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Economy

ABC News: Money

US stocks notch solid gains as China stabilizes 2019-08-06 17:06:55Stocks closed broadly higher Tuesday as Wall Street regained its footing a day after the market had its biggest decline in a year

Trade war tensions ease a bit as China 2019-08-06 16:51:27Move suggests China might try to avoid using the yuan as a weapon in trade war.

Take-Two, Aramark rise; Mosaic, Energizer fall 2019-08-06 16:50:28Take-Two, Aramark rise; Mosaic, Energizer fall

Barneys seeks bankruptcy protection, closes most stores 2019-08-06 16:36:43Barneys New York files for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online and real estate costs soar

Markets Right Now: Stock indexes claw back some 2019-08-06 16:11:14Stocks are closing broadly higher on Wall Street as gains by technology companies and banks helped the market gain back almost half the ground it lost

Correction: Mylan-Pfizer story 2019-08-06 12:43:27Correction: Mylan-Pfizer story

Walmart wrestles with how to respond to active 2019-08-06 12:40:25Walmart wrestles with how to respond to active shooters

US job openings flat in June at 7.35 2019-08-06 11:06:17US job openings mostly unchanged in June at 7.35 million

Global stocks mixed as trade war fears deepen 2019-08-06 08:46:28Stocks in Europe have recovered their poise and U.S. futures have turned after China stabilized its currency, easing some concerns of another escalati

Stocks around the world slide as trade war 2019-08-05 23:49:29Asian stocks follow Wall Street lower on fears escalating US-China trade war will hurt global economy

Lashing back, China lets yuan drop, halts US 2019-08-05 20:00:42Lashing back against Trump's latest tariff threat, China lets yuan drop to 11-year low, suspends farm purchases

US Treasury Department labels China a currency manipulator 2019-08-05 19:43:12Beijing pushed down the value of its yuan, escalating the trade conflict.

Reuters: Business News

Global stocks climb as currency war fears ease 2019-08-06 16:48:12World stock markets inched higher on Tuesday, propelled by solid gains on Wall Street, after China's central bank stepped in to stabilize the yuan, s

Disney earnings miss forecasts as streaming costs rise 2019-08-06 16:41:51Walt Disney Co reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into the streaming media business

Wall Street climbs more than 1% after China 2019-08-06 16:29:25U.S. stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilize the yuan, eas

DuPont considers sale of nutrition and biosciences unit 2019-08-06 16:21:14Industrial materials maker DuPont is considering a sale of its nutrition and biosciences unit, Bloomberg reported on Tuesday, citing people familiar

Brent oil in bear market as China-U.S. trade 2019-08-06 16:07:00Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and Chi

Trump dismisses trade war fears; China warns of 2019-08-06 16:03:22U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China despite a warning from Beijing that Washington's dec

HSBC Global Asset Management names Nicolas Moreau as 2019-08-06 15:56:10HSBC Global Asset Management has appointed Nicolas Moreau as its new chief executive, the firm said in a statement on Tuesday, adding that he will joi

China's Tencent talking to Vivendi about stake in 2019-08-06 15:31:59China's Tencent Holdings Ltd is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA , valuing the music label of Lady Gaga, Ari

Trump vows to help farmers as China halts 2019-08-06 15:03:51U.S. President Donald Trump on Tuesday vowed to protect American farmers against China by signaling to provide further aid if needed, a day after Chin

U.S. appeals court voids Google 'cookie' privacy settlement 2019-08-06 14:48:39A federal appeals court on Tuesday struck down Google's class-action settlement meant to resolve claims it invaded the privacy of millions of compute

New York fashion grandee Barneys files for bankruptcy 2019-08-06 14:09:21U.S. department store operator and fashionista favorite Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, un

Exclusive: China warns India of 'reverse sanctions' if 2019-08-06 14:05:18China has told India not to block its Huawei Technologies from doing business in the country, warning there could be consequences for Indian firms ope

L.A. Times - Business

City National Bank acquires Studio City software company 2019-08-06 06:00:01City National Bank said Tuesday it acquired FilmTrack, a Studio City-based firm that makes software that helps entertainment companies manage their in

Hollywood & Highland center sold; renovations to start 2019-08-05 20:10:06The Hollywood & Highland shopping and entertainment center has been acquired by a real estate partnership that plans to renovate the property, whi

8chan, a site favored by suspected mass shooters, 2019-08-05 19:40:27The forum site 8chan, where multiple suspected mass shooters have posted manifestos, will no longer be supported by Cloudflare.

Former Tinder exec sues company, alleging sexual assault 2019-08-05 18:51:50Rosette Pambakian, Tinder's former head of communications, is suing the dating app's former CEO for sexual battery—and suing the company for r

Josh Hutcherson's Midcentury treehouse 2019-08-05 18:40:19Built in 1951, the single-story dwelling features an expansive treetop deck with a sunken conversation pit and screening room.

Josh Hutcherson's Midcentury treehouse seeks $3.5 million in 2019-08-05 18:39:47In the Hollywood Hills, 'Hunger Games' star Josh Hutcherson is asking $3.495 million for his Midcentury treehouse of seven years.

