U.S. consumer comfort fell to the lowest level since March as ratings of the economy, personal finances and the buying climate all slumped, a potential sign of faltering in the strong support consumers are giving the expansion.
November 7, 2019Search
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US Jobless Claims Decrease More Than Estimated to 211,000
Filings for U.S. unemployment benefits declined more than expected to reach a four-week low, another sign that a resilient labor market continues to underpin the economy.
November 7, 2019Utah Trucking Companies Allegedly Bribed FedEx Ground Executive
Federal indictments unsealed last month in Utah allege that 10 individuals participated in a decadelong scheme to pay a senior FedEx Ground manager in the state $1 million in bribes to steer business to trucking companies complicit in the plan, netting the companies hundreds of millions of dollars in fraudulent and unauthorized contracts.
November 6, 2019Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away
Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companies stayed away.
November 6, 2019Walmart, Tesla Settle Lawsuit Over Fiery Solar Panels
NEW YORK — Walmart and Tesla have settled a lawsuit filed by the retail giant alleging that Tesla installed rooftop solar panels that caught fire.
November 6, 2019NJ Transit Want Ad: Seeking Partner to Move Stadium-Size Crowds
New Jersey Transit is seeking private partners to help transport “a stadium’s worth of people†— plus newly arriving megamall crowds.
November 6, 2019CARB Rule Would Set Sale Quotas for Zero-Emission Trucks
The California Air Resources Board has proposed a regulation requiring that manufacturers sell a set percentage of zero-emissions battery-electric and fuel cell trucks beginning with model year 2024.
November 6, 2019Shale Oil Pioneers Say the Boom Times Are Over
The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s yearslong effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.
November 6, 2019US Productivity Unexpectedly Posts First Decline Since 2015
Productivity in the U.S. unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in efficiency earlier this year was more of a temporary shift.
November 6, 2019Republican Leaders Continue to Press Action on USMCA
Supporters of the new United States-Mexico-Canada Agreement continue to pressure lawmakers on Capitol Hill to proceed with a vote on the trade deal, which was signed last year.
November 5, 2019