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…
Bank profits slump 70% as virus rakes businesses, households
NEW YORK (AP) — The U.S. banking industry’s second-quarter profits fell by 70% from a year ago as low interest rates and the economic turmoil of the COVID-19 pandemic weighed heavily on big and small banks alike.
American Airlines plans 19,000 furloughs, layoffs in October
DALLAS (AP) — American Airlines said Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and layoffs, in October as it struggles with a sharp downturn in travel because of the pandemic.
China's FM visits Italy, in 1st foreign trip since pandemic
ROME (AP) — Italian Foreign Minister Luigi Di Maio said he emphasized during a meeting with his Chinese counterpart on Tuesday that Italy would be monitoring closely the implications of new Chinese security measure…
Best Buy's 2Q online sales surge but challenges remain
NEW YORK (AP) — Best Buy Co. reported that online sales more than tripled in the fiscal second quarter, as shoppers bought computers, tablets and large appliances to help them cook, work and learn from home during …
US consumer confidence falls in August to lowest in 6 years
WASHINGTON (AP) — U.S. consumer confidence fell for the second consecutive month, sinking to the lowest levels in more than six years as a resurgence of COVID-19 infections in many parts of the country heightened p…
July sales of new homes surge 13.9%, far more than thought
SILVER SPRING, Md. (AP) — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns.
Stocks drift as Wall Street hugs record highs; yields climb
NEW YORK (AP) — U.S. stocks are drifting close to their record heights Tuesday, as momentum slows on Wall Street.
US new homes sales rise a huge 13.9% in July
WASHINGTON (AP) — US new homes sales rise a huge 13.9% in July.
Sales of new homes rise 13.9% in July, far more than thought
SILVER SPRING, Md. (AP) — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns.
US consumer confidence falls for second straight month in August, to reading of 84.8
WASHINGTON (AP) — US consumer confidence falls for second straight month in August, to reading of 84.8.
S&P CoreLogic Case-Shiller: US home prices rise 3.5% in June
WASHINGTON (AP) — U.S. home prices rose at a slightly slower pace in June, but the U.S. housing market continued to show resilience in the face of the coronvavirus pandemic.
The Latest: Spanish PM offers military for contact tracing
MADRID — Spanish Prime Minister Pedro Sánchez has offered officials running the country’s 17 regions help from the military to conduct coronavirus contact tracing.
AP-NORC poll: Many in US shoring up finances amid downturn
WASHINGTON (AP) — It's the paradox of a pandemic that has crushed the U.S. economy: 12.9 million lost jobs and a dangerous rash of businesses closing, yet the personal finances of many Americans have remained stron…
Burger King operator in China fined over expired ingredients
BEIJING (AP) — The operator of six Burger King outlets in southern China that used expired ingredients has been required to pay more than $400,000 in a case publicized by state TV, a regulator announced Tuesday.
Facebook blocks group that discusses Thai monarchy
BANGKOK (AP) — Facebook has blocked in Thailand a group with more than a million members that engages in open discussion about the Thai monarchy, an institution that is staunchly protected from criticism by strict …