Stocks futures kicked off the overnight session little changed on the heels of another down day during regular equity trading, during which the Dow solidified its worst quarterly drop since 1987....
(Bloomberg) -- Tesla Inc. tends to pull out all the stops at the end of each quarter, with Chief Executive Officer Elon Musk often rallying the troops to deliver as many vehicles as possible to customers.This approach probably didn’t work well for Tesla in March, with shelter-in-place orders and distancing guidelines around the globe limiting how many vehicles the company could hand over. While Musk tried to salvage the quarter by introducing a “touchless” delivery option in select locations, the coronavirus pandemic is expected to have done a number on demand for all automakers.Analysts on average estimate Tesla delivered roughly 77,400 cars worldwide last quarter, the first to include hand-overs of the new Model Y crossover. While that would be a jump from a disappointing result a year ago, it also would mark a more than 30% drop from the record deliveries Tesla reported for the last three months of 2019.“Tesla...
JetBlue Airways Corp plans to reduce daily flights in and out of the four New York City-area airports where it operates by as much as 80% in April as part of wider schedule cuts due to the coronavirus outbreak, a spokesman said. JetBlue plans to reduce its overall schedule from an average of some 1,000 daily departures to about 300 in April, a roughly 70% cut. Flights in and out of New York City-area airports will decline to 60 from 205 and likely see further reductions to as few as 40 per day, the company said....
(Bloomberg) -- Chris Smalls, an Amazon.com Inc. fulfillment center employee, said the company fired him after he led a strike at a warehouse in Staten Island, New York, over coronavirus safety conditions.“Taking action cost me my job,” Smalls said Monday in a Bloomberg TV interview. “Because I tried to stand up for something that’s right, the company decided to retaliate against me.”A group of workers at the Staten Island fulfillment center walked off the job Monday to demand Amazon close the facility for extended cleaning, the latest in a wave of virus-related protests. They say a number of their colleagues there were diagnosed with Covid-19. Organizers say more than 60 workers participated in the protest.In a statement Monday night, New York State Attorney General Letitia James called Smalls’s firing “immoral and inhumane.” James urged the National Labor Relations Board to investigate the incident and also said her office “is considering all...
In response to the COVID-19 outbreak, the Federal Motor Carrier Safety Administration has eased the standards related to commercial learner’s permit holders and obtaining a commercial driver’s license. ...
