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Reuters: Business News

Former Tesla bull makes $10 worst case call New! 2019-05-21 14:04:51One of Tesla's former biggest supporters on Wall Street said on Tuesday the electric carmaker's shares could fall to $10 from nearly $200 now, if te

Oil steady as U.S.-Iran tensions support prices, trade New! 2019-05-21 14:01:40Oil futures were flat on Tuesday as the prospect of U.S.-Iran tensions disrupting supply was offset by concerns that a drawn-out trade war between Wa

Fed officials see past inflation misses as trouble New! 2019-05-21 13:55:01In discussing the best way to manage the U.S. central bank's 2 percent inflation goal, Federal Reserve officials are considering strategies that may

U.S. garlic growers profit from trade war as New! 2019-05-21 13:38:18Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump's latest ec

VW truck brand to invest $344 million in New! 2019-05-21 13:29:38Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo

U.S. senators urge Volkswagen to end delay in New! 2019-05-21 13:24:32Three Democratic U.S. senators on Tuesday questioned a decision by Volkswagen AG's U.S. unit to delay a union election for workers at its Tennessee a

Huawei launches new Honor phones, doesn't mention Android New! 2019-05-21 13:23:08Huawei launched its new Honor 20 series smartphones in London on Tuesday in a presentation that emphasized the Chinese company's technology but made

Tech stocks pull Wall Street higher as U.S. New! 2019-05-21 13:16:09Technology stocks fueled a rebound on Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies, raising

McDonald's faces 25 new sexual harassment complaints from New! 2019-05-21 13:15:20McDonald's Corp was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating agai

Global stocks rally as U.S. eases Huawei restrictions New! 2019-05-21 13:12:59The dollar rose and global equity markets advanced on Tuesday, led by chipmakers and companies exposed to Asia, after the United States temporarily ea

Kohl's chops profit forecast after dismal first quarter, New! 2019-05-21 12:48:36Kohl's Corp cut its full-year profit forecast and reported lower-than-expected quarterly results as the department store chain sold fewer full-price

J.C. Penney sales fall short, net loss doubles; New! 2019-05-21 12:48:31Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its app

L.A. Times - Business

Stocks slide broadly, led down by technology shares 2019-05-20 14:10:00Technology companies led a broad slide in stocks Monday on Wall Street, extending the market’s losses into another week. The U.S. decision to ba

California Inc.: China accelerates plans for self-driving cars 2019-05-20 08:00:00Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I'm Business columnist David Lazarus, and here's a rundown of

Top U.S. tech companies begin to cut off 2019-05-19 23:45:00Top U.S. corporations including chipmakers and Google have frozen the supply of crucial software and components to Huawei Technologies Co., complying

Ryan Disraeli’s TeleSign helps prevent online fraud, one 2019-05-19 07:00:00Ryan Disraeli, 31, is one of the three co-founders of TeleSign, a Marina del Rey company that provides user identification software for things such as

Here’s a case where taking retirement funds early 2019-05-19 06:00:00Dear Liz: My wife and I are both retired and receiving annuity payments. In addition, we have about $1.3 million in traditional IRAs and $350,000 in a

Price hikes from rising tariffs loom ahead of 2019-05-19 06:00:00Major retailers are sounding the alarm: The U.S.-China trade battle could be coming to a mall near you in the form of higher prices in time for the ba

Disneyland’s Sleeping Beauty Castle reappears with vibrant colors 2019-05-18 11:00:00Sleeping Beauty Castle, the centerpiece of the Disneyland park in Anaheim, has been undergoing a makeover for the past four months, a job that blocked

Fast-food workers get a new perk: finish a 2019-05-18 10:00:00Workers at Church’s Chicken, Pizza Hut and Checkers can now get expedited pay as U.S. restaurants grapple with a labor shortage that’s not

A diabetes patient hurt by a do-it-yourself pancreas 2019-05-18 10:00:00The U.S. Food and Drug Administration warned diabetics against building their own artificial pancreas system to help control blood sugar levels after

Riot Games keeps requiring arbitration in sexual harassment 2019-05-17 18:55:00Riot Games will still require employees to go through arbitration with the company — rather than a trial — over complaints of sexual haras

Stocks wobble, finishing S&P 500’s second down week 2019-05-17 18:15:00Stocks on Wall Street fell broadly Friday as investor jitters over the heated U.S.-China trade war overshadowed encouraging developments in conflicts

California gains 46,000 jobs as unemployment stays near 2019-05-17 18:15:00The California economy surged forward in April as employers added 46,000 net jobs and unemployment held steady at 4.3%, near a record low, according t

Economy

Here's what to do if the US-China trade 2019-05-20 09:08:00The trade war with China and rising pressure on manufacturers and retailers are bringing a new worry: layoffs. Here's how to manage if you lose your

Atlanta Fed President Bostic does not see a 2019-05-20 08:42:00Bostic expressed confidence in the economy, and in the Fed's position on monetary policy, during an interview Monday with CNBC.

