Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Local experts eye AI to help develop the future
MOSES LAKE — AI technology has been developing quickly over the last few years with multiple avenues and questions…
JPMorgan, Citi profits improve amid signs of recovery
CHARLOTTE, N.C. (AP) — Two of the nation's biggest banks — JPMorgan Chase and Citigroup — said Tuesday that their profits improved markedly over the summer, as the U.S. economy tried to bounce back from the coronav…
NASA moon-landing tech hitches ride to space on Bezos rocket
CAPE CANAVERAL, Fla. (AP) — Jeff Bezos’ Blue Origin space company launched a New Shepard rocket for a seventh time from a remote corner of Texas on Tuesday, testing new lunar-landing technology for NASA that could …
World Trade Organization arbitrators say EU can sanction up to $4 billion in US goods over illegal support for Boeing
GENEVA (AP) — World Trade Organization arbitrators say EU can sanction up to $4 billion in US goods over illegal support for Boeing.
Wall Street drifts lower as earnings season gets underway
NEW YORK (AP) — Stocks are drifting lower in early trading on Wall Street Tuesday as earnings reporting season gets underway for big companies.
Consumer prices rise 0.2% in September, used vehicles spike
SILVER SPRING, Md. (AP) — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles.
Citi 3Q profit fall 34% but tops Wall Street expectations
CHARLOTTE, N.C. (AP) — Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division, as the pandemic continues to make it tough for millions of Americans and businesses to pa…
Swedish giant Ikea to buy back used furniture
STOCKHOLM (AP) — Flat-pack furnishings retailer Ikea said Tuesday that will offer to buy back thousands of pieces of used Ikea furniture in 27 countries, for resale, recycling or donation to community projects.
IMF envisions a sharp 4.4% drop in global growth for 2020
WASHINGTON (AP) — The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly…
Delta posts $5.38 billion 3Q loss as pandemic hammers travel
The summer travel season was even worse than expected for Delta Air Lines, which lost $5.38 billion in the third quarter as people hunkered down at home during the pandemic.
Uptick for retiree checks in 2021 amid coronavirus worries
WASHINGTON (AP) — Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about
Consumer prices rise 0.2% in September as vehicles spike
SILVER SPRING, Md. (AP) — U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles.
Johnson & Johnson beats 3Q profit views, hikes 2020 forecast
Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a $4 billion charge for litigation costs in the year-ago quarter. The health care giant blew past Wall Street expectati…
Philippine military says no risk from China-backed towers
MANILA, Philippines (AP) — The Philippine military chief said Tuesday there is virtually no risk that towers and communications equipment to be put up in military camps by a China-backed telecom firm can be used fo…
US investigates fire reports in Chevy Bolt electric vehicles
DETROIT (AP) — The U.S. government's road safety agency is investigating complaints that the Chevrolet Bolt electric vehicle can catch fire.
Germany, France call for UK concessions in EU-UK trade talks
BRUSSELS (AP) — Germany and France on Tuesday pressured the United Kingdom to make concessions in three key areas of Brexit trade negotiations — fishing rights, corporate governance and fair competition — or face a…