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ABC News: Money

A glance at US mortgage rates: 30-year at New! 2019-09-19 11:23:24A glance at US mortgage rates: average rates climbed this week but still down from a year ago

Average 30-year mortgage rate rose to 3.73% New! 2019-09-19 11:20:29US long-term mortgage rates shot up this week, yet they stayed close to historic lows

President Trump says Fed Chair Powell's job is New! 2019-09-19 11:20:18Despite all his attacks on the Federal Reserve, President Trump says Fed Chairman Powell's job is safe

Weak manufacturing threatens consumer-fueled growth New! 2019-09-19 11:15:25Manufacturers are facing stunted growth amid the damaging trade war between the U.S. and China, and that has some on Wall Street worried that it will

Airbnb says it will go public in 2020 New! 2019-09-19 11:12:56Home-sharing site Airbnb says it will go public in 2020

Mortgage rates boosted US home sales 1.3% in New! 2019-09-19 11:05:12US home sales rose 1.3% in August to the highest level in 17 months

Walmart CEO McMillon named Business Roundtable chairman New! 2019-09-19 10:34:16The Business Roundtable selects Walmart CEO Doug McMillon as its new chairman

US stocks edge higher, extending gains from a New! 2019-09-19 10:29:56Stocks edged higher on Wall Street in early trading Thursday, extending the market's modest gains from a day earlier

US home sales rose 1.3% in August to New! 2019-09-19 10:00:25US home sales rose 1.3% in August to highest level in 17 months

Markets Right Now: Stocks rise led by tech, New! 2019-09-19 09:41:56Stocks are opening with modest gains on Wall Street Thursday, led by technology and energy shares.

Bank of England holds rates as it awaits New! 2019-09-19 08:44:13The Bank of England has kept its main interest rate unchanged at 0.75% as rate-setters await developments on the Brexit front

World shares mixed following Fed's decision to cut New! 2019-09-19 08:20:22Shares are higher in Europe after a mixed session in Asia following the Federal Reserve's decision to cut its benchmark interest rate

Reuters: Business News

Oil steps back on Saudi supply reassurance, focus 2019-09-17 23:05:10Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. inte

Saudi oil attacks came from southwest Iran, U.S. 2019-09-17 22:49:00The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told R

Guggenheim's Minerd says aggressive Fed moves can delay 2019-09-17 22:25:26Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm's recession forecast model showed a 58% chance of the eco

Costly Saudi defenses prove no match for drones, 2019-09-17 22:19:38Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match

French President Macron calls Saudi crown prince on 2019-09-17 22:19:13The Saudi Arabian Crown Prince Mohammed bin Salman received a phone call from the French President Emmanuel Macron on Tuesday to discuss the attack on

Big banks score win as U.S. regulator proposes 2019-09-17 21:58:15A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marki

U.S. Senators urge FTC to scrutinize multi-billion dollar 2019-09-17 21:57:16U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize p

Walmart likely discriminated against female workers, U.S. agency 2019-09-17 21:55:42Walmart Inc likely discriminated against 178 female workers by paying them less, denying them promotions or both, because of their gender, the U.S. Eq

GM stops paying for health insurance for striking 2019-09-17 21:55:23General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for t

White House says not involved in contract talks 2019-09-17 21:55:23The White House is not involved in contract talks with General Motors Co and the United Auto Workers union, aimed at ending a nationwide strike that b

Apple says $14 billion EU tax order 'defies 2019-09-17 21:54:08The European Union's order to Apple to pay 13 billion euros ($14 billion) in back taxes "defies reality and common sense", the U.S. firm said as th

U.S. seeks U.N. action on Saudi attacks despite 2019-09-17 20:59:54A senior U.S. official on Tuesday called for a U.N. Security Council response to the attacks on Saudi oil facilities that the United States blames on

L.A. Times - Business

Hoodies, watches and other camouflaged vaping devices confound New! 2019-09-19 09:00:59Camouflaged vaping devices have teachers and parents struggling to monitor the usage of a product that has surged in popularity among high school-aged

Column: In landmark session, the California Legislature shows New! 2019-09-19 09:00:50With bills to protect employment rights, student athlete pay, abortion services and renters, the 2019 California Legislature turned in a very progress

What $2 million buys right now in three New! 2019-09-19 08:30:36Take a look at what roughly $2 million buys right now in the beach towns of Venice, Malibu and Manhattan Beach.

