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Economy

ABC News: Money

Japanese businessmen brighten makeup industry amid pandemic New! 2021-04-20 08:55:07The coronavirus pandemic has been pushing many businesses in Japan to the edge, but some in the men's makeup industry have seen an unexpected expansi

Apple signals return of right-wing 'free speech' app New! 2021-04-20 08:53:31Apple said it has an agreement to reinstate Parler, the social network popular with supporters of former President Donald Trump it kicked off its app

CN makes $33.7B bid for Kansas City Southern New! 2021-04-20 08:53:08A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway

Should states set pot policy by its potency? New! 2021-04-20 08:52:42A debate about whether to set marijuana policy based on potency is spreading as more states legalize cannabis

Pandemic puts tulips, bluebells, cherry blossoms in hiding New! 2021-04-20 08:51:35There is no stopping flowers when they bloom, blossoms when they burst

Johnson & Johnson Q1 profit, sales jump, beat New! 2021-04-20 08:40:30Big jumps in sales of prescription drugs and medical devices helped Johnson & Johnson boost first-quarter profit nearly 7%, blowing past Wall Stre

Pandemic causes decline in Czech beer consumption New! 2021-04-20 08:03:13The coronavirus pandemic has badly affected beer drinking in the Czech Republic, the nation with highest average beer consumption in the world

Restaurants, delivery apps still at odds as demand New! 2021-04-20 07:20:39Diners got used to delivery during the pandemic, and the habit may stick long after dining rooms reopen

UK job figures show young hardest hit by New! 2021-04-20 05:24:33The number of workers on U.K. corporate payrolls dropped by 0.2% in March as young people were hardest hit by coronavirus restrictions that closed bar

Many global stocks lower after Wall St. decline New! 2021-04-20 05:17:31Major global stock markets are mostly lower after Wall Street pulled back from record highs

EU expands sanctions against Myanmar military, companies New! 2021-04-20 03:27:51The European Union has expanded its sanctions against Myanmar's military leaders and army-affiliated companies in response to violence unleashed on p

Apple to host virtual iPad event, may hint New! 2021-04-20 02:59:17Many of us may be suffering from virtual event fatigue after a year of video calls

L.A. Times - Business

LeBron James' former Miami mansion, with space for 2021-04-19 15:46:12On the Florida coast, a three-story home owned by LeBron James when he played for the Miami Heat just sold for $12.75 million.

Column: Employers say lavish unemployment checks make it 2021-04-19 14:45:52Restaurants say people are refusing to work because unemployment benefits are so good. You should be skeptical.

Sumner Redstone's Beverly Park estate surfaces for sale 2021-04-19 14:24:49In famed Beverly Park, the longtime estate of late media mogul Sumner Redstone is on the market for $27.9 million.

Steven Seagal offers up his bulletproof compound in 2021-04-19 09:00:51In Scottsdale, Ariz., actor Steven Seagal is seeking $3.4 million for his desert retreat lined with bulletproof glass.

Apps help theme parks boost their COVID safety 2021-04-17 09:30:17Disneyland and other theme parks are reopening with pandemic safety protocols, many of which lean heavily on tech.

California hospitality workers laid off during COVID-19 pandemic 2021-04-16 20:00:13Senate Bill 93 requires employers in hospitality and business services industries to offer new positions for similar work to employees laid off during

California is 'clawing back' from pandemic recession. But 2021-04-16 14:54:45Some 40,000 California workers quit the labor force in March, pulling the unemployment rate down slightly to 8.3% but feeding stubborn joblessness.

Column: A Trump-era attack on Planned Parenthood and 2021-04-16 12:03:54President Biden will revoke a Trump administration gag rule that deprived Planned Parenthood of federal Title X funding.

Former Starz, HBO chief Chris Albrecht sells Palisades 2021-04-16 09:00:41Media executive Chris Albrecht just sold his Pacific Palisades home for $16.25 million, the community's third-priciest sale this year.

Column: An 800% markup for blood work? It's 2021-04-16 09:00:31A cancer patient paid about $200 for blood tests at a doctor's office and nearly $2,000 for the same tests at a Los Angeles hospital. This is nuts.

Robotic alley cats? Universal's 'The Secret Life of 2021-04-16 09:00:29I love this ride. 'The Secret Life of Pets' is a celebration of old-fashioned theme park storytelling, where atmosphere trumps the desire to re-enac

Tobacco giant Philip Morris sees a future without 2021-04-16 08:00:22Philip Morris International America CEO Martin King on how the cigarette giant is preparing for a future when no one smokes.

