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Saudi Arabia floods markets with $25 oil as fight with Russia escalates

Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of its fight with Moscow for market share, five trading sources said on Friday. The sources, from oil majors and refiners which process crude in Europe, said Saudi state oil company Aramco told them it would supply all requested additional volumes in April. Sources previously told Reuters Saudi Arabia is also seeking to replace Russian crude in Asia with Chinese and Indian buyers. …read more […]

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Doctor on coronavirus: ‘I think we have between 50,000 and half a million cases right now walking around in the United States’

The impact of the coronavirus is continuing to escalate, and Johns Hopkins University Professor of Public Health Dr. Marty Makary says, “I think we have between 50,000 and half a million cases right now walking around in the United States”. He joins Yahoo Finance’s On the Move panel to discuss. …read more […]

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Nikola IPO Announced Via Merger with VectoIQ

News of a Nikola IPO has investors talking. Nikola is breaking into the electric vehicle (EV) industry, facing competitors like Tesla and Rivian.
However, Nikola Corporation isn’t your standard EV company. It has plans to go further than anyone in the mission to zero-emission vehicles with its unique technology. So, it might be a good investment opportunity. Here’s what we know…
Nikola IPO: The Business

CEO Trevor Milton founded Nikola in 2015. Now, it’s the global leader in zero-emissions heavy duty trucks and hydrogen infrastructure. It focuses on building battery-electric and hydrogen fuel-cell electric vehicles. Nikola is the only EV company using hydrogen …read more […]

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Exclusive: Warren Buffett on coronavirus and its impact on consumer behavior

Warren Buffett, Chairman and CEO of Berkshire Hathaway, sat down with Yahoo Finance’s Editor-In-Chief Andy Serwer to discuss the impact of the coronavirus pandemic, especially the implications for the markets and the overall economy. Buffett also reveals how Berkshire Hathaway has a unique view on how consumers are changing their behaviour. …read more […]