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Reviving Lordstown: An electric pickup truck startup brings back an old GM plant Washington, DC (CNN) A small Ohio automotive startup is drawing national attention for its new electric pickup truck. If the vehicle, Lordstown Motors' first and only product, proves to be a hit, it could reshape the auto market and help revive a languishing Rust ...
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Stock market live updates: Choppy trading, banks jump, travel stocks lower This is a live blog. Please check back for updates. 12:10 pm: Ex-FDIC chair says proposed changes to bank regulations are 'ill-advised'. Former FDIC Chair Sheila Bair criticized proposed changes to bank regulations that would ease post-financial crisis ...
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Facebook Looks to Contain Advertising Boycott Over Hate Speech Facebook Inc. is working to persuade its top advertisers not to pause spending on the social network, as it tries to keep a boycott from a handful of marketers from turning into a widespread revolt. Facebook executives in emails and calls with advertisers and ...
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Occidental signals writedown of up to $9 billion on bleak oil price outlook HOUSTON (Reuters) - Occidental Petroleum Corp (OXY.N) will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday. FILE PHOTO: The logo of ...
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SBA Issues New PPP Loan Guidance: What You Need To Know And FAQs By Neil Hare. With the June 30, 2020, deadline for applying for a Paycheck Protection Program (PPP) loan fast approaching, and $130 billion still available, on June 22 the Small Business Administration (SBA) issued new Interim Final Rules (IFR) on the ...
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DC attorney general sues oil and gas companies, alleging industry misled public about climate change The D.C. attorney general sued four of the world's largest oil and gas companies Thursday, asserting that they have engaged in a multimillion-dollar campaign over decades to deceive District consumers about the effects of fossil fuels on climate change.
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US Jobless Claims Top 1 Million for 14th Week: Live Updates 1.5 million U.S. workers filed new state unemployment claims last week, as businesses reopened in fits and starts and virus cases spiked. Here's what you need to know: 1.5 million new state employment claims were reported in the latest weekly tally.
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Still Reeling From Oil Plunge, Texas Faces New Threat: Surge in Virus Cases HOUSTON — Things were looking up for Texas in recent weeks. Oil prices had managed an impressive rebound, more than doubling to just above $40 a barrel. Restaurants and small businesses were opening up in Houston, Dallas and elsewhere. And tens ...
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Penny stock-loving Robinhood traders raised bubble concerns, but most retail investors are selling "The equity buying spree by the Robinhood community garnered a lot of attention recently...other prominent brokerage platforms used by more experienced investors show continued selling since February," stated a Barclays research note. Charles Schwab ...
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Qantas is cutting 6000 jobs and raising $1.3 billion as the coronavirus pandemic takes its toll Hong Kong/Sydney (CNN Business) Qantas (QABSY) is cutting 6,000 jobs and looking to raise up to 1.9 billion Australian dollars ($1.3 billion) as the carrier fights to survive the coronavirus pandemic. The cuts announced Thursday account for 20% of Qantas' ...
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