Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Horizon employees give back to community
MOSES LAKE — The team at Horizon Credit Union took some time away from the office Tuesday to tackle a different li…
TikTok to leave Hong Kong as security law raises questions
HONG KONG (AP) — TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week.
Italy, Portugal say economic forecasts show need for EU help
LISBON, Portugal (AP) — New forecasts predicting the European Union’s economy is headed for a steep decline underscore the need for quick approval of a proposed recovery fund to help its 27 member countries, the le…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for August delivery rose 28 cents to settle at $40.90 a barrel Wednesday. Brent crude oil for September delivery added 21 cents to $43.29 a barrel.
Thailand denies monkeys abused to harvest coconut products
BANGKOK (AP) — Thailand's coconut-picking monkeys, long a popular tourist attraction, have become a sensitive trade issue as British activists claim the animals are abused and push for a boycott of the nation's coc…
Coronavirus slams Poland's already-troubled coal industry
WARSAW, Poland (AP) — The coronavirus has ripped through Poland's coal mines, where men descend deep underground in tightly packed elevators and work shoulder-to-shoulder to extract the source of 75% of the nation’…
German production rebounds in May, but misses expectations
BERLIN (AP) — German industrial production picked up in May after dropping sharply in the two previous months, but the rebound fell short of expectations.
Business Highlights
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Small business program scrutinized for loans to big firms
NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise he…
Portuguese energy firms replace CEOs amid corruption probe
LISBON, Portugal (AP) — Shares in Portugal’s blue-chip national energy provider EDP and its international renewable energy division rose Tuesday after the companies replaced their CEOs amid a corruption investigati…
NY state penalizes Deutsche Bank $150M for Epstein dealings
NEW YORK (AP) — Deutsche Bank has agreed to pay $150 million to settle claims that it broke compliance rules in its dealings with the late sex offender Jeffrey Epstein, New York state announced Tuesday.
A deeply divided Poland chooses a president in runoff vote
WARSAW, Poland (AP) — Two bitter rivals are heading into a razor's-edge presidential runoff election Sunday in Poland that is seen as an important test of populism in Europe after a campaign that exacerbated a cons…
Immigrant advocates say US policy change endangers workers
NEW ORLEANS (AP) — Immigrant advocates in New Orleans claim in a federal lawsuit that federal rule changes made last year by the U.S. Department of Labor will make foreign workers fearful of reporting workplace abu…
McConnell eyes virus aid as evictions, benefits cuts loom
WASHINGTON (AP) — An eviction moratorium is lifting. Extra unemployment benefits are ending. Parents are being called to work, but schools are struggling to reopen for fall as the
Novavax, Sunrun rise; Shake Shack, United Airlines fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:
How major US stock indexes fared Tuesday
Technology companies and banks helped drive stocks broadly lower on Wall Street Tuesday as the market gave back some of the big gains it made the past couple of weeks.