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Hotelier's Push for $126 Million in Small-Business Aid Draws Scrutiny Monty Bennett's sprawling hospitality company is the biggest known beneficiary of the government's small-business relief program. The Texas conservative has remained unwilling to return his loans even as public anger builds over large companies getting ...
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Cramer's week ahead: Wall Street is having a 'curb-your-enthusiasm moment' ″'Sell in May and go away' is suboptimal advice, people, but this May, it just so happens that the market's run too much versus the fundamentals," CNBC's Jim Cramer said. "I really do believe it's worth waiting for the market to go lower to do any buying ...
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Exxon Posts First Loss in Decades as Oil Giants Signal Trouble Ahead for Industry Exxon Mobil Corp. XOM -4.22% posted its first quarterly loss in three decades as it and rival Chevron Corp. CVX -3.14% painted a dismal picture of the oil industry, signaling that the impact of the coronavirus pandemic may hang over their businesses for much ...
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In quest for vaccine, US makes 'big bet' on company with unproven technology (CNN) It almost felt like an episode of "Shark Tank." One by one, vaccine developers at a White House roundtable convened by President Donald Trump in early March pitched their product as a viable solution to the coronavirus that was spreading globally ...
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6 Questions for Warren Buffett at Berkshire Hathaway's Annual Meeting This weekend, Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) will release first-quarter earnings and hold its 55th annual meeting -- virtually. Usually, the Berkshire Hathaway annual meeting is "Woodstock for Capitalists," where like-minded investors from ...
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Exxon Mobil posts loss on $3 billion writedown, oil price plunge HOUSTON (Reuters) - Exxon Mobil Corp (XOM.N) on Friday joined a parade of oil companies posting downbeat results on plunging oil demand and collapsing prices, reporting a $610 million first-quarter loss after a nearly $3 billion inventory writedown.
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US drillers cut oil rigs for seventh week in a row: Baker Hughes (Reuters) - U.S. energy firms cut oil rigs for a seventh week in a row as major producers slam the brakes on shale oil production at a time when crude prices and fuel demand have plunged due to global lockdowns to fight the coronavirus pandemic.
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Exxon, Chevron slam brakes on shale as oil demand tumbles HOUSTON (Reuters) - Exxon Mobil Corp and Chevron Corp are slamming the brakes on U.S. shale oil production at a time when crude prices and fuel demand have plunged due to global lockdowns to fight the coronavirus pandemic. This video file cannot be ...
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How Boeing Went From Appealing for Government Aid to Snubbing It NEW YORK/WASHINGTON — In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. The company's $25 billion bond issue this week made all the difference. The upsized deal, this year's largest ...
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May's Rough Start: Apple, Amazon, Energy Company Earnings Drag Market In Early Going Key Takeaways: Amazon AMZN says it will spend $4 billion on coronavirus response; Apple AAPL declines to offer short-term guidance; Market had best month in decades in April. Those investors who want to sell in May and go away, as the old adage goes, ...
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