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Durable Goods Orders Unexpectedly Accelerate in July

U.S. orders for durable goods rose in July by more than double estimates amid a continued surge in automobile demand, indicating factories will help support the economic rebound in coming months.

August 26, 2020

American Airlines Expects 19,000 Job Cuts Once Payroll Aid Ends

American Airlines Group will cut 19,000 workers once federal payroll aid expires Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand.

August 25, 2020

New York, New Jersey Sue Trump, DeJoy Over USPS Service Changes

New York and New Jersey sued President Donald Trump and Postmaster General Louis DeJoy over major changes to postal service operations that the states fear will hinder mail-in voting during the November election.

August 25, 2020

Trump Touts Infrastructure Permitting Reforms

The administration’s recent aim at advancing infrastructure projects through environmental permitting changes was touted by President Donald Trump.

August 25, 2020

DOT Announces Funding Availability for Rail Crossing Projects

The U.S. Department of Transportation has made available $50 million in grant funding to commuter rail agencies that are conducting projects to improve safety at railway-highway crossings.

August 25, 2020

Gasoline Rises to Five-Month High on US Gulf Hurricane Threat

Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home to the nation’s greatest concentration of refining capacity.

August 25, 2020

11 More Indicted in Staged Accidents With Trucks in New Orleans

A federal grand jury in New Orleans has returned a second round of indictments in an ongoing investigation of individuals staging automobile accidents with tractor-trailers, charging 11 people on seven fraud counts in connection with two incidents from 2017.

August 25, 2020

US Consumer Confidence Slumps to Six-Year Low on Job Views

U.S. consumer confidence dropped in August to the lowest since 2014 as consumers soured on employment and business conditions, indicating Americans are becoming despondent amid persistently high joblessness.

August 25, 2020

Hurricane Laura Set to Slam US Energy Coast

Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of COVID-19.

August 25, 2020

Diesel Price’s Virtual Holding Pattern Continues

For the second week in a row, the price of diesel remained essentially flat compared with the prior week, dipping just one-tenth of a cent to $2.426 a gallon, the Energy Information Administration reported Aug. 24.

August 24, 2020