Thursday, May 24


Stocks end down after Trump cancels talks with Kim Jong Un

U.S. stocks pared some of their early losses but were still lower in afternoon trading Thursday after President Trump said he is canceling a meeting with North Korean leader Kim Jong Un.


Harvey Weinstein set to turn himself in on sex crime charges in New York

Harvey Weinstein is expected to surrender to authorities Friday to face charges related to alleged sexual misconduct, the Daily News has confirmed.


Uber chose to disable emergency braking system before fatal Arizona robot car crash, safety officials say

The automated emergency braking system on an Uber robot test car was turned off when the vehicle hit and killed a pedestrian in Arizona in March, according to federal investigators.


Trump signs bipartisan bill rolling back some Dodd-Frank bank regulations

President Trump on Thursday signed bipartisan legislation rolling back some of the Dodd-Frank financial rules put in place after the 2008 financial crisis, touting another victory for his deregulatory agenda.


Justice Department opens criminal probe into price manipulation of Bitcoin, other digital currencies

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with…

Trump threat of auto tariffs provokes sharp responses from U.S. trade partners


President Trump’s push for tariffs on imported cars and trucks has threatened a shake-up of the global auto industry while motivating nations including China and Germany to reiterate commitments of varying strength to free trade.


The Defense Department wants small rockets that can launch satellites at a moment's notice

For decades, the Defense Department has relied on school bus-sized satellites launched high above the Earth for national security missions.


Chipotle headquarters moving to Newport Beach


Chipotle Mexican Grill will move its headquarters from Denver to Newport Beach this year, the restaurant chain announced Wednesday.


Trump officials weigh 25% tariff on imported cars to force concessions in NAFTA talks

The Trump administration is considering new tariffs on imported cars in a move that trade analysts said was designed to put pressure on Mexico during the final stages of negotiations for a new North American trade deal.


Trump blocking his critics on Twitter violates 1st Amendment, judge rules

President Trump has made directing scorn on Twitter a defining feature of his presidency. But when the animus is leveled back at him, the nation’s leader has a habit of silencing those critics by blocking them.

Wednesday, May 23


IRS takes aim at California and other states trying to help residents avoid new tax-deduction limit

The Internal Revenue Service is preparing to block attempts by California and other states to help their residents avoid a new limit on the deductibility of state and local taxes included in the Republican tax overhaul.

Southern California's median home price hits a record $520,000 despite rising mortgage rates

Southern California home prices in April surged 7.2% from a year earlier to reach an all-time high, a sharp increase at a time when rising mortgage rates are making an already pricey housing market even more so.

Federal Reserve gives stocks a boost; technology and retail shares rally

U.S. stocks turned higher Wednesday after the Federal Reserve indicated it's not in too much of a hurry to raise interest rates. Retailers and technology companies led the way as the market erased some early losses.

Uber posts a profit, sort of, and dissolves its Arizona self-driving presence


Uber Technologies Inc., after years of historic losses, is laughing to itself this quarter. It turned a $2.5-billion profit during the first three months of this year — technically.


Airlines, TSA prepare for a record number of summer passengers

If you plan to fly on vacation this summer, prepare for unprecedented crowds at the airport.


Fed on track to raise interest rates in June on belief economy remains in good shape


Federal Reserve officials believe the economic outlook warrants another interest rate hike “soon” but signaled they would allow inflation to go modestly above their 2% target — indicating they’re in no rush to raise rates more aggressively.

Tesla accused of deception in promoting its Autopilot technology


A pair of consumer advocacy groups say Tesla Inc.’s promotional claims about the safety and capability of its Autopilot driver-assistance technologies are deceptive and want the U.S. Federal Trade Commission to investigate.


Your prenup might be in jeopardy as tax overhaul kills alimony break

President Trump’s tax overhaul could wreak havoc on prenuptial agreements nationwide — and maybe even his own.


New-home sales slipped 1.5% nationwide in April, plunging nearly 8% in the West


Sales of new U.S. homes fell 1.5% in April as buying plunged in the West.


Tens of thousands of Las Vegas casino workers OK strike

Las Vegas casinos could watch tens of thousands of employees walk off the job for the first time in more than three decades after union members voted to authorize a strike at any time starting June 1, a move that could cripple the city's…

Southern California suppliers learn to adjust to slowdown in satellite orders

Los Angeles Times

SpaceX on Tuesday blasted six small commercial satellites to low-Earth orbit. It was the company’s 10th launch this year — but the payload itself may be a sign of what’s to come.


Fuller Theological Seminary leaving Pasadena and putting campus up for sale

Fuller Theological Seminary will move to Pomona by 2021, freeing its 13-acre campus in Pasadena’s central business district to be sold for new uses and development.


Bill easing bank regulations heads to Trump, but falls short of overhaul GOP wanted

Bipartisan legislation focused on easing regulations for small and midsize banks passed the House on Tuesday and headed to President Trump for his expected signature.

McDonald's workers file sexual harassment claims

Energized by the #MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald's on behalf of 10 women who have worked at the fast food restaurant chain in nine cities.


SpaceX President Gwynne Shotwell says company is profitable

SpaceX President Gwynne Shotwell said Tuesday that the privately held Hawthorne space company is valued at almost $28 billion based on recent funding rounds, and that it is profitable.

Tuesday, May 22


Stocks fall, dragged down by industrials and retailers

U.S. stock indexes finished the day down Tuesday as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days.


Bernie Sanders to speak out for higher wages for Disneyland workers

Former Democratic presidential candidate Bernie Sanders is injecting himself into the campaign by Disneyland resort workers demanding to get paid a “living wage.”


Americans stick with health insurance despite Trump's push to dismantle Obamacare

Americans kept up their health insurance last year despite President Trump's all-out push to dismantle the Obama-era coverage expansion. That's the counterintuitive conclusion from a major government survey released Tuesday.


Airlines offer cheap fares even as the price of jet fuel surges

The price of jet fuel is surging, but so far the airline industry has been so competitive that carriers haven’t been able to pass along much of that cost to their customers.


China's latest move on trade is a massive cut to car tariffs

China will cut the import duty on passenger cars to 15%, further opening a market that has been a chief target of the U.S. in its trade fight with the world’s second-largest economy.