Slow recovery: Oil has extended its recovery from Monday’s plunge below zero, but trading remains volatile with the market under intense pressure from a swelling global glut, Bloomberg reports. Futures in New York rose as much as 17% to top $16 a barrel. Read the full story,
Grades posted: The latest Nation’s Report Card shows eighth-graders’ scores in U.S. history and geography declining since 2014, results Education Secretary Betsy DeVos called “stark and inexcusable.” The assessments, given for the first time digitally on tablets instead of paper, were administered to 42,700 eighth-grade students in 780 public and private schools across the nation. Read the full story.
Backing out: The investment firm that agreed to buy Victoria’s Secret in February wants to back out, the highest-profile example to date of a buyer trying to unpick a deal because of the pandemic, The New York Times reports. The firm, Sycamore Partners, has asked a Delaware court to let it walk away because the seller, L Brands, had furloughed most Victoria’s Secret employees, cut executive salaries and missed April rent payments. Read the full story.
