ºÚÁϳԹÏÍø

The world’s largest container line may generate $1.5 billion more in operating profit this year than previously expected, as its business proves resilient to the COVID-19 crisis.

Three more Democratic-led states announced they will take legal action to protect the U.S. Postal Service and mail-in voting as the Trump administration faces claims it is trying to undermine the election.

U.S. home construction starts increased in July by more than forecast and applications to build surged by the most in three decades, indicating builders are responding to robust housing demand fueled by record-low interest rates.

Oil fell below $42 a barrel in New York as OPEC+ gathered to assess its supply deal, with countries struggling to contain the virus that has hurt economies and fuel demand globally.

Oil is poised to post a second straight weekly gain, buoyed by an improving global economic picture and rising U.S. gasoline demand.

American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.

The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery.

Stakeholders representing the country’s freight and passenger transportation interests have ramped up calls for pandemic-related emergency aid as White House and congressional negotiators appear to have reached an impasse this month.

President Donald Trump raised a new obstacle in the completion of a deal on a coronavirus-relief package Aug. 13 by drawing a hard line against a Democratic plan for shoring up the U.S. Postal Service, adding his unsupported claim that more mail-in voting in the November election would increase fraud.

The number of Americans applying for unemployment benefits fell below 1 million for the first time since the pandemic began in March, suggesting the economic recovery is gaining some traction amid a deceleration in coronavirus infections.