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Government, Business, Fuel

Oil Poised for Worst Month Since March With Growing Curbs

An aerial view of workers operating a derrick in Russia. An aerial view of workers operating a derrick in Russia.(Bloomberg News)

Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.

Andres Guerra Luz | Bloomberg News
October 30, 2020
Government, Business, Technology

New House Bill Promotes Transportation Technologies

Road tech illustration Keattisak A/Getty Images

Legislation that aims to promote the adoption of new technologies throughout the country’s transportation networks was recently introduced in the U.S. House of Representatives.

Eugene Mulero | Senior Reporter
October 30, 2020
Government, Business

New York Officials Break Ground on Staten Island Expressway Project

Staten Island groundbreaking NYSDOT Commissioner Marie Therese Dominguez and the road crew constructing the auxiliary lane on a section of the westbound Staten Island Expressway. (NYCDOT via Twitter)

New York Gov. Andrew Cuomo recently announced that construction has begun on a project to create a continuous auxiliary lane on a portion of the Staten Island Expressway.

Eleanor Lamb | Staff Reporter
October 30, 2020
Government, Business, Technology

Rhode Island Trucking Company Owner Admits to Falsifying ELD Records

Rhode Island sign Grafissimo/Getty Images

The owner of a Rhode Island-based trucking company has admitted to falsifying service records for approximately 20 drivers.

Eleanor Lamb | Staff Reporter
October 30, 2020
Government, Business, Equipment

Defense Sales Brighten Allison Q3 Results

Allison Transmission worker An employee works the assembly line at an Allison Transmission manufacturing plant. (Allison Transmission)

Allison Transmission Holdings Inc. reported lower net income and revenue in the third quarter as its defense segment contributed higher sales.

Roger Gilroy | Senior Reporter
October 29, 2020
Government, Business

Pelosi Wants ‘Big’ Health Care, Infrastructure Push in 2021

Nancy Pelosi holds a news conference at the Capitol on Oct. 29. Speaker of the House Nancy Pelosi holds a news conference at the Capitol on Oct. 29. (J. Scott Applewhite/Associated Press)

House Speaker Nancy Pelosi is preparing a 2021 legislative agenda with two “great, big initiatives” — expanding health care access and rebuilding American infrastructure — that are longtime Democratic priorities aligned with Joe Biden’s platform and taking on fresh urgency in the COVID-19 crisis.

Lisa Mascaro | Associated Press
October 29, 2020
Government, Business, Safety

Zeta, Now Tropical Storm, Leaves Trail of Blackouts Across South

Waves crash over Lake Pontchartrain as Hurricane Zeta makes landfall on Oct. 28, in New Orleans, La. Waves crash over Lake Pontchartrain as Hurricane Zeta makes landfall on Oct. 28, in New Orleans. (Sandy Huffaker/Getty Images via Bloomberg News)

Tropical Storm Zeta is spinning across the U.S. South after walloping New Orleans, blacking out 1.9 million homes and businesses and leaving a trail of wreckage from Louisiana to North Carolina.

Brian K. Sullivan | Bloomberg News
October 29, 2020
Government, Business

Jobless Claims Decline More Than Forecast in Week Ending Oct. 24

A help wanted sign is displayed outside a car wash in Indianapolis. A help wanted sign is displayed outside a car wash in Indianapolis on Sept. 2. (Michael Conroy/Associated Press)

Applications for U.S. state unemployment benefits fell more than forecast last week, suggesting the labor market remains on the path of gradual improvement — while still far from its pre-pandemic health.

Olivia Rockeman | Bloomberg News
October 29, 2020
Government, Business

US Economy Expands at Record 33.1% Pace After COVID Plunge

A worker uses a forklift to move packages at a facility in Baltimore. A worker uses a forklift to move packages at a facility in Baltimore. (Andrew Harrer/Bloomberg News)

The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending — reversing much of the collapse stemming from coronavirus lockdowns.

Reade Pickert | Bloomberg News
October 29, 2020

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