However, in Delta Township, operations will continue until the last auto being built leaves the plant. The plant will idle production through March 30. In an email to employees, Tesla Human Resour...

USA stocks furthered their decline after trading resumed. These losses also came despite central bank action, with the Bank of Japan on Monday doubling its purchasing targets for exchange-traded f...

The Dow was briefly down more than 3,000 points during the final minutes of trading. The broad-based S&P 500 sank 10.6 per cent to 2,422.69, while the tech-rich Nasdaq Composite Index dove 10.5 perc...

The dispute pushed the price of Brent Crude to below 30 U.S. dollars a barrel on Monday - the lowest in four years. "A deeply imbalanced supply and demand outlook has not changed as Saudi and Russia...

Air New Zealand had already scrapped its full-year earnings guidance because of the virus' impact and its woes deepened over the weekend when the New Zealand government ordered all worldwide arrivals...

The capacity cuts also include the grounding of around 150 aircraft, which includes nearly all of the Group's wide-body fleet. The national carrier's total global capacity will now be cut by 90 per ...

Bank of America is warning the commercial paper market is "frozen". The commercial paper funding facility will establish a special objective vehicle (SPV) that will purchase unsecured and asset-back...

Rate-sensitive financial stocks tumbled more than 11%, leading declines among the major S&P sectors. Monday's market plunge occurred after oil prices also sank. The plunge came even though the Fede...

An alternative proposal by Mitt Romney to send checks of $1,000 or more to every American adult has some bipartisan support . The Treasury secretary said President Donald Trump had approved the...

The spectacular plunge in crude prices hasn't deterred state-run Saudi Aramco from pumping historic levels of oil. Brent's premium to WTI CL-LCO1=R narrowed to lower than $1, near its narrowest sinc...

This applies in the US and Canada for now, and the company is evaluating enacting similar measures in other countries where pooled rides are an option. On Monday, as The Verge reports , Uber expande...

Visit Business Insider's homepage for more stories . But he failed to inform the authorities about his impending test results, JetBlue stated. "Last night's event put our crew members, our custome...

Mortgage lenders have agreed they will support customers that are experiencing issues with their finances as a result of Covid-19, including through payment holidays of up to 3 months. The chancellor ...

The guidelines do not amount to a national quarantine or lockdown, Trump noted. Amid increased uncertainty in the public - leading to panic-buying in some areas - the government has insisted that gr...

Finally, the Fed announced a series of measures to "support the flow of credit to households and businesses", including: lowering its discount window rate; reducing reserve requirements for banks to...

This leaves the Official Cash Rate ( OCR ) at 0.25%, leaving a country that once boasted the highest interest rates in the developed world on par with the likes of the Bank of England , thereby closi...

Officials with the online retailer said they will also temporarily raise pay by $2 an hour through the end of April for hourly employees, who work at warehouses, delivery centers, and Whole Foods gr...

Collectively, its actions are meant to keep markets functioning and lending flowing to businesses and consumers. "If its actions work, it will prevent thousands of businesses, large and small, from fa...

The figure, well below analysts' forecasts, who predicted about a 1.5 per cent growth, is the worst for industrial production since January 1990's 21.20 per cent drop, when the statistics were first g...

Some European airlines have already issued urgent appeals for help. The Centre for Aviation ( Capa ) has called for co-ordinated government and industry action immediately "if catastrophe is to be...

The Fed also said it would revive the crisis-era program of bond purchases known as "quantitative easing", in which the central bank buys hundreds of billions of dollars in bonds to further push down ...

Ted Cruz, the Texas Republican who chairs the Senate Commerce Committee's aviation panel, is working with airlines, Trump administration officials and other lawmakers on economic relief measures, acco...

As per YES Bank's financial results, YES Bank's gross NPAs have pole-vaulted to 18.87 per cent - the highest in the private banking space. Net NPA rose to Rs 11,114 crore from Rs 9,757.20 crore in...

But if they vote in favor of it, it will extend for one year. Icahn, who held a roughly 2.5% stake in Occidental as of end-2019, has previously criticized its $38 billion deal for rival Anadarko Pet...

The global financial rout showed no signs of slowing last week. In a statement today, the central bank said it was cutting rates by to a target range of 0 per cent to 0.25 per cent. "Other things ar...

In one written declaration Posted on Facebook's website on Friday, Chenault said that serving on the Berkshire Hathaway board of directors and working closely with his friend, Berkshire CEO W...

Vice President Mike Pence, asked about the clashing statements during a press conference Saturday, said that " Google issued a statement that they are planning to launch a website ". Google a...

We've reached out to each company for clarification. The measure affects all sailings until 30 April. "During this time, we will continue to work with the CDC and others to prepare for resumption of...

Trump appeared to be unaware that Fábio Wajngarten, the Brazilian official, had been diagnosed with the virus, telling reporters that tests were still outstanding. military's Southern Command in Do...

Workers will still be paid in full during this time off, CNBC reported. OR shoe giant Nike announced Sunday that it would close retail locations in several countries - including in the United St...

Starbucks ( SBUX ) will be introducing recyclable and compostable coffee cups to the United Kingdom this week, fulfilling a promise made a year ago. A few years ago, Starbucks doubled down on its...

In a statement, it said: "FICCI perceives the budget as a balanced and pragmatic one against the backdrop of the global outbreak of Covid-19". Other interesting announcements covered future consulta...

World stocks and the price of oil, one of Canada's major exports, bounced off their lows as central banks stepped in to ease a liquidity squeeze and U.S. "As the situation evolves, Governing Council s...

Friday's rally was broad, with technology stocks accounting for a big slice of the gains. Norwegian Cruise Line and Royal Caribbean Cruises both lost roughly a third of their value. The sell-of came d...

For this objective, the ATO is set to send warnings to hundreds of thousands of Australian cryptocurrency traders, reminding them of their tax obligations . Under this program we obtain cryptocurrenc...