Oil prices plunged about 10% on Friday, after a proposal by major oil producers to cut output collapsed. The plan had been intended to keep oil prices steady despite the hit to demand as the coronavirus slows travel, manufacturing and global supply chains.Read More →

corona-virus

The coronavirus is going global, and it could bring the world economy to a standstill. The economic fallout could include recessions in the U.S., euro-area and Japan, the slowest growth on record in China, and a total of $2.7 trillion in lost output—equivalent to the entire GDP of the U.K.Read More →