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ABC News: Money

Productivity rebounds at solid 5.4% rate in first New! 2021-05-06 08:54:45U.S. productivity posted a sharp rebound in the January-March quarter after having fallen in the previous quarter

More support easing vaccine patent rules, but hurdles New! 2021-05-06 08:51:37France has joined the United States in supporting an easing of patent and other protections on COVID-19 vaccines that could help poorer countries get

US unemployment claims fall to a pandemic low New! 2021-05-06 08:50:21The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign

Netflix series signals racial breakthrough in Italian TV New! 2021-05-06 08:17:11The Netflix series “Zero” that premiered globally last month is the first Italian TV production ever to feature a predominantly Black cast

EU proposes coordinated approach to develop COVID-19 drugs New! 2021-05-06 07:43:17The EU's executive arm has proposed that EU nations join forces to develop and deploy COVID-19 treatments across the 27-nation bloc

Bank of England maintains rates, voices optimism on New! 2021-05-06 07:30:45The Bank of England will keep interest rates on hold and has grown more optimistic about the economic recovery in the U.K. this year as a result of th

Nintendo profits boom as people stuck at home New! 2021-05-06 07:29:46Nintendo’s says its profit for the fiscal year that ended in March jumped 86% on healthy sales of the Switch handheld machine as people staying

Republicans promote pandemic relief they voted against New! 2021-05-06 07:20:51Every Republican in Congress voted against the American Rescue Plan.

Biden ready to sell $2.3T infrastructure plan in New! 2021-05-06 07:03:03President Joe Biden will push the case for his $2.3 trillion infrastructure plan in the reliably Republican state of Louisiana

Volkswagen profits jump as China leads pandemic rebound New! 2021-05-06 06:38:55Volkswagen's earnings bounced back strongly in the first quarter

Thailand assures foreign residents they can be vaccinated New! 2021-05-06 06:36:30Thailand is assuring its foreign residents that they can get COVID-19 vaccinations, countering comments by some officials suggesting they would be at

Asian stocks mostly higher on hopes for pandemic New! 2021-05-06 06:30:17Asian shares are mostly higher on cautious optimism that upcoming company earnings reports will reflect a gradual recovery from the damage of the pand

L.A. Times - Business

Lindsey Vonn and P.K. Subban sell Beverly Hills 2021-05-05 19:22:06After a year of ownership, Olympic skiier Lindsey Vonn and NHL star P.K. Subban just sold their Beverly Hills home for $6.9 million.

Ruckus in the skies: What happens when airline 2021-05-05 18:10:21Incidents of passengers being unruly — ignoring crew members' instructions, fighting and refusing to wear a mask — have been surging, acc

Mötley Crüe's Tommy Lee buys a Japanese-inspired spread 2021-05-05 16:25:20Musician Tommy Lee just paid $4.15 million for a Japanese-inspired retreat in Brentwood, complete with a tearoom, koi pond and garden room.

Column: Peloton reverses on recall. Hurting kids isn't 2021-05-05 13:29:54After digging in its heels and refusing to recall its Tread+ exercise machine, Peloton now says it will recall the treadmill and expressed remorse.

How to score a seat on Blue Origin's 2021-05-05 12:57:04Jeff Bezos' Blue Origin space company will make one seat available to the public on the July 20 trip in its New Shepard space capsule.

Column: Facebook's non-decision on banning Trump does no 2021-05-05 12:31:17Facebook's vaunted Oversight Board just punted on its most important decision.

Facebook board upholds Trump exile, sends final decision 2021-05-05 09:18:30Facebook's Oversight Board delivers its long-awaited verdict on the Donald Trump ban, only to rule the company must judge for itself what a proportio

California's jobless claim backlog is growing again, sparking 2021-05-05 08:00:57An Assembly panel recommended against creating a new department at a hearing where lawmakers noted a backlog of delayed claims has increased.

Hope grows for an L.A. summer economic boom 2021-05-05 08:00:11L.A. hoping to supercharge economy by summer. But will tourists and office workers really return?

Theranos founder can cite Silicon Valley hyperbole in 2021-05-04 20:03:16Startup CEOs are known for talking big games. A judge says Theranos founder Elizabeth Holmes may bring up that fact in defending herself against crimi

Phil Spector's castle, where he murdered Lana Clarkson, 2021-05-04 19:00:32Phil Spector's longtime home, an Alhambra mansion known as the Pyrenees Castle where he murdered Lana Clarkson in 2003, has sold for $3.3 million.

