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Why Economists Support More Stimulus
Want to get The Morning by email? Here’s the sign-up. Good morning. Momentum is growing for more spending on coronavirus relief. What will Mitch McConnell do? Independent economists overwhelmingly favor the passage of more stimulus money before the end of the year — and the prospects for such a bill seem to be improving. Democratic […]
Jeep, Suzuki models found to have broken EU emissions rules
AMSTERDAM (Reuters) – Fiat Chrysler’s <FCHA.MI> Jeep Grand Cherokee and Suzuki’s <7269.T> Vitara diesel models both break emissions rules and must be fixed or face a ban on sales across Europe, the Dutch road authority ruled on Thursday. The RDW authority, acting as the reference regulator for across the European Union, said Jeep had developed […]
Luckin Coffee chairman defaults on loan, surrenders company shares
By Julie Zhu and Jennifer Hughes HONG KONG/NEW YORK (Reuters) – Luckin Coffee <LK.O> Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu’s family defaulted on a $518 million margin loan, one of the banks said […]