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…
Australia cuts benchmark interest rate to record low 0.25%
CANBERRA, Australia (AP) — Australia’s central bank on Thursday cut its benchmark interest rate by a quarter of a percentage point to a record low 0.25%, urgently seeking to alleviate economic shocks from the new c…
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…
Asian shares resume decline after latest Wall St tumble
BANGKOK (AP) — Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street.
The Latest: Asian shares log early losses, Tokyo down 0.8%
NEW YORK (AP) — The Latest on action in the financial markets (all times local):
Chinese factories face new threat: US anti-virus controls
BEIJING (AP) — Factories in China, struggling to reopen after the coronavirus shut down the economy, face a new threat from U.S. anti-disease controls that might disrupt the flow of microchips and other components …
USDA to appeal ruling, seeks food stamp change amid pandemic
WASHINGTON (AP) — The Agriculture Department said Wednesday that it would appeal a judge’s ruling that it would be “arbitrary and capricious” to move forward during a global health crisis with food stamp changes th…
Europe's central bank launches new program to calm markets
FRANKFURT, Germany (AP) — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets as monetary authorities struggle to counter the devastation the virus outbre…
USDA fights to purge food stamps recipients despite pandemic
WASHINGTON (AP) — The Agriculture Department said Wednesday that it would appeal a judge’s ruling that it would be “arbitrary and capricious” to move forward during a global health crisis with food stamp changes th…
European Central Bank says it will buy 750 billion euros in securities this year to counter effects of virus outbreak
FRANKFURT, Germany (AP) — European Central Bank says it will buy 750 billion euros in securities this year to counter effects of virus outbreak.
Freddie, Fannie suspend some evictions and foreclosures
Mortgage buyers Fannie Mae and Freddie Mac said Wednesday that they will suspend all foreclosure sales and evictions of borrowers in single family homes owned by their companies.
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 …
The Latest: NYSE to temporarily close its trading floor
NEW YORK (AP) — The Latest on action in the financial markets (all times local):
Stocks tumble, investors dash for cash amid recession fears
NEW YORK (AP) — Stocks tumbled more than 5% on Wall Street Wednesday, and the Dow erased virtually all its gains since President Donald Trump's 2017 inauguration. Even prices for investments seen as safe during dow…
How major US stock indexes fared Wednesday
Major U.S. stock indexes closed sharply lower on Wall Street Wednesday as fears of a prolonged coronavirus-induced recession took hold.
Manufacturers shutter plants, travel halted as virus spreads
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cu…