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…
Swedish PM self-isolates as nation passes grim threshold
COPENHAGEN, Denmark (AP) — Sweden's prime minister has gone into protective self-isolation after a person close to him came into contact with someone who tested positive for COVID-19, as Sweden experiences a fall s…
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.
Virus shutdowns in the rearview for US automakers, GM booms
DETROIT (AP) — General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months, after a short money-losing stretch as the spread of COVID-19 shut down all U.S. auto factories.
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 …
751,000 seek US jobless benefits as virus hobbles economy
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accele…
Nintendo's profit soars as pandemic has people playing games
TOKYO (AP) — Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported Thursday that its fiscal first half profit more than tripled as passed time while stuck at home during the pandemic p…
Qualcomm, Upwork rise; Hanesbrands, Incyte fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday:
Asia Today: Court upholds state border closings in Australia
CANBERRA, Australia (AP) — Australia’s highest court on Friday upheld the closure of a state’s border and dismissed billionaire businessman Clive Palmer’s argument that the pandemic measure was unconstitutional.
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.
Asia Today: India's virus cases jump on New Delhi resurgence
NEW DELHI (AP) — India’s coronavirus outbreak increased by more than 50,000 cases Thursday amid a resurgence of infections in the capital.
Business Highlights
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US long-term mortgage rates flat to lower; 30-year at 2.78%
WASHINGTON (AP) — U.S. long-term mortgage rates were flat to lower this week, as the key 30-year rate fell to a new all-time low for the 12th time this year.
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.
EU sets rules for US, UK and others to join defense projects
BRUSSELS (AP) — The European Union agreed Thursday on a set of rules for allowing non-member countries like the United States or Britain to take part in dozens of potentially lucrative defense projects.