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…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose 35 cents to settle at $40.27 a barrel Friday. Brent crude oil for September delivery rose 37 cents to $43.31 a barrel.
The Latest: Italy's tally of new virus cases down to 239
MILAN — The number of new confirmed cases of the coronavirus in Italy nudged lower to 239 in the last 24 hours, while all eight deaths were recorded in Lombardy, the epicenter of the country's epidemic.
The Latest: China's Xinjiang region has 28 new cases
BEIJING — Numbers of new COVID-19 cases in China’s far northwestern region of Xinjiang are continuing to fall, with 28 reported on Monday. China reported 43 new cases nationwide, seven of the imported and eight in…
Nokia profit up despite pandemic as new CEO takes over
HELSINKI (AP) — Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in reven…
The Latest: SKorea holds leader of church with virus cluster
SEOUL, South Korea — South Korean prosecutors have arrested the elderly leader of a secretive religious sect as part of an investigation into allegations the church hampered the government’s anti-corfonavirus respo…
Fitch lowers its outlook on US credit rating to 'negative'
WASHINGTON (AP) — Fitch has lowered the outlook for its U.S. government credit rating to “negative” from “stable” due to soaring budget deficits, but the agency is keeping its overall rating at the highest AAA leve…
The Latest: Philippine capital going back under lockdown
MANILA, Philippines — President Rodrigo Duterte is reimposing a moderate lockdown in the Philippine capital and outlying provinces after medical groups appealed for the move as coronavirus infections surge alarming…
Annual Sturgis rally expecting 250K, stirring virus concerns
SIOUX FALLS, S.D. (AP) — Sturgis is on. The message has been broadcast across social media as South Dakota, which has seen an uptick in coronavirus infections in recent weeks, braces to host hundreds of thousands o…
Plug it in: Electric car charging station numbers are rising
DETROIT (AP) — When the electric car revolution arrives, will there be enough places to plug in?
Ransomware feared as possible saboteur for November election
WASHINGTON (AP) — Federal authorities say one of the gravest threats to the November election is a well-timed ransomware attack that could paralyze voting operations. The threat isn't just from foreign governments,…
HSBC says net profit plunged 96% in 2Q as pandemic took hold
LONDON (AP) — Europe’s biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool ho…
Airlines, unions pin hopes for more payroll cash on politics
With tens of thousands of airline workers facing layoffs this fall, labor groups are pushing Congress for more federal money to keep them on the payroll until next spring.
States eager to expand broadband, wary of CARES Act deadline
Fearful of losing federal pandemic dollars, officials from states across the country are rushing to finish projects by the end of the year aimed at expanding broadband internet into underserved areas.
Oil giants lost billions as pandemic crushed demand for fuel
NEW YORK (AP) — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminishe…
Trader Joe's says no to changing ethnic-sounding label names
LOS ANGELES (AP) — Trader Joe's, which said earlier this month it was moving to change the names of some of its products after an online petition denounced them as racist, now says it will stick with labels like Tr…