(Bloomberg) -- An agreement between Saudi Arabia and Russia for record oil-production cuts was endangered late on Thursday as Mexico refused to participate in the curbs and left the meeting without approving the deal.Ministers will continue to discuss ways to secure the Latin American country’s approval on Friday, delegates said. The situation, which came after more than 9 hours of talks via video link, cast doubt over a global effort to revive the oil market from a debilitating coronavirus-induced slump.Earlier on Thursday, OPEC+ had tentatively agreed to cut production by about 10 million barrels a day in May and June, delegates said. Saudi Arabia and Russia, the biggest producers in the group, would each take output down to about 8.5 million a day, with all members agreeing to cut supply by 23%, one delegate said.Attention should have turned on Friday to the Group of 20 energy ministers meeting. A contribution from...
Potomac Watch: Bernie Sanders may have given up on the Democratic Presidential nomination but is determined to make Joe Biden unelectable. Image: Jonathan Ernst/Reuters...
Schneider has joined DAT’s pilot program to evaluate ways to provide faster, more accurate forecasts of truckload freight rates and market conditions. ...
Anyone entering the state of Utah via highway, including truck drivers, will be required to fill out an electronic form regarding COVID-19 as of April 10. ...
On CNBC's "Fast Money," Tim Seymour said Macy's Inc (NYSE: M) was priced as if it's going out of business, but he doesn't think that's going to happen. He added there are very real assets there.Karen Finerman said Macy's bond that comes due in 2023 has hardly bounced at all and it's trading at high teens yield. This is telling her there are real concerns about Macy's as an ongoing business. She finds it too risky and she would rather own Target Corporation (NYSE: TGT).Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Steve Grasso said there is a reason to take a chance on the cruise stocks, but the behavior has changed and there were issues even before the COVID-19. He thinks the bailouts are possible for these stocks. He would stay away from Carnival Corp (NYSE: CCL)...