China is in 'no rush' to restart trade 2019-05-20 08:05:00Beijing is in "no rush" to resume trade talks between the U.S. and China.

Three states just set new lows for unemployment 2019-05-17 11:23:00Vermont's 2.2%, Pennsylvania's 3.8% and Wisconsin's 2.8% set new lows for state unemployment rates.

US consumer sentiment surges to highest level in 2019-05-17 10:00:00The optimistic consumer outlook was mostly recorded before U.S.-China trade deliberations soured earlier this month.

Trump administration will delay auto tariffs for up 2019-05-17 08:38:00The White House had to decide by Saturday whether to slap tarifffs on autos over what it calls national security concerns.

China accuses the US of 'bullying behavior' 2019-05-17 07:47:00"China always believes that raising tariffs is not a solution to the trade frictions," a Chinese Ministry of Commerce spokesperson says.

US recession risk rises as US-China trade tensions 2019-05-17 07:21:00Over the last month the U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters.

Credit card rates are now at their highest 2019-05-16 15:52:00It costs more than ever to pay with a credit card, which could be a drag on economic growth.

US housing starts rose more than expected in 2019-05-16 08:31:00U.S. housing starts were expected to total 1.205 million in April, up from the 1.139 million starts reported for the previous month.

US weekly jobless claims fall more than expected 2019-05-16 08:30:00First-time claims for state unemployment benefits were expected to total 220,000 for the most recent week, down from the 228,000 claims reported for t

The Atlanta Fed's GDP forecast is sliding, and 2019-05-15 13:58:00The Atlanta Fed's GDPNow tracker is pointing to a 1.1% gain in Q2. Markets expect a Fed rate cut as soon as September.

NYT > Economy

The Economy Is Strong and Inflation Is Low. New! 2019-05-21 16:16:30The Fed’s struggle to coax inflation to its 2 percent target signals the faltering of a foundational economic relationship. That could create a

Trump Team Vets Fed Critic for Board Seat New! 2019-05-21 15:05:32Judy Shelton, a longtime Fed critic who favors gradually taking interest rates to zero, is being considered for a seat on the board of governors.

In a Surprise, Japan’s Economy Grew in the 2019-05-20 01:53:04But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.

With Interest: The Week in Business: A Facial 2019-05-18 13:57:27Also: Worries about another war, and the continuing crisis at Boeing.

U.S. Birthrate Drops 4th Year in a Row, 2019-05-17 10:05:06The birthrate hit a 32-year low and the fertility rate reached a record low in 2018, bringing the United States more in line with other wealthy countr

The New New World: In China, Some Fear 2019-05-16 06:09:26As the trade war with the U.S. threatens to decouple the world’s two largest economies, some in China argue that the two sides benefit from the

White House Reassesses Auto Tariffs as It Focuses 2019-05-15 19:57:18A potential thaw in trade relations with Canada, Mexico and Europe comes as tension between the United States and China grows.

Alice M. Rivlin, 88, a Leading Government Economist, 2019-05-15 11:19:52She was the founding director of the Congressional Budget Office, budget director under Bill Clinton and vice chairwoman of the Federal Reserve.

Uber Drivers Are Contractors, Not Employees, Labor Board 2019-05-14 23:33:59The National Labor Relations Board’s position is a setback for drivers who had hoped to join forces to push for better pay and working condition

With Higher Tariffs, China Retaliates Against the U.S. 2019-05-13 12:35:43Beijing’s matched the Trump administration’s de facto delay in collecting the new tariffs, giving both sides breathing room to reach a dea

U.S.-China Trade Talks Stumble on Beijing’s Spending at 2019-05-12 20:31:37As the trade war intensifies, Chinese subsidies for homegrown industries present a difficult obstacle to reaching a deal.

U.S.-China Trade Standoff May Be Initial Skirmish in 2019-05-11 19:08:51The United States is wary of China’s growing role in the global economy and its tactics for getting ahead. China sees some of the demands as inf

Business - The Huffington

Balloon Pops On 45 Party City Stores Amid 2019-05-10 18:26:26The company blames the closures on "market and economic changes that naturally arise in the business.”

U.S. Hikes Import Taxes On $200 Billion Of 2019-05-10 01:21:34Beijing has already vowed to retaliate, escalating a battle over China’s technology ambitions and other trade strains.

Amazon Faces Another Claim It Discriminated Against Workers 2019-05-09 15:55:51Three Muslim employees have filed a federal complaint with the Equal Employment Opportunity Commission.

Amazon Allegedly Fired 7 Pregnant Warehouse Workers For 2019-05-07 12:01:21A new CNET report surfaced several lawsuits filed against Amazon alleging that the tech giant failed to accommodate the workers' needs and later fire

Muslim Man Was Fired When He Spoke Up 2019-05-04 05:45:17"I know you’re a Muslim and I will do my best to treat you right," Wali Omarkheil's manager allegedly told him during their first meeting.

