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 …
Another major mall deal implodes as pandemic shakes retail
NEW YORK (AP) — The nation's largest owner of malls is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail economy.
The Latest: Ford sees factories at pre-virus level by July 6
DETROIT — Ford expects to have its U.S. factories humming at pre-coronavirus levels by July 6.
EU wants tech giants to do more to counter virus fake news
BRUSSELS (AP) — A senior European Union official warned online platforms like Google and Facebook on Wednesday to step up the fight against fake news coming notably from countries like China and Russia, but she pra…
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…
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.
'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…
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 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.
Can't make money right now? Free up cash in your budget
You’re not the only one with a tight budget. Millions of Americans are currently struggling with unemployment, lost hours and lowered wages.
Russia detains managers of plant that spilled fuel in Arctic
MOSCOW (AP) — Russian authorities have detained three top managers of an Arctic power plant that leaked 20,000 tons of diesel fuel into the ecologically fragile region.
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.
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.
Virus pummels global economy, jobs - even without 2nd wave
PARIS (AP) — The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wedn…
CrossFit CEO resigns over insensitive George Floyd tweet
The CEO of CrossFit is stepping down after his tweet about George Floyd sparked a social media backlash and led to affiliated gyms and Reebok cutting ties with the exercise brand.