LA Post: Latest business news and finance headlines

Business|Economy

Canada’s economic break with the US in 5 charts

October 30, 2026

Economy|Political|World

Major anti-government protests sweep across Italy

October 30, 2026

Business|Economy|Finance|Stock Markets|Technology

Midterm US elections, earnings, jobs data loom for AI-wary stock market

US midterm elections, a heavy slate of corporate earnings and the monthly jobs report will further test stock investors next week, after a series of

October 30, 2026

Business|Crime|Economy|Finance|Technology

Gone in 20 minutes: How the biggest heist in crypto history unfolded

Hackers stole $6.3 billion from Binance, the world's biggest cryptocurrency exchange, in a record digital asset theft.

October 30, 2026

Business|Economy|Finance|Technology

Global equity funds draw inflows for a sixth straight week

Global equity funds saw substantial inflows in the week ended October 28, though at a slower pace, as a rebound in AI and chip stocks, led by South Korea’s SK Hynix after record

October 30, 2026

Economy|Europe|Political|World

China's Xi calls on EU to work with China, says Beijing handles ties with sincerity, goodwill

China hopes Germany can adhere to a "rational, pragmatic and friendly" China policy and that the European Union can work with China in the same direction, Chinese President

October 30, 2026

Business|Economy

German inflation cools on fuel tax cut, economy grows more than expected in Q3

German inflation slowed more than expected in October, the first month of a government fuel tax cut, adding to evidence that Europe's largest economy could

October 30, 2026

Business|Economy|Europe|Finance|MidEast

German inflation cools on fuel tax cut, economy grows more than expected in Q3

German inflation slowed more than expected in October, the first month of a government fuel tax cut, adding to evidence that Europe's largest economy could

October 30, 2026

Business|Economy|Finance

Sanofi teases appetite for larger deals, lifts 2026 growth targets under new CEO Garijo

French drugmaker Sanofi said on Friday it was prepared to pursue larger deals as it seeks to rebuild its basket of experimental drugs for future growth

October 30, 2026

Slower wage growth curbs US labor costs in third quarter

US labor costs increased moderately in the third quarter amid a slowdown in wage growth, suggesting that the labor market was unlikely to be an

October 30, 2026

Business|Economy|Finance

Uganda's inflation rises to 3-year high after currency slump

Uganda's inflation rate rose to a 3-year high of 5.8%, the country's statistics office said on Friday, a move that follows a sharp slump in its shilling currency in recent

October 30, 2026

Business|Economy|Finance

Canada's economy stalls again in August, likely lost ground in September

Canada's economy stalled in August for the second straight month as increases in the retail, manufacturing and construction sectors were largely offset

October 30, 2026

Economy|Science|Technology

Investors pull money from US equity funds ahead of earnings reports from AI hyperscalers

US equity funds recorded their first weekly outflows in three weeks in the week ended October 28, as investors grew cautious ahead of earnings from major AI hyperscalers amid

October 30, 2026

Vote Republican, or else: How Trump is dangling government help on the campaign trail

President Donald Trump is signaling to states that his administration may be far less likely to help if their voters put Democrats in power on Election Day

October 30, 2026

Business|Economy|Opinion|Science

Are American voters actually gloomy about the economy, or is something else going on?

Many standard measures of economic health are strong, but voters in both parties are increasingly pessimistic.

October 30, 2026

Arts|Economy|Environment

Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices.

October 30, 2026

Business|Economy|Finance|Science|Technology

Asia chip firms see strong AI demand; market jitters continue

Asian chip supply chain companies said on Friday that AI-related demand remained strong, while investor concerns persisted over whether

October 30, 2026

Economy|Finance|Stock Markets|US

US fiscal deterioration main headache for investors as midterms loom

The United States' deteriorating fiscal picture has been a nagging worry for investors, who see no easy solutions however

October 30, 2026

When US midterm results are contested, Congress has final say

Some of Tuesday’s US midterm races may take weeks to clear recounts and court challenges, but ultimately the Senate and House of Representatives decide

