Shares of Tesla dropped as much as 12 percent Friday before closing down 10.3 percent after CEO Elon Musk tweeted that the company’s shares are […]
Month: May 2020
Automakers got a bailout after the last recession, what’s their strategy this time around?
The beginning of a new month traditionally sees a burst of new vehicle sales data from automakers. This year, however, only a handful have released […]
Miami’s “Little Havana” family businesses are hit hard by coronavirus, but vow to fight
MIAMI — David Garcia, 42, owner of Little Havana restaurant La Camaronera, is struggling to keep his business afloat. The landmark Miami seafood establishment — […]
Amazon’s Jeff Bezos called to testify before House antitrust panel
House lawmakers leading an antitrust investigation into Amazon demanded Friday that CEO Jeff Bezos testify about the company’s alleged practice of gleaning financial information from […]
Jobless claims top 30 million as coronavirus continues to devastate economy
Around 3.8 million more workers filed for first-time employment benefits last week, bringing the national jobless total to a staggering 30 million — or around […]
Target, Walmart workers and others plan ‘sickout’ protests over coronavirus safety
A Target worker in Virginia wearing his own mask, gloves and safety glasses said he felt helpless recently when customers swarmed him as he organized […]
J. Crew is preparing for a bankruptcy filing that could come this weekend
Clothing apparel company J. Crew is preparing for a bankruptcy filing that could come as soon as this weekend, people familiar with the matter tell […]
Coronavirus could make the iconic department store a relic of the past
The department store, once a proud symbol of American excess and upward mobility, threatens to descend into obscurity as a result of the coronavirus, with […]
After coronavirus outbreak, Tyson temporarily closes Nebraska beef plant for cleaning
DAKOTA CITY, Neb. — Tyson Foods said Thursday that it was temporarily suspending operations at a large Nebraska beef processing that serves as the largest […]