Global pact to contain oil price crash takes shape

DUBAI, United Arab Emirates (AP) — The OPEC oil cartel and nations including Russia have agreed to boost oil prices by cutting as much as 10 million barrels a day in production, or a tenth of global supply. More countries, including the United States, were discussing Friday their own cuts in what would be an unprecedented global pact to stabilize the market.

Global pact to contain oil price crash takes shape Read More »

Coronavirus crash: Worst quarter on Wall Street since 2008

Stocks fell and ended the first quarter with a decline of 20%, the market’s worst quarter since the dark days of the financial crisis. The loss for the S&P 500 in March alone was 12.5% as the surge of coronavirus cases sent investors fleeing from the market. Stocks did claw back some of those losses with a rally the past week. Massive aid for the economy and markets from the Federal Reserve and Capitol Hill have helped spur some buying, although the S&P 500 and the Dow fell more than 1.5% Tuesday. Up next for the market: Friday’s jobs report and company earnings period.

Coronavirus crash: Worst quarter on Wall Street since 2008 Read More »

Exit mobile version