Oil jumps more than 6% as Saudi Arabia pledges further production cuts

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Oil jumps more than 6% as Saudi Arabia pledges further production cuts

Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus pandemic crushed fuel demand. U.S. West Texas …
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Krispy Kreme to honor 2020 seniors with free 'Graduate Dozen' doughnuts

Something sweet is coming to 2020 graduates as the coronavirus pandemic as ruined many of their graduation celebration plans. Krispy Kreme wants to help all high school and college seniors celebrate their accomplishments with free doughnuts on May 19, …
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Powell is expected to squash idea of negative rates, even as Trump says US would benefit

Fed Chairman Jerome Powell is expected Wednesday to discuss his view of the economy and the Fed’s policy actions, but market pros are waiting to hear him say the Fed has no plans for negative interest rates. President Donald Trump Tuesday tweeted that …
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Quibi, Netflix's weirdest rival, is off to a rough start

New York (CNN Business) Quibi is off to a messy start. The streaming service, which offers mobile videos and series that are cut into segments shorter than 10 minutes, garnered a lot of attention when it launched on April 6. But the payoff has been muted, and …
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24-year-old dies after fall at downtown construction site

Police and the Occupational Safety and Health Administration investigate where a worker fell off the construction site of a new bank building on Tuesday, May 12, on Minnesota Ave. in Sioux Falls. (Photo: Erin Bormett / Argus Leader). A 24-year-old man died …
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