As the world battles coronavirus, Dr. Elvis Francois, an orthopedic surgery resident at the Mayo Clinic in Rochester, Minn., offers hope and comfort through music. A video of him singing John Lennon's "Imagine" has been viewed a staggering six million times on Facebook. Dr. Francois talks with Yahoo Finance's Jen Rogers about the healing power of music and about his future career plans....
It’s a mixed start to the day, with Ripple’s XRP bucking the trend early on. Failure to move through early highs will bring support levels into play....
Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers. Oil prices sharply fell after the so-called OPEC+ group of countries including Russia failed to agree to production cuts in early March. A price war began soon after, with Saudi Arabia threatening to pump at a record-breaking pace to seize back market share even as the coronavirus pandemic saw demand sharply drop as airlines worldwide halted flights....
(Bloomberg) -- To outsiders, the oil trade of the day is so astonishing that even President Donald Trump sounded flabbergasted when he described it.“There’s oil all over the oceans right now. That’s where they are storing oil; we have never seen anything like that,” Trump said this week from the podium of the White House. “Every ship is now loaded to the gills.”With oil demand in freefall, traders are resorting like never before to using the world’s fleet of supertankers as temporary floating storage facilities, filling them with millions of unsold barrels until better times. It’s an unusual trade, but one that’s among the most lucrative around right now, just when everyone on Wall Street struggles to make money.From the coast of Singapore to the North Sea, the tankers are starting to slow down, ready to drop their anchors, holding crude the world economy doesn’t need as fuel demand plummets due...
(Bloomberg) -- On Thursday, U.S. President Donald Trump sent oil prices rallying on the prospect of an unprecedented, U.S.-backed deal to cut global crude production.On Friday, he walked out of a meeting with the titans of America’s oil industry without any public declaration of a plan to curtail domestic output, saying it’s a free market and up to Saudi Arabia and Russia to solve their price war that sent crude crashing.His remarks call into question Trump’s ability to broker a truce between the world’s two biggest crude exporters at a time when the coronavirus pandemic is destroying demand and threating the shale industry’s survival. The president said that tariffs on oil imports could be imposed, though he’s not planning to do that at the moment.While both Saudi Arabia and Russia have expressed openness to coordinated production cuts -- and Trump said a deal between the two nations will come soon --...
The electric carmaker is axing contractors at both its vehicle assembly plant in Fremont, California, and at its Gigafactory outside of Reno, Nevada, according to the CNBC report https://cnb.cx/2UZf5EH. "It is with my deepest regret that I must inform you that the Tesla factory shutdown has been extended due to the COVID-19 pandemic, and as a result, Tesla has requested to end all contract assignments effective immediately," Balance Staffing, a workforce management company, said in a memo sighted by CNBC....
One of the San Diego area's most visually dramatic homes recently sold for just over $15 million, placing it among the biggest local transactions on record. Deeds and documents reveal the La Jolla property was acquired by Boston-based tech tycoon Jerry Guo, the longtime president and CEO of telecommunications juggernaut Casa Systems, and his wife […]...
