Wall Street set to open slightly higher ahead of Fed’s economic outlook
Wall Street’s main indexes were set to open slightly higher on Wednesday as focus shifted to a Federal Reserve meeting that will deliver the central...
Ford to return to pre-COVID production rates in U.S. plants by July 6: COO
Ford Motor Co expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus...
Delta Air expects to have $10 billion in cash, cash equivalents by end-2020
U.S. carrier Delta Air Lines said on Wednesday it expects to have $10 billion in cash, cash equivalents, short-term investments and borrowing capacity by year-end....
U.S. consumer prices fall for third straight month
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the COVID-19 pandemic....
Fiat Chrysler plans to resume Panda production on June 16: union
Fiat Chrysler (FCA) plans to resume production of its Panda small car at its plant in Pomigliano, near Naples in southern Italy, on June 16,...
Dollar hits three-month lows amid Fed easing speculation
The dollar dropped to a three-month low amid speculation the U.S. Federal Reserve will announce later on Wednesday it intends to keep a recent rise...
Ford to expand alliance with Volkswagen to make about 8 million commercial vehicles
Ford Motor Co said on Wednesday it would expand its alliance with Volkswagen AG to produce up to 8 million commercial vehicles....
Tesla to start volume production of Semi trucks: memo
Tesla Inc’s chief executive Elon Musk said that it is time to bring its Semi commercial truck to “volume production”, as the U.S. electric vehicle...
Exclusive: RWE, Thyssenkrupp plan hydrogen production venture
Germany’s RWE plans to produce hydrogen from renewable energy to supply steelmaker Thyssenkrupp, the two companies told Reuters....
Adidas pledges to hire more black and Latino staff
German sportswear brand Adidas has pledged to invest $20 million in the black community in the United States and make sure that at least 30%...