Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Horizon employees give back to community
MOSES LAKE — The team at Horizon Credit Union took some time away from the office Tuesday to tackle a different li…
US consumer spending up 8.2%, partly erasing record plunge
WASHINGTON (AP) — American consumers increased their spending by a record 8.2% in May, partly erasing huge plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest…
US consumer spending jumped 8.2% in May in partial rebound from record drop, but economy is still seen as shrinking
WASHINGTON (AP) — US consumer spending jumped 8.2% in May in partial rebound from record drop, but economy is still seen as shrinking.
UK tour operator scraps Florida visits over Disney measures
LONDON (AP) — Europe’s biggest travel and tourism company, TUI, is cancelling all holidays to Florida from the U.K. until December following the introduction of new hygiene rules at Walt Disney World Resort, includ…
Tensions rise at virus hot spot apartments in southern Italy
MONDRAGONE, Italy (AP) — The governor of a southern Italian region insisted on Friday that residents of an apartment complex quarantine inside for 15 days, not even venturing out to buy food, after dozens of COVID-…
Dutch minister throws carrier KLM 3.4 billion euro lifeline
THE HAGUE, Netherlands (AP) — The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro ($3.81 billion) lifeline to help the airline survive the aviation slump caused by the c…
California approves 1st-in-US electric truck sales rule
SACRAMENTO, Calif. (AP) — California regulators approved new rules on Thursday that would force automakers to sell more electric work trucks and delivery vans, a first-of-its-kind rule aimed at helping the nation’s…
Governors who quickly reopened backpedal as virus surges
AUSTIN, Texas (AP) — When Texas began lifting coronavirus restrictions, Republican Gov. Greg Abbott didn't wear a mask. He wouldn't let mayors enact extra precautions during one of America's swiftest efforts to reo…
Texas putting reopening on 'pause' as virus cases soar
AUSTIN, Texas (AP) — Faced with surging coronavirus cases and hospitalizations that have made Texas one of the nation's virus hotspots, Gov. Greg Abbott on Thursday halted elective surgeries in the state's biggest …
US GDP fell at 5.0% rate in Q1; worse is likely on the way
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter and a vastly worse performance is expected in the current three-month period, when the coronavirus pandemic began to spread across the U…
US job market's modest improvement may be stalling
WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment aid barely fell last week, and the reopening of small businesses has leveled off — evidence that the job market's gains may have stalled ju…
KB Home, Walt Disney fall; Rite Aid, Accenture rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday:
Ford plays it safe with revamped F-150, focuses on interior
DETROIT (AP) — Six years ago, Ford made a Texas-size wager on the top-selling vehicle in America, rolling out a radical new version of the F-Series pickup with a lighter aluminum body instead of the customary steel.
Canada's Trudeau rules out releasing Huawei tech executive
TORONTO (AP) — Canadian Prime Minister Justin Trudeau on Thursday ruled out releasing a top Chinese tech executive in an attempt to win the release of two Canadians detained by Beijing.
Fed stops big banks from buying back stock, caps dividends
NEW YORK (AP) — A worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause the nation’s 34 largest banks to collectively lose roughly $700 billion, the Federal Reserve said Thursday.
Virgin Galactic marks second glide flight over New Mexico
UPHAM, N.M. (AP) — Virgin Galactic on Thursday celebrated the second successful glide flight of its spaceship over Spaceport America in southern New Mexico.