The Los Angeles Post
U.S. World Business Lifestyle
Today: April 28, 2025
Today: April 28, 2025

Economy

Arts|Business|Economy|Entertainment|Environment|Finance|Lifestyle|Opinion|Stock Markets|US|World

Only about half of Republicans say Trump has focused on the right priorities, AP-NORC poll finds

An AP-NORC poll finds many Americans don't agree with President Trump’s aggressive efforts to quickly enact his agenda, and even Republicans aren't overwhelmingly convinced his attention has been in the right place

Only about half of Republicans say Trump has focused on the right priorities, AP-NORC poll finds
Business|Economy|Technology|World

Japan's Nintendo fans test Switch 2 ahead of launch amid tariff worries

Nintendo fans were given a chance to try out the company's new Switch 2 gaming device at an event near Tokyo on Saturday, ahead of a release that some worry could be

Japan's Nintendo fans test Switch 2 ahead of launch amid tariff worries
Business|Economy|Finance|World

World breathes sigh of relief as Trump spares Fed, IMF

Global policymakers gathering in Washington this week breathed a collective sigh of relief that the U.S.-centric economic

World breathes sigh of relief as Trump spares Fed, IMF
Business|Economy|Education|World

Young Canadians favor Conservatives in election despite Trump threat

Conservative leader Pierre Poilievre strode on stage for a rally at a union headquarters north of Toronto, as Canadian country music blared.

Young Canadians favor Conservatives in election despite Trump threat
Economy|Political|US|World

Why the third round of Iran-US nuclear talks may be tougher

Why the third round of Iran-US nuclear talks may be tougher

Why the third round of Iran-US nuclear talks may be tougher
Business|Economy|Europe|Technology|World

Some electronic payments systems in Ukraine disrupted

Electronic payments systems in post offices, restaurants and the metro system were out of action in Ukraine early on Saturday, according to officials and Reuters witnesses.

Some electronic payments systems in Ukraine disrupted
Business|Economy|Finance|Political|World

Canada is gearing up for federal election. Here's what's at stake

Canadians will vote for a new government in an election that has been upended by U.S. President Donald Trump’s trade war and threats to make Canada the 51st state

Canada is gearing up for federal election. Here's what's at stake
Business|Economy|Technology|World

Nissan wants to end vehicle production at Wuhan plant, sources say

Nissan Motor wants to end vehicle production at its Wuhan plant in China by March 31, 2026, two sources with knowledge of the plan said.

Nissan wants to end vehicle production at Wuhan plant, sources say
Business|Economy|Environment|Science|Technology

Big Tech's soaring energy demands are making coal-fired power plant sites attractive

Coal-fired power plants, long a money-losing proposition in the U.S., are becoming more valuable now

Big Tech's soaring energy demands are making coal-fired power plant sites attractive
Asia|Business|Economy|Technology

China's Leapmotor to supply EV platform to Hongqi

(This April 24 story has been corrected to add a Leapmotor statement clarifying that it is not holding ongoing discussions or negotiations with Ferrari over a partnership and to

China's Leapmotor to supply EV platform to Hongqi
Business|Economy|Finance|Stock Markets|Technology

Elon Musk's xAI Holdings in talks to raise $20 billion from investors, Bloomberg News reports

Elon Musk's xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News

Elon Musk's xAI Holdings in talks to raise $20 billion from investors, Bloomberg News reports
Business|Economy|Finance|Political|World

China foreign minister says US tariffs show "extreme egoism"

China's Foreign Minister Wang Yi said Beijing stands on the side of international rules on U.S.-imposed tariffs and opposes protectionism, the Foreign Ministry on Saturday.

China foreign minister says US tariffs show "extreme egoism"
Business|Economy|Finance|Health|Political|World

Canada PM Carney condemns Israeli blockade on food, says WFP must be allowed to work in Gaza

Canadian Prime Minister Mark Carney urged Israel to allow the World Food Programme to work in Gaza, saying food must not be used as a 'political tool', hours after

Canada PM Carney condemns Israeli blockade on food, says WFP must be allowed to work in Gaza
Business|Economy|Finance|Political|World

US Treasury's Bessent encouraged by 'productive' Japan, South Korea trade talks

U.S. Treasury Secretary Scott Bessent was encouraged by "productive" early trade talks with Japan and South Korea this week, the Treasury said in a statement on Friday.

