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…
Revel suspends NYC scooter service after 2nd fatal crash
NEW YORK (AP) — Ride-sharing scooter startup Revel said Tuesday it is suspending operations in New York City after a second fatal crash in less than two weeks.
Fed extends lending programs as pandemic's impact lengthens
WASHINGTON (AP) — The Federal Reserve will extend seven of its emergency lending programs through the end of the year, an acknowledgement that the programs may be necessary for longer than was first thought as the …
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Scientists get closer to blood test for Alzheimer's disease
An experimental blood test was highly accurate at distinguishing people with Alzheimer’s disease from those without it in several studies, boosting hopes that there soon may be a simple way to help diagnose this mo…
Asian shares mixed amid dismal earnings, Wall Street slump
TOKYO (AP) — Asian shares were mixed Wednesday as reports of dismal company earnings add to pessimism over the widespread economic fallout from the coronavirus pandemic.
Democrats, GOP far apart on virus aid; Trump wants a deal
WASHINGTON (AP) — A day of shuttle diplomacy on Capitol Hill over a
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…
Former CBS digital chief takes top job at Tinder
DALLAS (AP) — The one-time chief of digital media at CBS is the new CEO of Tinder.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose 23 cents to settle at $41.27 a barrel Wednesday. Brent crude oil for September delivery rose 53 cents to $43.75 a barrel.
Struggling merchants, insurers battle over pandemic coverage
Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers that in turn contend they are being miscast as potential sav…
Victoria's Secret owner to cut 850 corporate jobs
NEW YORK (AP) — The owner of Victoria's Secret and Bath & Body Works said Tuesday that it is cutting 850 office jobs, or about 15% of its corporate workforce.
Judge: Purdue Pharma must halt some political contributions
A federal bankruptcy judge ruled Tuesday that OxyContin maker Purdue Pharma can't make any more contributions to partisan organizations that seek to boost the election efforts of candidates for state attorney gener…
GOP tucks $8 billion for military weaponry in virus bill
WASHINGTON (AP) — A new
Visa's profits shrink as virus stops consumers from spending
NEW YORK (AP) — Credit card processing giant Visa Inc. said its fiscal third quarter profit fell by 23% from a year ago, undercut by the world’s consumers and businesses dramatically slowing their spending as the c…
Nissan expects second straight year of red ink amid outbreak
TOKYO (AP) — Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker's sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former s…