Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Dryer vent cleaning is important -- but often overlooked
MOSES LAKE — Not all the maintenance a house needs is visible. Sometimes a potential problem just goes unnoticed u…
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…
Telemedicine provider Teladoc to spend $18.5B on Livongo
One of the nation’s biggest telemedicine providers will spend more than $18 billion to stoke an approach to care that grew explosively during the pandemic and recently received an endorsement from President Donald …
Survey: US companies cut back sharply on hiring in July
WASHINGTON (AP) — U.S. businesses sharply reduced hiring last month, suggesting that resurgent COVID-19 infections slowed the economic recovery as many states closed parts of their economies again and consumers rem…
The Latest: Scottish city in lockdown after virus cluster
LONDON — Lockdown restrictions have been reimposed in the Scottish city of Aberdeen after a coronavirus “cluster” was reported.
US trade deficit drops in June on record rise in exports
WASHINGTON (AP) — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports.
CVS posts strong 2Q, with virus delaying elective procedures
CVS Health reported surprisingly strong second-quarter earnings as people postponed elective medical procedures during the COVID-19 pandemic, and it raised its profit expectations for the year.
Telemedicine provider Teledoc to spend $18.5B on Livongo
Teladoc will spend more than $18 billion to buy digital health platform operator Livongo in a deal aimed at stoking explosive growth in remote care spurred by the pandemic.
BMW reports loss for 2nd quarter but sees rebound in China
FRANKFURT, Germany (AP) — German automaker BMW lost 212 million euros ($250 million) in the second quarter as the coronavirus pandemic shutdowns cut vehicle sales by a quarter in the April-June period. The company …
Edmunds: With low interest rates, should you lease or buy?
One of COVID-19′s impacts has been the reduction in interest rates, including those for auto loans. In June 2020, the average interest rate for new auto loans decreased to 4.2%, down from 6.0% one year ago, accordi…