Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
States are changing fire codes to make housing cheaper. Some safety experts are worried
States and cities are loosening building code requirements in an effort to lower construction costs and boost affo…
US loses 140,000 jobs, first monthly drop since spring
WASHINGTON (AP) — U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and…
Asia Today: China asks residents in 2 cities to stay home
BEIJING (AP) — Chinese authorities have asked residents in two cities south of Beijing to stay home for seven days as they try to stamp out a COVID-19 outbreak in which more than 300 people have tested positive in …
Rioters who stormed US Capitol now face backlash at work
NEW YORK (AP) — A printing company in Maryland saw the photo on Twitter Wednesday night: an employee roaming the halls of the U.S. Capitol with a company badge around his neck. He was fired the next day.
The Latest: Mexico records new high for cases for 3rd day
MEXICO CITY — Mexico has posted its third straight day of a new high for coronavirus infections, with 14,362 newly confirmed cases and a near-record of 1,038 more deaths.
The Latest: Kansas prisons get vaccine priority in 2nd phase
MISSION, Kan. — Kansas state prisons, which have been hit hard by the coronavirus pandemic, will be given priority in the next phase of vaccinations.
Hyundai recalls 471K more SUVs, tells owners to park outside
DETROIT (AP) — Hyundai is adding about 471,000 SUVs to a September U.S. recall for an electrical short in a computer that could cause fires. And the company is warning owners to park the SUVs outdoors until they ar…
Twitter permanently suspends Trump from its platform, citing 'risk of further incitement of violence'
WASHINGTON (AP) — Twitter permanently suspends Trump from its platform, citing 'risk of further incitement of violence.'
How major stock indexes fared Friday
Major stock indexes closed at new highs on Wall Street Friday, leaving the market with solid gains for the first week of the year.
Stock market shakes off a slump to reach more record highs
Wall Street notched more milestones Friday as the market largely shrugged off another
Sarepta, Newmont fall; WD-40, New Relic rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday:
Deutsche Bank to pay $130 million to avoid bribery charge
NEW YORK (AP) — Deutsche Bank agreed Friday to pay fines and penalties of about $130 million to avoid a criminal prosecution on charges it participated in a foreign bribery scheme to win business in Saudi Arabia.
US consumer credit up 4.4% in November, best in 5 months
WASHINGTON (AP) — U.S. consumer borrowing rose 4.4% in November, its strongest showing in five months, led by strong gains in auto and student loans that offset a drop in credit card borrowing.
Semiconductor shortage forces automobile production cuts
DETROIT (AP) — A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns.
US consumer borrowing advanced 4.4% in November with gains in auto and student loans
WASHINGTON (AP) — US consumer borrowing advanced 4.4% in November with gains in auto and student loans.
US sanctions prominent Iraqi politician over rights abuses
BAGHDAD (AP) — The U.S. Treasury on Friday imposed sanctions on a prominent Iraqi politician and security official, accusing him of serious human rights abuses.