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 …
Finnair plans joint venture with China's Juneyao Air
HELSINKI (AP) — Finnish carrier Finnair, which has focused heavily on routes to Asia, says it will deepen its cooperation with China's Juneyao Air and aims to set up a joint venture with the airline to operate the …
JPMorgan 1Q profit drops 70% as it readies for loan defaults
NEW YORK (AP) — JPMorgan Chase is preparing for the possibility that customers ranging from credit card holders to oil companies could fail to pay back billions of dollars in loans as the economy reels from the cor…
Fiat Chrysler recalls pickups, SUVs to fix windshield wipers
DETROIT (AP) — Fiat Chrysler is recalling more than 550,000 pickup trucks and SUVs worldwide because the windshield wiper arms can come loose and stop the wipers from working properly.
Renault closing main China business, will focus on electrics
BEIJING (AP) — Renault SA said Tuesday it will shut down its main China business and focus on electric and commercial vehicles.
Virus sours business for already-reeling dairy industry
MARSHFIELD, Vt. (AP) — This was supposed to be rebound year for dairy farmers embattled by at least four years of depressed milk prices — and then the coronavirus hit.
IMF: Global economy will suffer worst year since Depression
WASHINGTON (AP) — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
Wells Fargo takes 1Q earnings, revenue hit from virus
NEW YORK (AP) — Wells Fargo's profits plunged nearly 90% in the first quarter as the bank set aside billions of dollars in preparation for consumers and businesses defaulting on loans due to the coronavirus pandemi…
IMF: Global economy in 2020 will likely suffer its worst year since the Great Depression, brought down by viral outbreak
WASHINGTON (AP) — IMF: Global economy in 2020 will likely suffer its worst year since the Great Depression, brought down by viral outbreak.
J&J slashes outlook, races to develop coronavirus vaccine
Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions of dollars and cut its profit expectations by about 15%.
JPMorgan 1Q profit plunges as virus causes massive losses
NEW YORK (AP) — JPMorgan Chase said Tuesday that its first-quarter profits plunged by 69% from a year ago, as the bank was forced to set aside billions of dollars to cover potential losses tied to the coronavirus p…
Johnson & Johnson cuts profit outlook for 2020
Johnson & Johnson is cutting its profit expectations for the year as the coronavirus disrupts economies worldwide.
Millennial Money: A Q&A to build your financial resilience
A few months ago you may not have thought much about strategies for managing credit balances or how much of an emergency fund you really need. But with finances strained by the coronavirus pandemic, making smart mo…
Asia Today: China wet markets panned, India extends lockdown
BANGKOK (AP) — Australia’s prime minister has described as “unfathomable” the World Health Organization’s support for the reopening of markets where live animals are butchered in Wuhan, the Chinese city at the cent…
China's exports fall in March as pandemic hits world markets
BEIJING (AP) — China’s exports fell in March but at slower pace than the 17% contraction seen in January-February as the coronavirus shutdown paralyzed much business activity.
Traffic drop from stay-at-home orders imperils road funding
JEFFERSON CITY, Mo. (AP) — America’s roads are a lot less congested, due to coronavirus shutdowns that have kept millions of commuters, shoppers and vacationers parked at their homes.