27 Sep Uber to Cut 300 Jobs in Bay Area Uber Technologies has chopped 300 jobs in the Bay Area, including hundreds in San Francisco and dozens in Palo Alto, a state government filing shows. Read more...
27 Sep Consumer Spending Rises 0.1% in August WASHINGTON — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace. Read more...
27 Sep Durable Goods Orders Edge Up 0.2% in August WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods showed a slight increase in August but a key sector that tracks business investment plans declined, likely reflecting fallout from President Donald Trump’s trade wars. Read more...
26 Sep Tesla Surges on Musk Seeing Shot at 100,000-Delivery Quarter Tesla Inc. shares climbed the most since June after Elon Musk said in an email to employees that the carmaker has a chance to top the vehicle-delivery record it set in the second quarter. Read more...
26 Sep A 12,000-Mile Trip May Be in Vain Due to Iran Oil Sanctions More than two months and 20,000 kilometers (12,000 miles) ago, the tanker Da Yuan Hu left Singapore and headed to Mexico to pick up a shipment of crude oil. On Sept. 26, with less than two weeks to go until it reaches its destination, its long quest could be in jeopardy. Read more...
26 Sep Congress Clears Temporary Federal Funding Bill for Trump In an 82-15 vote, the Senate cleared legislation for President Donald Trump’s signature to avert a shutdown of federal agencies. Read more...
26 Sep Walmart Receives Outside Interest in JetBlack Unit Walmart Inc. is weighing the future of JetBlack, a pet project of its online chief that was the first business to emerge from its internal incubation arm. Read more...
26 Sep ATA’s Costello Optimistic About Trucking Industry Economy, With One Exception WASHINGTON — The spot market is suffering a decline in activity this year, but contract business and the promise of improving trade negotiations between the United States and China are helping to keep the freight market on steady ground, said the chief economist of American Trucking Associations. Read more...
26 Sep Trailer Orders Fall for Fourth Straight Month U.S. trailer orders in August bounced along below 11,000 units for the fourth consecutive month and were 72% lower than a year earlier, according to ACT Research, amid near-record factory inventories of undelivered trailers, plus plentiful cancellations. Read more...
26 Sep GM Reverses Course, Says Strikers Will Keep Health Coverage DETROIT — General Motors now says striking workers will get company-paid health insurance, nine days after telling the union that coverage would be cut off. Read more...