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…
Bank of England cuts key interest rate in response to virus
LONDON (AP) — The Bank of England slashed its key interest rate by half a percentage point to 0.25% on Wednesday, as part of an emergency package of measures to cushion the “economic shock" of the coronavirus outbr…
Port firm DP World sees 2019 profits drop 8.3% as it delists
DUBAI, United Arab Emirates (AP) — Dubai-based port operator DP World said Wednesday its profits fell 8.3% to $1.18 billion in 2019, warning that global trade remains threatened by trade wars and the spread of the …
Saudi Aramco says it will increase oil production capacity
DUBAI, United Arab Emirates (AP) — Saudi Arabia's oil company Aramco said Wednesday it will increase production capacity to 13 million barrels per day, up from 12 million per day, part of a strategy to dominate mar…
Saudi oil company Aramco says it will increase production capacity to 13 million barrels per day, up from 12 million.
DUBAI, United Arab Emirates (AP) — Saudi oil company Aramco says it will increase production capacity to 13 million barrels per day, up from 12 million.
Bank of England cuts key interest rate to 0.25% as emergency measure in response to COVID-19
LONDON (AP) — Bank of England cuts key interest rate to 0.25% as emergency measure in response to COVID-19.
3 infected at company that greets Florida cruise passengers
MIAMI (AP) — Three employees of a company that greets cruise ship passengers in Florida have tested positive for the new coronavirus, state health officials said Tuesday, urging anyone who recently traveled through…
Seattle small businesses pinched as virus keeps workers home
SEATTLE (AP) — The
New Wells Fargo CEO: Issues will not resolve until 2021
NEW YORK (AP) — The third chief executive of Wells Fargo in four years appeared in front of Congress on Tuesday, saying that there's much the bank needs to do to fix its cultural problems, and isn't expecting it to…
Stocks surge as hopes build for Trump administration response to economic threat from virus; Dow gains more than 1,100
NEW YORK (AP) — Stocks surge as hopes build for Trump administration response to economic threat from virus; Dow gains more than 1,100.
Lawsuit seeks to require LA to provide beds for homeless
LOS ANGELES (AP) — A federal lawsuit filed Tuesday seeks to force Los Angeles officials to provide thousands of shelter beds in an effort to stem what it described as the unfolding “human tragedy” of people living …
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…
As stocks tumble, long-term investors advised to sit tight
It’s hard to sit tight during uncertain times. But when it comes to long-term investing, it's the best time to do just that.
Saudi Arabia increases oil output to record high
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-run oil giant Saudi Aramco said Tuesday it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
Walmart revises leave policy in face of virus; worker tests
NEW YORK (AP) — Walmart is enacting an emergency leave policy for its 1.4 million hourly U.S. workers that allowing them to take time off without penalty if they fear the spread of a new virus.
Weathering the stock markets: one investor's strategy
NEW YORK (AP) — Buy and hold — and don't sell when the stock market plunges.