US Treasury's Bessent encouraged by 'productive' Japan, South Korea trade talks
Business|Economy|Finance|Political|World

US Treasury's Bessent urges Asian Development Bank to move towards ending China loans

U.S. Treasury Secretary Scott Bessent urged Asian Development Bank President Masato Kanda to take concrete steps towards ending loans to China, the Treasury said on Friday.

US Treasury's Bessent urges Asian Development Bank to move towards ending China loans
Business|Economy|Political|Technology|World

US FTC offers employees financial incentives to quit

The U.S.

US FTC offers employees financial incentives to quit
Business|Economy|World

US and EU not close to deal on tariffs - EU's Dombrovskis

The United States and the European Union still need a lot of work to reach a deal that would prevent the imposition of tariffs on each other's goods, EU

US and EU not close to deal on tariffs - EU's Dombrovskis
Business|Economy|Education|Environment|Political

DOGE orders AmeriCorps to cancel $400 million in grants, Washington Post reports

Elon Musk's Department of Government Efficiency has ordered the cancellation of around $400 million in grants doled out by AmeriCorps, the federal government's national service and

DOGE orders AmeriCorps to cancel $400 million in grants, Washington Post reports
Business|Economy|Environment|World

The US oversees a peace pledge for east Congo, hoping to ease its access to critical minerals

Secretary of State Marco Rubio has overseen the signing by Congo and Rwanda of a pledge to work toward a peace deal that would ease U.S. access to critical minerals in resource-rich eastern Congo

The US oversees a peace pledge for east Congo, hoping to ease its access to critical minerals
Economy|Travel|World

Migrants deterred by Trump's border crackdown wait for UN help to return home

Migrants deterred by U.S.

Migrants deterred by Trump's border crackdown wait for UN help to return home
Business|Economy|Finance|Political|Stock Markets|US|World

US judge blocks Trump from ending union bargaining for many federal workers

A federal judge on Friday temporarily blocked the administration of President Donald Trump from stripping hundreds of thousands of federal employees of the ability to

US judge blocks Trump from ending union bargaining for many federal workers
Business|Economy|Finance|Stock Markets|US

Conflicting US-China talks statements add to global trade confusion

U.S.

Conflicting US-China talks statements add to global trade confusion
Business|Economy|Finance|Health|Stock Markets

Loeb's Third Point builds stake in Band-Aid maker Kenvue

Billionaire investor Daniel Loeb's hedge fund Third Point is building a stake in Kenvue, sources familiar with the matter said on Friday, as some investors

Loeb's Third Point builds stake in Band-Aid maker Kenvue
Business|Economy|Education|Political

US judge skeptical about Trump defense of Education Department layoffs

A federal judge on Friday sharply questioned a lawyer from President Donald Trump's Justice Department who was defending the administration's move to terminate more

US judge skeptical about Trump defense of Education Department layoffs
Business|Crime|Economy|Political|World

Ex-Taliban commander pleads guilty to taking US journalist hostage

A former commander in the Taliban has pleaded guilty to taking an American journalist and two Afghan nationals hostage in Afghanistan and Pakistan in 2008 and

Ex-Taliban commander pleads guilty to taking US journalist hostage
Business|Economy|World

World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization

Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own

World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization
Business|Economy|Education|Entertainment|Opinion

FACT FOCUS: Trump credited with rising military recruitment. Growth started before his reelection

Posts circulating on social media this week have praised President Donald Trump and Defense Secretary Pete Hegseth for sending military recruitment skyrocketing

FACT FOCUS: Trump credited with rising military recruitment. Growth started before his reelection
Business|Economy|Finance|Stock Markets|US

Big tech earnings, US jobs data highlight busy week for markets

A packed upcoming week for markets will test a U.S. stocks rebound, with investors focused on a wave of corporate results led by Apple and Microsoft, while the

Big tech earnings, US jobs data highlight busy week for markets
Economy|Education|Health|Political

Trump's 2026 budget proposal plans billions in cuts, New York Times reports

President Donald Trump's administration aims to cut billions of dollars from programs that support child care, health research, education and housing in its fiscal 2026 budget proposal, the

Trump's 2026 budget proposal plans billions in cuts, New York Times reports
Business|Economy|Finance|Stock Markets|World

China criticizes US for 'recent abuse' of tariffs

China's central bank governor on Friday criticized the U.S. for threatening global financial stability with its "recent abuse" of tariffs, in the wake of recent moves seen by

China criticizes US for 'recent abuse' of tariffs
Business|Economy|Finance|Stock Markets|US

Fed survey finds global trade fight, policy uncertainty top financial stability risks

By Pete Schroeder and Michael S.

