WASHINGTON — The Trump administration on Tuesday gave Chevron Corp, the last major U.S. oil company still operating in Venezuela, until Dec. 1 to “…
U.S. orders Chevron to ‘wind down’ Venezuela operations by Dec 1
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Netflix had the best quarter in its history because of the pandemic
Netflix’s Tiger King | Courtesy of Netflix The streaming company thought it would add 7 million subscribers. A global lockdown gave it 16 million. …
Netflix had the best quarter in its history because of the pandemic
U.S. Supreme Court sides with BP unit to curtail Superfund site cleanup lawsuits — Financial Post
April 20 – The U.S. Supreme Court on Monday threw out a lower court ruling that had allowed litigation by Montana landowners to proceed against BP Plc unit Atlantic Richfield Co seeking a more extensive cleanup of a hazardous waste site than the federal government had ordered. Read More
U.S. Supreme Court sides with BP unit to curtail Superfund site cleanup lawsuits — Financial Post
Oil price crashes into negative territory for the first time in history amid pandemic — Financial Post
NEW YORK — U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil. Read More
Oil price crashes into negative territory for the first time in history amid pandemic — Financial Post
The right way to play Monopoly — Vox – All
Phil Edwards/Vox If there were ever a good time to learn … Is there a right way to play Monopoly? Brian Valentine takes a stab at the answer. He was the United States representative to the 2015 World Monopoly championships, where he earned a third-place finish. As the above video shows, playing Monopoly right involves…
The right way to play Monopoly — Vox – All
Shopify Becomes Canada’s Second-Biggest Stock — Financial Post
(Bloomberg) — Shopify Inc. rallied for an eighth day, jumping as much as 7.8% Monday to a record, as investors piled into the tech stock after its Chief Technology Officer Jean-Michel Lemieux said last week that the e-commerce company was seeing U.S. Black Friday-type of traffic as it brings “thousands” of businesses online. Read More
Shopify Becomes Canada’s Second-Biggest Stock — Financial Post
Wall St falls as crude slump hammers energy stocks — Financial Post
Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus. Read More
Wall St falls as crude slump hammers energy stocks — Financial Post
Burger Chain Returning Fed Loan
The burger chain Shake Shack is returning the $10 million loan from the Fed. The loan was intended to assist small businesses in the country suffering from the near nationwide shutdown. Shake Shack is a $1.7 billion company.
Shake Shack Inc will return the small business loan it received from the U.S. government, the burger chain’s chief executive said on Monday, making it the first major firm to hand back money aimed at helping small businesses ride out the coronavirus impact.
https://www.cnbc.com/2020/04/20/burger-chain-shake-shack-to-return-10-million-government-loan.html
Apple has a $399 iPhone SE for the budget-conscious as coronavirus stalls economy — Financial Post
Apple Inc on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company’s smartphone line in a move to broaden its appeal to budget-conscious customers as the coronavirus hobbles the global economy. Read More
Apple has a $399 iPhone SE for the budget-conscious as coronavirus stalls economy — Financial Post
April Beige Book
Today the Federal Reserve published the April Beige Book. The Beige Book is a Federal Reserve System publication about the current economic conditions are the 12 Federal Reserve districts. Each district summarizes the market situations of each district based on qualitative information obtained for the sources available in that district.
As everyone would image the general news is not good. The COVID-19 pandemic has affected every sector of the economy, mostly in a negative manner. All of the districts reported a slowdown of activity. In the Chicago district “Economic activity declined, but the intensity of decline varied by industry. Consumer spending decreased sharply; business spending, construction and real estate activity, and manufacturing production decreased moderately. Retail and hospitality payrolls plunged. Wages edged up and prices were little changed. Financial conditions deteriorated substantially, as did prospects for agricultural income.”
the Java Exchange 