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 …
Huawei CFO Meng to find out if her fraud case will proceed
VANCOUVER, British Columbia (AP) — A top executive of Chinese tech giant Huawei is scheduled to learn Wednesday if a U.S extradition case against her can proceed.
Stanley Ho, who built Macao's gambling industry, dies at 98
HONG KONG (AP) — Casino tycoon Stanley Ho, whose business empire dominated the Portuguese gambling enclave of Macao for decades, died Tuesday in Hong Kong at age 98.
US new-home sales post slight gain in April
BALTIMORE (AP) — U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative health of potential buyers.
Consumer confidence up slightly but remains near 6-year low
WASHINGTON (AP) — U.S. consumer confidence inched up this month, showing signs of stabilizing, but remained near a six-year low in the face of the widespread business shutdowns that have sent the economy into reces…
Kansas governor vetoes limits on her power but loosens rules
TOPEKA, Kan. (AP) — Kansas' Democratic governor on Tuesday
US consumer confidence up slightly but remains at roughly 6-year low in face of business shutdowns from coronavirus
WASHINGTON (AP) — US consumer confidence up slightly but remains at roughly 6-year low in face of business shutdowns from coronavirus.
Stocks rise on Wall Street, but US braces for 100,000 deaths
NEW YORK (AP) — Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nati…
Citgo sues Miami firm over millions lost in Venezuela fraud
MIAMI (AP) — When the U.S. recognized Venezuelan opposition leader Juan Guaidó as the nation's rightful leader last year it did more than just trigger a bitter feud with socialist leader Nicolás Maduro. Increasingl…
Asia Today: South Korea cases rise, India crosses 150,000
SEOUL, South Korea (AP) — South Korea reported 40 new cases of the coronavirus on Wednesday, its biggest daily jump in nearly 50 days, causing alarm as millions of children return to school.
Business Highlights
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Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for July delivery fell $1.54 to settle at $32.81 a barrel Wednesday. Brent crude oil for July delivery dropped $1.43 to $34.74 a barrel.
France deploys $8.8 billion to rescue ailing car industry
PARIS (AP) — France’s government is injecting more than 8 billion euros ($8.8 billion) to save the country’s car industry from huge losses wrought by virus lockdowns, and wants to use the crisis to make France the …
Virgin Orbit analyzing data to find cause of rocket failure
LOS ANGELES (AP) — Virgin Orbit engineers were analyzing data Tuesday to find out what caused the maiden flight of its air-launched satellite booster to fail.
Judge strikes down US energy leasing rules in bird habitat
BILLINGS, Mont. (AP) — A U.S. judge has dealt another blow to the Trump administration's efforts to increase domestic oil and gas output from public lands, saying officials failed to protect habitat for a declining…
McConnell discusses prospects for another round of relief
Faced with a collapsed job market, Congress needs to tend to unemployment insurance funds supporting millions thrown out of work, but surging debt means there are limits to the scope of federal aid to help heal the