Futures for West Texas Intermediate crude oil fell below zero on April 20, bottoming out below negative-$38 per barrel. In other words, traders were paying buyers to take the contracts. And while yesterday's disaster was partly a bizarre quirk of timing -- the contracts were fo
A new federal class-action lawsuit claims that several of the nation's largest banks prioritized larger loans in the Paycheck Protection Program (PPP) instead of processing loan applications in the order in which they arrived.
(RTTNews) - Shares of Snap Inc. (SNAP) jumped nearly 17% on extended trading session Tuesday after the company reported a first-quarter revenues that trumped Wall Street estimates.
(RTTNews) - Interactive Brokers Group, Inc. (IBKR) reported first quarter earnings per share of $0.60 compared to $0.64, a year ago. Adjusted earnings per share was $0.69 compared to $0.55. On average, five analysts polled by Thomson Reuters expected the company to report profit
What happened
Shares of tanker stocks jumped across the board early Tuesday as investors speculated that tanker rates would rise as short-term oil prices went negative. The most notable moves were by Nordic American Tankers (NYSE: NAT), Tsakos Energy Navigation (NYSE: TNP),
Charter Communications (NASDAQ: CHTR) is in the cross-hairs of New York Attorney General Letitia James after more than two hundred employees at its Spectrum unit reportedly tested positive for the coronavirus.
During the economic shutdown to combat the spread of the coronavirus, very few companies have been spared. Intuitive Surgical (NASDAQ: ISRG) is no exception. The stock was down nearly 40% in mid-March, though it has since rebounded and is now down only 16.6% so far in 2020.
A California regulator has asked PG&E Corp for governance and oversight changes to its reorganization plan, while proposing about $2 billion in penalties for the San-Francisco based utility's role in causing the devastating 2017 and 2018 wildfires in California.
If you’re tight on money due to the coronavirus pandemic, insurance premiums may be relatively low on your list of concerns. Instead of simply not paying your bills, be proactive…
Lawmakers and former officials are making a last-ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that Washington suspects of human rights abuses or threatening U.S. security, according to sources and documents seen by Reuters.
The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed.
Blockchain firm Ripple sued Alphabet Inc's YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency "giveaway" scams that use fake social media profiles to dupe victims into sending money.
The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it sounds alarm bells for global growth and are bracing for a catastrophic collapse in asset prices.
Miles traveled on highways during March were back to 1985 levels. The driving figures varies by state, and that can be a proxy for where people are adhering most closely to guidelines.