With energy prices depressed at the start of the year, Exxon Mobil and Chevron had arranged hedges to offset volatility, a standard practice in the industry. Source: pbs.org

The so-called K-shaped economy is becoming more clearly defined, new reports show. Source: cnbc.com

European Central Bank Governing Council member Gabriel Makhlouf ​said he is concerned that ‌energy prices may stay higher for longer without a clear timeline ​for the end of ​Middle East conflict and will be ⁠watching closely for knock ​on effects. Source: reuters.com

A new Kinder Houston Area Survey finds rising economic pessimism, financial strain across households Source: axios.com

Walkouts, marches and other gatherings planned for ‘May Day Strong’ demonstrations across the country Source: theguardian.com

The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates. Source: nytimes.com