Coronavirus
Oil Has Best Day Ever After Trump Hints at Role in Price War
Oil surged the most ever in New York as the U.S. president said he could get involved in the standoff between Saudi Arabia and Russia that has rocked crude markets.
March 19, 2020Economists Warn of Coronavirus Impact on Business
Economists are warning that the sudden halt of business activity in the United States caused by the COVID-19 virus will take a serious toll on the economy in the months ahead, and may send the country into a recession.
US Warns Americans Against All Overseas Travel
The Trump administration has upgraded its already dire warning to Americans against all international travel as the coronavirus outbreak spreads.
Congress Prepares $1 Trillion Emergency Aid Package
Congressional leaders announced efforts to draft an economic stimulus package of up to $1 trillion meant to assist portions of the transportation sector, the supply chain and consumers anticipating financial turmoil as a result of the coronavirus pandemic.
Truck Stops, Travel Centers Open During Coronavirus Crisis
Most travel centers and truck stops nationwide are remaining open during the coronavirus pandemic but operate with restrictions ranging from disallowing sit-down food service to practicing social distancing precautions.
Surge in Shopping Puts Pressure on Labor, Supply Chain for Grocers
Consumer demand for food and household goods has surged with the continued spread of the novel coronavirus.
Contango in Full Swing for Crude Oil Market
Oil tankers are starting to drop anchor as traders start deploying the vessels to keep barrels at sea in the wake of the price plunge.
Tesla to Slash Workers Showing Up at Fremont Plant By Three-Quarters
Tesla, the Bay Area’s largest manufacturer, has greatly reduced the number of workers coming to its Fremont, Calif., assembly plant, though it’s not clear if the cutbacks put it in full compliance with health orders Alameda County and five other Bay Area counties imposed Monday to stem the spread of the coronavirus.
Automakers Shut North American Plants Outright Over COVID-19 Fears
Concerns about the spreading coronavirus forced most of North America’s auto plants to close, at least temporarily.
Cargo Container Availability Under Stress as Virus Goes Global
A shipping container shortage that has left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels.