Coronavirus
Hurricane Laura Set to Slam US Energy Coast
Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of COVID-19.
Seven-Day Virus Disinfectant Cleared for American Air Jets
The Trump administration on Aug. 24 gave American Airlines Group Inc. emergency approval to deploy a new weapon against COVID-19: a surface coating that kills coronaviruses for as many as seven days.
Oil Set for Weekly Drop in Wake of Sluggish Global Economies
Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.
Deere Raises Outlook With Farm Demand Cushioning Downturn
Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an “uncertain” market due to the coronavirus pandemic.
American Airlines to Drop Flights to 15 Cities in October
American Airlines will drop flights to 15 smaller U.S. cities in October when a federal requirement to serve those communities ends.
Jobless Claims Unexpectedly Increase to More Than 1 Million
Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery.
Fed Minutes Note Consumer Spending Rebound, Uncertainty
U.S. central bankers noted the rebound in consumer spending at their last meeting but repeated their view that the path of the recovery would depend on containment of the virus.
World’s Largest Offshore Rig Owner Valaris Goes Bankrupt
Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Aug. 19 as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.
Maersk Lifts Profit Outlook in Sign of Pandemic Resilience
The world’s largest container line may generate $1.5 billion more in operating profit this year than previously expected, as its business proves resilient to the COVID-19 crisis.
Three More States to Announce Lawsuits Over USPS, Mail-In Voting
Three more Democratic-led states announced they will take legal action to protect the U.S. Postal Service and mail-in voting as the Trump administration faces claims it is trying to undermine the election.