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NYTimes BusinessApr 10, 2020
Coronavirus Live Updates: U.S. Projects Summer Spike In Infections if Stay At Home Orders Are Lifted
Global supply chains have been disrupted, leading to shortages of key goods. Every country needs the same lifesaving tools, but nationalist-minded leaders are jeopardizing access for all. Michigan will ban travel between homes.

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New York Gov. Cuomo cautiously optimistic that rate of coronavirus infection is slowing (MarketWatch MarketPulse)

MarketWatchApr 10, 2020
Business in the Age of COVID-19: J&J in the age of COVID-19: A vaccine candidate is in the works, but medical devices are likely to take a hit this year
Johnson & Johnson is, in many ways, the benchmark company for the performance of publicly traded, health-care companies.

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The Margin: Can my cat get coronavirus? Should my dog wear a mask? What pet owners need to know about COVID-19 (MarketWatch)
With Events On Hold, Experiential Agencies Use Their Skills to Fight COVID-19 (AdWeek News)

Reuters BusinessApr 10, 2020
Saudi, Russia work oil cut deal in G20 talks, seek U.S. participation
Top oil nations were finalising a deal at G20 talks on Friday for big output cuts to lift prices slammed by the coronavirus crisis with Russia and Saudi Arabia taking a lion's share and signs the United States might take unprecedented moves to help.

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Kremlin: Putin and Trump discuss OPEC oil cuts deal (Reuters Business)
G20 prepares to back largest oil supply deal in history (FT.com - Financial Markets)

Dismal.com: AnalysisApr 10, 2020
Geopolitical Risk Calendar: A Tentative Oil Deal
The oil production agreement is not likely to overcome reduced global demand.

Yahoo BusinessApr 10, 2020
How the Pandemic Wiped Out Oil Demand Around the World
(Bloomberg) -- Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all unnecessary travel.Currently, between a third and a half of the world's population are in lockdown, meaning few people are driving, flying or doing much that would require the use of crude or its derivatives.The ramifications for the oil market are huge, with refiners, producers and even petrostates all facing uncertain futures. The most immediate set of data from America starkly illustrated the impact. On Wednesday, the U.S. Energy Information Administration reported U.S. drivers consumed the least gasoline for at least 30 years, as normal life ground to a halt.Demand for crude could fall by 27 million barrels a day this month, according to Rystad Energy AS, while Trafigura Group estimates the current hit to consumption is around 35 million barrels a day.Against this backdrop, the Organization of Petroleum Exporting Countries and its allies, meeting via video conference on Thursday, agreed to cut production by 10 million barrels a day.The agreement, which dwarves previous interventions and has been sponsored by U.S. President Donald Trump, would end the price war between Riyadh and Moscow that helped pushed oil down to the lowest in almost two decades. The deal, however, is at risk of collapse after Mexico refused to sign up.Attention now turns to today's meeting of G-20 oil ministers, chaired by Saudi Arabia, where countries outside OPEC , including the U.S., are expected to make com

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Business Updates During Coronavirus Pandemic: Live Coverage (NYTimes Business)
3 Ways the Cannabis Industry Will Come Out Stronger From The Coronavirus Pandemic (The Motley Fool)

MarketWatchApr 10, 2020
Market Extra: Is the stock market open on Good Friday? Here are the asset trading exchanges closed today and on Easter Monday
It won't be your typical Easter, or Passover, on Wall Street, in the era of COVID-19, the deadly pandemic that has forced a global shutdown of businesses and caused governments to impose social-distancing measures to curb the spread of the disease.

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G20 ministers to propose task force on next steps to help oil market: India (Reuters Business)
Industrialized Nations Attempt an Oil Market Solution (Wall Street Journal US Business)

Washington Post BusinessApr 10, 2020
Fed Chair Powell says U.S. economy deteriorating ‘with alarming speed'
The Fed is taking large and unprecedented steps to keep the U.S. economy on life support during the global pandemic.

