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 …
Simon Property, Starbucks fall; Five Below, AMC rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Bon Appetit says magazine 'too white,' promises big changes
Bon Appetit, whose
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.
The Latest: WHO and US discuss cooperating on Ebola threat
GENEVA — The head of the World Health Organization says he and U.S. Health and Human Services Secretary Alex Azar have discussed cooperation in responding to a new Ebola outbreak in Congo even as the Trump administ…
Another big mall deal implodes as pandemic 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.
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.
Fed says it will keep buying bonds to hold down longer-term borrowing rates and foresees no rate hike through 2022
WASHINGTON (AP) — Fed says it will keep buying bonds to hold down longer-term borrowing rates and foresees no rate hike through 2022.
The Latest: Some UK grandparents, grandkids can hug again
LONDON — Some grandparents in England will be able to hug their grandchildren for the first time in months — and couples who live apart can legally be intimate — under an easing of lockdown rules imposed during the…
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 …
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.
Just Eat Takeaway says it is in talks to merge with Grubhub
NEW YORK (AP) —
Malls part of a $3.6B sale that fell apart due to pandemic
Following is a list of malls that were part of a $3.6 billion deal between The Simon Property Group and Taubman Realty. That deal has fallen apart as the coronavirus pandemic rattles the retail sector, particularly…
Backlash over George Floyd tweet forces out CrossFit founder
The founder and CEO of CrossFit is stepping down after his tweet about George Floyd sparked a social media backlash and a wave of affiliated gyms cut ties with the company.
Wall Street indexes move lower ahead of statement from Fed
U.S. stock indexes are mostly lower in midday trading Wednesday ahead of an afternoon interest rate and economic policy update from the Federal Reserve.
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…