Coronavirus
United Air Says 36,000 US Jobs at Risk Once Aid Ends
United Airlines Holdings Inc. notified 36,000 employees, or 45% of its U.S. workforce, that their jobs are at risk after federal payroll aid expires at the end of September.
Oil’s Recovery Capped by Stubborn US Crude Glut, Dour Demand
Oil’s recent rally has hit a ceiling, with U.S. crude inventories holding near a record high and gasoline demand still at the weakest seasonal level in more than 20 years.
Mexican President Lopez Obrador to Meet With Trump on USMCA
Mexican President Andres Manuel Lopez Obrador will on July 8 hold talks with his U.S. counterpart Donald Trump during a working visit aimed at marking the launch of the new North American trade agreement, the U.S.-Mexico-Canada Agreement.
World’s Supply Chain Managers Bask in Their Extended Moment
Accustomed to crunch time and performing in a crisis, the world’s supply chain managers are having something of an extended moment in pandemic recovery mode.
Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon
Daimler AG CEO Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signaled demand for cars and trucks has started to recover from the most dramatic slump in decades.
How America Is Thanking Truckers During the Coronavirus Crisis
As America grapples with the coronavirus and daily life is altered, the nation's truck drivers are among those who are risking their personal health and doing the hard work to keep products moving. And their effort is being recognized. Here are some examples.
July 8, 2020Biden Promises to Bolster US Medical Equipment Supply Chain
Joe Biden is promising to shift production of medical equipment and other key pandemic-fighting products “back to U.S. soil,” creating jobs and bolstering a domestic supply chain he says has been exposed as inadequate and vulnerable by the coronavirus outbreak.
White House Wants Stimulus by August Recess With $1 Trillion Cap
The White House wants Congress to pass another stimulus package by the first week in August, before lawmakers head home for their annual summer recess, and to keep the cost at $1 trillion or less, according to Vice President Mike Pence’s top aide.
Electric Vehicles Are Starting to Buoy the Global Metals Market
The market gloom over the metals that will power the cars of the future is starting to lift.
McConnell Expects New Virus Relief Bill by End of Month
Senate Majority Leader Mitch McConnell predicted Congress will pass one final coronavirus rescue package later this month and appealed to everyone in public life to urge people to wear masks to control the spread.