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Stocks wobble as investors review earnings, inflation data

Stocks wobbled between small gains and losses on Wall Street Wednesday as investors reviewed several corporate earnings reports and the latest data onRead More



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ABC News: Money

GM 3Q profit falls 40% to $2.4B as New! 2021-10-27 11:34:46High prices for trucks and SUVs helped General Motors post a $2.4 billion third-quarter profit

Retail trade group sees holiday sales gain of New! 2021-10-27 11:26:00The National Retail Federation expects that holiday sales gain could shatter last year’s record-breaking season even as a snarled global supply

McDonald's sales surged 14% as virus restrictions eased New! 2021-10-27 11:08:46McDonald’s is reporting stronger-than-expected sales in the third quarter, boosted by larger orders and higher prices on the menu

EU court tells Poland to pay $1.2M a New! 2021-10-27 10:57:04The European Union's top court has fined Poland $1.2 million a day to prevent what it called “serious and irreparable harm” to the EU&rsq

EXPLAINER: What's a 'wealth tax' and how would New! 2021-10-27 10:56:58To help pay for his big economic, Biden is looking to go where the big money.

Slovenia eyes possible lockdown as COVID-19 infections surge New! 2021-10-27 10:53:15Slovenia's health minister is warning the country could face a nightmare scenario if it does not contain its coronavirus outbreak, which is coming am

Stocks wobble on Wall Street, easing back from New! 2021-10-27 10:41:11Stocks wobbled in morning trading on Wall Street Wednesday, a day after the S&P 500 and the Dow Jones Industrial Average set their latest record h

Judge rejects challenge to Southwest's vaccine mandate New! 2021-10-27 10:30:15A federal judge says Southwest Airlines is within its rights to require employees to get vaccinated against COVID-19

Boeing posts $109 million Q3 loss amid jet New! 2021-10-27 10:18:17Boeing is reporting a loss of $109 million for the third quarter as it struggles to resume deliveries of the 787, a large plane that is popular on int

Young women boycott UK nightclubs over 'spiking' concerns New! 2021-10-27 09:28:17Young women across the U.K. are boycotting nightclubs and pubs as university cities join in a national “girls night in” protest after incr

Possible rise in baguette prices poses crunch for New! 2021-10-27 09:24:01A hike in the cost of wheat is alarming French households.

Greece woos investments on Chinese foreign minister's visit New! 2021-10-27 09:22:01China's Foreign Minister Wang Yi met with Greek officials on Wednesday during a visit to Athens, with talks touching on Chinese investment in Greece,

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.

Economy

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.

Home Page

ITC Q2 consolidated net profit rises 10.09% at New! 2021-10-27 11:35:38ITC Ltd on Wednesday reported a 10.09 per cent increase in its consolidated net profit to Rs 3,763.73 crore for the second quarter ended in September

Govt appoints veteran banker K V Kamath as New! 2021-10-27 11:30:03The institution has been set up to support the development of long-term non-recourse infrastructure financing.

LIVE: FinMin asks ministers to clear Air India New! 2021-10-27 11:00:12LIVE: Supreme Court has constituted an independent expert committee to probe Pegasus snooping allegations. Bombay HC will hear bail plea of Aryan Khan

Tata Chemicals' Q2 net profit jumps 88% on New! 2021-10-27 10:56:07Tata Chemicals Ltd posted an 88 per cent jump in its consolidated net profit to Rs 248 crore in second quarter of the FY2021-22, mainly due to a rebou

Forex reserves surge by $58.38 bn in Mar-Sep New! 2021-10-27 10:52:58The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday

Delhi Assembly summons Facebook again in connection with New! 2021-10-27 10:09:34The summons says it is a continuation of its notice sent to Facebook in Feb and refers to SC verdict on the matter in July; FB asked for names of repr

Bihar panchayat elections to automate vote counting with New! 2021-10-27 09:42:57Staqu will deploy its proprietary Video Analytics system, powered by advanced AI, to count votes directly from the camera by monitoring the EVM screen

Pandemic hurt to global employment much worse than New! 2021-10-27 09:26:08In what it termed a "dramatic revision," the Geneva-based group now estimates that global hours worked this year will be 4.3% below their pre-pandem

Nykaa anchor book subscribed 40x on strong institutional New! 2021-10-27 09:03:56A clutch of large foreign as well as domestic funds have submitted bids worth over Rs 95,000 crore

Bharat Biotech's US partner Ocugen files request to New! 2021-10-27 08:53:41Ocugen has already sought regulatory approval from Health Canada for Covaxin to be used in that country

India criticises China for 'unilateral' move to bring New! 2021-10-27 06:56:50Last week, China's national legislature adopted the new law on the protection and exploitation of the land border areas, which could have bearing on

Volume, export growth help Arvind Ltd post Rs New! 2021-10-27 06:02:40Firm had posted a loss of nearly Rs 6 cr in the year-ago quarter


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