Coronavirus
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.
Senate Clears Second Coronavirus Emergency Bill
The Senate on March 18 cleared for President Donald Trump a multibillion-dollar aid package targeting individuals affected by the coronavirus disease, known as COVID-19.
FMCSA Issues Expanded HOS Emergency Declaration
The Federal Motor Carrier Safety Administration on March 18 issued an expanded national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency supplies in response to the coronavirus outbreak.
Stocks Drop as Recession Fears Take Hold; Dow Loses 1,300
After a brutal few weeks, the Dow has now lost nearly all of its gains since President Donald Trump’s inauguration.
March 18, 2020Multiple Hits to Economy Likely to Trigger Recession, Analysis Shows
The U.S. economy amid the COVID-19 crisis is suffering under the weight of multiple factors, including lower consumer spending, falling business investment and global travel bans, according to a report from S&P Global Economics.
Oil Floating-Storage Trade Is a Go After Crude’s Latest Tumble
The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 recession when millions of barrels were kept on the world’s oceans.
March 18, 2020