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Fed Announces Lending Plan To Help Coronavirus-Battered Economy (NPR Topics: Business)
Japanese shares rise as Fed rescue programme lifts bank stocks (Reuters Company News)

SEC.gov Updates: News DigestApr 10, 2020
D - Fugio Fund XI VC, LP (0001809085) (Filer)
2020-04-10 0001507943-20-000047 8 KB
Item 3C: Investment Company Act Section 3(c)
Item 3C.7: Section 3(c)(7)


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D/A - BLACKSTONE / GSO EUROPEAN SENIOR LOAN FUND (0001548810) (Filer) (SEC.gov Updates: News Digest)

Forbes HeadlinesApr 10, 2020
How Baseball Cards Are Giving Fans An Escape From A Nationwide Health Crisis
Hobby experts weigh in on how this worldwide pause as an opportunity for baseball cards to emerge as a release from the coronavirus pandemic's 24-hour news cycle.

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Multicultural Consumers Face Distinct Challenges During The COVID-19 Crisis (Forbes Headlines)
Boeing bonds downgraded by Moody's; coronavirus 'greater pressure point' than 737 Max crisis (MarketWatch MarketPulse)

MarketWatchApr 10, 2020
Top Ten: Weekend reads: All the benefits and financial help you can get during the coronavirus crisis
Also, how businesses adjust during the coronavirus pandemic and investment ideas in a down market.

Reuters BusinessApr 10, 2020
Mexico says U.S. to help it make oil cuts aimed at global reduction
The United States agreed on Thursday to make 250,000 barrels per day in additional cuts to oil output to help Mexico contribute to global reductions, Mexican President Andres Manuel Lopez Obrador said on Friday.

MarketWatch MarketPulseApr 10, 2020
Boeing to deliver face shields to health workers treating coronavirus patients
Boeing Co. will deliver its first batch of reusable, 3D-printed face shields to healthcare workers treating COVID-19 patients, the company said Friday. The Department of Health and Human Services has accepted an initial shipment of 2,300 face shields on Friday, and the Federal Emergency Management Agency will deliver the shields to a convention center in Dallas, designated as an alternate care site to treat patients with COVID-19. "Boeing is set to produce thousands more face shields per week, gradually increasing production output" to meet the growing need for personal protective equipment in the U.S., the company said. Boeing will coordinate the distribution of additional face shields with U.S. officials, it said. The company is making the face shields at several of its production sites across the U.S. A Boeing supplier provided the clear film for the face shields, and another supplier donated the elastic used for the adjustable headbands, the company said. Boeing has halted aircraft production in several of its plants, including major ones in the states of South Carolina and Washington, to respond to social-distancing and non-essential work guidelines amid the coronavirus pandemic, which also has caused air travel to grind to a standstill. Boeing is still working on getting its 737 Max aircraft back to service after the plane family's groundings in March 2019 following two deadly crashes linked to a faulty anti-stall system.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessApr 10, 2020
U.S. Energy Secretary tells G20 all nations should help reduce oil surplus
U.S. Energy Secretary Dan Brouillette on Friday described a dire situation in global energy markets, saying that the coronavirus pandemic and massive oil surplus have created a lethal combination.

The Motley FoolApr 10, 2020
1 Stock That Crushed the Market During the Last Recession
Amgen outperformed the market in 2008; can the company do the same in today's recessionary conditions?

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Why Canadian Pot Stocks Are Safer Than Their U.S. Counterparts in the Coronavirus Market Crash (The Motley Fool)

Automotive News Breaking NewsApr 10, 2020
China sales fall 43% in March; industry sees 2nd-half recovery
Light-vehicle deliveries have now declined 21 consecutive months, but the latest drop was less steep than February, when volume plunged 79 percent as the coronavirus outbreak curbed demand.



MarketWatchApr 10, 2020
NewsWatch: Stocks will revisit their coronavirus crash low, and here's when to expect it
U.S. market history points to a final bottom in August, writes Mark Hulbert.

