Coronavirus
Jobless Claims Give Mixed Picture With Shift in Adjustments
U.S. unemployment-claims figures gave a mixed picture of the labor market amid government changes to seasonal adjustments to account for distortions from the pandemic.
Airlines Are Removing Seats to Make Space for Cargo
Cargo, one of the least glamorous aspects of flying, is proving a rare ray of light for airlines amid the coronavirus gloom.
September 3, 2020Mitch McConnell Raises Doubts on New Stimulus
Senate Majority Leader Mitch McConnell expressed doubts about whether Congress can get a deal on another pandemic relief package when lawmakers return to Washington after a monthlong recess, despite the Trump administration’s push for a quick, targeted stimulus.
Fed Survey Finds Pessimism About Economic Future
The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus.
United to Cut More Than 16,000 Jobs on Weak Travel Demand
United Airlines Holdings Inc. will eliminate 16,370 jobs next month as the carrier shrinks operations in response to the steep decline for air travel demand amid the COVID-19 pandemic.
Oil Rises on Signs US Crude Stockpiles Fell for a Sixth Week
Oil rose on signs a glut was easing with U.S. crude stockpiles shrinking for a sixth week.
Global Trade Seen Rebounding Faster Now Than Post-2008 Recession
Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to Germany’s Kiel Institute for the World Economy.
Shale Loses Another Global Giant After Schlumberger’s Frack Sale
Schlumberger has become the biggest oil service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs.
Manufacturing Expands at Fastest Pace Since Late 2018
U.S. manufacturing expanded in August at the fastest pace since late 2018, powered by growth in new orders that are a bright spot in an otherwise struggling economy.
Ford Ends Ventilator Production After Making 50,000
Ford is ending production of ventilators and returning the factory where they were built to full-time auto-parts output after completing delivering 50,000 ventilators to the government.