Uber Technologies Inc. is trying to duck a California lawsuit that threatens to upend its business model — by pointing a finger at Lyft Inc.
July 16, 2020Search
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Number of Laid-Off Workers Seeking Jobless Aid Stuck at 1.3 Million
The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
July 16, 2020ATA Lauds Trump’s Environmental Permitting Reforms
President Donald Trump’s push to advance infrastructure projects through environmental permitting changes earned broad support across the freight industry.
July 15, 2020Fed Survey Shows Tepid Recovery in Early July
Optimism about a nascent recovery in the U.S. economy was dampened by increased uncertainty over the path of the coronavirus, according to a new report from the Federal Reserve.
July 15, 2020Oil Jumps After Trump Leans Against Further Chinese Sanctions
Oil jumped to a four-month high after President Donald Trump indicated that he doesn’t want to add more sanctions against Chinese officials for now in a move to diffuse tensions with Beijing.
July 15, 2020Economic Recovery Threatened by COVID-19 Resurgence, Experts Say
The U.S. economy, which had begun to improve, is now in jeopardy of stalling amid rising cases of COVID-19 infections.
July 15, 2020Texas County Gives Thumbs Up to Tesla Factory Tax Break
The prospect of a Tesla Inc. factory in the Austin, Texas, area has moved a big step closer to reality, after Travis County commissioners on July 14 approved tax breaks the electric vehicle maker requested.
July 15, 2020Extension of Airline Payroll Aid Sought by Unions, Lawmakers
A bipartisan group of House lawmakers along with airline unions are calling for an extension of federal aid to prevent an expected wave of layoffs starting in October.
July 15, 2020US Industrial Output Surges by Most Since 1959 on Reopening
U.S. industrial production in June posted the largest monthly gain since 1959, indicating manufacturing is stirring to life after coronavirus-related shutdowns.
July 15, 2020Biden Touts Union Jobs in $2 Trillion Plan to Build Clean Energy
Joe Biden unveiled plans July 14 to spend $2 trillion galvanizing a clean energy economy, with ambitions to spur millions of union jobs building the wind turbines, sustainable homes and electric vehicles needed to rapidly throttle U.S. greenhouse gas emissions driving climate change.
July 14, 2020