Plunge
Oil prices could plunge below $20 a barrel in Q2 as demand craters: CNBC survey
Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg | Getty Images The oil price bust may not be over. A historic demand shock sparked by the coronavirus pandemic is set to worsen in the current quarter, undermining any …
US crude prices plunge after OPEC deal failure sparks price war
Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war. U.S. West Texas Intermediate crude dropped 29.48% to $29.11 per barrel as of 05:50 GMT Monday, having …
U.S. stock futures point to further sharp declines as Asia follows Wall Street plunge
U.S. stock futures fell sharply on Friday, a day after major benchmarks pushed into correction territory as investor fears heightened over just how much damage the fast-spreading coronavirus will wreak on the global economy. How are major benchmarks trading? Dow Jones Industrial Average futures …
Coronavirus cases top 80,000 as markets plunge on pandemic fears
A World Health Organization team landed in Italy late Monday to “support Italian authorities in understanding the situation,” the WHO said. The team’s focus will be on “limiting further human-to-human transmission” after a rapid rise in cases. At least 272 people have been infected with the virus, and seven people have died in the Southern …
How the market has performed a year after the worst Christmas Eve plunge in history
What a difference a year makes. For some investors on Wall Street at this time last year it was a Nightmare before Christmas, as an escalating U.S. – China trade war and Federal Reserve interest rate hikes cast a pall over the holiday. Since that low point on Christmas Eve last year though, as in …
Hong Kong protests plunge city into recession
Hong Kong plunged into recession in the third quarter, according to official data released Thursday. The economy shrank 3.2% during the three months to September, compared to the previous quarter. That’s a sharp slowdown from the 0.5% contraction recorded in the second quarter, and much worse than economists had expected. With no immediate resolution to …
In swipe at Trump, China tells U.N. tariffs could plunge world into recession
UNITED NATIONS (Reuters) – The Chinese government’s top diplomat said on Friday that tariffs and trade disputes could plunge the world into recession and Beijing was committed to resolving them in a “calm, rational and cooperative manner.” Chinese Foreign Minister Wang Yi addresses the 74th session of the United Nations General Assembly at U.N. headquarters …
Invasive Mosquitoes Plunge Deeper Into California
Use Our Content This story can be republished for free (details). Two invasive species of mosquitoes that can carry Zika, dengue, yellow fever and other dangerous viruses are spreading in California — and have been found as far north as Sacramento and Placer counties. There are now 16 counties where Aedes aegypti, commonly known as …
