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…
U.S. Fed establishes currency swaps with 9 central banks
Washington (AP) — The Federal Reserve has set up a program to exchange dollars for foreign currency with nine central banks to support dollar lending in global markets that are under pressure from the impact of the…
Jobless claims jump by 70,000 as virus starts to take hold
WASHINGTON (AP) — The number of Americans filing new claims for unemployment benefits surged last week by 70,000 to the highest level in more than two years, indicating that the effect of the coronavirus was starti…
Applications for unemployment benefits surge by 70,000 last week as impact of virus begins to be felt in labor market
WASHINGTON (AP) — Applications for unemployment benefits surge by 70,000 last week as impact of virus begins to be felt in labor market.
Federal Reserve establishes currency swap lines with 9 more central banks to provide dollars overseas
WASHINGTON (AP) — Federal Reserve establishes currency swap lines with 9 more central banks to provide dollars overseas.
EU Brexit negotiator Michel Barnier has coronavirus
BRUSSELS (AP) — Michel Barnier, the European Union's chief negotiator for the bloc's future relationship with Britain after Brexit, has been infected with the new coronavirus.
Mideast airlines lose $7B as airports shut to combat virus
DUBAI, United Arab Emirates (AP) — Seven Middle Eastern countries have suspended all commercial flights due to the fast-spreading new coronavirus, as the aviation industry's largest trade association announced Thur…
Saudi Arabia to slash spending by 5% as oil prices fall
DUBAI, United Arab Emirates (AP) — Saudi Arabia said the government will cut spending by 5%, or about $13.3 billion, to offset the impact of plunging oil prices and the effects of the new coronavirus on its economi…
Next up: Trump's $1T plan to stabilize economy hit by virus
WASHINGTON (AP) — By a sweeping bipartisan tally, the Senate approved a $100 billion-plus bill to boost testing for the coronavirus and guarantee paid sick leave for millions of workers hit by it — and President Do…
Oil and gas lease bidding in Gulf of Mexico drops anew
NEW ORLEANS (AP) — Bidding on federal oil and gas leases in the Gulf of Mexico on Wednesday was the lowest since gulf-wide sales began in August 2017 — and lower than any sale since 1993 for the productive central …
Stock trading is halted for the fourth time this month as S&P 500 drops 7%; trading resumes in 15 minutes
NEW YORK (AP) — Stock trading is halted for the fourth time this month as S&P 500 drops 7%; trading resumes in 15 minutes.
Asian stocks higher after Trump promise of virus aid
BEIJING (AP) — Major Asian stock markets were higher Wednesday after Wall Street rebounded on President Donald Trump's promise of aid to get the U.S. economy through the coronavirus outbreak.
Q&A: What does 90-day tax payment delay mean for filers?
The Trump administration has announced that most individuals and businesses will be allowed to delay paying their federal tax bills for 90 days as part of an emergency relief plan amid the coronavirus pandemic.
The Latest: China sends masks, medical supplies to France
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Volvo recalls vehicles to fix automatic braking malfunction
DETROIT (AP) — Volvo is recalling more than 736,000 vehicles worldwide because the automatic emergency braking system may not detect obstacles and stop the vehicles as designed.
Trump invokes emergency authority, no new cases in Wuhan
MINNEAPOLIS (AP) — President Donald Trump invoked emergency authority to marshal industry to fight the coronavirus, as the economic fallout from the pandemic mounted Wednesday with major U.S. auto manufacturers say…