Economy

The economy is running on a stimulus-fueled caffeine 2021-04-15 07:02:38The path beyond this rocket-fueled year looks far less clear.

Jamie Dimon says U.S. consumers are 'coiled, ready 2021-04-14 19:35:34Many Americans have received three rounds of stimulus checks and enhanced unemployment benefits since the pandemic began, helping forestall a wave of

'When is the housing market going to crash?' 2021-04-13 13:24:36Google reported last week that the search "When is the housing market going to crash?" had spiked 2,450% in the past month.

Consumer prices rise more than expected, pushed by 2021-04-13 10:03:32The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor.

The third round of stimulus checks helped, but 2021-04-12 13:45:13While the number of Americans going hungry and unable to pay their bills fell last month, new data shows that millions are still struggling. 

Powell says it's 'highly unlikely' the Fed will 2021-04-12 07:04:51"I think it's highly unlikely that we would raise rates anything like this year," Powell told CBS' "60 Minutes."

Fed Chair Powell says economy about to grow 2021-04-11 14:51:33The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Jerome Powell said.

Weekly jobless claims higher than expected 2021-04-08 11:18:57Jobless claims totaled 744,000 for the week ended April 3, well above the Dow Jones estimate of 694,000 and the previous week’s 728,000.

U.S. confident vast majority of developed nations will 2021-04-07 18:17:13Adeyemo said the White House's broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.

Fed's Brainard says the economy is improving but 2021-04-07 17:52:20Brainard said that while the U.S. economic outlook has "brightened considerably," it remains well away from the central bank's goals.

Fed officials say easy policy will stay in 2021-04-07 17:37:12Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation.

Jamie Dimon says economic boom fueled by deficit 2021-04-07 12:36:15While he is bullish for the economy's immediate future, he sees serious challenges for the U.S., thanks to political and societal dysfunction.

NYT > Economy

Covid-19 Pushes India’s Middle Class Toward Poverty 2021-04-16 08:53:05The pandemic sent 32 million people in India from the middle class last year. Now a second wave is threatening the dreams of millions more looking for

China’s First-Quarter Growth Is Expected to Boom on 2021-04-16 08:21:11The world’s traditional growth engine reported an 18.3 percent leap in the first quarter. But consumers and small businesses aren’t fully

What Will Happen to All the Empty Office 2021-04-16 05:00:23Commercial real estate has been hit hard by the pandemic, but there are plans to convert some of the now empty spaces into apartment buildings.

Unemployment Is High. Why Are Businesses Struggling to 2021-04-16 05:00:23Health concerns, expanded jobless benefits and still being needed at home are among the reasons would-be workers might be staying away.

Signs of Economic Hope Are Growing, Some With 2021-04-15 19:14:29Soaring retail sales and a sharp drop in jobless claims are the latest reflection of a quickening recovery and suggest a year of remarkable growth.

John Williamson, 83, Dies; Economist Defined the ‘Washington 2021-04-15 17:21:27A careful pragmatist, he regretted the way his term, aimed at developing countries, was misinterpreted by free-market ideologues and anti-globalizatio

Biden Takes On Sagging Safety Net With Plan 2021-04-15 11:24:59The proposal to spend $400 billion over eight years faces political challenges and a funding system not designed for the burden it has come to bear.

Week’s unemployment claims fall to lowest level of 2021-04-15 11:22:40Applications for jobless claims have been stubbornly high for months, but reopenings have bolstered confidence in a dynamic recovery.

Voters Like Biden's Infrastructure Plan; Taxes Are an 2021-04-15 05:00:15A Times poll shows large majorities back spending on roads, ports, broadband and more. But Republicans aim to make corporate tax increases the issue.

Hundreds of Companies Unite to Oppose Voting Rights 2021-04-14 07:36:43Amazon, Google, G.M. and Starbucks were among those joining the biggest show of solidarity by businesses over legislation in numerous states.

NYC Retail Zones: Midtown Has Been Empty, but 2021-04-13 22:06:39Shopping locally has helped foot traffic in some commercial districts across the city return almost to prepandemic levels.

The Biden Administration Is Quietly Keeping Tabs on 2021-04-13 19:27:02A monthslong effort to monitor and model economic trends inside the White House and the Treasury Department found little risk of prices spiraling upwa