Coronavirus
Oil Drops With Rising US Supplies Adding to Stimulus Concern
Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.
Pelosi, Mnuchin Talk Airline Aid After Trump Nixes Big Stimulus
Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on the morning of Oct. 7 after President Donald Trump pulled his negotiators from broader stimulus talks.
US Trade Deficit Widened in August to Largest Since 2006
The U.S. trade deficit widened in August to the largest since 2006 as the nation imported a record amount of consumer goods amid a pickup in demand ahead of the holiday shopping season.
Trump Tells Team to Stop Stimulus Talks, Halting Months of Negotiations
President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery.
October 6, 2020Trump Touts Aid for Airlines, Small Businesses
Economic aid for a federal loan program for small businesses and for the airline industry, including cargo carriers, garnered the support of President Donald Trump.
Boeing Cuts Jetliner-Sales Forecast 11% on Decadelong Slump
Boeing Co. sees a turbulent ride ahead for the world’s jetliner market, with sales contracting sharply this decade before eventually rebounding in the 2030s as new models and technologies spur growth.
Powell Again Warns of Weak US Recovery Without Enough Aid
Federal Reserve Chair Jerome Powell warned of a weak U.S. recovery without sufficient government aid and said providing too much stimulus wouldn’t be a problem.
US Job Openings Fell in August for First Time in Four Months
U.S. job openings declined in August for the first time in four months, pointing to a moderation in pace of hiring as the pandemic drags on.
Shippers, Retailers Work to Spread Out Holiday Surge Season to Ease Capacity Constraint
COVID-19 has accelerated the transformation to e-commerce, and significant growth in e-commerce sales is creating capacity concerns. Retailers are expected to move up holiday promotions to help spread out the peak shipping season.
Carriers Prepare for Increasing Surge to Supply Chain in E-Commerce Push
E-commerce is expected to continue to grow throughout the holiday season, placing added strain on the supply chain and increasing demand for final-mile deliveries.