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Trump's ending of stimulus talks will mean a 'much slower' recovery, Fed's Mester says

"It's going to be a much slower recovery and it's disappointing that we didn't get a package done," Mester told CNBC.Read More

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L.A. Times - Business

The house that McDonald's built seeks $29 million 2020-10-28 18:40:41In Santa Ynez, a 554-acre ranch once owned by McDonald's owner Ray Kroc as a vacation retreat and research center just listed for $29 million.

Director Sean Anders lists La Crescenta home that 2020-10-28 14:43:21Director Sean Anders is asking $1.95 million for his stone-clad retreat in La Crescenta.

SpaceX starts rolling out Starlink internet, hoping it'll 2020-10-28 08:00:26SpaceX is starting public beta testing of its Starlink broadband internet service. The price: $99 a month, plus $499 of hardware.

Column: Yes, Santa Susana is a 'landmark' — 2020-10-27 23:19:29The government says Santa Susana should be a designated landmark, but it should be famous as a nuclear dump.

Newport Coast mansion sells for $61 million, shattering 2020-10-27 18:03:35A 19,000-square-foot mansion in Newport Coast just sold for $61 million, making it the priciest home sale in Orange County history.

Vanessa Bryant sells Irvine home she owned with 2020-10-27 17:35:07Less than a week after listing an Irvine home she owned with Kobe, Vanessa Bryant has sold the property for $2 million.

Trump vs. Obama: Who has the better record 2020-10-27 17:32:40In the three years before COVID-19, the U.S. economy under Trump performed about the same as it did during the last three years of Obama's presidency

Director Eli Roth eyes $3.48 million for Hollywood 2020-10-27 11:00:56In Hollywood Hills, director-actor Eli Roth is asking $3.48 million for his charming two-story Tudor of 13 years.

Column: Canceling subscriptions shouldn't be like running an 2020-10-27 09:00:45Some companies seem to make it deliberately difficult to cancel subscriptions or contracts in hopes of pocketing more fees.

Column: How China took Trump to the cleaners 2020-10-27 09:00:28China hasn't come close to meeting the commitments on trade it gave Trump in January

Proposition 15 promises cash for schools and local 2020-10-27 08:00:34The question for voters is how much money would be collected under Proposition 15 and whether a largely overlooked tax cut in the ballot measure might

Uber, Lyft, DoorDash workers on Prop. 22: 'I 2020-10-27 08:00:07Gig companies have been pressing their drivers to vote yes on Proposition 22 and — regardless of the drivers' feelings on the matter — to


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

Trump’s Manufacturing Promises Disappoint as Economy Sours 2020-10-26 16:10:30Foxconn’s failure to deliver on a Wisconsin project underscores the limits of the president’s power to make companies bend to his will.

Kodak Loan Debacle Puts a New Agency in 2020-10-25 17:05:00A stumbling effort to prop up the domestic generic drugs sector underscores the challenges of a Trump administration industrial policy.

James A. Johnson, Democratic Power Broker, Dies at 2020-10-25 00:08:37Once called “the chairman of the universe,” he led Fannie Mae, the Kennedy Center and the Brookings Institution. He also aided in several

Trump’s Biggest Economic Legacy Isn’t About the Numbers 2020-10-24 08:23:49The president has shifted the way both parties talk about trade, immigration and deficits — and despite dismal economic news, many voters still

Labor Department Curbs Announcements of Company Violations 2020-10-23 13:37:52A memo tells officials to hold back on news releases about enforcement decisions, saying they can linger unfairly online if citations are overturned.

The Times Project Out of Work in America 2020-10-23 08:47:46Millions across the U.S. have lost work. What toll has that taken on people’s lives in places like Owensboro, Ky., and Eau Claire, Wis.? The Nat

Unemployment Claims Are Down, but Many Workers Lower 2020-10-22 19:40:54With temporary layoffs turning permanent and career paths derailed, economists say a new coronavirus wave could derail the recovery.

Iowa Never Locked Down. Its Economy Is Struggling 2020-10-22 15:20:54President Trump has blamed Democratic officials’ rules for impeding the recovery. But even where restrictions are few, business is far from norm

OSHA Criticized for Lax Regulation of Meatpacking in 2020-10-22 10:38:00Critics say the agency has applied scant oversight and negligible penalties despite virus outbreaks at many plants in the spring.

Big Tech’s Professional Opponents Strike at Google 2020-10-22 09:22:54An unlikely collection of lawyers, activists, economists and academics is fueling the tech backlash, armed with funding from billionaire sponsors.

Forget Antitrust Laws. To Limit Tech, Some Say 2020-10-22 05:00:23Even as the Justice Department sued Google, some antitrust experts wondered whether a different government response would be more effective.

