Coronavirus News Updates

Government, Business, Safety

Boeing Loses 60 Max Jet Orders in June With Virus Crimping Buyers

Boeing Co.s order stockpile shrank further last month as airlines and lessors backed out of commitments for the grounded 737 Max jetliner in a market devastated by the coronavirus pandemic.

July 14, 2020
Government, Business, Fuel

OPEC Sees Demand for Its Crude Above Pre-Virus Levels in 2021

OPEC expects demand for its crude oil to rebound sharply next year, surpassing levels seen before the coronavirus crisis, as rival producers struggle to revive output.

July 14, 2020
Government, Business, Fuel

Spiking Cost of Gasoline Pushes June Consumer Prices Up 0.6%

U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.

July 14, 2020
Government, Safety

FMCSA Extends Emergency Relief Declaration to Aug. 14

The Federal Motor Carrier Safety Administration again extended its emergency relief declaration for truckers directly assisting with coronavirus-related efforts, this time to Aug. 14.

July 13, 2020
Government, Business, Fuel

Oil Falls on Signs OPEC+ Will Taper Cuts

Oil retreated before an OPEC+ committee meeting this week that may confirm the groups intention to taper production cuts even as the coronavirus surges in many countries, including the U.S.

July 13, 2020
Business

Southwest Says Flyer Numbers Need to Triple to Avoid Layoffs

Southwest Airlines Co. needs passenger numbers to triple by year-end if its going to avoid the carriers first ever involuntary job cuts, its chief executive officer said, even as rising coronavirus infections prompt some states to restrict travel.

July 13, 2020
Business, Equipment

Daimler May Need to Cut More Jobs Than Announced

Daimler AG will need to cut more jobs than the 15,000 previously announced, the companys head of human resources told German news agency DPA in an interview.

July 13, 2020
Government, Business, Safety, Logistics

Some Chinese Ports Are Jammed Again on Food Testing

Intensive testing of meat, seafood and other products for the coronavirus has tripled customs clearance times at some major Chinese ports, raising concerns the delays could ensnare global trade flows.

July 13, 2020
Business, Fuel

Crude Oil Pares Weekly Decline on Optimism Over Virus Treatment

Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market.

July 10, 2020
Government

Wicker, Bennet Introduce Infrastructure Bonds Bill

Legislation that would create certain direct-pay taxable municipal bonds as a way to finance public projects during the pandemic was recently introduced by two key senators.

July 10, 2020