LA Post: Latest business news and finance headlines

US military says it fired on commercial vessel in Gulf of Oman after it attempted to breach blockade

U.S. Central Command says it has disabled a St. Kitts-flagged ship after it ignored warnings and tried to leave the region following a visit to an Iranian port

November 07, 2026

Paraguay's ousted president charged with crimes linked to collapse of major bank

Prosecutors in Paraguay charged the South American nation’s recently deposed president with two crimes linked to the collapse of a major bank, that has jeopardized the savings of hundreds of thousands of account holders, and unleashed the nation’s biggest political crisis in a decade

November 07, 2026

Economy|Political|World

Judge orders Paraguay's ex-president Peña held before trial

A Paraguayan judge on Saturday ordered former President Santiago Peña held in pretrial detention at a military facility while prosecutors investigate

November 07, 2026

Supreme Court’s trend on church and state is a reminder conservatives have a steady grip on the nation’s laws

November 07, 2026

Business|Economy|Finance|Technology

AI nerves reinforce age-old investing lesson: Get diversified

November 07, 2026

Business|Economy|Finance

Berkshire Hathaway speeds up stock buybacks, though profit falls

Berkshire Hathaway has accelerated its stock repurchases, as new CEO Greg Abel demonstrated a greater willingness than his predecessor Warren Buffett to put the

November 07, 2026

Business|Economy|MidEast|Political|World

Expanding on naval blockade, US military looks to restrict Iranian land commerce

Building on a months-long naval blockade on Iran, the US military said on Saturday it is launching a task force to

November 07, 2026

Business|Economy

Employers, watchmen at California ports extend contract talks

The Los Angeles and Long Beach seaports employer group and the International Longshore and Warehouse Union Local 26 extended their bargaining deadline through November 20,

November 07, 2026

Business|Economy

After the US midterm rout of Trumpism, the world struggles to trust America again

The U.S. midterm rout of President Donald Trump's stewardship doesn't mean the world trusts America again

November 07, 2026

Business|Economy|Finance|Technology

From high-flying AI stocks to tariff-hit alcohol companies, the midterms shook up Wall Street

The overwhelming victory by the Democrats in the midterm elections shook up Wall Street this week

November 07, 2026

Economy|Election

Young voters overwhelmingly backed Democrats this year. The question is whether they'll stay

Young voters voted overwhelmingly for Democrats in the midterm elections, driven by economic concerns and disillusionment with President Donald Trump’s war in Iran

November 07, 2026

Washington made Moscow a pariah. Now a tanker of Russian diesel is headed for US shores

November 07, 2026

Arts|Economy|Election|Entertainment|Finance

How Democrats won their blowout midterm victory

By Yasmeen Abutaleb, Richard Cowan, Nolan D.

November 07, 2026

Business|Economy|Finance

Expert gives advice to independent contractors on how to save for retirement

November 07, 2026

Asia|Business|Economy|Political|World

Indonesian workers rally for Prabowo as women march against president

Hundreds of workers rallied in support of Indonesian President Prabowo Subianto on Saturday amid allegations that police illegally wiretapped him, while hundreds of women

November 07, 2026

Economy|MidEast|Political

Iran’s hardliners see a weakened Trump – and want more to end the war

November 07, 2026

Russia says it hit targets in and around Kyiv in massive overnight strike

Russia said its forces carried out a massive overnight strike on what it described as targets in Ukraine's military-industrial sector and energy and transport infrastructure in Kyiv

November 07, 2026

Business|Economy|Finance|MidEast|World

Qatar says its mediation efforts between US and Iran continue to prevent escalation

Qatar's Prime Minister said the country's mediation efforts between the US and Iran were continuing to prevent the situation in the region from spiraling out of control, Al Jazeera

November 07, 2026

Ousted Paraguayan president placed under house arrest after bank collapse

Paraguay’s ousted president, Santiago Peña, was placed under house arrest on suspicion of breach of trust as prosecutors investigate the collapse of Ueno Bank

November 06, 2026

Economy|Science|Technology

IMF's Georgieva says any slowdown in AI-driven growth would be factor for central banks

Central bankers around the world would need to consider any slowdown in AI-driven growth as they assess steps in their fight against inflation,

November 06, 2026

Business|Economy|Technology|World

The Latest: Trump replaces Susie Wiles with Stephen Miller as White House chief of staff

President Donald Trump says Stephen Miller is replacing Susie Wiles as White House chief of staff, mere days after Republicans lost control of Congress in the midterm elections

November 06, 2026

Business|Economy|Finance|Technology

OpenAI gets $11 billion funding at $1.25 trillion valuation, source says

OpenAI has closed on new funding of $11 billion, the initial part of a round that values the company at $1.25 trillion, a source familiar with the matter said on Friday

November 06, 2026

Business|Economy

Could the ‘blue tsunami’ jolt the US job market back to life?

