Government, Business, Logistics

Retail Sales Rise for 4th Straight Month as Growth Slows

Retail growth slowed in August. Signage is displayed outside a Century 21 department store in New York on Sept. 14. The company filed for bankruptcy with plans to shut down. (Michael Nagle/Bloomberg News)

Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600-a-week boost in their unemployment checks.

Joseph Pisani | Associated Press
September 16, 2020
Government, Business, Safety

Pelosi: House to Stay in Session Until COVID-19 Rescue Deal

House Speaker Nancy Pelosi walks to her office on Capitol Hill on Sept. 14. House Speaker Nancy Pelosi walks to her Capitol Hill office on Sept. 14. (Jacquelyn Martin/Associated Press)

Speaker Nancy Pelosi said Sept. 15 the House will remain in session until lawmakers deliver another round of COVID-19 relief, a move that came as Democrats from swing districts signaled discontent with a standoff that could force them to face voters without delivering more aid.

Andrew Taylor | Associated Press
September 15, 2020
Government, Business, Logistics

Industrial Production Growth Slows, Up 0.4% in August

Industrial production rose a modest 0.4% in August. Ford Motor line workers put together ventilators at the Ford Motor Rawsonville plant in Ypsilanti Township, Mich., in May. (Carlos Osorio/Associated Press)

U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounceback recorded in previous months when factories were coming back to life.

Martin Crutsinger | Associated Press
September 15, 2020
Government, Business

House Aims to Pass Stopgap Government-Funding Bill Week of Sept. 21

U.S. House Majority Leader Steny Hoyer said the House would look to pass a stopgap bill next week. U.S. House Majority Leader Steny Hoyer said the House would look to pass a stopgap bill next week. (Al Drago/Bloomberg News)

The House is aiming to vote the week of Sept. 21 on a stopgap spending bill to keep the government open when the fiscal year ends Oct. 1, Majority Leader Steny Hoyer said.

Erik Wasson | Bloomberg News
September 14, 2020
Government, Business

Major Companies Reject Trump's Payroll Tax Deferral

Employees work in the bakery department of a Costco store in San Francisco. Employees work in the bakery department of a Costco store in San Francisco. (David Paul Morris/Bloomberg News)

A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic.

September 11, 2020
Government, Business, Fuel, Logistics

Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near

Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22. Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22.(Tim Rue/Bloomberg News)

Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for monthslong charters so that they can be ready to store excess barrels if necessary.

September 11, 2020
Government, Business, Technology

US Stocks Resume Sell-off With Tech Battered Anew

Stocks resumed their sell-off today as tech stocks dropped. (Soichiro Koriyama/Bloomberg News)

A fresh sell-off in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations stretched too far in a five-month rally. Treasuries rose with the dollar.

September 10, 2020
Government, Business, Safety

Doomed-to-Fail Senate Vote Will Usher Final Scene on Stimulus

Mitch McConnell speaks during a news conference on Capitol Hill on Sept. 9. Mitch McConnell speaks during a news conference on Capitol Hill on Sept. 9. (Stefani Reynolds/Bloomberg News)

The U.S. Senate is poised to vote Sept. 10 on whether to advance a slimmed-down Republican-crafted pandemic relief bill, opening what’s likely to be the final stage of the monthslong partisan battle over fiscal stimulus.

Laura Litvan and Erik Wasson | Bloomberg News
September 10, 2020
Government, Business

Job Losses Persist as Claims Come in Higher Than Forecast

Initial jobless claims came in higher than forecasted on Sept. 10. A worker cleans a plexiglass shield at a pizza restaurant in San Francisco. (David Paul Morris/Bloomberg News)

Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus.

Reade Pickert | Bloomberg News
September 10, 2020
Government, Business, Fuel, Logistics

Oil Market Buckles Under Pressure of Pandemic’s Second Wave

Gas flares from pipes burn aboard an offshore platform in the Persian Gulf's Salmon Oil Field. Gas flares from pipes burn aboard an offshore platform in the Persian Gulf's Salmon Oil Field. (Ali Mohammadi/Bloomberg News)

Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.

September 9, 2020

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