Fed survey finds global trade fight, policy uncertainty top financial stability risks
Business|Economy|Finance|World

IMF policy committee underscores trade risks to global economy, commits to Fund's role

International Monetary Fund member countries said on Friday that rising trade tensions were sapping growth and fueling

IMF policy committee underscores trade risks to global economy, commits to Fund's role
Economy|Political|US

White House wants to defund independent Social Security board, sources say

The White House wants to defund a bipartisan board that advises the president and Congress on Social Security policy, two sources familiar with the matter told Reuters, as

White House wants to defund independent Social Security board, sources say
Business|Economy|Finance|Stock Markets|World

JPMorgan survey shows consensus over weak dollar, US stagflation

There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results

JPMorgan survey shows consensus over weak dollar, US stagflation
Business|Economy|Environment|World

Barrick Gold contractors in Mali lay off staff amid government dispute -documents, sources

At least four subcontractors employing several hundred people at Barrick Gold's complex in Mali are laying off staff following a two-year dispute

Barrick Gold contractors in Mali lay off staff amid government dispute -documents, sources
Business|Economy

Starbucks union rejects company's recent offer of at least 2% annual pay raise

Starbucks union delegates involved in contract bargaining voted to reject the coffee chain's latest proposal that guaranteed annual raises of at least 2%, Workers United said.

Starbucks union rejects company's recent offer of at least 2% annual pay raise
Business|Economy|Finance|Political|World

Former Fed governor Warsh blasts US central bank for leaving its lane

Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and

Former Fed governor Warsh blasts US central bank for leaving its lane
Arts|Business|Crime|Economy|Education|Entertainment|Environment|Finance|Technology

Nike sued over closure of crypto business

Nike was sued on Friday by purchasers of Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets who said they suffered significant losses when

Nike sued over closure of crypto business
Business|Economy|Environment|Political

Judge blocks Trump administration from nixing collective bargaining for most federal employees

A federal judge has agreed to temporarily block the Trump administration from implementing an executive order that a labor union says would cancel collective bargaining rights for hundreds of thousands of federal employees

Judge blocks Trump administration from nixing collective bargaining for most federal employees
Africa|Americas|Arts|Asia|Australia|Business|Celebrity|Crime|Economy|Education|Entertainment|Environment|Europe|Fashion and Beauty|Food|Health|Lifestyle|MidEast|Opinion|Political|Science|Sports|Technology|Travel|World

Fact check: It wasn’t ‘in jest.’ Here are 53 times Trump said he’d end Ukraine war within 24 hours or before taking office

Fact check: It wasn’t ‘in jest.’ Here are 53 times Trump said he’d end Ukraine war within 24 hours or before taking office

Fact check: It wasn’t ‘in jest.’ Here are 53 times Trump said he’d end Ukraine war within 24 hours or before taking office
Business|Economy|Education|Environment|Health|Political

Judge halts Trump’s order to end collective bargaining rights for many federal workers

Judge halts Trump’s order to end collective bargaining rights for many federal workers

Judge halts Trump’s order to end collective bargaining rights for many federal workers
Business|Economy|Political|US

Trump's answer about trade deals confuses reporter who interviewed him

TIME magazine released the transcript from a longform interview with President Donald Trump marking his first 100 days in office. National Political reporter for TIME magazine Eric Cortellessa discusses one of Trump's answers about possible trade deals.

Trump's answer about trade deals confuses reporter who interviewed him
Economy|Political|US|World

Annexing Canada, Xi calls, no third term ‘loopholes’: 9 things we learned from TIME’s Trump interview

Annexing Canada, Xi calls, no third term ‘loopholes’: 9 things we learned from TIME’s Trump interview

Annexing Canada, Xi calls, no third term ‘loopholes’: 9 things we learned from TIME’s Trump interview
Asia|Business|Economy|Finance|Stock Markets

Big Tech carries Wall Street to the close of its winning, roller-coaster week

Big Tech stocks carried Wall Street to the close of a winning, roller-coaster week

Big Tech carries Wall Street to the close of its winning, roller-coaster week
Business|Economy|Finance|Stock Markets|World

Yen, BOJ's rate policy may remain focus in Japan-US trade talks

Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials' descriptions of the meeting

