Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Diesel prices hit record high in Washington as gasoline remains relatively stable
MOSES LAKE — Diesel prices in Washington reached a record high over the weekend, even as gasoline prices remained …
Asia shares drop after Wall Street rout as virus cases rise
Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S.
Spanish award honors Turkish economist wary of globalization
MADRID (AP) — Turkish economist Dani Rodrik, whose studies have warned about the flip side of economic globalization, will be this year’s recipient of the Princess of Asturias Social Sciences Award, Spanish organiz…
Japan court backs Karpeles conviction for data manipulation
TOKYO (AP) — A Japanese high court on Thursday upheld a lower court’s decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipu…
Pack swimsuit, mask, California welcomes back tourists
SAN DIEGO (AP) — There will be no packed double-decker safari buses with tour guides rolling through the San Diego Zoo, nor animal shows that draw crowds — nor breakfast buffets at hotels.
Lebanese take to the streets as currency hits a new low
BEIRUT (AP) — Hundreds of Lebanese poured into the streets to protest the tumbling of the national currency to a new low against the dollar Thursday, blocking roads and highways in several places across the small c…
High level EU-UK talks set for Monday as new deadline looms
BRUSSELS (AP) — British Prime Minister Boris Johnson will hold talks with top European Union officials on Monday to try to push forward trade discussions after post-Brexit negotiations ended last week with little s…
Dow loses 1,800, almost 7%, as an increase in coronavirus cases punctures optimism that the economy can recover quickly
NEW YORK (AP) — Dow loses 1,800, almost 7%, as an increase in coronavirus cases punctures optimism that the economy can recover quickly.
Study warns of poverty surge to over 1 billion due to virus
LONDON (AP) — Global poverty is set to rise above 1 billion people once again as a result of the coronavirus pandemic, which is reducing the income of the world's poorest by $500 million a day, according to new res…
1.5 million more laid-off workers seek unemployment benefits
WASHINGTON (AP) — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering wi…
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Meatpacking rebounds but high prices and backlogs to persist
OMAHA, Neb. (AP) — Meat production has rebounded from its low point during the coronavirus pandemic when dozens of plants were closed, but experts say consumer prices are likely to remain high and it will take mont…
Board submits Puerto Rico budget as some question its powers
SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico’s finances submitted a proposed $10 billion budget on Thursday as federal legislators debate whether to curtail the board’s power over …
Egypt to reopen tourist destinations less hard-hit by virus
CAIRO (AP) — Egypt will reopen select tourist destinations to international charter flights starting July 1, the Cabinet said Thursday, allowing travelers from around the world to return to parts of the country les…
Some stores end practice of locking up black beauty products
NEW YORK (AP) — Drugstore chains Walgreens and CVS Health say they will stop locking up beauty and hair care products aimed at black women and other women of color, joining Walmart in ending a practice at some stor…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for July delivery fell 8 cents to settle at $36.26 a barrel Friday. Brent crude oil for August delivery rose 18 cents to $38.73 a barrel.