Business

The price for a barrel of West Texas Intermediate crude to be delivered next month plunged 93% to $1.21 in Monday’s trading, the lowest price since the futures contract was launched in 1983. If that […]

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New York City may lose a half-million jobs and run about $10 billion short on tax revenue through mid-2021 because of the coronavirus outbreak, the city’s Independent Budget Office estimated, Bloomberg writes. Retail employment will […]

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President Donald Trump said he will unveil guidelines to relax stay-at-home rules on Thursday, citing signs that the coronavirus outbreak is plateauing in parts of the country, Bloomberg reported. “The battle continues, but the data […]

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The Internal Revenue Service on Wednesday launched an online tool to allow taxpayers to give the agency their direct deposit information to help speed up the coronavirus relief payments to Americans, Fox News informed. The IRS’s “Get […]

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Saudi Arabia is selling a Eurobond as it follows other Middle Eastern states that have tapped the market in recent weeks to bolster their finances in the face of the coronavirus pandemic and plunging energy […]

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Canadian lawmakers approved a bill to subsidize wages by 75% in a bid to stabilize the economy as Prime Minister Justin Trudeau called the coronavirus his generation’s greatest challenge yet, Bloomberg reports. The flagship C$73 […]

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OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to […]

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Asian shares are steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve’s titanic effort to support the economy through the coronavirus crisis, […]

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The U.S. government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a […]

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Oil rose as investors weighed whether output cuts being discussed by the world’s top producers will be enough to offset the demand destruction wrought by the coronavirus, Bloomberg reported. Futures in New York climbed around […]

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Tesla told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because of the coronavirus outbreak, Reuters writes. Tesla said it planned […]

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World stock markets enjoyed a second day of sharp gains on Tuesday as signs of progress against the coronavirus in both Europe and the United States and more liberal helpings of stimulus kept investors charging […]

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Stocks jumped on Monday as investors were encouraged by a slowdown in coronavirus-related deaths and new cases, while oil prices skidded after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, Reuters reported. […]

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U.S. Treasury Secretary Steven Mnuchin said he was pressing ahead with the Friday launch of a $349 billion coronavirus rescue loan program for small businesses, after conceding to bank demands to fix aspects of the […]

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Warehouse, delivery and retail gig workers in the United States went on strike on Monday to call attention to safety and wage concerns for people laboring through the coronavirus crisis, Reuters reported. Among the strikers […]

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Twelve days ago, General Motors put hundreds of workers on an urgent project to build breathing machines as hospitals and governors pleaded for more in response to the coronavirus pandemic, The Associated Press reported. But […]

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Group of 20 trade ministers will hold an emergency video conference from 1200 GMT on Monday to discuss cooperation on supply chains, Japan’s foreign ministry said, Reuters reported. Japan’s trade minister Hiroshi Kajiyama and vice […]

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