Coronavirus to fuel gold-miner deals: Barrick Gold CEO

Gold a quintessential hedge against currency erosion: Precious metals investor High Ridge Futures director of metals trading Dave Meger discusses the rise in gold investment amid coronavirus fears. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The COVID-19 pandemic […]

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Global Oil Powers Stumble Their Way Toward Historic Deal

The world’s largest oil producers are pressing ahead with talks for an unprecedented deal to mitigate the devastating impact of the coronavirus crisis on their industry, even as their leaders exchange barbs. The challenge now is to nail down numbers everyone can live with. Ministers and diplomats will spend the […]

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A recession may be inevitable. Here's why

New York (CNN Business)JPMorgan Chase CEO Jamie Dimon used his annual shareholder letter to detail just how bad he thinks the US economy can get from the coronavirus pandemic. Dimon expects a “bad recession,” he wrote in the letter released Monday, saying that in the most adverse scenario, gross domestic […]

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Oil sinks as Russia, Saudis postpone talks

Trump: ‘There’s an overabundance of oil right now’ President Trump discusses the meeting he held with oil executives and says there’s a massive supply of the resource currently which is driving prices way down. Oil prices pulled back following a week of historic gains after OPEC and its allies postponed […]

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Moody’s Sees Zambian Debt Restructuring as Highly Likely

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter Moody’s Investors Service cut Zambia’s credit rating to the second-lowest level, citing rising default risks and a debt restructuring that could involve significant losses for private creditors. Ratings agencies and institutions such as the International Monetary Fund […]

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Oil soars as OPEC plans peace talks on price war

Trump hopes Russia, Saudi Arabia end oil price war soon President Trump says the ongoing arguments between Russia and Saudi Arabia are severely hurting the oil industry. Oil prices spiked Friday amid reports OPEC members and their allies will hold a virtual meeting to discuss an end to their price […]

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Coronavirus may tap Tesla's brakes on deliveries

Elon Musk: Tesla has extra coronavirus-fighting ventilators Tesla’s Elon Musk tweets about his auto company’s ventilator production. FOX Business’ Susan Li with more. The COVID-19 pandemic is expected to deal a blow to Tesla Inc.’s first-quarter delivery figures. Continue Reading Below The electric-vehicle maker is set to report its numbers […]

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