Coronavirus
33 Million Have Sought US Unemployment Aid Since Virus Hit
Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.
Oil Jumps After Saudi Arabia Raises Prices to Boost Recovery
Oil surged after Saudi Arabia raised prices for its crude globally.
Agriculture Secretary Says Meatpacking Plants Should Reopen Within 10 Days
U.S. Agriculture Secretary Sonny Perdue said he expects U.S. meatpacking plants to fully resume operations within a week to 10 days, during a meeting with President Donald Trump and Iowa Gov. Kim Reynolds.
Oil Slides With Glut Concerns Eclipsing Demand Recovery
Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.
Earnings Calls Study Shows Companies More Worried Than in 2008
The once-in-a-century pandemic has unleashed financing fears all over Corporate America that far exceed the 2008 crisis, as executives prep for fresh economic and market pain.
Auto-State Lawmakers Mobilize Push to Help Revive Car Industry
A bipartisan group of House lawmakers from states with a large auto industry presence is mounting a push to aid the sector that has idled factories and seen car sales plummet due to the coronavirus.
IMF: World Needs Two-Decade, $20 Trillion Investment
The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green technology.
Uber to Reduce Workforce by 14%, Signals Further Cuts
Uber Technologies Inc. will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures to be announced in the next two weeks as a response to the coronavirus pandemic.
Volvo Says Virus Won’t Slow Its Rollout of Self-Driving Car Tech
Volvo Car AB is grappling with plant shutdowns and layoffs, but one thing it’s not doing amid the fallout from the coronavirus pandemic is pumping the brakes on autonomous driving development.
Illinois DOT, Volunteers to Offer Free Meals to Truckers
The Illinois DOT is partnering with organizations to provide free meals to commercial motor vehicle operators as a gesture of appreciation to truck drivers during the COVID-19 pandemic.