The number of new U.S. applications for unemployment benefits rose sharply last week. (WSJ)
Sales of previously owned homes in the U.S. rose to a 14-year high in October. (WSJ)
General Motors is raising its spending on research into electric and driverless vehicles by about a third, to $27 billion through 2025. (WSJ)
Tyson Foods suspended managers at an Iowa pork plant following allegations that some wagered on the number of workers who would become infected with Covid-19. (WSJ)
United Airlines may cut its capacity growth plans as carriers face a renewed slowdown in passenger bookings. (WSJ)
Natural-gas prices have declined more than 20% this month as moderate U.S. weather has limited demand. (WSJ)
Lumber prices are making an unusual late-season climb, thanks to builder-friendly autumn weather and suppliers stocking up for what they expect to be another big year for home construction. (WSJ)
Macy’s comparable sales fell about 20% in the last quarter but the department store owner narrowed its losses from previous quarters. (WSJ)
Bath & Body Works’ quarterly sales jumped 55% as the coronavirus fueled demand for soap and hand sanitizer. (WSJ)
Graphics-chip maker Nvidia’s third-quarter sales rose 57%. (WSJ)
The Cass Freight Index rose 2.4% in October, the first annual gain since November 2018. (DC Velocity)
General Electric is in talks to set up a wind turbine factory on the U.K.’s north-east coast. (Financial Times)
Japanese furniture retailer Nitori will spend up to $1.92 billion over the next five years to build its own in-house logistics chain. (Nikkei Asian Review)
Ocean forwarders say shipping lines are dropping contract bookings in Asia to carry more shipments under soaring spot container rates. (The Loadstar)
The Port of Los Angeles plans to offer financial incentives to ensure truckers dropping off containers also ferry outbound boxes. (Supply Chain Dive)
Shippers trying to send goods from China to Europe by rail are encountering container shortages. (Journal of Commerce)
Dry bulk carrier executives say their financial prospects depend partly on restraint in ordering new ships. (Lloyd’s List)
Royal Mail’s parcel revenue exceeded revenue from letters for the first time. (The Guardian)
Lufthansa Cargo named Chief Commercial Officer Dorothea von Boxberg to succeed Peter Gerber as chief executive. (Lloyd’s Loading List)
Amazon plans to build a 629,186-square-foot distribution center in East Fishkill, N.Y., near Poughkeepsie. (Business Journals)
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