Tuesday, March 2, 2021
March 2, 2021

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FILE - In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington.  Federal Reserve officials were convinced last month that the U.S. economy and job growth had slowed as coronavirus cases surged across the country. They noted that the economy's outlook is heavily dependent on the course of the virus.

Fed’s Powell: Recovery incomplete, high inflation unlikely

FILE - In this Dec. 1, 2020 file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington.  Federal Reserve officials were convinced last month that the U.S. economy and job growth had slowed as coronavirus cases surged across the country. They noted that the economy's outlook is heavily dependent on the course of the virus.

February 23, 2021, 10:20am Business

WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. Read story

In this image made from video, cars drive through the used vehicle lot at a LaFontaine auto dealership in Fenton Township, Mich., Thursday, Jan. 28, 2021. A chain reaction touched off by the coronavirus pandemic has pushed new-vehicle prices to record highs and dramatically driven up the cost of used ones.

New or used? Either way, price hikes squeeze U.S. auto buyers

In this image made from video, cars drive through the used vehicle lot at a LaFontaine auto dealership in Fenton Township, Mich., Thursday, Jan. 28, 2021. A chain reaction touched off by the coronavirus pandemic has pushed new-vehicle prices to record highs and dramatically driven up the cost of used ones.

February 23, 2021, 8:22am Business

FENTON TOWNSHIP, Mich. — The viral pandemic has triggered a cascade of price hikes throughout America’s auto industry — a surge that has made both new and used vehicles unaffordable for many. Read story

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March.

U.S. home prices rise 10.1% in December, fastest since 2014

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March.

February 23, 2021, 8:21am Business

WASHINGTON — U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from crowded urban areas to houses in the suburbs. Read story

FILE - This March 29, 2018, file photo shows the Facebook logo on screens at the Nasdaq MarketSite, in New York's Times Square. Facebook said on Tuesday, Feb.

Unfriended no more: Facebook to lift Australia news ban

FILE - This March 29, 2018, file photo shows the Facebook logo on screens at the Nasdaq MarketSite, in New York's Times Square. Facebook said on Tuesday, Feb.

February 23, 2021, 8:21am Business

CANBERRA, Australia — Facebook announced Tuesday that it would lift a ban on Australians viewing and sharing news on its platform after it struck a deal with the government on proposed legislation that would make digital giants pay for journalism. Read story

WSU’s Center for Innovation announces startup competition winners

February 23, 2021, 8:20am Business

Washington State University’s Center for Innovation awarded three startups with mentorship and support valued at $25,000 to launch business ideas related to solving coronavirus-related challenges. Read story

FILE - In this Tuesday, Sept. 15, 2020, file photo, passers-by examine a storefront window in Boston's fashionable Newbury Street shopping district. U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases began across the country. The Conference Board reported Tuesday, Oct. 27, 2020,  that its consumer confidence index fell to a reading of 100.9, from 101.8 in September.

Consumer confidence rises for second straight month

FILE - In this Tuesday, Sept. 15, 2020, file photo, passers-by examine a storefront window in Boston's fashionable Newbury Street shopping district. U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases began across the country. The Conference Board reported Tuesday, Oct. 27, 2020,  that its consumer confidence index fell to a reading of 100.9, from 101.8 in September.

February 23, 2021, 8:19am Business

SILVER SPRING, Md. — U.S. consumer confidence rose again in February as an accelerating COVID-19 vaccine push provides hope for Americans who have lived through a year of unprecedented restrictions. Read story

Boeing 757 bound for Seattle makes emergency landing

February 23, 2021, 8:15am Business

A Boeing 757 operated by Delta Air Lines en route to Seattle from Atlanta made an emergency landing Monday afternoon after flight crew noticed an indicator warning of a possible problem with one of its engines. Read story

FILE - In this Tuesday, Feb. 16, 2021, American flags hang outside of the New York Stock Exchange in New York. Stocks are opening broadly lower on Wall Street, getting the week off to a sluggish start and continuing a losing streak. The S&P 500 gave up 0.6% in the early going Monday, Feb. 22 and other major indexes were also lower.

Weakness in Big Tech stocks leaves Wall Street mostly lower

FILE - In this Tuesday, Feb. 16, 2021, American flags hang outside of the New York Stock Exchange in New York. Stocks are opening broadly lower on Wall Street, getting the week off to a sluggish start and continuing a losing streak. The S&P 500 gave up 0.6% in the early going Monday, Feb. 22 and other major indexes were also lower.

February 22, 2021, 3:15pm Business

A sell-off in technology companies led stocks on Wall Street mostly lower Monday, adding to the market's losses from last week. Read story

Marine One, with President Joe Biden aboard, approaches the South Lawn of the White House, Friday, Feb. 19, 2021, in Washington. Biden is returning to Washington after visiting Pfizer's COVID-19 vaccine manufacturing site near Kalamazoo, Mich.

Biden to boost pandemic lending to smallest businesses

Marine One, with President Joe Biden aboard, approaches the South Lawn of the White House, Friday, Feb. 19, 2021, in Washington. Biden is returning to Washington after visiting Pfizer's COVID-19 vaccine manufacturing site near Kalamazoo, Mich.

February 22, 2021, 8:47am Business

WASHINGTON — President Joe Biden is targeting federal pandemic assistance to the nation’s smallest businesses and taking steps to further equity in what is known as the Paycheck Protection Program. Read story

FILE - In this March 30, 2020, file photo, My Pillow CEO Mike Lindell speaks as President Donald Trump listens during a briefing about the coronavirus in the Rose Garden of the White House, in Washington. Twitter has permanently banned Lindell's Twitter account after he continually perpetuated the baseless claim that Donald Trump won the 2020 U.S. presidential election.

Dominion Voting Systems sues ‘MyPillow Guy’ for $1.3 billion

FILE - In this March 30, 2020, file photo, My Pillow CEO Mike Lindell speaks as President Donald Trump listens during a briefing about the coronavirus in the Rose Garden of the White House, in Washington. Twitter has permanently banned Lindell's Twitter account after he continually perpetuated the baseless claim that Donald Trump won the 2020 U.S. presidential election.

February 22, 2021, 8:46am Business

MINNEAPOLIS — Dominion Voting Systems filed a $1.3 billion defamation lawsuit Monday against the founder and CEO of Minnesota-based MyPillow, saying that Mike Lindell falsely accused the company of rigging the 2020 presidential election. Read story