For Russia, it’s the unwillingness to lose market share has paid off, but for the U.S? within a month five US oil and gas companies…
Economy
Houston confronts one-two punch of COVID-19 and oil bust
Many energy jobs typically pay twice as much as other local employment and “once you start to cut those jobs out, you are taking a…
Trump – Saudis and Russia will ease pressure on oil
President Donald Trump said Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge. The president…
Expect a Severe Depression if Quarantine lasts for over 6 Months
The sudden economic stop caused by COVID-19 will have a lasting effect on the Economy and will be felt by almost every American. A recession…
MASS LAYOFFS IN NORTH DAKOTA – TEXAS
John Kilduff, Again Capital founding partner, calls ‘Power Lunch’ to discuss oil plunging into the close and what’s behind the move. John Kilduff, CNBC contributor…
Mnuchin warns U.S jobless rate could hit 20%…
Treasury Secretary Steven Mnuchin raised the possibility with Republican senators that U.S. unemployment could rise to 20% without government intervention because of the impact of…
Chairman Jay Powell – Federal Reserve takes emergency action
Chairman Jay Powell – Federal Reserve takes emergency action to save the economy
El-Erian: I’m worried about a sudden stop in the economy
A sudden stop may also be accompanied by a currency crisis or a banking crisis or both