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As hopes fade for a major stimulus, here's what it means for the fragile economy

The likelihood that the Senate will stay in Republican hands likely translates into a smaller pandemic aid package.Read More



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L.A. Times - Business

David Geffen sells an empty 1-acre lot in 2020-11-30 19:42:02Media mogul David Geffen just sold an empty lot in Beverly Hills for $33.75 million, or $3.75 million more that he paid for it last year.

It just got harder for U.S. to punish 2020-11-30 14:59:42The U.S. Transportation Department's new policy, announced during the Thanksgiving holiday weekend, narrows what 'unfair and deceptive practices' m

Have you purchased a home during the pandemic? 2020-11-30 13:45:01We'd like to learn more about what drove your decision to make a purchase at a time of great uncertainty.

He's a Republican, a Wall Street financier, and 2020-11-30 11:48:16Scott Minerd, Guggenheim Partners' chief investment officer, is a conservative who thinks progressive policies, modified by tax incentives, could aid

L.A.'s outdoor dining ban came from the county. 2020-11-30 09:00:28L.A. Mayor Eric Garcetti didn't order the recent county ban on outdoor dining, but he's still facing pressure from restaurant owners who are frustra

Hot Property: NBA's Paul Pierce shoots for $11 2020-11-28 08:30:16Former NBA star Paul Pierce has listed his massive Calabasas mansion, complete with a Boston Celtics-themed basketball court, for $11 million.

Home of the Week: A coastal contemporary in 2020-11-28 08:00:28Perched in Via Bluffs, this new modern home pairs materials imported from Italy with high-end amenities and a 1,500-square-foot rooftop deck that over

How a bawdy online game is helping friends 2020-11-28 08:00:22"All Bad Cards," a free online game reminiscent of "Cards Against Humanity," can bring friends together during the pandemic — especially fri

Black Friday lures shoppers, despite the pandemic 2020-11-27 12:45:19Crowds look smaller and lines shorter, but shoppers awoke early on the day after Thanksgiving for deals and tradition.

Life, death and pandemic greet California's struggling Main 2020-11-27 10:32:55As coronavirus cases surge during the busy holiday shopping season, uncertainty and unease have set in on Main Streets.

Column: Amid your Black Friday shopping, keep watch 2020-11-27 09:00:41The grandparent scam, the inheritance scam, the lottery scam -- each is making the rounds as fraudsters target stuck-at-home seniors.

Column: Dejected L.A. restaurants serve their last meals, 2020-11-26 14:02:52From Long Beach to Chinatown, restaurant workers and customers worry yet hope for the best on the day before the coronavirus shutdown — again.

Economy

Weekly jobless claims counts are inaccurate and the 2020-11-30 15:19:24Mistakes have moved in both directions, with recipients sometimes undercounted and at other times overcounted, according to the GAO.

October pending home sales fall unexpectedly, as high 2020-11-30 12:24:29Strong, pandemic-induced demand for housing is still there, but buyers may now be hitting an affordability wall.

Another record low mortgage rate just caused demand 2020-11-25 13:51:40Mortgage interest rates have set record lows more than a dozen times this year, and last week there was yet another. That caused mortgage applications

Weekly jobless claims higher than expected as labor 2020-11-25 11:59:27Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones.

JPMorgan becomes first major bank to say first-quarter 2020-11-20 11:47:03Wall Street had been expecting a positive first quarter and improving growth next year.

October existing home sales see 'spectacular' 26.6% annual 2020-11-19 13:39:36Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually.

Jobless claims filings pick up amid continued struggles 2020-11-19 10:59:32First-time filings for unemployment benefits totaled 742,000 last week vs. the Wall Street estimate of 710,000.

Bostic says Fed's tools still have 'juice' and 2020-11-17 09:39:05Even with the prospects of at least two vaccines, Bostic said there are multiple pockets of the economy that will need assistance.

Here are the things that scare Jerome Powell 2020-11-12 13:43:31Powell said he worries about women, children and business owners who face long-term consequences from the coronavirus.

Weekly jobless claims fall again in another sign 2020-11-12 09:43:20Jobless claims totaled 709,000 last week, below the 740,000 Wall Street forecast.

Fed's Rosengren says next 6 months will be 2020-11-11 06:14:38Eric Rosengren, president of the Federal Reserve Bank of Boston, told CNBC the next six months will be "pretty choppy" despite covid vaccine news.

Covid vaccine won’t be an ‘instant stimulus’ to 2020-11-11 01:53:38The U.S. economy can't depend on a coronavirus vaccine to "solve all our problems," said Carl Tannenbaum, chief economist at Northern Trust.

