Friday, May 29, 2020
May 29, 2020

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‘Dramatic decline’ in initial jobless claims in Clark County, Washington

May 28, 2020, 6:59pm Business

Clark County’s initial unemployment insurance claims show the largest week-over-week drop since the pandemic began, down 63.3 percent. Read story

Washington recovers $300M in fraudulent unemployment claims

May 28, 2020, 12:46pm Business

Washington has recovered $300 million paid to criminals who used stolen personal information to file fraudulent unemployment benefit claims amid the COVID-19 crisis, state officials said Thursday. Read story

CNN crew arrested while reporting on Minneapolis protests

May 29, 2020, 8:53am Business

NEW YORK (AP) — Minnesota Gov. Tim Walz apologized to CNN, saying he takes total responsibility for the arrest of one of the network's crews Friday as they reported on violent protests in Minneapolis following the death of George Floyd. Read story

U.S. consumer spending sinks by record 13.6% in face of virus

May 29, 2020, 8:29am Business

WASHINGTON (AP) — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Read story

Stocks slip on Wall Street but still headed for weekly gain

May 29, 2020, 8:28am Business

Stocks fell in afternoon trading on Wall Street Friday as investors worry that the U.S. and China could be headed for another confrontation, this time over the autonomy of the former British colony of Hong Kong. Read story

Cold brew for later? In Clark County, cafes can (and bottle)

May 29, 2020, 6:00am Business

As the calendar shifts toward June, many of the temporarily closed coffee shops in Vancouver are slowly reopening. Business owners weren’t idly sitting around during their spring closures. They spent the time imagining new ways to make online ordering and takeout transactions quicker, easier and safer. Everyone seemed to reach the same solution: lattes and cold-brew coffee in bottles and cans. Read story

Coronavirus outbreak sickens dozens at Townsend Farms

May 28, 2020, 4:19pm Business

PORTLAND -- State officials have confirmed that a fruit company with two Portland area facilities is the site of the large coronavirus outbreak referenced by state health officials Wednesday that infected dozens of workers. It's Townsend Farms' second COVID-19 outbreak since late April, The Oregonian/OregonLive reported. Read story

Nordstrom’s 1Q sales fell 40% as pandemic shuttered stores

May 28, 2020, 3:40pm Business

NEW YORK — Upscale department store retailer Nordstrom reported Thursday that its sales plunged nearly 40% in its fiscal first quarter when the pandemic forced a temporary shutdown of its stores. Read story

Wall Street’s rally ends on fears about US-China tensions

May 28, 2020, 2:30pm Business

Wall Street’s rally ran out of fuel in the last hour of trading on Thursday, and the market fell to its first loss in four days amid worries about rising U.S.-China tensions. Read story

Crowds line up for ilani casino’s reopening

May 28, 2020, 10:33am Business

COWLITZ INDIAN RESERVATION — ilani reopened its doors Thursday following a 70-day closure due to the novel coronavirus pandemic. Read story