Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Restyle Design and Consign opens in Catalyst Center
MOSES LAKE — There’s no one style that defines Restyle Design and Consign, which held its ribbon-cutting May 4 at …
Swiss authority opens case against Credit Suisse over spying
GENEVA (AP) — Switzerland's financial market oversight body said Wednesday that it has opened “enforcement proceedings” against Credit Suisse in the wake of a spying scandal that has marred the image of the bank.
Federal budget deficit to hit record $3.3 trillion due to COVID-19 costs, recession
WASHINGTON (AP) — Federal budget deficit to hit record $3.3 trillion due to COVID-19 costs, recession.
High Court in London backs Virgin Atlantic's rescue plan
LONDON (AP) — Virgin Atlantic’s 1.2 billion-pound ($1.6 billion) restructuring plan was approved Wednesday by the High Court in London, allowing the international airline to continue rebuilding its operations after…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for October delivery fell $1.25 to $41.51 a barrel Wednesday. Brent crude oil for November delivery dropped $1.15 to $44.43 a barrel.
US officials: No new environmental study for nuclear lab
ALBUQUERQUE, N.M. (AP) — The National Nuclear Security Administration says it doesn’t need to do an additional environmental review for Los Alamos National Laboratory before it begins producing key components for t…
Asian stock markets follow Wall Street higher
Asian stock markets rose Thursday after Wall Street turned in its biggest daily gain since July despite uncertainty about the global outlook.
Asia Today: Beijing receiving 1st int'l flights since March
BEIJING (AP) — Beijing’s main international airport on Thursday began receiving international flights again from a limited number of countries considered at low risk of coronavirus infection.
Australia's economy takes sharpest dive since the 1930s
CANBERRA, Australia (AP) — Australia’s economy suffered its sharpest economic contraction since the Great Depression due to the pandemic, with data released Wednesday confirming the country is in its first recessio…
Emission abates from leaking natural gas well of Texas coast
CORPUS CHRISTI, Texas (AP) — The emission from a leaking natural gas well off the Texas coast could no longer be seen from shore by Wednesday and was down to about 5 percent of what it was the day before, officials…
Critics: Eviction ban may only delay wave of homelessness
BOSTON (AP) — Housing advocates say the Trump administration's surprise national moratorium on evictions only delays a wave of crushing debt and homelessness, and an attorney representing landlords questions whethe…
How major US stock indexes fared Wednesday
Wall Street extended its milestone-setting rally Wednesday as the Dow Jones Industrial Average climbed more than 450 points and the S&P 500 jumped to its biggest gain since July.
Business Highlights
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The Latest: LA declares fiscal emergency, 15K jobs at risk
LOS ANGELES -- The Los Angeles City Council has declared a fiscal emergency because of the coronavirus pandemic, paving the way to furlough about 15,000 employees.
India bans PUBG, 117 other Chinese apps amid border standoff
NEW DELHI (AP) — India on Wednesday banned the widely popular Chinese mobile game PlayerUnknown’s Battlegrounds, known by the acronym PUBG, along with 117 other mobile apps in another move targeting China.
Budget deficit to hit record $3.3T due to virus, recession
WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the fe…