Economy

Saudi Arabia, Russia Raise Stakes in Oil Price War

DUBAI/MOSCOW (Reuters) - Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks.

Dow Has Biggest Daily Jump Since 2009

The Dow Jones Industrial Average surged over 5% on Monday while the S&P 500 and Nasdaq each jumped more than 4% in a major rebound following last week’s steep sell-off sparked by fears about the coronavirus.

Meet the Radical Economists Behind Warren, Sanders

Top 2020 Dems' wealth tax plans based on controversial research

Two controversial economists have played a major role in the 2020 Democratic primary with Senators Bernie Sanders (I., Vt.) and Elizabeth Warren (D., Mass.) each trumpeting major tax hikes and financial reforms to curb inequality.