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Reuters: Business News

Nvidia boosts self-driving AI business with Volvo trucks 2019-06-18 13:46:31Sweden's AB Volvo is joining forces with Nvidia Corp to develop artificial intelligence used in self-driving trucks, in a boost for the U.S. chipmake

Fed meets as renewed pressure on Powell comes 2019-06-18 13:41:33Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship, demoting him to be

U.S., China rekindle trade talks ahead of Trump-Xi 2019-06-18 13:38:31China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial

White House's Kudlow: U.S. looking for 'enforceable' trade 2019-06-18 13:38:31The United States wants to continue trade discussions with China that focus on structural changes and enforcement mechanisms when talks continue late

Explainer: 'Stablecoins' in the spotlight as Facebook unveils 2019-06-18 13:32:37The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of

Facebook reveals Libra cryptocurrency, with lofty goals 2019-06-18 13:32:37Facebook Inc plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce

Global stocks fueled by hopes on monetary policy, 2019-06-18 13:28:07Global stocks rallied on Tuesday and benchmark government bond yields tumbled after European Central Bank President Mario Draghi hinted at economic st

Exclusive: U.S. seen open to mechanism to end 2019-06-18 13:25:55The United States is expected to be open to negotiations on an "enforceable mechanism" that could allow European planemaker Airbus to receive govern

For Fed's Powell, a gap with markets and 2019-06-18 13:24:41Bond investors expect an aggressive set of U.S. interest rate cuts this year, and a voluble president pines for the “old days” when his pr

Wall St. pushes higher on trade hopes, dovish 2019-06-18 13:21:56Wall Street's main indexes rallied on Tuesday, with the S&P 500 inching close to record levels, as President Donald Trump's comments on restarti

Draghi's stimulus hints put ECB in Trump's crosshairs 2019-06-18 13:21:16The European Central Bank will ease policy again if inflation fails to accelerate, ECB President Mario Draghi said on Tuesday, signaling one of the bi

Oil climbs 3% on hopes U.S.-China trade talks 2019-06-18 13:20:28Oil prices rose more than $1 a barrel on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi J

L.A. Times - Business

Boeing apologizes for Max crashes as Airbus rakes 2019-06-17 11:30:00Boeing executives apologized Monday to airlines and to families of victims of crashes of the company’s 737 Max in Indonesia and Ethiopia as the

Amazon pulls back from original kids programming 2019-06-17 10:00:00As Netflix and Amazon have battled for dominance in the streaming wars, they’ve spent years building up an arsenal of original shows and films t

Lawsuit: Black Boeing worker harassed, found noose at 2019-06-17 10:00:00A black man who has worked for a decade at a Boeing plant in South Carolina says he’s been routinely subjected to racist harassment. News outlet

California Inc.: To infinity and the box office 2019-06-17 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

Huawei founder says revenue will be billions below 2019-06-17 03:25:00Huawei's founder likened his company to a badly damaged plane Monday and said revenues would be $30 billion less than forecast over the next two year

Two years in, Amazon has hardly launched a 2019-06-16 09:00:00This weekend will mark two years since Amazon.com Inc. announced it was acquiring Whole Foods Market. It was a thunderclap that demonstrated Amazon&rs

Landlords rip out escalators and walls to attract 2019-06-16 07:00:00Google’s January announcement that it would take over much of the failed Westside Pavilion shopping center, which is becoming offices, showed te

Angela Reddock-Wright helps keep businesses, and people, out 2019-06-16 07:00:00Angela Reddock-Wright, 49, is president of the Southern California Mediation Assn., which describes itself as “the biggest professional mediator

When family balks at paying their fair share 2019-06-16 06:00:00Dear Liz: I inherited half a duplex from my parents. They were partners with my aunt and uncle. When alive, all parties shared expenses for the common

Impossible Burger shortages hit restaurants as the meat-free 2019-06-15 07:00:00Restaurant chains Red Robin and White Castle are reporting shortages of Impossible Foods Inc.’s popular meat-free patties, underscoring the pres

Drug makers sue Trump administration to halt rule 2019-06-14 19:10:00Some of the biggest pharmaceutical companies in the U.S. sued the Trump administration to try to block a rule that would force them to put the price o

Stocks are dragged down by chipmakers and U.S.-China 2019-06-14 18:55:00Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates.

Economy

Homebuilder sentiment inches lower despite demand for single-family 2019-06-17 10:00:00The nation's homebuilders reported solid confidence in the housing market in June, but levels dropped slightly due to concerns over trade issues, the

Amazon responds to Ocasio-Cortez's claim that it pays 2019-06-17 09:37:00Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a t

A key manufacturing gauge just saw its biggest 2019-06-17 09:27:00The Empire State Manufacturing Index tumbled to a -8.6 reading from 17.8 in May, a 26.4-point drop that was the biggest since 2001.

US companies' message to Trump: Don't expand China 2019-06-17 08:42:00Businesses, trade groups, and individuals have written to complain that tariffs would drive up prices for consumers, squeeze profits, and leave U.S. c

US business inventories rebound; sales fall 2019-06-14 10:15:00U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected to be a drag on economic growth in the second

The Fed is likely to drop 'patient' word 2019-06-14 10:13:00The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.

