On Monday, April 20, 2020, New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) crude oil front-month futures prices fell below zero dollars per barrel (b)—at one point, trading at -$40.32/b (Figure 1)—and remained below zero for part of the following trading day. Monday marked the first time the price for the WTI futures contract fell below zero since trading began in 1983. Negative prices in commodity markets are very rare, but when they occur they typically indicate high transactions costs and significant infrastructure constraints. In this case, the WTI front-month futures contract was for May 2020 delivery, and the contract was set to expire on April 21, 2020. Unless they have made other arrangements ahead of time, market participants that hold WTI futures contracts to expiration must take physical delivery of WTI crude oil in Cushing, Oklahoma. Typically, most market participants close any futures contracts ahead of expiration through cash settlement in order to avoid taking physical delivery, and only about 1% of contracts are physically settled. The extreme market events of April 20 and April 21 were driven by several factors, including the inability of contract holders to find other market participants to sell the futures contracts. In addition, in this case, the scarcity of available crude oil storage meant several market participants sold their futures contracts at negative prices, in effect paying a counterparty to close out of the contracts. ...

Some of you may recall the South Korean app Zepeto that went viral among Gen Z users a year and a half ago. The app, which renders selfies into animated avatars and lets people adorn their computer-generated manifestations with virtual items, appears to have sustained its relevance. It has amassed 150 million registered users, the […]

1. Promising coronavirus vaccine candidate from China in talks to be tested globally  Times Now
2. China conducts first successful coronavirus vaccine test on monkeys  Times of India
3. Inactivated PiCoVacc vaccine found safe, efficacious in animal study  The Hindu
4. Chinese drugmaker in talks to test coronavirus vaccine globally: Report  Hindustan Times
5. Covid-19: The race to develop coronavirus vaccines is heating up  Times of India
6. View Full coverage on Google News

1. Blood thinners may boost survival rates of Covid-19 infected patients: Report  Top Live News
2. Coronavirus blood-clot mystery intensifies  Nature.com
3. Blood thinners could improve survival chances for sickest coronavirus patients, study says  USA TODAY
4. Evidence Builds Linking Anticoagulation to COVID-19 Survival  Medscape
5. Doctors may have found a way to reduce the risk of death in severe coronavirus cases  BGR
6. View Full coverage on Google News

1. Week 2 of ‘Vande Bharat’: Here is the list where the second mission will be conducted  Times Now
2. Vande Bharat Mission: By air & sea, India’s evacuation operation picks up pace  Times of India
3. First Air India Flight From London Amid Lockdown Takes Off For Mumbai  The Newsopedia
4. ‘Proud moment to bring our people back home’: Crew of India’s first repatriation flight as part of Vande Bharat  The Indian Express
5. Nerve-wracking time for US-bound Indian students targeting Air India repatriation flights  Times of India
6. View Full coverage on Google News

1. Ivanka Trump's personal assistant tests positive for coronavirus  Times of India
2. 'It's a Hoax': Twitter Mocks Donald Trump after Ivanka's Assistant Tests Positive for Covid-19  News18
3. Pence spokeswoman, married to top Trump adviser, diagnosed with coronavirus  Hindustan Times
4. Ivanka Trump's Personal Assistant Tests Positive For Coronavirus: Report  NDTV
5. Military aide found infected, Trump to undergo test daily  The Tribune India
6. View Full coverage on Google News

1. LG Polymers admits leaking vapor from gas storage tank caused Vizag tragedy  Livemint
2. LG Polymers fined Rs 50cr for Vizag gas leak by NGT, ministry says firms violated green norms  Times of India
3. Vizag gas leak: Venkatapuram village wears deserted look on the second day  Times of India
4. Vizag gas leak: Locals protest for closure of LG Polymers amid Andhra Pradesh DGP's visit  Times of India
5. Cautionary tale  The Indian Express
6. View Full coverage on Google News

Shares of One Medical are worth $19.50 this morning after the venture-backed unicorn priced its IPO at $14 per share last night. The company opened at $18 before rising further, according to Yahoo Finance data. At its current price, One Medical is worth about 40% more than its IPO price, a strong debut for the […]

Founders hunting down capital in the middle of this pandemic may feel like they’re on a fool’s errand, but some investors are still offering financing, even if the terms might not be as good as they once were. One avenue that appears to remain open: corporate venture capital. The corporate route offers its own set […]

Biotech company Moderna said it plans to start phase 2 trials with 600 participants shortly.

Apple and Google have provided a number of updates about the technical details of their joint contact tracing system, which they’re now exclusively referring to as an “exposure notification” technology, since the companies say this is a better way to describe what they’re offering. The system is just one part of a contact tracing system, […]

A number of UK computer security and privacy experts have signed an open letter raising transparency and mission creep concerns about the national approach to develop a coronavirus contacts tracing app. The letter, signed by 177 academics, follows a similar letter earlier this month signed by around 300 academics from across the world, who urged […]

The coronavirus is proving to have an unexpected upside for the adtech industry. The U.K.’s data protection agency has paused an investigation into the industry’s processing of internet users’ personal data, saying targeted suspension of privacy oversight is merited because of disruption to businesses as a result of the COVID-19 pandemic. The investigation into adtech […]

McDonald's on Friday fired its CEO, Steve Easterbrook, for violating its policy of having a relationship with an employee.

