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ABC News: Money

Morocco to start reopening borders after strict lockdown New! 2020-07-09 08:51:52Morocco will start gradually reopening its air and maritime borders next week after one of the world’s strictest border lockdowns

Walgreens lost $1.7B in 3Q as global pandemic New! 2020-07-09 08:45:18The coronavirus pandemic pushed Walgreens to a $1.7 billion loss in the third quarter with customers staying home or limiting shopping to essential su

Layoffs stuck at high level as 1.3 million New! 2020-07-09 08:40:48More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying

Germany seizes server hosting pilfered U.S. police files New! 2020-07-09 08:31:49German authorities, acting at the behest of the U.S. government, have seized a computer server that hosted a huge cache of files from U.S. federal, st

UK Treasury chief warns of depth of recession New! 2020-07-09 08:07:18The U.K.'s Treasury chief says the country is heading for unprecedented economic times, including one of the most severe recessions it has ever seen,

Regional governor in Russia arrested on murder charges New! 2020-07-09 07:12:16A provincial governor in Russia’s far east has been arrested on charges of involvement in multiple murders

EU court: No need to reveal IP addresses New! 2020-07-09 06:32:32The European Union’s highest court has ruled that online platforms like YouTube don’t have to disclose the full personal data including em

Biden proposes $700 billion-plus ‘Buy American’ campaign New! 2020-07-09 06:07:53Democratic presidential candidate Joe Biden is proposing sweeping new uses of the federal government’s regulatory and spending power to bolster

Global stocks follow Wall Street higher after tech New! 2020-07-09 04:53:17Global stock markets have followed Wall Street higher after further gains for U.S. technology stocks

Powerful euro single currency bloc to pick new New! 2020-07-09 04:21:01The powerful group of countries using the euro single currency are choosing their new president on Thursday

Asian stocks follow Wall Street higher after tech New! 2020-07-08 23:20:48Asian stock markets have followed Wall Street higher following gains for U.S. technology stocks

Amazon will stop selling Redskins merchandise New! 2020-07-08 20:15:49Amazon will stop selling Washington Redskins merchandise after the football team said it would undergo a review of its name, which is considered a rac

Reuters: Business News

U.S. Chamber urges China to accelerate purchases of 2020-06-18 08:53:29The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. g

Chanel warns virus impact will linger on luxury 2020-06-18 08:50:34The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on

Oil prices tick up as drop in U.S. 2020-06-18 08:48:56Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and t

KKR buys vacation parks firm Roompot in $1.1 2020-06-18 08:47:56U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PA

U.S. weekly jobless claims remain high as second 2020-06-18 08:38:50A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting

Kroger expects to top 2020 outlook, beats estimates 2020-06-18 08:27:11Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on

Exclusive: EU in advanced talks with Johnson & 2020-06-18 08:25:28The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine

World stocks drift lower as second wave virus 2020-06-18 08:23:27Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic

Wells Fargo investment adviser to sell feeder fund 2020-06-18 08:09:05Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCap

Dollar and yen supported by fears of new 2020-06-18 07:52:27The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven

Mother's Day sales uptick doesn't cover coronavirus downturn, 2020-06-18 07:32:13Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.

Exclusive: Who's in charge at Nissan? COO's allies 2020-06-18 07:27:30Nissan's chief operating officer Ashwani Gupta helped engineer the troubled automaker's latest turnaround plan. Now his allies are pressing the boar

L.A. Times - Business

Spyglass Media chief Gary Barber lists Westside penthouse 2020-07-07 17:26:04Former Metro-Goldwyn-Mayer Studios head Gary Barber, now CEO of Spyglass Media, is asking $6.495 million for his penthouse at the Remington in Westwoo

Column: Caltech faces reckoning over its links to 2020-07-07 17:02:45Caltech's revered Robert Millikan favored forced sterilization. Can the university come to grips with its past?

MedMen's Andrew Modlin lists Bird Streets joint for 2020-07-07 15:00:04Cannabis entrepreneur Andrew Modlin, who co-founded MedMen, has put his home in the Hollywood Hills on the market for $11.95 million.

