Mexico to reopen auto factories, helping US carmakers struggling to recover from coronavirus shutdowns


An employee installs the rear passenger door on a test frame for a Volkswagen AG Tiguan compact sport utility vehicle inside the company’s production plant in Puebla, Mexico.

Susana Gonzalez | Bloomberg | Getty Images

As automakers prepare to restart U.S. manufacturing, potential parts shortages south of the border appear to have been diverted.

 Some Mexican auto factories are due to open as soon as Monday, in line with large U.S. assembly plants for the Detroit automakers. Mexican President Andres Manuel Lopez Obrador is expected on Wednesday to lay out a road map for the country to reopen its economy,

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Struggling doctors apply for SBA loans to keep practices afloat


Dr. Laura Heisler is hoping that the new round of congressional funding for the Payroll Protection Program will provide a lifeline to keep her practice afloat.

The chiropractor has gone from seeing 15 patients a day to an occasional emergency case over the last month, since the coronavirus pandemic hit her community in New Rochelle, New York, and state officials asked all doctors offices to curtail nonemergency appointments.  

“I have a patient who emailed me yesterday and said, ‘I’m in acute pain, do you have any advice?’ I said yes come in and get treated, and she said, ‘I haven’t

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U.S.’s Mnuchin considers lending program for struggling oil companies: Bloomberg News


FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin answers questions during the daily coronavirus task force briefing at the White House in Washington, U.S., April 21, 2020. REUTERS/Jonathan Ernst

(Reuters) – Treasury Secretary Steven Mnuchin said he is considering a government lending program for U.S. oil companies looking for federal aid as they cope with a devastating plunge in prices, Bloomberg News reported on Thursday.

Oil prices have crashed as demand has shrunk due to lockdowns during the coronavirus pandemic.

“One of the components we’re looking at is providing a lending facility for the industry. We’re looking at a lot of

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Young investors rush into struggling oil ETF that isn’t even tracking the price of oil anymore


Fuel prices are displayed at a Phillips 66 gas station in Princeton, Illinois, U.S., on Wednesday, April 1, 2020.

Daniel Acker | Bloomberg | Getty Images

Some millennial investors have been duped by a complex oil ETF that is struggling to stay alive. 

Traders on Robinhood and SoFi Invest flocked to buy the United States Oil exchange-traded fund, or USO, this week as its price plummeted below $3. But many got in for the wrong reasons.

Retail investors mistakenly thought this fund was a proxy for the “spot,” or cash, price of oil, and bought in as its price plummeted.

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