OPEC, Russia Strike Deal to Cut Oil Production

VIENNA—OPEC and a coalition of oil producers led by Russia reached an agreement Friday to join in a significant production cut that could mop up a burgeoning global crude-supply glut. The Organization of the Petroleum Exporting Countries along with Russia and its allies will curb oil output by a collective 1.2 million barrels a day,…

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Qatar to Leave OPEC as Cartel Pressured to Cut Production

Qatar said it plans to leave OPEC after nearly six decades, a move seen as seeking to curry favor with the Trump administration and spurning neighboring Saudi Arabia. The decision by the Persian Gulf emirate—which is locked in an 18-month diplomatic standoff with Saudi Arabia, the cartel’s kingpin—comes as OPEC faces strong headwinds. The cartel…

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Tesla Faces Deepening Criminal Probe Over Whether It Misstated Production Figures

Tesla Inc., with a fresh civil fraud settlement now behind it, faces a new legal problem: a deepening criminal investigation. Federal Bureau of Investigation agents are examining whether Tesla misstated information about production of its Model 3 sedans and misled investors about the company’s business going back to early 2017, people familiar with the matter…

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Tesla Faces Deepening Criminal Probe Over Whether It Misstated Production Figures

Tesla Inc., with a fresh civil fraud settlement now behind it, faces a new legal problem: a deepening criminal investigation. Federal Bureau of Investigation agents are examining whether Tesla misstated information about production of its Model 3 sedans and misled investors about the company’s business going back to early 2017, people familiar with the matter…

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Trump Presses Apple to Shift Production to U.S.

President Trump called on Apple Inc. to shift production to the U.S. and out of China, reviving a longstanding criticism and pressuring the iPhone maker to help fulfill the administration’s economic goal of restoring American manufacturing. In a Saturday morning tweet, Mr. Trump said that if Apple wants to avoid tariffs on its products, it…

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Trump Presses Apple to Shift Production to U.S.

President Trump called on Apple Inc. to shift production to the U.S. and out of China, reviving a longstanding criticism and pressuring the iPhone maker to help fulfill the administration’s economic goal of restoring American manufacturing. In a Saturday morning tweet, Mr. Trump said that if Apple wants to avoid tariffs on its products, it…

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Davivienda Colombia Manufacturing PMI Production Index at 55.6

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SEC Probes Tesla Over Model 3 Production Disclosures

Securities regulators began investigating last year whether Tesla Inc. misled investors about its Model 3 car production problems, according to people familiar with the matter. The Securities and Exchange Commission subpoenaed a parts supplier for the auto maker as part of the probe, one of the people said, well before the regulators began looking into…

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U.S. Industrial Production Rebounded in June

WASHINGTON—U.S. industrial production rose solidly in June, a sign of strength in the economy powered by gains in the mining and manufacturing sectors. Industrial production—a measure of output at factories, mines and utilities—rose a seasonally adjusted 0.6% in June from the prior month, the Federal Reserve said Tuesday. Economists surveyed…

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