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…
Tornado, virus, protests rattle Nashville rideshare economy
NASHVILLE, Tenn. (AP) — After driving for Lyft for six years, Joni Bicknese decided to invest in a minivan at the beginning of 2020, reasoning that she could make more money if she could transport more riders. Then…
Fed sketches dim outlook for US economy amid pandemic and signals it will keep rates pinned near zero
WASHINGTON (AP) — Fed sketches dim outlook for US economy amid pandemic and signals it will keep rates pinned near zero.
US is expected to report a record-breaking economic plunge
WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of t…
More Americans signed contracts to buy homes in June
SILVER SPRING, Md. (AP) — The number of Americans signing contracts to buy homes rose for the second straight month after a devastating spring freeze brought on by the coronavirus outbreak.
Former Wilmington Trust execs lose bid to nix SEC complaint
DOVER, Del. (AP) — A federal judge on Wednesday rejected a request by two former bank executives who were convicted on criminal charges to dismiss a civil suit filed against them by federal securities regulators.
Suspended Arkansas professor indicted on fraud counts
FAYETTEVILLE, Ark. (AP) — A suspended University of Arkansas professor has been indicted on multiple wire and passport fraud counts.
Hong Kong economy contracts 9% in latest quarter
HONG KONG (AP) — Hong Kong’s economy shrank by 9% from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the loss of U.S. trade privileges due to a securit…
How major US stock indexes fared Wednesday
Wall Street rallied on Wednesday, and the S&P 500 climbed 1.2% for its best day in two weeks after the Federal Reserve kept the accelerator floored on its support for the economy.
US jabs Russia over claim of spreading virus disinformation
MOSCOW (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 struggling to…
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.
Airbus plane deliveries halved as airlines scrounge for cash
PARIS (AP) — European plane maker Airbus saw its deliveries halve during the first six months of the year as travel collapsed during the pandemic and airlines scrounged for cash.
Unemployment rate falls in Grant County
MOSES LAKE — Unemployment in Grant County dropped substantially in June, from a rate of 12.7 percent in May to 8.3 percent last month.
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.
Former Wilmington Trust execs lose bid to nix SEC complaint
DOVER, Del. (AP) — A federal judge on Wednesday rejected a request by two former bank executives who were convicted on criminal charges to dismiss a civil suit filed against them by federal securities regulators.
Wall Street rallies as Fed keeps rates pinned at record low
NEW YORK (AP) — Wall Street rallied on Wednesday, and the S&P 500 climbed 1.2% for its best day in two weeks after the Federal Reserve kept the accelerator floored on its support for the economy.