Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Dryer vent cleaning is important -- but often overlooked
MOSES LAKE — Not all the maintenance a house needs is visible. Sometimes a potential problem just goes unnoticed u…
US homes sales rise 2.4% in August
SILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak.
Feds: Fraudster blew $30K in Vegas with virus loan money
PROVIDENCE, R.I. (AP) — A convicted bank robber from Rhode Island fraudulently obtained $600,000 in forgivable federal business loans and spent $30,000 in Las Vegas before being caught, federal prosecutors said Tue…
The Latest: Hollywood unions announce pandemic agreement
LOS ANGELES — Hollywood’s unions have announced that they have reached an agreement on pandemic protocols with major studios that will allow the broad resumption of production of films and television after six mont…
As Europe faces 2nd wave of virus, tracing apps lack impact
LONDON (AP) — Mobile apps tracing new COVID-19 cases were touted as a key part of Europe’s plan to beat the coronavirus outbreak. Seven months into the pandemic, virus cases are
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for November delivery rose 33 cents to $39.93 a barrel Wednesday. Brent crude oil for November delivery rose 5 cents to $41.77 a barrel.
Swedish central bank sees key interest rate at 0 for years
STOCKHOLM (AP) — Sweden’s central bank on Tuesday kept its main interest rate at zero and said it expects it to remain “at this level in the coming years” due to the economic uncertainty created by the virus pandem…
Powell and Mnuchin voice optimism but back more economic aid
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recession with federa…
Business Highlights
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Mall titan Brookfield, Ralph Lauren both reducing workforce
NEW YORK (AP) — Brookfield Properties, one of the nation's largest mall operators, is cutting 20% of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of…
Feds threaten funds to NYC, Seattle and Portland over unrest
WASHINGTON (AP) — The Justice Department identified New York City, Portland, Oregon, and Seattle as three cities that could have federal funding slashed under a memorandum by President Donald Trump that sought to i…
Critic of Chinese leader sentenced to 18 years on graft charges
BEIJING (AP) — Critic of Chinese leader sentenced to 18 years on graft charges.
Facebook: Fake pages from China tried to disrupt US politics
How major US stock indexes fared Monday
Stocks closed broadly lower on Wall Street Monday as markets tumbled worldwide on worries about the pandemic’s economic pain.
German public-sector workers walk out to press pay demands
BERLIN (AP) — Public-service workers in Germany launched a campaign of short strikes on Tuesday to press their demand for a significant pay raise, with hospital and child care center employees and drainage workers …
Asia Today: India sees 83,000 new cases, but numbers falling
NEW DELHI (AP) — India reported more than 83,000 new coronavirus cases on Wednesday, showing some decline after reaching a record a week earlier.