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…
Emerging economic data reveals devastation; job losses grow
The outbreak of the
Richest countries agree to freeze poorer nations' debt
JOHANNESBURG (AP) — The world’s richest countries agreed Wednesday to freeze poor nations’ debt obligations, shortly after nearly 20 European and African leaders made a joint appeal for a massive international effo…
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.
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.
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…
What to know about applying for gig work during the pandemic
NEW YORK (AP) — A leap in U.S. unemployment has thrown a spotlight on one type of work in high demand during the coronavirus pandemic: Gig work delivering groceries, meals and packages.
Commerce locks up and retail sales plunge unprecedented 8.7%
WASHINGTON (AP) — U.S. retail sales plummeted 8.7% in March, an unprecedented decline, as the viral outbreak forced an almost complete lockdown of commerce nationwide.
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.
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.
US retail sales fall by record 8.7% in March as Americans pulled back on spending amid viral outbreak
WASHINGTON (AP) — US retail sales fall by record 8.7% in March as Americans pulled back on spending amid viral outbreak.
Citi 1Q profit falls 46% as virus hits US, global customers
NEW YORK (AP) — Banking conglomerate Citigroup says first-quarter profit dropped 46% as it set aside billions to cover potentially bad loans. Citi set aside $7.03 billion for loan losses this quarter, up from $1.98…
Goldman Sachs 1Q profit falls 46% as virus hits investments
NEW YORK (AP) — Goldman Sachs says first quarter-profit dropped by 46%, due to significant losses on Goldman’s own investments as well as a buildup in reserves against bad loans. The bank had to set aside $937 mill…
Amid pandemic, Greece issues bond to display 'confidence'
ATHENS, Greece (AP) — Greece has launched a 7-year bond auction, taking advantage of an improvement in borrowing rates driven by massive European stimulus packages to address the impact of the coronavirus pandemic.
UnitedHealth won't seek federal aid because of outbreak
UnitedHealth Group is sticking to its 2020 profit outlook and says it won't seek federal assistance to make it through a coronavirus outbreak that has hobbled much of the economy.
Mideast economies battered by virus, oil prices and conflict
DUBAI, United Arab Emirates (AP) — The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and large numbers of refugees, will sink into a recession this year sparked by the double sh…