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…
States strain to carry out Trump order on unemployment aid
RICHMOND, Virginia (AP) — Governors and state labor department officials were scrambling Monday to determine whether they could implement President Donald Trump’s executive order to partially extend unemployment as…
How major US stock indexes fared Tuesday
A late slide in big technology companies left indexes broadly lower on Wall Street Tuesday, erasing an early gain and breaking a seven-day winning streak for the S&P 500.
Marriott recovering in China, Royal Caribbean posts loss
On land and sea, the travel industry is hurting but holding out hope for a recovery.
The Latest: Most of Singapore foreign labor cleared of COVID
SINGAPORE — Singapore’s government says most foreign workers can now resume work as their dormitories have been cleared of COVID-19 after months of lockdown and virus testing.
Hong Kong residents defend free press as China cracks down
HONG KONG (AP) — Last year, hundreds of thousands of people took to the streets of Hong Kong to demand full democracy, many egged on by a tabloid newspaper critical of China's ruling Communist Party.
Bumpy road ahead: UK bracing for big spike in unemployment
LONDON (AP) — The U.K. has kept a lid on its unemployment rate so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends that will likely see the jobless total soaring by th…
Japan tech giant SoftBank's profits rise on investments
TOKYO (AP) — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S. c…
Android phones to track quakes; California gets alert system
SACRAMENTO, Calif. (AP) — Android phones will be used to sense earthquakes around the world and may one day be able to provide global warnings, with the first mass alert system unveiled Tuesday in California, Googl…
Air traffic is down, gun seizures up at US airports
DALLAS (AP) — With air traffic nearing a five-month high, airport security is finding guns in passenger carry-on bags at three times the rate recorded before the pandemic.
UK court says face recognition violates human rights
LONDON (AP) — The use of facial recognition technology by British police has violated human rights and data protection laws, a court said Tuesday, in a decision praised as a victory against invasive practices by th…
New Zealand scrambles to find source of new virus infections
WELLINGTON, New Zealand (AP) — Health authorities in New Zealand were scrambling Wednesday to trace the source of a new outbreak of the coronavirus as the nation's largest city went back into lockdown.
Business Highlights
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California judge rules Uber, Lyft drivers are employees
SACRAMENTO, Calif. (AP) — A judge on Monday ordered ride-hailing giants Uber and Lyft to treat their California drivers as employees instead of independent contractors, a shift that would guarantee benefits like ov…
Rising star in Detroit departs suddenly for Silicon Valley
SILVER SPRING, Md. (AP) — The chief financial officer at General Motors, Dhivya Suryadevara, is trading Detroit for Silicon Valley in a surprise departure to join Jack Dorsey's startup, Stripe.
Shares mostly lower in Asia after retreat on Wall Street
Shares were mostly lower in Asia on Wednesday after Wall Street pumped the brakes on its recent rally.