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…
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.
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.
The Latest: Paris hospitals at 92% capacity as cases surge
PARIS — In Paris, 84 people with the coronavirus died Wednesday in region hospitals, which are at 92% capacity.
ESPN announces 300 layoffs, citing 'disruption' amid virus
ESPN announced Thursday it is eliminating about 500 jobs worldwide, including about 300 through layoffs.
Wall Street rallies again as stocks ride post-election wave
Stocks are still riding Wall Street’s post-election wave Thursday, as markets bet on the continuation of several business-friendly policies, and the S&P 500 is rallying 2.2% toward its biggest weekly jump since Apr…
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.
AstraZeneca to deliver vaccine trial data by year's end
LONDON (AP) — AstraZeneca hopes to show its COVID-19 vaccine is effective by the end of this year and is ramping up manufacturing so it can supply hundreds of millions of doses in January, Chief Executive Pascal So…
Greece imposes lockdown to avoid worst at hospitals
ATHENS, Greece (AP) — With a surge in coronavirus cases straining health systems in many European countries, Greece announced a nationwide lockdown Thursday in the hopes of stemming a rising tide of patients before…
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.
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.
The Latest: Britain extends salary support for 5 months
LONDON -- The British government extended for five months a salary support program paying 80% of wages for those unemployed because of coronavirus restrictions.
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.
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.
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…