Google Alert - Business

	Business Daily update ⋅ March 11, 2020
	NEWS
	Wall Street Journal How Saudi Arabia's Oil-Price War Could Backfire Wall Street Journal Saudi Arabia and Russia intensified an escalating oil-market war on Tuesday, with Riyadh raising output and Moscow saying it was ready to pump more crude. State-run Saudi Arabian Oil Co. said it would boost production to 12.3 million barrels a day in April, ... Flag as irrelevant
	Reuters Dollar extends gains but oil and coronavirus pose major risks Reuters TOKYO (Reuters) - The dollar steadied somewhat on Tuesday after heavy losses against the yen, the euro and the Swiss franc, but traders warn the risks to the greenback remain high as policymakers try to fight off the widening fallout from the coronavirus ... Flag as irrelevant
	The New York Times It's Not 9/11 or a Housing Crash. So What's the Economic Playbook? The New York Times The government can't prevent the coronavirus from damaging the U.S. economy. The usual tools that economic policymakers rely on, like tax cuts and stimulus spending, won't restore canceled conferences, unclog supply chains or persuade wary consumers ... Flag as irrelevant
	Wall Street Journal Energy Industry Faces Reckoning After Oil Prices Crash Wall Street Journal The oil-price collapse wiped out tens of billions of dollars in energy-company stock market value in a moment Monday, calling into question the industry's ability to pay a huge tab that it rang up with bondholders and banks to fuel its price war with OPEC. Flag as irrelevant
	The New York Times Trump to Meet Bank Executives Amid Market Turmoil The New York Times As the markets rage and more businesses reel from the impact of the spreading coronavirus, President Trump plans to meet with officials from the nation's banks at the White House on Wednesday afternoon. The meeting, which is scheduled for 3, is expected ... Flag as irrelevant
	The New York Times Investors Move Back In After Worst Market Rout in Years The New York Times Global shares rose one day after coronavirus fears and oil market disruptions caused the biggest stock sell-off in a decade. Still, bonds and gold prices signaled persistent worries. Right Now. Major European markets opened 2 percent higher. Flag as irrelevant
	Wall Street Journal Coronavirus Sends Food Prices Soaring in China, as Producer Prices Slump Wall Street Journal BEIJING—Falling prices for industrial wholesale goods combined with consumer food inflation at a decade high present Chinese policy makers with a worsening dilemma as the coronavirus continues to freeze economic activity in China and around the world. Flag as irrelevant
	The New York Times Latest Wells Fargo Chief Promises to Reform 'Broken' Culture The New York Times When the chief executive of Wells Fargo, Charles W. Scharf, appeared before the House Financial Services Committee on Tuesday, the committee's chairwoman opened with an ominous warning: The last two Wells Fargo chiefs to face Capitol Hill inquisitions ... Flag as irrelevant
	Reuters Oil jumps 8% on stimulus hopes, spending cuts by US producers Reuters NEW YORK (Reuters) - Oil prices jumped over 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and U.S. producers slashed spending in a move that could cut output. Flag as irrelevant
	The New York Times US Airlines Say They Can Absorb Impact of Coronavirus on Travel The New York Times The coronavirus has pummeled airlines in the United States, especially in recent weeks, but the industry is prepared to suffer the blows. That's what a parade of chief executives from the major carriers said Tuesday at an online-investor conference convened ... Flag as irrelevant
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