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ABC News: Money

UK spy chief says West faces 'moment of New! 2021-04-23 08:59:47A U.K. spy chief says Western countries risk losing control of technologies that are key to internet security and economic prosperity to nations with

Tod's shares soar on $90.5m deal with French New! 2021-04-23 08:53:48LVMH CEO Bernard Arnault and Tod’s founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to

Dutch Supreme Court adviser: Reject Russia's Yukos appeal New! 2021-04-23 08:31:07A key legal adviser to the Dutch Supreme Court has recommended dismissing Russia’s appeal against the reinstatement of a $50 billion compensatio

AmEx sees drop in revenue as pandemic slows New! 2021-04-23 08:13:00American Express saw its first-quarter profits rise sharply, but the company saw a significant drop in revenue as fewer customers used their credit ca

Merkel defends lobbying for Wirecard on 2019 China New! 2021-04-23 07:34:31Germany Chancellor Angela Merkel has defended her lobbying for Wirecard during a 2019 visit to China

UK sees budget deficit rise to highest rate New! 2021-04-23 06:32:16Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II

Turkey detains dozens for alleged cryptocurrency fraud New! 2021-04-23 05:50:30Turkey's state-run news agency says police have detained 62 people as part of an investigation into a cryptocurrency exchange that is being accused o

China, global recovery boost profit at automaker Daimler New! 2021-04-23 04:49:00German car and truck company Daimler had a strong rebound in the first three months of the year

Global stocks mixed after Wall St falls on New! 2021-04-23 04:44:16Global stock markets are mixed after Wall Street declined following a news report that President Joe Biden plans to raise taxes on wealthy investors

Asia stocks mixed after Wall St falls on New! 2021-04-23 00:08:28Asian stock markets are mixed after Wall Street declined following a news report that President Joe Biden plans to raise taxes on wealthy investors

Airlines waiting for word from Boeing on fixing New! 2021-04-22 21:23:32Many new Boeing 737 Max jetliners are still grounded by an electrical problem in a backup power-control unit

Biden to restore California's power to set pollution New! 2021-04-22 19:15:32The Transportation Department is moving to reverse former President Donald Trump’s bid to end California’s ability to set its own auto pol

L.A. Times - Business

Found your dream California home? Don't dawdle — New! 2021-04-23 08:00:57Homes are flying off the market at a record pace thanks to a perfect storm: pandemic-induced demand for more space, low supply, and apps that make it

How Trump's zombie Facebook page became a weird New! 2021-04-23 08:00:47Frozen in time since the Jan. 6 insurrection, perhaps forever, Donald Trump's Facebook page lives on as an internet destination for #MAGA fans and #R

SpaceX launches astronauts to the International Space Station New! 2021-04-23 03:05:50SpaceX launches two NASA astronauts, a European astronaut and a Japanese astronaut to the International Space Station on a reused Crew Dragon capsule.

How did REI spend Earth Month? Glorifying a New! 2021-04-22 21:35:24REI says climate change is an existential threat. But it's helping Ford market the Bronco Sport.

Column: Biden wants to hike the capital gains 2021-04-22 17:46:43Wealthy Americans know the capital gains tax is their biggest loophole — and they won't give it up easily.

Will Arnett wants $8 million for Beverly Hills 2021-04-22 12:52:36A year after listing his modular Beverly Hills home for $11 million, actor Will Arnett has trimmed the price tag to $8 million.

FEMA can help cover funeral costs for people 2021-04-21 19:04:00If a family member or a loved one died of COVID-19 during the pandemic, you may be eligible to receive help paying for the funeral. Here's what you n

Column: Trump aides locked EPA scientists out of 2021-04-21 15:59:31The Trump administration sidelined EPA experts to facilitate a rollback of pollution rules.

Column: Peloton won't recall treadmill that killed a 2021-04-21 15:15:38Peloton's Tread+ treadmill has been blamed for the death of one child and injuries to dozens more. The company says it won't recall the machine.

Fashion designer Sue Wong lists her latest restoration 2021-04-21 12:57:59Fashion designer Sue Wong switched to designing a home for her latest project, and the 1920s villa near Griffith Park just listed for $6.2 million.

L.A. is in the middle of a chile 2021-04-21 10:00:46You can find a jar of chili oil on the tables at countless restaurants and noodle shops in the San Gabriel Valley, but in the last two years, Los Ange

'A feeding frenzy': Southern California home prices up 2021-04-21 08:00:14The region's median home price rose 15% in March, extending a pandemic-fueled housing boom. In L.A. County, the median price rose 17% to $750,000.

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