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MARKETS & ECONOMY
With over a million coronavirus cases, economic freefall looms
BEIJING/NEW YORK (Reuters) – Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities,…
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MARKETS & ECONOMY
Coronavirus depresses U.S. payrolls, more job losses coming
WASHINGTON (Reuters) – The U.S. economy shed 701,000 jobs in March, abruptly ending a historic 113 straight months of employment…
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MARKETS & ECONOMY
Oil’s Stunning Demand Collapse Threatens Closures Everywhere
(Bloomberg) — The survivors of oil’s last crash were the lowest-cost producers. But the crisis engulfing the industry now is…
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MARKETS & ECONOMY
Fed steps in once again to try to smooth out lending markets
WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world’s lending markets, this…
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MARKETS & ECONOMY
The Wild Hunt for 100-Ounce Gold Bars
(Bloomberg) — There are few corners of the global financial market that have been upended as spectacularly, or as oddly,…
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MARKETS & ECONOMY
Ford And GM Do Not Care Much About Electric Vehicle Production
The promise that electric vehicles (EVs) hold in the automobile market hinges on two major factors – that they will…
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MARKETS & ECONOMY
Airline industry warns of crisis bigger than 9/11 aftermath
Global air traffic demand fell 14 per cent in February, the most since the 9/11 terrorist attacks, as airlines were “hit…
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MARKETS & ECONOMY
OPEC+ pushes for global coalition to stem oil rout
The OPEC+ coalition is pushing for other major oil producers to join it in a deep reduction of global crude…
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MARKETS & ECONOMY
lmost half a million Canadians have submitted requests for mortgage deferrals
Almost 500,000 Canadians have submitted requests for a mortgage deferral or to skip a payment after Canadian banks announced the…
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MARKETS & ECONOMY
U.S. senators scrutinize meat packers’ big profits during pandemic
By Tom Polansek CHICAGO (Reuters) – U.S. senators are calling for investigations of record profit margins for beef processors like…
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