Latest Business News

5 credit mistakes that can haunt you

Oct. 21, 2020 6:22 AM EDT

Some credit mistakes are a lot worse than others. Little ones, like paying a credit card bill a day late, may cost you a penalty fee, but that’s a relatively minor irritation — it’s not going to stand between you and a mortgage. Other seemingly small slip-ups can lead to full-fledged...

This image provided by Fiat Chrysler Automobiles shows the 2021 Ram 1500 Laramie. Truck and SUV sales are otter than ever. If you need a mode of transportation for a growing family, what would be best for you — a truck, SUV or maybe a minivan? (Fiat Chrysler Automobiles via AP)

Edmunds: What is the best vehicle for a family of five?

Oct. 21, 2020 6:00 AM EDT

Trucks and SUVs are the top-selling vehicles in America, and the sales trends show no signs of cooling off. They’ve become the de facto family vehicles for a number of reasons, including a high ride height for better visibility; enhanced versatility thanks to roomy cargo areas; available all-wheel drive...

Pedestrians wearing face masks to help curb the spread of the coronavirus walk on a street during the morning rush hour in Beijing, Wednesday, Oct. 21, 2020. (AP Photo/Andy Wong)

The Latest: Pakistan warns of new lockdown as deaths rise

Oct. 21, 2020 5:58 AM EDT

ISLAMABAD — Pakistan’s military-backed National Command and Operation Center has issued a warning that another lockdown could be imposed to contain COVID-19 deaths if people don't stop violating social distancing rules. The announcement on Wednesday came after Pakistan reported reported 660 new...

The stars of the EU flag are seen against the sun at the Europa House in London, Monday, Oct. 19, 2020. According to media reports, European Commission vice president Maros Sefcovic has met Chancellor of the Duchy of Lancaster Michael Gove for talks on the EU-UK trade deal. (AP Photo/Frank Augstein)

EU to UK on Brexit talks: 'You can't have cake, eat it too'

Oct. 21, 2020 5:46 AM EDT

BRUSSELS (AP) — The European Union took a defiant tone on Wednesday as the standoff over resuming post-Brexit trade negotiations with the United Kingdom intensified, telling London that “you cannot have your cake and eat it too.” European Council President Charles Michel refused to bow to...

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP Photo/Koji Sasahara)

World shares mixed as investors eye U.S. economic aid talks

Oct. 21, 2020 5:32 AM EDT

TOKYO (AP) — European shares fell Wednesday after Asian shares advanced as investors welcomed a batch of solid earnings reports from U.S. companies. France's CAC 40 slipped 0.9% to 4,884.46 while Germany's DAX shed 0.8% to 12,635.78. Britain's FTSE 100 dipped 1.3% to 5,811.52. U.S. shares were set to...

FILE - In this Oct. 1, 2020, file photo Senate Majority Leader Sen. Mitch McConnell of Ky. walks towards the Senate floor on Capitol Hill in Washington. New virus relief will have to wait until after the November election. The architect of the Senate measure, McConnell, isn’t claiming the vote will advance the ball. Once the measure fails, he plans to turn the chamber's full attention to cementing a 6-3 conservative majority on the Supreme Court by confirming Judge Amy Coney Barrett. (AP Photo/Manuel Balce Ceneta, File)

Pandemic relief talks inch ahead, but McConnell is resistant

Oct. 21, 2020 5:24 AM EDT

WASHINGTON (AP) — Negotiations on a huge COVID-19 relief bill have taken a modest step forward, though time is running out and Senate Majority Leader Mitch McConnell, President Donald Trump's most powerful Senate ally, is pressing the White House not to move ahead. McConnell told fellow Republicans that he...

China's BYD, Japan's Hino announce electric truck venture

Oct. 21, 2020 5:10 AM EDT

BEIJING (AP) — Chinese electric car brand BYD Auto and Japanese truck maker Hino Motors said Wednesday they are jointly setting up a company to develop battery-powered trucks and buses. The venture is one of a series of tie-ups between Chinese and foreign automakers to share the multibillion-dollar costs...

Prime Minister Pedro Sanchez, left and 2nd deputy Prime Minister Pablo Iglesias talk during a parliamentary session in Madrid, Spain, Wednesday Oct. 21, 2020. Spanish Prime Minister Pedro Sanchez faces a no confidence vote in Parliament put forth by the far right opposition party VOX. (AP Photo/Manu Fernandez, Pool)

Spain's parliament debates no-confidence vote to oust govt

Oct. 21, 2020 5:08 AM EDT

MADRID (AP) — Spanish Prime Minister Pedro Sánchez is facing a no-confidence debate in parliament brought by the nation’s far-right Vox party, but it appears the maneuver lacks the necessary votes to topple the government. The parliament is hearing arguments for and against the motion on...

Britain's Chancellor Rishi Sunak leaves 11 Downing Street in London, Tuesday, Oct. 20, 2020. (AP Photo/Kirsty Wigglesworth)

UK government borrowing rises to record due to pandemic

Oct. 21, 2020 5:00 AM EDT

LONDON (AP) — The U.K. government's borrowing rose to the highest level on record in the first half of the financial year as tax revenue fell and authorities spent billions of pounds to prop up an economy ravaged by the coronavirus pandemic. The Office for National Statistics said Wednesday that the...

In this March 24, 2020 file photo, Woodward Avenue is shown nearly empty in Detroit. Before the coronavirus showed up, downtown Detroit was returning to its roots as a vibrant city center, motoring away from its past as the model of urban ruin. Now, with the coronavirus forcing many office workers to their homes in the suburbs, those who remain wonder if revitalization will ever return. (AP Photo/Paul Sancya)

From Detroit to Oakland, pandemic threatens urban renewal

Oct. 21, 2020 4:11 AM EDT

DETROIT (AP) — Downtown Detroit was returning to its roots as a vibrant city center, motoring away from its past as the model of urban ruin. Then the pandemic showed up, emptying once-bustling streets and forcing many office workers to flee to their suburban homes. Anthony Frank, who manages Dessert Oasis...