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Lilly: Drug can prevent COVID-19 illness in nursing New! 2021-01-21 08:54:54Drugmaker Eli Lilly says its COVID-19 antibody drug can prevent illness among residents and staff of nurusing homes and other long-term care locations

US home construction jumps 5.8% in December to New! 2021-01-21 08:53:08U.S. home construction jumped 5.8% in December to 1.67 million units, ending a strong year for home building

US jobless claims decline to a still-high 900,000 2021-01-21 08:48:15Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cu

World leaders laud US return to climate fight 2021-01-21 08:38:18World leaders have breathed an audible sigh of relief that the United States under President Joe Biden is rejoining the global effort to curb climate

EU to hold video summit to assess new 2021-01-21 08:24:33European Union leaders will hold a video summit amid worry that the new coronavirus variants could result in another surge of deaths across the 27-nat

Turkey launches charm offensive to ease tensions with 2021-01-21 08:15:27Turkey is launching a new effort to improve strained ties with the European Union

Biden to sign virus measures, requires mask use 2021-01-21 08:09:16President Joe Biden is putting forth a national COVID-19 strategy to ramp up vaccinations and testing, reopen schools and businesses and require Ameri

European Central Bank keeps stimulus programs on track 2021-01-21 08:06:03The European Central Bank has left its bond-purchase stimulus program unchanged as the 19-country eurozone endures a winter economic slowdown due to t

Germany's Merkel points to variant risk as infections 2021-01-21 07:58:50Chancellor Angela Merkel says Germany is seeing a promising decline in new coronavirus infections, but must take “very seriously” the risk

Google, French publishers sign copyright news payment deal 2021-01-21 06:16:44Google has signed a deal with a group of French publishers paving the way for the internet giant to make digital copyright payments for online news co

Buttigieg aims for 'generational' change at Transportation 2021-01-21 06:08:15President Joe Biden’s nominee for secretary of transportation, Pete Buttigieg, is pledging to carry out the administration’s ambitious age

Restructuring Norwegian Air to get government support 2021-01-21 05:44:48Norway’s government will help ailing low-cost carrier Norwegian Air Shuttle as long as the company manages to raise at least 4.5 billion kroner

L.A. Times - Business

The Standard Hotel in West Hollywood is shutting New! 2021-01-21 16:55:26The Standard hotel in West Hollywood on the Sunset Strip is set to close Friday. It said "a significant increase to its lease ... makes operating the

Lilly Singh takes a loss on Hollywood home New! 2021-01-21 16:46:14In Hollywood, late-night talk show host Lilly Singh just sold her three-story home for $1.475 million, slightly less than what she paid in 2015.

Column: Biden signals his goal of eradicating every New! 2021-01-21 13:44:18With a flurry of executive orders, Joe Biden shows he's planning to annihilate all memory of the Trump years.

After Capitol assault, corporate America rethinks its role New! 2021-01-21 13:37:44Rather than stay on the sidelines, business leaders condemned the attack, withdrawing funds supporting enablers of Trump and his followers.

'The Axe Body Spray of mansions': Inside the New! 2021-01-21 11:00:51We're running out of things to do during quarantine. But Samir Mezrahi knows that Zillow surfing never gets old.

Two Biden priorities, climate and conservation, collide in 2021-01-21 08:00:33An 11th-hour Trump administration proposal foreshadows a tough balancing act for Biden on public lands.

Operator of Queen Mary in Long Beach files 2021-01-20 18:48:24Eagle Hospitality Trust's Chapter 11 filing could be the start of a wave of bankruptcies for the industry. The company operates the Queen Mary in Lon

Tommy Hilfiger bags $45 million for Connecticut manor 2021-01-20 17:32:37In Connecticut, fashion mogul Tommy Hilfiger just sold his 13,000-square-foot English Country-style manor on 22 acres for $45 million.

Matt Damon's Zen retreat in the Palisades lists 2021-01-20 14:50:06Oscar-winning actor Matt Damon is asking $21 million for his leafy retreat in Pacific Palisades, or $6 million more than he paid in 2012.

Column: What happens to businesses when their CEOs 2021-01-20 14:10:00My Pillow CEO Mike Lindell is the latest business leader to discover the downside of becoming a crank.

Could a COVID-19 surge lead to shutdowns at 2021-01-20 08:00:44A Covid-19 surge at the ports of Los Angeles and Long Beach has sickened hundreds of longshore workers, a disruption that could stymie the flow of goo

Billionaire shatters Rancho Santa Fe record with $23-million 2021-01-19 16:55:56Billionaire Herbert Wertheim just dropped $23 million on a 22,500-square-foot mansion in Rancho Santa Fe, which is the community's priciest deal ever

Economy

Private payrolls post first drop since April as 2021-01-06 08:26:22The decrease of 123,000 provided a stark sign that the U.S. economy had cooled considerably heading into the end of 2020.

