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EU says economic recovery threatened by COVID-19 resurgence

The European Union says the massive spike in COVID-19 cases in recent weeks is threatening the bloc's recovery from the deep economic slump caused byRead More

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ABC News: Money

Asian markets mixed as investors wait for U.S. New! 2021-12-09 00:38:38Asian stock markets are mixed as investors wait for U.S. inflation data that might influence the Federal Reserve’s decision on when to roll back

Food waste becomes California's newest climate change target New! 2021-12-09 00:22:38Banana peels, chicken bones and leftover veggies won't have a place in California trashcans under a mandatory residential food waste recycling progra

US orders arms embargo on Cambodia, cites Chinese New! 2021-12-09 00:15:30The U.S. has ordered an arms embargo on Cambodia, citing deepening Chinese military influence, corruption and human rights abuses in the Southeast Asi

Starbucks faces union test as worker votes are New! 2021-12-09 00:11:49A growing effort to unionize Starbucks stores is facing its first major test

What Elizabeth Holmes had to say at her New! 2021-12-09 00:08:00Once-lionized entrepreneur Elizabeth Holmes wrapped up seven days of testimony Wednesday in her criminal fraud trial, defending her actions as CEO of

Asian markets rise as investors wait for U.S. New! 2021-12-08 23:24:18Asian stock markets have followed Wall Street higher as investors wait for U.S. inflation data that might influence the Federal Reserve’s decisi

Crypto execs head to Capitol as Congress mulls New! 2021-12-08 22:28:32Cryptocurrency executives went to Capitol Hill Wednesday to say their fast-growing industry understands more regulation is likely coming, but they don

New COVID-19 antibody drug OK'd to protect most New! 2021-12-08 22:27:41U.S. officials have authorized a new COVID-19 antibody drug for people with serious health problems or allergies who can’t get adequate protecti

Senate rejects Biden's vaccine mandate for businesses New! 2021-12-08 22:14:08The Senate has narrowly approved a resolution to nullify the Biden administration’s requirement that businesses with 100 or more workers have th

Instagram head faces senators amid anger over possible New! 2021-12-08 20:04:21The head of Instagram, appearing before a Senate panel, met with deep skepticism over new measures the platform is adopting to protect young users nd

Elizabeth Holmes wraps up cross-examination New! 2021-12-08 17:43:52The defense team for fallen Theranos founder Elizabeth Holmes has rested its case in Holmes' criminal fraud trial, setting up several days of prepara

MacKenzie Scott won't say how much she's giving New! 2021-12-08 17:24:48In a blog post titled “No Dollar Signs This Time,” billionaire philanthropist MacKenzie Scott said she won’t reveal how much she has


Hiring was likely strong and employers boosted wages 2021-12-02 17:34:06Job growth was expected to have been strong in November, and employers continued to boost wages to attract workers in an incredibly tight labor market

Jobless claims less than expected as labor market 2021-12-02 10:00:29Initial claims for unemployment insurance were expected to total 240,000 for the week ended Nov. 27, according to economists surveyed by Dow Jones.

CEO survey taken before omicron emergence shows optimism 2021-12-01 10:58:19Strong consumer demand sparked a wave of CEO optimism about the economy over the next six months, the Business Roundtable said.

Mortgage refinance demand plunged 15% last week, but 2021-12-01 10:18:51Mortgage rates rose last week but turned around quickly on news of the omicron variant and comments by the chairman of the Federal Reserve.

Private payrolls post better-than-expected growth of 534,000 in 2021-12-01 10:16:53Private payrolls increased by 534,000 for the month, better than the Dow Jones estimate of 506,000 in a labor market that appears to be getting tighte

Here's why unemployment claims hit their lowest level 2021-12-01 09:26:46Claims for unemployment benefits are trending downward. A seasonal adjustment likely made the most recent data appear rosier than reality.

Home price gains slow down for the first 2021-11-30 18:50:44Home prices are still higher than a year ago, but the gains are now decelerating for the first time since the pandemic began.