Yen, BOJ's rate policy may remain focus in Japan-US trade talks
Business|Economy|Finance|Technology|US

US senator raises concern about SEC oversight of Trump Media investment products

Democratic Senator Elizabeth Warren asked the U.S. securities regulator on Friday about its plans to supervise exchange-traded funds due to be launched by a

US senator raises concern about SEC oversight of Trump Media investment products
Business|Economy|Finance|Stock Markets

Lazard's first-quarter earnings surpass estimates, CEO warns of pressure on dealmaking

Investment bank Lazard's profit beat expectations in the first quarter, as its asset management business performed better than anticipated, but its CEO

Lazard's first-quarter earnings surpass estimates, CEO warns of pressure on dealmaking
Crime|Economy|Political|Stock Markets|World

India hunts militants in Kashmir as tensions with Pakistan soar

Armed police and soldiers searched homes and forests for militants in Indian Kashmir on Friday and India's army chief reviewed security there

India hunts militants in Kashmir as tensions with Pakistan soar
Business|Economy|Entertainment|US

Voight seeks to revive Hollywood's golden age with Trump-backed tax credits

Jon Voight, one of three veteran actors named by U.S.

Voight seeks to revive Hollywood's golden age with Trump-backed tax credits
Business|Economy|Finance|World

UK's Reeves talks trade with US's Bessent after stressing EU ties

British finance minister Rachel Reeves met U.S.

UK's Reeves talks trade with US's Bessent after stressing EU ties
Business|Economy|Finance|Stock Markets|World

Oil posts weekly fall on tariff worry and rising supplies

Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between

Oil posts weekly fall on tariff worry and rising supplies
Business|Economy|Finance|Stock Markets|US

Dollar set for first weekly gain since March on signs of easing US-China tensions

The dollar headed for its first weekly gain since mid-March on Friday after China granted some tariff exemptions for U.S. imports, raising hopes that the trade war

Dollar set for first weekly gain since March on signs of easing US-China tensions
Business|Economy|Finance|Stock Markets|World

Stocks rise with tech-related shares, notch weekly gains; dollar up

Most stock indexes climbed on Friday, with Wall Street buoyed by technology-related shares, while the dollar had its first weekly rise in over a month as

Stocks rise with tech-related shares, notch weekly gains; dollar up
Business|Economy|Finance|Stock Markets|US

Wall Street ends with weekly gains as trade negotiations, earnings in focus

Wall Street advanced on Friday, notching weekly gains as investors parsed a spate of earnings and looked for signs of easing tensions in the U.S.-China trade

Wall Street ends with weekly gains as trade negotiations, earnings in focus
Business|Economy|Finance|Political|US

Trump keeps contradicting himself on tariffs, making a fragile world economy nervous

President Donald Trump can’t stop contradicting himself on his own tariff plans

Trump keeps contradicting himself on tariffs, making a fragile world economy nervous
Business|Economy|Finance|Stock Markets|US|World

Trump's first 100 days

Donald Trump is nearing the 100-day mark of his second presidency and investors are no closer to figuring out how to trade his policies, nor do central bankers have much clarity on how

Trump's first 100 days
Business|Economy|Europe|World

Swiss National Bank warns of economic fallout from trade conflict

Increased global economic risks will likely weigh on Switzerland's economic growth, Swiss National Bank Chairman Martin Schlegel said on Friday, adding the current

Swiss National Bank warns of economic fallout from trade conflict
Business|Economy|World

Turkish households see inflation at 59.3% in 12 months, cenbank says

Turkish inflation expectations edged up in April for businesses and market participants, and remained steady at 59.3% in 12 months time for households, the central bank said on

Turkish households see inflation at 59.3% in 12 months, cenbank says
Asia|Business|Economy|World

China vows in Politburo meeting to support firms, workers affected by tariffs

China's top policymakers pledged to support firms and workers most affected by the impact of triple-digit U.S. tariffs and urged the country to prepare for worst-case scenarios,

China vows in Politburo meeting to support firms, workers affected by tariffs
Africa|Business|Economy|Finance|World

Zimbabwe's local currency inflation at over 85% y/y in April

Zimbabwe's annual inflation rate was at 85.7% in April in local currency terms, statistics agency data showed.

