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…
Amid the pandemic, Big Tech reports mixed earnings
Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices.
China's manufacturing improves in July, exports strengthen
BEIJING (AP) — China’s manufacturing activity edged up in July and export orders strengthened despite weak U.S. and European demand, a survey showed Friday, in fresh signs the world’s second-largest economy is grad…
Volkswagen lost $1.8 billion in Q2 but sees profit for year
FRANKFURT, Germany (AP) — Carmaker Volkswagen recorded an after-tax loss of 1.54 billion euros ($1.81 billion) in the second quarter as the pandemic shut down auto plants and closed dealerships.
Saudis' Newcastle bid ends after piracy, human rights issues
Saudi Arabia’s sovereign wealth fund withdrew its bid to buy English Premier League club Newcastle on Thursday after the process was stalled by concerns about piracy by the kingdom and human rights complaints.
China celebrates completion of rival sat navigation system
BEIJING (AP) — China is celebrating the completion of its BeiDou Navigation Satellite System that could rival the U.S. Global Positioning System and significantly boost China’s security and geopolitical clout.
Asian stocks gain after Fed keep US interest rates low
BEIJING (AP) — Asian stocks advanced Thursday after the U.S. Federal Reserve left interest rates near zero to support a struggling economy.
The Latest: India reports another surge, lifts night curfew
NEW DELHI — A record surge of 55,079 new cases in the past 24 hours took India’s coronavirus caseload past 1.6 million, as the government decided to lift a nighttime curfew that has been in force since late March.
China's manufacturing improves in July, exports strengthen
BEIJING (AP) — China’s manufacturing activity edged up in July and export orders strengthened despite weak U.S. and European demand, a survey showed Friday, in fresh signs the world’s second-largest economy is grad…
The Latest: China toughens travel rules for Xinjiang capital
BEIJING — China is tightening travel restrictions in the capital of the Xinjiang region amid a COVID-19 outbreak in the northwestern city.
The Latest: Indian reservation in N.D. makes masks mandatory
FARGO, N.D. — Tribal leaders on the Spirit Lake Indian Reservation in northeastern North Dakota are requiring residents to wear masks to help slow the spread of the coronavirus.
The Latest: Most Ontario schools to resume normal classes
TORONTO — Most students in Canada’s most populous province will return to traditional classrooms full time in September amid the coronarivus pandemic.
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…
The Latest: Trump urges COVID-19 survivors to donate plasma
WASHINGTON — President Donald Trump on Thursday visited the headquarters of the American Red Cross’s to encourage survivors of COVID-19 to donate plasma.
Wall Street slides, but tech strength helps avert a big loss
NEW YORK (AP) — Most of Wall Street stumbled Thursday, but yet another rise for big technology stocks helped keep the market’s losses in check.
Ford posts surprise profit on autonomous vehicle unit gain
DETROIT (AP) — Ford Motor Co. on Thursday surprised Wall Street by posting a $1.12 billion second-quarter net profit due to gains on its stake in the Argo AI autonomous vehicle operation.