Coronavirus
Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout
Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual oil demand in history.
Amazon Glitch Stymies Whole Foods, Grocery Deliveries
Amazon .com Inc. suffered a technical glitch March 15 that affected online grocery orders through its Whole Foods and Amazon Fresh delivery services, which have become lifelines for household essentials for people looking to avoid stores due to the coronavirus outbreak.
VW Faces Production Snarls as Virus Pandemic Hits Car Factories
Volkswagen AG’s sprawling operations in Europe are starting to feel the effects of the coronavirus pandemic, as the German carmaker joined peers such as Fiat Chrysler Automobiles NV in winding down output at some of its factories.
Amazon Warns of Delivery Delays as Coronavirus Elevates Demand
Online retail giant Amazon.com Inc. is warning its customers may see some delivery delays, and some items could be out of stock as the impact from the coronavirus spreads across the country. The company says the increase in people buying things online is having an effect on how it serves its customers.
Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero
U.S. stock futures tumbled, wiping out half of the furious last-hour rally March 13 and tripping exchange trading curbs, as investors worried that emergency measures by the Federal Reserve will fall short of cushioning the coronavirus’ blows to the economy.
March 15, 2020Economists Eye Possible Recession Caused by Coronavirus
Economists and other experts who watch the U.S. economy on a minute-by-minute basis are now suggesting, some loudly, that the nation is lurching towards a recession, as the coronavirus damages the economy.
Trump Orders US to Stock Up Oil Reserve After Price Crash
President Donald Trump ordered U.S. energy officials to purchase “large amounts” of oil to fill up the nation’s emergency reserve after the biggest price crash in a generation.
March 14, 2020US Will Extend Virus Travel Restrictions to UK, Ireland
President Donald Trump announced March 14 that the United States will broaden its European travel ban, adding Britain and Ireland to its list, and was considering imposing restrictions on travel within the U.S. to areas hit hard by the coronavirus spread
March 14, 2020House Passes Coronavirus Plan With Two-Week Paid Sick Leave, Free Testing
The United States House of Representatives passed a legislative package meant to provide relief to people who need assistance during the coronavirus outbreak.
FMCSA Issues HOS Relief for Coronavirus Assistance
The Federal Motor Carrier Safety Administration has relaxed certain hours-of-service regulations for motor carriers involved in coronavirus-related relief efforts.