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 …
Stocks slide as Amazon, other companies detail virus fallout
Stocks closed broadly lower on Wall Street Friday after Amazon and other big companies reported disappointing results, the latest evidence of how the coronavirus pandemic is hobbling the economy and hurting corpora…
Asia Today: Japan debuts robots at hotels for virus patients
BANGKOK (AP) — Robot staff debuted at a Tokyo hotel used for mildly sick coronavirus patients under a new plan to free up beds at hospitals overburdened with more severe cases.
Buffett's firm reports nearly $50B loss as investments drop
OMAHA, Neb. (AP) — Warren Buffett’s company reported a nearly $50 billion loss on Saturday because of a huge drop in the paper value of its investments, though the company is still sitting on a huge pile of cash.
Bangladesh factories resume work, risking new virus cases
DHAKA, Bangladesh (AP) — Bangladesh has reopened hundreds of its garment factories this week after nearly one month of closures to fight the coronavirus pandemic in a move critics say risks igniting a sharp increas…
US Steel expects to lay off 2,700 as virus reduces demand
PITTSBURGH (AP) — U.S. Steel expects to lay off roughly 2,700 employees as the demand for iron and steel drops during the coronavirus pandemic, the company said.
PG&E to purge most of its board in fallout from bankruptcy
BERKELEY, Calif. (AP) — PG&E Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern…
Forbidden City, parks in Chinese capital reopen to public
BEIJING (AP) — Beijing’s parks and museums including the ancient Forbidden City reopened to the public Friday after being closed for months by the coronavirus pandemic.
How major US stock indexes fared Friday
Stocks closed lower on Wall Street Friday, giving up their gains for the week, after Amazon and other big companies laid out how the coronavirus pandemic is hitting their bottom lines.
Virus delays prison time for Hot Pockets heir, ex-CEO
An heir to the Hot Pockets fortune and a former investment executive who participated in the college admissions cheating scheme won't get to serve their punishments at home, but they can delay going to prison until…
Beijing’s parks and museums including the ancient Forbidden City reopen to the public after being closed by coronavirus
BEIJING (AP) — Beijing’s parks and museums including the ancient Forbidden City reopen to the public after being closed by coronavirus.
House panel wants Bezos to testify in antitrust probe
WASHINGTON (AP) — House lawmakers
Exxon profits drop as most of world stays home, forgoes fuel
NEW YORK (AP) — Profits fell at Exxon Mobil and Chevron warned of tough times ahead as the global pandemic began to erode oil demand.
Amazon, Exxon Mobil fall; Clorox, Moderna rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday:
US agency finds no apparent air bag defect in older GM cars
DETROIT (AP) — After a probe that took over six years, U.S. auto safety investigators have found no apparent defect with the passenger air bag seat sensors in thousands of older General Motors sedans.
Back to work, owners make changes so workers feel safe
NEW YORK (AP) — Before the coronavirus outbreak, furniture deliveries at Sunnyland Outdoor Living meant two employees sitting side-by-side in a truck. Now, one will be driving the truck while the second follows in …