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…
Boeing's struggles continue: No jetliner sales in September
Boeing failed to sell any airline planes last month and suffered more cancellations of a grounded jetliner, further evidence of the company's battle to overcome a drop in air travel during the pandemic and crashes …
McConnell slates October revote on GOP COVID relief plan
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell said Tuesday that he's scheduling a procedural vote on a GOP COVID-19 relief bill next week, pushing aid to hard-hit businesses in a smaller-bore approach to…
Holiday shopping gets early start with October Prime Day
NEW YORK (AP) — Halloween is still weeks away, but retailers are hoping you'll start your holiday shopping now.
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…