 | | | | Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker's sole U.S. assembly plant with a deal that allows production to resume as early as Monday, county officials said. | | | | | | 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 U.S. car giants to ramp up output dependent on parts made south of the border. | | | | | | Shareholder activists prodding Exxon Mobil Corp on climate-change proposals are backing calls for an independent board chairman as the oil major steps up efforts to keep climate proposals off its ballot. | | | | | | 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 of the new coronavirus pandemic, urged Congress on Wednesday to pass a law against price gouging during times of national emergency. | | | | | | 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 as needed, and called for additional fiscal spending to stem the fallout from the coronavirus pandemic. | | | | | | Uber Technologies, Inc. on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as countries around the world begin easing restrictions aimed at curbing the spread of the coronavirus. | | | | | | U.S. stocks fell sharply for the second day on Wednesday after Federal Reserve Chairman Jerome Powell warned of extended economic weakness due to the coronavirus pandemic but did not mention new central bank support. | | | | | | 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 stimulus to fight the economic impacts of the coronavirus. | | | | | | Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the country could face an "extended period" of weak growth and stagnant incomes, pledged to use more Fed power as needed, and issued a call for more fiscal spending. | | | | | | Airbus is drawing up plans for a restructuring involving the possibility of "deep" job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said. | | | | | |
