Month: March 2020

The standoff between oil majors Saudi Arabia and Russia could “last a while” as they wait for each other “blink first,” an analyst said Tuesday. The oil markets tanked Monday, plunging over 20% amid already poor sentiment due to the coronavirus outbreak. The oil slump followed a disagreement on production cuts between OPEC and its allies. Russia declined to lower output last
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 111,300, according to data compiled by Johns Hopkins University. Global deaths: At least 3,892, according to data compiled by Johns
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JetBlue Airways on Monday withdrew its first-quarter and full-year earnings forecast and said it was considering voluntary time-off programs for employees, as the coronavirus outbreak wreaks havoc on the global travel industry. JetBlue said it is adjusting schedules between March and early May due to falling demand, and is evaluating further flight cancellations as the
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Stock trading app Robinhood is rolling out trading in bitcoin and ethereum in February for customers in five states. Source: Robinhood Free stock trading pioneer Robinhood is experiencing another major outage on Monday, keeping clients on the sidelines during another historic day for stocks.  “Trading is currently down on Robinhood and we’re investigating the issue,” the
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Oil prices plunged 30% in early trading Sunday night as OPEC’s failure to strike a deal with its allies regarding production cuts sparked fears of a price war as Saudi Arabia reportedly gets set to ramp up production.  International benchmark Brent crude futures plummeted 30% to $32.05 per barrel. U.S. West Texas Intermediate crude dropped 27%
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