Oil Throws Dow a Lifeline as Desperate Saudis Plan Even Bigger Output Cuts

The U.S. stock market clung to gains Wednesday, as rebounding oil prices propelled the energy sector-heavy Dow higher following Saudi Arabia’s latest pledge to scale back production. DOW SLAMS ON THE BRAKES By the middle of the day, the Dow Jones Industrial Average had given up most of its 200-point gain. The blue-chip index is currently up 74.42 points, or 0.29%, at 25,500.18. It opened with a triple-digit gain following a strong pre-market showing for Dow futures. Financials bellwether Goldman Sachs Group Inc. (GS) was the Dow’s best performer on Wednesday. It was followed closely by Visa Inc. (V) and

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Newsflash: The Trump Curse? Vice Media Cuts 10% of Staff after HuffingtonPost & BuzzFeed Layoffs

The Brooklyn, New York-based news and documentary media giant, Vice Media LLC, is cutting 250 employees out of the company and closing down its flagship weekly HBO program, sources tell the Wall Street Journal. Vice is the latest major news media outlet in recent weeks to lay off hundreds of workers as part of massive downsizing to keep the companies afloat. A leaner organization is part of the company’s realignment of its entire global strategy. The 250 Vice employees comprise about 10% of the company’s workforce. HuffPo and BuzzFeed Layoffs “Difficult Changes” was the subject line of the email sent

Newsflash: The Trump Curse? Vice Media Cuts 10% of Staff after HuffingtonPost & BuzzFeed Layoffs by CCN

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More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas

Bitmain’s problems continue, as the world’s largest bitcoin mining firm has announced a fresh round of layoffs. Bitmain is rumored to have lost over $ 700 million in Q4 2018, and late last month reports broke out that the Chinese mining giant is set to fire 50% of its workforce. Later, the company shut down its

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Crypto Regulator CFTC Chairman Takes Funding Cuts “Incredibly Personally” (news.bitcoin.com)

The United States’ Commodity Futures Trading Commission (CFTC) has received a $ 1 million USD budget cut. The announcement has come following the CFTC Chairman, Christopher Giancarlo requested an increase in the regulator’s budget of 12 percent.
Also Read: 80,000 New Merchants in Europe Gain Option to Accept Crypto

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