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…
Levi's to cut 700 office jobs due to virus-related slump
NEW YORK (AP) — Levi's said Tuesday that it will cut 700 office jobs, or about 15% of its worldwide corporate workforce, as it deals with a sharp drop in sales due to the coronavirus pandemic.
Malaysian palm oil giant hit with forced labor allegations
MINNEAPOLIS (AP) — An anti-trafficking organization has filed a petition to ban the importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labor on pl…
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…
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…
Novavax, Sunrun rise; Shake Shack, United Airlines fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:
Wall Street follows solid stock market rally with pullback
Wall Street's recent string of big gains came to an abrupt stop Tuesday as stocks closed broadly lower following a pullback in markets overseas.
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
Biden wants US to produce more of its own pandemic supplies
WASHINGTON (AP) — Joe Biden is promising to shift production of medical equipment and other key pandemic-fighting products “back to U.S. soil," creating jobs and bolstering a domestic supply chain he says has been …
Major retailers to states: Mandate face masks now
NEW YORK (AP) — Retailers have a message for state governors: Please make everyone wear a face mask.
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Apple Books US Bestseller List - 07/05/20 - Paid Books
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Data-mining firm Palantir files for stealth public offering
The Silicon Valley data-mining firm Palantir Technologies confidentially filed to go public, setting up what could be the biggest stock offering from a technology company since Uber’s debut last year.
Most stocks slink back after strong rally, except for tech
NEW YORK (AP) — Most of Wall Street is slipping in midday trading on Tuesday, giving back some of the big gains made the past couple weeks, but a handful of tech giants bucked the trend and kept the market's losses…