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…
US average mortgage rates fall; 30-year loan at 2.88%
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week, pushing the key 30-year loan to a record low for the eighth time this year.
New York attorney general sues to dissolve the NRA, saying its leaders exploited the company for personal gain
NEW YORK (AP) — New York attorney general sues to dissolve the NRA, saying its leaders exploited the company for personal gain.
Turkish currency hits all-time low amid market jitters
LONDON (AP) — Turkey’s currency dropped to an all-time low against the dollar on Thursday as the global recession created by the pandemic brings to the fore weaknesses in the country's economy.
Wall Street's rally stalls; indexes hold near record highs
NEW YORK (AP) — Stocks are drifting on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high.
Indexes open lower on Wall Street following 4 days of gains
NEW YORK (AP) — Stocks are off to a sluggish start on Wall Street as a four-day rally in the S&P 500 cools off. The benchmark index was down 0.2% in the early going on Thursday, a day after it came within 2% of the…
1.2 million laid-off workers seek US jobless aid as layoffs remain elevated amid resurgence of virus
WASHINGTON (AP) — 1.2 million laid-off workers seek US jobless aid as layoffs remain elevated amid resurgence of virus.
1.2 million seek jobless aid after $600 federal check ends
WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal …
Cabinet reshuffle in Thailand installs new economic team
BANGKOK (AP) — Thai Prime Minister Prayuth Chan-ocha has reshuffled his Cabinet, with an experienced banker taking over the post of finance minister.
Hilton sales plunge in second quarter with travel frozen
Hilton lost $432 million in the second quarter, and occupancy rates began to lift from dismal lows as hotels reopen and coronavirus restrictions were lifted around the world.
Bank of England says economy will take time to heal
LONDON (AP) — The Bank of England predicted Thursday that the economic downturn in the U.K. economy might be less severe than it thought at the start of the COVID-19 pandemic - even as it warned it would take a lon…
Siemens profit falls on COVID-19 issues, taxes
FRANKFURT, Germany (AP) — Siemens AG, maker of trains, power generation equipment and other heavy industrial goods, said Thursday that net profit fell by half due to higher taxes and losses at its Siemens Gamesa re…
Nintendo profit zooms as virus has homebodies playing games
TOKYO (AP) — Nintendo Co.'s profit multiplied more than sixfold in April-June as people stuck at home during the pandemic turned to playing video games.
The Latest: Germany requires tests for most non-EU arrivals
BERLIN — Germany’s health minister says authorities will require people arriving from a large number of countries deemed high-risk to take coronavirus tests starting on Saturday.
Surge in German factory orders bolsters hope for recovery
BERLIN (AP) — German factory orders surged in June, according to figures released Thursday, giving hope that Europe's largest economy is on track for a recovery from declines suffered from the coronavirus pandemic …
Lufhansa see revenues drop 80%, no full recovery until 2024
FRANKFURT, Germany (AP) — German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros ($1.77 billion) for the second quarter, when the pandemic essentially shut down passenger traffic, and …