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| December 13, 2018

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U.S. Stocks Fall Sharply Amid Trade Tensions, Growth Fears

December 8, 2018 |

Investors’ retreat from U.S. stocks turned into a stampede Friday, with major indexes suffering declines of more than 4% for the week that made it the worst start to a December since 2008. The Dow fell more than 550 points amid trade-related tensions.
WSJ.com: What’s News Asia

Oil’s Fall Threatens U.S. Shale Drillers

December 3, 2018 |

Plunging oil prices once again threaten to force American shale drillers to pull back on production, just as they were preparing to unleash a flood of crude.
WSJ.com: US Business

Sales of new homes in U.S. fall, missing projections

November 29, 2018 |

Sales of new U.S. homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market.

Single-family home sales fell 8.9% from the prior month to a 544,000 annualized pace, according to government data released Wednesday. That was…


L.A. Times – Business

CNN

Nissan chaiman’s stunning fall

November 24, 2018 |

A week ago, Carlos Ghosn was sitting atop one of the world’s most powerful auto empires. Now, he’s sitting in a Tokyo jail cell.
CNN.com – RSS Channel – World

Stocks fall sharply as tech firms drop; oil prices rise

November 12, 2018 |

A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking off more than 450 points from the Dow Jones industrial average. Apple, Amazon and other big names fell. Banks and consumer-focused companies and media and communications stocks also took heavy losses. Crude…


L.A. Times – Business

Mattel posts small profit, but sales fall again despite Barbie’s strong showing

October 26, 2018 |

Mattel Inc. eked out a small profit in the third quarter, but the troubled toymaker, its problems exacerbated by Toys R Us’ demise and softer demand in China and Europe, said its quarterly sales again fell from a year earlier.

The El Segundo company’s flagship Barbie line of dolls continued to…


L.A. Times – Business

Man, Woman Fall to Their Deaths From Yosemite Cliff

October 26, 2018 |

A man and a woman are dead after falling from a popular overlook at California’s Yosemite National Park. At Taft Point, 3,000 feet above the valley floor, visitors can walk right up to the cliff edge, and there is no railing, the AP reports. The spot is popular for…
Newser

Are Trump’s attacks setting up the Fed to take the fall for a slowdown ahead of reelection bid?

October 25, 2018 |

President Trump’s relentless public criticism of Federal Reserve officials for their recent interest rate hikes — he ripped them again this week — could set up the central bank for blame if the economy is weaker in 2020 when he is running for reelection, analysts said.

“I think the president is…


L.A. Times – Business

Gary Hart May Have Been Set Up for His Political Fall

October 22, 2018 |

One of the biggest political sex scandals of the modern era—one that perhaps helped the elder George Bush become president—may have been a set-up. So writes James Fallows in the Atlantic regarding the fate of Colorado Sen. Gary Hart in 1987. Hart had been a leading contender for…
Newser

He Broke Both Legs in Fall. Then Came the Rattlesnakes

October 18, 2018 |

An Arizona man should be a bit more comfortable in a hospital bed having spent two days stuck at the bottom of a 100-foot mine shaft. Believed to have been descending into the gold mine shaft near Aguila, 90 miles northwest of Phoenix, when he fell Monday, 62-year-old John Waddell…
Newser