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 …
German government agrees on national hydrogen strategy
BERLIN (AP) — The German government agreed Wednesday on a long-term strategy for increasing production and use of hydrogen as part of a plan to cut the country’s greenhouse gas emissions.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for July delivery fell $3.26 to settle at $36.34 a barrel Thursday. Brent crude oil for August delivery fell $3.18 to $38.55 a barrel.
A $3.6 billion mall deal goes up on smoke, the second major deal signed just before pandemic to go bust as retail quakes
NEW YORK (AP) — A $3.6 billion mall deal goes up on smoke, the second major deal signed just before pandemic to go bust as retail quakes.
Google quietly rolls out test version of Android upgrade
SAN RAMON, Calif. (AP) — Google has released a test version of its annual upgrade to its Android software without the usual fanfare heralding the latest operating system powering most smartphones.
The Latest: SKorea reports 45 new COVID cases, most in Seoul
SEOUL, South Korea — South Korea is reporting 45 new cases of COVID-19, all but two of them in the capital region, continuing a weekslong resurgence that health authorities fear could develop into a huge wave.
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Cyprus tightens rules for passport-for-cash scheme
NICOSIA, Cyprus (AP) — Cyprus says it is introducing tougher anti-money laundering checks in its “golden passports” program, under which it gives citizenship to foreigners who invest large sums in the east Mediterr…
Buyer's remorse: Mall deal implodes as virus shakes retail
NEW YORK (AP) — The nation’s largest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry.
Asian shares slide after Wall Street retreat
TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022.
'We need help': Small cities face fiscal calamity from virus
ALLENTOWN, Pa. (AP) — Unfilled potholes, uncollected trash, unmown grass and, most significantly, fewer police on the street are some of what Allentown says it’s contemplating unless Washington helps it plug a mult…
Fed to keep providing aid and sees no rate hike through 2022
WASHINGTON (AP) — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects to keep its key short-term interest rate near zero through 2022.
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.