Trump invokes Defense Production Act for ventilator manufacturing
U.S. President Donald Trump on Thursday invoked the Defense Production Act to aid companies building ventilators for coronavirus patients to receive the supply of materials...
FCC proposes to fine TracFone Wireless $6 million for subsidy violations
The Federal Communications Commission on Thursday proposed to fine TracFone Wireless $6 million for allegedly violating its rules governing the subsidy program for telecommunications services...
Tesla sees strong Model Y production, deliveries; shares rise
Tesla Inc said on Thursday Model Y production and deliveries were significantly ahead of schedule, even as its March quarter deliveries fell short of Wall...
Bed Bath sues 1-800-Flowers for trying to renege on deal over COVID-19
Bed Bath & Beyond Inc has asked a judge to hold 1-800-Flowers.Com Inc to a $252 million deal between the companies in what appears to...
Instacart to distribute coronavirus safety kits after workers’ strike
U.S. online grocery delivery company Instacart said on Thursday it will distribute free health and safety kits to full-service shoppers, days after its workers went...
General Motors, Honda to jointly develop two new electric vehicles
General Motors and Honda Motor Co Ltd said on Thursday the companies would jointly develop two new electric vehicles for Honda....
Dollar gains for second day; U.S. non-farm payrolls loom
The dollar rose against a basket of currencies for a second straight day on Thursday as investors, worried about the prospect of a global recession,...
Oil jump lifts Wall Street as jobless claims data surges
U.S. stocks rallied on Thursday as hopes for a truce in an oil price war between Saudi Arabia and Russia and a cut in oil...
Some U.S. direct payments will take months to reach Americans: congressional panel
Americans should start receiving direct payments from the U.S. government in mid-April to help cope with the coronavirus pandemic, but some may not get the...
Oil posts biggest one-day gains after Trump touts Saudi-Russia oil deal
Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a...