Tesla Inc. will furlough noncritical employees without pay and temporarily cut executive salaries as much as 30% to conserve cash while the coronavirus pandemic forces the shutdown of much of its operations.
Author: Bloomberg News
Ship Crews Stuck in Lockdown Strain Global Supply Chains
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic.
Ship Crews Stuck in Lockdown Strain Global Supply Chains
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic.
Pelosi Pulls Back on Infrastructure in ‘Phase Four’ Stimulus
House Speaker Nancy Pelosi scaled back her ambitions for Congress’ next coronavirus stimulus package to focus on additional direct payments to individuals and expanded loans to businesses, possibly leaving an $800 billion infrastructure plan and other Democratic priorities for a later bill. (With video)
Truckers Work to Overcome Difficulties in Food Supply Chain
Truckers hauling food are facing delays across the globe in the latest disruption to supply chains snarled by the coronavirus pandemic.
Truckers Work to Overcome Difficulties in Food Supply Chain
Truckers hauling food are facing delays across the globe in the latest disruption to supply chains snarled by the coronavirus pandemic.
Biofuel Plants Are Shutting Down and Some May Never Come Back
The coronavirus and cheap oil are hitting the fuel business so hard that ethanol plants are shutting down. Some may never come back.
Trump Invokes Production Law, Ordering GM to Build Ventilators
President Donald Trump on March 27 ordered General Motors Co. to make ventilators for coronavirus patients, invoking a federal law that gives him vast powers over industry in crises and acting as the company is within weeks of starting production on th…
Oil Market Fears US Running Out of Storage Space
The U.S. oil market is displaying worries that stockpiles are going to run out of storage space, with futures being whipsawed as a growing glut counters economic stimulus measures.
Chinese Plants Ramp Up Again as Rest of World Reels
While much of the world’s output is grinding to a halt because of the coronavirus, China is slowly emerging from its shutdowns by restarting production at factories and resuming some flights.