Coronavirus
US Job Openings Increased in July by More Than Forecast
A client stands outside a job center in Pearly, Miss., on Aug. 31. (Rogelio V. Solis/Associated Press)
U.S. job openings increased for a third straight month in July, consistent with a steady improvement in the labor market as the nation grinds its way forward from a pandemic-induced recession.
September 9, 2020US Stocks Sink to 4-Week Low in Latest Tech Rout
U.S. stocks sank on Sept. 8 to a four-week low. (Spencer Platt/Getty Images via Bloomberg News)
The selloff in U.S. technology shares picked up speed as investors fled the high fliers who fueled the historic five-month rally from the pandemic lows. Oil plunged, while Treasuries rose with the dollar.
September 8, 2020McConnell Plans Vote on Relief Plan That Pelosi Calls ‘Fraudulent’
Senate Majority Leader Mitch McConnell is hoping to break the logjam on a new stimulus bill this week. (Stefani Reynolds/Bloomberg News)
Congressional leaders hardened their battle lines on additional fiscal stimulus on Sept. 8, with House Speaker Nancy Pelosi labeling Republican Senate Majority Leader Mitch McConnell’s proposal for a slimmed-down package “fraudulent.”
September 8, 2020COVID-19 Pushes Industry to Implement New Accounting, Bookkeeping Methods
grandriver/Getty Images
COVID-19 has created challenges throughout the trucking industry, but it also has created opportunities, especially when it comes to fleets’ accounting processes.
September 8, 2020Oil Sinks With Equities on Wavering Hopes for Demand Pickup
(Andrey Rudakov/Bloomberg News)
Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.
September 4, 2020Unemployment Rate Drops by More Than Expected to 8.4%
An employee sanitizes the credit card machine at a store in Oak Park, Mich. (Emily Elconin/Bloomberg News)
The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.
September 4, 2020Tech Rout Sends Stock Market to Biggest Loss Since June
(Mark Lennihan/Associated Press)
Wall Street’s euphoria took a break Sept. 3, as steep losses in technology stocks dragged the rest of the market down with them.
September 3, 2020Trucking Surges as Capacity Tightens Amid Continued Pandemic
A woman shops for plants in Reston, Va. Certain sectors of trucking have been boosted by consumers purchasing items such as home improvement goods. (Andrew Harrer/Bloomberg News)
More than six months into the COVID-19 pandemic the trucking industry’s health is stronger than the U.S. economy, as segments used in final-mile delivery, e-commerce, and deliveries to grocery stores and hospitals thrive.
September 3, 2020FedEx to Increase Peak Hiring 27% for ‘Unprecedented’ Season
A FedEx delivery truck is unloaded. (Neill Cooper/Bloomberg News)
FedEx Corp. plans to hire about 70,000 seasonal workers to handle the holiday surge of packages, a 27% increase from last year’s peak, in what is expected to be an unprecedented level of delivery demand.
September 3, 2020US Trade Deficit Surges in July to Highest in 12 Years
Cranes take containers off a Yang Ming Marine Transport ship at the Port of Tacoma in Washington. (Ted S. Warren/Associated Press)
The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.
September 3, 2020