Government, Business, Safety

Jobless Claims Give Mixed Picture With Shift in Adjustments

U.S. jobless claims gave a mixed picture of the market. A welder works on a semi-trailer frame at the Wabash National Corp. manufacturing facility in Indiana. (Luke Sharrett/Bloomberg News)

U.S. unemployment-claims figures gave a mixed picture of the labor market amid government changes to seasonal adjustments to account for distortions from the pandemic.

September 3, 2020
Business, Logistics

Airlines Are Removing Seats to Make Space for Cargo

Airlines are removing seats from passenger planes to make way for cargo shipments. A Sri Lankan Airlines worker in June gives final touches to an Airbus A330 passenger plane the company converted into a cargo carrier. (Ishara S. Kodikara/AFP via Getty Images)

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
Government, Business, Safety

Mitch McConnell Raises Doubts on New Stimulus

Mitch McConnell is raising doubts about another coronavirus stimulus bill. Senate Majority Leader Mitch McConnell pauses during a television interview on Aug. 11. (Stefani Reynolds/Bloomberg News)

Senate Majority Leader Mitch McConnell expressed doubts about whether Congress can get a deal on another pandemic relief package when lawmakers return to Washington after a monthlong recess, despite the Trump administration’s push for a quick, targeted stimulus.

September 2, 2020
Government, Business, Safety

Fed Survey Finds Pessimism About Economic Future

A new Federal Reserve survey found pessimism among businesses about their economic future. Federal Reserve Chairman Jerome Powell speaks during a Congressional hearing on Capitol Hill on June 30. (Bill O'Leary/The Washington Post via AP)

The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus.

Martin Crutsinger | Associated Press
September 2, 2020
Government, Business

United to Cut More Than 16,000 Jobs on Weak Travel Demand

United will cut more than 16,000 jobs next month. (Angus Mordant/Bloomberg News)

United Airlines Holdings Inc. will eliminate 16,370 jobs next month as the carrier shrinks operations in response to the steep decline for air travel demand amid the COVID-19 pandemic.

Justin Bachman | Bloomberg News
September 2, 2020
Business, Fuel

Oil Rises on Signs US Crude Stockpiles Fell for a Sixth Week

Signage is displayed outside an oil refinery in Kentucky. Signage is displayed outside an oil refinery in Kentucky on July 28. (Luke Sharrett/Bloomberg News)

Oil rose on signs a glut was easing with U.S. crude stockpiles shrinking for a sixth week.

September 2, 2020
Government, Business, Logistics

Global Trade Seen Rebounding Faster Now Than Post-2008 Recession

Global trade appears to be picking up faster than it did following the 2008 recession. Container ships stand illuminated at the Port of Hamburg in Germany on Aug. 5. (Alex Kraus/Bloomberg News)

Global trade is on course to recover more quickly from the coronavirus pandemic than after the 2008 financial crisis, according to Germany’s Kiel Institute for the World Economy.

Catherine Bosley | Bloomberg News
September 1, 2020
Business, Equipment, Fuel

Shale Loses Another Global Giant After Schlumberger’s Frack Sale

Schlumberger is abandoning its frack work in North America. (Bloomberg News)

Schlumberger has become the biggest oil service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs.

David Wethe | Bloomberg News
September 1, 2020
Government, Business, Equipment, Logistics

Manufacturing Expands at Fastest Pace Since Late 2018

A worker welds parts for a ballot drop box inside a manufacturing facility in Washington. A worker welds parts for a ballot drop box inside a manufacturing facility in Puyallup, Wash. (Chona Kasinger/Bloomberg News)

U.S. manufacturing expanded in August at the fastest pace since late 2018, powered by growth in new orders that are a bright spot in an otherwise struggling economy.

Katia Dmitrieva | Bloomberg News
September 1, 2020
Government, Business, Equipment

Ford Ends Ventilator Production After Making 50,000

Making ventilators at Ford factory Ford Motor Co. assemblyman Malcolm Brumwell puts together a ventilator at the automaker's Ford Rawsonville plant May 13, 2020, in Ypsilanti, Mich. (Carlos Osorio/Associated Press)

Ford is ending production of ventilators and returning the factory where they were built to full-time auto-parts output after completing delivering 50,000 ventilators to the government.

August 31, 2020