Volkswagen pushes back possible restart of operations in Mexico
German automaker Volkswagen will extend until at least May 18 a suspension on operations at its Puebla production plant in Mexico due to the ongoing coronavirus pandemic, the company said in a statement on Friday.
New North American trade pact to take effect July 1: USTR
U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.
As U.S. coronavirus death toll tops 51,000, handful of states move toward reopening
With the U.S. coronavirus death toll topping 51,000 and nearly one in six workers out of a job, Georgia, Oklahoma and several other states took tentative steps at reopening businesses on Friday, despite disapproval from President Donald Trump and medic…
Explainer: How the U.S. could use taxpayer dollars to save oil and energy companies
The U.S. federal government is looking at “a whole bunch of alternatives” to support oil and other energy companies, Treasury Secretary Steven Mnuchin said on Friday as the industry struggles with plummeting prices and demand as the coronavirus crushes…
Unions denounce Las Vegas mayor’s call to re-open casinos
The powerful United Auto Workers union on Friday criticized Las Vegas Mayor Carolyn Goodman’s call to re-open casinos despite the continued risk of coronavirus, the latest labor organization to weigh in on her remarks.
Stocks struggle with muddled government pandemic responses
Global equity benchmarks struggled on Friday as some U.S. states began reopening businesses despite the disapproval of health experts, and as the European Union put off addressing details of its new economic rescue plan.
U.S. weighs taking equity stakes in U.S. energy companies, Mnuchin says
The U.S. government is considering taking equity stakes in U.S. energy companies as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, Treasury Secretary Steven Mnuchin said on Friday.
U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country combats the coronavirus pandemic, congressional forecasters said on Friday.
Icahn sees opportunities but warns of more ‘downdrafts’ ahead: Bloomberg
Billionaire investor Carl Icahn said he expects to see “good opportunities” to buy after the historic stock market sell-off but warned there will likely be more heavy selling because the coronavirus outbreak has yet to be contained.
As U.S. coronavirus death toll tops 50,000, a handful of states edge toward reopening
With the U.S. coronavirus death toll topping 50,000, Georgia, Oklahoma and a handful of other states took the first tentative steps at reopening for business on Friday, despite the disapproval of President Donald Trump and health experts.
