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Economy

ABC News: Money

Here's why the Dow topped 30,000 for the 2020-11-24 23:59:14Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time

EXPLAINER: China's claims of coronavirus on frozen foods 2020-11-24 23:30:33China’s has stirred controversy with claims to have detected the coronavirus on packages of imported frozen food

Asian shares rise after Dow crests 30,000 on 2020-11-24 22:38:10Dow crests 30,000 points on vaccine hopes, Biden transition

Dow 30,000: Other times the Dow has crossed 2020-11-24 21:32:14The Dow Jones Industrial Average closed above 30,000 points for the first time Tuesday

OxyContin maker Purdue Pharma pleads guilty in criminal 2020-11-24 19:48:51Purdue Pharma says its guilty plea over its role in the opioid crisis is “an essential step to preserve billions of dollars” for the settl

Are dining tents a safe way to eat 2020-11-24 19:48:33Outdoor dining tents are popping up outside restaurants during the pandemic, but experts say not all setups are equal

Fox News, family of slain DNC staffer Seth 2020-11-24 18:18:50Fox News has reached a settlement with the parents of Seth Rich, a former Democratic National Committee employee who was killed in 2016

The Latest: Coronavirus curfew planned for El Paso, 2020-11-24 18:05:50Officials in El Paso County in Texas  plan to impose a new curfew in hopes of combatting a surge in coronavirus cases that is overrunning the bor

Left for dead, twice, RadioShack gets another shot 2020-11-24 17:44:03RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again

As virus cases spike, financial outlook for airlines 2020-11-24 17:00:18With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world's airlines is getting worse

How major US stock indexes fared Tuesday 2020-11-24 16:48:46Stocks closed broadly higher on Wall Street Tuesday, sending the Dow Jones Industrial Average above 30,000 points for the first time

Dollar Tree, Anaplan rise; Dycom, Best Buy fall 2020-11-24 16:21:02Stocks that moved heavily or traded substantially Tuesday: Dollar Tree, Anaplan rise; Dycom, Best Buy fall

L.A. Times - Business

Muslims reel over a prayer app that sold 2020-11-23 14:57:15The Muslim Pro app has features that make it easier to practice Islam. But revelations about its data collection have upset some users.

Seth Rogen sells West Hollywood home for $2.16 2020-11-23 14:43:17Actor-director Seth Rogen just sold his lush, secluded West Hollywood home for $2.16 million, or $35,000 more than he was asking.

Actor Josh Hutcherson sells Studio City home to 2020-11-23 11:00:06In Studio City, "Future Man" star Josh Hutcherson just sold a remodeled single-story home to songwriter Billy Walsh for $1.899 million.

Column: IBM apologizes for firing a transgender pioneer, 2020-11-23 10:18:55Lynn Conway's brilliant contributions to computer science didn't stop IBM from firing her during her gender transition. Now it has apologized.

The fossil fuel industry wants you to believe 2020-11-23 09:00:20The climate crisis disproportionately harms Black people, Latinos and Native Americans. But oil and gas supporters are trying to claim the moral high

L.A. County restaurant owners fear they won't survive 2020-11-23 09:00:18Chefs and restaurateurs react to another shutdown of in-person dining amid L.A. County's coronavirus surge. "We're holding on for dear life," one

Rent is falling in Los Angeles. Head east, 2020-11-23 08:00:33In major cities such as Los Angeles, rent is falling during the COVID-19 pandemic. But in suburban markets such as the Inland Empire, rent is rising f

San Pedro's Ports O' Call was torn down. 2020-11-22 09:00:43Two major projects at the original Port of Los Angeles are moving ahead despite the pandemic. It's part of a dramatic reshaping of the waterfront.

Column: 'Scared like crazy': Going viral saved Burritos 2020-11-22 09:00:25Albert Bañuelos was slowly growing his restaurant business, and 2020 was set to be his best year yet. Then the pandemic hit.

Hot Property: Dodgers star Mookie Betts swings on 2020-11-21 08:30:19Dodgers star Mookie Betts landed a new home field, spending $7.6 million on the Encino mansion of UCLA football coach Chip Kelly.

Home of the Week: A Beverly Hills penthouse 2020-11-21 08:00:34In Beverly Hills, a two-story penthouse in the nature-minded Gardenhouse development offers museum-like living spaces. Asking price: $5.888 million.

