US Wholesale Prices Rise 0.4% in May Led by Food and Energy
U.S. wholesale prices rose 0.4% in May, led by a gains in the cost of food and energy.
U.S. wholesale prices rose 0.4% in May, led by a gains in the cost of food and energy.
German airline Lufthansa says 22,000 jobs may need to be cut due to the drop in demand for flights caused by the coronavirus pandemic.
Stocks ended a bumpy day mostly lower Wednesday despite assurances from the Federal Reserve that it would keep interest rates low through 2022 and would continue buying bonds to help markets function smoothly.
The federal government recorded a budget deficit of $1.88 trillion for the first eight months of this budget year, larger than even any annual shortfalls in U.S. history.
U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession.
Ford and Volkswagen will work together to develop a small city van, a larger cargo van, a small pickup truck and an electric vehicle as part of their global alliance announced last year.
The pandemic has changed consumer behavior dramatically.
U.S. employers laid off 7.7 million workers in April _ a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.
France’s government has announced 15 billion euros ($16.9 billion) in aid for the pandemic-battered aerospace industry, including plane maker Airbus and national airline Air France.
The U.S. communications regulator on Tuesday proposed a $225 million fine, its largest ever, against two health insurance telemarketers for spamming people with 1 billion robocalls using fake phone numbers.