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…
Mexico's central bank lowers prime rate to 4.5%
MEXICO CITY (AP) — Mexico’s central bank decided Thursday to lower its prime interest rate by a half-point to 4.5% amid a sharp economic downturn and rising inflation due to the coronavirus pandemic.
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.
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.
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…
$205M in BP spill money for Louisiana coastal restoration
BATON ROUGE, La. (AP) — Louisiana is getting another $205 million in BP oil spill money to restore its coast.
American considering cutting flights to many smaller cities
DALLAS (AP) — American Airlines is planning to drop flights to up to 30 smaller U.S. cities if a federal requirement to continue those flights expires at the end of next month, an airline executive familiar with th…
S&P 500 briefly rises above record close as stocks drift
NEW YORK (AP) — Wall Street is drifting between small gains and losses on Thursday, after the S&P 500 briefly crossed above its record closing level.
Daimler reaches deal to settle US diesel emissions claims
BERLIN (AP) — Daimler AG, the maker of Mercedes-Benz cars, says it has reached an agreement in principle to settle U.S. claims over emissions from its diesel vehicles for over $2.2 billion.
Prosecutors: Man sought to have his child porn victim killed
CAMDEN, N.J. (AP) — A New Jersey man who sought and exchanged sexually explicit videos and images with a 13-year-old New York girl paid $20,000 in bitcoin in a bid to have the child victim murdered before eventuall…
Michigan plans dedicated road lanes for autonomous vehicles
LANSING, Mich. (AP) — The state of Michigan and some private partners are taking steps toward building or assigning dedicated lanes for automated vehicles on a 40-mile (65-kilometer) stretch of highway between Detr…
The Latest: Man dies of virus in federal custody in Georgia
LUMPKIN, Ga. — A Costa Rican man in federal immigration custody has become the second detainee in Georgia to die from COVID-19 complications.
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%.
US seizes digital currency accounts used by militant groups
WASHINGTON (AP) — The
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.
The Latest: E. Carolina University police shut down parties
GREENVILLE, N.C. — East Carolina University police say about 20 parties, including one with nearly 400 people in attendance, were shut down during the school’s opening weekend.