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…
UN urges SE Asia to build back better from COVID-19 crisis
BANGKOK (AP) — The United Nations advised Southeast Asian nations to tackle inequality and green their economies to build a more resilient and inclusive future as they strive to recover from the COVID-19 pandemic.
Shell profits plunge 82% as pandemic hits energy demand
LONDON (AP) — Royal Dutch Shell said Thursday that its second-quarter earnings plunged 82% as the COVID-19 pandemic slashed energy prices and demand.
Cratering economy offsets Wall St. gains in 2020 campaign
LOS ANGELES (AP) — President Donald Trump has often cited the stock market's gains as a barometer for his administration's success. And if history is a guide, Wall Street's fortunes in the next few months could sig…
Ford's results not as grim as expected for virus-marred 2Q
DETROIT (AP) — Ford Motor Co. posted results on Thursday that were not as grim as expected for its second quarter that saw its U.S. factories shuttered for half the period to combat the spread of the coronavirus an…
Airbus plane deliveries halved as airlines scrounge for cash
PARIS (AP) — European plane maker Airbus saw its deliveries halve during the first six months of the year as travel collapsed during the pandemic and airlines scrounged for cash.
Dunkin' to close 800 US stores as pandemic hurts sales
CANTON, Mass. (AP) — Dunkin’ Brands Inc. expects to close up to 800 underperforming U.S. stores this year as it tries to shore up its portfolio in the wake of the coronavirus pandemic.
US average mortgage rates decline; 30-year loan at 2.99%
WASHINGTON (AP) — U.S. average rates on long-term mortgages declined this week, remaining near historic lows as the key 30-year loan slipped back below 3%.
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, …
Pandemic whacks Google ad sales, causing parent Alphabet to report first quarterly revenue decline in company history
MOUNTAIN VIEW, Calif. (AP) — Pandemic whacks Google ad sales, causing parent Alphabet to report first quarterly revenue decline in company history.
Asian benchmarks tumble, looking to earnings, central banks
TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on…
How major US stock indexes fared Thursday
Most of Wall Street stumbled Thursday, but yet another rise for big technology stocks helped keep the market’s losses in check.
France sinks deeper into recession, with 14% GDP hit in 2Q
PARIS (AP) — France's economy shrank by nearly 14% in the second quarter when the country was in coronavirus lockdown, a third consecutive quarter of negative growth in a worsening recession, the national statistic…
Cyprus: Putin 'to help ease' gas search tensions with Turkey
NICOSIA, Cyprus (AP) — Russian President Vladimir Putin has promised to intercede with Turkey's leader to try to ease rising tensions over oil and gas exploration in eastern Mediterranean waters that Cyprus claims …
First-ever EU cyber sanctions hit Russian, Chinese, NKoreans
BRUSSELS (AP) — The European Union on Thursday imposed its first-ever sanctions over cyberattacks, slapping them on alleged Russian military agents, Chinese cyber spies and organizations including a North Korean fi…
2 American oil execs jailed in Venezuela put on home arrest
CARACAS, Venezuela (AP) — Two American oil executives jailed in Venezuela have been released and granted house arrest in the South American nation, former New Mexico Gov. Bill Richardson said late Thursday.