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…
Fed sees dim economic outlook as virus squeezes economy
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring. As a result, h…
US energy use hit 30-year low during pandemic shutdowns
BILLINGS, Mont. (AP) — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported Wednes…
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Holocaust survivors urge Facebook to remove denial posts
BERLIN (AP) — Holocaust survivors around the world are lending their voices to a campaign launched Wednesday targeting Facebook head Mark Zuckerberg, urging him to take action to remove denial of the Nazi genocide …
Deutsche Bank reports 2nd-quarter profit despite loan losses
FRANKFURT, Germany (AP) — Deutsche bank reported a small net profit of 61 million euros ($71 million) in the second quarter as cost-cutting and revenue growth outweighed increased loan losses due to the virus outbr…
Insurer Anthem's 2Q profit swells, helped by drop in claims
INDIANAPOLIS (AP) — Anthem’s second-quarter profit doubled to nearly $2.3 billion, as a pandemic-induced drop in claims and a new business pushed the Blue Cross-Blue Shield insurer’s earnings past expectations.
Vietnam imposes more virus restrictions as outbreak spreads
HANOI, Vietnam (AP) — Vietnam imposed more coronavirus restrictions Thursday as an outbreak that started in a popular beach resort destination grew with nine new cases.
Turkey: Social media law's passage raises censorship worries
ISTANBUL (AP) — Turkey’s parliament approved a law early Wednesday that gives authorities greater power to regulate social media despite concerns of growing censorship in a country where critical voices are already…
Spirit warns of layoffs; aid for contractors being examined
Spirit Airlines is warning employees that it could furlough up to 30% of its roughly 9,000 workers in October, when federal payroll-help money runs out.
J.C. Penney lawyer says chain is going forward with sale
NEW YORK (AP) — An attorney for J.C. Penney Co. told a bankruptcy judge Wednesday that the retailer is going forward with a sale of its business and expects the deal to be completed by the fall.
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.
AMD, L Brands rise; Boeing, Six Flags fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Minister: Cyprus will lose over 75% of tourism this year
NICOSIA, Cyprus (AP) — Cyprus doesn’t expect to see this year more than 20%-25% of the record 3.97 million vacationing visitors the Mediterranean island nation welcomed in 2019 because the coronavirus pandemic has …
Lawmakers batter Big Tech CEOs, but don't land many blows
WASHINGTON (AP) — Congressional lawmakers finally got a chance Wednesday to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that stifle competition. But it's not clear how …
US officials: Russia behind spread of virus disinformation
WASHINGTON (AP) — U.S. officials say Russian intelligence officers are spreading disinformation about the coronavirus pandemic through English-language websites, trying to exploit a crisis that America is strugglin…