Half of Americans say their financial situation hasn't 2019-06-14 09:49:00The Great Recession ended a decade ago. Many Americans are still waiting for their finances to improve.

Trump says stock market would be '10,000 points 2019-06-14 09:13:00Trump said the economy and stock market both could be doing much better "if we had somebody different" in charge of the central bank.

US retail sales rose in May, while April 2019-06-14 08:30:00U.S. retail sales were expected to rise 0.6% in May, after slipping 0.2% a month earlier.

CEO optimism takes a hit in the second 2019-06-13 10:03:00The Business Roundtable's CEO Economic Outlook Index fell by 5.7 points in the second quarter to 89.5.

US import prices post the largest drop in 2019-06-13 08:49:00U.S. import prices fell by the most in five months in May amid a broad decline in the cost of goods, the latest indication of muted inflation that str

US weekly jobless claims unexpectedly rise, sparking fears 2019-06-13 08:31:00First-time claims for state unemployment benefits were expected to total 216,000, down slightly from the 218,000 claims reported for the previous week

NYT > Economy

Trump Is More Vulnerable to Democratic Attacks on 2019-06-09 10:22:13An opening to criticize him from the right as well as the left.

China Summons Tech Giants to Warn Against Cooperating 2019-06-08 16:43:32Chinese officials told companies Dell, Microsoft and Samsung that there would be dire consequences if they cut sales or pulled production from China,

A Weak Jobs Report Poses a New Challenge 2019-06-08 02:20:09A sharp decline in the pace of hiring in May, especially in sectors dependent on trade, suggests that the president’s tariffs are starting to bi

Trade Wars Stoke Economic Fear as G-20 Finance 2019-06-07 21:39:27Treasury Secretary Steven Mnuchin will meet China’s central bank governor in the first meeting of senior officials from the countries since trad

Putin and Xi Herald the Virtues of Globalism, 2019-06-07 21:16:52The presidents of Russia and China used an investment conference to critique what they saw as increased protectionism by the United States amid rising

New Evidence of Age Bias in Hiring, and 2019-06-07 20:46:35Digital recruiting is leaving more of a forensic trail in discrimination cases. But a wave of litigation is running up against higher legal hurdles.

Which States Will Be Hit Hardest by Trump’s 2019-06-07 11:00:51Tariffs on Mexican imports will ripple across the United States and could cause significant pain for consumers and businesses, even those far from the

Black Democrats Say It’s the Economy, Still 2019-06-07 00:11:06Faring worse in the recovery, they worry more about jobs than white Democrats do, polling shows.

Another Sign of Economic Worry: Tumbling Oil Prices 2019-06-05 21:07:27Prices have dropped more than 20 percent since late April as investors worry that growth is slowing and trade disputes could slow growth further.

Putin Aims to Revive the Economy With a 2019-06-05 17:08:32As Russian officials unveil a spending plan aimed at doubling growth in its troubled economy, critics see a $400 billion effort in Soviet-era planning

Modern Monetary Theory’s Reluctant Poster Child: Japan 2019-06-05 03:00:04Despite its huge debt, the country remains an economic powerhouse. Some say it provides a model for the United States, but its leaders disavow the ide

11,000 People Who Prepare Your Airline Food Are 2019-06-05 00:45:33A shortage of controllers hastened the end of the government shutdown this year. Now catering employees hope a similar dynamic will help them win bett

Business - The Huffington

Boeing CEO Admits 'Mistake' Made With Embattled 737 2019-06-17 04:43:52Dennis Muilenburg conceded the planemaker made an error in its in handling of a warning-system problem in its 737 Max jet.

Massive Target Register Outage Causes Confusion At Stores 2019-06-15 21:26:27The company said a technical glitch caused a register shutdown for two hours. For some customers, it felt like the end of the world.

UAW Loses In Second Attempt To Unionize VW 2019-06-14 21:43:51The election underscores the challenges unions still face in organizing workers in the South.

United Auto Workers Gets Another Crack At Unionizing 2019-06-12 13:53:57At stake are 1,700 potential members and a major foothold in an area not friendly to unions.

Boeing Reports Zero New Plane Orders For Second 2019-06-12 06:47:27The plane-maker's order and delivery totals have plummeted since the grounding of its troubled 737 Max jet.

YouTube CEO Apologizes For Standing By Homophobic Videos 2019-06-10 20:14:18Susan Wojcicki said being hurtful "wasn’t our intention at all."

The Marriott Strike Helped Grow The Largest Hotel 2019-06-10 18:01:32Unite Here just won four union elections at Marriott properties, victories it traces in part to the 2018 work stoppage.

Over 180 CEOs Sign Full-Page NYT Ad That 2019-06-10 11:51:45Twitter's Jack Dorsey, fashion designer Diane Von Furstenburg and more signed the ad that declares equality in the workplace is "one of the most imp

American Airlines Extends Boeing 737 Max Flight Cancellations 2019-06-09 15:35:55Approximately 115 flights will be canceled per day through Sept. 3, the airline said on Sunday.

