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Economy

ABC News: Money

December wholesale prices up 0.3% with sharp jump 2021-01-15 09:08:11U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June

U.S. retail sales fell in December for 3rd 2021-01-15 09:04:32Retail sales fell for a third straight month, as a surge in virus cases kept people away from stores during the holiday shopping season

Wells Fargo 4Q profit rose 4%, tops Street 2021-01-15 08:53:31Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak

Citigroup 4Q profit down 7%, revenue drops by 2021-01-15 08:40:30Citigroup Inc. says earnings for the fourth quarter of 2020 fell 7% to $4.63 billion

Germany approves resuming Russia gas pipeline work 2021-01-15 08:36:57German authorities have given permission for work to resume on a subsea pipeline bringing natural gas from Russia

JPMorgan's profits jump as economy, investment bank recovers 2021-01-15 08:05:08JPMorgan Chase & Co., the nation’s largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firm&rs

Another recession looms for UK economy as lockdowns 2021-01-15 07:07:03The British economy looks set to fall back into recession after official figures showed that it shrank by 2.6% month-on-month in November, when much o

Asian shares follow Wall St lower as traders 2021-01-15 05:30:17Asian shares have declined after a worse-than-expected U.S. jobs report and late slide in several Big Tech stocks left major indexes lower on Wall Str

Xi asks Starbucks' Schultz to help repair US-China 2021-01-15 03:19:15President Xi Jinping has asked former CEO Howard Schultz of Starbucks, one of the most prominent American brands in China, to help repair U.S.-Chinese

Asian shares mixed following Biden speech, Wall St 2021-01-14 23:13:16Asian shares are mixed after a late slide in several Big Tech stocks left major indexes lower on Wall Street

Most major US airlines ban guns in luggage 2021-01-14 21:51:00Airlines say they are stepping up security on flights to Washington before next week’s inauguration of President-elect Joe Biden

Instacart, others push incentives to get workers vaccinated 2021-01-14 19:32:45As vaccinations continue across the U.S., some companies are offering financial incentives to encourage their workers to get the shots

L.A. Times - Business

Hot Property: Trevor Noah buys a $27.5-million mansion New! 2021-01-16 08:30:03From one modern mansion to another, 'The Daily Show' host Trevor Noah recently dropped $27.5 million on an 11,000-square-foot Bel-Air showplace.

Disneyland killed its annual pass program. Why, and New! 2021-01-16 08:00:49For Disney, ending the annual pass program might be "a blessing in disguise," a theme park expert says: Now the company can revamp the program to bo

Home of the Week: A Bel-Air showplace atop New! 2021-01-16 08:00:33A modern mansion above the Bel-Air Country Club combines massive living spaces and sleek amenities. Asking price: $38.5 million.

How the far right embraced a site started New! 2021-01-16 08:00:04Jeff Brain helped lead the 2002 San Fernando Valley secession movement. Now he's built CloutHub, a refuge for Trump supporters alienated by Twitter.

Russell Simmons seeks $5.5 million for New York 2021-01-15 19:12:44Three years after selling his L.A. home, embattled entrepreneur Russell Simmons is trying to unload his New York condo for $5.5 million.

Column: Confronting a racist past, Caltech will excise 2021-01-15 17:36:54Having traveled the difficult road of coming to terms with racism in its own past, Caltech on Friday said it would remove the names of Robert A. Milli

Dwyane Wade and Gabrielle Union trim Sherman Oaks 2021-01-15 16:21:57Former NBA star Dwyane Wade and actress Gabrielle Union just relisted their Mediterranean mansion in Sherman Oaks for $6 million.

Column: Scores of billionaires supported Trump, showing the 2021-01-15 14:17:05The billionaires who funded Trump's politics got their money's worth.

Beyond Meat signs a big lease. The rest 2021-01-15 10:46:11The COVID pandemic hurt the office leasing business, which in Los Angeles County had a tougher year in 2020 than during the worst of the Great Recessi

Some workers don't want a COVID-19 vaccine. Can 2021-01-15 09:00:11Many teachers, grocers and even some hospital employees are wary of the COVID-19 vaccine and don't want it. The question of mandatory vaccine require

Encino compound with Jackson 5 ties sells for 2021-01-15 09:00:08Marlon Jackson's former home in Encino, where the Jackson 5 recorded music, just sold for $3.45 million.

What will become of the Trump brand after 2021-01-15 08:00:38There's always a danger in tying a company's brand to a celebrity. For the Trump Organization, there may be no recovering from the toxic association

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.

Weekly jobless claims unexpectedly rise, hit highest level 2020-12-17 09:53:17Jobless claims unexpectedly rose as lawmakers struggle to push through additional coronavirus stimulus measures.

Fed commits to keep buying bonds until the 2020-12-16 15:38:16The Federal Reserve made a key adjustment in its efforts to support the economy, while upgrading its outlook for growth.

Fed raises its economic outlook slightly, sees 4.2% 2020-12-16 15:00:53The central bank now expects real gross domestic product to fall just 2.4% in 2020, compared to the decline of 3.7% predicted in September.

Homebuilder confidence drops from record high as rising 2020-12-16 10:17:48Homebuilder confidence in the single-family housing market pulled back in December. Builders say they are concerned that buyers are feeling shock.

NYT > Economy

When Can I Apply for a P.P.P. Loan? 2021-01-08 16:46:59A small group of lenders that focus on underserved borrowers will get priority when the Paycheck Protection Program resumes.

Fed Officials Debated Rate Liftoff in 2015, Offering 2021-01-08 14:24:11The Federal Reserve raised rates from near zero in 2015. The discussion back then — and developments since — will inform their future poli

Chinese Solar Companies Tied to Use of Forced 2021-01-08 13:47:50A new report shows some of the world’s biggest solar companies work with the Chinese government to absorb workers from Xinjiang, programs that a

The December Numbers Were Awful, but the Economy 2021-01-08 10:46:55Among the reasons for optimism: the prospect of widespread vaccination, and a Congress more open to stimulus spending.

Biden Selects Heads of Labor, Commerce and Small 2021-01-07 22:14:39With his victory secured, the president-elect moved to fill out his economic team.

After Riot, Business Leaders Reckon With Their Support 2021-01-07 18:36:09Many in corporate America endorsed the president’s economic policies, which were good for them and gave him mainstream business credibility. It

Unemployment Claims Show Continuing Pressure on Job Market 2021-01-07 17:38:28Employers remain cautious about hiring, one economist says, “but the resurgence of the virus is really the main culprit.”

Biden Picks Gina M. Raimondo for Commerce Secretary 2021-01-07 16:37:43The incoming administration will select Gina M. Raimondo, a moderate Democrat, to guide a sprawling department critical to business and technology.

Federal Reserve Officials Fretted Over Covid Surge at 2021-01-06 15:27:18Minutes from the central bank's December gathering show that the chair, Jerome H. Powell, and his colleagues were hoping for a 2021 rebound.

Here Are the 8 Chinese Apps Trump Banned 2021-01-06 05:38:24The White House took a surprise parting shot at China on Tuesday by banning the popular Chinese payment service and other applications.

The Pandemic Sank Auto Sales. Vaccines Could Bring 2021-01-05 18:15:35Carmakers say new models should also help lift the industry in 2021, after a 15 percent decline in its slowest year since it recovered from the Great

New York Real Estate Begins Its Recovery 2021-01-05 09:19:24Real estate sales picked up in the final months of 2020, but not enough to make up for the shutdown in the early months of the pandemic.