This Oil Rally Can’t Last
With a single tweet Thursday, President Donald Trump accomplished what decades of wars, coups, terrorist attacks and OPEC meetings hadn’t, sending the price of the world’s most important commodity up by nearly half in a trading session. Keeping it up won’t be as easy. By the end of the session, Brent crude, the global benchmark, had given back much of its initial price gain. Part of the problem is that Mr. Trump’s assertion doesn’t appear to have been true. The bigger one is that it might not matter.
Source:Wall Street Journal
April 02, 2020 23:15 UTC
New Jersey governor calls for 'postmortem' of federal response to coronavirus
(CNN) New Jersey Democratic Gov. Phil Murphy on Thursday called for an assessment of the federal response to the coronavirus once the crisis itself is handled, as states continue to scramble for much-needed medical supplies to combat the spreading virus. "On the one hand, I'll leave history to the historians in terms of how we got here," Murphy said. "But on the other hand, we've got -- all of us have to do one of the biggest postmortems, when the dust settles on this, in the history of our country." Murphy's comments echo those of congressional Democrats calling for a commission to investigate what happened in the onset of the coronavirus crisis, with the number of US cases going higher than 236,000 on Thursday and continuing to climb.
Source:CNN
April 02, 2020 22:52 UTC
Government Doubles Interest Rate on SBA Loans After Banks Complain
WASHINGTON—Faced with complaints from small banks, the federal government on Thursday doubled the interest rate—to 1%, up from 0.5%—under its emergency lending program for small businesses. The decision was announced hours before the launch of the roughly $350 billion lending program, which is designed to help small businesses stay afloat and pay their workers during the coronavirus crisis. Treasury...
Source:Wall Street Journal
April 02, 2020 22:47 UTC
Taylor Swift Just Did An Incredible Thing To Save Nashville Landmark Amid Coronavirus
Enter Swift, who quietly offered staffers “direct relief” and paid for three months’ worth of health care for all employees, giving the music landmark a fighting chance during unprecedented times. “Now I have some peace of mind as we apply for [Small Business Administration] loans to pay rent, vendors, and other expenses,” Doyle said. Swift helps give us a real shot at coming back on the other side of this.” Swift has a long history of generosity. She created her own foundation to help Tennessee recover from 2010 flooding and has made sizeable contributions to causes that include disaster relief, education and LGBTQ equality. Swift has donated $3,000 to 20 fans to help them make rent and pay other bills, according to Rolling Stone.
Source:Huffington Post
April 02, 2020 22:18 UTC
In A High Turnover Industry, He Built A Startup Where Team Members Want To Stay For Life
Leore wanted to start an organization where people wanted to stay for life. They were counting down until 5 o’clock.”It was much different than the job Leore had envisioned for himself. These roles ensure that Lob’s team members are intentionally at the center of every decision. For one, Lob’s leadership team isn’t constantly onboarding people to backfill vacant roles—only to train those in entirely new positions due to growth. As for finding investors and VCs open to working with a company more focused on a positive company culture over rapid growth?
Source:Forbes
April 02, 2020 22:07 UTC
States are competing for life-saving medical equipment. Who decides where it goes?
A hospital’s emergency preparedness chief offers insight into what resources hospitals need right now. As the spread of the novel coronavirus grows in the United States, many states finds themselves in need of medical equipment like ventilators and protective equipment for health care workers. Yet, for most states getting said equipment has not been easy. Requests have begun to outweigh supply and many states complain there’s a lack of guidance about how they can secure life-saving supplies. So, is there political bias in who gets resources right now?
Source:Washington Post
April 02, 2020 21:56 UTC
Are you a landlord whose tenants can’t pay rent because of coronavirus?
Millions of Americans are now out of work, or suffering a loss of hours, as large parts of the economy shut down to beat back the coronavirus. Many renters suddenly can’t afford their rent and don’t know where to turn for help. The state of California and local municipalities have rolled out several policies that seek to prevent evictions and give renters some time to pay back rent they suddenly can’t afford. But many landlords now wonder how they can afford to pay their own bills if rent collections dry up and they can’t evict struggling tenants. If you are a landlord whose tenants can’t pay rent because of coronavirus, please share your story with us below.
Source:Los Angeles Times
April 02, 2020 21:33 UTC
New Kind of U.S. Actively Managed ETF Starts Trading
American Century Investments on Thursday launched the first of a new flavor of U.S. exchange-traded funds aimed at reviving investors’ interest in stock-picking managers. American Century’s Focused Dynamic Growth and Focused Large Cap Value ETFs, which pick stocks without disclosing their daily holdings to help protect their managers’ trading strategies, opened at 9:45 a.m. New York time Thursday on Cboe Global Markets’s electronic stock exchange. They began trading within minutes, and closed the day with nearly 4,100 and...
