Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Fuel prices slightly elevated this week
MOSES LAKE — After weeks of steady increases, fuel prices across Washington and the nation largely held steady thi…
Belarus bars main challengers from presidential ballot
MINSK, Belarus (AP) — Election authorities in Belarus on Tuesday barred two main rivals of authoritarian leader Alexander Lukashenko from running in this summer's presidential election.
Retirees in Greece win court battle for bailout refund
ATHENS, Greece (AP) — A high court in Greece ruled Tuesday in favor of retirees who brought a class action case to demand the reimbursement of money cut from their income during international bailouts.
Ponzi scheme convict wants prison release due to pandemic
JACKSON, Miss. (AP) — A Mississippi man sentenced to nearly 20 years only nine months ago for running a $100 million Ponzi scheme is hoping a federal judge will order his release from prison because of the coronavi…
Consumer prices jump 0.6% in June, led by gains in energy and food but expectation is virus will keep lid on inflation
WASHINGTON (AP) — Consumer prices jump 0.6% in June, led by gains in energy and food but expectation is virus will keep lid on inflation.
Spiking cost of gasoline pushes June consumer prices up 0.6%
WASHINGTON (AP) — U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.
Borgata to reopen July 26, last of Atlantic City's 9 casinos
ATLANTIC CITY, N.J. (AP) — The Borgata casino will reopen on July 26, the last of Atlantic City's nine gambling resorts to resume operating amid the coronavirus outbreak.
Wells Fargo loses $2.4 billion in 2Q, first loss since 2008
Silver Spring, Md. (AP) — Wells Fargo lost $2.4 billion in the second quarter, the first quarterly loss for the bank since the real estate crash of 2008.
“Growth has stalled": Surge in US infections hits Delta
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected…
UK to exclude Huawei from role in high-speed phone network
LONDON (AP) — Britain’s government on Tuesday backtracked on plans to give Chinese telecommunications company Huawei a limited role in the U.K.’s new high-speed mobile phone network in a decision with broad implica…
UK government to exclude Huawei from role in supplying new high-speed network equipment to wireless carriers
LONDON (AP) — UK government to exclude Huawei from role in supplying new high-speed network equipment to wireless carriers.
JPMorgan profit hit hard by pandemic, as consumers struggle
NEW YORK (AP) — The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase, as the nation’s largest financial company set aside billions in the second quarter to cover potential losses f…
Catalan leader demands investigation into Spain spying claim
MADRID (AP) — The speaker of the Catalan regional parliament demanded Tuesday that the Spanish government launch an official investigation into reports that his cellphone was the target of espionage, allegedly by S…
“Growth has stalled" .... surging infections hit Delta
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which air travel collapsed because of the coronavirus pandemic, and a hoped-for recovery has been delayed by a resurgence of infected America…
Huawei posts 13.1% revenue growth amid pandemic, sanctions
HONG KONG (AP) — Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pande…
UK economic bounceback falls short of V-shaped recovery hope
LONDON (AP) — The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set to be one of the country's deepest recessions in centuries will be rapid.