Government, Business

White House Telegraphs Willingness to Increase Stimulus Offer

The White House strongly signaled Sept. 16 that it is willing to increase its offer in talks with Democrats and that Senate Republicans should go along in order to seal a stimulus deal in the next week to 10 days.

September 16, 2020
Government, Business, Equipment, Logistics

US Removes Canada Aluminum Tariffs Amid Retaliation Threat

The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.

September 15, 2020
Government, Business, Fuel, Logistics

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
Business, Logistics

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, 2020
Business, Technology, Fuel, Logistics

GM to Double Down on China After Tesla Grabs EV Lead

General Motors Co. is accelerating its push into the fast-growing electric-car segment in China, the world’s largest market, seeking to challenge sales leader Tesla Inc. and a slew of local contenders.

August 19, 2020
Government, Business, Safety, Logistics

Labor Abuse Allegations Tie Up Ships in Australia Ports

Australian authorities detained at least two cargo ships for alleged labor violations related to demands from seafarers to be sent home, some of whom have spent more than a year at sea.

August 12, 2020
Government, Business

Mnuchin Says Trump to Take Executive Action as Stimulus Talks Stall

Treasury Secretary Steven Mnuchin said he’ll recommend President Donald Trump move ahead with executive action on unemployment aid, evictions and student loans after another round of negotiations with Democrats on a virus relief plan ended without any agreement.

August 7, 2020
Government, Business

White House, Democrats Locked in Standoff as Deal Deadline Looms

The White House and congressional Democrats are locked in a standoff over the size and breadth of a new virus relief package, with their self-imposed Aug. 7 deadline for a deal looming.

August 6, 2020
Government, Business, Safety

Meadows Says Democrats Rebuff White House on Stopgap Jobless Aid

White House Chief of Staff Mark Meadows said Democrats rebuffed multiple proposals from the Trump administration to extend lapsing supplemental unemployment benefits and have continued to raise the ante in talks on a stimulus package to bolster a U.S. economy hobbled by the coronavirus pandemic.

July 31, 2020
Government, Business, Technology

Tech Leads Stock Rebound From Lows Amid Earnings

Stocks pared losses as a rally in big technology companies tempered concern over a slow economic rebound. After the close of regular trading, Apple Inc., Amazon .com Inc., Alphabet Inc. and Facebook Inc. jumped as results crushed Wall Street estimates.

July 30, 2020