Category: News

The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.

The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.

Less-than-truckload carrier YRC Worldwide Inc. received a $700 million federal loan in exchange for a nearly 30% share of the company.

The House gave final last-minute congressional approval July 1 to extending the popular Paycheck Protection Program for small businesses until Aug. 8, hours after the deadline for applications lapsed with more than $130 billion still available.

Louisiana lawmakers have passed legislation aimed at helping the state’s truckers fight off excessive jury verdicts in court.

Louisiana lawmakers have passed legislation aimed at helping the state’s truckers fight off excessive jury verdicts in court.

Tesla Inc. reported a sequential gain in quarterly deliveries that seemed improbable weeks ago, sending its stock surging toward Wall Street’s most bullish price target.

A $1.5 trillion infrastructure package advanced by the U.S. House of Representatives on July 1 will never be enacted into law, said the top Republican on the chamber’s transportation panel.

Testing of the 737 Max jetliner’s revised flight-control systems by U.S. regulators and Boeing Co. wrapped up July 1, laying the foundation for the plane’s possible return to service later this year.

U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring.