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ABC News: Money

FedEx severs ties with Amazon 2019-08-07 10:31:11FedEx cuts ties with Amazon as the online giant builds own delivery fleet

Stocks slide as rate cuts stoke fear of 2019-08-07 10:23:27U.S. stocks slide as central banks around the world cut rates and stoke fear that the U.S.-China trade war will damage global economic growth.

How to keep your razors from contributing to 2019-08-07 10:01:26How to keep your razors from contributing to landfill waste

Markets Right Now: Stocks, yields sink again on 2019-08-07 09:57:41Stocks are sinking on Wall Street again as fearful investors dumped stocks and shoveled money into bonds. The Dow Jones Industrial Average fell more t

Stocks sink again on Wall Street, pulling Dow 2019-08-07 09:49:33Stocks sink again on Wall Street, pulling Dow industrials down more than 500 points; Bonds soar as investors seek safety

European stocks push on as China stabilizes currency 2019-08-07 08:22:19Global stock markets continue to recover ground after China's decision to stabilize its currency eased some tensions around the trade war with the U.

Aetna deal begins to pay off for CVS 2019-08-07 08:01:19CVS swings to a profit in the second quarter and easily beat expectations thanks in part to Aetna deal

India's central bank cuts lending rate to 5.40% 2019-08-07 05:17:12India's central bank has cut its key interest rate for the fourth consecutive time, reducing the repo rate by 0.35% to 5.40% to shore up the economy

New Zealand cuts benchmark interest rate to lowest-ever 2019-08-07 03:57:55New Zealand's central bank has cut its benchmark interest rate to an all-time low of 1% as it forecasts tougher economic conditions ahead

SoftBank's profit nearly quadruples on fund investments 2019-08-07 03:55:36Japanese technology company SoftBank Group Corp. has seen its fiscal first quarter profit nearly quadruple to $10.6 billion as its fund investments bo

Former Fed leaders defend Powell against Trump's attacks 2019-08-06 19:20:25In a strong rebuke to Trump, 4 former Fed leaders defend current Fed Chairman Jerome Powell

Walgreens to shut 200 US stores as part 2019-08-06 18:56:14Pharmacy chain Walgreens says it plans to close 200 stores in the United States as it seeks to cut costs

Reuters: Business News

SoftBank-backed Oyo, known for budget stays, to rebrand 2019-08-23 07:57:22SoftBank Group Corp-backed Indian hospitality startup Oyo will rebrand Hooters Casino Hotel in Las Vegas in a deal that a source with knowledge of the

Thyssenkrupp, Kloeckner in talks over co-operation in materials 2019-08-23 07:45:05Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not working on a near-term takeover of the met

Stocks, dollar inch up ahead of Powell's Jackson 2019-08-23 07:41:56World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether

U.S. fines Deutsche Bank $16 million to settle 2019-08-23 07:38:13Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign governme

Shares in Peppa Pig owner rise past Hasbro 2019-08-23 07:28:39Peppa Pig-owner Entertainment One's shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company's board with U

Stock futures edge higher before Powell speech 2019-08-23 07:21:34U.S. stock index futures edged higher on Friday as investors looked to Federal Reserve Chair Jerome Powell's speech at a meeting of central bankers i

Tesla in advanced talks with LG Chem on 2019-08-23 07:03:26U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea's LG Chem Ltd to source batteries for vehicles to be made in its Shangh

Huawei says U.S. curbs to cut smartphone unit's 2019-08-23 06:56:39Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, thoug

Swedish regulator delays Swedbank money-laundering probe report 2019-08-23 05:58:23The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginn

Deutsche Bank to transfer up to 800 to 2019-08-23 05:18:37A deal in the works for BNP Paribas to assume the prime brokerage operations of Deutsche Bank will involve the transfer of up to 800 people, a perso

UBS taps BoE adviser van Steenis for sustainable 2019-08-23 04:50:40UBS Group has hired Huw van Steenis, a former senior adviser to Bank of England Governor Mark Carney, to head investor relations and a new sustainabl

Pompeo tells Trudeau U.S. focused on release of 2019-08-23 04:37:27U.S. Secretary of State Mike Pompeo on Thursday assured Canadian Prime Minister Justin Trudeau that American officials were working to free two Canadi

L.A. Times - Business

Riot Games settles class-action suit by female employees 2019-08-22 21:23:29The video game studio agreed to settle a class action suit alleging violations of the California Equal Pay Act and gender-based discrimination

Taix restaurant, an L.A. institution, is sold to 2019-08-22 20:58:13But don't cry into your French onion soup: The country French eatery vows to stay open as part of the new complex.

