FILE PHOTO: The Tesla factory is seen in Fremont, California, U.S. June 22, 2018. REUTERS/Stephen Lam DETROIT (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) wants to start building a new and large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials
(Reuters) – Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year – and more pain to follow – as airlines park or retire thousands of aircraft due to the coronavirus pandemic. FILE PHOTO: People work near the door of a 737
(Reuters) – PepsiCo Inc (PEP.O) will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has been criticized for a racist history. Bottles of Aunt Jemima branded syrup stand on a store shelf inside of a shop in Brooklyn, June 17, 2020.
SYDNEY (Reuters) – Asian share markets took a cautious turn on Wednesday as a resurgence of global coronavirus cases challenged market confidence in a rapid economic recovery, even as the rebound in U.S. retail sales in May broke all records. FILE PHOTO: A visitor takes a photograph of a board displaying stock prices at the
NEW YORK/LONDON (Reuters) – A record rebound in U.S. retail sales, fresh support from the Federal Reserve and Bank of Japan, and upbeat trial results for a COVID-19 treatment boosted risk appetite on Tuesday, driving equity markets higher and strengthening the dollar. U.S. Treasury yields rose and demand for lower-rated southern European debt increased on
(Reuters) – U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a fraction of the historic drops in March and April amid the coronavirus lockdowns. FILE PHOTO: A shopkeeper works inside his retail store as the phase one reopening of
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank’s headquarters in Dallas, Texas, U.S. January 9, 2020. REUTERS/ Ann Saphir/File Photo NEW YORK (Reuters) – The U.S. economy will experience a “significant, historic” contraction in the second quarter before it starts to rebound, and unemployment
BEIJING (Reuters) – China’s factories stepped up production for a second straight month in May, as the country shook off the economic torpor of the coronavirus, although the weaker-than-expected gain suggested the recovery remained fragile. FILE PHOTO: Workers are seen on a production line manufacturing masks at a factory in Shanghai, China January 31, 2020.
(Reuters) – The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling: FILE PHOTO: Protesters rally against the death in Minneapolis police custody
NEW YORK (Reuters) – As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. FILE PHOTO: Pedestrians walk past the New York Stock Exchange as the building opens for the first time since
(Reuters) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol The inquiries focus at least in part on how Amazon treats sellers in its online
FILE PHOTO: U.S. President Donald Trump signs the Paycheck Protection Program and Health Care Enhancement Act financial response to the coronavirus disease (COVID-19) outbreak, in the Oval Office at the White House in Washington, U.S. April 24, 2020. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – Federal authorities administering business payroll loans as part of U.S. coronavirus relief
WASHINGTON (Reuters) – U.S. consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring, though they did not expect a significant improvement in the economy amid fears of a resurgence in COVID-19 infections. FILE PHOTO: A shopkeeper works inside his retail store as the phase
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez/File Photo (Reuters) – Drivers working for ride-hailing services such as Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) will now be considered employees under California’s new gig worker law, the state’s public utilities
MELBOURNE (Reuters) – Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising, U.S. crude stockpiles hitting an all-time high and the U.S. Federal Reserve projecting recovery from the pandemic would take years. FILE PHOTO: The sun is seen behind a crude oil pump jack in the
FILE PHOTO: A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 29, 2019. REUTERS/Brendan McDermid/File Photo/File Photo (Reuters) – A group of attorneys general from U.S. states and territories sued 26 manufacturers of dermatology drugs on Wednesday, accusing them of