Coronavirus News Updates

Government, Business, Safety

Is Density Related to COVID-19 Infection Rates? These Experts Say No

Density is not related to confirmed COVID-19 infection rates, according to a study from a team of public health and planning experts.

July 1, 2020
Business

Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring

Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic.

July 1, 2020
Business, Equipment, Logistics

Manufacturing Bounces Back in June on Reopenings

U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic.

July 1, 2020
Business, Logistics

Commodity Freighters Are Shrugging Off COVID-19 — For Now

The cost of moving commodities like coal and iron ore across the world’s oceans is surging as China lifts cargo purchases. Whether the rally will withstand the economic aftershocks of the coronavirus is a thornier question.

July 1, 2020
Government, Business, Fuel, Logistics

OPEC Cuts Output to Lowest Since 1991 as Virus Slams Oil Demand

OPEC slashed oil production to the lowest level since the Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again.

July 1, 2020
Business, Technology, Fuel

Tesla China Plant Might Have Come to the Rescue Last Quarter

Tesla Inc. endured a roughly seven-week shutdown of its most important car plant in the world last quarter, but its brand-new backup factory may have saved the day.

July 1, 2020
Government, Business, Fuel, Logistics

Saudi Oil Cuts Take Seven Supertankers a Day Off the Market

Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.

June 30, 2020
Government, Business

US Consumer Confidence Posts Biggest Increase Since Late 2011

U.S. consumer confidence rose in June by more than forecast as optimism increased amid business reopenings, though sentiment remained well below pre-pandemic levels.

June 30, 2020
Business, Technology, Logistics

Uber Reportedly in Talks to Buy Delivery Rival Postmates

Uber Technologies Inc. is in talks to purchase Postmates Inc., said a person familiar with the discussions, seeking to expand food delivery services in the U.S. and capitalize on a surge in orders during the coronavirus pandemic.

June 30, 2020
Government, Business, Safety, Fuel

Second Virus Wave Threatens US Oil Demand Again

After months of empty roads, lockdowns were easing, and people were getting behind the wheel again. Then the virus struck again.

June 29, 2020