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.
EU cuts 2021 economic outlook as virus spreads
BRUSSELS (AP) — As COVID-19 cases keep rising, the European Union's executive commission lowered its forecast for the economic rebound from the coronavirus pandemic next year and said the economy wouldn’t reach pre…
US productivity increases 4.9% in third quarter
WASHINGTON (AP) — U.S. productivity increased between July and September, but at a slower pace than in the previous quarter.
Pope moves against secretariat of state amid finance scandal
ROME (AP) — Pope Francis is giving the Vatican secretariat of state three months to transfer all of its financial holdings to another Vatican office following its bungled management of hundreds of millions of euros…
Homebuyers’ down payments rise as US home prices climb
LOS ANGELES (AP) — Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment.
751,000 Americans seek jobless aid as layoffs remain elevated amid resurgence of virus
WASHINGTON (AP) — 751,000 Americans seek jobless aid as layoffs remain elevated amid resurgence of virus.
US hiring likely slowed for a 4th month as virus resurges
WASHINGTON (AP) — U.S. employers may have slowed their hiring in October for a fourth straight month with confirmed viral cases reaching record levels and the loss of government aid deepening the hardships for many…
The Latest: China bans foreigners from 8 virus-hit countries
BEIJING — China has temporarily banned the entry of foreigners from at least eight countries as COVID-19 cases rise in Europe and elsewhere.
Virgin Galactic plans 1st New Mexico space launch this month
LOS ANGELES (AP) — Virgin Galactic said Thursday that it expects to launch its first manned test flight into space from New Mexico this month.
DOJ sues to block Visa's $5.3 billion purchase of Plaid Inc.
CHARLOTTE, N.C. (AP) — The Department of Justice sued payment processing giant Visa Inc. on Thursday to block the company's purchase of financial technology startup Plaid, calling it a monopolistic takeover of a po…
Danish farmers lament decision to cull all Denmark's minks
COPENHAGEN, Denmark (AP) — Danish fur farmers say they've been dealt a major blow after the world’s largest mink fur exporter decided to cull all 15 million minks in Denmark's farms, to minimize the risk of them re…
Japan's Toyota sees profit slip, holding up despite pandemic
TOKYO (AP) — Toyota’s July-September profit fell 11% from a year earlier as the coronavirus pandemic slammed global demand, but Japan’s top automaker appeared to be holding up better than weaker rivals that have su…
US hiring likely slowed for a 4th month as virus resurges
WASHINGTON (AP) — U.S. employers may have slowed their hiring in October for a fourth straight month with confirmed viral cases reaching record levels and the loss of government aid deepening the hardships for many…
Asian stocks mixed after Wall Street election gains
BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street rose amid protracted vote-counting following this week's U.S. elections.
The Latest: Australia court upholds state's border closure
CANBERRA, Australia — Australia’s highest court on Friday upheld a state’s border closure and dismissed billionaire businessman Clive Palmer’s argument that the pandemic measure was unconstitutional.
Facebook bans big 'Stop the Steal' group for sowing violence
OAKLAND, Calif. (AP) — Facebook on Thursday banned a large group called “Stop the Steal” that supporters of President Donald Trump were using to organize protests against the presidential vote count. Some members h…