US oil price takes new dive as market turmoil widens
The price of US crude oil for June delivery almost halved on Tuesday and Brent, the international benchmark, dropped below $20 per barrel for the first time in 18 years, as Continue Reading
Americans’ Fear of Job Loss Surges to 45-Year High, Poll Shows –
A quarter of working Americans believe it’s “very likely” or “fairly likely” they will lose their job or be laid off in the next 12 months, according to a Gallup poll. That’s Continue Reading
Trump Administration Weighs Aid for Oil Companies
The Trump administration is considering offering federal stimulus funds to embattled oil-and-gas producers in exchange for government ownership stakes in the companies or their crude reserves, according to people familiar Continue Reading
For America’s Small Truckers, Demand Is ‘Falling Off a Cliff’
Loads that would have paid $1,000 last month, when a rush to restock grocery stores briefly lifted business, now fetch $300 or less, he said. That isn’t enough to cover Continue Reading
CDC director warns second wave of coronavirus is likely to be even more devastating
Robert Redfield, director of the Centers for Disease Control and Prevention, testifies about coronavirus preparedness to the House Government Oversight and Reform Committee in March. (Joshua Roberts/Reuters) Even as states Continue Reading
6 Visionaries Shaping The Future Of Transportation
This is the age of wild rides that are transforming the personal transportation sector into something worth more than ever. We not only have the soon-to-be available space tourism, but Continue Reading
Ruble Traders Get That Sinking Feeling Cheap Oil Is Here to Stay
The ruble fell more than any other major currency and borrowing costs surged as negative crude prices in the U.S. pointed to a period of unprecedented weakness for Russia’s key export Continue Reading
Pandemic is dealing European tourism ‘staggering’ blow
The European Union says its vaunted tourist industry is facing “staggering” figures of decline because of the coronavirus crisis and the bloc’s internal market commissioner wants the sector to be Continue Reading
Coronavirus Has Idled Millions of European Workers. Governments Are Picking Up the Tab
At least 18 million European workers have been idled over the past month, according to government figures, as the new coronavirus pandemic cuts an ever-widening swath through the world’s job Continue Reading
U.S. Oil Costs Less Than Zero After a Sharp Monday Selloff
U.S. oil futures plunged below zero for the first time Monday, a chaotic demonstration of the dwindling capacity to store all the crude that the world’s stalled economy would otherwise Continue Reading