NYT > Economy

As Customers Move Online, So Does the Holiday 2020-11-23 17:00:54Empty stores are turning into fulfillment centers and the market for warehouse space is booming, as the pandemic rockets the retail industry into its

Janet Yellen Set to Lead Treasury Department Under 2020-11-23 15:55:51The former Fed chair, a labor market expert, appears poised to lead President-elect Biden’s Treasury Department.

Virus Cases Rise, but Hazard Pay for Retail 2020-11-23 15:51:41They were hailed as heroes during the first wave of the pandemic, but wage increases were fleeting, and companies, whose businesses are booming, have

Biden Calls for Stimulus Ahead of a ‘Dark 2020-11-23 15:51:25The president-elect looked to forge unity between business and unions in a speech on the economy.

Snapshots of Daily Life in a Remote Region 2020-11-23 13:45:33The Barroso is one of Portugal’s most isolated areas, known for its rough terrain, abiding agricultural traditions and stunning beauty.

Biden Team, Pushing Quick Stimulus Deal, Prepares for 2020-11-22 16:04:28Economists warn that lawmakers must pass aid now, as a renewed coronavirus surge chills consumer spending and business activity.

Economic Policy Has Become a Partisan Game. That 2020-11-20 18:33:21Mnuchin’s move and Shelton’s near-confirmation suggest a future of greater risks each time party control changes.

Mnuchin Cites Principles in Clawing Back Fed Money. 2020-11-20 18:12:47Trump’s Treasury secretary said Congress wanted key economic supports to end by Dec. 31, a view he expressed only after the vote count in the pr

Mnuchin Plans to End Some Emergency Fed Facilities 2020-11-19 22:57:45The Treasury Department asked the Federal Reserve to return unused funds, downsizing the next secretary’s ability to restart the economic suppor

Unemployment Claims Rise as Economic Worries Grow 2020-11-19 18:20:57With coronavirus cases increasing again in the United States, the “fragility of the recovery” is in jeopardy, one economist said.

Recession With a Difference: Women Face Special Burden 2020-11-19 06:25:07Hit hard by job losses and the pandemic’s effect on schooling and child care, American women face short-term difficulties and long-term repercus

Economic Demands Test Biden Even Before Inauguration 2020-11-19 06:20:59With the recovery slowing and coronavirus cases surging, Democrats must decide whether quick action on federal aid is more important than its scale.

Business - The Huffington

Dow Jones Average Hits 30,000 For First Time 2020-11-24 11:37:16Optimism that COVID-19 vaccines will open the way to economic recovery next year fueled Wall Street’s rebound from a pandemic-driven crash this

Amazon Warehouse Workers File For Union Election In 2020-11-24 11:14:17Unionizing an Amazon facility in the South would be a landmark win for the labor movement, potentially spurring more organizing drives inside the comp

The Pandemic Is Worse Than Ever And Washington 2020-11-20 13:04:48Unemployment benefits and other coronavirus relief measures are set to expire next month.

Denny’s Shows How A Diverse Supply Chain Can 2020-11-19 09:34:09The international restaurant chain’s diverse supplier spending has exceeded 10% every year for the past decade.

Grocery Chain Backpedals After Encouraging Customers To 'Plan 2020-11-18 19:44:02Giant Food apologized for the "poor" wording on its Thanksgiving-themed ad, released as COVID-19 cases surge across the nation.

Solar Companies Ask Biden To Reverse Trump’s Biggest 2020-11-17 14:13:35Solar energy companies see an ally in a president-elect who campaigned on generating 100% carbon-free electricity by 2035.

Amazon Opens Online Pharmacy For Prescription Medication Delivery 2020-11-17 13:22:23The company said it will offer commonly prescribed medications with discounts to its Prime members.

Smithfield Fined $58,000 For Serious COVID Hazards At 2020-11-16 11:57:07Regulators also hit the meatpacking giant's temp staffing firm with another $40,000 in violations.

Mutual Of Omaha Replaces Indian Chief Logo With 2020-11-12 12:47:17Previously, the Indian chief head had been the symbol of the insurance and financial services company for 70 years.

UPS Tweaks Strict Appearance Guidelines, Lifts Ban On 2020-11-11 18:16:26Beards are now acceptable as long as they're worn "in a businesslike manner," while “afros, braids, curls, coils, locs, twists and knots&rdqu

Stocks Surge On Encouraging News About Potential Coronavirus 2020-11-09 11:04:57If a vaccine for COVID-19 does indeed pan out, analysts say it’s a “game changer” and just what the market had been waiting for.

