April 20, 2020

U.S. crude futures up more than $20, but still trade below zero

U.S. crude oil jumped more than $20 per barrel on Tuesday but still traded below $0 after plunging into negative territory for the first time in […]
April 20, 2020

U.S. energy industry steps up lobbying for Fed’s emergency aid: letters

The U.S. energy industry has asked the Federal Reserve to change the terms of a $600 billion lending facility so that oil and gas companies can […]
April 20, 2020

WeWork committee pushes back against SoftBank, defends right to represent shareholders

A special committee of WeWork board members on Monday rejected an assertion by SoftBank Group Corp that it does not have authority to represent the interests […]
April 20, 2020

IBM withdraws 2020 forecast on virus uncertainty, dividends to continue

International Business Machines Corp on Monday withdrew its 2020 annual forecast due to uncertainty caused by COVID-19, but said its customers were relatively well positioned for […]
April 20, 2020

IMF may need ‘exceptional measures’ to facilitate pandemic response: Georgieva

The International Monetary Fund may need to step outside its comfort zone and consider “exceptional measures” to help countries deal with the coronavirus pandemic and mitigate […]
April 20, 2020

Wall Street drops as oil traders cannot give away U.S. crude

Wall Street tumbled on Monday after U.S. crude futures turned negative for the first time ever, with traders forced to pay to unload crude as the […]
April 20, 2020

Traders play ‘hot potato’ with U.S. oil contract as it crashes to $1 a barrel

Energy traders bailed out of the expiring May U.S. oil futures contract in a frenzy on Monday, sending the contract to a record of almost $1 […]
April 20, 2020

United Airlines sees $2.1 billion loss as coronavirus hits Latin America growth hopes, seeks more federal aid

United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, after the coronavirus outbreak smothered its […]
April 20, 2020

U.S. senators propose $500 billion rescue for state, local governments

A U.S. Senate Republican and a Democrat proposed a $500 billion rescue package for state and municipal governments on Monday, as it became increasingly clear that […]
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