November 06, 2026

Business|Economy|Political|World

Paraguay president impeached and under house arrest following bank collapse scandal

November 05, 2026

Grieving father of Florida Learjet co-pilot defends his daughter's reputation after crash

The father of a 20-year-old private jet co-pilot who died in a crash in Florida said has listened to his daughter’s final radio transmissions many times to try to understand what happened

November 06, 2026

US Treasury sanctions Canadian money services firms over Iran-related transactions

The US Treasury said on Friday that it had imposed financial sanctions on eight money services firms based in Canada that it alleges have facilitated transactions with

November 06, 2026

Economy|Political|World

Paraguay Senate votes to impeach President Peña

Paraguay's Senate on Friday voted to remove President Santiago Peña from office over his connection to the collapse of local bank ueno, which sparked a political and

November 06, 2026

Business|Economy|Technology

Tesla’s Cybertruck heads for an exit after years of hype and division

Tesla’s Cybertruck, the hulking, stainless-steel pickup that inspired devotion and derision with its science-fiction looks, will cease production next year

November 06, 2026

Economy|Finance|Stock Markets|Technology

AI stocks bounce back after $2.5 trillion wipeout, but questions remain

November 06, 2026

AI stocks halt their brutal, worldwide sell-off as Wall Street trims its loss for the week

AI stocks bounced back and recovered some of their sell-off from earlier in the week

November 06, 2026

Arts|Business|Economy|Technology

Four things to note from Friday's US jobs report

The US economy added 165,000 jobs in October — 100,000 more than expected by economists — and the unemployment rate ticked down unexpectedly to 4.1% amid a fairly broad-

November 06, 2026

Nasdaq rebounds but posts fourth straight weekly decline

Technology stocks bounced back on Friday from their worst drubbing in more than a year, but the Nasdaq Composite Index posted a fourth consecutive

November 06, 2026

Business|Economy|Finance|Technology

Wall Street stocks rally after heavy AI-related selloff

Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value were wiped out

November 05, 2026

Google acquires Wyoming data center site from AI infrastructure firm Crusoe

Google has acquired Crusoe's data center site in southeast Wyoming, the AI infrastructure developer said on Friday, a day after the Alphabet unit announced a $17-billion investment

November 06, 2026

Arts|Economy|Environment|Finance|World

Carney welcomes Democrats' push to end Trump's tariffs on Canada after midterm victory

Canadian Prime Minister Mark Carney welcomes a Democratic push to repeal U.S. President Donald Trump’s tariffs on Canada after their sweeping midterm victory

November 06, 2026

Mamdani and Hochul promise a new day for Puerto Rico after Democrats sweep midterms

New York City Mayor Zohran Mamdani and New York Gov. Kathy Hochul have pledged more support for Puerto Rico as it remains mired in multiple crises

November 06, 2026

Economy|Political|US|World

Top US House Democrat on trade issues committed to reversing 'unjustified' tariffs

US Representative Richard Neal, the Democrat who is expected to regain the chairmanship of the tax- and trade-focused House Ways and Means Committee, said on Friday that

November 06, 2026

Microsoft is winding down Oracle deal to rent AI cloud capacity, Bloomberg News reports

Microsoft is winding down an arrangement to rent AI computing from Oracle as part of a larger reassessment of billions of dollars in cloud partnerships, Bloomberg News reported on

November 06, 2026

Business|Economy|Finance|Stock Markets

Dollar jumps after strong US payrolls report

The US dollar index surged on Friday and was poised for its biggest daily percentage gain in nearly five months after a stronger-than-expected US

November 06, 2026

Business|Economy|Finance

BOJ chief Ueda sees 'some upside risks' to inflation

Bank of Japan Governor Kazuo Ueda said on Friday the central bank expects underlying inflation to stay around its 2% target but

November 06, 2026

Economy

Crude gains on worries about renewed US attacks on Iran

Crude futures edged up late on Friday on renewed fears of further US strikes on Iran as US President Donald Trump said he would soon decide whether to pursue a

November 06, 2026

Business|Economy|Finance|Science|Technology

OpenAI to press ahead with data-center expansion despite midterm sweep, CFO tells CNBC

OpenAI will press ahead with its US data-center expansion plans despite a Democratic midterm sweep this week that has fueled fears of tighter scrutiny of the facilities, its Chief

November 06, 2026

Economy

Brazilian banks cut growth forecasts, raising fiscal stakes for Lula

Brazil's top lenders have slashed their economic growth forecasts for next year, threatening reelected President Luiz Inacio Lula da Silva's pledge to

November 06, 2026

Economy|Finance

Daly says Fed rate hike likely, despite 'painful' tech-stock dive

Federal Reserve Bank of San Francisco President Mary Daly said on Friday she feels the US central bank will likely need to raise rates further to bring too-high inflation down, even

November 06, 2026

Economy|Political|World

Paraguay swears in new president as Peña is put under house arrest

Pedro Alliana was sworn in as Paraguay's new president on Friday just as authorities put his impeached predecessor Santiago Peña

November 06, 2026

Three Justice Department officials, including man behind Trump’s ‘grand conspiracy’ probe, resign since brutal midterm losses

November 06, 2026

Business|Economy|Finance|Sports|Stock Markets

Under Armour flags broad-based weakness, sees steeper-than-expected third-quarter sales decline

Under Armour on Friday flagged weakness across its portfolio, as the athletic apparel maker grapples with a challenging consumer environment and aggressive discounting by competitors

November 06, 2026