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Merkel backs 'short, uniform lockdown' across Germany

German Chancellor Angela Merkel has thrown her weight behind calls for a “short, uniform lockdown” as the country grapples with a high levRead More



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ABC News: Money

US average mortgage rates under 3% for first New! 2021-04-22 11:32:00Mortgage rates fell for the third straight week, dipping below 3% for the first time in two months

A philanthropic drive to aid Black women is New! 2021-04-22 11:15:25The needs of Black women and girls have become a focus of philanthropic efforts as major donors seek to narrow a racial wealth gap and address chronic

Jaguar Land Rover halts production because of chip New! 2021-04-22 11:07:23Jaguar Land Rover says it’s suspending production at two U.K. factories, becoming the latest automaker to fall victim to a global shortage of mi

US airline bailout helps Southwest post $116 million New! 2021-04-22 10:53:00With help from Washington, Southwest Airlines is the first major U.S. airline to report a profit since the pandemic started

Shortage cuts into sales of existing US homes New! 2021-04-22 10:34:15Sales of previously occupied U.S. homes fell in March for the second straight month as buyers grappled with a stubbornly low inventory of available pr

Stocks open lower on Wall Street, led by New! 2021-04-22 10:18:20Stocks are opening modestly lower on Wall Street, led by drops in banks and technology companies

US jobless claims fall to 547,000, another pandemic New! 2021-04-22 10:18:11The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign th

ECB head: Europe "on crutches," still needs robust New! 2021-04-22 10:04:00The European Central Bank is leaving its key stimulus programs unchanged with almost 900 billion euros of support still in the pipeline as the economy

German 'emergency brake' plan clears last legislative hurdle New! 2021-04-22 09:31:32A plan by German Chancellor Angela Merkel’s government to mandate uniform restrictions in areas where the coronavirus is spreading too quickly h

Union Pacific profit down 9% but economy will New! 2021-04-22 08:51:45Union Pacific’s first-quarter profit declined 9% as the railroad delivered less freight and its revenue fell

Pope meets with Lebanon's PM-designate, urges end of New! 2021-04-22 08:22:08Pope Francis has met with Lebanon’s prime minister-designate and urged all Lebanese political leaders to “urgently commit themselves to th

Italy investigates no-work hospital employee who earned 538K New! 2021-04-22 07:50:39Italian authorities have placed a half-dozen public hospital officials under investigation for abuse of office after they allegedly allowed a 67-year-

L.A. Times - Business

Hollywood Roosevelt Hotel owner asks $21.5 million for 2021-04-20 17:16:14Tycoon Goodwin Gaw, owner of the Hollywood Roosevelt Hotel, is asking $21.5 million for a Wallace Neff-designed estate in San Marino.

Facebook cracked down ahead of the Chauvin verdict. 2021-04-20 16:03:18The social network's crackdown on posts that may incite violence raises the question of why it doesn't do more to discourage abuse all the time.

Column: Sen. Joe Manchin pushes a sweeping pro-union 2021-04-20 16:02:19Sen. Joe Manchin endorses the pro-labor PRO Act, but it still faces an uphill climb in the Senate.

Santa Barbara County among 5 joining orange tier 2021-04-20 14:41:09With five new additions, 38 of California's 58 counties are now in the orange tier. Three are in the final yellow tier, 17 remain in the red tier.

After NBC calls on HFPA to oust ex-president, 2021-04-20 13:49:46The move comes after Phil Berk sent an email Sunday criticizing Black Lives Matter co-founder Patrisse Cullors and likening BLM to a hate group.

Vice's Shane Smith sells compound for $48.67 million, 2021-04-20 11:54:39Vice Media cofounder Shane Smith just sold his pedigreed estate in Pacific Palisades for $48.67 million, an all-time record for the coastal community.

Endeavor plans to raise over $500 million in 2021-04-20 11:15:30Entertainment giant Endeavor takes second swing at an IPO planning to raise over $500 million for the owner of talent agency WME.

