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 …
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose $2.72, or 22%, to close at $15.06 a barrel Wednesday. Brent crude oil, the international standard, rose $2.08, or 10.2%, to $22.54 a barrel.
Pepsi beats 1Q forecasts but says outlook is grimmer
PepsiCo — which makes Frito Lay chips and Quaker cereals — is getting a boost as more U.S. consumers eat breakfast and snack at home.
UPS posts $965 million profit, missing Wall Street's target
ATLANTA (AP) — United Parcel Service Inc. reported a 13% drop in first-quarter profit, to $965 million, as stay-at-home orders generated deliveries to people’s homes but not enough to offset the higher costs and a …
Asian stocks gain after France, Spain unveil reopening plans
BEIJING (AP) — Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen.
Earnings season is in full swing and uncertainty is certain
The most active week of the earnings season is on and the rush of quarterly reports Tuesday, 39 in all, captured the maneuvering of companies from almost every sector as they feel their way through an unprecedented…
Gov't OKs $50B in small biz loans, banks complain of snags
NEW YORK (AP) — The government says it has approved an additional $50 billion in loans to small businesses, although banks are complaining that a bottleneck at the Small Business Administration is severely slowing …
Samsung expects profit decline as pandemic hits sales
SEOUL, South Korea (AP) — Samsung Electronics Co. said Wednesday its operating profit for the first three months of 2020 rose 3.4% from a year earlier driven by increasing demands for computer chips. However, the c…
The top TV apps on App Store
Movies US charts:
Asia Today: Surf's up, coffee's ready as New Zealand reopens
BANGKOK (AP) — Surfers greeted a spectacular sunrise in Christchurch, construction workers purchased their favorite espresso coffees and some lawmakers returned to Parliament in New Zealand's capital, Wellington, o…
California scales up 1st-in-US electric truck sale proposal
SACRAMENTO, Calif. (AP) — California regulators on Tuesday strengthened a proposed first-in-the-nation rule that would force auto makers to sell more electric delivery vans and work trucks in a state with the count…
Consumer confidence plunges in April as millions lose jobs
WASHINGTON (AP) — U.S. consumer confidence plunged in April as millions lost their jobs and there was an unprecedented deterioration of an index that monitors their attitudes about current business and work conditi…
California scales up 1st-in-US electric truck sale proposal
SACRAMENTO, Calif. (AP) — California regulators on Tuesday strengthened a proposed first-in-the-nation rule that would force auto makers to sell more electric delivery vans and work trucks in a state with the count…
Lawsuit: US citizens with immigrant spouses should get help
PHOENIX (AP) — The Mexican American Legal Defense and Educational Fund has sued the federal government over its denial of coronavirus relief payments to U.S. citizens who are married to immigrants without social se…
Ford burns up billions of dollars in 1Q, posts $2B net loss
DETROIT (AP) — The coronavirus crisis is forcing Ford Motor Co. to burn through cash at an alarming rate, but its chief financial officer says there's enough money to make it through the year —even if U.S. factorie…
CN pays $1.25M to settle 2016 Minnesota wildfire damage
Canadian National Railway has paid $1.25 million to settle damage caused by a 2016 wildfire that burned national forest land in northeastern Minnesota, federal prosecutors said Tuesday.