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| August 19, 2018

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Spending on business travel has been on the rise, but trade wars could derail growth, travel managers say

August 18, 2018 |

Spending on business travel has been surging over the last year, but that updraft is threatened by potential trade wars and a economic slowdown in the next year, according to a forecast by the global trade group for corporate travel managers.

“The direction of trade policy is far and away the biggest…


L.A. Times – Business

Stocks climb as hopes rise for U.S.-China trade talks

August 17, 2018 |

Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the United States and China. The Wall Street Journal reported that the countries hope to have a resolution by November.

Industrial, healthcare and basic materials companies made some…


L.A. Times – Business

Retail stocks rise and bank stocks fall; indexes barely budge

August 10, 2018 |

Major U.S. indexes stood stock-still for the third consecutive day Thursday as gains for retailers were canceled out by losses for banks and other companies.

Energy companies again headed lower after a sharp drop in oil prices the day before. Amazon and media company Viacom led consumer-focused…


L.A. Times – Business

Viacom shares rise despite earnings declines magnified by cable-TV cord-cutting

August 10, 2018 |

Viacom Inc. touted its turnaround story Thursday but delivered fiscal third-quarter earnings that exposed the challenges of consumer cord-cutting — and just how much work the company must do to right the ship.

For the quarter ended June 30, revenue declined nearly 4% to $ 3.2 billion for the media…


L.A. Times – Business

Stocks get a lift from earnings reports; Berkshire and Tyson rise

August 6, 2018 |

U.S. stocks edged up Monday morning, with companies including Tyson Foods and Berkshire Hathaway rising after their second-quarter reports. Overseas markets are having a sluggish start to the week.

KEEPING SCORE: The Standard & Poor’s 500 index rose 1 point, to 2,841 as of 10 a.m. EDT. The benchmark…


L.A. Times – Business

Eurozone House Prices Rise at Fastest Rate in 11 Years

July 12, 2018 |

Eurozone house prices rose at the fastest pace in 11 years during the first three months of 2018, a development that is likely to reinforce the European Central Bank’s determination to end a key stimulus program in December.
WSJ.com: What’s News Europe

Stocks rise, led by energy companies

July 10, 2018 |

Energy and industrial companies led stocks higher in early trading Tuesday on Wall Street following three straight days of gains for the market.

Exxon Mobil and Boeing each rose 1.2% in early trading. Energy companies benefited from a 1% increase in the price of crude oil.

PepsiCo rose 2% after…


L.A. Times – Business

Stock indexes rise as tech companies regain some ground and GE jumps

June 26, 2018 |

U.S. stocks are mixed Tuesday morning as technology and industrial companies bounce back from sharp losses the day before. Apple, Microsoft and Facebook are all up about 1%. General Electric is jumping after it said it will shed its healthcare business and its majority stake in oil services company…


L.A. Times – Business

U.S. Treasurys Strengthen as Trade Tensions Rise

June 25, 2018 |

U.S. government bonds strengthened Monday as fears of mounting trade tensions sent investors into the safety of sovereign debt.
WSJ.com: What’s News Europe

Stocks rise, led by tech shares, as U.S.-China trade fears ease

June 20, 2018 |

U.S. stocks are mostly higher Wednesday morning as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Technology companies and banks are making some of the largest gains. 21st Century Fox is jumping after it agreed to a new deal with Disney,…


L.A. Times – Business