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.
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.
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.
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…
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%.
Wall Street slips, but relentless rise for tech pares losses
NEW YORK (AP) — Most of Wall Street is pulling lower on Thursday, but the indefatigable rise for big tech stocks is helping the market trim its losses.
The Latest: Jakarta extends virus restrictions to mid-August
JAKARTA, Indonesia — Jakarta Governor Anies Baswedan says the government will extend the large-scale social restrictions in Indonesia’s capital until Aug. 13.
AstraZeneca: won't profit from COVID-19 vaccine in pandemic
LONDON (AP) — Pharmaceutical company AstraZeneca repeated its promise not to profit from a COVID-19 vaccine during the pandemic as it reported it was on track with late-stage trials for the treatment.
Stakes rise for virus talks as jobless aid lapses, GDP drops
WASHINGTON (AP) — Frustrated negotiators of a massive coronavirus relief bill face heightened pressure with Thursday's brutal economic news and the rapidly approaching lapse in a $600 per-week expanded jobless bene…
Government revisions show slightly slower 2019 GDP growth
WASHINGTON (AP) — The government says the U.S economy grew a bit more slowly last year than it had previously estimated and slightly faster in 2018.
Record economic plunge, bleak jobs numbers reveal virus toll
WASHINGTON (AP) — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling busine…
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.
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 …
Huawei overtakes Samsung as top smartphone seller: report
LONDON (AP) — A technology research firm says Huawei has overtaken Samsung to become the world's biggest smartphone seller, as its home market in China emerged from the coronavirus pandemic better off than other ec…