Crude dips: Oil prices fell today as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited price losses, Reuters reports. Brent crude futures fell $1.04, or 3.4%, to $29.93 a barrel by 1 p.m. U.S. West Texas Intermediate crude fell 30 cents, or 1.2%, to $24.44 a barrel. Global oil demand has slumped by about 30%. Read the full story.
Burgers and milkshakes: Fast-food chain Checkers today announced it will open its second Baton Rouge location, at 4673 Florida Street near the AutoZone and Dollar General, tomorrow, WAFB-TV reports.
Business caution: With Americans growing more cautious about their spending habits in the wake of layoffs and pay cuts due to the coronavirus pandemic, experts caution that small businesses should brace for a rise in “friendly fraud,” which is when authorized cardholders dispute seemingly legitimate charges to their credit cards, USA Today reports. Read the full story.
