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 …
Lebanon removes banking secrecy rules to fight corruption
BEIRUT (AP) — Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption that has pushed the country to the edge of economic collapse.
Pending home sales plunged 21.8% in April on a monthly basis
BALTIMORE (AP) — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak.
CVS Health tests self-driving vehicle prescription delivery
CVS Health will try delivering prescriptions with self-driving vehicles in a test that begins next month.
China moves to quell Hong Kong protests with security law
HONG KONG (AP) — China officially ratified a plan Thursday to write a national security law for Hong Kong that exerts Beijing's broader, new control over the semi-autonomous territory in a bid to prevent a return o…
EasyJet, American Airlines to slash workforce amid pandemic
LONDON (AP) — European budget carrier easyJet and American Airlines both plan to cut large parts of their workforces as the global aviation industry struggles to cope with a near total halt to travel amid the COVID…
US layoffs climb to 41 million, despite business reopenings
WASHINGTON (AP) — An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the running total since the coronavirus shut…
41 million have lost jobs since virus hit, but layoffs slow
WASHINGTON (AP) — Roughly 2.1 million people applied for U.S. unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire…
US economy shrank at 5% annual rate in Q1
WASHINGTON (AP) — The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June qu…
2.1 million workers seek jobless aid, raising total layoffs since virus struck to nearly 41 million
WASHINGTON (AP) — 2.1 million workers seek jobless aid, raising total layoffs since virus struck to nearly 41 million.
Orders for US big-ticket factory goods drop 17.2% in April
WASHINGTON (AP) — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy.
EU pledges to stay green in recovery from coronavirus
BRUSSELS (AP) — The European Commission pledged Thursday to stay away from fossil-fueled projects in its coronavirus recovery strategy, and to stick to its target of making Europe the first climate neutral continen…
Trump preparing order targeting social media protections
WASHINGTON (AP) — President Donald Trump is preparing to sign an executive order Thursday aimed at curbing liability protections for social media companies, two days after he lashed out at Twitter for
Spanish workers, officials decry Nissan move to close plant
BARCELONA, Spain (AP) — Angry workers burned tires at the gates of the Nissan carmaking plant in northeastern Spain and prepared for more protests after the Japanese company said it would shut all its manufacturing…
Hungary to commemorate victims of Danube boat catastrophe
BUDAPEST, Hungary (AP) — Commemorations will be held Friday on the anniversary of the Danube River tragedy in which a sightseeing boat carrying mostly tourists from South Korea sank after a collision with a river c…
Nissan says it's closing auto plants in Spain and Indonesia, as it sinks into annual loss amid coronavirus pandemic
TOKYO (AP) — Nissan says it's closing auto plants in Spain and Indonesia, as it sinks into annual loss amid coronavirus pandemic.