OIL PRICES SOAR AS OPEC+ PREPARES TO CUT SUPPLIES

Oil prices jumped on Thursday after sources said Russia and Saudi Arabia have a new deal to cut oil output drastically in response...

UBS EXECUTIVES PLEDGE $5 MILLION OF OWN CASH TO CORONAVIRUS FIGHT

Top managers at UBS will each contribute the equivalent of three months' salary to fight the coronavirus, its chief executive Sergio...

 
 
 

SAUDI, RUSSIA MOVE CLOSER TO RECORD OIL CUT DEAL: SOURCES

OPEC and other oil nations held talks on Thursday on record production cuts of up to 20 million barrels per day, equivalent to about...

WALL STREET RISES ON $2.3 TRILLION FED BACKSTOP

Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program...

 
 
 

CITIGROUP OFFERS FULL-TIME POSITIONS TO INTERNS AMID CORONAVIRUS CRISIS

Citigroup Inc said on Thursday it is offering full-time positions to its interns, but delaying the new class of summer intern program...

TIMELINE: FED'S RESPONSE - PANDEMIC DOWNTURN VS FINANCIAL CRISIS

The economic dislocation caused by the coronavirus crisis is unfolding with breathtaking speed.

 
 
 

WHITE HOUSE TO ANNOUNCE ECONOMIC CORONAVIRUS TASK FORCE SOON: SENIOR ADMINISTRATION OFFICIAL

The White House is expected to announce soon formation of a second coronavirus task force, this one devoted to getting the U.S. economy...

FED CHIEF POWELL SEES ROAD TO RECOVERY, WARNS ON 'FALSE START'

The U.S. economy could be headed "fairly quickly" toward recovery if people stay home, government gets aid to businesses and households,...

 
 
 

WHITE HOUSE TO ANNOUNCE ECONOMIC CORONAVIRUS TASK FORCE SOON, SENIOR ADMINISTRATION OFFICIAL SAYS

The White House is expected to announce soon formation of a second coronavirus task force, this one devoted to getting the U.S. economy...

OPEC+ TO DEBATE OIL CUTS AS BIG AS 20 MILLION BPD: SOURCES

OPEC and other oil producers will debate on Thursday oil cuts as big as 20 million barrels per day, equivalent to about 20% of global...

 
 
 

ALPHABET SOUP: HOW WILL POST-VIRUS ECONOMIC RECOVERY SHAPE UP?

Will be it a U? A V? Maybe a W? Predictions for economic recovery after coronavirus-linked lockdowns are throwing up a medley of letters...

WALL STREET JUMPS AT OPEN AFTER FED'S MASSIVE STIMULUS, JOBLESS CLAIMS DATA

Wall Street jumped at the open on Thursday, after the Federal Reserve rolled out a $2.3 trillion program to bolster local governments...

 
 
 

DOLLAR DROPS AFTER FED LAUNCHES NEW LOAN PROGRAM

The dollar dropped broadly on Thursday after the Federal Reserve rolled out a $2.3 trillion effort to bolster local governments and...

MORGAN STANLEY CEO JAMES GORMAN RECOVERS FROM COVID-19

Morgan Stanley's Chief Executive Officer James Gorman said he has fully recovered from the illness caused by the novel coronavirus,...

 
 
 

IMF CHIEF SAYS ENGAGED WITH ALL MEMBERS INCLUDING TURKEY

The International Monetary Fund remains engaged with all members, including Turkey, as they respond to the new coronavirus pandemic...

FACTBOX: EVEN BIG OPEC+ CUTS WON'T OFFSET OIL DEMAND COLLAPSE - ANALYSTS

OPEC and other major oil producers were due to discuss on Thursday big output cuts in the face of a huge fall in demand due to the...

 
 
 

RENCAP REMOVES LINE FROM ROSNEFT NOTE SAYING 10 MILLION BPD CUT WOULD REBALANCE MARKETS

Renaissance Capital updated a note giving a readout on a call with Rosneft to remove a line saying the Russian energy giant believed...

GLOBAL STOCKS JUMP ON FED STIMULUS, HOPES PANDEMIC IS SLOWING

Global equity benchmarks gained on Thursday following signs that governments and central banks are taking additional steps to bolster...

 
 
 

UK RETAILER DEBENHAMS ENTERS ADMINISTRATION AGAIN

British department store group Debenhams went into administration for the second time in 12 months on Thursday, seeking to protect...

FED WILL CONTINUE TO ACT 'FORCEFULLY, PROACTIVELY AND AGGRESSIVELY,' POWELL SAYS

The Federal Reserve will continue to use all the tools at its disposal until the U.S. economy begins to fully rebound from the harm...

 
 
 



Weekly Initial Unemployment Claims decrease to 6,606,000

Weekly Initial Unemployment Claims decrease to 6,606,000

The DOL reported : In the week ending April 4, the advance figure for seasonally adjusted initial claims was 6,606,000, a decrease of 261,000 from the previous week's revised... Read more ...

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

Dow climbs 350 points as new Fed stimulus offsets historic unemployment filings

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments. Data... Read more ...

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

Fed Offers $2.3 Trillion In Loans To Businesses, Local Governments

The Federal Reserve announced several new lending programs Thursday in an effort to keep businesses and local governments afloat during the coronavirus pandemic. (Image credit... Read more ...

UnitedHealth is expediting $2 billion in payments as providers await their...

UnitedHealth is expediting $2 billion in payments as providers await their share of the stimulus bill

This story was delivered to Business Insider Intelligence Digital Health Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours... Read more ...

Hotels: Occupancy Rate Declined 68.5% Year-over-year to All Time Record Low

Hotels: Occupancy Rate Declined 68.5% Year-over-year to All Time Record Low

From HotelNewsNow.com: STR: US hotel results for week ending 4 April Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant... Read more ...

Morgan Stanley CEO reveals in video to employees that he had the coronavirus...

Morgan Stanley CEO reveals in video to employees that he had the coronavirus and has recovered

Morgan Stanley CEO James Gorman tested positive for the coronavirus, he told employees in a video on Thursday. Gorman got a test after experiencing symptoms in mid-March, and... Read more ...

Oil prices surge after Russia, OPEC & allied producers agree to historic...

Oil prices surge after Russia, OPEC & allied producers agree to historic output cuts

Global crude prices jumped seven percent on Thursday after the Organization of the Petroleum Exporting Countries and major producers led by Russia agreed to cut output in an... Read more ...

Jeff Bezos visited an Amazon warehouse and a Whole Foods to thank employees...

Jeff Bezos visited an Amazon warehouse and a Whole Foods to thank employees who are working during the coronavirus crisis

Amazon CEO Jeff Bezos on Wednesday visited one of the company's warehouses and a Whole Foods, thanking employees who are working during the coronavirus pandemic. In a video... Read more ...

California to buy 200 million masks a month amid outbreak

California to buy 200 million masks a month amid outbreak

SACRAMENTO, Calif. - California plans to spend nearly $1 billion to buy up to 200 million masks each month to boost its stockpile of protective gear during the coronavirus... Read more ...

Disney Plus already has 50 million subscribers around the world, even though...

Disney Plus already has 50 million subscribers around the world, even though it only launched 5 months ago

Disney Plus already has 50 million subscribers, the company announced on Wednesday. The milestone comes as the company has expanded into new markets in Europe and India, and... Read more ...