Video game stocks take a hit after Trump 2019-08-05 18:01:35Activision, Take-Two Interactive and EA saw stock prices fall Monday after President Trump linked "gruesome and grizzly video games" to shootings.

Former Dodger Milton Bradley seeks a hit in 2019-08-05 16:52:23Former major league outfielder Milton Bradley has listed his Encino home of more than a decade for sale at $3.799 million.

Milton Bradley's Encino home 2019-08-05 16:17:27The 7,500-square-foot, Tuscan-inspired house features three staircases, two wet bars, a custom swimming pool and an outdoor pavilion.

Column: A yuan-dollar currency war would do some 2019-08-05 15:34:43The Europeans and Japanese might be most at risk in this arm-wrestling between the world's two most powerful countries.

NBA vet Zach Randolph scores Encino mansion with 2019-08-05 15:33:26Longtime NBA player Zach Randolph has paid $5.195 million for a custom-built mansion with a basketball court in Encino.

Zach Randolph's Encino mansion 2019-08-05 15:09:44Custom-built in 2019, the three-story home expands to a fenced backyard with a pool, cabana, fire pit and basketball court.

Economy

US services growth slows to weakest level since 2019-08-05 10:24:00The Institute for Supply Management (ISM) said its non-manufacturing activity index fell to 53.7 from 55.1 the month before.

Morgan Stanley: If the trade war escalates, a 2019-08-05 07:19:00Morgan Stanley explains why "we will enter recession in 3 quarters" if the trade war continues to escalate.

China reportedly halts US agricultural imports in retaliation 2019-08-05 07:06:00China has halted imports of U.S. agricultural products, escalating the trade war between the world's two largest economies.

US and China will not likely reach a 2019-08-05 02:48:00President Donald Trump's latest tariff threat is "a step away from a solution," said Frank Lavin, a former U.S. ambassador to Singapore.

Trump reportedly overruled advisors in decision to slap 2019-08-04 16:29:00Nearly everyone at an Oval Office meeting objected to Trump's decision to impose additional tariffs, according to The Wall Street Journal.

Jobs report shows labor market solid as economy 2019-08-02 11:02:00July's employment report shows the labor market remains solid, while business investment has turned more cautious due to tariffs and trade friction.

Fed's rate cutting helps provide cover for Trump 2019-08-02 10:46:00The president's move to intensify the trade dispute with China comes with an important backstop.

US consumer sentiment index hits 98.4 in July, 2019-08-02 10:01:00The University of Michigan's final print on its consumer sentiment index for July came in at 98.4, matching its mid-month reading. The consensus esti

Trade deficit remains stubbornly high amid escalating global 2019-08-02 08:31:00The U.S. deficit with its global trading partners edged lower in June but was bigger than expected.

Payrolls rise 164,000 as labor force sets a 2019-08-02 08:30:00Payroll growth rose in line with expectations in July and the unemployment rate remained at 3.7%.

Trump to make EU trade announcement on Friday, 2019-08-02 07:13:00U.S. President Donald Trump will make a trade announcement about the European Union later on Friday, according to a notice from the White House.

Jobs report should show solid but slower trend 2019-08-02 06:35:00The economy is expected to have added 165,000 jobs in July, a drop of about 60,000 from June and possibly the start of a more moderate hiring trend.

NYT > Economy

‘Ready to Rumble’: U.S.-China Fight Puts World Economy 2019-08-06 07:55:37A trade war spills into the realm of currency, with no end in sight.

China’s Currency Moves Escalate Trade War, Rattling Markets 2019-08-06 07:19:12The trade war intensified Monday, as Beijing allowed its currency to weaken and the Treasury Department labeled China a currency manipulator.

How Does China’s Currency Move Put Pressure on 2019-08-06 05:27:57A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the Uni

Fed Wants Workers to Get Pay Faster 2019-08-05 17:21:08The Federal Reserve will create a real-time payment system aimed at narrowing the gap between when pay is deposited and when it is available.

Bad Times in Tech? Not if You’re a 2019-08-05 14:43:13Meet the two Stanford dropouts, both 23, who run Brex, which provides charge cards to start-ups. Its growth is a sign of Silicon Valley’s unflag

As Mortgage-Interest Deduction Vanishes, Housing Market Offers a 2019-08-05 11:08:55President Trump’s tax cuts encouraged homeowners to stop deducting mortgage interest on their taxes, and there is no sign the change has brought

Russians Pull Out Credit Cards, and Consumer Debt 2019-08-05 00:01:12Russians with little experience with debt are relying on easy credit and payday lenders. Now the central bank is trying to cool the lending market.

The Week in Business: The China Trade War 2019-08-03 22:31:26Plus, where should police departments draw the line with facial recognition surveillance?

The Labor Market’s Weak Spot: Jobs Making Stuff 2019-08-03 00:08:59Signs that the trade war may be taking a toll, with more trouble ahead.

Job Growth Slows in July but Remains Solid 2019-08-03 00:00:08The figures suggest the economy is cooling but employers are still pulling in workers from the sidelines.