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Global Oil Demand Won't Peak Before 2040, OPEC Says

The world's appetite for crude oil won't reach its apex for another two decades, the Organization of the Petroleum Exporting Countries said Thursday, offering a much more optimistic view of the world's post-coronavirus demand for oil than many other forecasts ...

Was Your PPP Loan Less Than $50000? Life Just Got (A Little Bit) Easier

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Securities (CARES) Act, a $2.3 trillion relief package designed to help individuals and businesses weather the economic damage caused by the COVID-19 ...

Morgan Stanley to buy Eaton Vance for $7 billion in investment-management push

(Reuters) - Morgan Stanley has agreed to buy Eaton Vance Corp for about $7 billion in a cash-and-stock deal that can quickly expand its investment-management business and add more offerings for retail investors, the bank said on Thursday. FILE PHOTO: ...

OPEC, in major shift, says oil demand to plateau in late 2030s

LONDON (Reuters) - World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and ...

The New York Times

DealBook: A New Activist Playbook

The New York Times

Good morning. (Was this email forwarded to you? Sign up here.) Dan Loeb wants Disney to bet big on streaming. It isn't often that an activist investor wants a company to spend more money on itself and less on shareholder payouts. But that's precisely what ...

Fed's Rosengren Says Pre-Pandemic Risk Taking Will Likely Slow Recovery Effort

Federal Reserve Bank of Boston leader Eric Rosengren on Thursday renewed his longstanding concern that long periods of very low interest rates can exacerbate economic troubles when a downturn arrives. Mr. Rosengren's remarks didn't appear to be a ...

Mortgage rates stay steady amid economic and political turmoil

Washington Post

Washington Post

Mortgage rates stayed steady despite a roller-coaster week in the stock market, largely calmed by Federal Reserve policies stabilizing the housing market the past few months. The average for a 30-year fixed-rate mortgage reached 2.87 percent, down from ...

Strike could cut a quarter of Norway's oil and gas output next week

OSLO (Reuters) - An oil workers strike in Norway could cut output by almost a quarter next week, operators said on Thursday, though the union behind the industrial action in western Europe's biggest crude and gas producer said a resolution was possible.

Chevron Dethrones Exxon As America's Most Valuable Oil Company

The U.S. oil sector witnessed a historic day yesterday, as ExxonMobil fell behind its breakaway sister Chevron CVX +2.1% in market capitalization with $141.6 billion versus $142 billion at NYSE closing, making it America's most valuable oil company. This is ...

Ask Larry: If We Lose Benefits To The Earnings Test, Will Our Family Maximum Increase At FRA?

Today's column addresses questions about whether losing benefits to the earnings test will increase the family maximum at full retirement age, verifying past wages along with what wages are counted for Social Security and the family maximum's potential ...