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Tesla wants to start building a new U.S. vehicle plant this summer

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 …

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Oil prices broadly stable after mixed U.S. data

FILE PHOTO: General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020. REUTERS/Mike Segar LONDON (Reuters) – Oil prices were …

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U.S. Chamber urges China to accelerate purchases of U.S. goods

Chinese and U.S. flags flutter in Shanghai, China June 3, 2020. REUTERS/Aly Song WASHINGTON (Reuters) – The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties …

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Global stocks retreat as investors fret over coronavirus relapse

TOKYO/WASHINGTON (Reuters) – Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic …

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U.S. trade chief vows to push for ‘broad reset’ at WTO

WASHINGTON (Reuters) – The Trump administration will push for a broad reset of “outdated tariff determinations” at the World Trade Organization to fix what it sees as years of unfair …

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FAA chief acknowledges agency, Boeing made mistakes on 737 MAX

(Reuters) – The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co (BA.N) and the U.S. air safety agency both made mistakes on the 737 …

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Wall Street advances on prospect of economic rebound

NEW YORK (Reuters) – Wall Street gained ground on Wednesday as signs of economic recovery helped investors look past spiking pandemic data and the potential of a new round of …

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U.S. housing starts miss expectations; permits rebound strongly

WASHINGTON (Reuters) – U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge from …

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Main Street’s boldest take on Wall Street in bankruptcy stock frenzy

NEW YORK (Reuters) – When Bryan Quevedo received his U.S. government stimulus check last month, he invested $1,000 in the stock of bankrupt car rental company Hertz Global Holdings Inc …

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HSBC revives plan to axe 35,000 jobs, memo shows

FILE PHOTO: A woman wearing a protective face mask walks past a logo of HSBC bank at the financial and business district of La Defense near Paris as France begun …

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Senate bill aims to improve aircraft certification after 737 MAX crashes

SEATTLE/CHICAGO/TRURO, Mass. (Reuters) – U.S. senators introduced legislation on Tuesday that would strengthen FAA oversight of aircraft certification following fatal Boeing Co 737 MAX crashes, though a victim’s father said …

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Southwest extends limited seating on flights through September

FILE PHOTO: Social distancing sign is displayed at a check-in area for Southwest Airlines Co. at Los Angeles International Airport (LAX) on an unusually empty Memorial Day weekend during the …

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U.S. bank profits plunge 70% on coronavirus loss provisioning

FILE PHOTO: Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation, testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “Oversight of Financial Regulators” on Capitol Hill …

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New York area business activity shows signs of improvement in June

FILE PHOTO: A man crosses a nearly deserted Fulton Street in the financial district in lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New …

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Stimulus splurge restarts stocks rally

LONDON (Reuters) – The global stocks rally was back on track on Tuesday, with more support from the Federal Reserve and the Bank of Japan helping end a bumpy few …

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Global stocks jump on Fed support, easing second wave fears

TOKYO/HONG KONG (Reuters) – Asian shares rallied and the dollar fell on Tuesday as risk appetite was bolstered by the formal start of the Federal Reserve’s corporate bond buying programme, …

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Oil prices ease as coronavirus infections rise

TOKYO (Reuters) – Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections around the world could hurt fuel demand, but hopes that production cuts could be …

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GM CEO optimistic on U.S. demand, China, EV profitability

DETROIT (Reuters) – General Motors Co’s (GM.N) top executive struck an optimistic note on Monday about U.S. new vehicle demand despite the coronavirus pandemic, and the ability to sell electric …

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BP wipes up to $17.5 billion from assets with bleaker oil outlook

LONDON (Reuters) – BP (BP.L) will write off up to $17.5 billion from the value of its assets after cutting its long-term oil and gas price forecasts, betting the COVID-19 …

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Carmaker PSA cuts back on transfer of Polish workers to French plant

FILE PHOTO: The logo of French car manufacturer Peugeot is seen at the 33th Auto Zurich Car Show in Zurich, Switzerland, Oct. 31, 2019. REUTERS/Arnd Wiegmann/File Photo PARIS (Reuters) – …

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Intesa, BPER revise terms aiming to avert antitrust hurdles to UBI deal

MILAN (Reuters) – Italian bank Intesa Sanpaolo (ISP.MI) has increased the number of branches and amount of assets it will sell to rival BPER (EMII.MI) if its proposed takeover of …

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Recovery rally has further to run, so buy stocks: Morgan Stanley

FILE PHOTO: A woman takes photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid SINGAPORE (Reuters) – Stock …

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Asian stocks, oil sell off on second wave fears

SYDNEY (Reuters) – Asian markets started the week on the backfoot on Monday while oil prices slipped as fears of a second wave of coronavirus infections in China sent investors …

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Systemic racism slows economic growth: Dallas Fed chief Kaplan

FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high …

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Bankrupt Hertz to seize on speculation frenzy with $1 billion stock sale

FILE PHOTO: A logo of car rental company Hertz is seen on a building during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. Picture taken with a …

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Wall Street Week Ahead: Investors bet bounce in value stocks will stick

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 …

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Factbox: What changes are companies making in response to George Floyd protests?

(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 …

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Amazon’s business practices examined by two U.S. states

(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 …

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American Express JV gets final approval to launch operations in China

FILE PHOTO: A woman wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an …

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China central bank bank approves American Express for bank card clearance business

FILE PHOTO: A woman wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an …

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