April 1, 2020

U.S. dollar gains as steep global economic slump looms

The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world confronts […]
April 1, 2020

Equities drop as evidence mounts of deep global recession

World equity markets began the new quarter with steep losses on Wednesday as evidence mounted that the coronavirus pandemic was sending the global economy into a […]
April 1, 2020

Kroger comparable sales surge 30% in March, borrows $1 billion

Kroger Co’s comparable sales surged about 30% in March as consumers cleared off shelves in preparation for a lockdown due to the coronavirus pandemic and had […]
April 1, 2020

U.S. private payrolls post first drop in two-and-a-half years

U.S. private payrolls dropped in March for the first time in 2-1/2 years, likely as businesses shut down in compliance with strict measures to contain the […]
April 1, 2020

U.S. factory activity in March was weakest since 2009: IHS Markit

The U.S. manufacturing sector contracted in March, with activity hitting its lowest level since 2009, as the coronavirus pandemic caused widespread shortages, a survey confirmed on […]
April 1, 2020

Oil falls to $25 as oversupply fears mount with U.S. inventory rise

Oil slid to $25 a barrel on Wednesday, within sight of its lowest in 18 years, as a report showing a big rise in U.S. inventories […]
April 1, 2020

Glencore’s chrome joint venture in South Africa with Merafe declares force majeure

Glencore’s chrome joint venture in South Africa with Merafe Resources has declared force majeure on qualifying contracts after a nationwide lockdown forced operations to shut, a […]
April 1, 2020

Tariff pain turns to gain: U.S. computer, toy stockpiles help meet virus rush

As the coronavirus outbreak forced classes online, Boston Public Schools ordered 20,000 laptops and had them in hand in four days – an unusually fast turnaround […]
April 1, 2020

Oilfield spending to fall 21% as producers slash outlays: report

Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report […]
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