Alex Schroeder

Latest Stories (169)

GM makes U-turn in Trump's fight over California emissions

GM had previously sided with the Trump administration in a legal fight over California setting its own emissions standards.
General Motors CEO Mary Barra speaks to the news media before the automobiile maker's annual meeting of shareholders at GM world headquarters June 12, 2018 in Detroit, Michigan.
Bill Pugliano/Getty Images

Janet Yellen, Biden's pick for treasury secretary, says U.S. needs more pandemic relief spending

Yellen, a former Fed chair, has advocated for more spending to aid small businesses and the unemployed during COVID-19.
Yellen is seen as an authority on what happens if the government cuts back on stimulus spending too soon.
Brendan Smialowski/AFP via Getty Images

Turkey company to miss Thanksgiving after fire wipes out inventory

But the loyalty of Greenberg Turkeys' customers has the business hoping for a strong return in 2021.
Greenberg Smoked Turkeys usually gets about 200,000 birds to people each year.
Justin Sullivan/Getty Images

Getting states prepared to distribute COVID vaccines

The list includes funding, a plan for communicating with the public, medical personnel training and storage capabilities.
Among other things, states need government funding that hasn't been approved, says  Claire Hannan of the Association of Immunization Managers.
Chandan Khanna/AFP via Getty Images

Lapse in Fed lending programs could cost companies hurt by COVID

Companies hurt by the pandemic could end up paying investors a full percentage point more in interest to buy their bonds.
Treasury Secretary Steven Mnuchin and Chairman of the Federal Reserve Jerome Powell testify during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Sept. 24, 2020, in Washington.
Drew Angerer/Pool/AFP via Getty Images

Oxford-AstraZeneca vaccine may pose fewer distribution challenges

That would be an advantage particularly for getting a COVID-19 vaccine to developing countries.
An illustration picture shows vials with COVID-19 Vaccine stickers attached and syringes, with the logo of the University of Oxford and its partner British pharmaceutical company AstraZeneca, on Nov. 17, 2020.
Justin Tallis/AFP via Getty Images

Mnuchin moves to cut off Fed pandemic emergency lending program

Economist Karen Petrou says the Fed programs have fallen short, but that the Fed needs some facilities in the face of inaction from Congress.
Treasury Secretary Steven Mnuchin and Federal Reserve Board Chair Jerome Powell testify during a Senate Banking Committee hearing on Capitol Hill on Sept. 24, 2020 in Washington.
Drew Angerer/Getty Images

Pfizer to ask today for emergency vaccine authorization

Emergency authorization means the FDA facilitates availability of the vaccine during a declared state of emergency.
An illustration picture shows vials with COVID-19 Vaccine stickers attached and syringes with the logo of pharmaceutical company Pfizer, on Nov. 17, 2020.
Justin Tallis/AFP via Getty Images

Senate blocks Trump Fed nominee Judy Shelton

It seems that Shelton's chances at joining the Federal Reserve’s Board of Governors are narrowing.
Judy Shelton, nominee for the Federal Reserve's Board of Governors.
Sarah Silbiger/Getty Images

U.S. approves return of Boeing's 737 Max airplane

Airlines using Boeing's 737 Max will have to get FAA approval for pilot training programs and complete required maintenance.
The plane had been grounded after a pair of deadly crashes revealed design flaws and trouble in the air certification process.
Joe Raedle/Getty Images