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 …
Elon Musk becomes champion of defying virus stay-home orders
Tesla CEO Elon Musk has emerged as a champion of defying stay-home orders intended to stop the coronavirus from spreading, picking up support — as well as critics — on social media.
Dispute over reopening California Tesla factory may be over
DETROIT (AP) — It appears the dispute between Tesla and San Francisco Bay Area authorities over the reopening of a factory in the face of shutdown orders is coming to an end.
Why prospect of deflation could pose a threat to US economy
WASHINGTON (AP) — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge …
India's financial center strains from virus amid rescue plan
NEW DELHI (AP) — As Indians await details of a huge coronavirus relief package Prime Minister Narendra Modi has announced to jump-start the economy, the virus outbreak in the financial capital of Mumbai and elsewhe…
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…
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.
House rescue package includes $25 billion for Postal Service
WASHINGTON (AP) — A new coronavirus aid package released Tuesday by House Democrats includes $25 billion for the cash-strapped U.S. Postal Service, which could run out of money by the end of September without a tax…
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…
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."
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.
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 has no new cases for 2nd day
BANGKOK (AP) — New Zealand reported zero new cases of the coronavirus on Wednesday, the second day in a row without any new cases and the fourth day since early last week.
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…