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Oil and gas companies set to lose $1 trillion in revenues this year

The energy sector is shrinking so dramatically that it's become the second-smallest group in the whole S&P index.




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The US wind industry installed over 1,800 megawatts in first quarter, but the coronavirus remains a risk

The renewable energy sector is being affected by the coronavirus in a number of ways.




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ConocoPhillips CEO says 'we're on the lookout' for acquisitions as oil prices stay under $20

ConocoPhillip's Ryan Lance said on "Power Lunch" that his company is looking at potential acquisitions as the energy sector struggles with low oil prices.




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Feeding strawberries to cows: Farmers forced to throw fruit and flowers as coronavirus disrupts supplies

Farmers around the world are letting their crops rot in the fields as the coronavirus outbreak disrupts supply and demand for flowers, fruit and milk.




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A massive renewable energy scheme in Australia has been recommended for environmental approval

Several big firms, including Danish wind turbine manufacturer Vestas, are involved in the project.




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Oil prices rise on demand prospects as lockdowns start to ease

Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on expectations that fuel demand will begin to pick up as some U.S. states and nations in Europe and Asia start to ease coronavirus lockdown measures.




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Bioplastics developer raises $133 million in new funding in quest to replace single-use plastics

RWDC Industries, which makes a sustainable material solution that can be used as a substitute for plastic, raised $133 million in Series B funding.




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Oil drops 2%, snapping five-day winning streak in volatile trading session

Oil prices moved lower on Wednesday, snapping the longest daily winning streak since July.




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Coronavirus continues to impact the wind energy sector as Germany's Nordex withdraws guidance

Company says Covid-19 pandemic will affect results from second quarter of 2020.




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Social-distancing measures look set to transform London's roads and sidewalks

More specific measures relating to the program will be published in next few weeks.




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Oil jumps on China export bounce but long-term outlook remains weak

Oil prices jumped on Thursday on news that China's exports unexpectedly rose last month, and on the back of U.S. output cuts and the slow return of some activity in Europe.




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Markets are getting too excited about the oil price rally too soon, analysts warn

Lack of storage space for crude globally remains a massive problem, and will keep a ceiling on oil prices for the near future.




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Oil jumps 5%, posts second straight week of gains

Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up.




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NHL Commissioner Gary Bettman: No COVID-19 in NHL reported yet

The commissioner says he would like to call this time a "pause" for the league instead of a suspension.




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The Masters and other major golf tournaments are postponed due to coronavirus

The 2020 Masters event has been postponed due to fears of coronavirus outbreak, Augusta National Golf Club chairman Fred Ridley announced on Friday.




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Boston Marathon delayed until September due to coronavirus

The Boston Marathon has been postponed until September because of the coronavirus, according to an official statement from the Boston Athletic Association.




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NFL prohibits in-person interviews with players before draft due to coronavirus

Teams will be allowed to interview eligible draft candidates over the phone for no more than an hour.




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Sports teams can hang onto sky-high valuations by taking care of employees now during coronavirus outbreak

As coronavirus suspends sporting events, experts say team owners will need to show leadership and financially assist workforces to preserve valuations.




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NFL players union approves new agreement that includes pay increases and extra regular season game

The National Football League Players Association has approved terms of a new 10-year collective bargaining agreement with NFL team owners.




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NFL cancels 2020 draft event in Las Vegas due to coronavirus

The NFL draft will still be televised, even though the public, in-person event in Las Vegas has been canceled.




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NBA and NHL say players can still travel after seasons suspended due to coronavirus

The NHL joined the NBA in allowing its players to travel outside of club cities as the coronavirus continues to halt the sports injdusty.




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Coronavirus could be the tipping point for movie theaters, gyms and other industries already suffering from disruption

Movie theaters, fitness centers, commercial real estate and pay TV could be among the industries that are vulnerable in prolonged quarantines.




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NFL free agent deals at risk as team doctors can't evaluate players due to coronavirus

With in-person visits with free agents restricted due to the coronavirus outbreak, some NFL agents are wondering how a new deal will become official without team examinations.




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MLB to offer compensation to minor league players affected by coronavirus work stoppage

Major League Baseball said it will offer financial assistance to minor league players affected by the work stoppage due to the coronavirus pandemic.




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Doctors and patients wonder if the NBA is getting special treatment with coronavirus tests

Sick patients are being turned away, unable to receive tests because they simply aren't available. In a stark contrast, the NBA said that as of Wednesday, at least eight teams had been tested for the COVID-19 coronavirus.




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How coronavirus could permanently change the movie industry

The distinction between a theatrical and a digital release is disappearing as theaters shut down. This could fundamentally changes studios' leverage in negotiations with theater chains, permanently alter consumer behavior and raise the bar significantly for going out to the movies.




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Pressure is rising to postpone the Olympics

Billions of dollars are at stake. Japan has pumped at least $12 billion of investment into the 2020 Tokyo Olympic games, not to mention the losses that would be incurred by sponsors, broadcasters and others.




