Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Local gas prices fall as summer driving season continues
MOSES LAKE — Drivers in Grant and Adams counties are seeing some relief at the pump after months of steadily risin…
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Facebook, Twitter CEOs to be pressed on election handling
WASHINGTON (AP) — The CEOs of Facebook and Twitter are being summoned before Congress to defend their handling of disinformation in the 2020 presidential election, even as lawmakers questioning them are deeply divi…
Airbnb details years of losses ahead of planned IPO
Airbnb was losing money even before the pandemic struck and cut its revenue by almost a third, the home-sharing company revealed in documents filed Monday ahead of a planned initial public offering of its stock.
Moderna says early data suggests its COVID-19 vaccine is effective, putting a second shot closer to seeking US approval
CAMBRIDGE, Mass. (AP) — Moderna says early data suggests its COVID-19 vaccine is effective, putting a second shot closer to seeking US approval.
2nd virus vaccine shows striking success in US tests
A second experimental COVID-19 vaccine — this one from Moderna Inc. — yielded extraordinarily strong early results Monday, another badly needed dose of hope as the pandemic enters a terrible new phase.
SEC Chair Clayton leaving post as top financial regulator
WASHINGTON (AP) — Jay Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at y…
The Latest: S. Korea daily virus cases stay above 200
South Korea’s daily coronavirus tally has stayed above 200 for a third consecutive day, as authorities consider raising the country’s social distancing rules.
Tesla will be added to the benchmark S&P 500 index Dec. 21
NEW YORK (AP) — Tesla will be added to the S&P 500 index on Dec. 21. Based on its market value Monday, the electric car maker would be one of the top 10 companies in the benchmark index upon entry.
Privacy activists in EU file complaints over iPhone tracking
BERLIN (AP) — European privacy activists have filed complaints against Apple over its use of software to track the behavior of iPhone users.
Trump administration takes steps toward refuge lease sale
JUNEAU, Alaska (AP) — The Trump administration is taking steps toward a lease sale within the Arctic National Wildlife Refuge, an area President-elect Joe Biden has said he would move to protect from oil and gas dr…
Dow closes at a record high for first time since February, recouping its pandemic losses, as hopes build for a vaccine
NEW YORK (AP) — Dow closes at a record high for first time since February, recouping its pandemic losses, as hopes build for a vaccine.
Biden seeks window on vaccine plans as Trump stalls handoff
WASHINGTON (AP) — President-elect Joe Biden's scientific advisers plan to meet with vaccine makers in coming days even as a
Walmart sells majority stake in Japanese Seiyu supermarket
TOKYO (AP) — U.S. retailer Walmart is selling off 85% of its wholly owned Japanese supermarket subsidiary Seiyu, while retaining a 15% stake, in a deal valued at 172.5 billion ($1.6 billion), the companies said Mon…
Facebook, Twitter CEOs facing questions on election measures
WASHINGTON (AP) — A Senate panel has summoned the CEOs of Facebook and Twitter to defend their handling of disinformation in the 2020 election between President Donald Trump and Democrat Joe Biden. But the senators…
Saudi Aramco to issue bonds as it seeks cash amid oil slump
DUBAI, United Arab Emirates (AP) — Saudi Arabia's oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of dollars in dividends the company promise…