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After union fight, Jeff Bezos to focus on New! 2021-04-15 09:04:07After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos said that as executive chairman he will focus on making the company a better p

$1,400 stimulus checks helped March retail sales soar New! 2021-04-15 09:01:16Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again

Walmart invests in GM's Cruise autonomous vehicle subsidiary New! 2021-04-15 09:00:30Walmart and some institutional investors have joined the latest investment in Cruise, bumping the capital influx into the General Motors autonomous ve

US jobless claims plunge to 576,000, lowest since New! 2021-04-15 08:46:54The number of Americans applying for unemployment benefits fell sharply last week to 576,000, a hopeful sign that layoffs are easing as the economy re

U.S. retail sales soared 9.8% in March as New! 2021-04-15 08:33:13U.S. retail sales soared 9.8% in March as more Americans were vaccinated and spent $1,400 stimulus checks

Citigroup profit triples in 1Q, tops estimates; revenue New! 2021-04-15 08:23:15Citigroup says its first-quarter earnings tripled to $7.88 billion compared with the year-ago quarter

Turkish central bank maintains key rate unchanged at New! 2021-04-15 08:18:45Turkey’s central bank has kept a key interest rate unchanged at 19%, in its first rate decision since the surprise appointment of a new governor

Thermo Fisher buying PPD in deal worth $17.4 New! 2021-04-15 08:14:34Thermo Fisher is buying clinical research company PPD in a deal valued at $17.4 billion

The Latest: WHO: Europe surpasses 1 million COVID-19 New! 2021-04-15 07:58:34A top official from the World Health Organization says Europe has surpassed 1 million deaths from COVID-19

Bank of America profit doubles in 1Q to New! 2021-04-15 07:50:15Bank of America’s profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its

UnitedHealth ups forecast after strong start to year New! 2021-04-15 07:36:31Profits jumped about 44% in the first quarter and UnitedHealth boosted its outlook for the year

'Hillbilly Elegy' author J.D. Vance quits firm after New! 2021-04-15 06:58:00“Hillbilly Elegy” author J

L.A. Times - Business

COBRA is free for six months under the 2021-04-12 21:10:29COBRA, the federal program that allows people who have lost their jobs to continue paying for their former employer's healthcare plan, is free throug

Ellen DeGeneres' storied Beverly Hills mansion sells for 2021-04-12 17:46:49Two years after paying $42.5 million for Adam Levine's Beverly Hills home, Ellen DeGeneres and Portia de Rossi have sold the place for $47 million.

Century City haunt of late Hollywood star Rhonda 2021-04-12 16:00:20A grand, tropical-themed villa owned by late actress Rhonda Fleming has surfaced for sale in Century City for $12 million.

Column: 100 CEOs met to discuss opposing anti-voting 2021-04-12 14:42:24U.S. corporations say they are pondering action against vote-suppression laws. Don't get your hopes up.

Knott's Berry Farm announces reopening dates 2021-04-12 13:40:22Knott's Berry Farm plans to reopen May 6 for season-ticket holders and May 21 for the general public. Disneyland and Universal Studios will open in A

Low-fare Avelo Airlines launches in Burbank this month 2021-04-10 09:00:15A new low-fare airline, Avelo, launches from Hollywood Burbank Airport with 11 routes. Its CEO explains why this is a great time to debut.

How to get a job as an extra 2021-04-10 08:00:42Extras don't get film credits or lines. But they can get union wages, meals and perks — such as getting to read novels or work on their side gi

Beverly Park mansion sells at auction for $51 2021-04-09 17:44:26Villa Firenze, a nearly 10-acre estate in Beverly Park, recently sold at auction for $51 million, the most ever paid for a home at an auction.

Tax day 2021: Everything you need to know 2021-04-09 13:59:12Confused about filing taxes this year? You're not alone. Here's a guide to get you started.

Column: What the union defeat at Amazon's Bessemer 2021-04-09 13:57:46Union organizers had hoped that a victory against Amazon would lead to a reversal of the long, slow decline of the labor movement.

Amazon unionization efforts dealt a blow by Alabama 2021-04-09 11:46:30Amazon workers in Bessemer, Ala., vote against unionizing. It is the closest Amazon workers anywhere in the U.S. have come to a union.

Column: There's a racial gap in marketing by 2021-04-09 09:00:28In a soon-to-be-published paper, researchers find that payday lenders disproportionately target people of color in their marketing efforts.

