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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Trump fights for small business lifeline PPP as Dems employ stall tactics: RNC Chair

Will large businesses voluntarily give back PPP loans? FOX Business’ Charlie Gasparino says Treasury Secretary Steven Mnuchin reportedly asked JPMorgan Chase CEO Jamie Dimon on ways to fix the Paycheck Protection Program so loans can be distributed to needy small businesses. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below […]

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Carmakers Headed for 50% Sales Plunge Breathe Sigh of Relief

Automakers are headed for a less-drastic U.S. sales collapse than feared, according to market researchers. Retail sales to consumers are down about 50%, a drop-off that wouldn’t be as steep as China or Western European countries saw in the first full month following their coronavirus outbreaks, according to Jeff Schuster, senior vice president of forecasting with LMC Automotive, a partner […]

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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economic effects of the pandemic and resulting societal changes are currently not predictable,” and that the firm has “withdrawn financial guidance, at this time.”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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McConnell Says He Favors Allowing States to Declare Bankruptcy

Senate Majority Leader Mitch McConnell said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of the pandemic response to declare bankruptcy rather than giving them a federal bailout. “I would certainly be in favor of allowing states to use the bankruptcy route,” he said Wednesday in a response to a question on the […]

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WarnerMedia “Rethinking” Theatrical Model; AT&T COO John Stankey Doesn’t Expect “Snap-Back” Recovery By Exhibitors

WarnerMedia is “rethinking the theatrical model” in light of COVID-19, AT&T COO John Stankey said on the telecom and media giant’s first-quarter earnings call. Stankey didn’t elaborate much on that sentiment, and neither did the executive offer any overtures of condolence to theater owners. Even though top exhibition circuits like AMC and Cinemark are hoping to reopen by the beginning […]

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