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| Thirst for Oil Vanishes, Leaving Industry in Chaos As people stay home to avoid the new coronavirus, the petroleum business is 'experiencing a shock like no other in its history'. Driving is down sharply, including on this Los Angeles freeway interchange. Maxar Technologies. By. Russell Gold,. Russell Gold. | |
| IMF Predicts Worst Downturn Since the Great Depression WASHINGTON — The International Monetary Fund issued a stark warning on Tuesday about the coronavirus's economic toll, saying that the world is facing its worst downturn since the Great Depression as shuttered factories, quarantines and national ... | |
| Airlines Stagger on With US Aid, Awaiting Return to Skies U.S. airlines reached preliminary deals with the Treasury Department to access billions of dollars in aid, securing a temporary lifeline as the industry waits for customers to start flying again. The agreements cover all major airlines, the Treasury said in a ... | |
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| Texas Regulators Weigh Historic Oil Cuts After Coronavirus Texas regulators on Tuesday debated curtailing oil output in the state in response to cratering demand caused by the new coronavirus. The virtual discussion by the Railroad Commission of Texas over whether to limit production—a step the state hasn't taken ... | |
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| Here is everything the Fed has done to save the economy The Federal Reserve has taken unprecedented actions to save the economy during the coronavirus crisis. There have been rate cuts and a slew of credit and lending programs that could inject more than $6 trillion into the economy. Congress has passed $2 ... | |
| Even Google and Facebook May Face an Ad Slump OAKLAND, Calif. — Google's and Facebook's advertising businesses, which have roughly tripled in combined size over the last five years, may be headed for a rare stumble as the coronavirus pushes the global economy into a tailspin. Once-abundant travel ... | |
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