Tesla Chief Elon Musk Monday stated manufacturing was resuming at the EV manufacturer’s sole U.S. vehicle manufacturing unit, in California, defying an order to remain…
Hoboken Observer
Turkey Warns of Targeting Haftar’s Forces in Libya
Turkey stated Sunday it would deem the forces of Libyan General Khalifa Haftar “legitimate targets” if what it termed their attacks on its interests and…
Oil Jumps As Saudi Arabia Moves to Deepen Output Cuts
Oil futures jumped Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen output reductions in June in an attempt to help drain the…
Chesapeake Contemplates Bankruptcy Filing After Oil Battle
Chesapeake Energy stated Monday it was unable to access financing and was contemplating a bankruptcy court shakeup of its more than $9 billion debt if oil…
U.S. Auto Factory Staff Returns to Work Amid Resurgence of Coronavirus
Manufacturing facility staff started returning to assembly lines in Michigan Monday, paving the way to reopen the U.S. auto industry but stoking fears of a…
Hope for Precision Fades Amid Pandemic Ambiguity in U.S.
Central bankers who’ve spent a generation researching how their words impact the economy and honing the craft of forwarding guidance are now effectively tongue-tied by a…
White House Senators Discussing More Coronavirus Relief as Unemployment Rate Worsens
The White House has started informal discussions with Republicans and Democrats in Congress about what to include in another round of coronavirus relief laws, officers…
Oil Again Plunges Amid Flooding Storage, Fears of Second COVID-19 Wave
Oil costs plunged Monday as concern over a persistent excess and financial gloom brought on by the coronavirus pandemic combined to cancel out support from…
Spanish A400M Atlas Get Hits By Bird While Touching Down
Spanish Air Force A400M Atlas army transport plane suffered a bird strike while landing in Zaragoza. The bird-aircraft collision occurred when an A400M was performing…
Andretti Eager to See Ferrari Join North American IndyCar Series
Motor racing god Mario Andretti would like to see Italian car manufacturer Ferrari be part of the North American Indycar series as a chassis and…