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The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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All big banks pass latest Federal Reserve ‘stress tests’

UPDATED: Thu., June 24, 2021

All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday as it released the results from its latest “stress tests," giving the banks the green light to start paying out dividends to investors and buying back stock.

News >  Business

Stocks add to weekly gains, helped by infrastructure deal

UPDATED: Thu., June 24, 2021

Stocks were higher in afternoon trading Thursday, helped by some modestly positive economic data as well as a continued belief that the U.S. economy is recovering from the pandemic and that inflation, while higher than usual, will not be a long-term problem.
News >  Business

Warren Buffett resigns from Gates Foundation

UPDATED: Wed., June 23, 2021

Warren Buffett resigned Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure as it deals with the divorce of its two founders.
News >  Business

High court backs businesses challenging California labor law

UPDATED: Wed., June 23, 2021

The Supreme Court on Wednesday sided with California agriculture businesses in their challenge to a state regulation that gives unions access to farm property in order to organize workers. As a result of the ruling, California will have to modify or abandon the regulation put in place in 1975 after the efforts of labor leader Cesar Chavez.
News >  Business

Air conditioning a hot commodity in Spokane region that keeps getting hotter

UPDATED: Wed., June 23, 2021

When the average Spokane-area customer learns that a house's furnace needs to be replaced, he or she will probably  kick that decision down the road, even if the outside temperature is 10 degrees below zero.But that same customer facing a broken air conditioner in 90-degree heat won't hesitate a minute to get that unit fixed, said Nathan Norman, owner of Bill's Heating & AC, which is based in Post Falls.