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Business News

U.S. private payrolls post first decline since 2017

U.S. private payrolls dropped in March for the first time since 2017, likely as businesses shut down in compliance with strict measures by authorities to contain the coronavirus pandemic, supporting economists’ views that the longest employment boom in history ended last month.

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Trading Ideas

Saudi Arabia Resists Trump’s Attempt to Broker Oil-War Truce

(Bloomberg) — Saudi Arabia showed no sign of bowing to pressure from U.S. President Donald Trump to dial back its oil-price war with Russia. Instead, the kingdom pushed crude supply to record levels.Trump said Tuesday night that he’d spoken to both President Vladimir Putin and Crown Prince Mohammed bin Salman in an effort to broker a truce between the world’s two largest oil exporters.Saudi Arabia started the month by boosting supply to more than 12 million barrels a day, the largest on record, according to an industry official familiar with the kingdom’s operations. Aramco declined to comment.So far, Riyadh has …read more […]