Christian 'Bloodshy' Karlsson falls for a Midcentury home 2020-07-07 14:22:17Grammy-winning DJ Christian 'Bloodshy' Karlsson just paid $2.385 million, roughly $200,000 over the asking price, for a Midcentury home in Pasadena.

MGM's Barry Poznick lists Cape Cod-style house in 2020-07-07 12:26:13MGM Studios exec Barry Poznick is asking $5.899 million for his Cape Cod-style home near the ocean in Manhattan Beach.

Matthew Perry gives L.A. penthouse an $8-million discount 2020-07-07 11:32:22'Friends' actor Matthew Perry cuts the price on a Century City penthouse by $8 million. The 9,300-square-foot residence is now listed at $27 million

Reopening L.A. economy improved mental health, but coronavirus 2020-07-07 09:00:03The results of a survey by the USC Dornsife Center for Economic and Social Research were revealed Monday amid a major increase in new coronavirus case

Column: No, a chiropractor can't cure COVID-19 (or 2020-07-07 08:00:25State officials say they have received dozens of complaints about chiropractors falsely claiming to be able to remedy the coronavirus or COVID-19.

Jelly Belly and Yeezy got PPP loans. Which 2020-07-06 18:18:58580,000 California businesses received PPP loans in the last 3 months, leaving few parts of the economy untouched.

Pentatonix's Mitch Grassi floats scenic Hollywood Hills home 2020-07-06 17:47:07Singer Mitch Grassi of Pentatonix fame is asking $1.829 million for his Hollywood Hills home of two years.

Beverly Hills home from Trump's 'Apprentice' show comes 2020-07-06 12:42:34A flashy entertainer's mansion featured in 'The Apprentice' and 'American Idol' is up for rent in the Beverly Hills Post Office area for $49,850

'Making a Murderer' co-directors list Los Feliz home 2020-07-06 11:16:33Filmmakers Laura Ricciardi and Moira Demos have listed their Los Feliz home for sale at $3.297 million. It was previously owned by Gustavo Dudamel.

Economy

June private payrolls rose 2.37 million and there 2020-07-01 08:57:10Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surveyed by Dow Jones, according to

Economy's second-half comeback is now threatened by coronavirus 2020-07-01 08:18:46Economists expect to see a bounceback in the second half of 2020, but the resurging virus threatens the strength of the rebound.

Mortgage demand falls for the second straight week, 2020-07-01 07:00:01The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates continue to drop.

Goldman Sachs says a national mask mandate could 2020-06-30 20:14:53A face mask mandate would not only cut the daily growth rate of new cases of Covid-19, but could also save the U.S. economy up to 5% in GDP.

U.S. consumer confidence for June jumps more than 2020-06-30 12:46:53Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, according to data released Tuesday.

Home prices heated up in April, despite brief 2020-06-30 09:49:45Home prices strengthened in April, despite a national economic shutdown and a sharp drop in home sales due to the coronavirus.

Nearly half the U.S. population is without a 2020-06-30 09:48:44"To get the employment-to-population ratio back to where it was at its peak in 2000 we need to create 30 million jobs," said Torsten Slok, Deutsche

Powell says recovery path is 'extraordinarily uncertain' amid 2020-06-29 16:00:08

Pending home sales spike a record 44.3% in 2020-06-29 12:52:47Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That beat expectations of a

Employment recovery may be slowing as virus cases 2020-06-29 08:24:41Data from staffing firms that track hourly employees show job growth may have stagnated or even declined in recent weeks.

Fragile economic recovery faces first big test with 2020-06-26 16:44:28The second half of 2020 is here, and now it's up to the economy to prove that the stock market was right about a sharp comeback in growth.

Coronavirus mortgage bailouts suddenly swell as homeowners face 2020-06-26 15:49:22After declining for three weeks, the number of borrowers delaying their monthly mortgage payments due to the coronavirus rose sharply.