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…
Facebook removes fake accounts linked to conservative group
Facebook has removed 276 accounts that used fake profiles to pose as right-leaning Americans and comment on news articles, often in favor of President Donald Trump, the company announced Thursday.
US hits all of Iran's financial sector with sanctions
WASHINGTON (AP) — The Trump administration has blacklisted virtually all of Iran’s financial sector, dealing another blow to an economy that is already reeling under U.S. sanctions. The move will deepen tensions wi…
Antibody drugs are no cure but seem promising for COVID-19
WASHINGTON (AP) — They’re not cures and it’s not likely that everyone will be able to get them as President Donald Trump has suggested. But experimental antibody drugs like the one Trump was given are among the mos…
Drive-thru dominates even as dine-in restrictions ease
Even with cities like New York relaxing rules for dining in, sales figures from chains like McDonalds and Domino’s Pizza on Thursday suggest that most people continue to favor keeping their distance.
The Latest: Missouri reports more than 1,500 virus cases
JEFFERSON CITY, Mo. -- Missouri reported an increase of more than 1,500 confirmed coronavirus cases.
US layoffs still high, but so is skepticism on jobless data
WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession.
Progress is the word in Brexit trade talks before summit
BRUSSELS (AP) — The European Union finally sees progress in trade talks with the United Kingdom, but insists a momentary change in mood between the oft-bickering sides is no guarantee that an agreement will be deli…
US long-term mortgage rates change little; 30-year at 2.87%
WASHINGTON (AP) — U.S. long-term mortgage rates changed little this week, flattening in recent weeks following a year-long decline amid economic anxiety in the recession set off by the coronavirus pandemic. Home lo…
Waymo removing backup drivers from its autonomous vehicles
NEW YORK (AP) — Waymo is allowing the general public to hitch a ride in its driverless autonomous vehicles in Phoenix, expanding a service it had been quietly offering to a select group of riders for the past year.
World Trade Organization to be led by a woman for first time
GENEVA (AP) — The World Trade Organization announced Thursday that South Korea’s trade minister and a Harvard-trained former Nigerian finance minister have qualified as the two finalists to become the next director…
England's big northern cities braced for more lockdown curbs
LONDON (AP) — The British government is mulling fresh restrictions on everyday life in England, potentially in the big northern cities such as Liverpool and Manchester, amid mounting fears that hospitals in coronav…
Sri Lanka closes key gov't offices as virus outbreak surges
COLOMBO, Sri Lanka (AP) — Authorities in Sri Lanka closed key government offices and further expanded a curfew Thursday to contain a surging coronavirus outbreak.
UK lawmakers warn Huawei 5G may need to be banned earlier
LONDON (AP) — A committee of British lawmakers is urging the government to consider banning Chinese technology giant Huawei from next-generation mobile phone networks two years earlier than planned.
Morgan Stanley still shopping, buys Eaton Vance for $7B
NEW YORK (AP) — Morgan Stanley will buy the investment management firm Eaton Vance in a deal valued at about $7 billion.
IBM to spin off $19B business to focus on cloud computing
ARMONK, N.Y. (AP) — IBM says it is breaking off a $19 billion chunk of its business to focus on cloud computing.