Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Port of Moses Lake issues bonds to buy property
MOSES LAKE — The Port of Moses Lake will issue about $19 million in bonds to buy land adjoining existing port prop…
Facing recession, Europe grasps for ways to limit damage
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing th…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude fell $1.48, or 4.5%, to settle at $31.50 a barrel. Brent crude, the international standard, dropped $2.57, or 7.2%, to $33.22.
Trump announces delay of tax deadline for virus victims
WASHINGTON (AP) — President Donald Trump announced Wednesday night that he will instruct the Treasury Department to allow individuals and businesses negatively affected by the coronavirus to defer their tax payment…
Virus could test Latin America's already ailing economy
PROGRESO, Ecuador (AP) — For years, Dionisio Romero has relied for his livelihood on a magenta-colored dragon fruit that is wildly popular in Asia, planting dozens of the spindly trees at his farm near Ecuador’s Pa…
US budget deficit up 14.8% for first 5 months of fiscal year
WASHINGTON (AP) — The U.S. budget deficit through the first five months of this budget year is up 14.8% from the same period a year ago, keeping the country on track to record its first $1 trillion deficit since 20…
A look at what happens when stocks enter a bear market
Wall Street’s staggering skid that began less than three weeks ago has pulled the Dow Jones Industrial Average into what’s known as a bear market.
Spain eyes trade, defense talks ahead of US state visit
MADRID (AP) — Spain won't use its defense cooperation with the United States as leverage in its push against tariffs on European products, the Spanish foreign minister said on Wednesday ahead of a visit to Washingt…
Sporting goods chain Modell's to close its remaining stores
NEW YORK (AP) — Modell's Sporting Goods, the century-old family-owned sporting goods chain, has filed for Chapter 11 bankruptcy and will be closing its remaining 115 stores.
Coronavirus could take big bite out of California budget
SACRAMENTO, Calif. (AP) — From cruise ships to quarantines to school closures, California leaders have had plenty to worry about with the rapid spread of the coronavirus.
Dow tumbles into bear market as coronavirus fears intensify
NEW YORK (AP) — Stocks careened lower Wednesday, with the Dow Jones industrials sinking more than 1,400 points, as investors became more fearful that the Trump administration and other global governments won’t be a…
The Latest: Ordinary investors advised to stick it out
NEW YORK (AP) — The Latest on the action in the financial markets (all times local):
Closing prices for crude oil, gold and other commodities
Benchmark crude oil fell $1.38 to settle at $32.98 a barrel. Brent crude oil, the international standard, fell $1.43 to close at $35.79 a barrel.
Gilead, Cloudera rise; Halliburton, Hanesbrands fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Corporate debt loads a rising risk as virus hits economy
WASHINGTON (AP) — A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money,…
Dow drops more than 1,400 points, or 5.9%, as investors await broader response to economic damage from the coronavirus.
NEW YORK (AP) — Dow drops more than 1,400 points, or 5.9%, as investors await broader response to economic damage from the coronavirus.