Wall Street Journal US BusinessApr 10, 2020
China's Car Sales Endure Worst-Ever Quarterly Decline
Auto makers in China suffered their bleakest ever quarter in January through March, as the coronavirus pandemic closed factories and dealerships for several weeks, and eviscerated consumer demand.

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UPDATE 4-U.S. agencies back revoking ability of China Telecom to operate in U.S. (Reuters Company News)

Google Business NewsApr 10, 2020
Homemade face masks, coronavirus prevention, CDC: Everything you should know - CNET
Homemade face masks, coronavirus prevention, CDC: Everything you should know  CNETMelania Trump encourages face mask use with photo of herself  CNNHow to make your own face mask. No sewing required.  NJ.comWhere to buy cloth face masks sold out on Amazon: Etsy, REI - Business Insider  Business InsiderHow to make a mask at home  UNF Spinnaker

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Boeing delivers 3D-printed face shields and other supplies to combat coronavirus (Yahoo Business)

Reuters BusinessApr 10, 2020
Trump, Putin discuss coronavirus, global energy markets: White House
U.S. President Donald Trump spoke with Russian counterpart Vladimir Putin on Friday about the coronavirus and energy markets, the White House said.

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Trump, Putin, Saudi Crown Prince Scramble to Fix Oil Markets - The Wall Street Journal (Google Business News)

Google Business NewsApr 10, 2020
Coronavirus economy could burst America's big-city rent bubble - NBC News
Coronavirus economy could burst America's big-city rent bubble  NBC News

Wall Street Journal US BusinessApr 10, 2020
Coronavirus Disruptions Pushed U.S. Prices Down in March
U.S. consumer prices fell in March as oil prices plummeted and the economy began to strain under the new coronavirus pandemic.

Google Business NewsApr 10, 2020
Coronavirus collapse pulls down U.S. consumer prices in March - MarketWatch
Coronavirus collapse pulls down U.S. consumer prices in March  MarketWatchView Full Coverage on Google News

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Economic Report: Coronavirus collapse pulls down U.S. consumer prices in March (MarketWatch)

Reuters BusinessApr 10, 2020
Kremlin says 'work' on Mexico joining oil cuts under way
The Kremlin said on Friday that "work" to persuade Mexico to join efforts to curb oil production was under way a day after marathon talks among producers produced a deal on cutting out conditional on Mexico's participation.

SEC.gov Updates: News DigestApr 10, 2020
D/A - BLACKSTONE/GSO GLOBAL DYNAMIC CREDIT EUR FEEDER FUND (IRELAND) (0001597548) (Filer)
2020-04-10 0000950142-20-001091 10 KB
Item 3C: Investment Company Act Section 3(c)
Item 3C.7: Section 3(c)(7)


Google Market NewsApr 10, 2020
The IRS has a new website where you can get your stimulus relief check if you're not required to file taxes - CNBC
The IRS has a new website where you can get your stimulus relief check if you're not required to file taxes  CNBCHere's When You'll Get Your Stimulus Check  ForbesIRS debuts new tool for non-filers to get faster stimulus payments - Business Insider  Business InsiderWhen are stimulus checks coming? Money could roll out to Americans next week  USA TODAY

CNBC BusinessApr 10, 2020
New York posts negative net change in ICU admissions for first time since coronavirus outbreak
New York saw more than 700 deaths from Covid-19 on Thursday, Gov. Andrew Cuomo said.

MarketWatchApr 10, 2020
Coronavirus update: 1.62 million cases worldwide, 97,200 deaths; U.S.'s fatalities now second only to Italy's
The number of U.S. cases of the coronavirus that causes COVID-19 rose Friday to exceed the combined tolls of Spain, Italy and France, the next three countries with high case counts, while the number of deaths climbed to second place behind Italy.

Forbes HeadlinesApr 10, 2020
Tornado And Wildfire Season Will Be More Treacherous Because Of Coronavirus. Here's Why.
"All of these activities that we do during and after disasters…[are] the exact opposite of what we need to do to keep people safe from Covid-19," one expert said.

