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L.A. Times - Business

California says 350,000 debit cards for unemployment benefits 2020-10-22 19:01:41Faced with a deluge of fraudulent unemployment claims, California officials said Thursday that 350,000 of the debit cards they issued containing benef

Gene Simmons seeks $22 million for Beverly Hills 2020-10-22 16:04:26KISS rocker Gene Simmons has hung a $22-million price tag on his Beverly Hills estate of 34 years.

Wayne Gretzky eyes $22.9 million for Thousand Oaks 2020-10-22 09:00:57In Thousand Oaks, NHL legend Wayne Gretzky is asking $22.9 million for his scenic Colonial-style mansion on nearly seven acres.

The accuracy of death certificates has never been 2020-10-22 08:00:51Deaths from viruses, bacteria and other infectious disease have long been overlooked on death certificates.

Facebook touts free speech. In Vietnam, it's aiding 2020-10-22 08:00:19To protect its business in an important market, Facebook increasingly removes content that Vietnam's authoritarian government doesn't like.

Tesla scores a profit for the fifth straight 2020-10-21 17:24:41Tesla extended its streak of profitable quarters to five, but those profits still depend on emission credit sales, which will lose value as more autom

High-profile streamer Quibi is shutting down after subscriber 2020-10-21 17:15:32The streaming service launched by Jeffrey Katzenberg and Meg Whitman failed to gain traction following its launch in April.

Column: GOP's brilliant healthcare idea is to throw 2020-10-21 17:04:17GOP states are spending more to cover fewer residents on Medicaid, thanks to ideological stupidity.

Vanessa Bryant lists Irvine investment home she owned 2020-10-21 16:11:10Vanessa Bryant, wife of late Lakers legend Kobe Bryant, is seeking $1.995 million for an investment home she owns in Irvine.

Longtime home of late 'Boyz n the Hood' 2020-10-21 11:00:34The home of the late director of "Boyz n the Hood" and "2 Fast 2 Furious" is on the market for $1.8 million.

Will the pandemic hurt the candy-industrial complex? 2020-10-21 10:00:40Halloween has always been the "Super Bowl, Olympics and World Cup wrapped into one" for the candy industry. Will the COVID-19 pandemic change that?

Golfer Fred Couples gets a buyer to swing 2020-10-21 09:00:54Hall of Fame golfer Fred Couples has sold his Newport Beach home in a golf course community for $3.25 million.


September existing home sales jump 9.4%, but 'prices 2020-10-22 18:57:12The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September.

Weekly jobless claims drop to nearly their lowest 2020-10-22 14:54:11New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic.

Unemployment claims are down. It’s not all for 2020-10-22 13:54:25About 1 million fewer workers were collecting state unemployment benefits the week of Oct. 10 relative to the week prior, the Labor Department said Th

Economic recovery could slow in Q4 after 'steroid 2020-10-21 23:45:42JPMorgan Asset Management's David Kelly told CNBC the U.S. will get a stimulus package after the November presidential elections are over.

A Fed official who could be Biden's Treasury 2020-10-21 13:08:02The central bank official cited several areas of concern, including slowing gains in the jobs market from the 21 million positions lost in the early d

Mortgage demand from homebuyers falls for the fourth 2020-10-21 09:42:31Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month.

The GDP report next week will likely show 2020-10-21 06:23:59Next week, the U.S. will get economic news like it has never seen before, reflecting growth that had seemed impossible, as it is likely that GDP will

A 'blue wave' in U.S. elections could bring 2020-10-21 01:33:01The first rate hike by the Federal Reserve could be brought forward from around 2024-2025 to 2023-2024, said Jim Caron, a fixed income portfolio manag

Homebuilder sentiment sets another record high in October 2020-10-19 10:00:01The nation's homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever.

Jobless claims were worse than expected amid slowdown 2020-10-08 21:57:16First-time claims for unemployment benefits totaled 840,000 last week, higher than the 825,000 Wall Street estimate.

Years of low interest rates made the current 2020-10-08 13:40:11The central bank official said he expects defaults and bankruptcies to hit that will make the unemployment problem worse.

Consumers' 'savings buffer' accumulated during pandemic could help 2020-10-08 07:41:57Morgan Stanley estimates that U.S. households have saved an extra $1.1 trillion as of August, compared to pre-pandemic levels.

