Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
The Way Cafe opens in Moses Lake
MOSES LAKE — It had only been open about an hour and a half, but already The Way Cafe was bustling Tuesday morning.
Alibaba revenue up 30% as virus drives demand for e-commerce
HONG KONG (AP) — China’s biggest e-commerce firm Alibaba Group Holding on Thursday reported a 30% jump in quarterly revenue, as China recovers from the virus and online shopping demand remains high.
How major US stock indexes fared Thursday
Stocks closed solidly higher Thursday, adding to the market's gains this week as Wall Street's post-election wave of buying continued.
North Denmark in lockdown over mutated virus in mink farms
COPENHAGEN, Denmark (AP) — More than a quarter million Danes went into lockdown Friday in a northern region of the country where a mutated variation of the coronavirus has infected minks being farmed for their fur,…
Electronic Arts, Global Blood fall; Roku, T-Mobile rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday:
Correction: Earns-Radian story
PHILADELPHIA (AP) — In a story Wednesday about Radian Group Inc.’s quarterly results — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously that the …
Turkey replaces central bank head as lira sees record lows
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a period of high inflation and record lows for the lira.
Demolition starts on big ship stranded 14 months off Georgia
SAVANNAH, Ga. (AP) — Using a heavy anchor chain like a saw, a towering crane Friday began cutting apart a cargo ship that's been stranded on the Georgia coast since it overturned nearly 14 months ago.
Qualcomm, Upwork rise; Hanesbrands, Incyte fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday:
Pandemic puts Indonesia into recession; 1st time in 20 years
JAKARTA, Indonesia (AP) — Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the country struggles to control the coronavirus pandemic.
Stocks close a blistering week, even as uncertainty lingers
NEW YORK (AP) — Wall Street took a breather Friday after a blistering rally that gave the market its biggest weekly gain since April and indicated investors see plenty of benefits from more gridlock in Washington.
Hiring held last month but signs of caution as virus worsens
WASHINGTON (AP) — Defying fears of another slowdown, U.S. businesses kept hiring at a solid pace in October, yet there are signs they remain cautious about the economy's future as the pandemic worsens.
Marriott bounces back as activity in China surges
Marriott is reporting dramatic improvements in the third quarter as travel demand rebounded in China.
Plans for LNG terminal at German port being reconsidered
BERLIN (AP) — A German company said Friday it is re-evaluating plans for a liquefied natural gas terminal in the North Sea port of Wilhelmshaven after failing to receive sufficient commitments from potential custom…
Unemployment drops to 6.9% but US job growth slows again to 638,000 in face of surging pandemic
WASHINGTON (AP) — Unemployment drops to 6.9% but US job growth slows again to 638,000 in face of surging pandemic.
US consumer borrowing up $16.2 billion in September
WASHINGTON (AP) — U.S. consumers increased their borrowing in September, helped by the first gain in the category that covers credit cards in seven months.