Coronavirus News Updates

Business, Safety, Logistics

Amazon to Pay One-Time Bonuses of $500 to Most Logistics Workers

Amazon.com Inc., after complaints about ending pandemic hazard pay, will give one-time bonuses of $500 to most frontline workers.

June 29, 2020
Business, Fuel

Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices

Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.

June 29, 2020
Government, Business, Safety

American Air to Book Jets to Capacity, Shelve Social Distancing

American Airlines Group Inc. said it would sell flights to capacity starting July 1, abandoning caps on passenger loads that were designed to promote social distancing amid the coronavirus pandemic.

June 26, 2020
Government, Business

Consumer Spending Up 8.2%, Partly Erasing Record Plunge

American consumers increased their spending by a record 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on record this quarter.

June 26, 2020
Government, Business, Safety, Logistics

Meat Shortages Reopen Costly Path to Small US Slaughterhouses

When coronavirus outbreaks forced shutdowns at America’s giant meat plants, it quickly created a bottleneck.

June 26, 2020
Government, Business, Fuel, Logistics

Oil Rises on Russian Export Cuts, Offsets Virus Demand Jitters

Oil prices rose after Russia slashed exports of its flagship crude Urals to the lowest in at least 10 years, signaling the determination of Moscow to work with its partners at OPEC+ to eliminate an oil glut.

June 25, 2020
Government, Business, Safety

Economy Recovering, but Experts Fear Rise in Coronavirus Cases

Experts are warning that signs of improvement in the U.S. economy could give way to another round of contractions as coronavirus cases increase in certain states.

June 25, 2020
Government, Business, Logistics

US May Exports Sink to 11-Year Low as Imports Drop

U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains.

June 25, 2020
Government, Business

US Initial Jobless Claims Worse Than Forecast for Second Week

The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases.

June 25, 2020
Government, Business, Safety, Logistics

China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal

China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus.

June 24, 2020