Markets

Coronavirus: Oil price collapses to lowest level for 18 years

Coronavirus: Oil price collapses to lowest level for 18 years The country is willing to maintain its survival-of-the-fittest oil strategy by using its vast supplies and financial muscle to drive out higher-cost rivals for the long term, sources have told Reuters . Global demand for oil could fall by 20 percent as 3 billion people around the world live in lockdown. According to GasBuddy , the average nationwide price of a gallon of regular gasoline fell t... [Full Article...]

Gas prices falling in Tennessee as COVID-19 slows travel demand

Gas prices falling in Tennessee as COVID-19 slows travel demand The goal behind the low prices? Gasoline prices at some Cleveland gas stations have dipped below one dollar per gallon over the past 24 hours, reaching as low as 67.9 cents Monday night at one station on Cleveland's West Side. "Motorists should continue to be vigilant if they need to fill their tanks- bring hand sanitizer and potentially wipes, but also shop around as the gap between station wid... [Full Article...]

Fed steps in once again to try to smooth out lending markets

Fed steps in once again to try to smooth out lending markets In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The Fed had already opened up USA dollar swap lines with 14 other central banks as companies and governments around the world scramble for dollars. [Full Article...]

DOJ probes Sen. Burr's stock trades ahead of coronavirus market crash

DOJ probes Sen. Burr's stock trades ahead of coronavirus market crash CNN reported on Monday the DOJ, along with the Securities and Exchange Commission, has begun examining Burr's decision to dump thousands of dollars worth of stocks on February 13-less than a week before the stock market sharply dropped because of the coronavirus threat. [Full Article...]

Surprising factory activity numbers in China, according to Beijing stats office

Surprising factory activity numbers in China, according to Beijing stats office The shutdown of China's economy sent out global shockwaves, battering Asian countries that supply its factories with components and raw materials and disrupting shipping, airlines and other industries. Nomura analysts Lu Ting, Wang Lisheng and Wang Jing said in a note ahead of the PMI data release that they expect "deeply negative growth for nearly all activity data in March", given the relatively... [Full Article...]

COVID-19 infection cases surge in Spain; U.S

COVID-19 infection cases surge in Spain; U.S At the same time, he warned this is no time to let up on tough containment measures. Meanwhile, a US Navy hospital ship with 1000 beds arrived in port in NY to help relieve the crisis gripping the city. Nearly 15 percent of all those infected in Spain, almost 13,000 people, are among the country's 646,000 health care professionals. A field hospital opened in New York City's iconic Central Park, ... [Full Article...]

Holland America extends pause on cruise ship operations for 30 more days

Holland America extends pause on cruise ship operations for 30 more days Options include cancellation or a 100% credit on a future cruise with additional onboard credit. The cruise line originally announced that cruise operations would be suspended for 45 days until April 30, 2020 , for North America. Guests will be contacted and be able to choose either a full refund or a future cruise credit for 125 per cent of the booking value, along with a $250 shipboard cred... [Full Article...]

WestJet extends global flight suspensions into May amid COVID-19 pandemic

WestJet extends global flight suspensions into May amid COVID-19 pandemic A company-wide cost reduction and capital deferral program, targeting at least $500 million. Air Canada is working with Ottawa to repatriate Canadians overseas. Rovinescu continues that these temporary layoffs will aid in ensuring that Air Canada will be able to manage through the coronavirus crisis that has taken serious tolls not only on their airline but on every operator within the indus... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499