Coronavirus
Mnuchin Says US Can’t Shut Economy Even if Virus Resurges
Treasury Secretary Steven Mnuchin said the U.S. shouldn’t shut down the economy again even if there is another surge in coronavirus cases.
US Business Debt Soars by Record on Bond Issuance, Loans
U.S. nonfinancial business debt soared in the first quarter by the most in records back to 1952, as bank loans and corporate bond issuance jumped in companies’ all-out effort to stay liquid during the coronavirus pandemic.
Boeing, Suppliers Plunge on Stop-And-Go 737 Max Comeback
Shares of Boeing Co. and its largest suppliers sank June 11 after the planemaker pared output plans for its beleaguered 737 Max just two weeks after restarting work in its Seattle-area factory.
Jobless Claims Extend Gradual Decline, Remain Elevated
Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic.
Disaster Management Expert Emphasizes Flexibility, Communication
Managing crises such as the coronavirus pandemic requires communication, planning and flexibility, said Ed Emmett, senior fellow at Rice University’s Kinder Institute for Urban Research.
Fed Sees Interest Rates Near Zero Through 2022
The Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near zero through 2022, as Chairman Jerome Powell committed the central bank to using all its tools to help the economy recover from the coronavirus.
Class 8 Sales in May Fall to Lowest Point Since 2011
U.S. Class 8 retail sales in May tumbled 62.5% — during the heart of the novel coronavirus pandemic — to just above 9,000 compared with a year earlier, WardsAuto.com reported.
What the New Normal for Trucking Will Be Remains a Question
Trucking companies continue to navigate the coronavirus pandemic, but what the new normal will be remains a mystery.
Booming Business: Pigs Flying to China in 747 Jumbo Jets
The coronavirus has wreaked havoc on commercial aviation, but Alexey Isaykin’s cargo carrier has been fully loaded.
Ford Sees Plants Resuming Pre-Virus Production Within Weeks
Ford Motor Co. expects its U.S. plants will come all the way back from coronavirus-related shutdowns within the next month, a top executive said.