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Tag: market
A global deal to slash oil production is at risk after Mexico objects
Russia and Saudi Arabia have called off their brutal price war and are now pushing dozens of major crude producers toward a deal that would slash production and help stabilize a market that's been rocked by the coronavirus pandemic.
https://www.google.com/covid19/
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A 3,000% jump in jobless claims has devastated the US job market
Millions more Americans filed for unemployment benefits last week, as businesses continue to lay off and furlough workers amid the coronavirus outbreak.
https://www.google.com/covid19/
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How two senators became political villains in the coronavirus saga
As the scope and seismic economic impact of the coronavirus global pandemic was still not entirely clear to most Americans, several US senators were unloading large amounts of stock -- moves that came before the massive drop in the stock market that has cost Americans trillions in wealth.
https://www.google.com/covid19/
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Saudi Arabia just won control of the oil market
When Saudi Arabia, OPEC's de facto leader and most influential member, decided at its latest meeting in Vienna to break its recent strategic oil partnership with Russia and adopt a new policy to maximize production levels, oil prices crashed — posting their biggest slide since the Gulf war in 1991.
https://www.google.com/covid19/
