KEY POINTS A record oil production cut hangs in the balance after energy ministers from the Group of 20 major economies on Friday agreed that stabilization in the market is needed, but stopped short of discussing specific production numbers. On Thursday all members of OPEC and
KEY POINTS The Treasury Department says airlines seeking more than $100 million in grants to combat coronavirus will need to compensate taxpayers. Talks have blown past a Monday deadline after airlines were asked for additional information. The $32 billion in grants aim to step massive
KEY POINTS President Donald Trump said on Friday that he will not reopen the economy “until we know this country is going to be healthy.” Trump said he also plans to announce an “Opening our Country Council” on Tuesday comprised of business leaders and doctors and
KEY POINTS “A lot is still in play, I think it’s still challenging to get a deal across the finish line,” said Helima Croft of RBC Capital Markets. Even if a deal is reached, however, she said it is unlikely to solve the price situation immediately because
e all know the FAANGs trade — and that all of them happen to be part of the Nasdaq-100® Index (NDX). But while Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Google (GOOG) represent substantial market cap, they are just five components of the
The U.S. dollar edged higher on Wednesday in choppy trading, attracting safe-haven bids, as optimism faded that the coronavirus crisis may be nearing a peak and investor concerns remained over the economic fallout of the pandemic. The greenback’s firmer tone came after U.S. equities ended
KEY POINTS Gas prices at distributors are falling fast as the U.S. gasoline supply grows and demand has been cut in half due to stay-at-home orders. Analysts said gas prices at the pump could fall to under $1 in more parts of the country, and
KEY POINTS New York Gov. Andrew Cuomo said coronavirus deaths across the state hit a third-straight daily record with 799 fatalities on Wednesday. While the number of deaths is climbing, the rate of new cases is starting to level off, Cuomo said. But he warned