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ABC News: Money

Asian shares slide after China Evergrande warns of 2021-12-06 09:51:20Stocks are opening mostly higher on Wall Street, led by gains in airlines and other travel-related companies that would benefit from more reopening of

WHO: No 'doomsday,' but malaria fight disrupted by 2021-12-06 08:38:11The U.N. health agency says the global response to the longtime threat of malaria has taken a hit as the coronavirus pandemic disrupted health service

DoorDash employs full-time workers for fast delivery in 2021-12-06 08:28:49Starting Monday, DoorDash is offering grocery delivery in 15 minutes or less in the Chelsea neighborhood in New York

Nobel Prizes awarded in pandemic-curtailed local ceremonies 2021-12-06 08:22:40Winners of the 2021 Nobel Prizes are receiving their awards in scaled-down local ceremonies adapted for pandemic times

Nehammer sworn in as Austria's third chancellor in 2021-12-06 08:17:18Karl Nehammer has been sworn in as Austria’s third chancellor in two months

China tries to reassure on Evergrande as default 2021-12-06 08:01:47China’s central bank expanded the supply of money for lending Monday as Beijing tried to reassure its public and investors the economy can be pr

Big North Carolina factory likely to be Toyota 2021-12-06 07:54:17North Carolina officials have scheduled a Monday afternoon news conference to announce a major economic development project, which likely will be cons

Taiwan, Slovakia hold talks as island firms ties 2021-12-06 07:52:00Senior officials from the Slovak Republic are in Taiwan for talks on deepening ties with the island in the highest-level visit by the EU-member countr

Treasury wants more oversight of all-cash real estate 2021-12-06 07:39:57The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors' use of the U.S.

Russia reports its first cases of omicron COVID-19 2021-12-06 06:49:01Russian health authorities on Monday said they have confirmed the first two cases of the omicron variant of coronavirus in travelers who returned from

Scientist behind UK vaccine says next pandemic may 2021-12-06 06:25:58One of the scientists behind the Oxford-AstraZeneca COVID-19 vaccine is warning that the next pandemic may be more contagious and more lethal unless m

Japan's Kirin seeks arbitration to help end Myanmar 2021-12-06 03:16:01Japanese beverage giant Kirin Holdings is seeking commercial arbitration in a dispute over unwinding its joint venture brewery in Myanmar

Economy

Hiring was likely strong and employers boosted wages 2021-12-02 17:34:06Job growth was expected to have been strong in November, and employers continued to boost wages to attract workers in an incredibly tight labor market

Jobless claims less than expected as labor market 2021-12-02 10:00:29Initial claims for unemployment insurance were expected to total 240,000 for the week ended Nov. 27, according to economists surveyed by Dow Jones.

CEO survey taken before omicron emergence shows optimism 2021-12-01 10:58:19Strong consumer demand sparked a wave of CEO optimism about the economy over the next six months, the Business Roundtable said.

Mortgage refinance demand plunged 15% last week, but 2021-12-01 10:18:51Mortgage rates rose last week but turned around quickly on news of the omicron variant and comments by the chairman of the Federal Reserve.

Private payrolls post better-than-expected growth of 534,000 in 2021-12-01 10:16:53Private payrolls increased by 534,000 for the month, better than the Dow Jones estimate of 506,000 in a labor market that appears to be getting tighte

Here's why unemployment claims hit their lowest level 2021-12-01 09:26:46Claims for unemployment benefits are trending downward. A seasonal adjustment likely made the most recent data appear rosier than reality.

Home price gains slow down for the first 2021-11-30 18:50:44Home prices are still higher than a year ago, but the gains are now decelerating for the first time since the pandemic began.

Rolling back U.S.-China tariffs would ease inflation in 2021-11-30 01:43:23Eliminating tariffs imposed on goods during the U.S.-China trade war would help ease inflation in the U.S., former U.S. Treasury Secretary Jacob Lew s

Powell to tell Senate omicron variant poses downside 2021-11-29 18:44:31Fed Chair Jerome Powell believes that the omicron variant of Covid-19 and a recent rise in coronavirus cases pose a threat to the U.S. economy.

Biden hosts CEOs to discuss holiday shopping supply 2021-11-29 17:04:13President Joe Biden hosted the CEOs of several major retailers at the White House to discuss efforts to tackle global supply chain bottlenecks and inf

Pending home sales rebounded sharply in October, despite 2021-11-29 13:43:10Signed contracts on existing homes, so-called pending sales, jumped 7.5% from September, according to the National Association of Realtors.

The current inflation run is similar to other 2021-11-27 09:40:31Trying to find a historical parallel to the current run – and, thus, perhaps a way out – isn't easy.

NYT > Economy

United Auto Workers reformers prevail in vote to 2021-12-02 14:20:59Supporters of the change say it will curb corruption. A referendum on the question was required in a consent decree between the union and prosecutors.

How Omicron Could Knock Economic Recovery Off Track 2021-12-02 03:00:12The latest zigzag in the pandemic has already curtailed travel, but its broader impact on growth and inflation isn’t likely to be known for seve

Canada Goose workers vote to unionize in Winnipeg. 2021-12-01 21:27:53After a decisive election, about 1,200 employees of the parka maker will be represented by an affiliate of the Service Employees International Union.

Biden Projects Normalcy and Optimism as Omicron Poses 2021-12-01 19:54:53The president tried to convey holiday cheer as he celebrated Hanukkah and downplayed virus concerns as the variant was detected in California.

A Top Official Says the Fed Will ‘Grapple’ 2021-12-01 15:01:59The president of the New York Federal Reserve said Omicron could prolong supply and demand mismatches, causing some inflation pressures to last.

Powell Says Fed Could Finish Bond-Buying Taper Early 2021-12-01 12:38:23Jerome H. Powell said the Federal Reserve could end its bond-buying program sooner as inflation persists.

