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Delta posts $1.2 billion Q3 profit, touts holiday bookings

Delta Air Lines is reporting a $1.2 billion profit for the third quarter, thanks in large part to federal aid to help the industry get through the panRead More

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ABC News: Money

US consumer confidence rebounds in October after 3 2021-10-26 11:33:50U.S. consumer confidence rose in October after three straight declines as the public’s anxiety about the delta variant of coronavirus appear to

New home sales jumped 14% in September 2021-10-26 11:33:13Sales of new homes jumped 14% in September to the fastest pace in six months as strong demand helped offset rising prices

Miles donations are providing flights for Afghan refugees 2021-10-26 11:30:31Ordinary Americans and the nation's airlines are combining to donate miles and cash to help Afghan refugees resettle in the United States

UN chief: 'Leadership gap' undermines global climate efforts 2021-10-26 11:17:30The head of the United Nations says a “leadership gap” is undermining the world’s efforts to curb global warming, days before presid

“Buy it when you see it.” Retailers dread 2021-10-26 11:05:48Smaller retailers are bracing for the all-important holiday season

Solid earnings drive US stocks further into record 2021-10-26 10:44:48Stocks rose in morning trading on Wall Street Tuesday and pushed major indexes further into record heights as investors review mostly solid earnings

FDA advisers review Pfizer’s COVID-19 vaccine for kids 2021-10-26 10:37:18U.S. health advisers are deliberating whether kid-size doses of Pfizer's COVID-19 vaccine are safe and effective in young children

Facebook froze as anti-vaccine comments swarmed users 2021-10-26 10:33:50Last spring, as false claims about vaccine safety threatened to undermine the world's response to COVID-19, researchers at Facebook found they could

US home prices surged in August at near-record 2021-10-26 09:02:38U.S. home prices jumped in August by a near-record amount from a year earlier, as Americans eager to buy a home drove up prices on a dwindling number

Billionaire tax criticized as Biden pushes for budget 2021-10-26 07:54:47A proposed tax on Billionaires is quickly running into criticism.

Higher shipping rates help UPS as Q3 results 2021-10-26 07:26:44UPS’ third-quarter results beat analysts’ expectations, as consumers are paying higher rates to have the package delivery company fulfill

Dutch pension fund to divest from fossil fuel 2021-10-26 04:48:46The Netherlands’ biggest pension fund says it will stop investing in companies that produce fossil fuels

L.A. Times - Business

Pain at the pump: California gas prices are 2021-10-22 18:43:27Prices are so high — and consumers are so perplexed — that a Google search of "Why are gas prices going up?" has spiked this month.

Shaq finally sells Florida mega-mansion for $11 million 2021-10-22 17:10:42After three years of relists, NBA legend Shaquille O'Neal has finally sold his Shaq-sized mansion outside Orlando for $11 million.

California's job growth took a hit as the 2021-10-22 16:41:52California's job growth slowed last month and its unemployment rate remained high as the state struggled to recover economic momentum.

Workers are fed up. But is this really 2021-10-22 14:17:42After decades of stagnating wages and diminishing pension and healthcare benefits, many U.S. workers are fed up. A small but growing number are organi

For a 'bizarre thrill,' visit an open house 2021-10-22 08:00:01Nile Niami's "The One" ultra-mega-mansion won't be hosting an open house, but plenty of other super-luxe homes will. Here's some, and how to find

Southern California will soon have the tallest single-track 2021-10-21 15:14:20An upcoming Wonder Woman ride marks the 20th roller coaster at Six Flags Magic Mountain

Pandemic spurs young families to leave big cities 2021-10-21 09:37:22New telework opportunities could slow exodus from rural America, but housing and lifestyle challenges abound.

Column: Democrats are talking about means-testing more social 2021-10-21 09:00:44Means-testing social programs can doom them to failure. Here's why.

When truckers voted to unionize, their employer retaliated 2021-10-20 23:10:58Mere weeks after a group of port truck drivers voted to unionize, they opened their mailboxes to find termination notices from their employer. That le

El Segundo semiconductor maker goes public in billion-dollar 2021-10-20 18:24:19For faster charging and more efficient use of energy, Navitas thinks gallium nitride beats silicon.

Column: Facebook, fooling no one, may be going 2021-10-20 15:45:03Facebook is reportedly considering a name change. Marketing experts say the move makes sense, both as damage control and as an evolution of the brand.

Column: The IRS wanted a new tool to 2021-10-20 15:02:02President Biden wants to step up the war on tax cheats, so of course the GOP and banks object.


Homebuilder sentiment bounces back despite ongoing supply chain 2021-10-18 10:09:15Homebuilder confidence rose in October thanks to strong buyer demand.

Supply chain chaos is already hitting global growth. 2021-10-18 09:16:44The Covid-19 pandemic has left one very destructive issue in its wake: disruption to global supply chains.

Mortgage originations will drop 33% in 2022 as 2021-10-18 08:53:58The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage point higher than it is now, MBA economists say.

Investors expect the Fed and European Central Bank 2021-10-18 05:57:52A substantial portion of investors expect the U.S. Federal Reserve and the European Central Bank to keep monetary policy slightly too loose for too lo

Fed's Barkin backs tapering plans and expresses concern 2021-10-15 11:17:35Richmond Fed President Thomas Barkin said he's on board with reducing the amount of economic help the central bank is providing.

Retail sales unexpectedly rise in September as consumers 2021-10-15 09:41:36Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems.

