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Economy

ABC News: Money

COVID-19 danger continues to drive joblessness in US 2020-09-17 09:09:06The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high figure that reflects economic damage from th

Yes, stocks are pricey. But too expensive? 2020-09-17 09:00:32Most everyone along Wall Street agrees that stocks are expensive following their amazing return to records despite the still-raging pandemic

Ford to build electric truck plant in Michigan, 2020-09-17 08:29:12Ford says it will add 300 jobs at a new factory that’s being built to assemble batteries and manufacture an electric version of the F-150 pickup

Bank of England says economic outlook 'unusually uncertain' 2020-09-17 07:38:17The Bank of England has kept its main interest rate unchanged at the record low of 0.1% as it waits to see how the recovery from recession pans out an

Global stocks retreat on lack of new Fed 2020-09-17 07:32:33Global stock markets have retreated after the U.S. Federal Reserve indicated it will keep interest rates near zero but announced no fresh stimulus pla

French unions protest tire factory closure amid virus 2020-09-17 06:43:45Workers are protesting at a Bridgestone tire factory in northern France over the company’s decision to close the plant and lay off its nearly 90

2 Spanish banks merge amid tough times for 2020-09-17 05:33:28Two of Spain’s biggest banks are poised to merge and create the country’s largest bank in terms of domestic operations, with assets of mor

Netflix woos Japan with new original series about 2020-09-17 05:00:00Netflix is producing and shooting an original series set in Japan.

Australia to amend law making Facebook, Google pay 2020-09-17 02:14:33The author of proposed Australian laws that would make Facebook and Google pay for journalism says his draft legislation will be altered to allay some

Coal giant Murray Energy out of bankruptcy under 2020-09-17 01:07:20A major U.S. coal mining company has emerged from federal bankruptcy protection under a new name and ownership group

New companies face tough task overcoming pandemic, recession 2020-09-17 00:41:48Among the businesses the coronavirus outbreak has pummeled are an untold number of companies that were on the verge of launching or that were in their

Asian stocks retreat on lack of new Fed 2020-09-16 23:44:33Asian stock markets have retreated after the U.S. Federal Reserve indicated it will keep interest rates near zero but announced no fresh stimulus plan

L.A. Times - Business

Column: How a botched COVID 'loan' to Kodak 2020-09-18 09:00:13How a half-baked COVID loan to Kodak blew up in everyone's faces

L.A. County restrictions on indoor shopping centers are 2020-09-18 09:00:01The operator of a sports apparel store in Del Amo Fashion Center in Torrance and the county's largest owner of indoor malls has filed a lawsuit again

Top sales: Jeffrey Katzenberg's $125-million home sale was 2020-09-18 08:30:03Jeffrey Katzenberg's home sale in Beverly Hills was L.A. County's most expensive residential transaction in August and the third-highest in Californ

Cal/OSHA will create emergency COVID workplace safety rules 2020-09-17 21:02:43Officials agree to create new statewide standards aimed at protecting more California workers against COVID-19.

Actor Jon Voight relists huge Beverly Crest spread 2020-09-17 19:43:35In Beverly Crest, Oscar-winning actor Jon Voight is asking $14 million for his 3.4-acre estate with a Midcentury home and swimming pool.

Kenley Jansen finally finds relief in Redondo Beach 2020-09-17 19:35:41Dodgers closer Kenley Jansen has sold his Redondo Beach home after more than two years on the market.

California workers to get stronger family leave protections 2020-09-17 17:20:07SB 1383 requires employers with five or more workers to offer 12 weeks of unpaid time off to bond with a child or care for a relative starting Jan. 1.

Column: GAO finds the selling of junk health 2020-09-17 16:10:09Consumers seeking health plans exempt from Obamacare are regularly misled by sales reps, the GAO found.

Californians who contract COVID-19 at work get additional 2020-09-17 14:56:30New California law makes it easier for police, firefighters and other essential workers who get COVID on the job to obtain workers' comp benefits.

HGTV's Tarek El Moussa picks up a new 2020-09-17 14:08:56'Flip or Flop' star Tarek El Moussa and his fiancée, 'Selling Sunset' Realtor Heather Rae Young, just dropped $3.125 million on a Newport B

What will offices look like in the post-pandemic 2020-09-17 09:00:36Garden pods designed by Selgascano for Second Home, a coworking space in Hollywood, have allowed the offices to function during the COVID-19 pandemic.