Cash in circulation is soaring, and that usually 2021-01-06 08:01:00Currency in circulation soared at a rate unseen since World War II last year, providing what historically has been a good sign for the economy.

Mortgage demand from homebuyers pulled back sharply, even 2021-01-06 07:00:01The stunning surge in home buying demand, brought on by the coronavirus pandemic, may finally be easing up.

Home prices are rising faster in the middle 2021-01-04 10:19:54Home prices are rising across the nation, but the usual geographical trends are being turned on their heads by the coronavirus pandemic.

Weekly jobless claims fall for a second straight 2020-12-31 13:44:28The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline.

November new home sales fall more than expected, 2020-12-23 13:37:18Sales of newly built homes came in far weaker than expected for November, and builder stocks are not taking it well.

Weekly jobless claims rise less than expected, but 2020-12-23 09:27:56The number of first-time unemployment-benefits filers decelerated to 803,000 in the week ending Dec. 19.

Existing home sales decline for the first time 2020-12-22 10:48:47After five consecutive months of gains, closed sales of existing homes turned lower in November from October.

NYT > Economy

New unemployment claims remain high in the latest New! 2021-01-21 17:58:42

Unemployment Claims Rise Sharply, Showing New Economic Pain New! 2021-01-21 15:10:55Weekly filings for jobless benefits hit the highest level since July as the pandemic’s resurgence batters the service industry.

President Biden will ask for new workplace coronavirus New! 2021-01-21 13:47:10

How Our Unemployment Benefits System Failed 2021-01-21 05:00:22A decline in funding and changes in the workplace — and how long people are out of work — have left a program unequal to the 21st-century

The Business Rules the Trump Administration Is Racing 2021-01-20 05:30:00From tariffs and trade to the status of Uber drivers, regulators are trying to install new rules or reduce regulations before President-elect Joe Bide

Is Rivian the Next Tesla? Investors Bet Big 2021-01-19 18:24:28Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.

U.S. Bans All Cotton and Tomatoes From Xinjiang 2021-01-19 15:26:45The sweeping ban, which was based on concerns about forced labor in the region, could compel companies to reorganize their multinational supply chains

The Most Important Thing Biden Can Learn From 2021-01-18 17:58:08A “hot” economy with high deficits didn’t cause runaway inflation.

How Full Employment Became Washington’s Creed 2021-01-18 15:29:21Policymakers are eager to return to the period of low unemployment that preceded the pandemic and are less concerned than in previous eras about spark

When Will Interest Rates Rise? Fed Chair Says 2021-01-17 14:26:46Jerome H. Powell, chair of the Federal Reserve, said the central bank remained far from dialing back support for the economy.

Is Inflation About to Rise? That's the Wrong 2021-01-16 05:00:08Some analogies can help in assessing the risks: a yo-yo, hungry bears, a sloshing bathtub and a reflating balloon.

‘We Need to Stabilize’: Big Business Breaks With 2021-01-15 18:55:33Low taxes and light regulation made the party popular with corporate America for decades. President Trump and his supporters have frayed those bonds.

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Nasdaq hits record high at open as Netflix 2021-01-20 09:48:17The Nasdaq Composite rose 145.4 points, or 1.10%, to an all-time high of 13342.548 at the opening bell

Inauguration Day LIVE updates: It's a new day 2021-01-20 09:44:05US President Joe Biden inauguration: Donald Trump offers best wishes. US may return to WHO under new administration. Stay tuned for US President Joe B

Tata Motors jumps 51% in Jan on Tesla 2021-01-20 09:40:02In the past seven trading days, the stock has rallied 26 per cent on report that Tesla may choose Tata Motors for its much-awaited India foray

LIVE: Farmers, ministers to meet again on Jan 2021-01-20 09:34:49Farmers' protest LIVE updates: government proposed to keep the three farm laws suspended for a fixed time period of one year or so.

UK, Belgium among nations seeking cheaper India-made coronavirus 2021-01-20 09:30:16Serum, the world's largest producer of vaccines by volume, can ship out the Astra vaccine priced between $5-10 per dose

Latest News LIVE updates: TMC MLA Arindam Bhattacharya 2021-01-20 09:23:32'I was elected on Congress symbol but extended support to TMC so that development happens but it didn't', said the MLA. Stay tuned for Latest LIVE

Tenth round of talks makes no progress, farmers 2021-01-20 09:14:11Previous rounds of talks have so far failed to mollify tens of thousands of farmers who have been camping out on the outskirts of Delhi for more than

Coronavirus LIVE: 786,842 beneficiaries vaccinated in India since 2021-01-20 08:50:57Coronavirus live updates: Till now 786,842 beneficiaries have been vaccinated in India. Globally, 96.6 million people have been infected, of which, 10

Donald Trump exits White House for last time, 2021-01-20 08:43:39Trump will be the first president in modern history to boycott his successor's inauguration

Budget Byte: Bad year for PSUs may impact