Markets
Oil Prices Slump as Global Death Toll From Coronavirus Surges Past 33,000
- March 30, 2020
Gulf Agency Company Ltd, a Dubai-based maritime logistics company, says buyers in India have also cut back on Saudi crude as that country has gone into lockdown to try to slow the spread of COVID-19. Prices declined further after Riyadh and Moscow announced the following week that they will increase their crude productions starting from April, which triggered a price war for larger market share. (more...)
- March 30, 2020
Gulf Agency Company Ltd, a Dubai-based maritime logistics company, says buyers in India have also cut back on Saudi crude as that country has gone into lockdown to try to slow the spread of COVID-19. Prices declined further after Riyadh and Moscow announced the following week that they will increase their crude productions starting from April, which triggered a price war for larger market share. (more...)
Detroit Auto Show cancelled
- March 30, 2020
As of Sunday morning, NAIAS's official website made no mention of the cancellation and the countdown clock to the June 7 opening was still running. This year's NAIAS was going to be Detroit's first auto show hosted in the summer following years of the worldwide event taking place in January. (more...)
- March 30, 2020
As of Sunday morning, NAIAS's official website made no mention of the cancellation and the countdown clock to the June 7 opening was still running. This year's NAIAS was going to be Detroit's first auto show hosted in the summer following years of the worldwide event taking place in January. (more...)
Soon, Slack might let you call Microsoft Teams' users
- March 30, 2020
Amid the rise of Teams, Slack has enjoyed consistent growth and criticized Microsoft for not playing fair in the market and lamented the fact Teams is bundled into Office 365. An influx of remote workers has caused issues for many tech companies across the world as they deal with unprecedented demand. Commenting on Slack's disclosure, Stephens analyst Ryan MacWilliams said in a note: "As such, we continue to like the FY21 set-up here, absent a significant reduction in enterprise ... (more...)
- March 30, 2020
Amid the rise of Teams, Slack has enjoyed consistent growth and criticized Microsoft for not playing fair in the market and lamented the fact Teams is bundled into Office 365. An influx of remote workers has caused issues for many tech companies across the world as they deal with unprecedented demand. Commenting on Slack's disclosure, Stephens analyst Ryan MacWilliams said in a note: "As such, we continue to like the FY21 set-up here, absent a significant reduction in enterprise ... (more...)
Oil Plummets to 17-Year Low as Broken Market Drowns in Crude
- March 30, 2020
Earlier, US-based financial analytics firm S&P Global reported that Saudi Aramco had topped up crude storage facilities near major refineries in Rotterdam in the Netherlands and Sidi Kerir in Egypt. It should be noted that, at the same time, India, which is the world's third-largest importer and consumer of oil, is exploring ways to leverage the drop of oil price and boost its ambitious Indian Strategic Petroleum Reserves programme (ISPRL). (more...)
- March 30, 2020
Earlier, US-based financial analytics firm S&P Global reported that Saudi Aramco had topped up crude storage facilities near major refineries in Rotterdam in the Netherlands and Sidi Kerir in Egypt. It should be noted that, at the same time, India, which is the world's third-largest importer and consumer of oil, is exploring ways to leverage the drop of oil price and boost its ambitious Indian Strategic Petroleum Reserves programme (ISPRL). (more...)
Australia limits public gatherings to 2 people over pandemic
- March 30, 2020
Morrison stressed that the new advice does not mean older Australians - as well as those with chronic health conditions, indigenous members of the community over 50, and those over 60 - can not go outside, but simply aims to limit their contact with other people as much as possible. (more...)
- March 30, 2020
Morrison stressed that the new advice does not mean older Australians - as well as those with chronic health conditions, indigenous members of the community over 50, and those over 60 - can not go outside, but simply aims to limit their contact with other people as much as possible. (more...)
Instacart Workers Are Going on a Massive Strike Next Week
- March 30, 2020
The strike is called by buyers of Instacart and a newly formed nonprofit collective called Gig Workers Collective. The workers allege Instacart is leaving employees vulnerable to contracting or spreading COVID-19 while profiting greatly off of the increase in people who are using the service because they are either quarantined or self-isolating. (more...)
- March 30, 2020
The strike is called by buyers of Instacart and a newly formed nonprofit collective called Gig Workers Collective. The workers allege Instacart is leaving employees vulnerable to contracting or spreading COVID-19 while profiting greatly off of the increase in people who are using the service because they are either quarantined or self-isolating. (more...)