Even More Asbestos Found In Claire's Makeup Products 2019-06-07 17:20:10The Food and Drug Administration said it found asbestos in a makeup kit three months after the company pulled other makeup from its stores.

Sephora Won't Solve Racism In An Hour, Obviously. 2019-06-06 05:45:27The makeup retailer’s effort is well-intentioned, but research shows the effectiveness of diversity training is mixed.

Delta Tried To 'Trap' Its Own Flight Attendants 2019-06-01 14:17:30Someone in the airline's operations control center feared attendants might walk off the plane after working long hours. So they ordered the door clos

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NZ vs SA Preview ICC CWC 2019: Revenge, 2019-06-18 14:01:00Kane Williamson-led New Zealand is at the second position in ICC World Cup 2019 Points table while the Proteas are at the eight spot with three points

Oppn to flag poor state of economy, unemployment 2019-06-18 13:44:50At the meeting, Left parties would suggest the revival of the economy requires growth of domestic demand through increased public investments

Two-term BJP MP Om Birla set to become 2019-06-18 13:17:07With Birla's nomination, the National Democratic Alliance has departed from the decade-and-a-half old trend of nominating an experienced parliamentar

Reserve Bank of India fines HDFC Bank Rs 2019-06-18 12:11:39The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of foreign currency, the RBI said

NCLT to hear grounded Jet Airways' insolvency plea 2019-06-18 12:03:31Dutch administrator to join proceedings after local court declares airline bankrupt

SAT stays Sebi's order asking Prannoy, Radhika to 2019-06-18 11:14:53Tribunal lifts Sebi ban on Prannoy Roy and Radhika Roy from taking managerial positions at NDTV; Adjourns case to Sep 16

India-Pak world cup tie is the most tweeted 2019-06-18 10:48:12The India-Pakistan world cup match attracted as many as 2.9 million tweets

Five-time WB MP Adhir Ranjan Chowdhury to be 2019-06-18 09:08:52Chowdhury's name was cleared by the top party leadership after which a letter of his appointment was handed over to the Lok Sabha secretariat

Govt sacks 15 customs, central excise officers on 2019-06-18 08:59:13These officers either had corruption cases registered against them by the CBI or were involved in bribery, extortion and disproportionate assets cases

Facebook wants its cryptocurrency Libra to one day 2019-06-18 08:26:16To come anywhere close to matching the US dollar for utility and acceptance, Libra will need to be widely trusted

RBI softens stance on data localisation, says will 2019-06-18 08:04:05The RBI in April 2018 put out a circular requiring that all 'data relating to payment systems' are 'stored in a system only in India' within six m

Domestic air passenger traffic grows 2.96% in May 2019-06-18 07:58:32Suspension of operations by Jet Airways on April 17 due to lack of funds was considered to be one of the primary reasons why domestic air traffic saw

Insider.pro

Microsoft and Salesforce Join Hyperledger 2019-06-18 19:11:46 The project also added a new identity infrastructure project that spotlights interoperability, cross project development and broad community involvem

Italy's Financial Institutes Prepare for Total Usage of 2019-06-18 17:41:24 Such expansion is a part of the Spunta Project which is a program managed by ABI Lab, the association's research and innovation arm, designed to imp

Canadian Bitbuy Exchange Partners with Blockgeeks to Allow 2019-06-18 16:10:32 The partnership will allow worldwide users to purchase crypto via simple credit card transactions

Bank of England Governor Says Facebook Crypto Will 2019-06-18 13:32:09 Governor of the Bank of England, Mark Carney, believes Facebook's Libra digital asset will definitely face the highest standards of regulationю

Samsung SDS to Expand Enterprise Blockchain Platform 2019-06-18 12:09:22 The IT corporation has been developing cloud-based blockchain technologies for various use cases including manufacturing, logistics, public sector, f

Paying Out Crypto Is the Best Ransomware Solution 2019-06-18 09:00:00 A research study by ProPublica discovered that the majority of ransomware solutions providers have one unusual trick for getting rid of cyber crimina

BlockClaim Insurance Tech Company Raises £500 Million 2019-06-18 08:30:00 BlockClaim, a company focused on the use of AI and blockchain to detect fraud, has just raised £500 million.

Facebook Launches Site for Its Crypto Project 2019-06-18 07:30:00 Facebook has just opened the website for its cryptocurrency project.

Santander Bank Loses Appeal Against Brazilian Crypto Exchange 2019-06-18 06:30:00 The Spanish bank has lost an appeal against a cryptocurrency exchange filed to the Court of Justice of the State of São Paulo.

Polish Bank Uses Ethereum Blockchain to Verify Documents 2019-06-18 05:00:00 The Polish bank Alior Bank is using ethereum's blockchain to verify the documents it issues.

Ripple Strikes Back with $50M Investment in MoneyGram 2019-06-17 18:10:14 MoneyGram Chairman and CEO, Alex Holmes, says since the payments industry evolves and matures, it’s imperative that MoneyGram continues to impr

OKCoin Reveals Debit Card Deposit Feature 2019-06-17 16:10:44 According to the announcement, debit and credit card deposits are currently available to OKCoin users outside of the U.S., Europe, and China.


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