Chesapeake Energy's stock rockets as oil prices surge, and have more than doubled in 3 weeks

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Chesapeake Energy's stock rockets as oil prices surge, and have more than doubled in 3 weeks

Shares of Chesapeake Energy Corp. CHK, +72.95% rocketed 50.3% in active afternoon trading Friday, boosted by a surge in crude oil prices ahead of a weekend meeting of major oil producers. Volume swelled to 5.5 million shares, compared with the …
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US Consumers Shunned Borrowing in April as Economy Shut Down

WASHINGTON — U.S. consumer borrowing plunged in April as households fretted about the disruptions caused by the coronavirus pandemic and cut back on their use of credit. The Federal Reserve reported Friday that total borrowing fell by $68.8 billion, …
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MTA unveils its official reopening plan

STATEN ISLAND, N.Y. — Days before New York City is set to begin phase one of reopening amid the novel coronavirus (COVID-19), the MTA has released an official plan to welcome back commuters to a safe and efficient transit environment. On Friday, the …
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India's Yatra scraps merger deal with US firm Ebix

(Reuters) – Indian travel services company Yatra Online Inc (YTRA.O) said on Friday it is terminating its pending merger agreement with U.S. software firm Ebix Inc (EBIX.O) and filed a litigation over Ebix’s breach of agreement terms. Ebix had agreed here to …
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A Federal Court Just Halted Use of a Highly Controversial Herbicide

For indispensable reporting on the coronavirus crisis and more, subscribe to Mother Jones’ newsletters. On Wednesday afternoon, the 9th Circuit Court of Appeals in San Francisco made a ruling that sent shockwaves through Midwestern and Southern farm …
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