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The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

As capacity tightens in the trucking industry, some carriers are beginning to announce pay hikes, and some industry watchers would not be surprised to see more hikes.

Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.

Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on the morning of Oct. 7 after President Donald Trump pulled his negotiators from broader stimulus talks.

The U.S. trade deficit widened in August to the largest since 2006 as the nation imported a record amount of consumer goods amid a pickup in demand ahead of the holiday shopping season.

President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery.

Economic aid for a federal loan program for small businesses and for the airline industry, including cargo carriers, garnered the support of President Donald Trump.

Boeing Co. sees a turbulent ride ahead for the world’s jetliner market, with sales contracting sharply this decade before eventually rebounding in the 2030s as new models and technologies spur growth.

Federal Reserve Chair Jerome Powell warned of a weak U.S. recovery without sufficient government aid and said providing too much stimulus wouldn’t be a problem.

U.S. job openings declined in August for the first time in four months, pointing to a moderation in pace of hiring as the pandemic drags on.