October 30, 2026

Arts|Economy|Europe|World

China's Xi, Swiss president praise trade deal that boosts access

Chinese President Xi Jinping and Swiss President Guy Parmelin hailed an upgraded trade agreement between the two countries on Friday, which bucks a broader global shift

October 30, 2026

Europe's economy brushes off energy shock from Iran war, shows moderate growth in Q3

Europe’s economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as gross domestic product increased by 0.4% over the quarter before

October 30, 2026

Business|Economy|Finance

New economic data challenges Fed chief's not-too-hot perspective

New data may challenge Federal Reserve Chairman Kevin Warsh's sense that the US economy can handle a robust expansion without stoking inflation, as a

October 30, 2026

Business|Economy|Finance|Stock Markets|US

ExxonMobil beats third-quarter profit estimates on refining boom

ExxonMobil beat Wall Street expectations for third-quarter profit on Friday, as soaring refining margins driven by the US-Israeli war on Iran and Ukrainian

October 30, 2026

Business|Economy

Trump touted a record Venezuela oil deal. Now reality is setting in

President Donald Trump called it the biggest oil deal in history: 17 Venezuelan oilfields holding

October 30, 2026

Business|Economy|Finance

India's April-September fiscal deficit at 42.1% of 2026/27 target

India's fiscal deficit in the months of April to September stood at 7.15 trillion rupees ($75.24 billion), or 42.1% of the target for the financial year ending March,

October 30, 2026

Economy|Europe|Finance

ECB policymakers bring rate hike debate into the open

The European Central Bank may need to raise interest rates further to counter high inflation and prevent it from spiralling into wages, ECB policymakers said on Friday,

October 30, 2026

Economy|Finance|Stock Markets

Cash burnout

Markets have long been stuck in a wait-and-see mode ahead of the US midterm elections, another potential round of fighting in Iran and the latest sweep of AI

October 30, 2026

Business|Economy|Europe|Finance

Euro zone growth beats projections but headwinds mount

The euro zone economy grew faster than predicted last quarter, displaying exceptional resilience to headwinds from expensive energy, even as surging

October 30, 2026

‘We just have to bother the crap out of these people’: How the GOP is confronting its voter enthusiasm deficit

October 30, 2026

First body retrieved from Kenyan collapsed building after weeklong search

The first body has been recovered from the rubble of a multistory building that collapsed a week ago in Kenya’s capital, with the number of people still missing standing at 16

October 30, 2026

Business|Economy|Finance|Stock Markets|Technology

Panasonic raises annual profit forecast 20%, sees strong AI demand

Panasonic Holdings raised its full-year operating profit forecast by 20% to 710 billion yen ($4.5 billion) on Friday, helped by a range of factors including stronger-than-

October 30, 2026

Economy|Sports

Puma sales, slashed inventory convince investors as Anta partnership advances

Puma reported quarterly sales slightly above market expectations and flagged a sharp reduction in its inventories on Friday, reassuring investors about the German

October 30, 2026

Arts|Business|Crime|Economy|Travel

3 killed in helicopter collision that shut down part of an Oregon highway

Authorities say two helicopters collided and crashed near a small airport southwest of Portland, Oregon, killing all three on board

October 29, 2026

BP beats forecasts with record profit, targets early settling of Deepwater Horizon bill

BP posted a record quarterly net profit on Friday, beating expectations as the Iran war boosted prices and refining margins, and said

October 30, 2026

Business|Economy|Finance

Midterms meet earnings

Different market themes collide in the coming week, with US midterm elections, key economic data, major tech earnings and a run of central bank meetings all set to test investors.

October 30, 2026

Business|Economy|Finance

China's big banks post fastest quarterly profit growth in years as margins stabilise

Five of China's largest state-owned banks reported quarterly profit growth of between 6% and 11%, supported by stabilising net interest

October 30, 2026

Business|Economy|Europe|Travel

Germany's Merz to relay Asian partners' protectionism concerns to Brussels

German Chancellor Friedrich Merz said on Friday he would relay to Brussels concerns voiced by key Asian trading partners that the EU's "Made in Europe" initiatives risk

October 30, 2026

Arts|Economy

ECB survey sees higher inflation in coming quarters

Euro zone inflation is expected to be sharply higher this year and next than earlier predicted, and may only return to the European Central Bank's 2% target in 2028, the

October 30, 2026

Economy|Europe

Inflation dips in key German states in October, pointing to national fall

Inflation fell in several key German states in October, preliminary data showed on Friday, suggesting Germany's national inflation rate could also decrease this month.