Zimbabwe's local currency inflation at over 85% y/y in April
Business|Economy|US|World

US seeks India trade deal on e-commerce, crops and data storage, Bloomberg News reports

A U.S.-India trade agreement under discussion will cover 19 categories, including greater market access for farm goods, e-commerce, data storage and critical minerals, Bloomberg News

US seeks India trade deal on e-commerce, crops and data storage, Bloomberg News reports
Asia|Business|Economy|US|World

Beijing accuses Washington of 'misleading the public' about trade talks

China's foreign ministry urged Washington on Friday to stop "misleading the public" on bilateral tariff negotiations, and said it wasn't familiar with reports on whether Beijing

Beijing accuses Washington of 'misleading the public' about trade talks
Economy|Political|World

Congo and Rwanda sign pathway to peace in US-brokered agreement

Congo and Rwanda vowed to come up with a draft peace deal by May 2 and refrain from providing military support to armed groups, according to an agreement

Congo and Rwanda sign pathway to peace in US-brokered agreement
Business|Economy|World

Paraguay's soy farmers ride tariff war 'toboggan'

For Paraguay's soy farmers and exporters, the global trade tariff war is an unpredictable ride that makes them fear the effects of

Paraguay's soy farmers ride tariff war 'toboggan'
Business|Economy|Finance|Stock Markets|Technology|US

Whoah, we're halfway there

What matters in U.S. and global markets today, by Alun John, EMEA Breaking News Correspondent, finance and markets  Wall Street looks set for another up day, thanks to above-

Whoah, we're halfway there
Business|Economy|MidEast|World

Syrian president and Iraqi delegation discuss restoring oil pipeline via Syria

An Iraqi delegation met with Syrian President Ahmed al-Sharaa in Damascus on Friday to discuss restoring an Iraqi oil pipeline through Syria to Mediterranean ports, the Iraqi state

Syrian president and Iraqi delegation discuss restoring oil pipeline via Syria
Asia|Business|Economy|US|World

Thai exports could beat 2025 target but US tariff challenge looms, commerce minister says

Thai export growth could exceed targets this year but challenges loom as the government seeks to negotiate a tariff deal with the United States that would benefit both sides, its

Thai exports could beat 2025 target but US tariff challenge looms, commerce minister says
Business|Economy|World

Mexico expands its largest port as it bets on global trade despite Trump's tariffs

A massive expansion of Mexico's largest seaport is under way as Mexican authorities bet on positive economic growth and the strength of global trade

Mexico expands its largest port as it bets on global trade despite Trump's tariffs
Economy|Political|World

UN food, refugee agencies plan deep cuts as funding slashed, memos show

The U.N. agencies for food and refugees plan deep cuts due to an unprecedented plunge in funding, including from former top donor the U.S., internal memos sent to

UN food, refugee agencies plan deep cuts as funding slashed, memos show
Business|Economy|Finance|Stock Markets

Toyota chairman proposes $42 billion acquisition of Toyota Industries, Bloomberg reports

Toyota Motor Chairman Akio Toyoda has proposed acquiring supplier Toyota Industries in a possible 6 trillion yen ($42 billion) deal, Bloomberg News reported on Friday, in what would

Toyota chairman proposes $42 billion acquisition of Toyota Industries, Bloomberg reports
Economy|Europe|Political|World

Trump’s tariffs inflict political pain on Hungary’s Orban, other European far-right leaders

After Donald Trump’s inauguration in January, Hungarian leader Viktor Orban predicted the “Trump tornado” would usher in a golden era for Europe’s far right.

Trump’s tariffs inflict political pain on Hungary’s Orban, other European far-right leaders
Business|Economy|Finance|Stock Markets|Technology

Jet engine maker Safran's revenues rise 17% in first quarter

Shares in Safran rose on Friday after the French jet engine maker reported stronger-than-expected first-quarter revenues and said it was studying ways to manage the impact of global

Jet engine maker Safran's revenues rise 17% in first quarter
Business|Economy

Canada February retail sales fall 0.4%; seen up 0.7% in March

Canadian retail sales fell by 0.4% in February from January at C$69.33 billion ($49.95 billion), on lower sales at motor vehicle and parts dealers, Statistics Canada said on

Canada February retail sales fall 0.4%; seen up 0.7% in March
Business|Economy|Finance|Stock Markets|World

Global equity funds see second week of inflows on easing US-China tariff tensions

Global equity funds attracted inflows for a second straight week through April 23, supported by signs of a potential de-escalation in the tariff war between the U.S. and China, which

Global equity funds see second week of inflows on easing US-China tariff tensions