Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
'It begins with integrity'
MOSES LAKE — When Simon Ribellia started painting homes at age 15, he wasn't planning on making it a full-time car…
Pelosi unveils $3T virus bill, warns inaction costs more
WASHINGTON (AP) — House Speaker Nancy Pelosi unveiled a more than $3 trillion
Virus consipracy-theory video shows challenges for big tech
CHICAGO (AP) — One by one, tech companies across Silicon Valley scrambled to take down a slickly produced video of a discredited researcher peddling a variety of conspiracy theories about the coronavirus.
Australia faces 'sobering' future economy due to coronavirus
CANBERRA, Australia (AP) — Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is re…
The Latest: France to thank health workers on Bastille day
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Musk becomes champion for businesses defying shutdown orders
At the Fit4All Gym in Lebanon, Illinois, owner David Tate considers Elon Musk a huge ally in the fight against government coronavirus orders that Tate says are driving him into the poorhouse.
UK on course for 'significant' recession after March slump
LONDON (AP) — The U.K. government warned Wednesday of a “significant” recession after official figures showed the economy shrank 2% in the first quarter of the year even though it included just one week of the coro…
Ukraine approves law on banks in a bid for IMF aid
KYIV, Ukraine (AP) — Ukraine has passed a law preventing former owners of nationalized or liquidated banks from regaining ownership or receiving state compensation, a move that allows the country to get $5.5 billio…
How major US stock indexes fared Tuesday
Stocks closed broadly lower on Wall Street Tuesday, erasing some of the market's gains from last week.
Powell warns of a possible sustained recession from pandemic
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-…
Facebook to pay moderators $52M for psychological damages
Facebook has agreed to pay $52 million to its content moderators whose job has them viewing graphic and disturbing posts and videos on its platforms.
Asia Today: New Zealand ends most coronavirus restrictions
BANGKOK (AP) — New Zealand has ended most of its coronavirus lockdown restrictions as it prepares itself for a new normal.
World's biggest shipper expects 25% drop in container demand
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that it expects its transport volumes to drop by up to 25% in the second quarter as the world economy sl…
Fauci warns: More death, econ damage if US reopens too fast
WASHINGTON (AP) — The U.S. government’s top infectious disease expert issued a blunt warning Tuesday that cities and states could “turn back the clock” and see more COVID-19 deaths and economic damage alike if they…
Atlantic City voters keep their government amid pandemic
ATLANTIC CITY, N.J. (AP) — Atlantic City will fight its way through the coronavirus pandemic and attempt to rebuild its devastated casino-based economy under its current form of government.
Couples turn to `minimonies' to salvage wedding plans
NEW YORK (AP) — Couples trying to salvage weddings put on hold by the coronavirus are feeding a fresh trend in the bridal industry: the “minimony."