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ABC News: Money

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

US consumers rebound to boost spending 2.4% as 2021-02-26 08:45:00Bouncing 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

World shares skid, US futures turn higher after 2021-02-26 08:30:30Shares have fallen in Europe and Asia but U.S. futures turned higher after a rout in technology companies pulled the Nasdaq 3.5% lower in the steepest

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

House to vote on virus bill; arbiter says 2021-02-26 07:21:34Democrats are ready to shove a $1.9 trillion COVID-19 relief package through the House on Friday

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

TikTok owner ByteDance to pay $92M in US 2021-02-26 01:18:51TikTok’s Chinese parent company ByteDance has agreed to pay $92 million to U.S. users who are part of a class-action lawsuit alleging that the v

Asian shares sink after tech rout pulls Nasdaq 2021-02-25 23:01:44Asian shares have skidded after a rout in technology companies pulled the Nasdaq 3.5% lower in the steepest loss for the tech-heavy index since Octobe

Mr. Potato Head drops the mister, sort of 2021-02-25 21:56:00Hasbro created confusion on Thursday when it removed the gender from its Mr. Potato Head brand, but not from the actual toy

L.A. Times - Business

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.

Biden to order review of critical U.S. supply 2021-02-24 05:00:38President Biden wants to review supply chains for semiconductors, advanced batteries, medical supplies and rare earth metals amid concerns the U.S. is

Lena Dunham lists 102-year-old bungalow in Spaulding Square 2021-02-23 15:41:10In Spaulding Square, Lena Dunham of 'Girls' fame is asking $2.795 million for her century-old bungalow of six years.

Airbnb for gardens is a thing. Rent an 2021-02-23 11:00:41Staying indoors is driving us crazy. Thanks to a new company, you can book a garden in Los Angeles just like an Airbnb.

Walton Goggins is selling his Hollywood haunt for 2021-02-23 09:00:15Actor Walton Goggins is asking $3.35 million for his 1920s English country-style residence tucked above Hollywood Boulevard.

Column: Are you giving your pets supplements to 2021-02-23 08:00:37Sales of pet supplements soared by 21% last year as people tried to protect their furry friends from COVID-19. Experts say there's no need.

California legislators approve $7.6-billion COVID-19 package, including $600 2021-02-22 19:30:12Crafted by Gov. Gavin Newsom and legislative leaders last week, the pandemic assistance plan also includes $4 billion in grants, tax breaks and fee wa


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.

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Sensex suffers its worst single-day fall in 10 2021-02-26 16:10:07The Sensex fell 1,939 points, or 3.80 per cent, to end at 49,100 -- its biggest loss since May 4 last year -- while the Nifty closed at 14,529, down 5

GDP grows 0.4% in Q3 after shrinking for 2021-02-26 16:05:47Imputed Q4 GDP seen falling 1.1%; Services to catch up with mfg; Tall growth of 30% in govt spending needed; Investments better than expected, show re

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)

India's core industries output sees marginal 0.1% rise 2021-02-26 15:51:50Growth in core sector output in January was lower than the 0.2 per cent expansion seen in December

GDP grows 0.4% in Q3: Pre-Covid times are 2021-02-26 15:40:16However, the economy grew by a much higher rate of 3.1 per cent in the fourth quarter of 2019-20

Rising bond yields, commodity prices to cap market 2021-02-26 14:33:40According to a recent report by BofA Securities, 31 Nifty50 companies are exposed to commodity-related risks and cautions that the full impact of the

DGCA allows airlines to offer fare discount to 2021-02-26 13:57:39Aviation regulator DGCA on Friday allowed airlines to provide concessions in air fares to customers travelling with no check-in baggage.

Chaos at toll plazas as commuters grapple with 2021-02-26 13:00:56In the absence of the FASTag, the vehicle owner has to pay double the toll amount as penalty to pass through the plaza

IRCTC's AI-based initiative 'ASK DISHA' to help govt 2021-02-26 12:36:02The chatbot powered by artificial intelligence will enable those organisations to answer general queries of the customers and garner good will too

Govt notifies 5-mn-user threshold for significant social media 2021-02-26 12:18:13Facebook and Twitter said they are studying the rules; Experts question compliance with PDP Bill

Mukesh Ambani is again richest Asian as China's 2021-02-26 12:05:14With a net worth of about $80 billion, Ambani is again richer than Zhong Shanshan, whose bottled-water company tanked a record 20 per cent this week

5 assembly polls to begin Mar 27, WB 2021-02-26 11:50:38As many as 186 million voters will be eligible to cast their votes at 270,000 polling stations for 824 assembly seats across Assam, West Bengal, Keral

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