WASHINGTON — The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak.
March 12, 2020GovernmentBusinessTechnologyAutonomous
BMW Fourth-Quarter Profit Increases on Luxury-Car Sales
BMW AG finished 2019 with an increase in automotive profit on rising luxury-car sales as the German manufacturer faces a year mired in concerns over the coronavirus outbreak that threatens to shut down global supply chains.
March 12, 2020GovernmentBusiness
Oil Falls Further After Travel Ban Deals Blow to Demand
Oil headed for the biggest weekly decline since 2008 after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days in an attempt to contain the coronavirus, pummeling fuel demand.
March 12, 2020GovernmentBusinessTechnologyEquipmentFuel
China Auto Sales Plunge in February
BEIJING — China’s auto sales plunged 81.7% in February from a year ago after much of the economy was shut down to fight a virus outbreak, an industry group reported March 12.
March 12, 2020GovernmentBusiness
Trading Halted After Stocks Plunge 7% at Open
NEW YORK— The S&P 500 dropped about 7% within the first few minutes of trading March 12, steep enough to trigger an automatic halt to trading on the New York Stock Exchange.
March 12, 2020GovernmentBusinessTechnologySafetyAutonomous
Stakeholders’ Input Key to Shaping AV 4.0, Says USDOT Nominee Finch Fulton
WASHINGTON — Industry stakeholders will assist U.S. Department of Transportation officials in shaping their latest version of guidelines for autonomous vehicles, said Finch Fulton, nominee to become assistant secretary for transportation policy.
March 12, 2020GovernmentBusiness
Claims for Jobless Benefits Drop by 4,000
WASHINGTON — The number of Americans filing new claims for unemployment insurance fell last week for a second straight week, an indication that the coronavirus had not yet hit the labor market in a major way.
March 12, 2020GovernmentBusiness
US Wholesale Prices Fall 0.6%, Biggest Decline in Five Years
WASHINGTON — U.S. wholesale prices fell 0.6% in February, the biggest decline in five years, led by a sharp drop in energy costs.
March 12, 2020GovernmentBusinessLogistics
Cargo Not Affected as Trump Suspends Travel From Europe to US
WASHINGTON — Taking drastic action March 11, President Donald Trump announced he is cutting off travel from Europe to the U.S. and moving to ease the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of Americans. Restrictions won't apply to cargo.
March 11, 2020GovernmentBusiness
How Do the Candidates’ Infrastructure Plans Compare?
Many of the candidates running for president in 2020 have offered visions for improving the nation's infrastructure. Our Candidate Infrastructure Tracker offers a comparison of their plans.
March 11, 2020