Column: GoodRx IPO shows there's a lot of 2020-09-17 09:00:10Santa Monica's GoodRx could go public next week. The company benefits from bringing some transparency to a dysfunctional drug market.

Economy

Climate change is fueling wildfires in the West, 2020-09-17 12:55:33Wildfires, driven by climate change, are raging across the Western United States crushing local economies. It's a wakeup call for the Trump administr

Jobless claims were lower than expected but employment 2020-09-17 09:39:06First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage.

U.S. housing starts fall more than expected in 2020-09-17 08:55:22U.S. homebuilding fell in August after strong gains in the prior three months, but the housing market remains supported by record-low interest rates a

Fed picks its side in inflation debate and 2020-09-17 07:24:05The Fed does not expect to see inflation to pick up for years, and it is willing to keep rates at zero even after it does.

Fed leaves rates unchanged – Three experts on 2020-09-16 18:56:52The Fed left rates unchanged in its last meeting before the 2020 presidential election in November. It also indicated rates were unlikely to rise unti

Yelp data shows 60% of business closures due 2020-09-16 15:33:11Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronaviru

Fed holds rates steady near zero and indicates 2020-09-16 15:07:48The Federal Reserve kept its pledge to keep interest rates anchored near zero and promised to keep rates there until inflation rises consistently.

In last meeting before election, the Fed could 2020-09-16 09:34:26The Fed is unlikely to take any policy actions Wednesday, but it is expected to say it will keep its dovish policies in place for years.

U.S. consumer spending appears to slow in August 2020-09-16 08:51:24U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans.

Mortgage demand fell last week as interest rates 2020-09-16 07:45:09With no major move in mortgage rates, there was no sudden incentive to refinance a home loan last week, so fewer people did.

OECD projects global GDP will collapse by 4.5% 2020-09-16 05:37:23Going forward, the OECD expects the global economy to grow by 5% in 2021.

The Fed could still move markets Wednesday even 2020-09-15 20:06:16The Federal Open Market Committee will provide its quarterly update on where it sees GDP, unemployment and inflation heading.

NYT > Economy

A Job That Isn’t Hard to Get in 2020-09-15 17:53:02Criminals are increasingly using people like Denise Newton to move their money, just as many have lost their jobs and are vulnerable.

W.T.O. Says American Tariffs on China Broke Global 2020-09-15 17:09:20A World Trade Organization panel said Tuesday that the United States violated its rules by imposing tariffs on China in 2018, drawing an angry respons

U.S. Poverty Hit a Record Low Before the 2020-09-15 16:44:09The share of Americans in poverty in 2019 declined and median incomes were the highest on record, a Census Bureau report showed.

Diversity Push Barely Budges Corporate Boards to 12.5%, 2020-09-15 16:38:29Despite pledges to nominate more members of underrepresented ethnic and racial groups, companies have made little progress over the last five years.

U.S. Restricts Chinese Apparel and Tech Products, Citing 2020-09-15 10:19:18The new restrictions, announced Monday, fall short of a broader ban on cotton and tomatoes from Xinjiang that the administration was poised to announc

How Companies Are Getting Fast Coronavirus Tests for 2020-09-15 05:00:21Intermediaries are finding labs with capacity for companies seeking to make sure workers are virus-free. But many employers choose to avoid the cost.

Hotel Owners, Some With Trump Ties, Seek Federal 2020-09-15 05:00:21Hotel owners, who spent years loading up on a cheap type of debt, are now faced with the potential for default as the pandemic saps revenues.

How The Fed's Quick Action May Have Given 2020-09-15 05:00:19By doing its job of stabilizing the financial system, it has reduced the sense of urgency for lawmakers to help ordinary Americans.

Unemployment Benefits Program Has Issues With Fraud and 2020-09-11 18:51:08An emergency federal program faces growing issues with spurious claims, and the flood of applicants may have led to overcounting the unemployed.

Unemployment Claims Send Another Worrisome Note 2020-09-10 18:16:02Filings for benefits reflect continued layoffs and a sluggish recovery. “The numbers are going in the wrong direction,” one economist said

Unemployment Benefits Are at Heart of a Debate 2020-09-10 03:00:13A $600-a-week supplement that expired in July has been credited with bolstering the economy. Its impact on hiring is central to a political fight.

J.C. Penney Avoids Liquidation in Sale to Mall 2020-09-09 17:41:32The deal for the company’s retail business will keep a number of locations open and is likely to save tens of thousands of jobs.