Crude steadied in Asia, holding under $25 a barrel as traders weighed whether output cuts being discussed by the world’s top producers would be enough to offset an unprecedented demand loss from the coronavirus outbreak.
Airbnb Inc. is in talks with investors to take on as much as $1 billion in additional debt after announcing a $1 billion debt and equity deal Monday, according to people familiar with the matter.
Investors trying to parse the economic hit from Covid-19 have little reliable data to work with.
As India went into the world’s biggest lockdown to combat the deadly coronavirus, trains, planes, automobiles and factories came to a halt. And the skies in some of the most polluted cities on the planet turned blue.
Warren Buffett’s Geico plans to offer insurance-policy credits to its auto customers as driving declines because of the widespread coronavirus-related shutdowns.
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