Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.
July 22, 2020Coronavirus News Updates
Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns
US Sales of Existing ºÚÁϳԹÏÍøs Jump 20% After 3-Month Slump
Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.
July 22, 2020Emptier Roads Not Resulting in Increase in Safety, Data Says
The COVID-19 pandemic has rendered U.S. roadways emptier and more lethal, according to preliminary data from the National Safety Council.
July 21, 2020Brent Crude Rises to Four-Month High on Recovery Hopes
Oil climbed to the highest level since early March in London on July 21 as hopes for an economic recovery from the coronavirus crisis lifted financial markets.
July 21, 2020United Airlines Eyes Mammoth Bay Area Job Cuts
United Airlines has issued a formal notice to state officials that the air carrier intends to chop more than 6,000 jobs at San Francisco International Airport.
July 20, 2020House Leaders Urge White House to Enhance Disaster Preparedness
With wildfire and hurricane season underway, a trio of top House Democrats called on the White House to update its plans for responding to natural disasters during the coronavirus pandemic.
July 20, 2020Southwest Air Says 28% of Workers Applied to Take Leave or Exit
Southwest Airlines Co. said 28% of its workforce has agreed to leave the company permanently or temporarily, boosting the carrier’s effort to preserve cash.
July 20, 2020Oil Prices Tumble on Economic News, Cloudy Recovery
Oil prices recently tumbled as a resurgence in coronavirus cases and impending U.S. layoffs darken the economic outlook.
July 17, 2020Global Air Passenger Slump to Last Until 2023, Moody’s Says
Global airline passenger demand won’t recover to pre-coronavirus pandemic levels until the end of 2023, and only then if effective vaccines and medicines are available, according to Moody’s Investors Service.
July 17, 2020Trailer Makers Anticipate Rebound After Fleets Recover From Pandemic
The trailer industry was forced to make further production cuts and alter manufacturing processes as the coronavirus pandemic took hold.
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