A worker on a Chesapeake Energy natural gas platform in Fort Worth, Texas Matt Nager | Bloomberg | fake pictures Chesapeake Energy, the son of the American shale revolution, filed for bankruptcy on Sunday. The move comes as the company and industry in general have been rocked by a drop …
Read More »Florida Reports Reduction of COVID-19 Cases for the First Time in Days
The state of Florida avoided another record in daily confirmed coronavirus cases, but still saw more than 8,000 new cases reported. Experts say the true number is undoubtedly higher. This is as much due to incomplete evidence as it is becoming increasingly clear to scientists that a significant number of …
Read More »May earnings of Chinese industrial companies register first monthly increase in 6 months
SHANGHAI (Reuters) – Profits from China’s industrial companies rose for the first time in six months in May, suggesting that the country’s economic recovery is gaining ground and improving prospects for manufacturing investment and jobs. Workers wearing face masks after the outbreak of coronavirus disease (COVID-19) load steel products for …
Read More »A quick reopening, a surge in infections, and a recovery of the US at risk
ROCK HILL, SC (Reuters) – When Texas reopened bars for Memorial Day weekend last month, locked-in millennials and Gen Zers made the most of it, circumventing social distancing rules to pack clubs and pressing their credit card expenses in the next two weeks at 2019 levels. FILE PHOTO: The Handlebar …
Read More »Stocks plunge as virus cases rise, forcing states to back down
Shares on Wall Street fell sharply on Friday as new confirmed coronavirus infections in the US hit a record high, prompting Texas and Florida to reverse the course of business reopening. The combination injected new concerns into a market that has been at its peak since April in hopes that …
Read More »