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Economy

ABC News: Money

US consumer spending up modest 0.2% in February 2020-03-27 09:05:52US consumer spending up modest 0.2% in February before coronavirus began slamming eonomy

Southwest looks to avoid layoffs, Fitch sees US 2020-03-27 09:03:53American Airlines CEO Doug Parker says the company is eligible for about $12 billion of the $50 billion in grants and loans set aside for passenger ai

What you need to know today about the 2020-03-27 08:52:44America's coronavirus infections have surged to the most in the world, and has Italy shut down its industry

House plan on $2.2T virus relief bill hits 2020-03-27 08:50:03House leaders' plan for swift action on a $2.2 trillion package to ease the coronavirus pandemic's devastating toll on the U.S. economy and health c

Stock markets turn lower again as stimulus rally 2020-03-27 08:37:47Shares are down in European trading and expected to drop on Wall Street as investors weigh news of more virus infections against the economic stimulus

Virus changes menus, operations as restaurants struggle 2020-03-27 08:08:28With business sinking under coronavirus outbreak restrictions,the nation's restaurants are transforming operations and menus to try to stay afloat

Staying afloat: $2.2 trillion bill offers economic lifeline 2020-03-27 07:25:49The record $2.2 trillion emergency package that is nearing final approval in Congress is aimed at businesses and families facing a coronavirus cash cr

India's central bank cuts benchmark rate to decade-low 2020-03-27 01:42:33India’s central bank has cut its key interest rate by a sizable 75 basis points to 4.4% from 5.15% to ease financing troubles caused by the coro

Are gun shops 'essential' businesses during a pandemic? 2020-03-27 01:28:33There's no consensus in the U.S. on whether gun shops are considered essential businesses that can remain open during stay-at-home orders meant to sl

Coronavirus deals one-two financial punch to state budgets 2020-03-27 01:03:03The coronavirus is pounding state governments with a financial one-two punch, costing them many millions to try to contain the disease just as busines

Congress locks Trump oversight into $2.2 trillion package 2020-03-27 00:40:15Congress is about to spend $2.2 trillion, but lawmakers intend to keep close watch on where it goes

Virus relief package could help Trump, Kushner businesses 2020-03-27 00:19:03Congress  is looking for ways to control who gets the financial aid moving toward passage

Reuters: Business News

Facebook commits $100 million to support news media New! 2020-03-30 08:27:07Facebook Inc on Monday pledged $100 million in financing and advertising spending to support news organizations, including local publishers in the Un

Futures creep higher as U.S. heads for longer New! 2020-03-30 08:24:18U.S. stock markets inched higher on Monday as President Donald Trump followed last week's passage of $2 trillion in stimulus by extending his stay-at

EasyJet grounds fleet as pandemic pushes airlines to New! 2020-03-30 08:23:00British budget airline easyJet has grounded its fleet of 344 planes and has no clear idea when it might resume flights, it said on Monday, highlighti

Oil plunges to 2002 lows, shares sink again New! 2020-03-30 08:14:08Oil took another stomach-churning 8% dive on Monday and world shares buckled again as fears mounted that the global coronavirus shutdown could last fo

J&J to start human testing of coronavirus vaccine New! 2020-03-30 08:12:29Johnson & Johnson plans to start human testing of its experimental coronavirus vaccine by September and make it ready for emergency use in early

Mylan offers concessions to address EU concerns about New! 2020-03-30 08:05:08Generic drugmaker Mylan NV has offered concessions to address European Union antitrust concerns about its bid for Pfizer's off-patent branded drugs

Fiat Chrysler looks to resume some Italian production New! 2020-03-30 08:01:17Fiat Chrysler (FCA) is looking to resume some vehicle production from next week at three plants in Italy if it gets the green light from the governme

BNY Mellon names interim head Gibbons as CEO New! 2020-03-30 07:34:31Bank of New York Mellon Corp on Monday named interim head Thomas Gibbons as chief executive officer, effective immediately.

Activist investor makes new push for HC2 board New! 2020-03-30 07:25:11An activist investor is stepping up calls for the board of HC2 Holdings Inc to remove Chief Executive and Chairman Philip Falcone as the former hedge

Goldman Sachs sees S&P 500 dividends declining 25% New! 2020-03-30 06:32:58Goldman Sachs said on Monday it expects S&P 500 dividends to fall by 25% in 2020 as certain large dividend-paying industries are particularly vuln

Exclusive: American Airlines in talks to hire Millstein New! 2020-03-30 06:30:17American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion indust

U.S. stimulus package is biggest ever, but may New! 2020-03-30 06:16:17The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up,

L.A. Times - Business

Disneyland and Walt Disney World Resort will remain 2020-03-27 17:13:07Disneyland and Walt Disney World resorts won't reopen April 1 after all. The coronavirus closure has been extended, with no timeline for return.