Grocery store rationing is back, but relax: The 2020-11-21 08:00:25Stores are once again limiting how much toilet paper and cleaning supplies customers can buy, as the third wave of COVID-19 infections ramps up and lo

Economy

Jobless claims edge lower but are still well 2020-11-05 09:00:13The Labor Department reported that 751,000 U.S. workers filed for benefits, compared to 758,000 from the week before.

Fed wants low profile but may repeat that 2020-11-05 07:14:22Fed Chairman Jerome Powell is likely to reiterate the need for fiscal stimulus to help the economy recover.

U.S. needs a 'really, really big' relief package 2020-11-05 02:35:11The U.S. may need several hundred billion dollars a month in "disaster relief," Nobel prize-winning economist Paul Krugman said.

As hopes fade for a major stimulus, here's 2020-11-04 17:02:49The likelihood that the Senate will stay in Republican hands likely translates into a smaller pandemic aid package.

Private payroll growth slows in October, well below 2020-11-04 08:36:24Companies added 365,000 positions for the month, according to ADP, well below the 600,000 estimate from a Dow Jones economist survey.

Fed lowers minimum loan level for small business 2020-10-30 16:25:39The Fed said it is reducing the minimum loan size to $100,000 and will ease restrictions on the debt load for companies.

As Washington delays stimulus, the Fed is running 2020-10-29 14:21:51While no Fed official would ever acknowledge that monetary policy ammunition is running low, there appear to be few weapons left in its arsenal.

U.S. GDP booms at 33.1% rate in Q3, 2020-10-29 14:00:27The growth came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones

There was a surprise drop in September home 2020-10-29 10:07:08Potential homebuyers may be hitting the limit of what they can afford. Pending home sales fell 2.2% in September compared with August.

U.S. weekly jobless claims total 751,000, vs 778,000 2020-10-29 09:27:05The number of first-time unemployment claims declined for a second straight week — to the lowest level since Covid shutdowns began in March.

Sharp third-quarter growth will show the economy regaining 2020-10-29 07:48:09Third quarter GDP is expected to grow at a sharp pace, but the economy is still behind where it was and may be challenged by a lack of stimulus. 

Home prices in August see biggest gains in 2020-10-27 09:33:50Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically.

NYT > Economy

Janet Yellen Set to Lead Treasury Department Under 2020-11-24 08:08:50The former Fed chair, a labor market expert, appears poised to become one of few people to ever have wielded economic power from the White House, the

Who Will Miss the Coins When They’re Gone? 2020-11-24 05:45:04We used to carry and trade bits of metal everywhere, but a pandemic shortage and the rise of digital money are making jingly pockets a distant memory

Janet Yellen Has Excelled at Big Jobs. This 2020-11-24 05:00:13The nominee for Treasury secretary will face the tricky politics of generating a strong recovery out of the pandemic.

As Customers Move Online, So Does the Holiday 2020-11-24 01:10:35Empty stores are turning into fulfillment centers and the market for warehouse space is booming, as the pandemic rockets the retail industry into its

Virus Cases Rise, but Hazard Pay for Retail 2020-11-23 15:51:41They were hailed as heroes during the first wave of the pandemic, but wage increases were fleeting, and companies, whose businesses are booming, have

Biden Calls for Stimulus Ahead of a ‘Dark 2020-11-23 15:51:25The president-elect looked to forge unity between business and unions in a speech on the economy.

Snapshots of Daily Life in a Remote Region 2020-11-23 13:45:33The Barroso is one of Portugal’s most isolated areas, known for its rough terrain, abiding agricultural traditions and stunning beauty.

Biden Team, Pushing Quick Stimulus Deal, Prepares for 2020-11-22 16:04:28Economists warn that lawmakers must pass aid now, as a renewed coronavirus surge chills consumer spending and business activity.

Economic Policy Has Become a Partisan Game. That 2020-11-20 18:33:21Mnuchin’s move and Shelton’s near-confirmation suggest a future of greater risks each time party control changes.

Mnuchin Cites Principles in Clawing Back Fed Money. 2020-11-20 18:12:47Trump’s Treasury secretary said Congress wanted key economic supports to end by Dec. 31, a view he expressed only after the vote count in the pr

Mnuchin Plans to End Some Emergency Fed Facilities 2020-11-19 22:57:45The Treasury Department asked the Federal Reserve to return unused funds, downsizing the next secretary’s ability to restart the economic suppor

Unemployment Claims Rise as Economic Worries Grow 2020-11-19 18:20:57With coronavirus cases increasing again in the United States, the “fragility of the recovery” is in jeopardy, one economist said.