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…
1.4 million seek jobless aid as virus surges in South, West
WASHINGTON (AP) — More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy.
US economy shrank at a record-breaking 33% rate last quarter as virus shuttered businesses and triggered layoffs
WASHINGTON (AP) — US economy shrank at a record-breaking 33% rate last quarter as virus shuttered businesses and triggered layoffs.
Grubhub sees orders jump but swings to 2Q loss
Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling restaurants and protect drivers.
More than 1.4 million laid-off workers seek US jobless aid as layoffs remain elevated amid resurgence of virus
WASHINGTON (AP) — More than 1.4 million laid-off workers seek US jobless aid as layoffs remain elevated amid resurgence of virus.
France's Renault posts massive loss as trouble piles up
PARIS (AP) — French carmaker Renault reported a massive loss of 7.4 billion euros ($8.5 billion) in the first half of the year as the collapse in global auto sales due to the pandemic worsened troubles already brew…
Catalan separatists sue Spain’s ex-spy chief over phone hack
BARCELONA, Spain (AP) — Two Catalan separatist politicians filed a lawsuit Thursday against the former head of Spain’s intelligence agency and an Israeli technology company for allegedly trying to hack their cell p…
Record surge in daily shipping volumes for UPS in 2Q
The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc.
Global stocks sink after Fed virus warning, eyes on GDP data
BEIJING (AP) — Global markets and U.S. stock futures fell Thursday after the Federal Reserve warned the coronavirus pandemic might threaten the modest economic recovery and kept interest rates near zero.
After 99 days of success, virus returns to haunt Vietnam
HANOI, Vietnam (AP) — For 99 days, Vietnam seemed to have defeated the coronavirus. There wasn’t a single reported case of community transmission. Not a single death. A handful of cases were caught and isolated at …
Tyson Foods to increase virus testing in US meat plants
Tyson Foods says it plans to administer thousands of coronavirus tests per week at its U.S. facilities under an expanded effort to protect workers and keep plants running.
Pandemic hits Comcast 2Q; new Peacock service has 10M users
NEW YORK (AP) — The coronavirus pandemic took a toll on Comcast in the second quarter as movie theaters closed, theme parks shut down and advertisers cut back.
Ghosn gone, other Nissan former executive set to face trial
TOKYO (AP) — Former Nissan executive Greg Kelly, who was arrested in connection with the financial scandal of his ex-boss Carlos Ghosn, will soon face trial in a Tokyo court. Both cases had been in limbo after Ghos…
Lawmakers grill 4 Big Tech CEOs but don't land many blows
WASHINGTON (AP) — Congressional lawmakers finally got a chance to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that
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.
German economy shrank 10.1% in second quarter from previous quarter amid coronavirus shutdowns
FRANKFURT, Germany (AP) — German economy shrank 10.1% in second quarter from previous quarter amid coronavirus shutdowns.