OPEC and other oil nations held talks on Thursday on record production cuts of up to 20 million barrels per day, equivalent to about 20% of global supplies, to support prices hammered by the coronavirus crisis, OPEC and Russian sources said.
Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses, while energy stocks jumped on an expected cut in oil production.
Citigroup Inc said on Thursday it is offering full-time positions to its interns, but delaying the new class of summer intern program to July 6 amid the current coronavirus crisis.
OPEC and other oil producers will debate on Thursday oil cuts as big as 20 million barrels per day, equivalent to about 20% of global supplies, one OPEC source and a Russian source told Reuters.
OPEC and other major oil producers on Thursday discussed potential big output cuts in the face of a huge fall in demand due to the coronavirus crisis.
U.S. House Speaker Nancy Pelosi said on Thursday the country's smallest businesses need to be protected against the ravages of the coronavirus outbreak and pushed for $60 billion to be allocated to those enterprises in the next funding allocation.
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping 6 million for the second straight time last week as the novel coronavirus outbreak relentlessly savages the economy.
Russia and Saudi Arabia have overcome differences that had presented potential hurdles to a plan for major oil output cuts aimed at shoring up crude prices hammered by the coranavirus crisis, the head of Russia's wealth fund said on Thursday.
Excelso Sabulao delivers groceries for Amazon.com Inc in California so he can help provide his parents an income. Now, with endless interactions at stores and at homes during a pandemic, he worries his work will kill them.
Fiat Chrysler reached a deal with unions on Thursday over measures to adopt in its Italian plants once the government eases restrictions on business activity put in place to contain the coronavirus outbreak.
Unemployment insurance varies dramatically from state to state in many respects, such as the amount and duration of benefits.
Coindesk via yahoo finance | Paddy Baker | April 9, 2020 Canadian investment manager 3iQ said The Bitcoin Fund, for which it originally filed a prospectus back in October, began trading on the TSX on Thursday. The fund works along the same lines as an exchange-traded product (ETP): investors purchase shares in the fund and
The Federal Reserve may expand a program to back Small Business Administration loans to include non-bank lenders as a way to help speed distribution of $350 billion in loans considered critical to helping the smallest firms through the coronavirus crisis.
Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling.
U.S. Treasury Secretary Steven Mnuchin said on Thursday that aid for airlines will be the "next big thing" to be rolled out after the Federal Reserve announced new lending backstops for smaller and midsize companies and municipal bonds.