Rolling back U.S.-China tariffs would ease inflation in 2021-11-30 01:43:23Eliminating tariffs imposed on goods during the U.S.-China trade war would help ease inflation in the U.S., former U.S. Treasury Secretary Jacob Lew s

Powell to tell Senate omicron variant poses downside 2021-11-29 18:44:31Fed Chair Jerome Powell believes that the omicron variant of Covid-19 and a recent rise in coronavirus cases pose a threat to the U.S. economy.

Biden hosts CEOs to discuss holiday shopping supply 2021-11-29 17:04:13President Joe Biden hosted the CEOs of several major retailers at the White House to discuss efforts to tackle global supply chain bottlenecks and inf

Pending home sales rebounded sharply in October, despite 2021-11-29 13:43:10Signed contracts on existing homes, so-called pending sales, jumped 7.5% from September, according to the National Association of Realtors.

The current inflation run is similar to other 2021-11-27 09:40:31Trying to find a historical parallel to the current run – and, thus, perhaps a way out – isn't easy.

NYT > Economy

United Auto Workers reformers prevail in vote to 2021-12-02 14:20:59Supporters of the change say it will curb corruption. A referendum on the question was required in a consent decree between the union and prosecutors.

How Omicron Could Knock Economic Recovery Off Track 2021-12-02 03:00:12The latest zigzag in the pandemic has already curtailed travel, but its broader impact on growth and inflation isn’t likely to be known for seve

Canada Goose workers vote to unionize in Winnipeg. 2021-12-01 21:27:53After a decisive election, about 1,200 employees of the parka maker will be represented by an affiliate of the Service Employees International Union.

Biden Projects Normalcy and Optimism as Omicron Poses 2021-12-01 19:54:53The president tried to convey holiday cheer as he celebrated Hanukkah and downplayed virus concerns as the variant was detected in California.

A Top Official Says the Fed Will ‘Grapple’ 2021-12-01 15:01:59The president of the New York Federal Reserve said Omicron could prolong supply and demand mismatches, causing some inflation pressures to last.

Powell Says Fed Could Finish Bond-Buying Taper Early 2021-12-01 12:38:23Jerome H. Powell said the Federal Reserve could end its bond-buying program sooner as inflation persists.

Supply Chain Problems Have Small Retailers Gambling on 2021-11-30 14:26:56Some independent stores ordered in bulk well in advance, and now are hoping they’re able to sell what they have.

‘Our Money Has No Value’: Frustration Rises in 2021-11-30 09:55:40President Recep Tayyip Erdogan’s insistence on directing monetary policy and sticking with low interest rates is draining confidence, economists

Supply-Chain Kinks Force Small Manufacturers to Scramble 2021-11-29 13:59:20Facing delays, shortages and higher prices for raw materials, small manufacturers are finding new sources. Not all are able to pass along the costs.

Supply Chain Shortages Help a North Carolina Furniture 2021-11-27 15:38:00The furniture capital of the state is ground zero for inflation, labor shortages, hot demand and limited supply. It’s debating how to cope.

The Holiday Shopping Season Is Here, but Is 2021-11-26 13:47:35Shoppers are returning to stores in much bigger numbers than last year, but the atmosphere is not quite as carefree as the prepandemic days of 2019.

Why Retailers Are Fighting a Vaccine Mandate Before 2021-11-25 20:24:56The Biden administration has called on major companies to help fight the pandemic. Big chains want to get past the holiday staffing crunch first.

L.A. Times - Business

Column: Should you pay an extra fee just 2021-12-07 09:00:38L.A. Pizza Hut customers are being hit with an extra charge to help recover "the increased cost of operations in the state of California."

Podcast: Now hiring! Formerly incarcerated people 2021-12-07 08:00:32Businesses long rejected applicants with criminal convictions. The current tight job market is changing things

Facing record labor shortages, trucking firms battle fiercely 2021-12-07 06:00:44Recruiters dangle fat pay increases and sign-on bonuses, but a big rig driver still gets little respect. It's a 'gold prison,' says one.