Did Universal's Jurassic World ride scare you? Thank New! 2019-09-19 08:30:24At Universal Studios Hollywood, Jon Corfino gets to spend his days creating new attractions, including Jurassic World — The Ride. At lunch, he l

Column: Fake news, says Trump's consumer agency of New! 2019-09-19 08:00:11In making "enhancements" to its database, the CFPB now says consumers should be aware that many complaints "should be regarded as opinion, not fact

Kim Gordon's Laurel Canyon project | Hot Property 2019-09-18 20:44:53The reimagined Midcentury Modern-style home sits on a quarter-acre lot in the Hollywood Hills.

AT&T under pressure to sell DirecTV amid heavy 2019-09-18 19:57:10AT&T bought DirecTV in 2015, right before subscribers began fleeing in droves.

Newsom signs bill rewriting California employment law, limiting 2019-09-18 18:55:06Newsom's signature on Assembly Bill 5 could mean more California workers would be considered employees eligible for workplace benefits.

Designer Kim Gordon rolls out her latest creation 2019-09-18 18:23:29Artist-designer Kim Gordon, known for her breezy bohemian projects in Venice, has listed a freshly renovated home in the Hollywood Hills for sale at $

Fed cuts interest rates again by a quarter 2019-09-18 17:45:51Amid slowing growth and pressure from Trump, Federal Reserve makes its second straight rate cut.

Actor Clive Standen takes hold of Lucy Hale's 2019-09-18 17:24:23British actor Clive Standen has bought the Studio City home of "Pretty Little Liars" actress Lucy Hale for $2.45 million.

Tyrone Power's onetime home hits the market in 2019-09-18 15:51:09The onetime home of Golden Age film star Tyrone Power has come on the market in Brentwood for $11.995 million.

Economy

US existing home sales rise to 17-month high New! 2019-09-19 10:00:00A decline in mortgage rates throughout much of the summer has helped buyers.

The CEO of Pimco, which manages $1.8 trillion, New! 2019-09-19 09:56:00The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.

US weekly jobless claims rise less than expected New! 2019-09-19 08:30:00The data pointed to strong labor market conditions that should continue to support a moderately growing economy.

Powell: Low rates abroad a sign of weak 2019-09-18 15:29:00Federal Reserve chairman Jerome Powell holds a press conference after the Fed's decision to cut rates by 25 basis points.

Powell doesn't see the Fed ever using negative 2019-09-18 15:05:00Federal Reserve Chairman Jerome Powell said he does not see the Fed using negative interest rates in the future.

Powell says it's possible the Fed will have 2019-09-18 14:50:00Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.

Powell says a 'sequence' of rate cuts could 2019-09-18 14:41:00Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as ne

Trump says Powell and the Fed 'Fail Again' 2019-09-18 14:26:00The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower

Fed gets more divided, as three members vote 2019-09-18 14:18:00The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.

Fed forecasts no further rate cuts in 2019 2019-09-18 14:06:00The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.

Fed cuts rate on bank reserves amid repo 2019-09-18 14:02:00The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.

Here's what changed in the new Fed statement 2019-09-18 14:01:00This is a comparison of Wednesday's FOMC statement with the one issued on July 31 after the Fed's previous policymaking meeting.

NYT > Economy

A Rerun From the 1970s? This Economic Episode 2019-09-19 00:24:40Labor strife, pressure on the Fed, a sharp rise in oil prices, but without stagflation and other key elements.

Fed Cuts Interest Rates by Another Quarter Point 2019-09-18 20:06:32The Federal Reserve cut rates for the second time since July as risks to the economic outlook mounted. Its policy continued to anger President Trump.

