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Trump's favorite scapegoat emerges as his best ally in US economic rescue effort (CNN) President Donald Trump's closest ally in the fight to stave off the worst economic disaster since the Great Depression is the same man he's pilloried for years: Federal Reserve Chairman Jerome Powell. The world's most powerful central bank has done ...
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Record oil output cuts fail to make waves in coronavirus-hit market SINGAPORE (Reuters) - Falling oil prices on Monday showed that oil producers still have a mountain to climb despite record output cuts in an effort to restore market balance as the coronavirus pandemic shreds demand and sends stockpiles soaring, industry ...
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Stock market live updates: Dow drops 400, big oil deal, Caterpillar slides Stocks fell on Monday, surrendering a portion of their historic rallies in the prior week. The Dow's losses were concentrated in names like Visa and Caterpillar, which slid after an analyst downgraded the stock. S&P 500 losses were led by real estate ...
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Flight Attendants and Pilots Ask, 'Is It OK to Keep Working?' Molly Choma, a flight attendant for Alaska Airlines, had worked nearly every day since mid-March, even as the coronavirus outbreak devastated her industry. But last Sunday, she woke up alone in a room in a nearly empty hotel and wondered if it was time to ...
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US Food Supply Chain Is Strained as Virus Spreads The nation's food supply chain is showing signs of strain, as increasing numbers of workers are falling ill with the coronavirus in meat processing plants, warehouses and grocery stores. The spread of the virus through the food and grocery industry is expected ...
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Oil climbs more than $1/barrel as OPEC, allied producers agree record output cut SINGAPORE/NEW YORK (Reuters) - Oil prices jumped more than $1 a barrel on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it won't be enough to head off oversupply with the ...
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Oil mixed as demand worries offset gains from output cut deal NEW YORK (Reuters) - Oil prices were mixed on Monday, as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about the demand destruction brought on by the coronavirus pandemic. This video ...
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The Big Deal to Cut Oil Production May Not Be Big Enough HOUSTON — The agreement by major oil producers on Sunday to reduce their daily production by 9.7 million barrels was the largest cutback in history and a feat of remarkable coordination by more than 20 nations led by Saudi Arabia and Russia with ...
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Ad Giant Publicis Warns of Unprecedented Spending Pullback The head of one of the world's largest ad-agency conglomerates warned the industry is facing a far more severe pullback in advertising spending than the one that buffeted Madison Avenue in the wake of the financial crisis. "This crisis is going to be ...
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Food Workers Say CDC Guidelines Put Them at Greater Risk for Infection Lisa Harris, a cashier at a Kroger grocery store in Virginia, was surprised last week when a customer offered her a $5 bill as a tip. Ms. Harris, a Kroger employee for 13 years, cited store policy in declining the generous offer. The woman was clearly ...
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