October 30, 2026

Australia's Coles marks steepest fall since 2020 as rival promotions bite

Australia's Coles said on Friday heightened promotional activity from competitors hurt early second-quarter sales as cost-conscious shoppers

October 30, 2026

Yemen's Houthis deny launching drone after coalition reports interception in Mecca region

Yemen's Houthis denied launching any attack towards Saudi Arabia on Friday, after the Saudi-led coalition said it had intercepted and destroyed a drone launched by the group over

October 30, 2026

Business|Economy

Trump's tariffs fail to cut US trade deficit, IW report shows

United States President Donald Trump's economic agenda has delivered robust growth and strong investment but failed to reduce the trade deficit, according to a study by the

October 30, 2026

Business|Economy|Europe|Finance|Technology

Capgemini raises 2026 guidance as AI push brings work to IT consultants

French IT consulting firm Capgemini raised its 2026 guidance for the second time this year after its third-quarter revenue grew 12%, in the strongest signal yet that the rush to

October 30, 2026

Business|Economy|Europe

Earnings give European auto stocks respite as China reshapes the industry

Shares in Europe's traditional automakers got a boost from earnings this week, but a full recovery remains elusive as

October 30, 2026

Business|Economy|Finance

BOJ Governor Ueda's comments at news conference

The Bank of Japan kept interest rates steady on Friday, but declared victory in a nearly 14-year battle to hit its price target and signalled vigilance against

October 30, 2026

Arts|Economy|Europe

UK house price growth slows to lowest since January 2024

British annual house price growth slowed to its weakest since January 2024 in October, as the impact of rising market interest rates dampened appetite from buyers, monthly

October 30, 2026

Arts|Business|Economy|Environment|Finance

China's factory activity seen flat in October: Reuters poll

China's factory activity was likely flat in October from the previous month, as the manufacturing sector continued to move at two speeds, with advanced manufacturers racing

October 30, 2026

Arts|Economy|Europe|Finance

French output shrinks and inflation accelerates, leaving economy at standstill, minister says

The French economy unexpectedly shrank in the third quarter, while October inflation accelerated to the highest level since late 2023, due to what Economy Minister Roland Lescure

October 30, 2026

ASEAN envoy meets Myanmar minister, discusses civil war and aid access

The Southeast Asian bloc's special envoy met Myanmar's foreign minister during a visit to the country and discussed its civil war and humanitarian access, according to official

October 30, 2026

Japan's Nikkei slumps up to 3% as tech stocks tumble on AI worries

Japan's Nikkei share average dropped as much as 3% on Friday, led by chip-related stocks, as concerns mounted over the sustainability of spending to fund the AI boom.

October 30, 2026

Asia|Business|Economy|Europe|Political

Germany's Merz says EU to shape better offer as global trade order comes under pressure

German Chancellor Friedrich Merz said on Friday that the European Union will take the lead in shaping a better offer when free trade and the rules-based trading order come

October 30, 2026

Business|Economy|Finance|Stock Markets

BOJ keeps interest rates steady, signals further rate hikes

The Bank of Japan kept interest rates steady on Friday, but revised up its inflation forecast and stressed anew its readiness to continue pushing up borrowing costs to

October 30, 2026

Arts|Business|Economy|Finance|Technology

Coinbase returns to profit as crypto investment gains offset trading weakness (Oct 29)

Cryptocurrency exchange Coinbase Global returned to

October 29, 2026

Business|Economy|Finance

Analysts react to BOJ decision to keep rates steady

The Bank of Japan kept interest rates steady on Friday, but revised up its inflation forecast and stressed anew its readiness to continue pushing up borrowing costs to forestall

