Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Port of Moses Lake to build electrical generation, transmission lines
MOSES LAKE — The Port of Moses Lake will start construction of electrical transmission lines between port property…
Wells Fargo CEO apologizes for comments about diversity
NEW YORK (AP) — Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made suggesting it is difficult to find qualified Black executives in the financial industry.
New SUV is next step in VW's post-scandal electric offensive
FRANKFURT, Germany (AP) — Volkswagen is unveiling a battery-powered sport-utility vehicle that is headed for global markets including the United States and China, as the company takes a major step forward in its ca…
MIT professor wins top AI award for cancer, drug research
CAMBRIDGE, Mass. (AP) — A Massachusetts Institute of Technology professor using computer science to detect cancer and discover new drugs has won a new $1 million award for artificial intelligence.
Wall Street opening higher led by big gain for Nike
New York (AP) — Stocks are rising on Wall Street Wednesday, adding to the day-earlier gains ahead of a second day of testimony by the Fed chairman. Nike rose more than 10% after it reported soaring online sales of …
Reports: Kuwait and the UAE in economic pain amid pandemic
DUBAI, United Arab Emirates (AP) — Two oil-rich Arab Gulf states suffered severe economic blows on Wednesday, as a major credit agency downgraded Kuwait for the first time and the United Arab Emirates acknowledged …
Global stocks pick up as investors watch data, Fed
World stocks mostly rose on Wednesday as investors digested new data showing Europe's economic recovery may be slowing and looked ahead to a testimony by the Federal Reserve's chairman.
Pilgrim's Pride CEO, indicted on price fixing counts, is out
GREELEY, Colo. (AP) — Pilgrim’s Pride has replaced its CEO as he prepares to face price fixing charges.
Is credit card relief little help? Check out debt management
As cardholders experience financial difficulties due to COVID-19, some credit card issuers are promoting their hardship programs.
China blasts US House bill, denies forced labor in Xinjiang
BEIJING (AP) — China on Tuesday lashed out at the passage of a bill by the U.S. House of Representatives that threatens sanctions over the alleged use of forced labor in China’s Xinjiang region, calling the accusat…
German Cabinet approves 2021 budget with high borrowing
Germany's Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe's biggest economy tries to lessen the fallout of the coronavirus crisis.
Edmunds: Why electric vehicle ranges vary from EPA estimate
You’ve probably heard the phrase “your mileage may vary” with regard to how your real-world fuel economy compares to the EPA estimate. The adage refers to gasoline-powered vehicles, but the same applies to electric…
Mars drops Uncle Ben's, reveals new name for rice brand
NEW YORK (AP) — The Uncle Ben's rice brand is getting a new name: Ben's Original.
Powell: Many small companies can borrow without Main Street
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that many mid-size U.S. businesses are now able to borrow from banks, suggesting that the need for a Fed lending program that was designed to serve struggl…
Asian shares take breather after Wall Street gains
Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook.
Watchdog: Millions in danger of missing virus relief payouts
WASHINGTON (AP) — Millions of Americans are in danger of missing coronavirus relief payments of up to $1,200 per individual because of incomplete government records, a government watchdog said in a report issued Mo…