Supply Chain Problems Have Small Retailers Gambling on 2021-11-30 14:26:56Some independent stores ordered in bulk well in advance, and now are hoping they’re able to sell what they have.

‘Our Money Has No Value’: Frustration Rises in 2021-11-30 09:55:40President Recep Tayyip Erdogan’s insistence on directing monetary policy and sticking with low interest rates is draining confidence, economists

Supply-Chain Kinks Force Small Manufacturers to Scramble 2021-11-29 13:59:20Facing delays, shortages and higher prices for raw materials, small manufacturers are finding new sources. Not all are able to pass along the costs.

Supply Chain Shortages Help a North Carolina Furniture 2021-11-27 15:38:00The furniture capital of the state is ground zero for inflation, labor shortages, hot demand and limited supply. It’s debating how to cope.

The Holiday Shopping Season Is Here, but Is 2021-11-26 13:47:35Shoppers are returning to stores in much bigger numbers than last year, but the atmosphere is not quite as carefree as the prepandemic days of 2019.

Why Retailers Are Fighting a Vaccine Mandate Before 2021-11-25 20:24:56The Biden administration has called on major companies to help fight the pandemic. Big chains want to get past the holiday staffing crunch first.

L.A. Times - Business

Column: Should you pay an extra fee just New! 2021-12-07 09:00:38L.A. Pizza Hut customers are being hit with an extra charge to help recover "the increased cost of operations in the state of California."

Podcast: Now hiring! Formerly incarcerated people New! 2021-12-07 08:00:32Businesses long rejected applicants with criminal convictions. The current tight job market is changing things

Facing record labor shortages, trucking firms battle fiercely 2021-12-07 06:00:44Recruiters dangle fat pay increases and sign-on bonuses, but a big rig driver still gets little respect. It's a 'gold prison,' says one.

UC San Diego is selling the coastal home 2021-12-06 16:45:23Seven years after famed oceanographer Walter Munk donated his La Jolla home to UC San Diego, the school is putting it up for sale at $5.5 million.

Visiting Disneyland over the holidays? Use the new 2021-12-06 16:00:59The holiday season draws big crowds to Disneyland and California Adventure. These tips can help you make the most of your visit at a busy time.

Column: Has Biden moved to finally kill California's 2021-12-06 15:59:36The Cadiz water scheme has been a dead-project-walking for two decades. Biden may finally put it in the grave.

Should California have a $18 minimum wage? Voters 2021-12-06 09:00:13Joe Sanberg and other anti-poverty activists say California's current path to a $15 hourly minimum wage isn't enough given rising living costs.

Don't throw away money. What to do with 2021-12-03 14:38:36This year you may be able to roll over the unused money in your flexible spending account. But if not, here are ways to spend the balance.

Small businesses eat the cost of inflation: 'Keep 2021-12-03 10:19:17California's small businesses waded through COVID to a rebound in consumer spending, only to face rising costs for supplies and wages.

Publishing heiress asks $43 million for Bel-Air trophy 2021-12-03 09:00:19After buying a $48.67-million mansion this year, billionaire publishing heiress Taylor Thomson is asking $43 million for her Bel-Air estate.

'I need my girlfriend off TikTok': How hackers 2021-12-03 08:00:37Influencers can find fame and fortune on TikTok — but only if their videos stay up. Communities of online trolls and coders say they have tools

Is the ports logjam really getting better? The 2021-12-03 08:00:01Pointing to a 40% reduction in ships anchored off Los Angeles and Long Beach, port officials say new rules are helping with the supply chain backlog a

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Panel orders immediate closure of NCR industries not New! 2021-12-07 09:48:25The Commission for Air Quality Management said violating industries will not be permitted to operate till December 12, 2021

Farm stir likely headed for final act as New! 2021-12-07 09:40:53A final call on the agitation and with it the blockade of roads will be taken at another round of meeting of the SKM on Wednesday at 2 pm, said some l

India unseats Brazil as No.1 food supplier to New! 2021-12-07 09:26:29The Arab world is among Brazil's most important trade partners

TRAI to telcos: Allow port out SMS facility New! 2021-12-07 09:09:59The Telecom Regulatory Authority of India took a strong note of telecom service companies not providing outgoing SMS facility in certain pre-paid vouc

Covid LIVE: Kerala reports 4,656 new cases, 28 New! 2021-12-07 09:00:37There are 40,072 active cases in the state

Spinny enters unicorn club with $283 mn fundraise New! 2021-12-07 09:00:02The latest round includes a primary capital infusion of $250 million and a secondary sale of $33 million by angels and a few seed stage investors

Rohingya refugees sue Facebook for $150 bn over New! 2021-12-07 08:51:58Lawyers filed a class-action lawsuit Monday in California saying Facebook's arrival in Myanmar helped spread hate speech, misinformation and inciteme

RIL firms up first investment in West Asia New! 2021-12-07 08:14:36RIL and TA'ZIZ launch a $2 billion chemical production partnership

SpiceJet to appeal winding up order by HC, New! 2021-12-07 07:44:14The Court on Monday ordered winding up of the airline on a petition filed by Credit Suisse over unpaid dues of $24 million

RBI may keep policy rates steady amid Omicron New! 2021-12-07 06:40:19The last time the RBI changed the policy rate was in May 2020

Those wearing red caps are 'red alert' for 2021-12-07 06:21:35'Those with red caps wish to form the government, to show mercy to the terrorists, to get the terrorists out of jail,' says Modi in Gorakhpur

Here's why govt may link price of coking 2021-12-07 05:59:18About 50 million tonnes (MT) coking coal is imported by the country on an annual basis and the value of coking coal imported in 2020-21 was Rs 45,435


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