Jobless claims fall below 300,000 for the first 2021-10-14 09:54:34Initial claims for unemployment insurance for the week ended Oct. 9 were expected to total 318,000.

Fed says it could begin 'gradual tapering process' 2021-10-13 20:14:44The Federal Open Market Committee on Wednesday released minutes from its Sept. 21-22 policy meeting.

Consumer prices rise more than expected as energy 2021-10-13 11:30:26Consumer prices increased slightly more than expected in September as food and energy price rises offset declines in used cars, the Labor Department s

A record 4.3 million workers quit their jobs 2021-10-13 09:26:47Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the highest level since at least late

Weekly mortgage demand stalls, as rates jump to 2021-10-13 07:00:02Mortgage rates continued their trudge higher last week, leaving most homeowners with little to no incentive to refinance.

September's jobs creation comes up short with gain 2021-10-12 14:45:44Nonfarm payrolls were expected to increase by 500,000 in September, according to economists surveyed by Dow Jones.

NYT > Economy

Persistent Inflation Threatens Biden's Agenda 2021-10-26 11:04:16Supply chain disruptions, a worker shortage and pain at the gasoline pump have made inflation an economic and political problem for the White House.

Biden's Stimulus Is Stoking Inflation, Fed Analysis Suggests 2021-10-26 08:36:00The American Rescue Plan could be pushing inflation up slightly and temporarily, a Federal Reserve Bank of San Francisco analysis said.

Missing Foreign Workers Add to Hiring Challenges 2021-10-25 13:47:48Fewer foreign people have been able to work in the U.S. amid the coronavirus, leaving a hole in the potential labor force.

Rising Rents Stoke Inflation Data, a Concern for 2021-10-22 07:41:05Economic policymakers have said inflation will prove temporary, but rising rents may challenge that view and pressure Washington to react.

Return to Office Makes a Big Difference for 2021-10-22 05:00:32The generational divide on returning to the office is not neatly drawn. For some young professionals, even in a pandemic, showing up is more than half

Stocks Hit a Record as Investors See Progress 2021-10-21 18:02:09After weeks of fluctuations driven in part by Washington gridlock, share prices hit another high and put a dismal September in the rearview mirror.

Fed Ethics Office Warned Officials to Curb Unnecessary 2021-10-21 14:12:09Months later, some Federal Reserve leaders resumed their market activity, stoking a scandal now engulfing the central bank.

OSHA, citing Covid failures, moves to strip three 2021-10-20 06:57:49The agency said Arizona, South Carolina and Utah had failed to adopt rules protecting workers from the coronavirus.

Debate Weighs Price of Biden’s Big Plan vs. 2021-10-19 15:52:20Democrats are debating whether doing nothing will cost more than doing something to deal with climate change, education, child care, prescription drug

Democrats Are Divided on Obama-Era Debt and Spending 2021-10-19 15:51:49A more traditional view is competing against a newer approach that has become mainstream among economists.

The Economic Rebound Is Still Waiting for Workers 2021-10-19 14:32:18Despite school reopenings and the end of some federal aid, many people are in no rush to land a job. Savings and health concerns are playing a role.

Biden's Paid Leave Plan at Risk as Lawmakers 2021-10-18 19:12:37An initial proposal to offer workers 12 weeks of paid leave could be whittled down as Democrats try to trim their $3.5 trillion social policy bill.

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SC appoints expert committee to inquire into Pegasus New! 2021-10-27 02:10:11Supreme Court on Wednesday appointed the committee of experts

LIVE updates: SC orders independent probe into Pegasus New! 2021-10-27 02:09:42LIVE: Supreme Court has constituted an independent expert committee to probe Pegasus snooping allegations. Bombay HC will hear bail plea of Aryan Khan

MARKETS: Broader indices outperform; IRB Infra tanks 8%, New! 2021-10-27 02:04:15Stock market LIVE: Among individual stocks, shares of Berger Paints were up nearly 4 per cent after reports suggested the company will increase prices

IRB Infra locked at 10% lower circuit on New! 2021-10-27 01:40:05IRB Infra has announced two separate equity fundraise of up to Rs 5,347 crore via preferential issue of equity shares, at Rs 211.79 per share, a 28 pe

Swap rates in India surge as traders see New! 2021-10-27 01:30:10The five-year onshore overnight indexed swap, a tool to trade rate expectations, has advanced 31 basis points in October

Hospitals can't charge more than Rs 5,000 for New! 2021-10-27 01:24:51According to the advisory, in case a person is not carrying the card the same must be searched with the Aadhar number of the beneficiary in the Swasth

Paint stocks up on price hike reports; Asian, New! 2021-10-27 00:51:08Paint companies Asian Paints and Berger Paints have taken high-single-digit price increases across their portfolio in a move to offset the rising inpu

Festival season in India fuels its return to New! 2021-10-27 00:31:48India showed more signs of a recovery taking hold last month as its festive season kicked off

Axis Bank dips 4% on profit booking post New! 2021-10-27 00:13:10The bank reported a weak operating performance in the quarter ended September 2021, owing to decline in margin, higher opex and sluggish business grow

Lalit Modi takes dig at BCCI, says even New! 2021-10-26 23:08:49The former IPL chairman on Tuesday made serious allegations against one of the owners of two new teams

COP26: Developing countries can afford the transition to New! 2021-10-26 22:38:55While the rich nations of the global north have led calls to rein in emissions, their less affluent counterparts have largely remained on the sideline

Visa beats quarterly profit estimates on travel, online New! 2021-10-26 18:17:48Total cross-border volume rose 38% on a constant dollar basis from a year earlier

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