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…
Arizona congressman seeks action after virus cases surge
PHOENIX (AP) — As Arizona sees more than 1,000 new coronavirus cases per day, Democratic Rep. Ruben Gallego has criticized Arizona's governor for failing to highlight the “seriousness of the growing public health e…
Starbucks takes $3 billion hit to revenue during pandemic
Starbucks expects to lose more than $3 billion in revenue in its fiscal third quarter due to the new coronavirus, but said the disruption to its business should subside through the rest of the year.
May consumer prices fall 0.1%, the third consecutive month
WASHINGTON (AP) — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession.
US deficit racks up record deficit with 4 months still to go
WASHINGTON (AP) — The federal government recorded a budget deficit of $1.88 trillion for the first eight months of this budget year, larger than even any annual shortfalls in U.S. history.
Asia Today: India surge continues with nearly 10,000 cases
NEW DELHI (AP) — The number of coronavirus cases in India continued to rapidly increase Wednesday, with officials reporting nearly 10,000 new cases over the past 24 hours.
Puerto Rico power company contract worth $1.5B questioned
SAN JUAN, Puerto Rico (AP) — A report published Wednesday accused Puerto Rico’s government of giving unfair advantage to a company that obtained a $1.5 billion contract and secured the first large generation projec…
AMC aims to reopen theaters in July; nations eye economies
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of t…
Ford recalls about 2.5M vehicles for latch, brake troubles
DETROIT (AP) — Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak.
Mnuchin says businesses will need more help
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin on Wednesday said he believes the U.S. economy will need more help to pull out of the recession, but added that the next round of support should be more targeted …
Trump administration cuts oil, gas fees in hundreds of cases
BILLINGS, Mont. (AP) — The Trump administration has awarded energy companies hundreds of breaks on payments for oil and gas extraction from U.S. lands and the Gulf of Mexico during the coronavirus pandemic, accordi…
Asia Today: Tracing harder in S. Korea, Indian cases spike
SEOUL, South Korea (AP) — South Korea has reported 45 new cases of COVID-19, all but two of them in the greater capital area, continuing a weekslong resurgence that health authorities fear will develop into a massi…
US consumer prices slide 0.1% in May, third straight drop, as virus sends economy into recession
WASHINGTON (AP) — US consumer prices slide 0.1% in May, third straight drop, as virus sends economy into recession.
Ford, VW to collaborate on vans, pickup, electric vehicle
DEARBORN, Mich. (AP) — Ford and Volkswagen will each offer a small city van, a larger cargo van, a small pickup truck and an electric vehicle as part of their global alliance announced last year.
Hawaii extends 14-day quarantine for all incoming travelers
HONOLULU (AP) — Hawaii Gov. David Ige extended the state's mandatory 14-day quarantine for all arriving travelers on Wednesday in a bid to keep coronavirus cases in the islands low.
UAW to sell lake home built for ex-president under scrutiny
DETROIT (AP) — The United Auto Workers said it has accepted an offer on a lakefront house in northern Michigan, three months after federal prosecutors warned that it could be confiscated as part of a corruption inv…