Oil prices sink to lowest in over a year, biggest weekly drop since 2016

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Oil prices sink to lowest in over a year, biggest weekly drop since 2016

NEW YORK (Reuters) – Oil prices slumped for a sixth day in a row on Friday to their lowest in more than a year, causing futures to drop by the most in a week since 2016, as the spread of coronavirus stoked fears that a slowing global economy would hit …
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Delta Air Lines CFO Departs as Airline Industry Faces Coronavirus Impact

Paul Jacobson, the Delta Air Lines Inc. executive who helped reshape the finances of the air carrier after it emerged from bankruptcy in 2007, plans to retire, a move that comes as the airline industry faces the mounting challenge of the spreading coronavirus.
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Veteran Delta CFO to retire

Delta is on the hunt for a new finances chief following an announcement Friday that Paul Jacobson will retire. Jacobson, who was hired as a financial analyst in 1997 and promoted to CFO in 2012, will remain at Delta Air Lines Inc. while a successor is named …
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Cannabis producers in Canada are now offering 'value brands' to compete with cheaper illegal market

The legal market in Canada grew 107% in 2019, but illegal sellers still dominate with about 70% of the market. Cannabis stocks have fallen more than 60% over the past year. Canopy, Tilray, and Aurora have all launched “value brand” cannabis offerings to …
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Oil futures on track for a second monthly loss as coronavirus feeds demand fears

Oil futures headed lower for a sixth straight session on Friday, poised for a second monthly decline, with the spread of the COVID-19 epidemic around the world expected to significantly dent demand for crude. Analysts said the tumble puts increased pressure …
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