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The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo.

Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on the morning of Oct. 7 after President Donald Trump pulled his negotiators from broader stimulus talks.

Hurricane Delta made landfall Oct. 7 just south of the Mexican resort of Cancun as an extremely dangerous Category 2 storm, downing trees and knocking out power along the northeastern coast of Yucatan Peninsula, but without immediate reports of deaths or injuries.

The world’s first double-decker hydrogen buses arrived in Aberdeen, Scotland, on Oct. 7, a city best known as a base for some of the world’s top oil companies.

The U.S. trade deficit widened in August to the largest since 2006 as the nation imported a record amount of consumer goods amid a pickup in demand ahead of the holiday shopping season.

President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery.

Economic aid for a federal loan program for small businesses and for the airline industry, including cargo carriers, garnered the support of President Donald Trump.

Federal Reserve Chair Jerome Powell warned of a weak U.S. recovery without sufficient government aid and said providing too much stimulus wouldn’t be a problem.

U.S. job openings declined in August for the first time in four months, pointing to a moderation in pace of hiring as the pandemic drags on.