How This D&I Exec Is Driving Economic Inclusion 2020-11-09 10:03:52"Conversations are great to build a foundation, but they get real thin, real fast if you don’t take action."

Home Page

Govt's talks with farmers fail; another meeting scheduled New! 2020-12-01 08:54:07More farmers from Punjab and khaps from Haryana are making their way to the national capital, demanding that the laws be repealed.

OECD cuts India's FY21 GDP contraction rate to New! 2020-12-01 08:22:23Expects Budget to be cautious on fiscal expansion, sees rate cut by RBI around turn of the current financial year

LIVE updates: Govt offers to set up panel New! 2020-12-01 08:10:51Farmers protest LIVE updates Day 6: Chilla border that links Delhi to UP through Noida has been closed. Stay tuned for latest updates on farmers' pro

India Inc sees a faster return to pre-Covid New! 2020-12-01 07:42:06A majority of Indian businesses intend to increase financial investment in their business over the next year, notably higher than the global average.

Adverse event in Serum's trial won't affect vaccine New! 2020-12-01 07:38:28Health ministry to come out with guidelines that will address the issues around vaccine safety to create awareness and dispel misinformation

Coronavirus LIVE: 4,006 new Covid-19 cases, 86 deaths New! 2020-12-01 07:37:28Coronavirus LIVE update: At 1,823,896, Maharashtra has the highest number of coronavirus cases, followed by Karnataka 884,897, Andhra Pradesh 868,064,

Reliance Industries tops Fortune India-500 list second year New! 2020-12-01 07:20:34Accounts for 7 per cent of cumulative revenues, 11 per cent of profits; ICICI Bank, L&T make it to top 10

China's Xiaomi eyes up to $4 billion in New! 2020-12-01 07:11:35The proceeds from the equity placement will be used for business expansion.

'lll-informed': India on Canada PM Trudeau's remarks on New! 2020-12-01 05:51:02"Canada will always be there to defend the right of peaceful protest," Trudeau had remarked earlier in a video posted on his Twitter account.

Shree Cement, Motherson Sumi, Sundram Fasteners hit 52-wk New! 2020-12-01 05:02:09As many as 49 stocks from the BSE500 index hit their 52-week highs today.

GST collections up Rs 1 trn for second New! 2020-12-01 04:38:44November collections were 1.42 per cent higher than the same month of the previous year

ABB Power zooms 33% in 3 days on New! 2020-12-01 04:16:42The company has signed an MoU with Ashok Leyland and the IIT-Madras for an e-mobility pilot

Insider.pro

Biden’s Administration Should Integrate Bitcoin into US Financial 2020-11-30 16:07:44 According to Ferguson, the IRS is already perfectly prepared to request information on bitcoin accounts from cryptocurrency exchanges.

Coinbase to Support Ethereum 2.0 Staking Rewards 2020-11-30 15:55:35 The exchange's clients could convert ETH via Coinbase accounts to ETH2 and earn staking rewards.

Tezos to Add Shielding Transactions in Next Upgrade 2020-11-30 13:07:07 The ecosystem developers say the new proposals for the upgrade also contain minor bug fixes.

JPMorgan Expects Further Decline of Bitcoin Price 2020-11-30 11:27:11 JPMorgan's analysts believe momentum traders could have played a big role in the recent price slide.

3 Billion Huawei Users Can Access BitTorrent Following 2020-11-30 11:00:00 The world’s largest distributed network is now available on the devices of its largest telecoms manufacturer.

Huobi and Binance to Add Support for SKALE 2020-11-30 09:01:29 Both crypto exchanges have just announced they plan to add the SKALE Network (SKL) token to their platforms.

Pizza Hut Venezuela Starts Accepting BTC Payments 2020-11-30 07:33:05 The Venezuelan branch of the fast food giant Pizza Hut has just reported it now accepts BTC payments.

How to Earn +1,825% per Year with Algorithms 2020-11-30 06:53:50 The secret to accumulating large amounts of money is in the capitalization of interest.

Russian Government Passes Bill on Crypto Taxes 2020-11-30 06:28:29 The Russian government has just passed a bill to regulate taxes on cryptocurrencies.

DeFi Protocol SushiSwap Loses $15K Due to a 2020-11-30 05:00:24 The DeFi project team has already identified and fixed the vulnerability.

MetalPay’s Proton Wallet Launches on iOS App Store 2020-11-30 04:52:09 Proton Wallet, the blockchain wallet developed by MetalPay, has been added to the iOS App Store.

Bitcoin Grows Above $18,400 2020-11-30 03:46:08 What is happening today with the largest crypto in the market?


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