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| February 18, 2018

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Will the wild stock market cause the Federal Reserve to slow interest rate hikes? And should it?

February 13, 2018 |

Financial markets delivered an unwelcome gift for Jerome H. Powell when he was sworn in last week as chairman of the Federal Reserve — a nosedive.

Triggered by fears of rising inflation and interest rates, the Dow Jones industrial average’s record 1,175-point plunge on Feb. 5 kicked off the worst…

L.A. Times – Business

Amazon hikes monthly Prime membership fees by 20%

January 19, 2018 |

Amazon is boosting the price of its monthly Prime membership fees for new and existing members by nearly 20%.

The online retailer said Friday its annual membership fee of $ 99 will not change.

Starting immediately, new members will pay $ 12.99 a month, up from $ 10.99. Qualifying college students…

L.A. Times – Business

Fed hikes its key interest rate again and sharply increases next year’s economic growth forecast

December 13, 2017 |

Federal Reserve monetary policymakers on Wednesday nudged up their key interest rate again and sharply increased their forecast for the economy’s performance in 2018 as Congress neared passage of a large tax cut package.

Fed officials voted 7-2 after a two-day meeting to increase the rate by a…

L.A. Times – Business

Serbian retirees demand pension hikes after austerity cuts

October 26, 2017 |

Several hundred Serbian pensioners have rallied in Belgrade to demand that the government increase pensions which were reduced as part of austerity measures agreed with the International Monetary Fund.
FOX News

Anthem eases up on 2018 health insurance premium hikes after pressure from California

October 12, 2017 |

Insurance giant Anthem Blue Cross agreed to reduce two planned premium increases for 2018 after California regulators questioned the company’s rationale for raising rates by as much as it had initially proposed.

The scaled-back rate hikes, in the individual and small-employer markets, will reduce…

L.A. Times – Business

Wait times at Disneyland rise despite price hikes; Thursdays have the shortest waits

July 12, 2017 |

Variable pricing launched last year at Disneyland may have cut wait times slightly but not by much.
L.A. Times – Business

Fed hikes key interest rate and readies plan to reduce assets in validation of economic recovery

June 14, 2017 |

Federal Reserve policymakers on Wednesday enacted their third small hike in a key interest rate in six months, a move that will push it above 1% for the first time since the 2008 financial crisis.

The 0.25 percentage point increase in the federal funds rate, which was widely expected by financial…

L.A. Times – Business

Fed chair signals more interest rate hikes are coming

February 14, 2017 |

Federal Reserve Chairwoman Janet L. Yellen, in her semiannual report to Congress, on Tuesday painted a largely bright picture of the economy and signaled that the central bank would consider raising interest rates next month.

Most analysts are not looking for a Fed rate hike until June, and Yellen…

L.A. Times – Business

Mom Hikes 27 Miles Through Snowy Forest to Find Help for Family

December 24, 2016 |

An Arizona sheriff’s official says it’s “a Christmas miracle” that searchers found a Pennsylvania woman and her family stranded in a snowy Arizona forest after their vehicle got stuck before a severe winter storm hit the area. Coconino County Deputy Jim Driscoll says 46-year-old Karen Klein was found exhausted at…