FILE PHOTO: The New York Stock Exchange is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease in New York City, New York, U.S., April 13, 2020. REUTERS/Andrew Kelly
UnitedHealth Group Inc , the biggest U.S. health insurer, reported a fall in quarterly profit, but its shares rose 2.6% in premarket trading as it maintained its 2020 profit outlook at a time when major companies have withdrawn forecasts due to the coronavirus pandemic. J.C. Penney Co Inc slumped 14.7% as sources said the retailer was exploring filing for bankruptcy protection after the virus outbreak upended its turnaround plans.
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Saudi Arabia may tap debt market as oil output cuts hit revenues: sourcesSaudi Arabia is likely to sell new international bonds soon as Sunday's historic deal to cut oil output among major producers puts further pressure on revenues already hurt by the collapse in crude prices, four banking sources said. Under a new Pres, US must cease any alliance, trade etc with Saudi Arabia! Sure, replace actual Revenue with borrowed Money.. they've been doing that since the FinancialCrisis started Covid_19 has created a huge economic crisis which is going to take some time to recover! Latest updates | cases per million population 👇 COVID19 COVID2019
Source: Reuters - 🏆 2. / 97 Read more »
Record oil output cuts fail to make waves in coronavirus-hit marketFalling oil prices on Monday showed that oil producers still have a mountain to climb despite record output cuts in an effort to restore market balance as the coronavirus pandemic shreds demand and sends stockpiles soaring, industry watchers said. The oil should be more polite. Let’s build and repair roads Oil is cheap Summer is coming up People need jobs Fuel consumption has reduced significantly That may be a factor
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Kremlin says 'important' global oil deal helped avert market chaosThe Kremlin said on Monday that the global oil output deal clinched by OPEC and non-OPEC countries had helped stop oil markets sliding into chaos and would help support a more or less stable oil price dynamic. Hahahahaha. Of course that little ole price war may have played a minor role. We should rename 'Peskov' to 'Oilkov' Well if the Kremlin says it..., it MUST be true.
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