MarketWatch MarketPulseApr 10, 2020
Taiwan Semi says March sales jumped 42% from a year ago
Taiwan Semiconductor Manufacturing Co. Ltd. said Friday that its March sales totaled NT$113.52 billion ($3.78 billion), marking a 42.4% rise from a year ago and a 21.5% increase from February. Revenue for the semiconductor company's March quarter came in at NT$310.60 billion, up 42% from a year earlier, according to a 6-K filed with the Securities and Exchange Commission. Taiwan Semi shares have lost 11.3% over the past month, as the S&P 500 has fallen 3.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsApr 10, 2020
Amid in-game Hong Kong protests, Chinese retailers drop Animal Crossing sales - Ars Technica
Amid in-game Hong Kong protests, Chinese retailers drop Animal Crossing sales  Ars Technica16 Things We Loved and Didn't About Animal Crossing: New Horizons  IGNTaobao removes Animal Crossing listings from its marketplace  TechNodeAnimal Crossing: New Horizons' airport trick doesn't seem to be true  PolygonChina Bans Sales Of Animal Crossing: New Horizons In Suspected Censorship Scuffle  

Google Business NewsApr 10, 2020
New York and Coronavirus: Live Updates - The New York Times
New York and Coronavirus: Live Updates  The New York TimesNew York City digs mass graves in potter's field for unclaimed coronavirus victims  CBS This MorningCoronavirus: New York ramps up mass burials amid outbreak  BBC NewsNYC starts burying coronavirus victims on Hart Island potter's field  New York Post Workers in hazmat suits continue to dig mass graves on NYC's Hart Island  Daily Mail

MarketWatchApr 10, 2020
Market Extra: Farmers can't pause planting season — here's how they're preparing to deal with the coronavirus pandemic
Farmers and suppliers say the COVID-19 pandemic will complicate planting season, but they're optimistic that with precautions and planning they'll be able to minimize the threat of illness and keep disruptions largely at bay

Google Business NewsApr 10, 2020
The IRS is extending even more tax deadlines to July 15. Here's what you need to know - CNBC
The IRS is extending even more tax deadlines to July 15. Here's what you need to know  CNBCHere's When You'll Get Your Stimulus Check  ForbesTreasury expected to get started on stimulus payments Friday  POLITICOWho needs to file a tax return ASAP to receive a coronavirus stimulus relief check, according to the IRS  CNBC

MarketWatch MarketPulseApr 10, 2020
COVID-19 case tally: 1.61 million cases, 96,783 deaths
The number of cases of COVID-19 around the world rose to 1.61 million on Friday, while the number of fatalaties rose to 96,783 according to aggregated data from Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering.. At least 356,161 people around the world have recovered from the novel coronavirus that has sickened people in 184 countries, the data show. The U.S still has the most cases at 466,299 and 16,686 deaths. Another 26,522 people have recovered. In Europe, Spain has 153,222 cases and 15,843 deaths. Italy has 146,626 cases and 18,279 fatalaties, making it the highest in the world. France has overtaken Germany in case numbers at 118,785 and 12,228 deaths, while Germany has 118,235 cases and 2,607 deaths. China has 82,924 cases and 3,340 deaths. Iran, another hot spot, has 66,220 cases and 4,110 deaths.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Jobless Claims Surpass 16 Million; Aid Package Stalls in Senate (NYTimes Business)

Dismal.com: AnalysisApr 10, 2020
Canada Weekly: OPEC (G-20) = -10 million?
Proposed supply cuts won't be enough to save Canada's oil industry.

