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| November 24, 2017

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China stock slump weighs on global markets

November 23, 2017 |

European stock markets were weighed down Thursday by the earlier slump in China’s main stock market to its lowest level since September. Trading levels were relatively modest, though, with U.S. markets closed for the Thanksgiving holiday.

In Europe, Britain’s FTSE 100 fell 0.1% to 7,410, while…


L.A. Times – Business

Fed discussions signal another interest rate hike is possible this year despite low inflation

November 23, 2017 |

Federal Reserve officials generally believe that it’ll soon be time for another increase in the Fed’s key interest rate. However, a few felt any further rate hikes should be delayed until they see inflation moving higher, minutes of their last meeting revealed.

Minutes of the Fed’s Oct. 31-Nov….


L.A. Times – Business

The old-fashioned mail-order catalog is making a comeback

November 23, 2017 |

In one TV commercial from this year’s Toys R Us holiday campaign, a mom sweats through her cycling workout while her suspiciously helpful daughter tries to stir up a breeze.

“I’m just gonna leave this right here,” the girl says, covering the stationary bike’s display with her impromptu fan — an…


L.A. Times – Business

California’s ski season starts with good snowfall and higher lift prices

November 23, 2017 |

The snow is falling but lift ticket prices are rising at many California ski resorts.

November storms have already dumped heaps of snow in the Sierra Nevada mountains, including around Lake Tahoe, allowing a few resorts to open.

But enjoying that snow will cost winter sports enthusiasts more.

The…


L.A. Times – Business