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Stocks drop after disappointing jobs report
AdvisorShares CEO Noah Hamman joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how the markets are faring amid the coronavirus outbreak. …read more […]
Business News
White House’s Kudlow says banks are ‘ready to go’ in giving small business loans
Top White House economic advisor Larry Kudlow said on Friday that there would be big demand for a small-business loan program but that the banks were prepared for it despite concerns that they would be overwhelmed by the need created by an economic shutdown aimed at slowing the spread of the coronavirus.
Trading Ideas
‘We’re expecting 8 million or more jobs lost in April’: S&P Global U.S. Chief Economist
U.S. Chief Economist at S&P Global Beth Ann Bovino joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss what the latest jobs report reveals about the state of the economy. …read more […]
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Business News
Exclusive: Airline crisis forces Airbus to consider A320 output cuts
Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar with the matter said.
Business News
U.S. services sector growth slows; employment drops: ISM
U.S. services sector activity slowed to a more than 3-1/2-year low in March, with industries reporting a moderation in new orders and decline in employment amid the coronavirus pandemic, which has brought the country to sudden stop.
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Venezuela's financial crisis exacerbated by oil price war, coronavirus
A price war between world oil producers has slashed Venezuela’s revenue for its top export and exacerbated the country’s financial crisis as it also faces the coronavirus pandemic, U.S. sanctions and sliding crude output. More than 90% of Venezuela’s export revenue comes from oil. Three weeks ago President Nicolas Maduro called crashing oil market a “brutal blow” that dropped the price below the cost of production. …read more […]
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Trading Ideas
Markets volatile after economy sheds jobs in March
Alicia Levine, BNY Mellon Chief Strategist, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action. …read more […]
Business News
Brent crude rises above $32 on hopes of oil output deal
Benchmark Brent crude oil futures rose as high as $33.37 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.
Business News
Deep OPEC+ cuts won’t be enough to prevent oil inventory build: IEA head
Deep oil output cuts by OPEC and other producing nations would not be enough to prevent a huge build in global crude inventories in the second quarter as measures to contain the coronavirus lead to “unprecedented” demand loss, the head of the International Energy Agency, Fatih Birol, said.
Business News
OPEC+ debates biggest ever cut as virus destroys oil demand
OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus pandemic.
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Deep OPEC+ cuts won't be enough to prevent oil inventory build – IEA head
Deep oil output cuts by OPEC and other producing nations would not be enough to prevent a huge build in global crude inventories in the second quarter as measures to contain the coronavirus lead to “unprecedented” demand loss, the head of the International Energy Agency, Fatih Birol, said. A production cut of as much as 10 million barrels per day (bpd) that might be discussed by OPEC and other producers next week would still result in a 15 million barrel daily build in the second quarter, Birol told Reuters. The head of the international energy watchdog urged Saudi …read more […]
Business News
Ford CEO Hackett’s salary fell to $17.4 million in 2019
Ford Motor Co said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018.