Fed’s Barkin: Post-crisis may see fewer baristas, more home health workers
WASHINGTON (Reuters) – The U.S. may face a productivity challenge after the current crisis passes as service businesses continue to space out customers for health reasons, and could force workers to shift jobs to meet changes in demand, Richmond Federal Reserve bank President Thomas Barkin said on Thursday. Barkin noted that airlines could leave middle […]
Oil little changed, U.S. ties 18-year low after OPEC cuts demand forecast
By Scott DiSavino NEW YORK (Reuters) – Oil prices ended little changed on Thursday after OPEC’s lowering of its global demand forecast for 2020 was offset by some European countries saying they would relax coronavirus restrictions, pointing to a potential rebound in consumption. Brent futures <LCOc1> gained 13 cents, or 0.5%, to settle at $27.82 […]
The best year financial markets have ever had?
By Marc Jones LONDON (Reuters) – For all the angst about trade wars, geopolitics and a sputtering and overly indebted global economy, 2019 might just be the best year investors have ever had. The numbers are staggering. Global stocks have piled on more than $10 trillion, bonds have been on fire, oil has surged almost […]