FILE PHOTO: The sun is seen behind a crude oil

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FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo

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WASHINGTON (Reuters) – U.S. President Donald Trump intends to nominate the current acting director of the White House Office of Management and Budget, Russell Vought, to take the post on a permanent basis, the White House said on Wednesday. Vought, who has served as acting director since January 2019, must be confirmed by the Senate. […]
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Australian media company does deal with Google, Facebook; Govt closes in on ‘significant’ media pay day

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Seven West Media has become the largest Australian news media business to strike a deal with Google to pay for journalism in a partnership announced on Monday before the nation’s Parliament considers draft laws to force digital giants to pay for news. Google and the publicly listed broadcast television, print and online publishing company jointly […]
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As markets sink, some traders bet Fed rate goes negative in 2020

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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Signals from the interest rate options market suggest investors increasingly believe U.S. rates will turn negative this year, as the economic fallout from the coronavirus threatens to push the Federal Reserve into territory it is keen to avoid. Rate options are implying a 26% probability that the key […]