Tesla has filed a lawsuit against Alameda County in California as the company has been unable to resume production at its Fremont factory due to a county order issued in March following the coronavirus pandemic.The luxury electric car-maker alleged that the county order directly contradicts California Governor Gavin Newsom's order.Tesla had received an explicit order from the Sheriff's Office in A...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.