Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Moses Lake's newest Mexican restaurant opens — Cactus
MOSES LAKE — Suced Yusso is a new restaurateur in Moses Lake, opening the Cactus restaurant downtown at 212 S. Div…
How major US stock indexes fared Wednesday
Stocks closed lower on Wall Street Wednesday as more signs emerged of the economic damage being caused by the coronavirus outbreak.
Factory shutdowns near WWII demobilization levels in US
WASHINGTON (AP) — American industry collapsed in March as the pandemic wreaked havoc on the U.S. economy. Manufacturing and overall industrial production posted the biggest declines since the United States demobili…
US judge cancels permit for Keystone XL pipeline from Canada
BILLINGS, Mont. (AP) — A U.S. judge canceled a key permit Wednesday for the Keystone XL oil pipeline that’s expected to stretch from Canada to Nebraska, another setback for the disputed project that got underway le…
Stimulus checks to bear Trump's name in unprecedented move
WASHINGTON (AP) — President Donald Trump's name will be printed on the stimulus checks that the IRS will be sending to tens of millions of Americans around the country, an unprecedented move finalized this week.
Asian stocks sink after IMF says global economy will shrink
Asian stocks edged lower Wednesday after the International Monetary Fund said the global economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic.
Tech companies step up fight against bad coronavirus info
CHICAGO (AP) — Potentially dangerous coronavirus misinformation has spread from continent to continent like the pandemic itself, forcing the world’s largest tech companies to take unprecedented action to protect pu…
Trump resort in Florida lays off 560 workers due to virus
DORAL, Fla. (AP) — The Trump golf resort in South Florida where President Donald Trump initially wanted to host this year's Group of Seven summit has temporarily laid off 560 workers.
Fed notes what most Americans see: A sharp economic downturn
WASHINGTON (AP) — The Federal Reserve is noting what most Americans are already acutely aware of: Economic activity contracted sharply and abruptly cross all regions of the country in recent weeks as the country lo…
Hit by the virus and weighing a raid on your 401(k)? Beware
Many Americans are struggling financially due to the coronavirus. A recent
Asia Today: Millions vote in South Korea despite virus
BANGKOK (AP) — Millions of South Korean voters wore masks and maintained social distancing as they voted in parliamentary elections on Wednesday, with a surprisingly high turnout despite the spreading coronavirus.
Detroit facing fresh fiscal woes with coronavirus closures
DETROIT (AP) — Barely surviving the 2008 economic meltdown and humbled by its 2013 bankruptcy, Detroit’s fiscal future now faces another daunting foe in the coronavirus.
UnitedHealth keeps 2020 forecast as coronavirus hit emerges
UnitedHealth Group is sticking with its 2020 profit forecast for now, as the health insurance giant sifts through all the ways the coronavirus pandemic may alter its business.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil was unchanged at $19.87 a barrel Thursday. Brent crude oil, the international standard, rose 13 cents $27.82 a barrel.
Banks brace for big loan defaults by US, global customers
NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic.
Government nears lending limit on small business program
NEW YORK (AP) — The government is approaching the $349 billion lending limit on its Paycheck Protection Program that is funneling relief money to the nation’s small businesses.