• Follow us

Economy

Reuters: Business News

Asia stocks gain on hopes for eased U.S.-China 2019-01-17 19:37:39Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.

American Express misses estimates on slowing customer spending; 2019-01-17 19:33:16American Express Co missed Wall Street's fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S.

Netflix forecast misses Wall Street view, shares dip 2019-01-17 19:22:22Netflix Inc reported revenue and a first-quarter forecast slightly below Wall Street estimates on Thursday, sending shares of the world's largest st

Consumer giants spurn risks to chase online subscribers 2019-01-17 19:19:08Major consumer companies including Unilever , Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered auto

Volatile market hits Morgan Stanley's trading, wealth management 2019-01-17 18:54:16Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business fal

Strap yourself in: Netflix is about to report 2019-01-17 18:42:27Shares of Netflix up 0.2 pct on Thursday in likely calm before the storm as the streaming video company co prepares to report Q4 results after the be

U.S. grand jury indicts four Audi managers in 2019-01-17 18:37:34A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG's luxury Audi unit as part of the U.S. government's investigati

Trian to skip PPG board challenge after new 2019-01-17 18:24:52Trian Fund Management LP will not challenge PPG Industries Inc's board of directors at its 2019 shareholder meeting after the U.S. paints and coatin

Gulfport pledges share buybacks after hedge fund demand 2019-01-17 18:13:12Natural gas and oil firm Gulfport Energy Corp said it would buy back $400 million of shares on Thursday, just hours after a public demand to that effe

Hitachi debacle strengthens Franco-Chinese hand in UK nuclear 2019-01-17 17:41:54Hitachi's decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France's EDF and its Chinese partner in talks

Netflix: Down after co misses fourth-quarter revenue estimates 2019-01-17 17:34:40** Netflix's shares down 4.5 pct at $337.46 in extended trading - if losses hold on Friday, stock set for its biggest 1-day fall so far this year

Wall Street advances as industrials jump on trade 2019-01-17 17:26:12U.S. stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifte

L.A. Times - Business

Apple is said to plan hiring reductions amid 2019-01-16 18:40:00Apple Inc. will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the holiday quart

John Bogle, Vanguard founder who revolutionized investing with 2019-01-16 18:20:00John Bogle, who popularized the low-cost index-based mutual fund as founder of Vanguard Group Inc. and insisted that most stock-picking money managers

In blow to Los Angeles, SpaceX is moving 2019-01-16 17:30:00In a reversal of a deal local officials had touted as a win for Los Angeles tech, SpaceX will no longer be developing and building its Mars spaceship

Bank earnings lift stock indexes to small gains 2019-01-16 17:15:00Banks surged Wednesday following strong results from a slew of financial companies, and U.S. stock indexes finished broadly higher. Concerns about tra

Los Angeles County hosts a record 50 million 2019-01-16 17:15:00Marking the eighth year in a row of tourism growth, Los Angeles County hosted an estimated 50 million visitors in 2018, reaching a target milestone tw

Roku gave a platform reaching millions to Alex 2019-01-16 16:35:00At his parents' home in suburban Clarksville, Md., on Monday night, Daniel Madison and his brother were itching to see "Fyre Fraud," the new Hulu d

Huge financial industry merger comes amid tumult prompted 2019-01-16 16:15:00One of the biggest financial industry mergers in a decade comes amid tumult in the payments-processing business, which is being upended by a wave of s

T-Mobile executives were Trump hotel customers while seeking 2019-01-16 15:55:00Last April, telecom giant T-Mobile announced a mega-deal: a $26-billion merger with rival Sprint, which would more than double T-Mobile's value and g

Sears dodges another bullet as Eddie Lampert wins 2019-01-16 14:05:00Eddie Lampert, the dogged billionaire who has hitched his career and reputation to a fading American retail icon, will get another chance at reviving

The nation's largest banks enjoyed $111 billion in 2019-01-16 14:05:00The six biggest U.S. banks have never had a $100-billion year. Until now. Goldman Sachs Group, JPMorgan Chase and their peers have already reported mo

Millions of ‘Fortnite’ accounts were at risk of 2019-01-16 11:35:00A flaw in Epic Games Inc.’s hugely popular “Fortnite” put the accounts of millions of players at risk of malicious attack, researche

Supreme Court ruling gives truckers a victory and 2019-01-16 09:00:00A U.S. Supreme Court ruling clearing the way for drivers to sue trucking companies could have a major impact on the labor battle that has raged for ye

Economy

US import prices fall; year-on-year drop largest since 2019-01-16 08:31:00U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other g

Economist Ed Lazear: The stock market is the 2019-01-15 11:17:00"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed o

The White House thinks the shutdown will be 2019-01-15 08:32:00The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled.

