Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
After lengthy discussion, Royal City food truck ordinance approved
ROYAL CITY — After more than a year of discussion, Royal City has a revised ordinance governing food trucks. “T…
Huawei, long resilient, suffers under tougher US pressure
BEIJING (AP) — For nearly a decade, Huawei kept worldwide sales growing as Washington told U.S. phone companies not to buy its network equipment and lobbied allies to reject China's first global tech brand as a sec…
The Latest: South Korea has 3rd day of 200-plus new cases
SEOUL, South Korea — South Korea has reported 288 new confirmed cases of the coronavirus — its third straight day of over 200 as health authorities scramble to slow an outbreak in the region around the capital.
Californians dodge another round of blackouts amid heat wave
LOS ANGELES (AP) — Californians dodged another round of rolling blackouts Wednesday thanks to conservation measures as the searing heat wave roasting the West once again strained the state's electrical grid, offici…
Qantas expects global travel won't resume until mid-2021
CANBERRA, Australia (AP) — Qantas Airways said Thursday the pandemic cost it 4 billion Australian dollars ($2.9 billion) in revenue in the last fiscal year and warned that international travel won't resume before m…
North Korea plans a rare ruling party congress in January to announce a new five-year plan to develop its economy
SEOUL, South Korea (AP) — North Korea plans a rare ruling party congress in January to announce a new five-year plan to develop its economy.
NKorea to unveil new economic plans in January party meeting
SEOUL, South Korea (AP) — North Korea will hold a rare ruling party congress in January where leader Kim Jong Un will announce a new five-year plan to develop the country’s dismal economy ravaged by U.S.-led sancti…
Old format, new problem: Biennial legislatures face COVID-19
CARSON CITY, Nev. (AP) — When the coronavirus pandemic hit, state legislators scrambled to authorize relief programs, review emergency protocols and rebalance their budgets amid plummeting revenue projections.
N.C. political donor gets 7 years in prison, Hayes probation
CHARLOTTE, N.C. (AP) — A major political donor convicted of attempting to bribe a North Carolina elected official to secure preferential regulatory treatment for his insurance business was sentenced Wednesday to mo…
The Latest: Georgia gov rejects panel's pandemic criticism
ATLANTA — Georgia’s governor is defending his administration’s handling of the coronavirus pandemic after a report from the White House coronavirus task force said Georgia led the nation last week in new cases per …
Q&A: California's new electricity-blackout challenge
BERKELEY, Calif. (AP) — As if the pandemic and economic recession weren't bad enough, millions of Californians now face recurring threats of abrupt blackouts during a heat wave in the nation's most populous state.
Airbnb files preliminary paperwork for public stock offering
Airbnb on Wednesday filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business.
Apple reaches $2 trillion market value as tech fortunes soar
BERKELEY, Calif. (AP) — Apple has become the first U.S. company to boast a market value of $2 trillion as technology continues to reshape a world where smartphones are like appendages and digital services are like …
How major US stock indexes fared Wednesday
Stocks closed broadly lower on Wall Street Wednesday, handing the S&P 500 a loss a day after it closed at a record high.
The Latest: Louisiana lawmakers, Edwards clash over election
BATON ROUGE, La. — Louisiana lawmakers are plowing ahead with a contested emergency plan to run the state’s fall elections during the pandemic despite Gov. John Bel Edwards’ intention to jettison the plan if it rea…
S&P 500 takes a step back after setting record; yields rise
NEW YORK (AP) — The S&P 500 pulled back from its newly set record on Wednesday after a meandering day of trading took a late turn lower.