Business

Tesla’s Musk says ready for arrest as he reopens California plant against local order

(Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk on Monday said production was resuming at the automaker’s sole U.S. vehicle factory, in California, defying an order to stay closed and saying if anyone had to be arrested it should be him.The move comes as states and cities around the United States experiment...

$5,000 Emergency Grants for Every American

Good news. There is a new COVID-19 relief fund providing $5,000 emergency grants to every American. The relief fund is called the American Relief Fund. Every American is eligible (as long as you are at least 18 years old). The grants do not have to be paid back. The American Relief Fund will be providing individuals with...

Coronavirus-hit economies spark US, UK trade negotiations

The United States and the United Kingdom will begin negotiating a trade agreement Tuesday aimed at reinvigorating the countries' coronavirus-slammed economies.“More trade between the U.K. and U.S. is essential if we are to overcome the unprecedented economic challenge posed by coronavirus,” Truss said in the note.“As we start trade talks with the U.S., we want...

Tyson warns of coronavirus-related US meat shortages as livestock plants shutdown

CHICAGO (Reuters) - Millions of pounds of beef, pork and chicken will vanish from U.S. grocery stores as livestock and poultry processing plants have been shuttered by coronavirus outbreaks among workers, the chairman of Tyson Foods Inc said.In this April 2020, photo provided by Tyson Foods, workers wear protective...

Amazon scooped up data from its own sellers to launch competing products

Amazon.com Inc. employees have used data about independent sellers on the company's platform to develop competing products, a practice at odds with the company's stated policies.The online retailing giant has long asserted, including to Congress, that when it makes and sells its own products, it doesn't use information it collects from the site's individual third-party sellers -- data those...

Public companies tapping small-business loans may not have met necessary certifications, Mnuchin says

Treasury Secretary Steven Mnuchin on Wednesday questioned whether some big companies receiving millions of dollars in government-backed loans from a program created to help small businesses have met the necessary certifications."I think a lot of these big companies  questionable whether they could make that certification," Mnuchin told FOX Business' Stuart Varney. "I think they should review it."

Stocks plunge as crude tanks to lowest level in over 20 years

U.S. equity markets slid Monday as oil crashed to levels last seen in 1998.The Dow Jones Industrial Average fell by as many as 489 points, or 2.02 percent, in the opening minutes of trading before paring its losses. The S&P 500 and Nasdaq Composite were down 1.53 percent and 1.01 percent, respectively, at their lows.TickerSecurityLastChangeChange...

Global stocks rally Friday on Gilead’s coronavirus treatment and Boeing’s production restart

U.S. stock futures are signaling a strong start to Friday's session adding to the momentum seen on Thursday.The Dow Jones Industrial Average are up more than 700 points or 3 percent while the S&P 500 was higher by nearly 3 percent and the Nasdaq Composite 2 percent.Earlier in the evening, President Trump outlined...

Trump holds CEO calls before coronavirus economic revival rollout

The early groundwork for reopening the U.S. economy is underway and President Trump, along with the nation's top CEOs and business leaders, are working in tandem to provide a blueprint on how an economic reboot may roll out as cases of the coronavirus peak in some areas."These encouraging developments have put us in a very strong position to...

Retail sales plunge to new low in March as virus freezes US spending

U.S. retail sales suffered the biggest drop in history in March, plummeting by 8.7 percent as the coronavirus pandemic forced businesses around the country to close and shoppers were directed to stay at home.It was the steepest decline since the government began tracking retail sales in 1992. February’s report was revised to a 0.4 percent decline.

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