Traders bet U.S. Fed will slash interest rates in coming months
Futures traders are betting the Federal Reserve will slash U.S. interest rates in coming months to blunt damage to the world’s largest economy, as governments and companies move to control the spread of the new coronavirus by limiting travel and public…
OPEC’s pact with Russia falls apart, sending oil into tailspin
A three-year pact between OPEC and Russia ended in acrimony on Friday after Moscow refused to support deeper oil cuts to cope with the outbreak of coronavirus and OPEC responded by removing all limits on its own production.
Investors look for buys as virus fears crush travel stocks
Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak.
Coronavirus infections pass 100,000 as outbreak wreaks financial havoc
The number of people infected with coronavirus across the world surpassed 100,000 on Friday as the outbreak reached more countries and the economic damage intensified, with business districts beginning to empty and stock markets tumbling.
OPEC cuts deal falls apart as Russia resists, sending oil into tailspin
A three-year honeymoon between OPEC and Russia descended into acrimony on Friday after Moscow refused to support deeper oil cuts to cope with the outbreak of coronavirus and OPEC responded by removing all limits on its own production.
Saudi energy minister says he will ‘keep you wondering’ on oil output
Saudi Arabia’s energy minister said on Friday he would “keep you wondering” when asked if the kingdom could raise oil production after the collapse of an OPEC+ deal on output restraint.
JP Morgan CEO ‘feels really good’ after emergency surgery: FT
JP Morgan Chase & Co CEO and Chairman Jamie Dimon has spoken to senior colleagues and ‘feels really good’ after undergoing heart surgery, the Financial Times reported https://www.ft.com/content/55538a00-5f3b-11ea-8033-fa40a0d65a98 on Friday, citing people familiar with the matter.
Tesla advertises for solar, energy storage staff in China
Tesla Inc has advertised for solar and energy storage project managers in China, as the U.S. electric vehicle maker moves to expand its energy business into the country.
Facebook closes London offices until Monday due to coronavirus
Facebook said on Friday it is closing its London offices until Monday after a visiting employee from Singapore was diagnosed with coronavirus.
Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut
Oil prices tanked over 8% on Friday and hit their lowest since mid-2017 after Russia balked at OPEC’s proposed steep production cuts to stabilize prices as the coronavirus outbreak slows the global economy and hurts energy demand.
