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Consumer spending rebounds in October, inflation elevated

U.S. consumer spending rebound in October, rising by a a solid 1.3%, but inflation was up as well, rising over the past year at the fastest pace in moRead More

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ABC News: Money

Stocks sink on new COVID variant; Dow Jones 2021-11-26 10:30:26A surge in cases and anti-disease controls threaten to disrupt trade and travel.

Stores kick off Black Friday but pandemic woes 2021-11-26 09:59:33Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step towar

Climate activists block Amazon UK warehouses on Black 2021-11-26 09:31:16Climate activists are blockading Amazon warehouses across the U.K. on Friday.

Russia: Death toll in Siberian coal mine blast 2021-11-26 02:30:17Russian officials say 52 miners and rescuers have died after a devastating blast in a Siberian coal mine about 250 meters (820 feet) underground

Asian stock markets sink as traders watch Europe 2021-11-25 22:40:26Asian stock markets have declined as traders weigh the impact of a surge in coronavirus cases in Europe and anti-disease controls that threaten to dis

Europe's Christmas markets warily open as COVID cases 2021-11-25 12:11:37An uneasy feeling has been left hanging over Frankfurt's Christmas market.

Holiday season moves into high gear but challenges 2021-11-25 11:30:32Shoppers buoyed by solid hiring, healthy pay gains and substantial savings are returning to stores and splurging on all types of items

'Get up!' Pope prays that Lebanon can get 2021-11-25 11:17:32Pope Francis says he's praying that God will help Lebanon “get up” and get back on its feet following an unprecedented economic crisis th

Germany latest country to pass 100,000 deaths from 2021-11-25 09:53:06German Chancellor Angela Merkel spoke of “a very sad day” as her country became the latest to surpass 100,000 deaths from COVID-19 since t

Putin says Russia will offer good gas deal 2021-11-25 09:42:25Russian President Vladimir Putin says Moscow will continue providing natural gas to Serbia on terms favorable to its ally

Who's a hero? Some states, cities still debating 2021-11-25 08:54:02While many workers deemed essential in their respective states have already received pandemic hazard pay or hero pay, there are thousands more still w

This worker got jobless benefits; Virginia wants them 2021-11-25 08:44:54A Virginia man is fighting to hang on to $9,000 in unemployment benefits that the state gave him when his compressor plant closed in 2018

L.A. Times - Business

Henry Rollins is selling his industrial compound in 2021-11-23 17:31:55In Nichols Canyon, singer Henry Rollins is shopping around his hyper-masculine home of 13 years for $3.9 million.

Column: Texas court says you can't force a 2021-11-23 11:54:46In victory for public health, a Texas court threw out a ruling requiring ivermectin for a COVID-19 patient.

Is your Christmas present spying on you? How 2021-11-23 09:00:59As more products come with sensors, microphones and internet connections, the privacy risks grow. Look for these red flags in gifts you buy this holid

A new breed of brazen takeover robbers hitting 2021-11-23 08:00:21High-end retailers such as Nordstrom and Louis Vuitton have been targeted by brazen robbers in Northern and Southern California, raising alarm among a

Matt Damon unloads Pacific Palisades mansion for $18 2021-11-22 15:25:10In Pacific Palisades, Oscar-winning actor Matt Damon has sold his architectural mansion to Warner Bros. CEO Ann Sarnoff for $18 million.

Column: Biden nominee Omarova faces an ugly attack 2021-11-22 14:37:10Banks and the right wing know Saule Omarova may be an effective regulator, so they're absurdly attacking her as a communist.

How to find (and survive) a Buy Nothing 2021-11-22 08:00:31Buy Nothing groups are easier to find and join than ever. But there are rules and ethics and etiquette to consider.

What supply chain mess? For Buy Nothing devotees, 2021-11-22 08:00:15Buy Nothing Project group members may be among the few who aren't worried about supply chain problems leading to issues with gifts this holiday seaso

Photos: After a one-year hiatus, L.A. Auto Show 2021-11-19 22:00:55Battery-powered vehicles will get top billing at the Los Angeles Auto Show, which opened this week after a year's hiatus.

Column: A new research paper adds to the 2021-11-19 14:18:24A new study supports the scientific consensus that COVID-19 reached humans from the animal kingdom, not a Chinese laboratory.

Column: Wells Fargo found another way to abuse 2021-11-19 09:00:15Wells Fargo had found a way to charge some of its customers $30 to transfer funds from one division of the bank to another when paying off a mortgage.

A sport-fishing boat pollutes 'as much as 162 2021-11-19 08:00:38Sport-fishing and excursion boat owners feel unfairly targeted by California's Air Resources Board, which recognizes new emission rules will cost bus


Fed members ready to raise interest rates if 2021-11-24 19:21:20Minutes from the November Fed meeting show members concerned about inflation and willing to raise interest rates should it continue to run hot.

Inflation is not going away any time soon 2021-11-24 18:13:46Inflation has blossomed into a chief concern for the White House, which has ramped up efforts to remedy supply-chain interruptions.

The Federal Reserve is likely to become a 2021-11-24 15:24:40Expect more tough talk from the Federal Reserve as it may weigh winding down its bond program sooner than expected.

How climate change is raising the price of 2021-11-24 12:05:31Many of the ingredients that go into holiday pies have been hit by floods, fires and drought, causing shortages and pushing prices higher.

Weekly jobless claims post stunning decline to 199,000, 2021-11-24 11:02:03Initial jobless claims totaled 199,000 last week, the lowest since 1969, easily beating Dow Jones estimates for 260,000.

Key inflation figure for the Fed up 4.1% 2021-11-24 10:42:09Prices for core personal consumption expenditures increased 4.1% from a year ago, the highest since January 1991.

