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NEW YORK — The Nasdaq composite wiped away the last of its coronavirus-induced losses to set a record June 8.

The nationwide average price of a gallon of diesel increased by 1 cent to $2.396, according to the weekly report from the Energy Information Administration on June 8.

WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared June 8.

Herbert Diess, CEO of Volkswagen, ceded direct control of the German company’s main passenger car brand after clashing with labor unions over production issues affecting two key models.

Tesla Inc. said the drop in pollution during coronavirus-related shutdowns could embolden governments that already have been making plans to eventually ban vehicles that run on fossil fuels.

Shares of Nikola Motor Co. surged 104% to a record in its third day of trading on the Nasdaq after a merger with VectoIQ Acquisition Corp.

An executive order to expedite the permitting process for big-ticket infrastructure projects that President Donald Trump signed recently is meant to assist the economy during the pandemic.

Daimler Truck AG has established Daimler Truck Fuel Cell GmbH & Co., the organizational and legal framework intended to bring together all of the group’s fuel cell activities.

Oil fell after Saudi Arabia said it wouldn’t continue its additional, deeper output curbs after June.

NEW ORLEANS — Tropical Storm Cristobal weakened into a depression early June 8 after inundating coastal Louisiana and ginning up dangerous weather along most of the U.S. Gulf Coast, sending waves crashing over Mississippi beaches, swamping parts of an Alabama island town and spawning a tornado in Florida.