‘Forbes’ feature: Raising Cane’s founder Todd Graves was featured in Forbes for his decision to forgo his salary to keep workers employed during the coronavirus crisis. Graves says his goal is to make sure no employees are laid off, even as sales are down 25%. Read the full Forbes feature here.
Bid to stabilize prices: Oil-producing countries including those of the OPEC cartel and Russia are trying today to strike a global deal to pump less crude in a bid to limit a crash in prices that, while welcome for consumers, has been straining government budgets and pushing energy companies toward bankruptcy. Russia’s Energy Ministry said Wednesday it is prepared to cut production by 1.6 million barrels a day, about 14% of its overall production, under an OPEC+ deal. Read the full story.
Beware: Phone and text scams are on the rise, The Wall Street Journal reports. The Federal Trade Commission has already received more than 14,000 coronavirus-related complaints, reporting $10 million in total losses, since Jan. 1. On March 20, the Federal Bureau of Investigation issued a warning about a rise in fraud schemes and urged “vigilance” during the pandemic, advising people not to click links from sources they don’t know. Read the full story.
