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…
South Korea-Japan trade fight moves to global dispute panel
GENEVA (AP) — World Trade Organization members on Wednesday created a dispute panel to rule on a complaint by South Korea against Japan over restrictions on exports to Korea of products used in semiconductors, mobi…
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.
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…
Norfolk Southern profit falls 46% as virus slows shipments
OMAHA, Neb. (AP) — Norfolk Southern Corp.'s second-quarter profit fell 46% as the railroad hauled 26% less freight because of the coronavirus outbreak's impact on the economy.
How to take a high-interest loan and skip the debt cycle
For the millions of Americans who struggle to afford an unexpected expense, high-interest payday and online loans may seem like acceptable options despite the inherent risk.
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.
Plant closings send GM to 2Q loss, but signs of improvement
DETROIT (AP) — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June.
Virus and grounded plane send Boeing to $2.4 billion 2Q loss
Boeing is reporting a $2.4 billion loss for the second quarter due to the grounding of its 737 Max jet and the coronavirus pandemic, which is expected to depress airline travel even longer than previously expected.
5 French fighter jets delivered to India in military upgrade
SRINAGAR, India (AP) — The first batch of five French-made Rafale fighter jets arrived at an Indian air force base on Wednesday, Indian officials said, as the country seeks to modernize its military amid security c…
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 …
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…
Edmunds: 5 fast and luxurious small SUVs
Small luxury SUVs have traditionally offered an appealing mix of practicality, refinement and upscale features. Now they’re also offering something else: high performance.
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…
Twitter gives Trump Jr. a tweet timeout for pandemic misinfo
CHICAGO (AP) — Twitter has temporarily halted President Donald Trump’s son from tweeting on its site after he shared a video riddled with unsupported claims about the coronavirus Monday.
Turkish parliament to vote on controversial social media law
ISTANBUL (AP) — Turkish lawmakers were making their final speeches Tuesday before voting on a bill that would give the government greater powers to regulate social media, in what human rights groups and the opposit…