Coronavirus
Retail Sales Rise for 4th Straight Month as Growth Slows
Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600-a-week boost in their unemployment checks.
Pelosi: House to Stay in Session Until COVID-19 Rescue Deal
Speaker Nancy Pelosi said Sept. 15 the House will remain in session until lawmakers deliver another round of COVID-19 relief, a move that came as Democrats from swing districts signaled discontent with a standoff that could force them to face voters without delivering more aid.
Industrial Production Growth Slows, Up 0.4% in August
U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounceback recorded in previous months when factories were coming back to life.
House Aims to Pass Stopgap Government-Funding Bill Week of Sept. 21
The House is aiming to vote the week of Sept. 21 on a stopgap spending bill to keep the government open when the fiscal year ends Oct. 1, Majority Leader Steny Hoyer said.
Major Companies Reject Trump's Payroll Tax Deferral
A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic.
Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near
Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for monthslong charters so that they can be ready to store excess barrels if necessary.
US Stocks Resume Sell-off With Tech Battered Anew
A fresh sell-off in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations stretched too far in a five-month rally. Treasuries rose with the dollar.
Doomed-to-Fail Senate Vote Will Usher Final Scene on Stimulus
The U.S. Senate is poised to vote Sept. 10 on whether to advance a slimmed-down Republican-crafted pandemic relief bill, opening what’s likely to be the final stage of the monthslong partisan battle over fiscal stimulus.
Job Losses Persist as Claims Come in Higher Than Forecast
Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus.
Oil 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, 2020