Amtrak Warns of Layoffs and Project Delays Without 2020-10-21 16:49:23The chief executive urged senators to pass legislation that includes more than $2 billion in emergency funding for the rail agency.

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Amazon third-quarter net sales beat estimates as more New! 2020-10-29 16:38:59Since the start of the virus outbreak in the United States, consumers have turned increasingly to Amazon for delivery of groceries, home goods and med

Twitter beats revenue expectations but misses on user New! 2020-10-29 16:34:28The San Francisco-based social media company said it had 187 million monetizable daily active users (mDAU) during the third quarter

Facebook quarterly revenue beats estimates, rises to $21.47 New! 2020-10-29 16:28:16Net income came in at $7.85 billion, or $2.71 per share, compared with $6.09 billion, or $2.12 per share, a year earlier

Covid-19: Remittances to India to drop by 9% New! 2020-10-29 15:51:25India followed by China, Mexico, the Philippines, and Egypt continue to be the top five countries in 2020 to receive foreign remittances, the World Ba

Saurabh Mukherjea settles insider trading case with Sebi, New! 2020-10-29 15:40:22Analyst and money manager allegedly procured price-sensitive information from senior officials of Mannapuram Finance in 2013

India's yearly gold demand in 2020 can be New! 2020-10-29 15:37:04According to the World Gold Council (WGC), gold demand in India thus far in CY20 stands at 252 tonnes, as compared to 496 tonnes in the same period la

FIs to turn discriminatory in 2021 while investing New! 2020-10-29 15:36:02While overall FII sentiment has been positive, thanks to the low interest rate regime, analysts say India has managed to bag more than its fair share

Indices fall for second straight session as investors New! 2020-10-29 15:34:43Depreciating rupee and weak Q2 results from blue-chips further sap risk appetite

Hope of recovery as core sector fall narrows New! 2020-10-29 15:24:00Coal, electricity and steel, which constitute over half of the core sector index, showed a rise in production in September

Air India bidding to be on enterprise value, New! 2020-10-29 15:20:23Minister says says bidding will be completed by end of December, will attract parties who till now had constructed the debt amount as a minimum thresh

Shapoorji Pallonji Group stakes claim in all Tata New! 2020-10-29 15:16:25Mistry family's group claims a 13.22 per cent stake in Tata Consultancy Services and a pro-rata share of the Tata brand

WeWork eyes traditional companies, MNCs to hit profitability New! 2020-10-29 15:05:11Although the company is seeing demand gradually return to pre-Covid levels, it will still take up to the middle of next year for the demand to return


Ripple to Invest in SBI Subsidiary’s MoneyTap New! 2020-10-29 08:44:16 Ripple plans to invest in the blockchain payment company MoneyTap.

Paxful Releases Crypto Card in Mexico New! 2020-10-29 07:21:23 The platform has teamed up with a Spanish neobank for the launch.

Crypto Startup Avanti Receives US Bank Charter Status New! 2020-10-29 06:08:10 Cryptocurrency firm Avanti Financial Group has just received a license from the Wyoming State Banking Board.

Bitcoin Slides Below $13,200 New! 2020-10-29 04:40:22 What is happening this morning with the largest crypto by market cap?

Bitwise Forecasts Double Surge of Financial Advisors in 2020-10-28 16:57:53 Bitwise's CEO sees the greatest demand from multifamily offices, financial advisors and hedge funds.

Gemini Opens EUR Deposits and Trading 2020-10-28 15:59:46 The exchange's users can now purchase all cryptocurrencies listed in the platform with EUR.

MicroStrategy CEO Reveals His Own Bitcoin Hodlings 2020-10-28 14:55:43 The value of the bitcoin investment of the analysis software provider has jumped by nearly $100 million over the past two months.

Coinbase Rolls Out Crypto Card with 1% Rewards 2020-10-28 14:07:04 The exchange's clients in the US can already join the waitlist for Coinbase Card.

Societe Generale Selects ConsenSys for CBDC Development 2020-10-28 12:44:05 ConsenSys joined Forge, an integrated subsidiary of Societe Generale Group.

Cambodia Launches National Digital Currency 2020-10-28 11:30:37 The blockchain-based currency supports operations in both the US dollar and Cambodian riel.

IIAwards - Review of Frankfurt Stock Exchange 2020-10-28 11:00:00 Review of Frankfurt Stock Exchange as part of our IIAwards.

MicroStrategy Makes $100M From BTC Investments 2020-10-28 09:11:22 The value of the Bitcoin investment of the analysis software provider has jumped by nearly $100M over the past two months.

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