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…
Business Highlights
Walmart to spread out deals to avoid Black Friday crowds
How major US stock indexes fared Tuesday
Stocks closed lower Tuesday on Wall Street, snapping a four-day winning streak.
Asia Today: China city says it's tested 3 million for virus
BEIJING (AP) — Authorities in the eastern Chinese port city of Qingdao said Tuesday that they have completed coronavirus tests on more than 3 million people following the country’s first reported local outbreak in …
N. Korea's Kim visit typhoon-hit area, warns of 'defeatism'
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un visited a typhoon-ravaged rural town and lambasted government agencies for “defeatism,” state media reported Wednesday.
AP FACT CHECK: Trump falsifies Biden stance on fracking
WASHINGTON (AP) — President Donald Trump is persisting with the myth that Democratic rival Joe Biden proposes to ban fracking. Biden doesn't.
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…
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…
J&J beats 3Q net views, hikes 2020 forecast, but shares fall
Despite the coronavirus pandemic hurting sales of most of its products, Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due to a huge litigation charge in the year-ago quarte…
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.
China's vehicle sales pick up in September as market revives
BEIJING (AP) — China’s vehicle sales including trucks and buses accelerated in September as the industry’s biggest global market recovered from the coronavirus pandemic, an industry group reported Tuesday.
Delta posts $5.4 billion 3Q loss as pandemic hammers travel
The summer travel season was even worse than expected for Delta Air Lines, which said Tuesday that it lost $5.4 billion in the third quarter as people hunkered down at home during the pandemic.
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…
Cyprus cancels maligned 'golden passport' scheme
NICOSIA, Cyprus (AP) — Cyprus on Tuesday scrapped a lucrative program granting citizenship to wealthy investors amid new allegations that a top state official and a veteran lawmaker were implicated in attempts to b…
Dutch order bars, restaurants closed over pandemic fears
THE HAGUE, Netherlands (AP) — The Dutch government decided to close bars and restaurants as of Wednesday to counter the sustained surge in coronavirus cases across the nation.
Belarus opposition leader threatens nationwide strike
VILNIUS, Lithuania (AP) — The top opposition challenger in the Belarusian presidential election threatened Tuesday to call a nationwide strike unless the country's authoritarian president announces his resignation,…