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U.S. oil industry pumps near record volumes even as demand and prices collapse

The U.S. continues to pump near record amounts of oil, but U.S gasoline demand continues to drop as the whole world sees less...

Calvin Klein-parent PVH CEO has ‘a great deal of confidence’ in Macy’s

One day after the Macy's ticker was booted from the S&P 500, the head of a major apparel supplier signaled he has faith...

Coronavirus effect could be ‘far deeper than the subprime crisis,’ says mortgage co CEO

For most mortgage borrowers, the first of the month is payment day. This month, however, is a very different story. Millions of borrowers...

Brace for coronavirus fallout to take stocks to new lows: Meghan Shue

Wilmington Trust's Meghan Shue warns two grim quarters are ahead — not just one.The firm's head of investment strategy believes market losses will...

Oil ends lower after U.S. crude stockpiles jump, gasoline demand sinks

NEW YORK (Reuters) - Oil prices fell on Wednesday after U.S. crude inventories rose last week by the most since 2016, while gasoline...