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Ad giant WPP pulls dividend, CEO 'very cautious' about the impact of virus on marketing budgets

The world's largest advertising group pulled its dividend and share buyback and withdrew guidance for 2020 on Tuesday, after clients cancelled marketing booked with the company due to the coronavirus crisis.




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Media networks have paid billions for sports they won't receive this year — but the fighting for refunds hasn't started yet

Media networks have paid billions for live sports that they aren't going to broadcast this year. But nobody's pressing the issue yet, as the cable industry is focused on survival.




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AT&T president says consumer behavior will be fundamentally changed from coronavirus

"We're going to return to a different economic environment. We're going to return to different business models," AT&T President and COO John Stankey told CNBC.




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With Hollywood on hiatus, studios are bracing for fights with insurers over coronavirus losses

Allianz, which is one of the main insurers for entertainment companies, estimates that Hollywood studios paid $400 million in premiums last year to cover "unforeseeable events." Now the bill is coming due.




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LinkedIn offers to connect job-seekers with essential businesses for free

In the wake of COVID-19 shutting down broad swaths of the economy, LinkedIn is ditching the core engine of its business model to help people connect with jobs at no cost.




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UK TV watchdog 'assessing' popular daytime show over comments on 5G-coronavirus conspiracy theories

Ofcom is looking into a popular morning show after its presenter made comments about baseless conspiracy theories linking Covid-19 to 5G.




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Online education company Coursera offers unemployed workers thousands of free courses

Unemployed workers are gaining free access to 3,800 courses created by elite universities and companies such as Amazon to learn skills and gain professional certificates for new job opportunities.




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Hollywood's small businesses in crisis as coronavirus shuts everything down

Of the 5,900 businesses in Hollywood, 99.5% have less than 500 employees, and over 90% have fewer than 10 employees. Many are being forced to layoff or furlough employees as the coronavirus pandemic drags on.




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Pop radio in decline, streaming on the rise: How the coronavirus is changing what we listen to

Instead of car radio, people calling on digital assistants like Amazon's Alexa and Apple's Siri to fire up some music while they cook.




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Designers are now making fashion face masks and people can even buy a Billie Eilish one

A raft of fashion labels are now making non-medical masks to sell to consumers, including band t-shirt maker Bravado, which has made Rolling Stones, Queen and Ariana Grande versions.




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Men's shirt retailer Untuckit taps real estate restructuring firm to renegotiate deals during coronavirus

The move by Untuckit comes as a number of retailers are looking to renegotiate deals with their landlords, or shut stores entirely, as the Covid-19 pandemic has forced doors temporarily shut to try to curb the spread of the virus.




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Kroger CEO: Customers will have meat during the coronavirus pandemic, so long as they are 'flexible'

The supermarket chain executive said Kroger is working with new meat suppliers and diverting meat that would have gone to restaurants to try to stay in stock.




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Luxury retailer Neiman Marcus files for bankruptcy as it struggles with debt and coronavirus fallout

The luxury department store chain had been struggling with competition from online rivals and dwindling cash before the pandemic.




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Kohl's CEO: Our real estate is an asset emerging from the coronavirus pandemic

Kohl's announced Thursday morning that it plans to have 25% of its stores reopened by next week.




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Target in talks to boost its same-day delivery ambitions by buying pieces of startup Deliv

The aspect of the technology that interests Target is its ability to pool multiple orders and route them to a similar place, NBC News reports.




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Trade groups representing PepsiCo, Procter & Gamble and others want guidance on factories from Pence

Trade groups representing the country's biggest consumer companies, including PepsiCo, Procter & Gamble and Clorox, wrote a letter to Vice President Mike Pence on Thursday urging federal guidance on how to safely manage their factory workers as states begin to reopen for business.




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Stocks making the biggest moves midday: Lyft, Peloton, PayPal, Grubhub, T-Mobile & more

Check out the companies making headlines in midday trading.




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The meat supply chain is broken. Here's why shortages are likely to last during the coronavirus pandemic

Challenges with the country's meat supply chain will likely linger as long as the coronavirus pandemic does causing periodic shortages.




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Amazon and Microsoft trade barbs over JEDI contract appeal

The JEDI, or Joint Enterprise Defense Infrastructure, deal worth up to $10 billion has become one of the most tangled contracts for the Department of Defense.




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Chief Justice John Roberts pauses order requiring Trump administration to turn over Mueller docs to Congress

The order would have required the Trump administration to turn over to Congress secretive materials produced in connection with Robert Mueller's Russian probe.




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This chart shows how coronavirus jobs losses dwarf those in prior recessions

Jobs losses related to the coronavirus dwarf employment declines seen during prior U.S. recessions.




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She fled coronavirus-stricken Brooklyn to live in Oklahoma: 'You're just in this survival mode'

Lindsey Marvel, 38, moved to New York because, she said, "I'm literally going big or going home." Now she's going home to Tulsa, Oklahoma. The effect that Covid-19 has had not just on her personal life, but on the city she loves, was simply too much.




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Coronavirus: Wealthy New Yorkers flee Manhattan for suburbs and beyond

Brokers say buyers and renters coming from the city are asking for the same thing: more space and more distance from neighbors and crowds.