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…
US government sees record monthly deficit of $737.9 billion
WASHINGTON (AP) — The federal government piled up a record deficit in April, traditionally a month of big budget surpluses.
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 …
AP Courtside: Telephone arguments on Trump's taxes run long
WASHINGTON (AP) — The Supreme Court is holding its second week of arguments by telephone because of the coronavirus pandemic, hearing
UK tests use of drone to deliver supplies to hospitals
STUBBINGTON, England (AP) — Britain is testing the use of a car-sized drone to deliver medical supplies more quickly to hospitals and help ease pressure on the country’s health system during the new coronavirus cri…
Uber considers buying Grubhub, according to newspaper report
NEW YORK (AP) — Uber is considering acquiring Grubhub in a deal that would give the companies control over a majority of the U.S. food delivery business, according to published reports.
Pants, bras are out, PJs in; travel industry layoffs begin
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the vir…
Trump: Fed retiree fund should ban Chinese investments
WASHINGTON (AP) — The Trump administration has directed the U.S. federal employee retirement fund to scrap its plan to place more than $4 billion into Chinese investments, a move that comes as the president blames …
Pelosi unveils more than $3 trillion new coronavirus relief package for Friday House vote
WASHINGTON (AP) — Pelosi unveils more than $3 trillion new coronavirus relief package for Friday House vote.
Brussels Airlines to cut 1,000 jobs amid COVID-19 crisis
BRUSSELS (AP) — Hard-hit by the global clampdown on travel, Belgium’s Brussels Airlines said Tuesday it will cut a quarter of its workforce as part of a cost-cutting plan, a move that has enraged politicians.
Correction: US-Virus Outbreak-IRS Payments story
In a story May 11, 2020, about (an IRS deadline for taxpayers to provide their direct deposit information, The Associated Press erroneously reported that the agency announced the deadline on Monday. The announcemen…
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.
India's prime minister announces huge virus relief package
NEW DELHI (AP) — Indian Prime Minister Narendra Modi announced Tuesday that the government will spend more than $260 billion, the equivalent of nearly 10% of the country's GDP, on a coronavirus economic relief pack…
Hospitals turn to online matchmakers to swap supplies
Facing shortages of protective equipment, two New England hospital systems tried the latest twist in internet matchmaking: online swap meets.
India's prime minister announces coronavirus economic relief package he says is worth nearly 10% of nation's GDP
NEW DELHI (AP) — India's prime minister announces coronavirus economic relief package he says is worth nearly 10% of nation's GDP.
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."