Bloomberg Canadian and Alaskan crude that normally travels to the US West Coast is finding a market in China, where demand is almost back to pre-pandemic levels. The Sofia became the second oil tanker in less than a month to ship Alaskan oil to Qingdao, China, when it left Valdez over the weekend, data compiled by Bloomberg show. At about ...

The economy isn’t going to bounce back quickly on its own from the coronavirus pandemic. State reopenings, premature or not, will restore a modicum of economic activity, but it won’t be enough to put many local businesses in the black. If the virus comes roaring back in states that reopen, it will cause a wave of fear that will depress ...

Walmart Inc, one of the few big winners during the coronavirus crisis, just had a blowout quarter. The knock-on positive effects may last beyond the pandemic. Bulk buying of toilet paper, bleach and hand sanitiser helped the world’s biggest retailer increase US same-store sales (excluding fuel) by a better-than-expected 10% in the three months ended on May 1. That marked ...