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Economy

ABC News: Money

Boeing costs for 737 Max jump, profit falls New! 2019-10-23 08:25:12Costs related to 737 Max rise for Boeing as it reports large profit shortfall

Anthem 3Q profit jumps 23%, helped by enrollment New! 2019-10-23 08:20:25Anthem 3Q profit jumps 23%, helped by enrollment gains

Pennsylvania's gas politics churn as Trump embraces industry New! 2019-10-23 07:54:31President Donald Trump is headed to Pennsylvania to promote the natural gas industry, making clear he sees his pro-industry policies as a boost to his

Stocks turn lower amid earnings reports, Brexit delay New! 2019-10-23 07:50:12Global markets have turned lower after more corporate earnings reports and as Brexit seemed due to be delayed yet again

UK prime minister mulls early election over Brexit New! 2019-10-23 07:36:42British Prime Minister Boris Johnson appears to be pushing for an early general election after Parliament blocked a fast-track plan to approve his Bre

Slowing global economy hits Caterpillar in 3Q New! 2019-10-23 07:28:58Squeeze is on at Caterpillar, which cut its outlook for the year after dealers slashed inventories.

Ukraine's president urges lawmakers to take polygraph test New! 2019-10-23 07:09:12Ukrainian President Volodymyr Zelenskiy has urged a group of lawmakers to take a lie detector test to show they are not involved in a widening corrupt

The Latest: Lawmaker urges EU to give UK New! 2019-10-23 07:06:12European Parliament President David Sassoli says European leaders should accept a Brexit extension that the British government has requested

Google touts quantum computing milestone New! 2019-10-23 06:37:55The firm said a processor completed a complex calculation in just minutes

Zuckerberg appears in Congress as Facebook faces scrutiny New! 2019-10-23 05:40:28Facebook CEO Mark Zuckerberg is appearing before Congress to defend the tech giant's global ambitions as scrutiny tightens over its massive market po

At Tokyo auto show, visions for cars of New! 2019-10-23 04:52:35At Tokyo auto show, visions for cars of the future, no Ghosn

Asian stocks follow Wall Street lower after mixed New! 2019-10-23 01:58:40Asian stocks follow Wall Lower after mixed corporate earnings., EU decision to consider allowing Britain to delay departure

Reuters: Business News

U.S. FAA must restore 'public confidence' in plane New! 2019-10-23 17:50:15The Federal Aviation Administration (FAA) must work to restore "public confidence" in aircraft certification efforts after two deadly Boeing 737 MAX

SoftBank clinches WeWork takeover deal, bailing out co-founder New! 2019-10-23 17:36:14SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 b

WeWork's Claure warns layoffs are coming New! 2019-10-23 17:35:36WeWork's new executive chairman Marcelo Claure wrote in a memo to employees on Wednesday that layoffs were in the works at the U.S. office-space shar

WeWork plans to lay off 4,000 staff - New! 2019-10-23 17:35:36Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put in place by top shareholder Japan's SoftBan

WeWork's new chairman defends payouts to founder, says New! 2019-10-23 17:35:36WeWork's new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company's founder Adam Neumann and said ther

Facebook's Zuckerberg grilled in U.S. Congress on digital New! 2019-10-23 17:35:15Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company's planned digital currency Libra was a "risky project," but sought to reass

Google unveils quantum computer breakthrough; critics say wait New! 2019-10-23 17:23:57Alphabet Inc's Google said on Wednesday it had achieved a breakthrough in computing research by using a quantum computer to solve in minutes a comple

China factory production key as Tesla reports third-quarter New! 2019-10-23 17:05:51Tesla Inc is conducting trial production runs at its new $2 billion China factory for the past several weeks and will sell some of the first cars fro

Explainer: Google hails 'quantum supremacy', but don't chuck New! 2019-10-23 17:04:28Researchers at Google say they have achieved 'quantum supremacy', in which a computer harnessing the properties of sub-atomic particles did a far be

Global stocks rise despite lackluster results; sterling creeps New! 2019-10-23 16:49:24World stock indexes climbed on Wednesday as investors brushed aside some earnings disappointments, while the British pound inched up as European Union

Wall Street ticks higher, but chip stocks tumble New! 2019-10-23 16:45:17U.S. stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar In

American drivers warming to self-driving cars - survey New! 2019-10-23 15:24:37About 40% of adult Americans drivers are leaning more to buying self-driving cars in the future as they look to snack, chat on their phone or catch up

