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US imports from China are growing strongly – quartz

US imports are at a five-year low, according to data released today by the US Department of Commerce. But while trade with the vast majority of countries has declined since March, US imports from China are growing. What happened? The value of US imports dropped to $ 164 billion in May, the lowest monthly figure in more than five years. …

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PG&E comes out of bankruptcy, pays $ 5.4 billion in the wildfire fund

SAN FRANCISCO – Pacific Gas & Electric has emerged from a controversial bankruptcy case that began after its long-neglected power grid ignited wildfires in California that killed more than 100 people. The nation’s largest tool announced Wednesday that it came from Chapter 11 bankruptcy and paid $ 5.4 billion in initial funds and 22.19% of its stock to a fire …

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Mark Zuckerberg: Advertiser Boycott of Facebook Will End “Enough Soon” | Technology

Mark Zuckerberg has dismissed the threat of a punitive boycott from big advertisers pushing Facebook to take a stronger stance on hate speech, saying they will be back “soon enough”. According to a report from the technical news site The Information, the Facebook founder and CEO sees the boycotts of major brands including Starbucks and Coca-Cola as a public relations …

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Bar owners expect costly stops and begin when states close them again

People are queuing up to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images The list is getting longer. Governors in Michigan, Florida, Texas, California, Colorado and Arizona close thousands of bars again before the Fourth of July weekend as Covid-19 cases in those states grow. For bar …

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Coronavirus vaccine tracker: How close are we to a vaccine? | World News

Preclinical vaccines not yet in human trials 132 Phase 1 vaccines in small-scale safety studies 14 Phase 2 vaccines in extended safety studies 8 Phase 3 vaccines in large-scale efficacy studies 2 Approved vaccines approved for general use 0 Source: WHO. Last updated July 2 Researchers around the world are competing to develop a vaccine against Covid-19, with more than …

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Tesla stocks rockets higher as quarterly sales crush expectations

Tesla Inc.’s massive stock rally continued Thursday after the Silicon Valley automaker easily exceeded second-quarter sales expectations. Tesla TSLA, + 6.48% said it delivered about 90,650 vehicles in the second quarter, before the 72,000 deliveries that analysts investigated by FactSet had predicted. Tesla’s actual delivery bill, its proxy for sales, also conveniently surpassed even the highest estimate tracked by FactSet, …

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Ford second-quarter sales are down 33.3% due to coronavirus

An employee of Ford Motor inspects the all-new Ford Explorer 2020 before rolling to ensure quality for our customers. Ford Ford Motor reported Thursday that its US vehicle sales in the second quarter decreased by 33.3%, in line with industry expectations, as the corona virus caused consumers to stay home and dealers and factories quit. Ford’s decline was less than …

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