Mexico green lights auto industry restart, heeding U.S. calls
Mexico will begin opening some automotive factories from May 18 under a plan unveiled on Wednesday that loosens coronavirus restrictions and paves the way for...
All eyes on Detroit as automakers ready slow, careful reopening of plants
The U.S. factories that make Fords, Chevys and Jeeps are coming back to life this week as workers install new safety equipment and wake up...
Brazil’s Gol values Boeing’s 737 MAX compensation at up to $412 million
Brazil airline Gol Linhas Aereas Inteligentes said on Wednesday it will receive up to 2.4 billion reais ($412 million) from Boeing Co as compensation for...
Less than zero? Fed’s Powell shows no love for negative rates
Federal Reserve Chair Jerome Powell had a clear message to interest rate futures traders on Wednesday: Bets the U.S. central bank is headed toward a...
Trump extends U.S. telecom supply chain order aimed at Huawei, ZTE
President Donald Trump on Wednesday extended for another year an executive order signed in May 2019 declaring a national emergency and barring U.S. companies from...
Wall Street ends down on Powell’s sober outlook, call to Congress for help
The S&P 500 closed lower for the second day in a row after Federal Reserve Chairman Jerome Powell warned on Wednesday of extended economic weakness...
Amazon.com asks for federal law against price gouging during national emergencies
Online retailer Amazon.com, criticized for not acting quickly enough to curb sellers who charged hundreds of dollars for high-demand hand sanitizer during the early phase...
Florida business lender accused of accounting fraud settles with SEC
Miami-area direct lending firm TCA Fund Management Group Corp and its affiliates reached a settlement with U.S. securities regulators over allegations of fraudulent revenue recognition...
In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support
The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power...
Fed Chair Powell warns of prolonged U.S. recession after coronavirus
Jerome Powell, chairman of the Federal Reserve board of governors, warned Wednesday that the long-term health of the U.S. economy may depend on more fiscal...