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

June 18, 2020 by  

Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.


Source: Reuters Business News

Wall Street oscillates amid COVID-19 spikes, muted data

June 18, 2020 by  

Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery.


Source: Reuters Business News

Unemployment payments backlog draws hundreds to Kentucky's capital

June 18, 2020 by  

Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky Capitol in Frankfort early Wednesday to seek in-person help.


Source: Reuters Business News

Lufthansa investor Thiele seeks talks with German government: Handelsblatt

June 18, 2020 by  

Lufthansa’s biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline’s 9 billion euro ($10.1 billion) bailout.


Source: Reuters Business News

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

June 18, 2020 by  

Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.


Source: Reuters Business News

U.S. House panel debating $494 billion infrastructure measure

June 17, 2020 by  

A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution.


Source: Reuters Business News

Lyft promises switch to 100% electric vehicles by 2030

June 17, 2020 by  

Ride-hailing company Lyft Inc on Wednesday said every vehicle on its ride-hailing and rental car platform will be electric by 2030, but it would not provide direct financial support to drivers for switching from gas-powered cars.


Source: Reuters Business News

U.S. Justice Department proposes rolling back protections for big tech

June 17, 2020 by  

The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet’s Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump’s bid to crack down on tech giants.


Source: Reuters Business News

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

June 17, 2020 by  

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.


Source: Reuters Business News

PepsiCo to drop Aunt Jemima name, criticized for racist history; Uncle Ben's under review

June 17, 2020 by  

PepsiCo Inc will change the name and brand image of its Aunt Jemima pancake mix and syrup, it said on Wednesday, dropping a mascot that has been criticized for a racist history.


Source: Reuters Business News

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