Bloomberg The rebound in oil after a historic crash drove a surge in ETFs that track energy producers amid skeptical calls from analysts. State Street’s $2 billion SPDR S&P Oil & Gas Exploration & Production ETF, or XOP, has jumped about 40% so far in April — on track for its best month on record. Meanwhile, the $8.8 billion Energy ...

Bloomberg German business confidence extended its slump in April with much of the global economy in lockdown and companies anticipating a prolonged period of subdued demand. The Ifo Institute’s index dropped to a record-low 74.3, well below economists’ median estimate. Reduced spending power from millions of furloughed workers and the persistence of the coronavirus pandemic in some of Germany’s largest ...

Bloomberg President Donald Trump signed a $484 billion spending package that includes more money for small businesses, the latest bid by Washington lawmakers to rescue an economy devastated by the coronavirus pandemic. “Great for small businesses, great for workers,” Trump said in the Oval Office. “This is a tremendous victory.” The new law would revive a small-business loan program that ...