Trump administration tables more oil and gas lease sales

Oil demand is picking up but will be muted this summer: Analyst The Schork Group principal Stephen Schork argues oil demand is picking up but that it is partially due to barrels moving into the Strategic Petroleum Reserve. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The Trump administration […]

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SpaceX and NASA make history with launch

New York (CNN Business)Elon Musk’s SpaceX isn’t publicly traded. But investors found another way to celebrate this weekend’s successful Dragon launch and docking at the International Space Station. Shares of Richard Branson’s Virgin Galactic (SPCE)surged more than 6% in early trading Monday. The stock is now up nearly 60% since Virgin Galactic went public last October through a merger with […]

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US factories sink in May for third straight month: ISM survey

Fox Business Flash top headlines for June 1 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. WASHINGTON (AP) — American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic. Continue Reading Below The Institute for Supply Management, an association of purchasing managers, said Monday […]

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Argentina May Spend Over $880 Million to Prop Up State Airline

Argentina may have to dole out at least $880 million in subsidies this year to keep its state airline afloat, further weighing on government finances after the nation’s ninth sovereign default. Aerolineas Argentinas President Pablo Ceriani said the carrier’s budget shortfalls, up from about $680 million last year, will persist until demand rebounds, which isn’t expected for a couple of […]

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Great Depression-Like Jobless Rate Seen for U.S.: Eco Week Ahead

The devastation of the coronavirus pandemic on the U.S. labor market will be on display this week, with Friday’s jobs report likely to show the unemployment rate soared to nearly 20% and employers cut millions more from their payrolls in May. The Labor Department’s data may mark the worst of the fallout from the disease as states have started to […]

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Varney: Elon Musk is the most important executive in the world

Varney: Elon Musk isn’t just a ‘showman,’ he’s a ‘game changer’ FOX Business’ Stuart Varney says his initially opinion on Tesla CEO Elon Musk was wrong. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below FOX Business’ Stuart Varney, in his latest “My Take,” admitted that he has been "wrong" about Tesla […]

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Nordstrom's sales fell 40% as coronavirus shut stores

Fox Business Flash top headlines for May 28 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below Nordstrom saw its sales plummet 40 percent in the first quarter after the coronaviirus pandemic caused the upscale department store […]

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California regulator approves PG&E's Chapter 11 reorganization plan

Fox Business Flash top headlines for May 28 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below (Reuters) – PG&E Corp said on Thursday its Chapter 11 reorganization plan has been confirmed by a California power regulator, […]

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Bath & Body Works closing 50 US stores after coronavirus shutdown

Coronavirus will permanently change retail, travel: Resort owner Grove Shopping Center and Miramar Beach Resort owner Rick Caruso discusses extreme measures taken to reopen Los Angeles malls and resorts. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Malls across the nation are beginning to reopen during the COVID-19 pandemic, […]

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Asia Stocks Mixed; U.S. Futures Dip; Dollar Down: Markets Wrap

Asian stocks saw a mixed open Wednesday as investors weighed a report that the Trump administration is considering sanctions on Chinese officials, another sign of deteriorating Sino-American relations. The dollar and Treasuries held overnight losses. Shares in Seoul and Sydney dropped, while those in Tokyo saw smaller losses. S&P 500 futures dipped after the gauge closed at an 11-week high. […]

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