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ABC News: Money

Stocks mostly higher as tech rise; bond yields 2021-02-26 10:06:15Stocks were mostly higher in early trading Friday as technology companies, which had been beaten down in recent days, started to recover

US consumers rebound to boost spending 2.4% as 2021-02-26 10:03:04Bouncing back from months of retrenchment, America’s consumers stepped up their spending by a solid 2.4% in January in a sign that the economy m

Explosion strikes Israeli-owned ship in Mideast amid tension 2021-02-26 10:01:50An explosion has struck an Israeli-owned cargo ship sailing out of the Middle East, an unexplained blast renewing concerns about ship security amid es

Volkswagen weathers pandemic with $10.7 billion profit 2021-02-26 09:48:45German automaker Volkswagen made 8.8 billion euros, or $10.7 billion, last year despite the pandemic

Third US vaccine could raise question: Which shots 2021-02-26 09:41:19The U.S. is poised to get a third vaccine against COVID-19, and health officials are girding for questions about which one is best

House to vote on virus bill; arbiter says 2021-02-26 09:34:03Democrats are ready to shove a $1.9 trillion COVID-19 relief package through the House on Friday

BA parent company books huge loss, pushes for 2021-02-26 08:48:18The parent company of British Airways and Iberia says it lost 6.9 billion euros ($8.3 billion) last year as the pandemic caused a near-total collapse

Boeing 777 makes emergency landing in Moscow: Reports 2021-02-26 08:30:16Russian media report that a Boeing 777 made an emergency landing in Moscow in the early hours on Friday after a pilot reported a problem with the engi

Germany's Birkenstock selling majority stake to investors 2021-02-26 06:28:00Germany’s Birkenstock, known for its upmarket sandals, says it is selling a majority stake to private equity firm L Catteron and affiliates incl

It's a smash hit! Chinese return big-time to 2021-02-26 06:27:34The thrills of the big screen are back in the world’s largest film market.

Vaccination 'passports' may open society, but inequity looms 2021-02-26 04:02:16Governments say proof of vaccination will help speed economic recovery.

COVID-19 bill must drop minimum wage hike, arbiter 2021-02-26 01:30:30The Senate parliamentarian has dealt a potentially lethal blow to Democrats’ drive to hike the minimum wage, deciding that the cherished progres

L.A. Times - Business

Hotel workers allege luxury Santa Monica hotel violates 2021-02-25 22:48:42Housekeeping workers at the JW Marriott Santa Monica Le Merigot filed a complaint on Thursday with the California Division of Occupational Safety and

CNN's Don Lemon sells Harlem condo for $1.525 2021-02-25 15:00:30After eight years of ownership, CNN anchor Don Lemon has sold his three-bedroom condo in Harlem, N.Y., for $1.525 million.

Why are people spending hours on Clubhouse? It's 2021-02-25 11:08:04Influencers of all stripes are racing to build up their followings on Clubhouse, spending hours a day on the audio app. Why are people doing this?

Column: Internet providers put hypocrisy on full display 2021-02-25 08:00:31After a judge said California could proceed with net neutrality rules, industry groups said this would "confuse consumers and deter innovation."

Engine failure on a Boeing 777 plane this 2021-02-25 08:00:05Engine failures on commercial planes happen with some frequency. Modern jets are designed to fly safely for a while even after one engine quits.

With computer chips scarce, Biden orders supply chain 2021-02-24 19:51:42President Biden wants to review supply chains for semiconductors, advanced batteries, medical supplies and rare earth metals amid concerns the U.S. is

Lakers' Dennis Schroder lands in Tarzana 2021-02-24 17:18:10Lakers point guard Dennis Schroder has shelled out $4.275 million for a modern Tarzana home with a basketball court.

Mike Huckabee hauls in $9.4 million for Florida 2021-02-24 14:39:16In Florida, former Arkansas Gov. Mike Huckabee just sold his three-story beach house overlooking the Gulf of Mexico for $9.4 million.

Disney California Adventure park to reopen for food 2021-02-24 14:21:53A Touch of Disney at Disney California Adventure will welcome ticketed visitors to stroll through the park and purchase food, drinks and merchandise.

Column: Neera Tanden and the 'civility' police 2021-02-24 13:43:58OMB nominee Neera Tanden is being keelhauled by conservatives for incivility on Twitter. Where have they been for four years?

Column: Providence Health denies claim that it's punishing 2021-02-24 08:08:08A Catholic hospital chain blames its partner, Hoag Memorial Hospital, for their bad blood.

How far will Biden go to fix the 2021-02-24 08:00:18Sempra Energy is seeking federal approval for a new proposal to ship fossil fuel overseas.

Economy

Powell says inflation is still 'soft' and the 2021-02-23 10:06:39Powell said price pressures remain mostly muted and the economic outlook is still "highly uncertain."

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.

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Economic Affairs Secy Tarun Bajaj to take charge New! 2021-02-27 11:09:53The Centre has decided to not give an extension to Finance Secretary Ajay Bhushan Pandey who was also holding additional charge of the revenue departm

Private hospitals can charge up to Rs 250 New! 2021-02-27 10:18:00Beneficiaries will be able to self-register in advance by downloading Co-Win and also through other platforms such as Aarogya Setu

We must continue to trade with China: Bajaj New! 2021-02-27 08:46:15Bajaj said goods should be procured from wherever they are most competitively available

Reliance partners with Google, FB for digital payment New! 2021-02-27 07:42:56Fintech player Infibeam is also involved in the effort, the report said

US House passes $1.9 trillion pandemic bill on New! 2021-02-27 06:48:55This is a win for President Joe Biden

Ind-Ra upgrades fiscal year 2021 credit growth estimates New! 2021-02-27 06:42:11Improved economic environment in 2H FY21 helped

India-Bangladesh hold high level talks to discuss security New! 2021-02-27 05:50:14The talks "appreciated the cooperation between the two countries and the action taken to address the menace of terrorism and extremism in an effectiv

JLR to take a write off of 1.5 New! 2021-02-27 03:48:20This will be the second biggest hit for Tata Motors-owned firm since FY19

PM Modi asks toy makers to use less New! 2021-02-27 02:18:36Prime Minister Narendra Modi on Saturday asked the toy manufacturers to use less plastic and more eco-friendly material. He urged them to focus on inn

US owes India $216 bn as American debt New! 2021-02-27 01:42:30In 2020, the US national debt was $23.4 trillion, that was $72,309 in debt per person

Inflation range of 2-6% is appropriate for monetary 2021-02-26 16:13:54Even as the foreword of the report has been written by RBI governor Shaktikanta Das, the report is not the official view of the central bank

Fiscal deficit hits Rs 12.34 trillion at end 2021-02-26 15:56:01The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)


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