New Australian Lockdown Rules to Stop Covid-19
- March 30, 2020
But Mr Morrison said the measures were not yet legally binding. The measure, described as "radical" by chief medical officer Brendan Murphy, is the most restrictive to be introduced by the Federal Government to fight the spread of COVID-19. (more...)
- March 30, 2020
But Mr Morrison said the measures were not yet legally binding. The measure, described as "radical" by chief medical officer Brendan Murphy, is the most restrictive to be introduced by the Federal Government to fight the spread of COVID-19. (more...)
German state finance minister 'kills himself'
- March 30, 2020
State Premier, Volker Bouffier, made the announcement on Sunday. The 54-year-old Schaefer was expected to succeed Bouffier if he decided not to seek re-election in 2023. Thomas Schaefer was Hesse's finance chief for 10 years and he was working tirelessly to help companies and workers deal with the economic impact of the pandemic. (more...)
- March 30, 2020
State Premier, Volker Bouffier, made the announcement on Sunday. The 54-year-old Schaefer was expected to succeed Bouffier if he decided not to seek re-election in 2023. Thomas Schaefer was Hesse's finance chief for 10 years and he was working tirelessly to help companies and workers deal with the economic impact of the pandemic. (more...)
FDA Approves New Machine That Can Detect Coronavirus In 15 Minutes
- March 30, 2020
It is the second test to be approved by the FDA that can be used directly in physicians' offices and other community healthcare settings and promptly provide results to patients. The arrival of the Abbott ID NOW COVID-19 test comes a week after the company launched its Abbott m2000RealTime SARS-CoV-2 EUA test, which runs from hospitals and reference labs around the world. (more...)
- March 30, 2020
It is the second test to be approved by the FDA that can be used directly in physicians' offices and other community healthcare settings and promptly provide results to patients. The arrival of the Abbott ID NOW COVID-19 test comes a week after the company launched its Abbott m2000RealTime SARS-CoV-2 EUA test, which runs from hospitals and reference labs around the world. (more...)
Stimulus Bill: What Does It Mean For You?
- March 29, 2020
Americans from coast to coast should start receiving their coronavirus relief checks in about three weeks, according to Treasury Secretary Steve Mnuchin. The Treasury Department will also run a " public awareness campaign " with information about the program, including for people who didn't file a tax return for 2018 or 2019. (more...)
- March 29, 2020
Americans from coast to coast should start receiving their coronavirus relief checks in about three weeks, according to Treasury Secretary Steve Mnuchin. The Treasury Department will also run a " public awareness campaign " with information about the program, including for people who didn't file a tax return for 2018 or 2019. (more...)
Wall St. to snap record three-day surge as virus threat intensifies
- March 29, 2020
The Dow rose 12.8% week to date, its biggest one-week gain since 1938. The S&P 500 logged a gain of 24% over a period of 30 trading days starting on November 20, 2008, even as the bear market continued during the height of the financial crisis, and the index did not bottom till March 9, 2009, marking the start of the bull market. (more...)
- March 29, 2020
The Dow rose 12.8% week to date, its biggest one-week gain since 1938. The S&P 500 logged a gain of 24% over a period of 30 trading days starting on November 20, 2008, even as the bear market continued during the height of the financial crisis, and the index did not bottom till March 9, 2009, marking the start of the bull market. (more...)
Federal Government launches Coronavirus Australia app and WhatsApp feature
- March 29, 2020
In addition to the new features, the Federal Government detailed its $1.1 billion healthcare package. "There is an even more effective way beyond the changes in social services that we can address that and I will be announcing that in the not-too-distant future", he said. (more...)
- March 29, 2020
In addition to the new features, the Federal Government detailed its $1.1 billion healthcare package. "There is an even more effective way beyond the changes in social services that we can address that and I will be announcing that in the not-too-distant future", he said. (more...)
Texas Roadhouse CEO to Forgo Salary to Help Front-Line Workers
- March 29, 2020
In a report by MarketWatch on Wednesday, W. Kent Taylor agreed to forgo his base salary and bonus between March 18 and January 7 of next year. His donation of his wage and bonus to lend a hand staff is the embodiment of that announcing . (more...)
- March 29, 2020
In a report by MarketWatch on Wednesday, W. Kent Taylor agreed to forgo his base salary and bonus between March 18 and January 7 of next year. His donation of his wage and bonus to lend a hand staff is the embodiment of that announcing . (more...)