UC San Diego is selling the coastal home 2021-12-06 16:45:23Seven years after famed oceanographer Walter Munk donated his La Jolla home to UC San Diego, the school is putting it up for sale at $5.5 million.

Visiting Disneyland over the holidays? Use the new 2021-12-06 16:00:59The holiday season draws big crowds to Disneyland and California Adventure. These tips can help you make the most of your visit at a busy time.

Column: Has Biden moved to finally kill California's 2021-12-06 15:59:36The Cadiz water scheme has been a dead-project-walking for two decades. Biden may finally put it in the grave.

Should California have a $18 minimum wage? Voters 2021-12-06 09:00:13Joe Sanberg and other anti-poverty activists say California's current path to a $15 hourly minimum wage isn't enough given rising living costs.

Don't throw away money. What to do with 2021-12-03 14:38:36This year you may be able to roll over the unused money in your flexible spending account. But if not, here are ways to spend the balance.

Small businesses eat the cost of inflation: 'Keep 2021-12-03 10:19:17California's small businesses waded through COVID to a rebound in consumer spending, only to face rising costs for supplies and wages.

Publishing heiress asks $43 million for Bel-Air trophy 2021-12-03 09:00:19After buying a $48.67-million mansion this year, billionaire publishing heiress Taylor Thomson is asking $43 million for her Bel-Air estate.

'I need my girlfriend off TikTok': How hackers 2021-12-03 08:00:37Influencers can find fame and fortune on TikTok — but only if their videos stay up. Communities of online trolls and coders say they have tools

Is the ports logjam really getting better? The 2021-12-03 08:00:01Pointing to a 40% reduction in ships anchored off Los Angeles and Long Beach, port officials say new rules are helping with the supply chain backlog a

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Big Tech, chipmakers power Nasdaq as Omicron worries 2021-12-07 10:34:27Intel jumps on plans to list self-driving car unit while Merck slips on pausing enrollment in HIV-1 trials; travel shares join rebound

Proposed India bill banning crypto payments could mean 2021-12-07 10:25:25While no official data is available, industry estimates suggest there are some 15-20 mn crypto investors in India, with total crypto holdings of rough

Services at govt-run hospitals hit as resident docs' 2021-12-07 10:17:17Long queues of patients were seen outside government-run hospitals, including those in Delhi, as resident doctors boycotted routine services for the s

TRAI to telcos: Allow port out SMS facility 2021-12-07 10:07:34The Telecom Regulatory Authority of India took a strong note of telecom service companies not providing outgoing SMS facility in certain pre-paid vouc

India unseats Brazil as No.1 food supplier to 2021-12-07 10:04:18The Arab world is among Brazil's most important trade partners, but its distance from those markets took its toll as the pandemic rattled global logi

Panel orders immediate closure of NCR industries not 2021-12-07 09:48:25The Commission for Air Quality Management said violating industries will not be permitted to operate till December 12, 2021

Farm stir likely headed for final act as 2021-12-07 09:40:53A final call on the agitation and with it the blockade of roads will be taken at another round of meeting of the SKM on Wednesday at 2 pm, said some l

Covid LIVE: Kerala reports 4,656 new cases, 28 2021-12-07 09:00:37There are 40,072 active cases in the state

Spinny enters unicorn club with $283 mn fundraise 2021-12-07 09:00:02The latest round includes a primary capital infusion of $250 million and a secondary sale of $33 million by angels and a few seed stage investors

Rohingya refugees sue Facebook for $150 bn over 2021-12-07 08:51:58Lawyers filed a class-action lawsuit Monday in California saying Facebook's arrival in Myanmar helped spread hate speech, misinformation and inciteme

RIL firms up first investment in West Asia 2021-12-07 08:14:36RIL and TA'ZIZ launch a $2 billion chemical production partnership

SpiceJet to appeal winding up order by HC, 2021-12-07 07:44:14The Court on Monday ordered winding up of the airline on a petition filed by Credit Suisse over unpaid dues of $24 million

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