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Biden names women of color to lead White House budget office

President Joe Biden is nominating Shalanda Young to head the Office of Management and BudgetRead More

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ABC News: Money

Putin hopes WHO soon approves Russia's Sputnik V New! 2021-12-05 14:24:26He says the move is essential for expanding its global supplies.

Deutsche Welle suspends cooperation with Jordan broadcaster New! 2021-12-05 13:46:45German international broadcaster Deutsche Welle says it is suspending cooperation with a Jordanian partner, Roya TV, because of concerns about anti-Is

Austin: Allies, innovation key to US competition with 2021-12-04 20:30:45Defense Secretary Lloyd Austin says the Pentagon intends to work better with private industry to develop high-tech systems and to strengthen relations

UK tightens travel testing rules amid omicron concerns 2021-12-04 17:31:06Britain’s government has tightened travel restrictions amid concerns about the spread of the omicron coronavirus variant

Trump media partner says it has lined up 2021-12-04 14:46:12The partner has agreements for $1B in capital from institutional investors.

Anti-lockdown protesters march through Dutch city of Utrecht 2021-12-04 11:54:26Thousands of people have marched peacefully through the Dutch city of Utrecht to protest the government’s coronavirus lockdown measures

US drugstores squeezed by vaccine demand, staff shortages 2021-12-04 10:28:49A rush of vaccine-seeking customers and staff shortages are squeezing drugstores around the country

Protesters block roads in Serbia to criticize mining 2021-12-04 09:20:53Thousands of protesters have gathered in Belgrade and other Serbian towns and villages to block roads and bridges despite police warnings and an intim

BP oil spill fund: $103M to projects in 2021-12-04 08:34:08Alabama, Florida and Mississippi are receiving more than $103 million in BP oil spill settlement money for new and continued coastal projects

Time is no ally as Dems strain to 2021-12-04 00:38:01Democrats are hoping that Congress is nearing the finish line in its seven-month trek on President Joe Biden’s $2 trillion social and environmen

Biden signs stopgap funding bill to keep government 2021-12-03 19:30:32President Joe Biden has signed into law the stopgap spending bill that will keep the federal government running through Feb. 18

DAs, retailers say California needs tougher retail theft 2021-12-03 18:59:50Prosecutors and retailers are pushing back on assertions by California’s governor and attorney general that they have enough tools to combat sho

L.A. Times - Business

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

Officials say the ports logjam is easing, but 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

PG&E to pay $125 million in fines and 2021-12-02 23:23:32The California Public Utilities Commission approved the penalties for violations linked to the start of the 2019 Kincade fire, which burned more than

Uber agrees to pay $9-million California settlement on 2021-12-02 18:11:29The ride-hailing company failed to comply with regulators' demands for information about sexual assault claims by customers and drivers over nearly t

Golden Globes group's chief diversity officer says the 2021-12-02 17:03:10With the embattled Hollywood Foreign Press Assn. working to come back from months of controversy, its newly hired chief diversity officer is optimisti

Tyra Banks tries to sell her fifth Pacific 2021-12-02 09:00:31Supermodel and TV host Tyra Banks is looking to sell her fifth home in Pacific Palisades, listing the contemporary residence for $7.895 million.

Column: This proposed ballot measure would make you 2021-12-02 09:00:09The More Water Now ballot proposal is a huge budget grab by farmers. It should be nipped in the bud.

USC's new hire Lincoln Riley needs a house. 2021-12-01 16:54:43Norman, Okla., real estate is much different from Southern California's. What can Lincoln Riley, USC's new coach, buy on a multimillion-dollar budge

The Omicron variant is starting to weigh on 2021-12-01 14:42:50As more countries detect cases of the Omicron variant, conferences and business gatherings are being canceled. U.S. travel hasn't yet been curtailed.

Here's why you have many different credit scores 2021-12-01 08:00:58There are many different scoring formulas, resulting in different credit scores. Also, the tax implications of giving away your money.

The American West went through climate hell in 2021-12-01 06:00:18The region has entered a dangerous era of hotter heat waves, ever-more-brutal droughts and a growing threat of violence.


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.

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