Coronavirus
Hurricane Laura Set to Slam US Energy Coast
Workers board up windows in New Orleans' French Quarter on Aug. 23 in anticipation of hurricanes Marco and Laura.
Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of COVID-19.
August 25, 2020Seven-Day Virus Disinfectant Cleared for American Air Jets
An American Airlines plane departs Reagan National Airport in Virginia on April 6. The company was granted emergency approval to begin deploying a new disinfectant to kill the coronavirus. (Andrew Harrer/Bloomberg New)
The Trump administration on Aug. 24 gave American Airlines Group Inc. emergency approval to deploy a new weapon against COVID-19: a surface coating that kills coronaviruses for as many as seven days.
August 24, 2020Oil Set for Weekly Drop in Wake of Sluggish Global Economies
Oil pumping jacks operate in a Russian oilfield on Aug. 16. (Andrey Rudakov/Bloomberg News)
Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.
August 21, 2020Deere Raises Outlook With Farm Demand Cushioning Downturn
A Deere & Co. combine harvester is used to harvest wheat in Kirkland, Ill., on July 17. (Daniel Acker/Bloomberg News)
Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an “uncertain” market due to the coronavirus pandemic.
August 21, 2020American Airlines to Drop Flights to 15 Cities in October
Travelers wear masks as they wait at the American Airlines ticket counter in Terminal 3 at O'Hare International Airport in Chicago, on June 16, 2020. (Nam Y. Huh/Associated Press)
American Airlines will drop flights to 15 smaller U.S. cities in October when a federal requirement to serve those communities ends.
August 20, 2020Jobless Claims Unexpectedly Increase to More Than 1 Million
A customer wears a mask inside a boardwalk shop in Ocean City, N.J. on Aug. 1. (Gabby Jones/Bloomberg News)
Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery.
August 20, 2020Fed Minutes Note Consumer Spending Rebound, Uncertainty
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C. (Andrew Harrer/Bloomberg News)
U.S. central bankers noted the rebound in consumer spending at their last meeting but repeated their view that the path of the recovery would depend on containment of the virus.
August 19, 2020World’s Largest Offshore Rig Owner Valaris Goes Bankrupt
(Jason Alden/Bloomberg News)
Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Aug. 19 as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.
August 19, 2020The Coronavirus Crisis
The spread of the coronavirus in the United States was having an impact on travel, business, the economy and many other aspects of American life. Here are some images of that impact.
August 19, 2020Maersk Lifts Profit Outlook in Sign of Pandemic Resilience
Shipping containers sit stacked on the Maersk Gairloch container ship.(Chris Ratcliffe/Bloomberg News)
The world’s largest container line may generate $1.5 billion more in operating profit this year than previously expected, as its business proves resilient to the COVID-19 crisis.
August 19, 2020