Commentary: Switzerland pioneered negative rates in the 1970s. 2019-08-22 18:41:26To protect its currency, the Swiss government pioneered the use of negative interest rates.

DoorDash boosts drivers' base pay and adjusts tips 2019-08-22 18:20:06Doordash said it would increase base pay for deliveries and that customers' tips will be added on top of a "Dasher's" earnings paid by the compan

Column: Bucking federal policy, California court blocks church 2019-08-22 16:44:28A California appeals court rejects a church effort to eliminate abortion from its insurance coverage

Final penthouses at the Beverly West in Westwood 2019-08-22 16:34:13The final penthouse units at the Beverly West, with prices starting in the $23-million range, are now for sale.

Beverly West penthouse | Hot Property 2019-08-22 16:26:28Homes at Beverly West showcase unique design details, color palettes and expansive views of the Los Angeles Country Club, Bel-Air and Beverly Hills.

Kevin Nealon sells one Pacific Palisades property and 2019-08-22 16:26:14Weeks after unloading his Georgian-inspired home in Pacific Palisades, actor Kevin Nealon has purchased a brand new home a few miles away for $4.35 mi

Kevin Nealon's Pacific Palisades home 2019-08-22 16:26:04Built in 2019, the two-story home features Spanish style on the outside and bright, modern living spaces inside.

Actor-spokesman Dennis Haysbert looks to leave Malibu home 2019-08-22 14:04:11Actor and TV spokesman Dennis Haysbert list longtime Malibu home at $10 million.

Dennis Haysbert's Malibu estate | Hot Property 2019-08-22 14:03:41The remodeled Malibu home sits on just over an acre with a guest/pool house, a saltwater swimming pool and a putting green.

Amazon ends practice of dipping into drivers' tips 2019-08-22 13:57:28The Times has confirmed that the company will no longer use supplemental earnings or tips to cover the minimum pay, and will pay drivers their promise

Economy

Art Laffer warns on negative rates, saying he'd 2019-08-22 08:33:00"If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the "Trumponomics" co-author

Esther George says the Fed's 'large balance sheet' 2019-08-22 08:33:00Kansas City Fed President Esther George said the Federal Reserve may be partly responsible for the yield curve inversion.

US weekly jobless claims fall more than expected 2019-08-22 08:30:00The number of Americans filing applications for unemployment benefits fell sharply last week.

The Fed didn't need to cut rates in 2019-08-22 07:30:00"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.

A trade war with Europe would be more 2019-08-22 01:09:00Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.

Here's why Trump wants to buy Greenland 2019-08-21 17:44:00Greenland's growing strategic value is linked tightly to new North Atlantic shipping lanes opening up due to melting polar ice caps.

Bond market yield curve inverts, signaling Fed may 2019-08-21 16:34:00After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.

Fed says July rate cut was 'recalibration' and 2019-08-21 14:00:00The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.

CBO expects deficit to grow more than projected, 2019-08-21 11:00:00"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.

'Mr. Wonderful' Kevin O'Leary: 'There is no recession 2019-08-21 09:23:00U.S. companies "are on fire," says O'Leary, also chairman of O'Shares ETFs.

Morgan Stanley: Risk of a global recession is 2019-08-21 08:56:00Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a downturn in the manufacturing sector is spreading.

Trump says the Fed is the 'only problem' 2019-08-21 08:55:00President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.

NYT > Economy

How the Recession of 2020 Could Happen 2019-08-22 17:24:12The freeze-up in business confidence, caused in part by the trade war, could wind up affecting consumer confidence.

