Coronavirus
US Job Openings Increased in July by More Than Forecast
U.S. job openings increased for a third straight month in July, consistent with a steady improvement in the labor market as the nation grinds its way forward from a pandemic-induced recession.
US Stocks Sink to 4-Week Low in Latest Tech Rout
The selloff in U.S. technology shares picked up speed as investors fled the high fliers who fueled the historic five-month rally from the pandemic lows. Oil plunged, while Treasuries rose with the dollar.
McConnell Plans Vote on Relief Plan That Pelosi Calls ‘Fraudulent’
Congressional leaders hardened their battle lines on additional fiscal stimulus on Sept. 8, with House Speaker Nancy Pelosi labeling Republican Senate Majority Leader Mitch McConnell’s proposal for a slimmed-down package “fraudulent.”
September 8, 2020COVID-19 Pushes Industry to Implement New Accounting, Bookkeeping Methods
COVID-19 has created challenges throughout the trucking industry, but it also has created opportunities, especially when it comes to fleets’ accounting processes.
Oil Sinks With Equities on Wavering Hopes for Demand Pickup
Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.
Unemployment Rate Drops by More Than Expected to 8.4%
The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.
Tech Rout Sends Stock Market to Biggest Loss Since June
Wall Street’s euphoria took a break Sept. 3, as steep losses in technology stocks dragged the rest of the market down with them.
Trucking Surges as Capacity Tightens Amid Continued Pandemic
More than six months into the COVID-19 pandemic the trucking industry’s health is stronger than the U.S. economy, as segments used in final-mile delivery, e-commerce, and deliveries to grocery stores and hospitals thrive.
FedEx to Increase Peak Hiring 27% for ‘Unprecedented’ Season
FedEx Corp. plans to hire about 70,000 seasonal workers to handle the holiday surge of packages, a 27% increase from last year’s peak, in what is expected to be an unprecedented level of delivery demand.
US Trade Deficit Surges in July to Highest in 12 Years
The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.