Economy

The economy is running on a stimulus-fueled caffeine New! 2021-04-15 07:02:38The path beyond this rocket-fueled year looks far less clear.

Jamie Dimon says U.S. consumers are 'coiled, ready New! 2021-04-14 19:35:34Many Americans have received three rounds of stimulus checks and enhanced unemployment benefits since the pandemic began, helping forestall a wave of

'When is the housing market going to crash?' 2021-04-13 13:24:36Google reported last week that the search "When is the housing market going to crash?" had spiked 2,450% in the past month.

Consumer prices rise more than expected, pushed by 2021-04-13 10:03:32The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor.

The third round of stimulus checks helped, but 2021-04-12 13:45:13While the number of Americans going hungry and unable to pay their bills fell last month, new data shows that millions are still struggling. 

Powell says it's 'highly unlikely' the Fed will 2021-04-12 07:04:51"I think it's highly unlikely that we would raise rates anything like this year," Powell told CBS' "60 Minutes."

Fed Chair Powell says economy about to grow 2021-04-11 14:51:33The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Jerome Powell said.

Weekly jobless claims higher than expected 2021-04-08 11:18:57Jobless claims totaled 744,000 for the week ended April 3, well above the Dow Jones estimate of 694,000 and the previous week’s 728,000.

U.S. confident vast majority of developed nations will 2021-04-07 18:17:13Adeyemo said the White House's broad interpretation of infrastructure is not only favored by progressives, but by Wall Street, too.

Fed's Brainard says the economy is improving but 2021-04-07 17:52:20Brainard said that while the U.S. economic outlook has "brightened considerably," it remains well away from the central bank's goals.

Fed officials say easy policy will stay in 2021-04-07 17:37:12Federal Reserve officials indicated at their last meeting that easy policy will stay in place until it produces stronger employment and inflation.

Jamie Dimon says economic boom fueled by deficit 2021-04-07 12:36:15While he is bullish for the economy's immediate future, he sees serious challenges for the U.S., thanks to political and societal dysfunction.

NYT > Economy

Beyond Pandemic’s Upheaval, a Racial Wealth Gap Endures 2021-04-09 05:00:19Billions in aid has been dispensed, and the social safety net has been reinforced. Will there be more ambitious steps to address longtime inequities?

As U.S. Prospects Brighten, Fed’s Powell Sees Risk 2021-04-08 17:18:30Some countries are lagging behind in vaccinations, and policymakers warned that no economy is secure until the world is safe from coronavirus variants

Amazon’s Clashes With Labor: Days of Conflict and 2021-04-08 16:18:41Amazon was built on an underdog philosophy, but its workers are finding a voice. That presents a problem for the company that goes far beyond the unio

After Pandemic, Shrinking Need for Office Space Could 2021-04-08 14:29:11Some big employers are giving up square footage as they juggle remote work. That could devastate building owners and cities.

New State Unemployment Claims Rose Again Last Week 2021-04-08 12:12:05A total of 741,000 workers filed first-time claims for state jobless benefits last week, an increase of 18,000, the Labor Department said.

Curtains Up for the One Percent 2021-04-08 11:46:09While many Americans were stockpiling toilet paper and Clorox, the rich bought houses, sparking a gold rush in the decorating trades.

President Biden Unveils Plan to Raise Corporate Taxes 2021-04-07 18:53:48The tax plan would raise the corporate rate to 28 percent from 21 percent to help fund the president’s economic agenda.

To Build Support for Infrastructure Plan, Biden Offers 2021-04-07 18:52:27President Biden’s $2 trillion infrastructure proposal is a test of his belief that he can generate popular backing across the country as Republi

Biden’s Tax Plan Aims to Raise $2.5 Trillion 2021-04-07 18:45:41The plan detailed by the Treasury Department would make it harder for companies to avoid paying taxes on both U.S. income and profits stashed abroad.

What’s in Biden’s Tax Plan? 2021-04-07 18:14:42The proposal includes provisions to raise the corporate tax rate to 28 percent, make it harder for companies to move profits overseas and beef up the

Robert A. Mundell, a Father of the Euro 2021-04-06 18:02:59His insights on global finance earned him a Nobel, while his more iconoclastic theories fostered the adoption of a single European currency and supply

A K-Shaped Recovery, This Time on a Global 2021-04-06 17:32:14Emerging markets are at risk of falling far behind their advanced counterparts. That’s the whole world’s problem, officials warned.