• Follow us

Economy

ABC News: Money

SolarWinds hacking campaign puts Microsoft in hot seat 2021-04-17 08:08:45The sprawling, monthslong hacking campaign came to be known as SolarWinds for the company whose software update Russian intelligence agents stealthily

American, 2 Russians return to Earth from space 2021-04-17 06:11:10An American astronaut and two Russians have returned to Earth after six months aboard the International Space Station

Justice Department sues Roger Stone over $2M in 2021-04-16 19:38:11The Justice Department has sued Donald Trump's ally Roger Stone, accusing the conservative provocateur and his wife of failing to pay nearly $2 milli

SpaceX picked for moonwalkers, on verge of 3rd 2021-04-16 19:19:47NASA has chosen SpaceX to build the lunar lander that will eventually put the first woman and person of color on the moon

How the Kremlin provides a safe harbor for 2021-04-16 17:16:06A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling th

AP FACT CHECK: Biden hails record job growth, 2021-04-16 17:15:15President Joe Biden is claiming credit for two months of record job creation as employers bring back many workers sidelined by the pandemic

S&P 500 hits another record, marks 4th weekly 2021-04-16 16:52:38Stocks continued to march higher on Wall Street Friday, giving the S&P 500 its latest record high and its fourth straight weekly gain

How major US stock indexes fared Friday 2021-04-16 16:52:13Stocks continued to march higher on Wall Street Friday, giving the S&P 500 its latest record high and its fourth straight weekly gain

Vartan Gregorian, longtime president of Carnegie Corp., dies 2021-04-16 16:37:15Vartan Gregorian, the noted scholar and philanthropic leader who led the Carnegie Corporation of New York since 1997, has died

US lifts Vietnam, Switzerland from currency manipulator list 2021-04-16 16:30:35The U.S. Treasury is removing Vietnam and Switzerland from the list of nations labeled as currency manipulators, reversing a decision made by the Trum

Facebook panel's Trump ruling delayed as comments flood 2021-04-16 16:30:31Facebook’s quasi-independent Oversight Board says it will take longer than expected to decide on whether or not the suspension of former preside

PPG, Alcoa rise; Bank of New York, Marathon 2021-04-16 16:18:01Stocks that traded heavily or had substantial price changes Friday: PPG, Alcoa rise; Bank of New York, Marathon Oil fall

L.A. Times - Business

Less than 1 in 4 workers has gone 2021-04-15 15:19:39Few are in a rush to go back to pandemic-emptied office buildings, data show. But landlords are betting people will want to return later this year.

Milken conference announces October return to Beverly Hills 2021-04-15 15:15:08The Milken Institute Global Conference, hosted by financier Michael Milken, will welcome attendees in 2021 but also offer talks and panels online.

Lawmakers push reforms at state unemployment agency as 2021-04-15 14:25:06A key legislative committee approves bills to help overhaul the EDD's operations as the agency apologizes for another error that interrupted payments

Column: Is Biden the next FDR? That depends 2021-04-15 13:44:48Biden is being compared to Franklin D. Roosevelt, but the resemblance is complicated.

Final county moves out of California's purple tier 2021-04-15 13:37:53Officials moved the lone remaining occupant of the category, Merced County, into the less-stringent red tier after reexamining the region's data.

Can money from Silicon Valley save low-cost housing 2021-04-15 11:00:18The philanthropic company of Facebook founder Mark Zuckerberg and wife Priscilla Chan is spending millions to help South Los Angeles landlords.

Biden quietly reversed Trump's ban on worker visas. 2021-04-14 18:22:46Biden has quietly relaxed one of Trump's signature immigration bans, even as the new administration struggles to hold back a migrant surge along the

'Scream' creator Kevin Williamson sells Windsor Square estate 2021-04-14 16:39:48After buying a Beverly Hills mansion, prolific screenwriter Kevin Williamson has sold his Cape Cod-style home in Windsor Square for $9.415 million.

Actress Kirstie Alley unloads Los Feliz villa for 2021-04-14 15:19:36'Cheers' actress Kirstie Alley just sold her grand 1930s villa in the hills of Los Feliz for $7.8 million after years on the market.

Column: What's stopping the next Bernie Madoff? 2021-04-14 14:46:14An inattentive SEC was key to the success of Madoff's fraud. Its exposure put pressure on the agency to tighten enforcement — until Trump came

Bernie Madoff, notorious financier who pulled off history's 2021-04-14 09:44:36Bernie Madoff, who came to epitomize Wall Street corruption with his epic $65-billion Ponzi scheme, has died in prison of natural causes at age 82.

