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…
Federal Reserve extends ban on big bank dividends, buybacks
NEW YORK (AP) — The Federal Reserve is extending until the end of the year its restrictions on large banks and financial services companies paying out dividends and buying back stock.
Wall Street rallies to close out strong, but wild quarter
NEW YORK (AP) — U.S. stocks rallied on Wednesday, but only after zooming up, down and back up again in a fitting end to what was a wild month and quarter for Wall Street.
Judge approves $800M payout plan for Vegas shooting victims
LAS VEGAS (AP) — A court on Wednesday approved a total of $800 million in payouts from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shoot…
Moderna, Synnex rise; Micron, Enerpac Tool Group fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday:
Ex-UAW president pleads guilty in embezzlement scheme
DETROIT (AP) — The former president of the United Auto Workers pleaded guilty Wednesday to an embezzlement scheme, saying he suspected that union dues were being used for golf, lodging and fancy meals but “delibera…
The Latest: Studies: Immune system clue to virus reactions
NEW YORK — One of COVID-19′s scariest mysteries is why some people are mildly ill or have no symptoms and others rapidly die — and scientists are starting to unravel why.
4th person killed in devastating California wildfire
SAN FRANCISCO (AP) — Flames devoured swaths of brush and trees in Northern California on Wednesday amid unseasonably hot and dry weather. Officials said wind-whipped flames led two firefighters to deploy the emerge…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for November delivery rose 93 cents to $40.22 a barrel Wednesday. Brent crude oil for November delivery fell 8 cents to $40.95 a barrel.
Court upholds decision to prevent Wyoming coal merger
GILLETTE, Wyo. (AP) — A federal court said it would uphold a Federal Trade Commission decision to block a proposed merger between two leading Wyoming coal companies.
Judge tosses case against CEO over plant fire during Harvey
HOUSTON (AP) — The case against the CEO of a chemical manufacturer on trial over a toxic fire at the company’s suburban Houston plant during Hurricane Harvey in 2017 ended Wednesday after the judge concluded that p…
The Latest: Britain renews sweeping powers to curb virus
LONDON — British lawmakers have renewed the government’s sweeping powers to impose emergency restrictions to curb the coronavirus pandemic, although many legislators criticized the way Prime Minister Boris Johnson’…
Assange bugged while at Ecuadorian Embassy, UK court told
LONDON (AP) — Julian Assange's conversations in the latter part of his 7-year stay at the Ecuadorian Embassy in London were systematically bugged, even in the toilet, a London court heard Wednesday.
Grits maker Geechie Boy Mill changes its name amid backlash
Geechie Boy Mill, a South Carolina maker of heirloom grits and other products, is changing its name to Marsh Hen Mill after critics charged it with appropriating Black culture.
Hot, dry conditions stoke devastating California wildfires
SAN FRANCISCO (AP) — Flames devoured swaths of brush and trees in Northern California on Wednesday amid unseasonably hot and dry weather and officials said wind-whipped flames led two firefighters to deploy the eme…
31.4% spring slide for a US economy likely to shrink in 2020
WASHINGTON (AP) — The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the U.S. economy will likely shrink this year, the first time…