Oil prices rise on Saudi voluntary cuts
Oil prices rose on Monday, recovering earlier losses on news that leading exporter Saudi Arabia will reduce its output by 1 million barrels per day (bpd) on top of reductions agreed under an OPEC+ supply pact.
Oil prices rose on Monday, recovering earlier losses on news that leading exporter Saudi Arabia will reduce its output by 1 million barrels per day (bpd) on top of reductions agreed under an OPEC+ supply pact.
Stock markets fell on Monday after reports of a pick-up in new coronavirus cases rattled investors, who worried that it could slow or reverse the loosening of lockdown measures.
British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation industry warned of the fresh damage it would suffer if Britain quarantines international arrivals.
U.S. stock index futures fell on Monday following a strong week of gains for Wall Street, as investors turned cautious about a second wave of coronavirus infections with several countries reopening economies.
The CARES Act provides relief measures for cash-strapped borrowers, including breaks on mortgages and student loan payments. But it will take firm federal oversight to ensure consumers benefit, said consumer advocate Richard Cordray, former director of the CFPB.
Hedge fund investor Paul Tudor Jones said the country may have trouble following contact tracing and other methods used by other nations to contain the virus quickly because of how Americans feels about individual freedoms.
U.S. hotel operator Marriott missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to coronavirus-led lockdowns that kept a quarter of its hotels closed.
Toyota Motor Corp plans to slash North American production by nearly a third through October and expects it will take some time for output to return to normal, according to a person familiar with the matter.
U.S. stocks opened lower on Monday after last week's rally as investors worried about a second wave of coronavirus infections with the reopening of several economies.
U.S. Treasury Secretary Steven Mnuchin said on Monday he sees no need for the country to buy back debt and that he plans to borrow money long-term to lock in low interest rates, as the coronavirus pandemic rocks the economy.
Forbes | Jason Brett | May 10, 2020 Dawn Dickson is the founder and CEO of PopCom, a company she has been working on since 2012 that is an automated retail technology company with a hardware and software (SaaS) solution for self-service retail. Essentially, PopCom makes vending machines and kiosks smarter by allowing retailers to
Toyota Motor Corp plans to slash production in North America by nearly a third through October due to the coronavirus crisis and expects it will take some time for output to return to normal, a person familiar with the matter said.
The S&P 500 and Dow Jones indexes retreated on Monday after last week's rally, as investors worried about a second wave of coronavirus infections with the reopening of several economies.
Fritz Gerber, the long-time head of Roche Holding who helped transform the Swiss company from an image-tarnished vitamins, drugs and chemicals conglomerate into a biotechnology and diagnostics giant, has died at the age of 91.
Wizz Air needs more details on British plans to quarantine travellers before it can assess its impact after seeing strong demand for the routes it has started operating, its chief executive told Reuters.