Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Grant and Adams counties gas prices dip slightly as state, national averages rise
MOSES LAKE — Gas prices in Grant and Adams counties slipped slightly over the last week, even as Washington and na…
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…
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.