White House Telegraphs Willingness to Increase Stimulus Offer
The White House strongly signaled Sept. 16 that it is willing to increase its offer in talks with Democrats and that Senate Republicans should go along in order to seal a stimulus deal in the next week to 10 days.
September 16, 2020US Removes Canada Aluminum Tariffs Amid Retaliation Threat
The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.
September 15, 2020Oil Market Buckles Under Pressure of Pandemic’s Second Wave
Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.
September 9, 2020Airlines Are Removing Seats to Make Space for Cargo
Cargo, one of the least glamorous aspects of flying, is proving a rare ray of light for airlines amid the coronavirus gloom.
September 3, 2020GM to Double Down on China After Tesla Grabs EV Lead
General Motors Co. is accelerating its push into the fast-growing electric-car segment in China, the world’s largest market, seeking to challenge sales leader Tesla Inc. and a slew of local contenders.
August 19, 2020Labor Abuse Allegations Tie Up Ships in Australia Ports
Australian authorities detained at least two cargo ships for alleged labor violations related to demands from seafarers to be sent home, some of whom have spent more than a year at sea.
August 12, 2020Mnuchin Says Trump to Take Executive Action as Stimulus Talks Stall
Treasury Secretary Steven Mnuchin said he’ll recommend President Donald Trump move ahead with executive action on unemployment aid, evictions and student loans after another round of negotiations with Democrats on a virus relief plan ended without any agreement.
August 7, 2020White House, Democrats Locked in Standoff as Deal Deadline Looms
The White House and congressional Democrats are locked in a standoff over the size and breadth of a new virus relief package, with their self-imposed Aug. 7 deadline for a deal looming.
August 6, 2020Meadows Says Democrats Rebuff White House on Stopgap Jobless Aid
White House Chief of Staff Mark Meadows said Democrats rebuffed multiple proposals from the Trump administration to extend lapsing supplemental unemployment benefits and have continued to raise the ante in talks on a stimulus package to bolster a U.S. economy hobbled by the coronavirus pandemic.
July 31, 2020Tech Leads Stock Rebound From Lows Amid Earnings
Stocks pared losses as a rally in big technology companies tempered concern over a slow economic rebound. After the close of regular trading, Apple Inc., Amazon .com Inc., Alphabet Inc. and Facebook Inc. jumped as results crushed Wall Street estimates.
July 30, 2020