L.A. Times - Business

Why Trump's tax reform cost one 'Gilmore Girls' New! 2019-10-23 08:00:31President Trump's 2017 tax reform legislation was meant to provide a tax cut to Americans, but it has had the opposite effect for many actors who can

Panic button measure in Rancho Palos Verdes draws 2019-10-22 20:10:26The owner of the Terranea resort in Rancho Palos Verdes has spent over $1 million to defeat a measure to give resort workers panic buttons and to incr

New L.A. ordinance slaps moratorium on evictions ahead 2019-10-22 19:40:36L.A.'s emergency moratorium on no-fault evictions stops landlords from booting tenants before new statewide rental rules take effect.

Former L.A. Sparks owner Paula Madison opts to 2019-10-22 16:25:00In Studio City, former L.A. Sparks owner and NBCUniversal executive Paula Madison is asking $5.199 million for her modern home in Fryman Estates.

Lourdes Hernández lists hip Mediterranean home in Los 2019-10-22 15:09:11Indie-folk singer and artist Lourdes Hernández listed her Mediterranean-style home in Los Feliz for sale at $1.885 million.

Craig T. Nelson seeks $14 million for 5-acre 2019-10-22 12:51:47Actor Craig T. Nelson has listed a roughly five-acre estate on the North Shore of Kauai for sale at $14 million.

Carbon38 co-founder Katie Warner Johnson is disrupting activewear 2019-10-22 11:02:32The brand began in Katie Warner Johnson's studio apartment. With support from Foot Locker, Carbon38 is going after male-led Nike, Under Armour, Adida

First look: Kawhi Leonard's New Balance ad takes 2019-10-22 10:00:18Viewers of the Lakers-Clippers broadcast on Tuesday will see a New Balance ad featuring Clippers star Kawhi Leonard.

Column: A brilliant economist diagnoses the U.S. healthcare 2019-10-22 09:00:45The late Uwe Reinhardt, in a final, posthumous book, explains everything you need to know about our dysfunctional healthcare system.

California ditched coal. The gas company is worried 2019-10-22 09:00:12Southern California Gas is engaged in a wide-ranging campaign to preserve the role of its pipelines in powering society.

What if a delivery drone falls on your 2019-10-22 08:00:58Google sibling Wing just launched commercial drone delivery in the U.S., and other companies are pursuing it. Questions about privacy, noise and liabi

Column: Van Nuys woman wins $750,000! Except for 2019-10-22 08:00:15Sweepstakes and lottery scams are growing more sophisticated. Here's what you need to know.

Economy

GM strike pushed US factory output down 0.5% 2019-10-17 09:35:00U.S. factory output slumped 0.5% in September, as a strike at General Motors caused a steep decline in auto production amid broader struggles for manu

US weekly jobless claims rise modestly 2019-10-17 08:31:00The weekly jobless claims data suggested the labor market continues to tighten despite slowing hiring and economic growth.

US housing starts fall from a 12-year high 2019-10-17 08:30:00U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month.

Fed's Evans says no more rate cuts are 2019-10-16 10:45:00The Chicago Fed president says that policy is probably appropriate given an economy that is softening but still in good shape.

US retail sales unexpectedly decline in a sign 2019-10-16 08:30:00Retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies and online purchases.

Weekly mortgage refinance applications rise, even as home 2019-10-16 07:00:00Mortgage interest rates rose last week, but that didn't throw any cold water on the mini-refinance boom that's been going on for the last month.

'Awfully high' risks of a global recession in 2019-10-16 02:01:00"Even if we don't have a recession ... I think it's pretty clear that we're going to have a much weaker economy," says Mark Zandi.

IMF says trade war will cut global growth 2019-10-15 09:07:00The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned

Fed's Bullard warns risks remain high and US 2019-10-15 06:00:00St. Louis Federal Reserve Bank President James Bullard said global trade and other risks remain high for a U.S. economy that may slow more sharply tha

Larry Summers: US economy is just one bad 2019-10-14 12:50:00"I fear that's what we're headed into" here in America, warns the former Treasury secretary.

Millennials are about to trigger a major 'changeover 2019-10-14 07:17:00U.S. adults aged between 21 and 38 years old will prioritize "necessity spending" over the next decade, Bill Smead told CNBC on Monday.

Do you know what a recession is? Here's 2019-10-11 11:28:00Not all economists agree that GDP is the best way to measure the economy.