Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.
May 7, 2020Search
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Oil Jumps After Saudi Arabia Raises Prices to Boost Recovery
Oil surged after Saudi Arabia raised prices for its crude globally.
May 7, 2020FCC Opens Wi-Fi Access to Aid Coronavirus Response
The Federal Communications Commission temporarily allowed broadband interests expanded access to the 5.9 GHz spectrum to battle the coronavirus pandemic.
May 7, 2020Agriculture Secretary Says Meatpacking Plants Should Reopen Within 10 Days
U.S. Agriculture Secretary Sonny Perdue said he expects U.S. meatpacking plants to fully resume operations within a week to 10 days, during a meeting with President Donald Trump and Iowa Gov. Kim Reynolds.
May 6, 2020Senate Committee Approves Water Infrastructure Measures
A bill that would authorize projects at ports and another one that would promote access to safe drinking water were easily approved by the Senate Environment and Public Works Committee on May 6
May 6, 2020Earnings Calls Study Shows Companies More Worried Than in 2008
The once-in-a-century pandemic has unleashed financing fears all over Corporate America that far exceed the 2008 crisis, as executives prep for fresh economic and market pain.
May 6, 2020Auto-State Lawmakers Mobilize Push to Help Revive Car Industry
A bipartisan group of House lawmakers from states with a large auto industry presence is mounting a push to aid the sector that has idled factories and seen car sales plummet due to the coronavirus.
May 6, 2020IMF: World Needs Two-Decade, $20 Trillion Investment
The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green technology.
May 6, 2020NHTSA Forecasts Slight Increase in Truck Crash Fatalities for 2019
Fatalities in crashes involving at least one large truck are projected to have increased by 1% in 2019, while overall traffic fatalities are projected to see a decline, according to National Highway Traffic Safety Administration estimates.
May 6, 2020Illinois DOT, Volunteers to Offer Free Meals to Truckers
The Illinois DOT is partnering with organizations to provide free meals to commercial motor vehicle operators as a gesture of appreciation to truck drivers during the COVID-19 pandemic.
May 5, 2020