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…
How major US stock indexes fared Friday
Big Tech continues to steamroll through the pandemic, and strong gains for some of the market’s most influential companies on Friday helped Wall Street close out its fourth straight winning month.
Twitter permanently bans former KKK leader David Duke
Former Ku Klux Klan leader David Duke has been banned from Twitter for breaking the social media platform's site’s rules forbidding hate speech.
Trump, GOP soften on opposition to $600 jobless benefit
WASHINGTON (AP) — The White House and its GOP allies appear to be retreating from their opposition to a $600-per-week supplemental unemployment benefit that has propped up the economy and family budgets but is expi…
Spirit Airlines warns of layoffs, ExpressJet's fate in doubt
Spirit Airlines has warned up to 30% of its employees that they will lose their jobs in October, and regional carrier ExpressJet's future is in doubt after losing a key contract as the virus pandemic continues to h…
Trump says he’ll act as soon as Saturday to ban Chinese-owned video app TikTok from US on security fears
ABOARD AIR FORCE ONE (AP) — Trump says he’ll act as soon as Saturday to ban Chinese-owned video app TikTok from US on security fears.
Trump offers, Democrats reject fix for $600 jobless benefit
WASHINGTON (AP) — With aid expiring, the White House offered a short-term extension Thursday of a $600 weekly unemployment benefit that has helped keep families and the economy afloat during the COVID-19 pandemic, …
Fiat Chrysler muscles through, green shoots in North America
DETROIT (AP) — Fiat Chrysler overcame coronavirus-related factory shutdowns to post losses that were not as bad as feared, and the company predicted improving conditions for the remainder of 2020.
Amazon closer to launching satellites, upping internet reach
NEW YORK (AP) — Amazon.com is one step closer to space.
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.
Merck ups outlook, turns profit during global vaccine hunt
FAIRLESS HILLS, PA (AP) — Surging sales of its cancer medicines and reduced spending across the board helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter.
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…
Caterpillar sales weaken but 2Q results top Street
Caterpillar's sales tumbled 31% in the second quarter as dealers culled construction equipment from showrooms during the pandemic.
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…
US consumer spending up 5.6%, but virus could stall gains
WASHINGTON (AP) — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy. But th…
British Airways owner books loss as pandemic stalls travel
LONDON (AP) — The parent company of British Airways reeled to a loss of 3.8 billion euros ($4.5 billion) in the first six months of the year as travel restrictions from the COVID-19 pandemic ate into the bottom lin…