Coronavirus News Updates

Government, Business

Job Losses Persist as Claims Come in Higher Than Forecast

Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus.

September 10, 2020
Government, Business, Fuel, Logistics

Oil Market Buckles Under Pressure of Pandemic’s Second Wave

Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.

September 9, 2020
Government, Business

US Job Openings Increased in July by More Than Forecast

U.S. job openings increased for a third straight month in July, consistent with a steady improvement in the labor market as the nation grinds its way forward from a pandemic-induced recession.

September 9, 2020
Government, Business

US Stocks Sink to 4-Week Low in Latest Tech Rout

The selloff in U.S. technology shares picked up speed as investors fled the high fliers who fueled the historic five-month rally from the pandemic lows. Oil plunged, while Treasuries rose with the dollar.

September 8, 2020
Government, Business, Safety

McConnell Plans Vote on Relief Plan That Pelosi Calls ‘Fraudulent’

Congressional leaders hardened their battle lines on additional fiscal stimulus on Sept. 8, with House Speaker Nancy Pelosi labeling Republican Senate Majority Leader Mitch McConnell’s proposal for a slimmed-down package “fraudulent.â€

September 8, 2020
Business, Technology

COVID-19 Pushes Industry to Implement New Accounting, Bookkeeping Methods

COVID-19 has created challenges throughout the trucking industry, but it also has created opportunities, especially when it comes to fleets’ accounting processes.

September 8, 2020
Government, Business, Fuel

Oil Sinks With Equities on Wavering Hopes for Demand Pickup

Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.

September 4, 2020
Government, Business, Safety

Unemployment Rate Drops by More Than Expected to 8.4%

The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.

September 4, 2020
Government, Business, Technology

Tech Rout Sends Stock Market to Biggest Loss Since June

Wall Street’s euphoria took a break Sept. 3, as steep losses in technology stocks dragged the rest of the market down with them.

September 3, 2020
Government, Business, Logistics

Trucking Surges as Capacity Tightens Amid Continued Pandemic

More than six months into the COVID-19 pandemic the trucking industry’s health is stronger than the U.S. economy, as segments used in final-mile delivery, e-commerce, and deliveries to grocery stores and hospitals thrive.

September 3, 2020