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New collapse in oil prices sends some US futures below $0 a barrel for the first time ever

New collapse in oil prices sends some US futures below $0 a barrel for the first time ever

NEW YORK — Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. Stocks and Treasury yields also dropped on Wall Street, with the S&P 500 down 1.8%, but the market's most dramatic action by far was in oil, where the cost to have a barrel of U.S. crude delivered in May plummeted to negative $37.63. It was at roughly $60 at the start of the year. Traders are still paying $20.43 for a barrel of U.S. oil to be delivered in June, which analysts consider to be closer to the "true" price of oil. Crude...

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April 20, 2020
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EXPLAINER: Why rising rates are unsettling Wall Street

EXPLAINER: Why rising rates are unsettling Wall Street

AP NEWS https://apnews.com/article/why-rising-rates-unsettling-wall-street-explained-4a672f914e9396a9e9bcda44eebf74d6Click to copyhttps://apnews.com/article/why-rising-rates-unsettling-wall-street-explained-4a672f914e9396a9e9bcda44eebf74d6Click to copyRelated topicsNEW YORK (AP) — Interest rates keep marching higher, and Wall Street keeps shaking because of it.The yield on the 10-year Treasury climbed back above 1.50% Thursday, prodded higher by comments by the Federal Reserve’s chair, and it helped send stocks on Wall Street on another slide. The speed at which the yield has climbed has...

March 4, 2021
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Italian hospitals overwhelmed by deaths amid coronavirus outbreak - The Boston Globe

Italian hospitals overwhelmed by deaths amid coronavirus outbreak - The Boston Globe

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March 12, 2020
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