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…
As virus aid talks stalemate, Trump scorns help for cities
WASHINGTON (AP) — President Donald Trump on Wednesday dismissed Democratic demands for aid to cash-strapped cities in a new
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.
AMD, L Brands rise; Boeing, Six Flags fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
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.
Finance firm founder gets 6 months in college bribery scam
The founder of a Silicon Valley venture capital firm was sentenced Wednesday to six months behind bars for paying about $450,000 in bribes to boost his two daughters' entrance exam scores and get one of them into G…
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.
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 …
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…
Train derails on Arizona bridge that collapses, catches fire
PHOENIX (AP) — A freight train derailed Wednesday as it traveled on a bridge that spans a man-made lake in a Phoenix suburb, setting the bridge ablaze and partially collapsing the structure, officials said.
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 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…
Pandemic shakes up earnings season - some win, some lose
The spread of COVID-19 has skewed the numbers for every major company this year, for better or worse. Boeing, already besieged by problems with its marquee aircraft, is now dealing with a
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…
UK urged to refine quarantine plans after Spain criticism
LONDON (AP) — The British government came under renewed pressure Wednesday to refine its travel policies following criticism of its sudden decision to remove Spain from its safe list, a sudden change that has upend…
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…