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American Airlines Group will cut 19,000 workers once federal payroll aid expires Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand.

U.S. consumer confidence dropped in August to the lowest since 2014 as consumers soured on employment and business conditions, indicating Americans are becoming despondent amid persistently high joblessness.

Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of COVID-19.

The Trump administration on Aug. 24 gave American Airlines Group Inc. emergency approval to deploy a new weapon against COVID-19: a surface coating that kills coronaviruses for as many as seven days.

Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.

Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an “uncertain” market due to the coronavirus pandemic.

American Airlines will drop flights to 15 smaller U.S. cities in October when a federal requirement to serve those communities ends.

Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery.

U.S. central bankers noted the rebound in consumer spending at their last meeting but repeated their view that the path of the recovery would depend on containment of the virus.

Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Aug. 19 as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.