Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Basin home prices up overall
MOSES LAKE — Home prices were up across most of the Columbia Basin in August, the latest month for which informati…
NASCAR orders pay cuts for employees of the racing series
CHARLOTTE, N.C. (AP) — NASCAR informed its staff Tuesday that pay cuts will be imposed across the company until the series returns to racing.
Olympics delayed as Europe, US struggle with surging virus
NEW YORK (AP) — The Tokyo Olympics were postponed a year as coronavirus deaths and infections surged in Europe and the U.S. on Tuesday, with New York warning it is about to get hit by a “bullet train." Stocks soare…
Business Fallout: Nike cites jump in online sales in China
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments Tuesday as central banks, businesses and workers attemp…
Chevron, IHS Markit rise; Invesco Mortgage, Milestone fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:
Teams, toddlers and cabinets: The joys of working from home
In the early days of working from home to prevent spread of the COVID-19 disease, some Massachusetts Institute of Technology researchers talking strategy on a video chat couldn’t help but get distracted by their te…
New home sales fall 4.4% in February to 765,000 as economists seek first indications of virus outbreak
WASHINGTON (AP) — New home sales fall 4.4% in February to 765,000 as economists seek first indications of virus outbreak.
Stocks open sharply higher as hopes build that Congress will pass virus relief package; Dow jumps 1,000 points, or 5.9%
NEW YORK (AP) — Stocks open sharply higher as hopes build that Congress will pass virus relief package; Dow jumps 1,000 points, or 5.9%.
Canada's second largest airline cuts almost half its staff
TORONTO (AP) — Canada's second biggest airline, WestJet, said Tuesday almost half its employees are leaving the company amid the pandemic as it seeks to survive until things stabilize.
Closing prices for crude oil, gold and other commodities
Benchmark crude oil rose 48 cents to close at $24.49 a barrel Wednesday. Brent crude oil, the international standard, rose 24 cents to $27.39 a barrel.
Iconic plant's end spells doom for struggling coal industry
DRAKESBORO, Ky. (AP) — President Donald Trump tried to stop it from happening. The top Republican in the Senate, Mitch McConnell, did too.
Potential coronavirus treatment granted rare disease status
WASHINGTON (AP) — The pharmaceutical giant that makes a promising coronavirus drug has registered it as a rare disease treatment with U.S. regulators, a status that can potentially be worth millions in tax breaks a…
Key medical glove factories cutting staff 50% amid virus
Malaysia's medical glove factories, which make most of the world's critical hand protection, are operating at half capacity just when they're most needed, The Associated Press has learned.
The Latest: Travel stocks post huge gains on hopes for aid
NEW YORK (AP) — The Latest on the action in the financial markets (all times local):
Group accused of impersonating Walmart execs, scamming $900K
CHARLOTTE, N.C. (AP) — A group of North Carolina counterfeiters has been accused of impersonating Walmart corporate executives and scamming multiple stores in several states out of about $900,000, court documents s…
Fed to suspend some bank supervision during viral outbreak
WASHINGTON (AP) — The Federal Reserve said it will