05 Sep Oil Rises Toward $57 as US and China Plan Talks Oil rose near $57 a barrel as China said it will resume talks with the U.S. to try and resolve a trade impasse that has weighed on global growth and fuel consumption. Read more...
05 Sep Federal Reserve Finds Wide Tariff Anxiety U.S. companies showed widespread concerns about tariff and trade policy uncertainty, but generally reported minimal impact thus far, according to a regional survey from the Federal Reserve. Read more...
05 Sep Hurricane Dorian, Back to a Category 3, Creeps Up East Coast CHARLESTON, S.C. — Hurricane Dorian, back to a Category 3 storm, began raking the Southeast U.S. seaboard late Sept. 4, threatening to inundate low-lying coasts from Georgia to southwest Virginia with a dangerous storm surge after its deadly mauling of the Bahamas. Read more...
05 Sep China Says Trade Talks With US to Be Held in October BEIJING — China’s Commerce Ministry says talks with the United States on ending their tariff war will take place in early October in Washington, later than previously planned. Read more...
04 Sep Descartes Systems Group Reports Growth in Income, Revenue The Descartes Systems Group Inc., a Canadian logistics company, reported net income of C$8.6 million for the second quarter of its 2020 fiscal year, up 1% from $8.5 million in the same period last year. Read more...
04 Sep Fed Says Most Businesses Optimistic, Consumer Spending ‘Mixed’ The U.S. economy grew at a modest pace through much of July and August, with companies remaining upbeat despite disruption caused by international trade disputes, a Federal Reserve survey found. Read more...
04 Sep Driver Detention Has Increased in Recent Years, ATRI Finds Driver detention at customer facilities has increased in recent years, according to new data from the American Transportation Research Institute. Read more...
04 Sep Tesla Autopilot Is Found Partly to Blame for 2018 Freeway Crash U.S. transportation safety investigators found Tesla Inc.’s design of its automated driver-assist system was partly to blame for a crash in which an inattentive driver slammed into a fire truck parked on a freeway near Los Angeles in 2018. Read more...
04 Sep Porsche Unveils Its First Electric Car Porsche picked Niagara Falls, a Chinese wind farm and a solar site in Germany to unveil its first all-electric sports car, underscoring the new Taycan’s central role in turning parent Volkswagen AG into the world’s leading seller of battery-powered vehicles. Read more...
04 Sep Brazil Court Rules That Uber Drivers Are Independent Workers Brazil’s Superior Court ruled that drivers who provide services through the Uber Technologies Inc. app are independent from the ridehailing firm, a decision that may benefit the company by setting a precedent for similar cases in the country. Read more...