Category: Business News

Oil Climbs as U.S. Storage Fears Ease

Oil Climbs as U.S. Storage Fears Ease

Oil prices climbed Wednesday after data suggested the U.S. may not run out of space to store its glut of crude as quickly as previously feared. Against a bleak backdrop for the oil market, American Petroleum Institute data released late Tuesday showed U.S. crude inventories for the week ended April 24 rose by 10 million…

Senator Pushes DOJ to Open Criminal Investigation Into Amazon

Senator Pushes DOJ to Open Criminal Investigation Into Amazon

A senator is pushing the Justice Department to open a criminal antitrust investigation into Amazon.com Inc. after a Wall Street Journal report detailed the company’s use of third-party seller data to develop its products. In a letter addressed to Attorney General William Barr, Sen. Josh Hawley (R., Mo.) urged the Justice Department to probe Amazon’s…

Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America

Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America

What a time to be a restructuring specialist. Practically overnight, bankers and lawyers who advise companies in distress have become some of the most in-demand workers on Wall Street, ending a long period in which rising markets and abundant capital consigned them to obscurity. Stay-at-home orders and the shutdown of nonessential business…

SING “YESTERDAY” FOR ME – Episode 4 – As the River Flows, Shinako Returns Home

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