United Blocks Cameras Installed In In-Flight Entertainment Months 2019-04-26 20:21:13The company says the cameras are disabled and were installed on the in-flight screens as a standard feature by the manufacturer.

Elon Musk, SEC Settle Dispute Over Telsa CEO's 2019-04-26 17:49:39Musk is now required to get prior approval from Tesla’s legal counsel for public statements, including tweets, about the company’s finance

Facebook Expects FTC Fine Could Hit $5 Billion 2019-04-24 17:24:27A Federal Trade Commission investigation into possible privacy violations could yield a steep fine.

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India's drug regulator warns patients against faulty Medtronic 2019-05-20 13:33:05India's CDSCO has advised patients to seek immediate medical assistance if they feel dizzy, light-headed, severe short breath or loss of consciousnes

US, China trade war will push world towards 2019-05-20 13:18:58Reserve cut US interest rates back to zero within a year if the world economy heads to recession, says Morgan Stanley.

Kamal Nath says he is ready for floor 2019-05-20 12:42:28He said the BJP was talking about instability of the Congress-led government as it wanted to save itself from getting "exposed" on its erstwhile cor

From McAloo to Egg Wrap, McDonald's drops several 2019-05-20 10:50:59Besides, the menu boards, tray mats, and packaging have a new design to be consistent with McDonald's simple, modern brand identity

India adopts new standards for measuring kilogram, kelvin, 2019-05-20 10:45:34Over 100 countries have adopted the metric system of measurements, also known as the International System of Units (SI), which has been in practice si

Investor wealth soars Rs 5.33 trillion as exit 2019-05-20 10:36:29In the forex market, the rupee strengthened and was trading higher by 58 paise to 69.65 against the dollar

Young and unsettled: Millennials and Gen Z pessimistic 2019-05-20 09:46:42Only about half of both groups aspire to purchase a home, and even fewer desire to start a family, says Deloitte survey.

Amitabh Bachchan is most trusted celebrity; Virat leads 2019-05-20 09:20:45The Most Trusted Personality 2019 report lists the most trusted individuals across three different fields

Amul hikes milk prices by Rs 2/ltr in 2019-05-20 08:46:28Prices will go also up in Gujarat, West Bengal, Kolkata, Uttaranchal, Maharashtra, and other places.

BJP to meet allies, discuss new govt after 2019-05-20 08:18:26Party president Amit Shah will hold discussions with National Democratic Alliance Partners at BJP HQ in Delhi.

ArcelorMittal tells NCLAT it will pay Rs 42k 2019-05-20 07:43:12The debt-ridden Essar Steel has alleged foul play, saying that vital facts have been suppressed by ArcelorMittal which would have rendered them inelig

Sensex vaults 1,422 pts, most in 10 years, 2019-05-20 06:37:09All that happened in the markets today

Insider.pro

Reuters: Banks to Invest $50M in Blockchain-based Digital 2019-05-20 13:46:29 It's expected that the project will go live in 2020.

Google, Intel and 3 Other US Companies Stop 2019-05-20 08:30:00 Google and four chip makers have suspended their cooperation with the Chinese tech giant.

New CoinFly mining system: Cryptocurrency mining has never 2019-05-20 07:30:00 The new CoinFly solution enters the market: an all-in-one mining system, made by miners and for miners.

Tokens Released through Binance Launchpad Post Enormous Gains 2019-05-20 06:30:00 Binance CEO has said that the tokens released through the platform are registering an outstanding performance.

WhatsApp Allows its Users to Send and Receive 2019-05-20 05:00:00 From now on, the users of the messaging app can send and receive Bitcoins.

OKEx Launches TRON Futures Trading 2019-05-19 11:25:39 The trading will be available from 08:00 May 20, 2019 (CET, UTC+1).

Facebook Opens Blockchain-focused Firm in Switzerland 2019-05-18 16:51:24 According to Reuters, Libra Networks (Facebook's secret crypto project), with Facebook Global Holdings as stakeholder, was registered in Geneva on M

Bitfinex Will Launch Trading of Its Token on 2019-05-18 11:51:55 The token, which is a utility token, at the heart of the iFinex ecosystem, will be issued by Unus Sed Leo Limited, a British Virgin Islands company l

Grayscale Investments: Bitcoin is Still in Its Infancy 2019-05-18 10:22:45 The investment company assumes that bitcoin will be one of the uncorrelated assets into which large funds of generational wealth will flock down.

Crypto.com Launches Crypto Credit & Crypto Earn Products 2019-05-18 07:26:39 The Co-Founder and CEO of Crypto.com, Kris Marszalek, claims Crypto Earn offers the most attractive interest rates in the cryptocurrency market today

Coinbase Develops Machine Learning-based Price Alert Feature 2019-05-17 16:56:34 The Head of Coinbase also highlighted that the new feature is still in the development process since the Coinbase team wants to keep fine balance wit

Bitstamp Investigates Suspicious Large Sell of Bitcoin 2019-05-17 12:54:54 Even though the price rebounded, the exchange claims it closely examines every event that causes large-scale movement in its order book and has start


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