Column: Scammers target a Rolling Stones tribute band, 2021-04-20 09:00:53Scammers are targeting entertainers with a sneaky fake-check racket. A Rolling Stones tribute band almost lost $75,000 to these wild horses.

NFL's Eric Reid fields offers for bucolic New 2021-04-20 09:00:26Eric Reid, the NFL veteran who knelt in protest alongside Colin Kaepernick during the U.S. national anthem, is selling his New Jersey home for $1.85 m

An Earth Day message for California: Move faster 2021-04-20 08:00:49California must ratchet up its ambitions dramatically, leading scientists say.

Two die in driverless Tesla incident. Where are 2021-04-19 20:37:51Auto safety experts and driverless technology advocates hope someone will put an end to Tesla's word games and rule-skirting.

Feeling the chill, Demi Lovato apologizes for blasting 2021-04-19 19:44:46Singer Demi Lovato slammed L.A. fro-yo shop the Bigg Chill for what she called promoting toxic diet culture. The store, and its many fans, hit back.

Economy

The economy is running on a stimulus-fueled caffeine 2021-04-15 07:02:38The path beyond this rocket-fueled year looks far less clear.

Jamie Dimon says U.S. consumers are 'coiled, ready 2021-04-14 19:35:34Many Americans have received three rounds of stimulus checks and enhanced unemployment benefits since the pandemic began, helping forestall a wave of

'When is the housing market going to crash?' 2021-04-13 13:24:36Google reported last week that the search "When is the housing market going to crash?" had spiked 2,450% in the past month.

Consumer prices rise more than expected, pushed by 2021-04-13 10:03:32The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor.

The third round of stimulus checks helped, but 2021-04-12 13:45:13While the number of Americans going hungry and unable to pay their bills fell last month, new data shows that millions are still struggling. 

Powell says it's 'highly unlikely' the Fed will 2021-04-12 07:04:51"I think it's highly unlikely that we would raise rates anything like this year," Powell told CBS' "60 Minutes."

Fed Chair Powell says economy about to grow 2021-04-11 14:51:33The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Jerome Powell said.

Weekly jobless claims higher than expected 2021-04-08 11:18:57Jobless claims totaled 744,000 for the week ended April 3, well above the Dow Jones estimate of 694,000 and the previous week’s 728,000.

U.S. confident vast majority of developed nations will 2021-04-07 18:17:13Adeyemo said the White House's broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.

Fed's Brainard says the economy is improving but 2021-04-07 17:52:20Brainard said that while the U.S. economic outlook has "brightened considerably," it remains well away from the central bank's goals.

Fed officials say easy policy will stay in 2021-04-07 17:37:12Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation.

Jamie Dimon says economic boom fueled by deficit 2021-04-07 12:36:15While he is bullish for the economy's immediate future, he sees serious challenges for the U.S., thanks to political and societal dysfunction.

NYT > Economy

Why Amazon’s Workers Sided With the Company Over 2021-04-16 11:35:10Pay, benefits and an aggressive anti-union campaign by the company helped generate votes at a warehouse in Alabama.

John Williamson, 83, Dies; Economist Defined the ‘Washington 2021-04-16 11:04:04A careful pragmatist, he regretted the way his term, aimed at developing countries, was misinterpreted by free-market ideologues and anti-globalizatio

Signs of Economic Hope Are Growing, Some With 2021-04-16 10:38:11Soaring retail sales and a sharp drop in jobless claims are the latest reflection of a quickening recovery and suggest a year of remarkable growth.