NYT > Economy

When Start-Ups Go Into the Garage (or Sometimes 2020-10-20 05:00:22Labs closed in the pandemic, but innovation doesn’t stop. So while some workers have the home office, engineers have the garage.

U.S. to Sign Limited Trade Deal With Brazil 2020-10-19 23:28:31The new pact is expected to ease trade barriers, strengthen regulation and crack down on corruption.

How Failures of the Obama-Era Stimulus Could Guide 2020-10-19 16:57:46One crucial lesson: aim big, because there may be only one chance, and an overheating economy is easier to fix than a halting recovery.

A Korean Store Owner. A Black Employee. A 2020-10-17 21:26:41At a Chicago beauty supply shop, one American dream has come true. Another is still waiting for its chance.

As Coronavirus Spread, Reports of Trump Administration’s Private 2020-10-17 10:46:45A hedge fund consultant’s summary of private presentations by White House economic advisers fanned investor worries.

Unemployed Workers Built Up Some Savings. Then the 2020-10-16 11:36:48Anonymized bank data shows what happened next, as balances shrank and hopes dimmed for action from Washington.

Republicans Clash on Stimulus Package as Trump Says 2020-10-15 18:25:39The president said he wanted a much larger package than the $1.8 trillion measure under discussion. The top Senate Republican said his party could not

Unemployment Claims Rise Anew in Latest Sign of 2020-10-15 17:27:57Hopes for a rebound of the American economy have been clouded by layoffs, a surge in virus cases and a lack of fresh federal aid.

July Is the New January: More Companies Delay 2020-10-15 09:16:52From Ford to Microsoft, white-collar companies are increasingly extending working from home through next summer.

Manhattan Emptied Out During the Pandemic. But Big 2020-10-13 16:40:35The four companies known as Big Tech — Amazon, Apple, Facebook and Google — now have more than 22,000 employees in the city, with thousand

Europe Can Impose Tariffs on U.S. in Long-Running 2020-10-13 14:38:13The World Trade Organization gave the European Union permission to tax up to $4 billion of American products annually in return for subsidies given to

Clash Over Municipal Loan Program Delays Stimulus Report 2020-10-12 12:39:39Political disagreements have prevented a congressional commission from releasing a monthly report about how federal stimulus aid is being spent.

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World Coronavirus Dispatch: 2 mn more UK adults New! 2020-10-24 07:49:49Australia may reopen state borders in time for Christmas, Covid drags 2 million more UK adults into financial troubles, and other pandemic-related new

IPL 2020, KKR vs DC LIVE SCORE: Narine, New! 2020-10-24 07:45:15Delhi Capitals has dropped Prithvi Shaw and picked Rahane while Nortje comes in for Sams. Sunil Narine returned to KKR playing 11. Check KKR vs DC liv

Deadline to file income tax return extended by New! 2020-10-24 07:04:38For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021

Deadline for filing FY19 GST annual returns extended New! 2020-10-24 06:14:07The government had last month extended the last date for filing GST annual return and audit report for the 2018-19 fiscal by a month till October 31,

Devendra Fadnavis tests positive for Covid-19, goes into New! 2020-10-24 05:32:08Bharatiya Janata Party's Leader of Opposition Devendra Fadnavis on Saturday announced that he has tested Covid-19 positive and gone into isolation.

Excessive production will be eliminated: Amit Aggarwal on New! 2020-10-24 05:27:44Ace fashion designer Amit Aggarwal believes coronavirus pandemic has pushed everyone in the fashion industry to adapt to "newer workmanship" and foc

Free Covid vaccine promise for Bihar polls perfectly New! 2020-10-24 04:57:17Amid opposition's criticism of BJP's promise of free Covid vaccines, FM Sitharaman asserted that the announcement was perfectly in order and it can

Borrowers' Diwali: Govt waives interest on interest for New! 2020-10-24 04:38:47Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

DATA STORY: With over 700,000 cured cases, India's New! 2020-10-24 03:57:46India on Friday conducted 1,269,479 coronavirus tests, taking the total count of tests conducted so far in the country to 101,382,564. The test positi

IL&FS resolves Rs 1,460 crore debt in Q2; New! 2020-10-24 03:36:16The board is now looking to resolve Rs 13,200 crore of additional debt by December 2020

Franklin Templeton case: Karnataka HC says consent of New! 2020-10-24 03:32:59The court has restrained the trustees from taking any further steps till the consent of unit holders via simple majority is obtained

Centre invokes new Essential Commodities Act to set 2020-10-23 16:01:42As per the Central order, retailers won't be allowed to hold more than two tonnes of onions with them; for wholesalers the cap is 25 tonnes


BitMEX to Add Binance Coin, Polkadot and yearn.finance 2020-10-23 07:18:25 The crypto derivatives platform has just announced it is expanding its product line.

