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…
ComEd pleads not guilty in alleged influence-peddling scheme
CHICAGO (AP) — Energy utility ComEd pleaded not guilty to bribery at an arraignment Wednesday despite previously admitting wrongdoing in an influence-peddling scheme that also threatens to ensnare Illinois’ most po…
Virus aid: Where things stand in high-level Washington talks
WASHINGTON (AP) — After more than a week’s worth of meetings, at least some clarity is emerging in the bipartisan Washington talks on a huge COVID-19 response bill.
NYTimes wins new digital subscribers as ad revenue craters
The New York Times Co.'s digital transformation continued during the second quarter, with its online subscription and ad revenue now exceeding its print revenue, even as the economic aftershocks of the coronavirus …
US cruises are off through October after infections overseas
With new coronavirus clusters sprouting aboard ships overseas, the U.S. cruise industry is extending its suspension of operations through October.
The Latest: Spain's virus cases rise since easing lockdown
MADRID — The number of new daily coronavirus infections in Spain continues increased to 1,772 cases on Wednesday.
Virginia first to roll out pandemic app from Apple, Google
RICHMOND, Va. (AP) — Virginia has rolled out a smartphone app to automatically notify people if they might have been exposed to the coronavirus, becoming the first U.S. state to use new pandemic technology created …
Samsung's new phones test consumer demand for pricey gadgets
Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression.
Inside Big Tech: Pulling back the curtain with 'hot' email
WASHINGTON (AP) — The House Judiciary chairman was closing in on his Perry Mason moment with Facebook CEO Mark Zuckerberg. Fortified with “hot” internal company documents, Rep. Jerrold Nadler was building his case …
Hotels criticized for taking virus money face investigation
DALLAS (AP) — A group of hotels that took, and later returned, tens of millions of dollars in federal virus-bailout money are under investigation by securities regulators for transactions between companies in the g…
Facebook launches a new TikTok clone, Instagram Reels
NEW YORK (AP) — Facebook's Instagram is launching its answer to the hit short video app TikTok —
Services sector index increases to 17-month high in July
WASHINGTON (AP) — Activity in the services sector, where most Americans work, hit a 17-month high in July but economists fear that may be unsustainable because of the failure in the U.S. to contain COVID-19 infecti…
How to get started if you’ve never had a bank account
Managing your money without a bank account is doable. But it can pose challenges — and the COVID-19 pandemic has only added more.
Services sector index increases to 58.1 reading in July
WASHINGTON (AP) — Activity in the services sector, where most Americans work, increased in July but concerns remain about whether the recovery will persist with the recent rise in coronavirus cases.
Wall Street opens higher, following gains in overseas stocks
NEW YORK (AP) — Stocks are opening solidly higher on Wall Street, following up on gains in overseas markets. The S&P 500 climbed another 0.5% in early trading Wednesday. Treasury yields and small-company stocks ros…
Treasury ramps up auctions as borrowing, virus surges
WASHINGTON (AP) — The Treasury Department will ramp up the size of the bonds and other securities it auctions across-the-board in the face of the unprecedented borrowing needs of the the U.S. government as cases of…