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…
Buffett's firm buys another $400M of Bank of America stock
OMAHA, Neb. (AP) — Warren Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock.
Kodak lands loan to bolster US-produced drug supply
WASHINGTON (AP) — Eastman Kodak will receive a federal loan of $765 million to help reduce reliance on other countries for ingredients in generic drugs, an agreement President Donald Trump hailed Tuesday as a break…
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…
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.
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…
2 nabbed in ex-Nissan boss' escape say they won't flee US
A U.S. magistrate judge improperly denied release to a father and son wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of that country, their attorneys said Tuesda…
The top iPhone and iPad apps on App Store
Top Paid iPhone Apps:
Spotlight on 4 Big Tech CEOs testifying in competition probe
WASHINGTON (AP) — They command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them is the world’s richest individua…
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…
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.
'Second wave' virus fears strike blow to tourism industry
LONDON (AP) — Concerns over a “second wave” of coronavirus infections brought on by returning vacationers are wreaking havoc on Europe's tourism industry, particularly in Spain, following Britain's effective ban on…
McDonald's facing uneven recovery, 2Q sales down 30%
Business did improve for McDonald’s throughout the second quarter as restrictions lifted across the globe, but the fast food giant faces a bumpy — and expensive — recovery.
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 …
Stocks drift lower on Wall Street as gold hovers near record
Stocks are drifting lower on Wall Street Tuesday following a mixed set of earnings reports from big U.S. companies.
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.