Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Fuel prices slightly elevated this week
MOSES LAKE — After weeks of steady increases, fuel prices across Washington and the nation largely held steady thi…
JD.com racks up $38B in sales in annual online shopping fest
HONG KONG (AP) — JD.com's annual “618” online shopping extravaganza racked up a total of 269.2 billion yuan ($38 billion) worth of transactions, as consumers splurged during China's first major e-commerce sale sinc…
Britain scraps virus tracing app for Google-Apple system
LONDON (AP) — Britain scrapped plans to launch its own coronavirus contact tracing smartphone app because of technical problems and will now work on building one using technology supplied by Apple and Google, healt…
UK companies with historic slave ties fund minority programs
LONDON (AP) — Two of Britain’s largest companies have promised to financially support projects assisting minorities as Britain continues to reckon with its role in the slave trade.
China charges 2 Canadians with spying in Huawei-linked case
BEIJING (AP) — Chinese prosecutors charged two detained Canadians with spying Friday in an apparent bid to step up pressure on Canada to drop a U.S. extradition request for a Huawei executive under house arrest in …
NYT, WaPo launch new diversity efforts after staff protests
NEW YORK (AP) — The New York Times and The Washington Post both outlined new measures on Thursday aimed at improving diversity in their newsrooms and coverage.
$68 million tax breaks may go to put Tesla plant to Austin
AUSTIN, Texas (AP) — An Austin-area school district is considering offering more than $60 million in tax incentives to attract a proposed Tesla “gigafactory” to Central Texas, Tesla revealed Thursday.
Jeep SUVs recalled to fix problem that can cause power loss
DETROIT (AP) — Fiat Chrysler is recalling almost 95,000 Jeep Cherokees worldwide because a transmission problem can cause the small SUVs to lose power unexpectedly.
Nursing homes represent more than 1 in 4 COVID-19 deaths
WASHINGTON (AP) — Nursing home residents account for nearly 1 in 10 of all the coronavirus cases in the United States and more than a quarter of the deaths, according to an Associated Press analysis of government d…
American Airlines bans man who refused to wear face mask
DALLAS (AP) — American Airlines has banned a man who was kicked off a plane for refusing to wear a face covering, among the first such incidents since airlines promised this week to step up enforcement of their mas…
$68 million tax breaks may go to put Tesla plant to Austin
AUSTIN, Texas (AP) — An Austin-area school district is considering offering more than $60 million in tax incentives to attract a proposed Tesla “gigafactory” to Central Texas, Tesla revealed Thursday.
The Latest: UN seeks urgent funding for virus aid transport
UNITED NATIONS — The United Nations’ food agency says ít needs immediate funding to prevent a shutdown in late July of the global transport system that has been delivering tons of masks, gloves and other critical e…
NYT, WaPo launch new diversity efforts after staff protests
NEW YORK (AP) — The New York Times and The Washington Post both outlined new measures on Thursday aimed at improving diversity in their newsrooms and coverage.
How major US stock indexes fared Thursday
U.S. stock indexes closed mostly higher Thursday as caution about rising coronavirus infections in hotspots around the world put a damper on hopes for a coming economic recovery.
Hertz board scraps planned $500M stock sale amid SEC review
Hertz has scrapped a plan to sell $500 million worth of stock, a move coming a day after the car rental company in the throes of bankruptcy reorganization disclosed that federal regulators were reviewing the propos…
Wall Street holds in neutral after wobbly day; yields fall
NEW YORK (AP) — Wall Street held at a near standstill on Thursday, with indexes split as caution about rising coronavirus infections in hotspots around the world washed over hopes for a coming economic recovery.