Yahoo BusinessApr 10, 2020
N.Y. Deaths Slow; Trump Aide Doubts May 1 Target: Virus Update
(Bloomberg) -- New York's daily virus deaths fell for the first time in three days and hospitalizations slowed. The U.S. Surgeon General cast doubt on the Trump administration's goal of a quick restart of the economy, saying most of the nation won't be ready by May 1.Spain reported the fewest deaths since March 24, and the pace of new cases slowed in Germany. Italy reported a downward trend in fatalities and infections, and may extend its lockdown into May, while U.K. Prime Minister Boris Johnson is able to walk around as part of his recovery.European Union finance ministers agreed on a $590 billion rescue package.Key DevelopmentsCoronavirus Tracker: Global Cases 1.62 Million; Deaths 97,200‘No Sail Order' for cruise ships extended; Boeing may cut jobsPotential coronavirus drugs may cost as little as $1, study saysFrance reports 4 deaths in hydroxychloroquine testsHong Kong's edge over Singapore shows early measures workAmerica worships from the parking lot, onlineWhite House weighs new panel to map post-virus recoveryCuomo Is Cautiously Optimistic (11:40 a.m. NY)New York State reported 777 deaths from the coronavirus in the past 24 hours, Governor Andrew Cuomo said at his daily press conference. The state reported 799 deaths the previous day.The governor said the deaths reflects those individuals who were admitted to a hospital when the state's rate peaked about two weeks ago."The leveling off of the number of lives lost is a somewhat hopeful sign," Cuomo said. Friday was the first day in three that New Yo

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What The $2 Trillion Coronavirus Aid, Relief, And Economic Security (CARES) Act Does For American Workers (Forbes Headlines)

MarketWatch MarketPulseApr 10, 2020
3M sues Performance Supply alleging illegal price gouging of N95 face masks
3M Co. said Friday it has filed suit in federal court against Performance Supply LLC, alleging illegal price gouging and deceptive practices in the sale of N95 respirators that provide protection against the COVID-19 pandemic. 3M alleges that the New Jersey-based company, which falsely claimed to be a 3M affiliate, had offered to sell $45 million worth of N95 face masks to New York City at prices that were 6 to 7 times (500% to 600%) above 3M's list price. 3M said any damages recovered as a result of the lawsuit will be donated to COVID-19-related nonprofit organizations. 3M said it has not changed prices on face masks since the COVID-19 outbreak. "3M does not - and will not - tolerate price gouging, fraud, deception, or other activities that unlawfully exploit the demand for critical 3M products during a pandemic," said Denise Rutherford, senior vice president of corporate affairs. 3M's stock has lost 18.1% over the past three months, while the Dow Jones Industrial Average has declined 17.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsApr 10, 2020
U.S. CDC extends "no sail order" for all cruise ships
The U.S. Centers for Disease Control and Prevention extended its "no sail order" for all cruise ships, as it looks to prevent the spread of the novel coronavirus pandemic.

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U.S. CDC extends "no sail order" for all cruise ships (Yahoo Business)

Yahoo BusinessApr 10, 2020
Mexico Says It Made OPEC Oil-Output Cuts Deal With Trump
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) and he would stick with Royal Caribbean Cruises Ltd (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd (NYSE: NCLH).Guy Adami said there are glimmers of hope in some casino stocks. He would stay in Wynn Resorts, Limited (NASDAQ: WYNN) until it reaches $75.See more from Benzinga * RNC Genter Capital CEO Likes Tech, Health Care, Financials In Volatile Market(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


MarketWatch MarketPulseApr 10, 2020
CDC extends No Sail Order for cruise ships
The Centers for Disease Control and Prevention (CDC) late on Thursday extended the No Sail Order for cruise ships, saying that there are at least 10 ships that have reported that crew members or passengers have COVID-19 or symptoms similar to those people who do have the disease. At least 20 additional ships at port in the U.S. have COVID-19 cases among crew members. The CDC had issued the first No Sail Order on March 14. This order will be in place for roughly three months. Year-to-date, shares of Carnival Corp. have tumbled 75.5%, Royal Caribbean Cruises Ltd.'s stock has dropped 69.8%, and shares of Norwegian Cruise Line Holdings Ltd. is down 77.5%. The S&P 500 has fallen 13.6% since the start of the year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsApr 10, 2020
Trump considers economic task force for pandemic recovery - CBS This Morning
Trump considers economic task force for pandemic recovery  CBS This Morning'Doesn't really sit very well': Acosta laments getting coronavirus test before briefing  Washington ExaminerWhat to know about the Coronavirus Task Force briefing: 4/9/20  POLITICOPence says Americans will begin to see checks at the end of next week  CBS NewsWatch live: Cor

