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ABC News: Money

Deaf Costco worker with mumbling manager won't get New! 2021-02-24 09:08:44A deaf former employee of a South Florida Costco store won’t be collecting the $775,000 a federal jury awarded her in a discrimination and wrong

The Latest: Johnson & Johnson single shot awaits New! 2021-02-24 08:48:45An analysis by U.S. regulators say Johnson & Johnson’s single-dose vaccine protects against COVID-19

J&J single-dose COVID-19 shot poised for FDA decision New! 2021-02-24 08:28:43An analysis by U.S. regulators says Johnson & Johnson's single-dose vaccine protects against COVID-19

ExxonMobil selling some assets for more than $1B New! 2021-02-24 08:26:59ExxonMobil is selling most of its upstream assets in the United Kingdom central and northern North Sea to HitecVision for more than $1 billion

Stocks pick up as investors look to more New! 2021-02-24 08:03:46World shares have picked up on positive economic data in Europe and as investors look to a second day of testimony by Federal Reserve Chair Jerome Pow

Germany finds huge cocaine shipment; Dutch discover 2nd New! 2021-02-24 07:37:00Authorities say German customs officials have found more than 16 metric tons of cocaine in containers that arrived in Hamburg from Paraguay

Edmunds compares new Escalade, Navigator and Mercedes GLS New! 2021-02-24 07:20:19Edmunds compares the 2021 Cadillac Escalade with the Lincoln Navigator and Mercedes-Benz GLS, three of the most desirable luxury SUVs you can buy

German economy grew 0.3% in Q4, better than New! 2021-02-24 06:25:20Official statistics show that the German economy grew 0.3% in last year’s fourth quarter compared with the previous three-month period — a

Biden to order a review of US supply New! 2021-02-24 05:30:00President Joe Biden is preparing to sign an executive order to review U.S. supply chains for large-capacity batteries, pharmaceuticals and critical mi

Nissan ex-CEO tells Japanese court Ghosn's pay was New! 2021-02-24 04:12:15Former Nissan Chief Executive Hiroto Saikawa has told a Japanese court he believed the compensation for his predecessor Carlos Ghosn was too low &ldqu

FAA grounds certain planes after engine failure over New! 2021-02-24 00:25:00The Federal Aviation Administration has ordered airlines in the United States to ground planes with the type of engine that blew apart after takeoff f

Asian shares slip on jitters over inflation, interest New! 2021-02-23 23:15:02Shares are lower in Asia as investors weigh the possibility that inflation might prompt central banks to adjust their ultra-low interest rate policies

L.A. Times - Business

Southern California home prices, sales jump 13% in 2021-02-22 17:41:36Southern California median home prices and sales rose by double digits in January amid a pandemic housing boom driven by low mortgage rates and a desi

Column: The Texas crisis reminds us that 'natural' 2021-02-22 17:24:14Politicians blame nature for recent disasters, but man is responsible.

Developer Rick Caruso eyes $40 million for Malibu 2021-02-22 17:05:57Billionaire developer Rick Caruso, the man behind the Grove and the Americana at Brand, is asking $40 million for his oceanfront home in Malibu.

WhatsApp's Jan Koum drops $87 million on the 2021-02-22 15:12:16After paying $100 million for a Malibu mansion in 2019, WhatsApp co-founder Jan Koum just bought the house next door for $87 million.

Unemployed Californians face months of delays when appealing 2021-02-22 12:29:45The sluggish appeals process marks another setback for the state as its Employment Development Department has been overwhelmed during the COVID crisis

A 'low-cost' plan for California bullet train brings 2021-02-22 08:00:38Seven years after awarding a low-bid high-speed rail contract to a Spanish firm, California is paying for that decision in delays and cost overruns in

Column: UC faces more pressure to shun healthcare 2021-02-21 08:00:57Should the University of California bow down to Catholic restrictions on healthcare services such as abortion and services for LGBTQ patients? The pre

Patrick Soon-Shiong affirms commitment to the Los Angeles 2021-02-19 17:36:52Los Angeles Times ownership refutes Wall Street Journal report of a sale.

It looks like Elon Musk isn't moving Tesla 2021-02-19 17:00:18The electric car maker's application for a permit to expand its Fremont assembly plant undercut its CEO's rhetoric about abandoning California.

Column: In blow to Uber, U.K. court reaches 2021-02-19 15:23:54A U.K. high court ruling threatens Uber's business model there and could be a template for regulators across Europe and beyond.

Can democracy work on the internet? Reddit tells 2021-02-19 13:51:18As social media giants increasingly use their power to censor, Reddit tries another way. But asking users to self-regulate doesn't always work out.