Government Tells Banks To Ready Emergency Credit Lines For Small Businesses
- March 29, 2020
The loan tenor will be 36 months with an initial moratorium of up to six months and would carry a fixed interest rate of one-year MCLR. The Bank has also introduced automatic waivers until June 30, 2020, on the excess fees and late fees on loan repayments. (more...)
- March 29, 2020
The loan tenor will be 36 months with an initial moratorium of up to six months and would carry a fixed interest rate of one-year MCLR. The Bank has also introduced automatic waivers until June 30, 2020, on the excess fees and late fees on loan repayments. (more...)
Feds to cover up to 75% of small business salaries: Trudeau
- March 29, 2020
Perrin Beatty, chief executive of the Canadian Chamber of Commerce and a former federal cabinet minister, said the aid program announced Friday "provides hope for hundreds of thousands of businesses and millions of their employees who had been facing a bleak future". (more...)
- March 29, 2020
Perrin Beatty, chief executive of the Canadian Chamber of Commerce and a former federal cabinet minister, said the aid program announced Friday "provides hope for hundreds of thousands of businesses and millions of their employees who had been facing a bleak future". (more...)
Dow wraps up strongest three days since 1931
- March 29, 2020
US stocks were higher after the close on Thursday, as gains in the, and sectors led shares higher. In Europe markets finished mixed as Britain's FTSE-100 rose 1.94%, France's CAC-40 gained 2.28% and Germany's DAX fell 0.63%. However, some traders worry about the sustainability of this surge. Gregory Faranello, head of USA rates trading at AmeriVet Securities, said he's taking the surge in equities with a grain of salt. (more...)
- March 29, 2020
US stocks were higher after the close on Thursday, as gains in the, and sectors led shares higher. In Europe markets finished mixed as Britain's FTSE-100 rose 1.94%, France's CAC-40 gained 2.28% and Germany's DAX fell 0.63%. However, some traders worry about the sustainability of this surge. Gregory Faranello, head of USA rates trading at AmeriVet Securities, said he's taking the surge in equities with a grain of salt. (more...)
Tesla to reopen Giga New York in South Buffalo to produce ventilators
- March 28, 2020
News of Gigafactory 2's looming transition from solar panel facility to ventilator factory emerge less than a week after Tesla announced it would close the facility temporarily. We will do anything in our power to help the citizens of NY, ' the billionaire said in a Tweet on Wednesday . The company had suspended production at its factories in NY and California. (more...)
- March 28, 2020
News of Gigafactory 2's looming transition from solar panel facility to ventilator factory emerge less than a week after Tesla announced it would close the facility temporarily. We will do anything in our power to help the citizens of NY, ' the billionaire said in a Tweet on Wednesday . The company had suspended production at its factories in NY and California. (more...)
IATA lauds EC guidelines on facilitating air cargo ops
- March 28, 2020
Government intervention remains the only way to ensure airlines are able to survive for the long-term, and countries are already pledging their support to their respective aviation industries in order to protect employees, airlines, and the wider aviation business. (more...)
- March 28, 2020
Government intervention remains the only way to ensure airlines are able to survive for the long-term, and countries are already pledging their support to their respective aviation industries in order to protect employees, airlines, and the wider aviation business. (more...)
President Trump signs into law $2 trillion coronavirus bailout
- March 28, 2020
House Minority Leader Kevin McCarthy , California Republican, called the package "our modern-day all-American Marshall plan". "We got hit by the invisible enemy and we got hit hard", he said, adding the economy would come roaring back. (more...)
- March 28, 2020
House Minority Leader Kevin McCarthy , California Republican, called the package "our modern-day all-American Marshall plan". "We got hit by the invisible enemy and we got hit hard", he said, adding the economy would come roaring back. (more...)
McDonald's employee charged with faking COVID-19 to get off work
- March 28, 2020
The McDonald's restaurant at which she works was closed, and all employees were sent home to self-isolate, as a effect of the woman's claim. The restaurant was promptly shut down and all employees were sent home and ordered to self-isolate. (more...)
- March 28, 2020
The McDonald's restaurant at which she works was closed, and all employees were sent home to self-isolate, as a effect of the woman's claim. The restaurant was promptly shut down and all employees were sent home and ordered to self-isolate. (more...)
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