Trump Says He’s Exploring ‘Various Tax Reductions,’ and 2019-08-22 17:24:11Some of the administration’s favorite data points are now flashing warning signs about investment, jobs and growth.

How Politics Constrain the Federal Reserve and Other 2019-08-22 14:54:10Top economists will meet in Jackson, Wyo., this week for a meeting sponsored by the Kansas City Fed. But politicians gathering in France hold the real

Trump Acclaims Economy, but Voters Are Anxious Amid 2019-08-22 13:01:50Polling suggests that worries about the health of the economic expansion cross party lines.

Economic Antidote for a Shrinking America: Immigrants 2019-08-22 11:43:45Restaurants, farms and other employers say they need more foreign workers. And economic growth may depend on it, given lower birthrates.

How to Turn an iPhone Into a Work-Only 2019-08-22 10:59:04To prevent distractions, Conor Dougherty, an economics writer, dumped social media and anything fun — even his browser — from his smartpho

The End of Bidding Wars? 2019-08-22 09:30:03Multiple bids are becoming a rarity, even in the nation’s most competitive real estate markets.

Job Gains Were Weaker Than Reported, by Half 2019-08-21 16:33:22The Labor Department provided a revised picture of employment growth over a one-year period, offering the latest sign of a cooling economy.

Fed Was Divided About Interest Rate Cut 2019-08-21 16:02:30Fed officials were split in their decision over whether to cut rates and by how much.

Banks Want Efficiency. Critics Warn of Backsliding. 2019-08-20 13:37:15The Federal Reserve is streamlining postcrisis bank regulation. The end result could be lower capital requirements for the biggest banks.

U.S. Gives Companies More Time to Cease Doing 2019-08-19 23:40:39A 90-day extension is intended to give rural telecommunications time to wean themselves off the Chinese company, which supplies parts and equipment.

Job Training Can Change Lives. See How San 2019-08-19 16:35:35A program with an intensive approach offers a rare success story in producing lasting wage gains. Its guiding principle: “We will not let them f

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J&K crisis: Pak suspends trade with India, to 2019-08-07 10:04:14The decision was taken at a crucial meeting of the National Security Committee chaired by Pak PM Imran Khan

Banks must transmit RBI rate cut to hike 2019-08-07 10:03:42The Reserve Bank of India's (RBI) Monetary Policy Committee on Wednesday cut the interest rate by 35 basis points -- the fourth successive reduction

Anand Mahindra pitches for lower GST or cess 2019-08-07 10:03:05As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal

Emerging Asian economies' reserves put to test as 2019-08-07 09:48:26Central banks in Thailand, India, Indonesia and South Korea boosted their reserves this year as global policy easing fueled foreign inflows and pushed

Govt set to ease rules for entry into 2019-08-07 09:15:34The new rules would allow convenience stores, shopping malls and hypermarkets to sell fuels if they are eligible, said an oil ministry source

As crisis deepens, auto industry seeks stimulus package 2019-08-07 08:31:10Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit

HCL Tech Q1 net falls 8% YoY to 2019-08-07 07:13:42Revenue for the quarter under review came in at Rs 16,425 crore, up 18.4 per cent YoY and 2.7 per cent on quarter-on-quarter (QoQ) basis.

Analysts see gold price hitting Rs 40,000 per 2019-08-07 07:04:56In Mumbai's physical market, standard gold (995 purity) was trading at Rs 36,850 on Wednesday, nearly Rs 1,000 lower than in the futures market

Why RBI slashed repo rate by 35 bps 2019-08-07 06:22:13Various high frequency indicators, the RBI said, suggested weakening of domestic and external demand conditions.

MARKET WRAP: Sensex dips 286 pts, Nifty ends 2019-08-07 06:16:54All that happened in markets today

M&M slips 4% to hit an over 5-year 2019-08-07 05:14:58Operational revenue during the quarter declined by 7 per cent to Rs 26,041 crore against Rs 28,062 crore in the corresponding quarter of the previous

M&M consolidated PAT falls 52.56% in June quarter 2019-08-07 05:13:20Its total income during the period stood at Rs 26,289.48 crore as compared with Rs 26,260.64 crore in the corresponding quarter a year ago


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