Business News
Exxon, Chevron slams shale brakes, as oil demand falls
2020-05-02
Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. producers are planning a combined global shut-in of 800,000 barrels a day in response to crude price plunges and demand for fuel.
Fed officials are concerned about lasting crisis economic scars
2020-05-02
After deploying trillions of dollars in support of the U.S. economy during the coronavirus pandemic, officials of the Federal Reserve have begun to warn the workforce and productivity of potentially lasting scars if recovery is not handled well.
Coal India sales sink on drop in demand
2020-05-02
Sales to customers of Coal India Ltd dropped by more than a quarter in April, the steepest rate of decline in at least six years, it said on Friday, as a nationwide lockdown cut in demand.
Amazon extends its work from home until October 2
2020-05-01
Amazon.com Inc. has told staff whose job can be done from home that they will be able to do so until at least Oct. 2, pushing the timeline for many employees to return to work as it faces scrutiny of conditions in their warehouses.
Tesla cuts the price of Model 3 cars made in China by 10 percent to qualify for subsidies
2020-05-01
U.S. electric vehicle manufacturer Tesla Inc said it cut the starting price for China-made Model 3 sedans by 10 percent on Friday to qualify for subsidies on the world's largest automotive market.