Jessica Resnick
Jessica Resnick
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U.S. oil plunges to 18-year low as lockdowns trigger market meltdown

U.S. oil plunges to 18-year low as lockdowns trigger market meltdown

By NEW YORK (Reuters) - Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic.Oil futures have lost more than half their value in the past 10 days as schools have closed, businesses have shuttered and governments worldwide have urged residents to limit gatherings. The decline in the U.S. market in the last 10 days is the largest ever for the contract since it was introduced in 1983.“The market is cascading. It’s trying to search for a bottom and it doesn’t seem able to find one,”...

March 18, 2020
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Retailers already hit by coronavirus board up as U.S. protests rage

Retailers already hit by coronavirus board up as U.S. protests rage

By NEW YORK (Reuters) - Target Corp and Walmart said on Sunday they shuttered stores across the United States as retailers already reeling from closures because of the coronavirus pandemic shut outlets amid protests that included looting in many U.S. cities.Slideshow Protests turned violent in places including New York and Chicago following the death in Minneapolis of a black man, George Floyd, seen on video gasping for breath as a white police officer knelt on his neck.In Los Angeles, protests led to the looting of the Alexander McQueen clothing store on Rodeo Drive, and a Gucci store on...

May 31, 2020
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