Yahoo Finance's editor-in-chief Andy Serwer talks with John Paul Dejoria the co-founder of the Paul Mitchell line of hair products and The Patrón Spirits Company. Dejoria discusses the work he has done to aid his home state of Texas as well as how Paul Mitchell is supporting those in need along with their employees and salons during the coronavirus crisis. ...
(Bloomberg) -- The world’s largest oil producers were closing in on a deal to rescue crude markets from a coronavirus-induced collapse after U.S. President Donald Trump stepped in to broker a truce.An unprecedented cut of about 10% in worldwide crude production -- which seemed unlikely last week when Trump first floated the idea in a tweet -- was all but certain on Friday, with Mexico the last holdout. Now, a compromise backed by Trump will be discussed between the Latin American country and Saudi Arabia on Saturday. Russia has already said it considers the plan a done deal.The survival of thousands of crude producers, millions of jobs and the economies of oil-dependent nations are hanging in the balance as the global pandemic wipes out demand in a world awash with crude. Several U.S. shale producers are on the brink of bankruptcy, Russia risks having no place to store its crude, and...
