10 Sep US Stocks Resume Sell-off With Tech Battered Anew A fresh sell-off in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations stretched too far in a five-month rally. Treasuries rose with the dollar. Read more...
10 Sep Nikola Disputes Charges of Deception Nikola Corp. shares fell as much as 13% after Hindenburg Research published a report accusing the startup electric-vehicle maker of “deception” and lying about its technology. Read more...
10 Sep Fleets Rally to Aid Hurricane Laura Victims Hurricane Laura wreaked havoc when it made landfall Aug. 27, but fleets have rallied to help the victims in the couple of weeks since. Read more...
10 Sep Doomed-to-Fail Senate Vote Will Usher Final Scene on Stimulus The U.S. Senate is poised to vote Sept. 10 on whether to advance a slimmed-down Republican-crafted pandemic relief bill, opening what’s likely to be the final stage of the monthslong partisan battle over fiscal stimulus. Read more...
10 Sep Infrastructure Stakeholders Press Congress for Highway Law Extension Groups representing nearly every aspect of the country’s infrastructure networks recently called on congressional leaders to approve a yearlong extension of a soon-to-expire highway law. Read more...
10 Sep VW’s Traton Boosts Bid for Navistar to $3.6 Billion Navistar International Corp. confirmed that Volkswagen AG’s heavy-truck business boosted its bid to buy the rest of the U.S. manufacturer for $3.6 billion. Read more...
10 Sep PennDOT Accepting Applications for Multimodal Transportation Fund The Pennsylvania Department of Transportation is accepting applications from those seeking to finance projects through the Multimodal Transportation Fund. Read more...
10 Sep Job Losses Persist as Claims Come in Higher Than Forecast Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus. Read more...
09 Sep Mitch McConnell’s Criticized Pandemic Relief Bill Fails to Secure Senate Vote A new economic relief proposal by Senate Majority Leader Mitch McConnell fell short of passage in the chamber by a vote of 52 to 47. Read more...
09 Sep Blue States Sue to Stop Trump’s Arctic Refuge Drilling Plan A group of 15 Democrat-led states sued to block the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, alleging the plan fails to account for the danger to wildlife and climate-change impacts. Read more...