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[RTRS] 20 APR - HERTZ RENTAL TO LAYOFF 10K EMPLOYEES
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[RTRS] 20 APR - HERTZ RENTAL TO LAYOFF 10K EMPLOYEES
Damn quick google says they 38k employees - 25% cut is pretty big
But prob not expecting to rent a ton of cars in the near future, in line with flights / travel down
Gotta ask ourselves what wont change. We'll still need oil when this is done, so those reserves will definitely be used up.
This is moving Markets now
IMO that’s a silly *** reason for the markets to be down
Can someone explain to me how a barrel of oil is worth negative?....
No, that's not how it works. When the price of crude oil goes negative, it means that The cost of production and housing of oil costs more than the value of the oil. Production and material costs are factored into the per barrel price of crude oil. Currently, the literal barrels of oil are stored in are worth more than the oil inside. Crazy stuff