LONDON (Reuters) – British aero-engine maker Rolls-Royce <RR.L> will likely have to slash its 2020 cash flow target after airline customers parked hundreds of planes due to the coronavirus pandemic, analysts said. Rolls last updated the market at the end of February, when it forecast 2020 free cash flow of 1 billion pounds ($1.2 billion), […]
WASHINGTON (Reuters) – U.S. producer prices increased more than expected in June, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the COVID-19 pandemic continues to strain the supply chain.FILE PHOTO: Lordstown Motors associates work on a pre-production all electric pickup truck, the Endurance, at the Lordstown Assembly Plant in […]
WASHINGTON (Reuters) – Democratic presidential candidate Joe Biden’s former top rival and a Republican critic of President Donald Trump will share a virtual stage in a show of unity on Monday, the first night of a four-day Democratic National Convention. U.S. Senator Bernie Sanders, former first lady Michelle Obama and Republican John Kasich, a former […]
