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Business News

Wednesday, Oct 31, 2018 at 01:16 PM EDT

Southern California Suffers Its Worst Housing Slump in Over a Decade

Southern California Suffers Its Worst Housing Slump in Over a Decade

Higher mortgage rates and overheated home prices hit Southern California home sales hard in September. The number of new and existing houses and condominiums sold during the month plummeted nearly 18...

Monday, Oct 29, 2018 at 06:03 PM EDT

Blind Customers Sue Walmart Over Self-Service Accessibility

Blind Customers Sue Walmart Over Self-Service Accessibility

A new lawsuit contends Walmart's self-checkout kiosks aren't fully accessible to blind customers and therefore violate the Americans with Disabilities Act.

Monday, Oct 29, 2018 at 04:47 PM EDT

Stocks Tumble Again on Report US Plans More Tariffs

Stocks Tumble Again on Report US Plans More Tariffs

Fear that the Trump administration will announce tariffs on all remaining imports from China helped knock U.S. stocks from a strong early gain to another sharp loss Monday. Technology companies sank again after...

Friday, Oct 26, 2018 at 04:13 PM EDT

Dow Dives 300 Points, S&P 500 Dips Into Correction Levels

Dow Dives 300 Points, S&P 500 Dips Into Correction Levels

Stocks fell sharply on Friday as investors slogged through another volatile session on Wall Street. The Dow Jones Industrial Average traded 416 points lower after dropping more than 500 points at its lows of...

Friday, Oct 26, 2018 at 11:49 AM EDT

Halloween Is Scariest Day of Year for This Financial Shock

Halloween Is Scariest Day of Year for This Financial Shock

Halloween could be scarier for your budget than anticipated: Homeowners and auto insurance claims tend to jump during the holiday. On average, Halloween has 17 percent more home claims for theft, vandalism and...

Friday, Oct 26, 2018 at 09:05 AM EDT

Economy Grew at Strong 3.5 Percent Rate in Q3

Economy Grew at Strong 3.5 Percent Rate in Q3

The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade. The Commerce...

Thursday, Oct 25, 2018 at 10:12 PM EDT

Google Reveals 48 Employees Fired for Sexual Harassment

Google Reveals 48 Employees Fired for Sexual Harassment

Google announced that it has fired 48 employees for sexual harassment during the past two years and sent them away without severance packages, hours after a news report that it had protected some male executives...

Thursday, Oct 25, 2018 at 03:29 PM EDT

Waiting Longer to Buy a House Could Hurt Millennials in Retirement

Waiting Longer to Buy a House Could Hurt Millennials in Retirement

Homeownership in America is not as common as it once was — especially for today's young people. That's the main takeaway from a new investigation into generational housing trends by the Stanford Center on...

Thursday, Oct 25, 2018 at 05:42 PM EDT

After Long Losing Streak, US Stocks Surge on Solid Earnings

After Long Losing Streak, US Stocks Surge on Solid Earnings

Stocks soared Thursday as strong earnings reports from market bellwethers like Microsoft and Comcast gave a boost of confidence to investors shaken by the recent wave of selling. The rally wiped out a large...

Thursday, Oct 25, 2018 at 07:12 AM EDT

Facebook Fined $644K by UK Watchdog Over Users' Data Breach

Facebook Fined $644K by UK Watchdog Over Users' Data Breach

British regulators on Thursday slapped Facebook with a fine of 500,000 pounds ($644,000) — the maximum possible — for failing to protect the privacy of its users in the Cambridge Analytica scandal. The...

 

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