Nikola Misses Estimates, Details Additional SEC Inquiry
Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March.
May 7, 2021Job Growth Softens, Misses Estimates
U.S. job growth unexpectedly softened in April from the prior month, suggesting that difficulty attracting workers is slowing momentum in the labor market.
May 7, 2021Biden Pushes for His Infrastructure Plan in GOP Stronghold
With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on May 6 to pressure GOP lawmakers to support his $2.25 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he’s recommending to pay the cost.
May 6, 2021Senate Bill Calls for Removing Personal Information From International Moving Shipping Manifests
Bipartisan legislation has been introduced in the Senate that would require scrubbing such personal information as social security and passport numbers on shipping manifests for military and government personnel moving to the U.S. from overseas before the information is sold to data brokers.
May 6, 2021US LNG Players Tout Carbon Capture in Bid to Boost Green Image
U.S. LNG developers seeking to burnish their green credentials and boost their competitiveness on a crowded global stage are touting a costly and largely untested technology: carbon capture.
May 6, 2021House Democrats Support Electric Vehicle Policies, Rep. Pallone Says
House Democrats are aiming to advance legislation pertaining to electric vehicles as the White House and congressional leaders debate infrastructure policy measures this year.
May 6, 2021House Committee, White House Prepare for Highway Bill’s Consideration
The White House intends to schedule meetings with transportation leaders next week before the congressional committees’ consideration of multiyear highway policy bills.
May 6, 2021World’s Biggest Brands Adopt Checklist to Protect Seafarers
Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks.
May 6, 2021Jobless Claims Fall More Than Forecast to Pandemic Low
Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly.
May 6, 2021Labor Department Drops Independent Contractor Rule
The U.S. Department of Labor has announced the withdrawal of a federal regulation for classification of independent contractors that the agency earlier said would “promote certainty” for the trucking industry’s use of contractors, but which it now maintains would introduce “substantial confusion and uncertainty on the topic.”
May 6, 2021