A Preview of the Fed Meeting 2019-09-18 18:34:02There will be a lot of moving parts, but policymakers are unlikely to do enough to satisfy President Trump.

Trump and California See Same Homeless Problem, but 2019-09-18 17:38:14President Trump’s awful descriptions of California’s housing woes can’t be worse than those of the state’s most liberal politi

Trump Urges ‘Big’ Rate Cut as Fed Faces 2019-09-18 11:17:57From short-term political and trade war concerns to a long-term lack of “firefighting capability” if the economy dives, things are not poi

U.S. Outlines Plans to Scrutinize Chinese and Other 2019-09-18 00:34:46International deals involving technology and real estate could be blocked under proposed new rules that would add teeth to a law passed last year.

Fed Jumps Into Market to Push Down Rates, 2019-09-18 00:31:53The move underscores the limitations of the Fed’s new approach to setting interest rates.

How an Oil Price Surge Could Hurt the 2019-09-17 16:27:54The spike in oil prices after the drone attacks in Saudi Arabia won’t start a recession. But a sustained surge in energy prices might have a big

To G.M. Workers, U.A.W. Strike Is Chance for 2019-09-17 14:41:28Union members are pushing for what they see as a fair share of the company’s hefty returns, a decade after its bankruptcy, as negotiations conti

Oil Prices Spike After Attack on Saudi Facilities 2019-09-17 12:27:44Experts say a severe shock to energy markets and the world economy is unlikely. They expect oil and gas prices to rise modestly, if the damage is quic

After Saudi Attack, Oil Market Is on Edge: 2019-09-17 12:27:11Supply disruptions and the risk of future attacks is likely to prop up energy prices, benefiting the oil industry and hurting consumers.

What the G.M. Strike Looks Like 2019-09-17 00:28:44The assembly plant in Flint, Mich., has produced millions of vehicles and supported generations of workers. Now a strike has rendered it idle.

Home Page

No stressed MSME to be declared as NPA New! 2019-09-19 10:51:18State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September

No recession yet but little scope for fiscal New! 2019-09-19 10:18:56"Despite rising external risks, domestic economy is resilient as foreign debt is only 19.7 per cent of GDP," said the RBI governor

Tata Motors to launch new EV in 2020 New! 2019-09-19 10:15:57Tata Motors said EVs built using the new powertrain technology will have a range of 250 kilometers on a single charge and the company will offer a war

IIT Bombay top Indian institute in QS Graduate New! 2019-09-19 09:38:47IIT Madras ranked 3rd globally in graduate employment rate metric

Ensure protection of user privacy, prevent abuse: IT New! 2019-09-19 09:20:12India has already forced foreign payment firms such as Mastercard Inc and Visa Inc to store data locally

Zee Entertainment tanks 8% as Chandra asked not New! 2019-09-19 08:25:46A Delhi High Court-appointed arbitrator has asked Essel Group chairman Subhash Chandra not to sell his unpledged stake in ZEE till next month in an on

GST Council meeting to take call on tax New! 2019-09-19 08:11:30There have been demands pouring in from various sectors - from biscuits to automobiles and FMCG to hotels - to reduce tax rates in the wake of economi

Reliance says Mukesh Ambani's shareholding has not increased New! 2019-09-19 08:09:24'The aggregate shareholding/voting rights of the Promote and Promote Group now stands at 309.8 crore shares - 48.87 per cent'

US-China trade war plunges global growth to lowest New! 2019-09-19 07:42:27The OECD said that the global economy risked entering a new, lasting low-growth phase if governments continued to dither over how to respond

PM Modi to visit US from Sep 21-27; New! 2019-09-19 07:21:26Trump would join him in addressing the mega 'Howdy Modi' rally, to be attended by the members of the Indian-American community

Govt notifies 8.65% interest rate for over 60 New! 2019-09-19 07:13:45The Central Board of Trustees -- the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) -- had approved 8.65 per cent int

Lim Chow Kiat, one of the world's top New! 2019-09-19 07:09:27Lim Chow Kiat, CEO of Singapore's GIC Pte, says markets are becoming increasingly dire and investors face an uncertain future.


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