(Reuters) – A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of unwanted stocks with storage capacity already overflowing amid a coronavirus-induced demand collapse. FILE PHOTO: An employee holds a sample of crude oil at the Yarakta oilfield, owned
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FILE PHOTO: Sen. Bill Cassidy (R-LA) speaks with reporters ahead of the weekly policy luncheons at the U.S. Capitol in Washington, U.S., February 13, 2018. REUTERS/Aaron P. Bernstein WASHINGTON (Reuters) – A U.S. Senate Republican and a Democrat proposed a $500 billion rescue package for state and municipal governments on Monday, as it became increasingly
SINGAPORE (Reuters) – Crude oil futures fell on Monday, with U.S. futures dropping more than 10% to levels unseen since 1999 amid concerns that U.S. storage facilities will soon be brimful with demand evaporating due to the coronavirus pandemic. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on
(Reuters) – Wynn Resorts Chief Executive Officer Matt Maddox on Sunday called on the Nevada governor to begin to reopen the Las Vegas Strip in mid- to late May with extensive safety measures in place, assuming the state is in line with certain benchmarks around the spread of the coronavirus. FILE PHOTO: Company logos are
WASHINGTON (Reuters) – U.S. banks are pushing the Federal Reserve to change the terms of a $600 billion lending program for small and medium-sized businesses, including reducing minimum loan sizes and allowing more flexibility on underlying reference rates, industry groups said. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S.,
(Reuters) – Amazon.com Inc has started to use thermal cameras at its warehouses to speed up screening for feverish workers who could be infected with the coronavirus, employees told Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol/File Photo The cameras in
Walmart’s logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski (Reuters) – Walmart Inc (WMT.N) said on Friday it would hire 50,000 more workers at its stores, clubs and distribution centers to meet a surge in demand for groceries and household essentials
The human spirit is slowly navigating through the planet’s unprecedented challenges. There is not a human on Earth who’s life hasn’t changed in one way or another, especially for those in the music industry, which is a tough business to begin with and particularly for those musicians who are accustomed to playing live and often. One
FILE PHOTO: File photo of a 3D printed Google logo in illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Alphabet Inc’s (GOOGL.O) Google would waive off the fee it collects from news publishers using its ad services for the next five months, the search giant said on Friday. News publishers, especially the print
BEIJING/SINGAPORE (Reuters) – China’s daily crude oil throughput in March sank to a 15-month low with state refiners maintaining deep output cuts as the coronavirus pandemic erodes demand, but there are some signs of recovery as the country begins to ease virus-related curbs. FILE PHOTO: A crude oil tanker is seen at Qingdao Port, Shandong
(Reuters) – The S&P 500 and Dow Jones slipped on Thursday, giving up early gains as concerns about dismal first-quarter earnings and lasting economic damage from the coronavirus pandemic offset better-than-expected weekly jobless claims numbers. FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak
SINGAPORE (Reuters) – Asia’s stock markets retreated from their highest levels for a month and the dollar extended gains on Thursday as the damage the coronavirus has wrought on the world economy soured appetite for risk. FILE PHOTO: Pedestrians wearing face masks walk near an overpass with an electronic board showing stock information, following an
(Reuters) – Apple Inc (AAPL.O) on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company’s smartphone line in a move to broaden its appeal to budget-conscious customers as the coronavirus hobbles the global economy. Apple Inc’s second generation iPhone SE is seen in this undated handout photo released on
TOKYO (Reuters) – Oil prices climbed on Wednesday, bouncing back from the previous session’s large losses, as investors looked for bargains and supported by hopes that consuming countries will look to fill their strategic reserves. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas,
NEW YORK (Reuters) – The main things investors wanted to learn from first-quarter results by JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) on Tuesday was just how bad the coronavirus recession is going to get and how long it will take to get back to normal. FILE PHOTO: People walk by
SHANGHAI (Reuters) – Apple Inc (AAPL.O) shipped roughly 2.5 million iPhones in China in March, a slight rebound after one of its worst months in the country ever, according to government data published on Friday. FILE PHOTO: People wearing protective masks are seen in an Apple Store, as China is hit by an outbreak of