New U.S. applications for unemployment benefits fell but remain far above pre-pandemic peaks. (WSJ)
Sales of previously owned homes in the U.S. rose to a 14-year high in September. (WSJ)
Turkey’s currency fell to a record low against the dollar. (WSJ)
Uber Technologies and Lyft must comply with an order that requires them to reclassify their drivers as employees, a California appeals court said Thursday, siding with a lower-court ruling from August that threatened to upend the companies’ business models. (WSJ)
Persian Gulf waters off Iraq have become a new, important waypoint for Iranian oil smugglers looking to avoid U.S. sanctions, according to American officials. (WSJ)
Walmart is suing the federal government in an attempt to strike a pre-emptive blow against what it said is an impending opioid-related civil lawsuit. (WSJ)
United Parcel Service plans to offer nearly 100,000 of its workers a way to save for emergencies within its retirement plan. (WSJ)
American Airlines lost $2.4 billion in the third quarter and Southwest Airlines lost $1.2 billion despite an uptick in passenger traffic. (WSJ)
Pandemic-driven consumer purchasing drove Unilever’s North American underlying sales up 9.1% in the third quarter. (WSJ)
Coca-Cola expects to see growth this year in China, even as global sales decline. (WSJ)
Gucci’s third-quarter sales fell 12%, lagging other big luxury labels. (WSJ)
Apparel retailer Gap will close about 350 U.S. stores as it focuses on growing digital sales. (CNBC)
Huawei Technologies has stockpiled chips as it launches a smartphone amid U.S. sanctions on the Chinese company. (Washington Post)
Airbus has told suppliers it expects to boost production of its A320neo aircraft by nearly 18% next year. (Financial Times)
Japan’s Mitsubishi Heavy Industries is close to halting development of a regional jet. (Nikkei Asian Review)
Shippers are paying record fees for empty containers because of a steep imbalance in trade in and out of China. (Lloyd’s List)
Loaded container imports into the ports of Seattle and Tacoma reached their highest level in a year in September but were off 6.8% from last year. (Port Technology)
An investigation concludes that decaying dangerous cargo caused the 2018 fire that heavily damaged the Maersk Honam and killed five seafarers. (ShippingWatch)
Scorpio Bulkers is on pace to shed the last of its bulk ships by the end of the first quarter. (TradeWinds)
Union Pacific’s freight volumes rose 19% from the second quarter to the third quarter while costs rose 11%. (Dow Jones Newswires)
CSX third-quarter operating income fell 11% to $1.1 billion. (Trains)
Wales will nationalize its passenger rail service. (BBC)
E-commerce facilities represented 37% of all new leases for Prologis in the third quarter, above the historical average of 21%. (Supply Chain Dive)
Amazon is building a 1 million-square-foot distribution center in Hagerstown, Md. (Herald Mail)
Sam’s Club will have its store robots take inventory while they scrub floors. (Progressive Grocer)
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