Finance

The Los Angeles Police Department is gathering evidence and video footage in an administrative investigation into an off-duty officer who shot and killed a man authorities say attacked him inside a Southern California Costco Wholesale warehouse store. Authorities remained tight-lipped Sunday, not responding to requests for comment about what provoked the Friday night confrontation and […]

Mastercard will allow transgender people to use their chosen names on credit and debit cards in an effort to combat discrimination at the cash register. That means that the name on the credit card owned by a transgender person could be different than that found on their birth certificate or driver’s license. It is up

Small business owners, their eye on the economy, are playing it even safer when it comes to hiring. A U.S. Chamber of Commerce-MetLife survey released last week found that 28% of small businesses plan to increase their staffs in the next year, down slightly from 29% in the first quarter. The survey, taken between early

Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the message will likely echo the theme

Billionaire entrepreneur and art collector Patrick Drahi is taking auction house Sotheby’s private in a deal valued at $3.7 billion. Drahi, through his BidFair USA company, will pay $57 per share, which is a 61% premium to the company’s Friday closing stock price. “This acquisition will provide Sotheby’s with the opportunity to accelerate the successful

Central bankers pride themselves on being the grown-ups of economic policy. They want it known they’re basing their decisions on sound economics rather than political considerations. They wish not to be pushed around by what traders in financial markets and cable news pundits want. Or even by the president of the United States. But what

Asian shares were mixed Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. Japan’s benchmark Nikkei 225 gained 0.2% to 21,157.12. Australia’s S&P/ASX 200 lost 0.4% to 6,530.90, while South Korea’s Kospi edged down nearly 0.2% to 2,091.96. Hong Kong’s Hang Seng gained 0.7%

Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S. and China. Japan’s benchmark Nikkei 225 gained 0.3% to 21,170.63 in morning trading. Australia’s S&P/ASX 200 lost 0.3% to 6,535.50, while South Korea’s Kospi edged up nearly 0.2% to 2,099.26. Hong Kong’s

Already battered by the e-commerce revolution, traditional retail stores are bracing for another blow — new tariffs on $300 billion worth of Chinese imports that the Trump administration is threatening to impose. Retailers and analysts warn the impact will be disastrous for an industry already tormented by vacant storefronts and deserted malls. The reason: Unlike

President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve’s interest rate policies even though he knows he has made Chairman Jerome Powell’s job more difficult. Trump told ABC News in an interview released Friday that he thinks economic growth and stock market indexes would be substantially higher