Mexico’s auto industry restart gathers steam, Ford still waiting


MEXICO CITY (Reuters) – Mexico’s auto industry reopening picked up pace on Tuesday, with Fiat Chrysler (FCHA.MI) and BMW AG (BMWG.DE) joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co (F.N) and other companies.

FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show, Belgium January 9, 2020. REUTERS/Francois Lenoir

In mid-May, officials said the industry could exit a mandatory coronavirus lockdown before June 1 if safety measures were approved.

However, some Mexican governors have urged caution as new coronavirus

Read More

Tractor Supply Company, Disney, Novavax and more


An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020.

Daniel Slim | AFP | Getty Images

Check out the companies making headlines after the bell.

Tractor Supply Company — The farm supplies retailer’s stock shot up 7% in extended trading after the company provided its financial outlook for the second quarter of 2020 at a time when many companies are withdrawing guidance. Tractor Supply said it expects “record-breaking” sales and earnings, as well as comparable-store sales growth of 20% to 25%. The company’s stock

Read More

Stock futures flat as investors weigh economy reopening and US-China tensions


U.S. stock futures were flat in overnight trading, as investors juggled optimism about the reopening of the economy and a possible coronavirus vaccine as well as concerns about U.S.-China tensions. 

Recent hopes for a return to normal consumer habits has pushed the Dow Jones Industrial Average and S&P 500 to briefly touch key market levels for the first time since early March; however, a escalation of U.S.-Chinese tensions has capped gains. 

Dow futures fell about 20 points. The S&P 500 and Nasdaq were also lower, with losses of 5 points and 7 points, respectively.

Stocks started the holiday-shortened week off

Read More

Used car dealer charged with price gouging New York City on 3M’s N95 masks


NEW YORK (Reuters) – A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 respirator masks in a roughly $45 million scheme.

FILE PHOTO: Various N95 respiration masks at a laboratory of 3M, which has been contracted by the U.S. government to produce extra masks in response to the country’s novel coronavirus outbreak, in Maplewood, Minnesota, U.S. March 4, 2020. REUTERS/Nicholas Pfosi/File Photo

The U.S. Department of Justice said Ronald Romano, 58, sought quick riches in late March when his Performance

Read More