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 …
Toyota profit drops on virus outbreak but recovery expected
TOKYO (AP) — Toyota Motor Corp. reported Tuesday a sharp plunge in fiscal fourth quarter profit as the global pandemic slammed vehicle sales and halted production at its auto plants.
Tesla CEO Musk restarts California factory amid lockdown
FREMONT, Calif. (AP) — Tesla CEO Elon Musk confirmed Monday that the company has restarted its California factory, a move that defied local government orders involving measures to contain 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…
Expert warns many countries are driving blind as they reopen
NEW YORK (AP) — India's trains will start rolling again and millions in the Philippines will be able to leave their homes, even as an expert warns that many countries are driving blind as they reopen because they h…
Feds: Arsenal found in the home of Walmart threat suspect
HORIZON CITY, Texas (AP) — Federal agents found multiple firearms, including a machine gun, at the West Texas home of a man accused of making online threats that included a photo of a weapon and a reference to Walm…
Asia Today: Singapore partly reopens despite rise in cases
BANGKOK (AP) — Singaporeans were able to get a haircut at the barber or pop in to their favorite bakery Tuesday as the government loosened restrictions three weeks before a partial lockdown ends.
China auto sales fall in April but loss narrows
BEIJING (AP) — China’s auto sales declined again in April but losses narrowed in a sign the industry's biggest global market is recovering from the coronavirus pandemic as Beijing eases anti-disease controls, accor…
Asian shares decline on jitters over new outbreaks of virus
BANGKOK (AP) — Shares fell Tuesday in Asia as worries over fresh outbreaks of coronavirus cases overshadowed hopes over reopening economies.
Small-town barber wins early victory in fight to stay open
DETROIT (AP) — A judge on Monday declined to stop a defiant Michigan man who
Bulging deficits may threaten prized Pentagon arms projects
WASHINGTON (AP) — The government's $3 trillion effort to rescue the economy from the coronavirus crisis is stirring worry at the Pentagon. Bulging federal deficits may force a reversal of years of big defense spend…
Asia Today: Philippine lockdown to be eased, with caution
BANGKOK (AP) — Philippine President Rodrigo Duterte said the massive lockdown that has restricted millions to their homes will be eased, but he warned that people who want to return to work must follow safeguards t…
Arkansas professor accused of not disclosing ties to China
LITTLE ROCK, Ark. (AP) — The University of Arkansas has suspended an electrical engineering professor without pay after he was arrested on an allegation that he failed to disclose that he had close ties with the Ch…
Feds: Arsenal found in the home of Walmart threat suspect
HORIZON CITY, Texas (AP) — Federal agents found multiple firearms, including a machine gun, at the West Texas home of a man accused of making online threats that included a photo of a weapon and a reference to Walm…
IRS sets deadline for relief payment by direct deposit
The Treasury Department and the IRS are urging taxpayers who want to get their economic impact payments directly deposited to their bank accounts to enter their information online by Wednesday.
Colorado restaurant shut down for allowing sit-down dining
DENVER (AP) — A Colorado restaurant that opened for full service on Mother’s Day in defiance of state rules banning sit-down dining was ordered to close Monday and had its license suspended indefinitely by health o…