October 30, 2026

Arts|Business|Economy

Singapore third-quarter layoffs at highest level since 2020

Singapore's retrenchment rate in the third quarter of 2026 hit its highest level since the height of the COVID pandemic in late 2020, driven by business reorganisations,

October 30, 2026

Arts|Economy|Europe|Science|Technology

China trade accord with Swiss bucks wider trend towards protectionism

When Chinese President Xi Jinping meets his Swiss counterpart, Guy Parmelin, on Friday, the two will be marking one of the most favourable

October 29, 2026

Arts|Business|Economy|Environment|Technology

GM to pay $220 million to settle allegations it violated drivers' privacy

General Motors will pay $220 million to settle allegations that it illegally sold drivers' private behavior and location data to brokers, who then sold the

October 29, 2026

Tokyo core inflation exceeds BOJ target in October

Annual core inflation in Japan's capital well exceeded the central bank's 2% target in October, data showed on Friday, highlighting mounting price pressure

October 29, 2026

Business|Economy|Technology

Reddit puts logged in experience first as Google AI hits traffic

Reddit CEO Steve Huffman outlined a plan on Thursday to mandate sign-ins for most content to deter data scraping on the social media platform after he blamed

October 29, 2026

Business|Economy|Finance|Technology

Microsoft expects to raise $25 billion in US bond sale, sources say

Microsoft is planning to raise about $25 billion through its first US investment-grade bond sale in more than nine years, two sources familiar with

October 29, 2026

Business|Economy|Environment|Lifestyle|Science

Japan's beleaguered shoppers are a worry for convenience stores and the economy

Kana Sekiya, 43, used to shop near a train station in Tokyo on her way back home from work.

October 29, 2026

Business|Economy|Finance|Technology

Binance flags 'potential security issue,' says approximately $6.3 billion impacted

Binance, the world's largest cryptocurrency exchange, is investigating a potential security issue that appears to be a hack

October 29, 2026

Shares of Google’s parent company just had their worst day ever. Here’s what it means

October 29, 2026

Gilead hikes 2026 sales outlook, says Medicare cuts Biktarvy price by 38% starting in 2028

Gilead Sciences hiked its full-year sales outlook on Thursday and reported third-quarter product sales rose 13%, driven by a double-digit percentage jump for its

October 29, 2026

Business|Economy|Finance|Technology

Intel shares tumble after hours, hit by chip supply constraints, big cash burn

By Anhata Rooprai and Max A.

October 29, 2026

Economy|Political

Colombia government proposes steep spending cut as fiscal woes deepen

Colombia's government on Thursday submitted to Congress a sweeping fiscal reform bill aimed at cutting public spending by about 15%, raising revenue through

October 29, 2026

Arts|Economy|Technology|Travel|World

Chinese EVs win over some in South Korea, but Japan is proving to be a rougher road

Kim Min-seon bought an electric vehicle from China's BYD in July. The questions came swiftly.

October 29, 2026

Business|Economy|Finance

FedEx Freight forecasts quarterly earnings above estimates on improving volumes, pricing (Oct 29)

FedEx Freight forecast earnings for the crucial holiday

October 29, 2026

Economy|Finance

Private equity, data centers in crosshairs of US Senate Democrats, aide says

US Senate Democrats plan to launch investigations into an array of issues, ranging from private equity’s impact on living costs to

October 29, 2026

Business|Economy|Finance|Technology

Amazon sinks as AI spending eclipses fastest cloud growth in five years

Amazon.com on Thursday reported a massive cash burn in the third quarter, sending shares sharply lower, while it signaled higher capital

October 29, 2026

Justice Department subpoenas California officials in escalation of its scrutiny of elections

The U.S. Justice Department has issued subpoenas to California officials in an escalation of its scrutiny of local election administration

October 29, 2026

Arts|Business|Economy|Finance|Technology

Amazon offers cautious view after disappointing 3Q results but delivers strong cloud growth

Amazon offered a cautious sales outlook for the current fourth quarter that encompasses the critical holiday shopping period after delivering fiscal third-quarter results that came in below Wall Street analysts’ expectations

October 29, 2026