Coronavirus
Fed’s Bullard Says ‘Full Recovery’ for US in Reach by Year End
Federal Reserve Bank of St. Louis President James Bullard, in the most upbeat comments by a central banker since the start of the COVID-19 outbreak, said the U.S. economy may surge at a 35% annualized rate in the third quarter and the nation may be close to a complete recovery by year-end.
Truck Driver Training Programs Overcome COVID Risks
As the coronavirus gripped the nation, companies across the trucking industry were forced to alter their operations while confronting the pandemic. For some, that included driver training and orientation.
Mnuchin Expects to Resume Talks With Pelosi on New Stimulus
Treasury Secretary Steven Mnuchin plans to resume talks with House Speaker Nancy Pelosi to work on a compromise for a new round of stimulus for the U.S. economy, according to a person familiar with the plans.
US Jobless Claims Remain Elevated in Choppy Recovery
Applications for U.S. unemployment benefits were little changed last week, contrasting with estimates for a decline and highlighting an economic recovery that’s coming in fits and starts.
Oil Pares Gains as Stocks Slip on Fed Warnings on Economy
Oil pared its advance Sept. 23 as stocks fell on the latest warnings from Federal Reserve officials about the economic outlook due to the coronavirus.
Growth in US Business Activity Stays Solid, IHS Markit Data Shows
U.S. business activity continued to expand at a solid clip in September, outpacing a stagnant Europe and capping a vigorous third-quarter rebound for the economy.
House OKs Funding Bill With Highway Law Extension
WASHINGTON — In a sweeping bipartisan vote that takes a government shutdown off the table, the House passed a temporary government-wide funding bill Sept. 22, shortly after President Donald Trump prevailed in a behind-the-scenes fight over his farm bailout.
Shippers Might Pay More for Cargo in 2021, C.H. Robinson Says
Shippers probably will pay more for freight heading into 2021 after the pandemic lockdown drove many small truckers out of business and cargo demand rebounds faster than the economy, C.H. Robinson Worldwide Inc. CEO Bob Biesterfeld said.
Hertz Weighs Plans From Two Creditor Groups for Bankruptcy Loan
Hertz Global Holdings Inc. is negotiating with its creditors for a loan to bolster operations after months of funding itself during bankruptcy, according to people with knowledge of the talks.
Powell, Mnuchin Voice Optimism but Back More Economic Aid
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Sept. 22 that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed.