Coronavirus
Vital World Trade Route Roiled by Container Crunch
The humble shipping container has a new status in the COVID-19 pandemic: hot commodity.
Stocks Surge to All-Time Highs on Vaccine Optimism
Stocks surged around the world and bonds tumbled after a large-scale coronavirus vaccine study delivered the most-promising results in the battle against the worst pandemic in a century.
Southwest Warns Workers of First Layoffs in Company History
Southwest Airlines Co. issued notices for what could be the first involuntary furloughs in its 49-year history, after a union declined to discuss concessions aimed at cutting payroll costs.
Labor Market Extends Gains, Jobless Rate Declines to 6.9%
The U.S. labor market strengthened in October, defying expectations for more subdued gains amid an intensifying pandemic and lack of additional fiscal relief.
751,000 Seek US Jobless Benefits as Virus Weighs on Economy
The number of Americans seeking unemployment benefits fell slightly last week to 751,000, a still-historically high level that shows that many employers keep cutting jobs in the face of the accelerating pandemic.
VW CEO Diess Says Existential Electric Race Awaits After Pandemic
Volkswagen AG CEO Herbert Diess vowed to pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.
November 5, 2020OPEC+ Inches Closer to Delaying Output Hike After Russian Talks
OPEC+ inched closer to delaying its January output increase, with Russia actively discussing keeping its current curbs for an extra three months as oil markets weaken.
November 2, 2020US Manufacturing Gauge Expands at Fastest Pace Since 2018
U.S. manufacturing expanded in October at the fastest pace in more than two years, fueled by the strongest orders growth since early 2004 and a pickup in employment.
Oil Poised for Worst Month Since March With Growing Curbs
Oil headed for its biggest monthly drop since March as renewed lockdown measures to contain the coronavirus threatened to upend a shaky demand recovery.
Exxon Warns of $30 Billion Shale Writedown Amid Record Loss
Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.