Business News

Brent crude surges 10% on hopes of oil output deal

Reuters Biz News - Fri, 04/03/2020 - 13:51
Crude futures surged for a second day on Friday, with benchmark Brent up 10% on hopes that a global deal to cut crude supply worldwide will emerge early next week.
Categories: Business News

As Health Anxieties Soar, Wellness Influencers Step In

Wired RSS Feed - Fri, 04/03/2020 - 13:45
Tips for staying active during the pandemic are one thing. But some influencers are pushing unscientific claims to sell "immunity boosting" products.
Categories: Business News

U.S. small businesses flood Bank of America with loan applications

Reuters Biz News - Fri, 04/03/2020 - 12:57
Bank of America Corp said on Friday it has already received about 35,000 applications for federally backed small-business loans within hours of starting to accept them.
Categories: Business News

Canada signs agreement with Amazon Canada to distribute medical equipment

Reuters Biz News - Fri, 04/03/2020 - 12:54
Canada has signed an agreement with Amazon Canada to ensure medical equipment is delivered where it is most needed in the country's fight against the cornonavirus outbreak, Prime Minister Justin Trudeau said on Friday.
Categories: Business News

Dollar gains on safe-haven bids; shrugs off horrible U.S. jobs number

Reuters Biz News - Fri, 04/03/2020 - 12:52
The dollar firmed against major currencies for a third straight day on Friday, as investors took shelter in the U.S. currency amid worsening economic fallout from the coronavirus pandemic.
Categories: Business News

So Wait, How Encrypted Are Zoom Meetings Really?

Wired RSS Feed - Fri, 04/03/2020 - 12:44
The service's mixed messages have frustrated cryptographers, as the US government and other sensitive organizations increasingly depend on it.
Categories: Business News

OPEC+ debates biggest-ever oil cut as virus destroys demand

Reuters Biz News - Fri, 04/03/2020 - 12:38
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source said, after the U.S. president called on producers to stop the market rout caused by the coronavirus pandemic.
Categories: Business News

Deep oil output cuts won't offset unprecedented demand loss: IEA

Reuters Biz News - Fri, 04/03/2020 - 12:38
Deep output cuts by OPEC and other oil producing nations will not prevent a huge build up of crude, the head of the IEA said on Friday, urging the world's richest economies to discuss broader ways to stabilise oil markets.
Categories: Business News

U.S. airlines face deadline to apply for federal payroll grants

Reuters Biz News - Fri, 04/03/2020 - 12:37
U.S. airlines and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion in payroll grants to keep workers employed while they ride out the economic toll of the coronavirus on their business.
Categories: Business News

Brent crude jumps above $33 on hopes of oil output deal

Reuters Biz News - Fri, 04/03/2020 - 12:19
Crude futures surged for a second day on Friday, with benchmark Brent up 11% on hopes that a global deal to cut crude supply worldwide will emerge early next week.
Categories: Business News

Global stocks edge lower on economic toll from coronavirus; oil rallies

Reuters Biz News - Fri, 04/03/2020 - 12:18
Global stock markets sank on Friday following more signs that the COVID-19 pandemic would take a massive toll on economic growth, while oil prices continued to rally on hopes of a cut to global supply.
Categories: Business News

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