Bankers Scold S.B.A. as Loan System Crashes in Flood of Applications

Bankers Scold S.B.A. as Loan System Crashes in Flood of Applications

Minutes after a $310 billion aid program for small companies opened for business on Monday, the online portal for submitting applications crashed. And it kept crashing all day, much to the frustration of bankers around the country who were trying — and failing — to apply on behalf of desperate clients. Some bankers were so […]

Oil crashes below $20 as demand destruction intensifies

Oil crashes below $20 as demand destruction intensifies

Brent crude, the world’s benchmark, tumbled as much as 11% and fell to $22.19 a barrel, its lowest point since March 2002. Global oil consumption will likely crater by 12 million barrels per day this quarter, or 12%, the steepest decline ever recorded, according...
Oil price crashes 30% as markets open

Oil price crashes 30% as markets open

Oil prices crashed as much as 30 per cent within seconds of the market opening on Sunday evening after Saudi Arabia launched an aggressive price war over the weekend, driving crude to its lowest level in four years.The sell-off followed the collapse of Saudi Arabia’s...