Source:Wall Street Journal
April 02, 2020 21:33 UTC
Thailand’s Energy Tycoons Power Through Global Collapse In Fuel Prices
Despite the collapse of global energy prices, the Covid-19 outbreak and a weakening Thai economy, three of Thailand’s four energy tycoons grew their net worth last year. Their focus on natural gas and renewable energy has benefited from the government’s goal to switch to cleaner fuels. His Gulf Energy Development profited from three new gas-fired power plants brought online this year, boosting profits last year by 61%. Despite its weak economy, Thailand’s energy demand is likely to remain resilient and require more capacity, according to Fitch Solutions energy analyst Daine Loh in Singapore. Absolute Clean Energy is perhaps the purest play on Thailand’s shift to renewable energy: the company’s nine biomass power plants account for the lion’s share of its profits, which rose 49% last year.
Source:Forbes
April 02, 2020 21:33 UTC
Navy Removes Captain of Coronavirus-Stricken Aircraft Carrier
WASHINGTON—Navy leaders have relieved the captain of a U.S. aircraft carrier after a memo to military officials in which he pleaded for help with a coronavirus outbreak at sea was leaked to a newspaper. Brett Crozier, the commanding officer of the USS Theodore Roosevelt, now at port in Guam, was relieved Thursday after superiors said they lost confidence in his ability to lead. The decision to remove him drew outrage from lawmakers and some relatives of crew members who backed the commander’s call for attention to the...
Source:Wall Street Journal
April 02, 2020 20:53 UTC
Zoom CEO apologizes for having 'fallen short' on privacy and security
"We recognize that we have fallen short of the community's -- and our own -- privacy and security expectations," Eric Yuan said in a blog post on Wednesday. Facebook FB Google GOOGL Twitter TWTR Zoom will stop adding new features for the next 90 days and instead focus solely on addressing privacy issues, Yuan said. The coronavirus outbreak has seen millions of people ordered to stay in their homes flock to Zoom , which has garnered praise for its features and usability. Yuan said Zoom crossed 200 million daily meeting participants in the month of March. But the spike in popularity has led the company to quickly find itself dealing with many of the issues that have plagued larger online platforms, particularly around privacy.
Source:CNN
April 02, 2020 20:48 UTC
Why You Should Flush With The Lid Down: Experts Warn Of Fecal-Oral Transmission Of Covid-19
GUANGZHOU, CHINA - APRIL 01: A staff member wearing protective suit spays disinfectant liquid at a ... [+] washroom in international service area of Guangzhou Baiyun International Airport. The danger of fecal-oral transmission is higher for symptomatic people, so if you share a bathroom with a COVID-19 positive individual, disinfect the entire washroom with alcohol or ultraviolet light between uses, Chen also advises. Key Background: There are four methods of COVID-19 transmission: (1) direct contact or indirect contact (i.e. Though direct or indirect transmission is most likely candidate for transmission, according to Chen, there is no substantial research to trace origins of COVID-19 transmission on a per patient basis. Qingyan Chen has studied virus spread through transit ventilation systems and is developing a ventilation system that would prevent the spread of pathogens with individuals only breathing their own air, according to Purdue University.
Source:Forbes
April 02, 2020 20:48 UTC
Commander of aircraft carrier hit by coronavirus removed for 'poor judgment' after sounding alarm
Modly told reporters that Crozier was removed for showing "extremely poor judgment" and creating a "firestorm" by too widely disseminating the memo detailing his concerns, copying some 20 to 30 people. The information in question was contained in a memo written by Crozier earlier this week to the Navy's Pacific Fleet. In his memo, Crozier implored Navy leaders to take immediate steps to address the situation. And in the next couple of days we expect to have 2,700 of them off the ship," Modly told reporters at the Pentagon. It requires a certain amount of people on that ship to maintain the safety and security of the ship," Modly said.
Source:CNN
April 02, 2020 20:46 UTC
Laviska Shenault Jr.: 5 things to know about the 2020 NFL Draft prospect
Laviska Shenault Jr. is a wide receiver who is looking to make the jump from college to the pros. The NFL hopeful spent three years at Colorado and is regarded as one of the best wide receiver prospects in the 2020 NFL Draft. Here are five other things to know about Shenault Jr.**CLICK HERE FOR MORE NFL DRAFT COVERAGE1) HOW DOES HE STACK UP? 4) STANDING OUT IN BIG GAMESThere were several games in 2019 where Shenault Jr. showed what he is capable of. Shenault Jr. will likely be drafted late in the first round, or in the early part of the second round.
Source:Fox News
April 02, 2020 20:37 UTC
Conservative activist Candace Owens 'considering' running for office
Conservative activist and commentator Candace Owens said Thursday she has decided to seek public office, though she's mum on when she’ll be running and against who. “We’ve come to a junction where it’s not enough just to comment on politics but to get involved in it,” Owens said. She also tweeted Thursday: "Never had any desire to [run for office] previously, but something changed in me last night." CLICK HERE FOR THE FOX NEWS APP“They’re using this crisis to get themselves out of their own crises,” she said. Her career has been embroiled in controversy – from her 2018 comments that “Hitler just wanted to make Germany great and have things run well” to her comments on mass shootings.
Source:Fox News
April 02, 2020 20:37 UTC