SEC.gov Updates: News DigestApr 10, 2020
424B2 - Citigroup Global Markets Holdings Inc. (0000200245) (Filer)
2020-04-10 0000950103-20-007316 381 KB

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8-K - NATIONAL SECURITY GROUP INC (0000865058) (Filer) (SEC.gov Updates: News Digest)
424B2 - CITIGROUP INC (0000831001) (Filer) (SEC.gov Updates: News Digest)

Forbes HeadlinesApr 10, 2020
Regis Prograis Is Badly In Need Of A Fight—Until Then, He's Reminiscing About The Time He Was Broke
He still thinks about the red Camaro he had to give up after going bonkers with his spending.

Reuters BusinessApr 10, 2020
Crisis blocks Airbus plan for new A321 jet plant in France
Airbus has shelved plans to add a French assembly line for its A321neo just 10 weeks after the expansion was launched, as the coronavirus fallout spreads to its best-selling jetliner.

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UPDATE 3-Crisis blocks Airbus plan for new A321 jet plant in France (Reuters Company News)

MarketWatch Breaking NewsApr 10, 2020
The U.S. housing markets most vulnerable to a coronavirus-pandemic downturn
The U.S. housing markets most vulnerable to a coronavirus-pandemic downturn

Reuters Company NewsApr 10, 2020
REFILE-UPDATE 2-Crisis blocks Airbus plan for new A321 jet plant in France
* Airbus's best-selling model continues to be made in Hamburg

Entrepreneur.comApr 10, 2020
Bill Gates Warns That a Coronavirus-like Outbreak Will Probably Happen 'Every 20 Years or So'
Billionaire Bill Gates has been warning about the risk of a pandemic disease for years, stating that a global health crisis like coronavirus could wipe out 30 million people in less than a year.

Entrepreneur.comApr 10, 2020
4 Things Employees Want from Leaders During Uncertain Times
What you should be doing to assure and motivate your team.

Google Business NewsApr 10, 2020
Final Fantasy 7 Remake: Essential Things The Game Doesn't Tell You Straight Away - GameSpot
Final Fantasy 7 Remake: Essential Things The Game Doesn't Tell You Straight Away  GameSpotFinal Fantasy VII Remake - Thank You for waiting… | PS4  PlayStationFinal Fantasy VII Remake's Easy Mode Is Way Too Easy  KotakuFinal Fantasy VII Remake review  Engadget'Final Fantasy 7 Remake' Review: A Worthy Successor That May Just Surpass the Original  Collider.comView Full Coverage on Google News

MarketWatch Breaking NewsApr 10, 2020
Barron's on MarketWatch: Everything you need to know about N95 face masks
Barron's on MarketWatch: Everything you need to know about N95 face masks

CNBC BusinessApr 10, 2020
Goldman Sachs, the white-shoe investment bank, launches installment loan business with JetBlue
Goldman is building out its Marcus brand with installment loans, a digital wealth management tool and a checking account to diversify its businesses.

Forbes HeadlinesApr 10, 2020
The ‘Final Fantasy 7 Remake' PC Release ‘Hint' Is Not Really A Hint
Today's the official launch day for the Final Fantasy 7 Remake on PS4, but some believe it's coming to PC. This...seems kind of obvious.

MarketWatchApr 10, 2020
Asia Markets: Asian markets mixed as most global indexes closed for Good Friday
Asian markets were mixed in light trading Friday following gains on Wall Street.

