Yahoo Finance's Oscar Williams-Grut has the latest from London.
Yahoo Finance's Oscar Williams-Grut has the latest from London.
Ontario premier Doug Ford announced this week that he’s given back a percentage of his annual salary after failing to present this year’s budget on time.
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Impossible Foods founder Pat Brown tells Yahoo Finance its in the best interest of the plant-based food movement if its chief rival keeps its customers.
Test and trace staff warn of risks to using untrained staff to assess Covid positive patients
Barry Jenkins continues to leave us bread crumbs to his forthcoming Amazon Prime Video series The Underground Railroad. Earlier this week, he gave us a “Preamble” and today, he posted a video introducing us to series star Thuso Mbedu as Cora. He took to social media to post the video with the caption Randall. Cora […]
Witnesses report up to 12 killed, disputing official death toll of one
Fashwire further accelerates its philanthropic mission, FashGive, as its Founder and CEO Kimberly Carney joins the Board of Gifting Brands, an organization which seeks to create unique consumer shopping experiences that combine the power of upscale retail brands, sustainable inventory solutions and philanthropy.
European stock markets slid and the dollar faltered Wednesday despite more upbeat talk in Washington on a US stimulus package.
Stocks rose as investors considered whether lawmakers would manage to pass a stimulus package sometime this week.
South Wales police defend use of Taser on pregnant woman. Leanne Perrett, 35, lost her baby after officer fired stun gun at her during fracas
Nigeria: protests continue despite curfew and president's plea. Demonstrators against police brutality killed in Lagos after security forces opened fire
Video of alleged incident went viral on TikTok
No. 10 Florida is planning to start returning to its football facility Monday, nearly two weeks after the program shut down because of a COVID-19 outbreak. Coach Dan Mullen, one of more than two dozen Gators who tested positive for the coronavirus last week, sounded congested as he said the team had a new positive Wednesday. “We're trying to see now if any new case could have been from the original spread on the team or if these are individuals kind of not following the kind of the quarantine procedure or just going out and getting it on their own because there’s no football going on right now," Mullen said on the weekly Southeastern Conference coaches call.
Prime Minister Boris Johnson announced the three-tier strategy earlier this month
Roger Federer said he is on target to play in the Australian Open in January after two knee surgeries sidelined him for most of 2020. The 39-year-old Federer hasn't played since Jan. 30, when he lost to Novak Djokovic in straight sets in the tournament in Melbourne. "I'm on the right track," he told Schweizer Illustrierte, a magazine in his native Switzerland.
(Bloomberg) -- Oil plummeted and gasoline futures tumbled after a U.S. government report showed swelling fuel stockpiles and slowing demand as the coronavirus pandemic rages.Crude futures in New York declined as much as 3.9% on Wednesday, while gasoline futures dropped over 4%. Domestic gasoline inventories rose 1.9 million barrels last week, the biggest increase since May, while a measure of gasoline consumption slid to the lowest since late September, according to an Energy Information Administration report. The mounting fuel supplies and lackluster demand may worsen during the normally sluggish winter driving months.“The resurgence in Covid-19 has put a pause in the expectation that we’d see increased demand,” said Brian Kessens, a portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets. “The build in gasoline is an indicator that we are seeing that truly play out.”Rising coronavirus infections worldwide are putting a damper on an already murky demand outlook, with governments imposing or considering tighter restrictions. Milan, Italy’s financial capital, will be under night-time curfew beginning this week, while Germany’s new infections reached a record. In the U.S., New York posted more than 2,000 new Covid-19 cases for the first time since May.JBC Energy cut its outlook for oil-products demand this year and early 2021, saying that “the persistent lack of recovery in U.S. gasoline demand remains particularly worrisome.”Flagging fuel demand highlights the importance of ongoing discussions over the next round of U.S. virus aid to reviving energy consumption. White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours, though any agreement likely faces a roadblock in the Republican-controlled Senate.“There’s concern about the growing virus caseload in a lot of places hitting demand, especially if there’s not some fiscal stimulus,” said Michael Lynch, president of Strategic Energy & Economic Research. “Global inventories are still quite high and they’re not going to come down until we get a stronger demand recovery. Now, it looks like that will be pushed further out into the future.”The surprise gasoline build led to another leg lower for refining margins. The so-called crack spread for combined gasoline and diesel against WTI futures slumped to the lowest since early April, providing little incentive for refiners to churn out more product in the midst of depressed demand.“There’s no reason for these guys to run the refinery. It’s a losing proposition,” said Bob Yawger, head of the futures division at Mizuho Securities. “There’s nobody that’s in a hurry to bring refinery utilization rates back up.”In another sign of weakness, the EIA report showed a fifth straight weekly build at the nation’s biggest storage hub in Cushing, Oklahoma. Crude inventories there are now over 60 million barrels for the first time since May. The spread between WTI’s nearest contracts weakened to its widest contango structure in about a week, signaling concerns of oversupply.Still, distillate stockpiles decreased 3.83 million barrels last week and crude stockpiles dropped just over 1 million barrels, the government data showed.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Michel Barnier promised to ‘seek the necessary compromises on both sides’ in the talks.
The call sign is a nod to her trailblazing status on the ballot.
Archer is back in the real world after spending its previous three seasons in a coma and the animated spy’s recovery is set to extend for a 12th season. FXX has renewed the show for another run in 2021. The 11th season launched on September 16 and the cable network said ratings for total viewers […]
Standard boss Philippe Montanier has seen three of his players test positive for coronavirus.