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Flood of Saudi Oil Looms as US Drillers Face Supply Glut

A fleet of tankers full of Saudi oil is slowly making its way to the U.S. Gulf Coast, threatening to worsen an already historic oversupply of crude. The Saudi crude, about seven times as much as the Gulf Coast took from the country in a typical month last year, will ...

Coronavirus Ravages China's Economy—and It's Just Getting Started

BEIJING—Since the Cultural Revolution ended in the mid-1970s, China's economy, fueled by market reforms, has notched up more than four decades of unbroken gains, enlarging the domestic economy by roughly a hundredfold and transforming the world.

US oil rigs see biggest decline in a week since February 2015: Baker Hughes

(Reuters) - Oil rigs in the United States saw their steepest cuts since February 2015 as crude prices more than halved since the start of the year despite fresh global efforts by producers to cut output to counter a glut triggered by demand destruction from the ...

Isntant View: China's first-quarter GDP posts first decline on record as virus shuts down economy

(Reuters) - China's economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began. A street cleaner walks by Beijing's Central ...

The Stock Market Is Ignoring the Economy

The Dow Jones Industrial Average staged its best two-week performance since the 1930s, a dramatic rebound that has left many investors with a confounding reality: soaring share prices and a floundering economy. The explosive rally is a sign that many are ...

Renaissance's $10 Billion Medallion Fund Gains 24% Year to Date in Tumultuous Market

Investors are dealing with pain this year, but Jim Simons and Renaissance Technologies LLC are racking up such huge gains that 2020 could be one of the hedge-fund firm's best years ever. The Long Island-based firm's flagship Medallion hedge fund has ...

The New York Times

Uber and Lyft Are Searching for Lifelines

The New York Times

OAKLAND, Calif. — After Seattle became the first major city in the United States to experience a widespread coronavirus outbreak in March, Uber's business there plunged between 60 and 70 percent, the company's chief executive said. A month later, with ...

Motley Fool

5 High-Yield Dividend Stocks to Watch

Motley Fool

These strong tech players have become cheaper, and their long-term potential, coupled with low payout ratios, makes them solid bets for income investors. Aditya Raghunath. (TMFAdityaR). Apr 17, 2020 at 12:48PM. Equity markets have wiped away billions ...

US Crude Prices Drop to New 18-Year Low

U.S. crude prices slid to a new 18-year low Friday, recording another big weekly drop with the coronavirus pandemic erasing demand for fuel and pressuring energy producers. The May contract for West Texas Intermediate futures, considered the benchmark ...

UPDATE 1-Dollar edges up as overnight optimism proves short-lived; euro falls

marketscreener.com

... * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh (Updates prices, adds commentary). By Elizabeth Howcroft. LONDON, April 17 (Reuters) - The dollar rose slightly Friday, after an overnight boost to risk sentiment quickly lost momentum and investors ...