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…
Turkish ship starts energy search amid standoff with Greece
ANKARA, Turkey (AP) — A Turkish seismic research vessel has begun surveying for energy resources in contested areas of the eastern Mediterranean, Turkey’s energy minister said Wednesday, amid an escalation of tensi…
The Latest: Azar says vaccine is not a race, doubts Russia
TAIPEI, Taiwan — U.S. Health Secretary Alex Azar says the push to develop a COVID-19 vaccine is “not a race to be first.”
The Latest: Germany worries as new daily cases hit 1,226
BERLIN — Germany’s heath minister expressed concern about the rising numbers of coronavirus infections in the country and called on his compatriots to adhere to social distancing and hygiene rules.
Facebook: Pandemic hurt enforcement on suicide, child nudity
OAKLAND, Calif. (AP) — Looks like the machines aren't ready to take over just yet.
China auto sales rise in July, as market regains momentum
BEIJING (AP) — China’s auto sales rose by 16.4% in July over a year earlier to 2.1 million units in a sign of sustained recovery for the industry’s biggest global market, an industry group said Tuesday.
Companies test antibody drugs to treat, prevent COVID-19
With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the immune system to …
German authorities conduct raids in money laundering probe
BERLIN (AP) — German authorities raided an import-export company and the home of a businessman in the state of Brandenburg on Tuesday on suspicion he was involved in a scheme to launder millions of euros (dollars) …
Virus surge makes US weak link in global economic recovery
FRANKFURT, Germany (AP) — People in China are back to buying German luxury cars. Europe's assembly lines are accelerating. Now the global economy is waiting for the United States to get its coronavirus outbreak und…
Egg producer gouged prices when pandemic hit, lawsuit says
NEW YORK (AP) — One of the country’s largest egg producers illegally inflated prices when the pandemic hit New York, taking in $4 million as it charged up to four times more per carton, state Attorney General Letit…
How major US stock indexes fared Monday
Stocks closed mostly higher on Wall Street Monday, nudging the S&P 500 within striking distance of its all-time high set in February.
The Latest: Confirmed coronavirus cases reach 20 million
PROVIDENCE, R.I. — The confirmed number of coronavirus cases in the world has reached 20 million. That’s according to the tally kept by Johns Hopkins University.
In Europe, Pompeo warns of China, Russia authoritarianism
PILSEN, Czech Republic (AP) — U.S. Secretary of State Mike Pompeo warned on Tuesday of a rise in authoritarianism led by Russia, China and Iran that threatens freedoms around the world.
Foot Locker, MGM rise; Reata, Kodak fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Monday:
Appeals court tosses antitrust ruling against Qualcomm
SAN FRANCISCO (AP) — A federal appeals court has overturned an antitrust ruling against Qualcomm, dismissing arguments that it unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufa…
US producer prices shot up an unexpected 0.6% in July
WASHINGTON (AP) — US producer prices shot up an unexpected 0.6% in July.