Coronavirus News Updates

Government, Business

Mitch McConnell Moves to Avoid US Shutdown With Spending Bills

Senate Republicans released 12 bills to fund the government through next September, the first move toward negotiations with House Democrats that will be vital to avoid a federal shutdown in December.

November 10, 2020
Business, Technology, Equipment, Safety, Fuel

COVID-19 Jolts Workhorse Production; Year-Over-Year Losses Widen

A COVID-19 outbreak has upended production at electric truck startup Workhorse Group as nearly 40% of the company’s factory workforce have become infected or exposed to the virus.

November 9, 2020
Government, Business, Logistics

Vital World Trade Route Roiled by Container Crunch

The humble shipping container has a new status in the COVID-19 pandemic: hot commodity.

November 9, 2020
Government, Business

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.

November 9, 2020
Business

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.

November 6, 2020
Government, Business

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.

November 6, 2020
Government, Business

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.

November 5, 2020
Government, Business, Technology, Fuel

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, 2020
Government, Business, Fuel

OPEC+ 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, 2020
Government, Business, Equipment

US 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.

November 2, 2020