Three important steps can save your business for the future.

Doing so quickly is essential to getting your business on track.

Navigating a high-growth company can be difficult for every entrepreneur to manage.

Kingly kedgeree, lobster cutlets and cocktails the Crawleys would have quaffed, in this extract from the new Downton Abbey recipe

The pair looked every inch the happy couple as they attended the world premiere of Downton Abbey in Leicester Square on Monday.

The actress, 37, led the glamour in a stunning patterned sheer maxi dress with a black camisole underneath.

The pair changed out of their red carpet dresses and donned more casual attire as they made their way home after a long evening of celebrations.

The radio DJ, 27, who starred with Caitlyn, 70, on the latest series of I'm A Celebrity, made the confession on his show on Wednesday - something which Ricky, 58, has since denied.

Dancing on Ice stunner Vanessa Bauer is dating Love Island star Jordan Hames, MailOnline can exclusively reveal.

The Love Island star has been trying her luck on E4's Celebs Go Dating. But the 27-year-old may not need to look much further after she was spotted with newly single Strictly Come Dancing pro.

House Rules regularly sees some high stress moments. And Sunday night's episode was no exception, with Shayn and Carly seeing tempers flare with rival team, Katie and Alex.

Channel Seven's House Rules is no stranger to loss and tragedy. 

The McPake family tugged on the nation's heartstrings on Sunday's episode of House Rules when they revealed how their newly-renovated home was devastated by a fire.

Is this the best House Rules renovation ever? The Channel Seven show offers sneak peek inside Graeme and Mary's brand new Campbelltown home after it was gutted by a fire

House Rules aired one of its most emotional episodes ever on Sunday night.

They were neck and neck at the bottom of the leaderboard going into the all-important elimination episode with husband-and-wife pair Andy and Lisa.

With the stakes higher than ever on House Rules, Tuesday night's episode saw Mat push himself to literal breaking point.

A season record was set on Sunday's House Rules during the final garden reveal. 

Pete and Courtney were one of the most loved couples on this season's House Rules. 

Reality TV stars Aaron and Daniella Winter have revealed how they have almost doubled the price of their family home in Queensland's Broadbeach Waters. They also shared their tips for others.

House Rules: High Stakes star Kyly Clarke was nowhere to be seen on Thursday night's episode of the series. 

When Real Madrid visited PSG in the first game of the Champions League group stage, the French side were supposed to be short in attack but Angel di Maria and Mauro Icardi filled the void superbly.

CLAIRE BLOOMFIELD IN PARIS: It was a mixed for Liverpool as Virgil van Dijk was pipped to the Ballon d'Or by six-time winner Lionel Messi, but Alisson was crowned the world's best goalkeeper.

Neymar showed that he had ended his his feud with Edinson Cavani by handing the ball to the Uruguayan after Paris St Germain were awarded a late penalty on Wednesday night.

Kylian Mbappe has dismissed claims that he and Neymar share a secret hatred for each other and are competing against one another to be top dog at Paris Saint-Germain.

The Brazilian superstar has always been sidelined during early March due to either injuries and suspensions, but fans have noticed a pattern in his absences.

Bare-chested and whooping with joy, Paris Saint-Germain stars Neymar and Edinson Cavani were clearly in festive mood.

Barcelona have set their sights on bringing Neymar back to the Nou Camp but are wary of the Brazilian's mammoth £135million price tag, according to reports in Spain.

Nadine Goncalves is dating model Tiago Ramos and posted a loving photo of the couple on Instagram, despite Ramos being six years Neymar's junior.

On Tuesday, Rakitic gave an interview to Mundo Deportivo, during which he revealed he'd rejected a move to PSG last summer as part of a deal to sign Neymar - a situation that left him evidently hurt.

The 32-year-old is viewed as an ideal replacement for the Uruguayan, who has failed to agree a new deal at the Parc des Princes and is set to depart on a free transfer this summer.

Anna Vakili, 29, defiantly took to Instagram to upload another sizzling snap of herself in a tiny bikini from her Dubai getaway after hitting back at fat-shamers.

In the wake of her breakup from longtime boyfriend Austin Butler, Vanessa Hudgens has turned to social media to share smoldering snaps and new newest piece of ink from artist Dragon.

Cody Simpson's mother Angie appears to have given her tick of approval on her son's new love Miley Cyrus.

Miley Cyrus paid tribute to godmother Dolly Parton on her 74th birthday by sharing a video of her Dolly impression with Jimmy Fallon on The Tonight Show back in 2017.