Column: Your car insurer may be using pre-pandemic 2021-02-19 09:00:03A former LAPD detective discovered that his car insurer had quadrupled his pandemic mileage estimate to justify a rate increase.

Economy

Powell says inflation is still 'soft' and the 2021-02-23 11:52:55Fed Chairman Jerome Powell told the Senate Banking Committee that price pressures remain mostly muted and the economic outlook is still "highly uncer

December home prices rose 10.4%, the biggest gain 2021-02-23 09:35:10December is usually the slowest month for the housing market, but price gains didn't slow down one bit in 2020.

Treasury Secretary Janet Yellen makes push for major 2021-02-18 17:49:45"We think it's very important to have a big package [that] addresses the pain this has caused," Yellen told CNBC.

Jobless claims show unexpected move higher 2021-02-18 09:35:46First-time filings for jobless claims totaled 861,000 last week, above the Dow Jones estimate of 773,000.

Homebuilder confidence improves, despite record high lumber prices 2021-02-17 11:16:39Buyer demand for newly built homes continues to surge, and that is keeping builder confidence high even as building material prices climb.

Household debt rises to $14.6 trillion due to 2021-02-17 11:05:20Debt increased 1.4% for the final three months, representing another $206 billion as households took advantage of low interest rates.

Retail sales burst higher in January as consumers 2021-02-17 10:16:23Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021.

‘This is not inflation’: Economist says expectations are 2021-02-17 08:32:16Inflation expectations are detaching from reality, meaning markets might be overplaying the rise in U.S. Treasury yields, says Carl Weinberg, chief ec

Retail sales expected to be strong in January, 2021-02-17 07:33:41Aided by government stimulus checks, consumers are expected to have boosted their spending in January, and the trend is likely to continue.

Fed's Bullard doesn't see asset bubble and doubts 2021-02-16 10:20:13Bullard told CNBC that there aren't clear signs of excesses, though he conceded that stocks are "highly valued on the whole."

Fed's Harker says inflation won't be posing a 2021-02-11 18:50:12Harker faced a question posed repeatedly to Fed officials in recent days over whether its easy monetary policy could stoke price pressures.

Deficit projected at $2.3 trillion for 2021, not 2021-02-11 16:01:10The federal budget deficit is projected at $2.3 trillion in the 2021 fiscal year, a drop from last year but well ahead of anything the U.S. has ever s

NYT > Economy

On the Post-Pandemic Horizon, Could That Be … 2021-02-21 15:00:07Signs of economic life are picking up, and mounds of cash are waiting to be spent as the virus loosens its grip.

Airbnb Is Driving Hosts Elsewhere With Costly Pandemic 2021-02-21 14:30:07Hurt by refunds, some are trying to cut the site out of bookings or taking legal action. The company says it is working to reduce tensions.

Hurt by Lockdowns, California’s Small Businesses Push to 2021-02-19 18:26:51The pain for such enterprises been particularly acute in the state, leading some to back an effort to replace Gov. Gavin Newsom.

Kamala Harris: Women Leaving Work Force During Pandemic 2021-02-18 23:28:57“In one year,” Vice President Kamala Harris said, “the pandemic has put decades of the progress we have collectively made for women

As Winter Sweeps the South, Fed Officials Focus 2021-02-18 21:49:21A top Federal Reserve official says climate scenario analysis could be valuable in making sure that banks mind their climate-tied weak spots.

Global Chip Shortage Challenges Biden’s Hope for Manufacturing 2021-02-18 16:11:22A global shortage of a key component for cars and electronics has shuttered American factories and set off fierce competition to secure supplies.

Should the Feds Guarantee You a Job? 2021-02-18 12:36:32Not long ago, the question was rarely asked. Now, politicians and economists of various stripes are willing to consider it.

Winter Storm Disrupts Automakers, Retailers and Delivery Services 2021-02-17 22:26:39Power outages, natural gas shortages and icy conditions made it hard for automakers, retailers and delivery carriers to operate across much of the Sou

Retail Sales Jumped 5.3% in January, Far Higher 2021-02-17 16:06:16Stimulus money sent at the end of 2020 appeared to translate into spending, rather than saving, reversing three consecutive months of declines.

Biden and China: Administration Rethinks Relations 2021-02-17 14:22:32The Biden administration is under intense pressure to maintain former President Donald J. Trump’s curbs on China, even as it tries to develop a

Pete Wells's Odyssey as Restaurant Critic During Pandemic 2021-02-17 05:00:16To capture New York’s food scene in these times, I’ve adapted to many roles. But the essence of my job remains the same: hunting for a goo

Biden and the Fed Leave 1970s Inflation Fears 2021-02-16 00:25:23Administration and Fed officials argue that workers not getting enough stimulus help is a larger concern than potential spikes in consumer prices.