U.S. producer prices post biggest drop since 2009

WASHINGTON (Reuters) – U.S. producer prices fell by the most since 2009 in April, leading to the largest annual decline in nearly 4-1/2 years, which could bolster some economists’ predictions for a brief period of deflation as the novel coronavirus

Tesla's California fight heats up competition for jobs

DETROIT (Reuters) – Tesla Inc Chief Executive Elon Musk’s fight with local authorities over the reopening of its California plant has gotten the attention of those who scout sites for new factories and corporate offices, as well as economic development

Aston Martin posts deep loss as coronavirus outbreak hits sales

LONDON (Reuters) – Aston Martin (AML.L) posted a first-quarter pretax loss of 119 million pounds ($146 million) after sales dropped by nearly a third due to the impact of the coronavirus outbreak and the destocking of dealers, the carmaker said

U.S. Senate leader says will only consider narrow coronavirus bill

WASHINGTON (Reuters) – U.S. Senate Majority Leader Mitch McConnell, a Republican, on Tuesday said that any new coronavirus-response legislation would have to be “narrowly targeted,” as he criticized a $3 trillion plan unveiled by House of Representatives Democrats. “We’re going