Here’s how to invest in oil — if you want to take a big risk

The oil market may look like a dollar-store clearance rack — but that doesn’t mean investors should buy up barrels like they’re out-of-season Easter candy. Rock-bottom prices have piqued the interest of would-be oil barons who furiously googled tips this week on how to bet on crude. They could usually do that through exchange-traded funds and oil company stocks because […]

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AT&T signals layoffs as it takes $430 million coronavirus hit

Telecom giant AT&T said Wednesday warned that job cuts are likely on the horizon as its first-quarter results took a $430 million hit from the coronavirus. AT&T Chief Executive Officer Randall Stephenson told investors that “the economic effects of the pandemic and resulting societal changes are currently not predictable,” and that the firm has “withdrawn financial guidance, at this time.” […]

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Next wave of coronavirus small business loans could start this weekend

SBA will provide guidelines for banks in new PPP funding: Report FOX Business’ Edward Lawrence says the Paycheck Protection Program’s money will probably not flow to small businesses until next week. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The second wave of government-backed aid for small businesses devastated by […]

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European tourism could drop 70 percent due to coronavirus

The European Union says its vaunted tourist industry is facing “staggering” figures of decline because of the coronavirus crisis and the bloc’s internal market commissioner wants the sector to be first in line when it comes to recovery funds. Thierry Breton mentioned figures that the tourism economy could slump up to 70 percent and will be among the last to […]

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New York seeks $4B loan from US to cover unemployment tab

New York has applied for a $4 billion federal loan to help cover the ballooning cost of unemployment benefits amid the coronavirus crisis, officials said. The Empire State could use the interest-free line of credit from the federal Unemployment Trust Fund to pay for unemployment insurance benefits as needed over time, a state official said Tuesday. “All benefits, including enhanced […]

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Is unemployment really as deadly as coronavirus?

In the 2015 movie “The Big Short” about the Great Recession, Brad Pitt’s character Ben Rickert is strolling in Las Vegas with two Wall Street colleagues who are elated about all the money they made betting that the US economy was in trouble. Their bet, of course, was that problems with mortgage-backed securities would hurt banks and the entire American […]

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