Trump signs $2-trillion coronavirus stimulus package 2020-03-27 16:53:45House members overrode a Republican's objection to approve the coronavirus relief package, sending it to President Trump, who signed it Friday.

Dead deals, slashed prices: Coronavirus drags down Southern 2020-03-27 16:51:04The coronavirus and its economic fallout are starting to impact the Southern California housing market.

Former Sacramento King Jason Thompson lists lakeside home 2020-03-27 16:48:53Former Sacramento Kings big man Jason Thompson has listed his home in Roseville, Calif., for sale at $1.25 million.

TSA agents will get masks to help prevent 2020-03-27 14:08:24The Transportation Security Administration agrees to supply its officers with masks to wear while screening passengers, according to the agents' unio

Has your favorite shop or restaurant gone out 2020-03-27 13:57:32Are you mourning the loss of a local business that permanently closed amid the coronavirus pandemic? If so, we want to hear from you.

Actress Mamie Gummer sells Hollywood Hills treehouse to 2020-03-27 13:15:27Actress Mamie Gummer just sold her rustic Hollywood Hills treehouse to Jennifer Nicholson for $1.65 million, or $155,000 more than she was asking.

Here are remote jobs that could keep you 2020-03-27 09:00:58Remote jobs for the coronavirus era range from teaching to writing to web development.

Tourism is tanking. So RV and camper companies 2020-03-27 09:00:09The near total collapse of tourism has left recreational-vehicle companies — those that rent or sell RVs and the like — scrambling to surv

Review: FreeUp offers remote jobs for freelancers and 2020-03-27 08:30:24FreeUp is a freelance marketplace for content creators, web developers, tech support, sales and marketing professionals, accounting, translation and a

Their design prescription: Laid-back luxury, homeyness and warmth 2020-03-27 08:30:17This trio turned commercial, residential and fashion design experience into the Transition State firm. Next up: a line of throw pillows.

Column: It's not too soon to think about 2020-03-27 08:00:45It's time to think about how to get workers raises over the long term.

Economy

US housing starts fall less than expected in 2020-03-18 09:28:43U.S. homebuilding fell in February, pulled down by a sharp decline in the construction of multifamily housing units, and could continue to weaken as t

Bernie Sanders calls for monthly $2,000 payment to 2020-03-18 08:56:07Sanders also called for robust unemployment insurance, a moratorium on evictions and a waiver on all student loan payments.

Mnuchin warns senators of 20% US unemployment without 2020-03-18 08:24:48U.S. Treasury Secretary Steven Mnuchin warned Republican senators that the country's unemployment rate could hit 20% if they failed to act on a propo

Banks nearly took down the economy in 2008. 2020-03-18 08:14:32"They want to be part of the solution this time," said one analyst.

Paid leave, unemployment assistance: What the federal government 2020-03-18 08:06:24Some of the biggest policy proposals so far include an announcement from Treasury Secretary Steve Mnuchin that the government is looking at mailing Am

Weekly mortgage applications drop over 8% as interest 2020-03-18 07:20:10A spike in interest rates abruptly ended the refinance boom, pushing mortgage application volume down 8.4%, the Mortgage Bankers Association said.

Nevada to close casinos, businesses and ban dining 2020-03-17 23:32:12The order from Democrat Steve Sisolak Tuesday night follows similar moves by more than 10 other governors as states scramble to mitigate the risk of e

Even with $1 trillion stimulus, hit to economy 2020-03-17 20:25:50The double-barreled approach of a $1 trillion proposed fiscal stimulus program and Federal Reserve policy could help soften the blow of a recession.

The Federal Reserve is adding another program to 2020-03-17 20:22:33In the central bank's latest effort to keep credit markets flowing, the Fed announced a Primary Dealer Credit Facility, which will provide up to 90 d

'No blank check' for airlines seeking more than 2020-03-17 20:17:25Labor unions and some lawmakers want worker and consumer protections if airlines get more than $50 billion in government aid to fight the impact of th

Trump seeks stimulus package potentially worth more than 2020-03-17 20:14:47The White House is seeking a stimulus package worth anywhere from $850 billion to over $1 trillion in a bid to battle the economic impact from the cor

Sheryl Sandberg says Facebook wants to help small 2020-03-17 19:59:46Sandberg said on Tuesday that Facebook will do what it can to help its employees and small businesses manage through the coronavirus outbreak.