Unusual holiday home-buying surge pushes mortgage demand higher 2021-11-24 07:00:01An unusual fall surge in home buying is driving mortgage demand higher, even as interest rates rise.

Not since Americans came home from World War 2021-11-24 06:39:55Not since Americans came home from World War II has inflation percolated through the economy like it is now, and it could continue to do so for month

Biden picks Jerome Powell to lead the Fed 2021-11-22 19:38:22President Joe Biden made the announcement Monday morning following weeks of speculation that Fed Governor Lael Brainard could get the spot.

Home sales rose in October as investors rushed 2021-11-22 15:11:32Home sales rose in October compared with September, as a larger share of investors moved into the market.

Here's what you need to know about Lael 2021-11-22 14:47:57Biden's decision to nominate Lael Brainard is thought to be the work of progressives, who say she'll put emphasis on climate change and equitability

Market is ‘one more bad inflation report’ away 2021-11-22 10:02:26Long-term market bull Jeremy Siegel warns the Federal Reserve will likely take a more aggressive approach to fighting inflation within weeks.

NYT > Economy

Inflation Surged Again in October, With P.C.E. Index 2021-11-24 16:10:18Prices climbed by 5 percent in the 12 months through October, according to Personal Consumption Expenditures price index data released Wednesday.

For Afghan Refugees, a Choice Between Community and 2021-11-24 16:01:53In resettling thousands of displaced Afghans, the Biden administration must weigh their need for support against the needs of the U.S. labor market.

Inflation Worries Dominated the Federal Reserve’s Last Meeting 2021-11-24 15:54:19Some central bank officials suggested a quicker pace of tapering economic stimulus might be needed.

The Inflation Miscalculation Complicating Biden’s Agenda 2021-11-24 15:38:13Administration officials blame the Delta variant for a prolonged stretch of consumer spending on goods, rather than services, pushing up prices and cr

Initial unemployment claims last week fell to a 2021-11-24 12:13:40On a seasonally adjusted basis, the figure fell to 199,000, a milestone in the economic recovery from the shock of the pandemic.

Ifeoma Ozoma Blew the Whistle on Pinterest. Now 2021-11-24 05:00:27Ifeoma Ozoma, who accused Pinterest of discrimination, has become a key figure in helping tech employees disclose, and fight, mistreatment at work.

Inflation Batters Pakistan and Puts Pressure on Imran 2021-11-23 17:25:14Rising prices and a weakened currency are straining households, intensifying pressure on Prime Minister Imran Khan to find solutions.

As Virus Cases Rise in Europe, an Economic 2021-11-23 14:50:06A series of restrictions, including a lockdown in Austria, is expected to put a brake on economic growth.

Elizabeth Warren Says She Will Oppose Jerome Powell’s 2021-11-23 07:26:03“I will vote against him,” the senator said in a statement, but other powerful lawmakers said his reappointment would provide economic sta

Biden Will Keep Jerome Powell as Federal Reserve 2021-11-22 20:58:10The White House returned to a longstanding pattern in which presidents reappoint the same leader of the Federal Reserve regardless of partisan identit

Lael Brainard is Tapped For Vice Chair of 2021-11-22 19:21:00The longtime Washington insider is now the central bank’s No. 2. That could give her more bandwidth to influence policy.

Thanksgiving Holiday Travel Will Test Airlines 2021-11-22 17:51:31Thanksgiving will be the biggest test of the system’s resilience since the pandemic began, with millions more passengers than last year.

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LIVE: Two SA returnees test Covid positive in New! 2021-11-27 10:00:53Two linked cases of the new Omicron coronavirus variant have been detected in Britain connected to travel to southern Africa, health minister Sajid Ja

No immediate consumer relief expected in petrol, diesel New! 2021-11-27 09:31:59Oil companies cautious over crude oil price fluctuations

Oil's Black Friday: Algos and options turn a New! 2021-11-27 09:12:12What happens next depends on whether the direst predictions for Omicron's impact are realized

Covid: Omicron in fluid motion, some mutations raising New! 2021-11-27 09:10:21'Omicron has some mutations that are raising some concerns particularly with regard to possibly transmissibility, increase and possibly evasion of im

Govt to introduce bill in LS on Monday New! 2021-11-27 08:47:14Union Agriculture Minister Narendra Singh Tomar will introduce the bill in the house, which was approved by the Union Cabinet on Wednesday

Hunt for Covid variants: How the new one New! 2021-11-27 08:13:17B.1.1.529 has a genetic profile very different from other circulating variants. It does not seem to be a 'daughter of delta' or 'grandson of beta'

Coronavirus: How worried should we be about the New! 2021-11-27 07:57:16Omicron's mutations are likely to render certain COVID-19 treatments - including some manufactured antibodies - ineffective

Don't roll back resumption of international flights: Travel New! 2021-11-27 07:03:32Stopping all international passenger flights due to a new Covid variant is not the solution, says a travel industry veteran

PM Modi's U-Turn on farm laws fails to New! 2021-11-27 06:57:09The protesters postponed their planned march to the capital New Delhi on Monday, after the government assured the laws will be repealed next week

WTO postpones ministerial conference amid fears over new New! 2021-11-27 05:55:28The conference was supposed to hold negotiations among nations on the contentious issues of cut in subsidies on fisheries, food security and TRIPS wai

PM asks officials to review plans for easing New! 2021-11-27 05:41:16PM Modi on Saturday chaired a comprehensive meeting to review public health preparedness and vaccination related to Covid, says PMO

Samyukt Kisan Morcha suspends its Nov 29 tractor New! 2021-11-27 05:20:32The decision to suspend the march comes two days ahead of the commencement of the Winter Session of Parliament, during which a bill to repeal three ce

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