Media: PayPal to Start Buying Crypto Companies 2020-10-23 06:07:50 The world-wide known payments company intends to start buying cryptocurrency companies.

BTC Outperforms Gold and Stocks 2020-10-23 04:57:23 Bitcoin's ROI has exceeded that of gold and the S&P 500.

All Essential Things You Should Know About Crypto 2020-10-23 04:53:04 It can be tricky to find good crypto brokers, but we are here to help you determine the core factors you should look for.

Bitcoin Stays Above $12,900 2020-10-23 03:49:44 What is happening today with the largest crypto in the market?

ECB Official Sees 'Number of Scenarios' for Digital 2020-10-22 16:58:26 The potential digital currency might have both technical legal issues.

EXANTE's Knyazev: Smart Contracts Won't Take Crypto Firms 2020-10-22 15:18:58 In the worst case of the regulatory carnage, the crypto market will be left with a stripped down smart contracts.

BitTorrent Announces Acquisition of DLive Blockchain Streaming Service 2020-10-22 14:44:04 TRON and BitTorrent plan to provide more details about BitTorrent X during a live event in November, the announcement states.

Former Top Manager Gemini Becomes Bitstamp's New CEO 2020-10-22 13:38:11 Prior to Bitstamp, Sawyer co-founded Starling Bank, where he served as COO until 2019.

Bitfinex Announces Staking Feature for Polkadot 2020-10-22 12:23:10 Bitfinex claims all the assets purposed for staking will be stored in its cold wallets.

IIAwards - Review of STASIS 2020-10-22 11:00:00 Review of STASIS as part of our IIAwards.

Deribit Requires Users to Complete KYC Process Before 2020-10-22 07:45:37 The users of the crypto options exchange must complete the verification process before the end of 2020.


How the Pandemic Is Worsening America’s Racial Gaps 2020-10-16 16:54:27Covid isn’t just disproportionately killing people of color; it’s sticking them in a feedback loop that exacerbates economic and racial in

Federal deficit triples to $3.1T, Treasury data shows 2020-10-16 15:56:21Government spending exceeded more than $6.5 trillion in the fiscal year that ended on Sept. 30, up from $4.4 trillion in fiscal 2019.

Hard-hit small businesses face long winter without lifeline 2020-10-09 15:38:22Some 60 percent of all U.S. businesses that have closed during the pandemic have not reopened.

Trump stock market soars — and wealthy reap 2020-10-09 05:00:47This week's episode of Nerdcast

'We need to step forward': Fed leaders call 2020-10-07 19:04:22The comments from the leading Fed officials were the latest evidence of the central bank's growing attention to persistent inequality in the economy.

‘Trump just kicked over the chess board’: GOP 2020-10-07 15:15:37The president’s approval rating on the economy remained his bright spot. But he darkened that outlook by shutting the door on a comprehensive ec

Why Trump lost his battle against the trade 2020-10-06 14:00:51The monthly deficit in U.S. goods trade with all other countries set a record high in August at more than $83 billion.

Trump campaign looks to small victories on trade 2020-10-04 07:00:06His campaign is targeting swing state voters by highlighting specific trade deal wins.

Trump is fuzzy on tax policy as Biden 2020-09-27 06:57:23Trump has raised various ideas in recent months, though his proposals remain much vaguer than during his 2016 presidential campaign.

2020 is the Year Trump Was Worried About 2020-09-26 04:30:01If presidential elections really turn on how the country is doing, there's a good reason for the incumbent to sweat.

Trump stokes a new threat to Wall Street: 2020-09-24 19:59:18“This does have the potential to incite … the metastasizing of social unrest,” said one market strategist.

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