US Posts Largest Monthly Budget Deficit on Record in February
The U.S. posted its biggest monthly budget deficit on record last month, amid falling corporate and individual tax revenue and increasing federal spending.
March 22, 2019GM to Invest $300 Million, Create 400 Jobs at Michigan Plant
General Motors Co. will invest $300 million in its Orion Township. Mich., assembly plant, a move that will create 400 jobs in suburban Detroit.
March 22, 2019Teamsters, YRC Strike Tentative Deal on Labor Contract
The chief negotiator for the Teamsters union announced that a tentative accord has been reached with YRC Worldwide for a new collective bargaining agreement covering 24,000 drivers and freight handlers at YRC Freight, one of the nation’s largest less-than-truckload carriers, and two of YRC’s regional freight carriers, New Penn Motor Express and USF Holland.
March 22, 2019US Exports Competitive in NAFTA Countries While Losing Ground in China
The prices U.S. producers get for their exports in Latin America and Canada rose this year, relative to the cost of goods imported to the United States, the Bureau of Labor Statistics said March 21. At the same time, prices for American-made goods sold in China and Japan fell.
March 22, 2019Spring Floods Threaten Most of Continental US
The deluge that devastated so much of the Midwest over the last week could be a preview for one of the worst years for flooding in the United States, according to federal weather officials.
March 22, 2019Maersk Tests Biofuel as It Sets Sail for 2050 Carbon Neutrality
A.P. Moller-Maersk A/S is about to conduct the shipping industry’s biggest test yet of biofuel as it seeks to cut emissions and meet its target of becoming carbon-neutral by 2050.
March 22, 2019Trump Says China Deal ‘Close’ Ahead of New Talks
President Donald Trump said March 22 that a trade deal with China is close as he prepared to send his negotiators to Beijing for a fresh round of talks next week, but U.S. officials downplayed the prospect of a swift conclusion.
March 22, 2019Yilport Said to Be in Talks for $2 Billion California Terminal
Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, Calif., a deal that would value the facility at close to $2 billion, people with knowledge of the matter said.
March 22, 2019Soft Demand Expected for Tesla Model 3 Until Price Drops
Demand for Tesla Inc.’s Model 3 sedan is expected to remain soft in the United States until the release of the lower-priced $35,000 model next quarter, Cowen analyst Jeffrey Osborne said.
March 22, 2019Oil Falls From Four-Month High on Concerns of Economic Slowdown
Oil fell from its highest closing level in four months in New York as signs of a slowing global economy stirred concerns about fuel demand.
March 22, 2019