09 Jun Recession Began in February, Economists Say The U.S. economy fell into a recession in February, a group of economists with the National Bureau of Economic Research said June 8, and some within the trucking industry are not predicting a rapid return to pre-pandemic levels. Read more...
09 Jun Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp. Read more...
08 Jun Stocks Vault Higher as Nasdaq Hits Record on Economy Hopes NEW YORK — The Nasdaq composite wiped away the last of its coronavirus-induced losses to set a record June 8. Read more...
08 Jun Diesel Increases by a Penny; Gas Climbs Back Above $2 The nationwide average price of a gallon of diesel increased by one cent to $2.396, according to the Energy Information Administration on June 8, while gasoline lurched past the $2 mark. Read more...
08 Jun Senate EPW Leaders Say Infrastructure Part of Solution During Turbulent Times An economy-reviving infrastructure plan may be more important than ever in this age of the COVID-19 pandemic and social upheaval. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
08 Jun Recession Began in February in Face of Coronavirus, Experts Say WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared June 8. Read more...
08 Jun Volkswagen CEO Herbert Diess Giving Up Managing VW Brand Herbert Diess, CEO of Volkswagen, ceded direct control of the German company’s main passenger car brand after clashing with labor unions over production issues affecting two key models. Read more...
08 Jun Tesla Hails Air-Quality Effects of Shutdowns Elon Musk Called ‘Fascist’ Tesla Inc. said the drop in pollution during coronavirus-related shutdowns could embolden governments that already have been making plans to eventually ban vehicles that run on fossil fuels. Read more...
08 Jun Nikola Stock Surges 104% on Third Day of Trading Shares of Nikola Motor Co. surged 104% to a record in its third day of trading on the Nasdaq after a merger with VectoIQ Acquisition Corp. Read more...
08 Jun Crossword Puzzle Solution for June 8, 2020 Here's the solution to the crossword puzzle found in the June 8, 2020 print edition. Read more...