Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Insurance rates won’t go up in wake of 2026 wildfires
MOSES LAKE — Almost three-fifths of American homeowners have concerns about their insurance rates going up due to …
VW spending $2.2B to expand in China's electric car market
BEIJING (AP) — Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country's economy began to reopen f…
LA mayor says councilman should resign over bribery probe
LOS ANGELES (AP) — Los Angeles Mayor Eric Garcetti and the president of the City Council called Thursday for the resignation of Councilman Jose Huizar, who is the focus of a federal corruption investigation.
Rising US job losses stir fears of lasting economic damage
WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing d…
Take 2 for SpaceX's 1st astronaut launch with more storms
CAPE CANAVERAL, Fla. (AP) — SpaceX pressed ahead with its second attempt to launch astronauts for NASA — a historic first for a private company — but more stormy weather threatened more delays.
Asia shares fall as US-China tensions douse rally on Wall St
BANGKOK (AP) — Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions.
Virus taking hold in rural, old plantation region of Alabama
HAYNEVILLE, Ala. (AP) — Sparsely populated Lowndes County, deep in Alabama's old plantation country, has the sad distinction of having both the state’s highest rate of COVID-19 cases and its worst unemployment rate…
FDA finds contamination in several brands of diabetes drug
WASHINGTON (AP) — U.S. health regulators are telling five drugmakers to recall their versions of a widely used diabetes medication after laboratory tests found elevated levels of a contaminant linked to cancer.
EU says conditions needed in Lufthansa bailout, seeks deal
BRUSSELS (AP) — The EU competition chief said Friday that she is not “creating extra hurdles" for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it…
Europe prepares post-corona, socially-distanced culture-fest
LE PECQ, France (AP) — You may need a face mask to see the Mona Lisa. You will have your temperature taken at the Colosseum in Rome. And to see views of Paris from the Eiffel Tower might require taking the stairs.
Hello and welcome: Robot waiters to the rescue amid virus
RENESSE, Netherlands (AP) — You can always count on a robot for perfect timing.
The Latest: UN urges $2.4 billion in aid for war-torn Yemen
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NSA: Russian agents have been hacking major email program
BOSTON (AP) — The U.S. National Security Agency says the same Russian military hacking group that interfered in the 2016 presidential election and unleashed a devastating malware attack the following year has been …
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for July delivery rose $1.78 to settle at $35.49 a barrel Friday. Brent crude oil for July delivery rose 4 cents to $35.33 a barrel.
New York City eyes June 8 for first phase of reopening
ALBANY, N.Y. (AP) — New York City is on track to begin reopening June 8 as the state gradually loosens restrictions put in place during the coronavirus crisis, Gov. Andrew Cuomo said Friday.
US charges North Koreans in $2.5B sanctions-busting scheme
WASHINGTON (AP) — The Justice Department has accused a network of North Korean and Chinese citizens of secretly advancing North Korea’s nuclear weapons program by channeling at least $2.5 billion in illicit payment…