Covid-19 Pushes India’s Middle Class Toward Poverty 2021-04-16 08:53:05The pandemic sent 32 million people in India from the middle class last year. Now a second wave is threatening the dreams of millions more looking for

China’s First-Quarter Growth Is Expected to Boom on 2021-04-16 08:21:11The world’s traditional growth engine reported an 18.3 percent leap in the first quarter. But consumers and small businesses aren’t fully

Unemployment Is High. Why Are Businesses Struggling to 2021-04-16 05:00:23Health concerns, expanded jobless benefits and still being needed at home are among the reasons would-be workers might be staying away.

What Will Happen to All the Empty Office 2021-04-16 05:00:23Commercial real estate has been hit hard by the pandemic, but there are plans to convert some of the now empty spaces into apartment buildings.

Biden Takes On Sagging Safety Net With Plan 2021-04-15 11:24:59The proposal to spend $400 billion over eight years faces political challenges and a funding system not designed for the burden it has come to bear.

Week’s unemployment claims fall to lowest level of 2021-04-15 11:22:40Applications for jobless claims have been stubbornly high for months, but reopenings have bolstered confidence in a dynamic recovery.

Voters Like Biden's Infrastructure Plan; Taxes Are an 2021-04-15 05:00:15A Times poll shows large majorities back spending on roads, ports, broadband and more. But Republicans aim to make corporate tax increases the issue.

Hundreds of Companies Unite to Oppose Voting Rights 2021-04-14 07:36:43Amazon, Google, G.M. and Starbucks were among those joining the biggest show of solidarity by businesses over legislation in numerous states.

NYC Retail Zones: Midtown Has Been Empty, but 2021-04-13 22:06:39Shopping locally has helped foot traffic in some commercial districts across the city return almost to prepandemic levels.

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Lenders to withdraw debt recast if Future Group-RIL New! 2021-04-22 11:01:11Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat

Coronavirus LIVE: Maharashtra reports over 67,000 new cases New! 2021-04-22 10:57:22Coronavirus live updates: India has added 1,737,683 Covid cases in the last 7 days. Stricter curbs in Maharashtra from today. Stay tuned for corona-re

Bengal polls LIVE: EC allows public meetings with New! 2021-04-22 10:56:42West Bengal election live updates: Prominent names in the sixth phase of the Assembly polls include BJP's national vice president Mukul Roy. Stay tun

IPL 2021 LIVE SCORE, RCB vs RR: Rajasthan's New! 2021-04-22 10:51:36Both the teams have made one change each in their playing 11s. Check IPL live score and RCB vs RR live scorecard here

MPC: Covid surge, lockdowns add uncertainty to growth New! 2021-04-22 10:35:48External member Jayanth Varma saw little merit in persisting with RBI's forward guidance as it failed to flatten the yield curve, and the pandemic ma

Covid: No oxygen stock left in 6 private New! 2021-04-22 10:01:09'Police and senior officials of administration in UP and Haryana are stalling the tankers carrying oxygen, delaying the tankers to reach Delhi hospit

Indian Navy races to rescue oxygen-stressed Indonesian submarine New! 2021-04-22 09:54:14Indonesia shares a "comprehensive strategic partnership" with India, which binds it to assist. Even more important is its image as the naval power w

Covid: Bank branches to reduce business hours, offer New! 2021-04-22 08:36:19In the wake of surge in coronavirus cases across the country, Indian Banks' Association mandates 50% attendance for banks, business hours to be reduc

With economy lagging, ECB keeps policy unchanged, faces New! 2021-04-22 08:03:18Economy well placed for quick recovery, says European Central Bank

Delhi HC directs strict compliance of Centre's oxygen New! 2021-04-22 07:23:55HC directs Centre to provide adequate security to lorries transporting oxygen and form dedicated corridors

Covid: No restrictions on inter-state movement of medical New! 2021-04-22 07:14:24No authority shall attach oxygen carrying vehicles; DM, SP will be held responsible if any disruption in oxygen supply is found, says MHA

Modi govt has enough money but would not New! 2021-04-22 07:07:00Mamata Banerjee asserted that the Centre should not allow differential pricing of Covid-19 vaccines


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