If you're house shopping in L.A.'s hot market, 2021-04-14 08:00:05In March, slightly more than half of homes sold for over the asking price across Los Angeles. In some spots, the share was even bigger.

Economy

The economy is running on a stimulus-fueled caffeine 2021-04-15 07:02:38The path beyond this rocket-fueled year looks far less clear.

Jamie Dimon says U.S. consumers are 'coiled, ready 2021-04-14 19:35:34Many Americans have received three rounds of stimulus checks and enhanced unemployment benefits since the pandemic began, helping forestall a wave of

'When is the housing market going to crash?' 2021-04-13 13:24:36Google reported last week that the search "When is the housing market going to crash?" had spiked 2,450% in the past month.

Consumer prices rise more than expected, pushed by 2021-04-13 10:03:32The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor.

The third round of stimulus checks helped, but 2021-04-12 13:45:13While the number of Americans going hungry and unable to pay their bills fell last month, new data shows that millions are still struggling. 

Powell says it's 'highly unlikely' the Fed will 2021-04-12 07:04:51"I think it's highly unlikely that we would raise rates anything like this year," Powell told CBS' "60 Minutes."

Fed Chair Powell says economy about to grow 2021-04-11 14:51:33The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Jerome Powell said.

Weekly jobless claims higher than expected 2021-04-08 11:18:57Jobless claims totaled 744,000 for the week ended April 3, well above the Dow Jones estimate of 694,000 and the previous week’s 728,000.

U.S. confident vast majority of developed nations will 2021-04-07 18:17:13Adeyemo said the White House's broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.

Fed's Brainard says the economy is improving but 2021-04-07 17:52:20Brainard said that while the U.S. economic outlook has "brightened considerably," it remains well away from the central bank's goals.

Fed officials say easy policy will stay in 2021-04-07 17:37:12Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation.

Jamie Dimon says economic boom fueled by deficit 2021-04-07 12:36:15While he is bullish for the economy's immediate future, he sees serious challenges for the U.S., thanks to political and societal dysfunction.

NYT > Economy

Covid-19 Pushes India’s Middle Class Toward Poverty 2021-04-16 08:53:05The pandemic sent 32 million people in India from the middle class last year. Now a second wave is threatening the dreams of millions more looking for

China’s First-Quarter Growth Is Expected to Boom on 2021-04-16 08:21:11The world’s traditional growth engine reported an 18.3 percent leap in the first quarter. But consumers and small businesses aren’t fully

What Will Happen to All the Empty Office 2021-04-16 05:00:23Commercial real estate has been hit hard by the pandemic, but there are plans to convert some of the now empty spaces into apartment buildings.

Unemployment Is High. Why Are Businesses Struggling to 2021-04-16 05:00:23Health concerns, expanded jobless benefits and still being needed at home are among the reasons would-be workers might be staying away.

Signs of Economic Hope Are Growing, Some With 2021-04-15 19:14:29Soaring retail sales and a sharp drop in jobless claims are the latest reflection of a quickening recovery and suggest a year of remarkable growth.

John Williamson, 83, Dies; Economist Defined the ‘Washington 2021-04-15 17:21:27A careful pragmatist, he regretted the way his term, aimed at developing countries, was misinterpreted by free-market ideologues and anti-globalizatio

Biden Takes On Sagging Safety Net With Plan 2021-04-15 11:24:59The proposal to spend $400 billion over eight years faces political challenges and a funding system not designed for the burden it has come to bear.

Week’s unemployment claims fall to lowest level of 2021-04-15 11:22:40Applications for jobless claims have been stubbornly high for months, but reopenings have bolstered confidence in a dynamic recovery.

Voters Like Biden's Infrastructure Plan; Taxes Are an 2021-04-15 05:00:15A Times poll shows large majorities back spending on roads, ports, broadband and more. But Republicans aim to make corporate tax increases the issue.

Hundreds of Companies Unite to Oppose Voting Rights 2021-04-14 07:36:43Amazon, Google, G.M. and Starbucks were among those joining the biggest show of solidarity by businesses over legislation in numerous states.

NYC Retail Zones: Midtown Has Been Empty, but 2021-04-13 22:06:39Shopping locally has helped foot traffic in some commercial districts across the city return almost to prepandemic levels.

The Biden Administration Is Quietly Keeping Tabs on 2021-04-13 19:27:02A monthslong effort to monitor and model economic trends inside the White House and the Treasury Department found little risk of prices spiraling upwa