Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Farmworker wage complaints in WA caught in state agency backlog, report finds
Over half of farmworker wage complaints Washington’s Department of Labor and Industries received last year went un…
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…
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 …