Amazon warehouse in Rialto fined $41,000 for coronavirus 2021-05-04 17:56:38Cal/OSHA fined Amazon for failing to adequately train workers in coronavirus safety and log 217 COVID cases at its Rialto fulfillment center in 2020.

Economy

Treasury Secretary Yellen says rates may have to 2021-05-04 16:45:32Treasury Secretary Janet Yellen conceded that interest rates may have to rise to keep a lid on the burgeoning economic growth.

U.S. trade deficit surges to record; shortfall with 2021-05-04 12:35:44The imbalance in goods and services with the rest of the world swelled to $74.4 billion, the Commerce Department reported Tuesday.

The Covid recovery still has a K shape 2021-05-04 11:46:59The recovery from the Covid recession continues to play out unequally, especially for low-wage workers, minorities and those without a college degree.

Fed's Barkin sees higher inflation this year, but 2021-05-03 16:15:16Barkin provided a guidepost for when he might change his mind and vote to tighten policy at least through cutting the monthly rate of asset purchases.

Warren Buffett says Berkshire Hathaway is seeing 'very 2021-05-03 11:43:59"We are seeing very substantial inflation," Buffett said. "We are raising prices. People are raising prices to us and it's being accepted."

Roaring ‘20s economic recovery? For some it'll be 2021-04-30 12:30:14The anticipated economic boom following the covid pandemic has been likened to the "Roaring '20s," but an analyst stressed that not everyone will b

Job growth could surpass 1 million in April 2021-04-29 16:00:11Hiring was strong in April as the economy reopened, and some economists predict more than 1 million jobs were added.

Consumer-fueled economy pushes GDP to 6.4% first-quarter gain 2021-04-29 10:51:03The gross domestic product data marked the second-fastest pace for growth since the second quarter of 2003.

Pending home sales rose less than expected in 2021-04-29 10:27:01Pending home sales rose less than expected in March, as buyers contend with record low supply and higher prices.

Powell says he plans to meet with homeless 2021-04-28 16:57:28Powell, one of the world's most influential economists, has not yet met with members of the homeless encampment near the Fed in Washington.

Fed holds interest rates near zero, sees faster 2021-04-28 16:09:57As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month.

Here’s what changed in the new Fed statement 2021-04-28 14:04:37This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous po

NYT > Economy

Vaccinated Travelers Face Chaos and Confusion New! 2021-05-06 07:13:00The world beckons, especially for those who have been vaccinated, but would-be travelers face a difficult moment when travel possibilities are at odds

‘We’re Suffering’: How Remote Work Is Killing Manhattan’s New! 2021-05-06 05:09:43Landlords cut small retailers a break on rent during the pandemic, but stores are still struggling because too few office workers and tourists have re

Covid and Travel: Why an Estimated 100,000 Americans New! 2021-05-06 05:00:17Consular appointments for U.S. citizens overseas are nearly impossible to come by as many embassies, plagued by Covid restrictions and staff reduction

Restaurants and Bars Rush to Apply for New New! 2021-05-05 23:32:12The industry’s return will serve as a major test of President Biden’s goal of bringing the country back to some version of normal by this

Fed Officials Tamp Down Overheating Concerns 2021-05-05 17:23:01Markets gyrated this week on concern that the Federal Reserve may lift rates earlier. But its policymakers stuck with their patient script on Wednesda

Mozambique Mints a New National Park — and 2021-05-05 13:49:55In the wake of wars, natural disasters and insurgencies, Mozambique is experiencing an environmental renaissance. One of the results is a new and stun

Shopping for Sofas, Hot Tubs or Espresso Equipment? 2021-05-05 12:23:14As Americans with disposable income start shopping again, an odd assortment of products like espresso equipment, sofas and natural deodorant have beco

Can the Biden Agenda Fix Middle America’s Deepest 2021-05-05 10:00:17One key economic goal is to create the virtuous cycles of innovation and jobs that already occur in many coastal cities.

Yellen Says Rates Might Need to Rise as 2021-05-04 17:33:58Ms. Yellen, the Treasury secretary, said that some “modest” increases might be necessary. She later clarified to say that she was not maki

Jerome Powell strikes a hopeful tone but emphasizes 2021-05-03 14:39:10“We will only reach our full potential when everyone can contribute to, and share in, the benefits of prosperity,” the chair of the Federa

Widespread Commodity Shortages Raise Inflation Fears 2021-05-03 12:55:28For products as diverse as lumber and microchips, price increases are filtering through the economy.

Biden’s Proposals Aim to Give Sturdier Support to 2021-05-02 17:39:11His message is that the private sector alone cannot provide security and comfort to the vast majority of Americans.