'Not your grandmother's economy' — Cantor CEO Howard 2019-01-14 11:48:00The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.

Gundlach's warning on 'ocean of debt' adds to 2019-01-14 11:26:00Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem.

Yellen says economic uncertainty has prompted some retailers 2019-01-14 09:12:00Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.

OppenheimerFunds CIO: There won't be an economic recession 2019-01-14 09:09:00Growing positive sentiment between the U.S. and China recently bodes well for stocks, says OppenheimerFunds' Krishna Memani.

If the shutdown lasts two more weeks, the 2019-01-11 11:37:00It will only take another two weeks to cost the economy more than the $5.7 billion Trump demanded for the border wall.

US consumer prices drop for the first time 2019-01-11 08:30:00U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline.

Trump could take billions from disaster areas to 2019-01-11 07:38:00Under the proposal, Trump could dip into money set aside to fund civil works projects all over the country including storm-damaged areas of Puerto Ric

California Gov. Gavin Newsom pledges unemployment benefits to 2019-01-11 07:27:00California Gov. Gavin Newsom pledges the state will provide unemployment insurance benefits for furloughed workers impacted by the partial federal gov

Here's how lost furloughed federal worker paychecks could 2019-01-11 06:00:00Furloughed workers will lose over $2.2 billion in missed paychecks as the government shutdown enters day 21. The unemployment rate could jump a few t

NYT > Economy

Fed Ready to Pause on Interest Rate Increases 2019-01-09 17:33:08Fed minutes and comments by officials signal that the central bank will not raise rates at its next meeting, in January, and is unlikely to do so at t

China Offers Trump a Trade Peace Deal. It 2019-01-08 14:17:56Beijing’s proposed concessions may help both sides, but may not alleviate the tensions fueling its economic conflict with the United States.

Who Wants a Market Downturn? These Investors Actually 2019-01-06 19:32:22Some venture capitalists are rooting for a market dip to calm Silicon Valley’s overheated start-up scene.

As Big Retailers Seek to Cut Their Tax 2019-01-06 03:00:06If Walmart, Lowe’s and other companies win their property tax appeals, homeowners and small businesses will have to pay more or live with smalle

China Pours $218 Billion Into the Economy as 2019-01-04 23:19:21The Chinese central bank’s move is intended to send a signal that Beijing is ready to stem a slowdown that has darkened the global outlook.

Strong Hiring and Fed Chief’s Reassurance on Rates 2019-01-04 20:44:25A December gain of 312,000 jobs sent stocks up more than 3 percent, and the Federal Reserve chairman offered soothing words on the central bank’

Powell Says a ‘Patient’ Fed Is Watching for 2019-01-04 18:42:45Jerome H. Powell, the Federal Reserve chairman, also said that if asked to resign by President Trump, he would refuse.

Fed Chairman Powell to Markets: I Hear You 2019-01-04 18:08:04His message to investors seemed to repair the damage from his remarks two weeks ago.

U.S. Auto Sales Put Up a Big Number, 2019-01-03 20:25:39The industry sold more than 17 million vehicles for the fourth straight year. But it is relying more on fleet sales, and economic winds are not favora

Big Tech May Look Troubled, but It’s Just 2019-01-01 20:16:04Even as Facebook, Google and others confronted challenges in 2018, their ambitions were undimmed. After all, so much of life remains undisrupted.

‘I Have Seen Many Crises’: Steel Magnate Stands 2018-12-31 18:11:15Despite being hurt by inflation, a falling currency and import tariffs imposed by the Trump administration, Fuat Tosyali, a Turkish industrialist, pla

China’s State Media Finds Good News in Underwear 2018-12-28 13:56:49An unorthodox economic indicator points to an improving outlook in China’s rust belt. Economists are skeptical, but there are precedents for thi