Government, Business, Fuel

Oil Slips With Renewed Virus Restrictions Sapping Rebound

Oil storage tanks stand in Cushing, Okla. Oil storage tanks stand in Cushing, Okla. (Daniel Acker/Bloomberg News)

Oil slipped as nations reimposed tighter lockdown restrictions in hopes of containing a resurgent pandemic that is depressing demand.

October 20, 2020
Business, Technology, Logistics

RK Logistics Accelerates Silicon Valley Expansion Plans

RK Logistics Group is accelerating its expansion into Silicon Valley with new facilities, company leadership detailed Oct. 19.

October 20, 2020
Government, Business

Stimulus Nears Election Endgame on Pelosi Deadline, Senate Vote

Treasury Secretary Steven Mnuchin, who's on a trip to the Middle East, will speak on the phone with Nancy Pelosi on Oct. 20. Treasury Secretary Steven Mnuchin, who's on a trip to the Middle East, will speak on the phone with Nancy Pelosi on Oct. 20. (Oliver Contreras/Bloomberg News)

After months of on-again, off-again talks on an increasingly needed fiscal-stimulus package, Oct. 20 is shaping up as a do-or-die moment for Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi to get a virus relief deal done in time for Election Day.

Billy House and Erik Wasson | Bloomberg News
October 20, 2020
Business

US Air Passengers Exceed 1 Million for First Time Since March

Travelers board a flight in San Francisco on Oct. 15. Travelers board a flight in San Francisco on Oct. 15. (David Paul Morris/Bloomberg News)

The virus-ravaged airline industry reached a milestone Oct. 18, carrying more than 1 million passengers for the first time in seven months.

Alan Levin | Bloomberg News
October 19, 2020
Government, Business

Pelosi, Mnuchin to Talk Fiscal Stimulus Again

House Speaker Nancy Pelosi speaks during a conference at the U.S. Capitol on Oct. 8. House Speaker Nancy Pelosi speaks during a conference at the U.S. Capitol on Oct. 8. (Stefani Reynolds/Bloomberg News)

Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi will hold a call the afternoon of Oct. 19 on a fiscal-stimulus package, a day before Pelosi’s deadline for a pre-election package expires.

Billy House | Bloomberg News
October 19, 2020
Government, Business

COVID-19 Relief Bill on Senate Floor Week of Oct.19, McConnell Says

Mitch McConnell Senate Majority Leader Mitch McConnell speaks to reporters after casting his vote in Louisville, Ky., on Oct. 15. (Timothy D. Easley/AP)

An emergency funding measure aimed at small businesses and sectors affected by the pandemic is expected to reach the floor of the U.S. Senate the week of Oct. 19, the chamber’s leader recently indicated.

Eugene Mulero | Senior Reporter
October 15, 2020
Business, Fuel

US Oil Production Has Already Passed Its Peak, Occidental Says

The silhouette of a contractor is seen walking up stairs at an oil rig site in Colorado. (Jamie Schwaberow/Bloomberg News)

America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.

Kevin Crowley | Bloomberg News
October 14, 2020
Government, Business

Stimulus Chances Fading as Mnuchin Cites Political Reality

Treasury Secretary Steven Mnuchin said the chances of a stimulus bill before the election were dimming. Treasury Secretary Steven Mnuchin on Oct. 14 said the chances of a stimulus bill before the election were dimming. (Drew Angerer/Bloomberg News)

The chances for a preelection stimulus for the U.S. economy from Congress are all but over, with Treasury Secretary Steven Mnuchin on Oct. 14 pointing to political dynamics undermining the monthslong negotiations.

Billy House | Bloomberg News
October 14, 2020
Government, Business, Logistics

Vaccine Cargo Cavalry Sizes Up Readiness of Historic Airlift

An inside view of a Boeing 747 cargo jet hull. An inside view of a Boeing 747 cargo jet hull. (Luke Sharrett/Bloomberg News)

The medical industry’s dash to produce the world’s first coronavirus vaccines in just a few months is heightening the urgency for the workhorses of global trade to be ready for the historic charge to defeat the disease.

Brendan Murray | Bloomberg News
October 14, 2020
Business, Safety

Nearly 1,000 Boeing Plane Orders Are Lost or in Doubt

A plane image is seen on the outside of Boeing's facility in Everett, Wash. (David Ryder/Bloomberg News)

Boeing Co. is nearing 1,000 scrapped or impaired jetliner orders this year, failing to notch any sales in September, as the long 737 Max grounding and the coronavirus pandemic extended their toll.

Julie Johnsson | Bloomberg News
October 13, 2020

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