Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Interest rates hold back home sales in the Basin, statewide
MOSES LAKE — High interest rates are slowing down sales in the Basin real estate market. The average monthly ra…
Forecast says US hotel occupancy may not recover until 2023
U.S. hotel demand likely won’t see a full recovery until 2023, according to a new forecast from travel data company STR and consultant Tourism Economics.
Pompeo, in Slovenia, pushes 5G security, warns about China
BLED, Slovenia (AP) — U.S. Secretary of State Mike Pompeo visited Slovenia on Thursday to make the case for high-speed wireless networks that bar Chinese companies like Huawei.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery fell 43 cents to settle at $42.24 a barrel Thursday. Brent crude oil for October delivery fell 47 cents to $44.96 a barrel.
Melting 'frozen memories,' AI helps Japanese recall war days
TOKYO (AP) — When Tokuso Hamai saw the colorized version of an old black-and-white photo of a picnic held under cherry tree blossoms sometime before World War II, forgotten memories of family members, most of whom …
Carlsberg sees growth in Asia as other markets decline
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg said Thursday its second quarter net profit dropped 7.3% to 2.9 billion kroner ($458 million) as all its markets were affected “to a greater or lesser extent” by t…
US long-term mortgage rates rise; 30-year at 2.96%
WASHINGTON (AP) — U.S. average rates on long-term mortgages rose this week but remained at historically low levels. The key 30-year loan stayed below 3%.
Malaysian economy shrinks 17% in worst contraction on record
KUALA LUMPUR, Malaysia (AP) — Malaysia has reported its economy contracted 17% in the last quarter in its worst downturn since the global financial crisis.
China factory output flat, retail sales slip in July
BEIJING (AP) — China's factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country's recovery from the coronavirus pandemic remains muted.
Attacks, pandemic a 'gut punch' for famed Chicago district
CHICAGO (AP) — Neil Mehra’s cigar shop just off Chicago's Michigan Avenue wouldn't normally share much in common with big brand-name stores such as Tiffany’s and Saks Fifth Avenue, whose boutiques sit on the choice…
TikTok and its employees prepare to fight Trump over app ban
TikTok and its U.S. employees are planning to take President Donald Trump's administration to court over his sweeping order to ban the popular video app, according to a lawyer preparing one of the lawsuits.
US says Iran briefly seizes oil tanker near Strait of Hormuz
DUBAI, United Arab Emirates (AP) — The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the U.S., the American mi…
Thai leader says unity necessary to revive virus-hit economy
BANGKOK (AP) — Thailand’s prime minister, facing growing demands from students for change, warned Thursday that the nation must pull together to overcome the economic damage caused by the coronavirus pandemic.
Asia Today: Australia outbreak slows, New Zealand cases grow
SYDNEY (AP) — The coronavirus outbreak centered in Australia's second-largest city showed a decline in new infections Thursday, though the state's leader urged continued vigilance.
Asian shares mixed, led by Tokyo gains, after Wall St rally
TOKYO (AP) — Asian shares were mostly higher on Thursday, cheered by the rally on Wall Street that's likely a boon for export-driven regional economies, even as investors worry about the coronanvirus pandemic.
PG&E tells regulators upcoming outages will go more smoothly
SAN RAMON, Calif. (AP) — Pacific Gas and Electric promised regulators Thursday that it has learned from its mishandling of deliberate blackouts and won’t disrupt as many people’s lives during the pandemic this year…