Hopes raised: Energy producers are throttling back their output, drivers are returning to the road and U.S. oil prices are roughly twice what they were a week ago, raising hopes—but not confidence—that the mounting fuel glut won’t overwhelm the world’s capacity to store oil, The Wall Street Journal reports. West Texas Intermediate for June delivery fell 2.3% to close at $23.99 a barrel Wednesday, its first decline after five days of gains. Read the full story.
Sharp drop: U.S. productivity fell a sharp 2.5% in the first three months of this year, the biggest decline since 2015, with labor costs jumping 4.8%, the Labor Department reported this morning. The decline in productivity, the amount of output per hour of work, was the sharpest drop since a 2.9% decline in the final quarter of 2015. Productivity had risen 1.2% in the fourth quarter of last year. Read the full report.
Making history: An LSU graduate is making history with one of the most storied franchises in all of sports, the New York Yankees, WWL-Radio reports. Rachel Balkovec, who earned her master’s degree from LSU in sports administration in 2012 is in her first season as a full-time hitting coach. She is the first female full-time MLB coach. Read the full story.