Yahoo BusinessApr 10, 2020
Delta Cut to Junk by Fitch as 35,000 Workers Take Leave
(Bloomberg) -- Delta Air Lines Inc. was cut to junk at Fitch Ratings as part of a general downgrade of the U.S. airline industry and its ability to service debt. The assessment adds urgency to the Trump administration's desire to save the industry.Fitch on Friday lowered its rating on Delta's debt to "BB " from "BBB-" and warned that another downgrade is possible as air travel suffers with the spread of the coronavirus. The airline does, however, have more financial flexibility than some rivals, Fitch said in an assessment of the industry.Delta, Alaska Air Group Inc. and Southwest Airlines Co. are the "better-positioned U.S. carriers to weather the expected downturn," Fitch said.Other downgrades by Fitch on Friday include:Alaska Air downgraded to "BB " from "BBB-"American Airlines downgraded by one notch to "B"JetBlue Airways downgraded to "BB" from "BB "Southwest downgraded to "BBB " from "A-"United Airlines Holdings Inc. downgraded to "BB-" from "BB"President Donald Trump said on Friday that U.S. airlines must be saved. Responding to a tweet about the $50 billion bailout airlines are asking for, he said, "Not good...but it is what it is. Have to save the airlines!"Airline GrantsTrump's administration has announced as much as $32 billion in payroll grants for airlines, contractors and cargo carriers, controlled by Treasury Secretary Steven Mnuchin.Outside firms are advising Mnuchin on the terms he should set, including what he'll demand from the airlines in return, such as warrants for equity in the companies. Mnuchin has s

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Advance Auto boosts pay and paid sick time for workers, withdraws guidance and suspends buybacks (MarketWatch MarketPulse)

Dismal.com: AnalysisApr 09, 2020
Economic Roundup: U.S. Unemployment Rate Could Be as High as 16%
Initial claims for unemployment insurance benefits totaled 6.606 million last week.

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Coronavirus Updates: Another Unemployment Surge, Federal Reserve Action (NPR Topics: Business)

USA Today MoneyApr 09, 2020
Stocks rise as Federal Reserve provides $2.3 trillion to support economy, capping best week since 1974
U.S. stocks rose Thursday after the Federal Reserve said it would provide $2.3 trillion in support for the economy.       

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Stock market live updates: Dow jumps 200, now up 12% on week, Fed's $2.3 trillion backstop (CNBC Finance)
Fed Programs Could Inject $2.3 Trillion Into the Economy (NYTimes Business)

Yahoo BusinessApr 09, 2020
Even OPEC 's Deep Cuts Couldn't Keep Oil Markets From Plunging
(Bloomberg) -- Some of the world's largest oil producers are finalizing a deal that would take an unprecedented 10 million barrels a day of crude off the market in an bid to resuscitate prices pummeled by the coronavirus pandemic.The market's crashing anyway.A marathon OPEC video conference that's still ongoing after eight hours has so far yielded an end to Saudi Arabia's price war with Russia, established the contours of an historic supply-curb agreement, and laid the foundation for an even broader global accord to trim production. Yet futures in New York ended the day 9% lower while crude in London closed down 4%.Oil's seemingly unstoppable collapse underscores just how dramatically demand has deteriorated as the virus ravages world economies and brings modern life to a standstill. More than two-thirds of the world's population is in lockdown -- not driving, flying or otherwise burning fuel. Consumption is falling faster than anyone predicted, with demand losses seen reaching 35 million barrels a day by some estimates. Against that backdrop, an agreement to eliminate 10% of global crude supply -- while extraordinary -- isn't a panacea.The stakes could not be higher: OPEC 's ability to correct the worst market rout in nearly two decades could bend the fortunes of energy players across the globe, from petro-states and Big Oil to traders and oilfield workers. Billions of dollars in spending and countless industry jobs are at risk as prices tumble, triggering shale bankruptcies and shutting oil fields

SHRM HR NewsApr 09, 2020
Share Your Story: The Mountain Goes to Employees
Mountain Creek ski resort, which has shut down its entire operation during COVID-19, is reaching out a helping hand to its employees and lending its expertise to small area businesses.

Reuters BusinessApr 09, 2020
Global stock markets jump on Fed stimulus, oil pulls back from earlier surge
Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier surge.

Entrepreneur.comApr 09, 2020
10 Steps to Protecting Your Business, Your Employees and Yourself During the COVID-19 Crisis
The future is bright, according to MeasuredRisk founder Tom Albert.
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