Markets
Donna Brazile: Everyone In 2020 Wants A Piece Of Bernie's Coalition
- April 11, 2020
Fauci and Birx regularly appear at the briefings to give updates on the status of the coronavirus epidemic within the U.S. Fauci has also appeared on CNN virtual townhalls on the coronavirus for the past five weeks, but will not be present this Thursday. (more...)
- April 11, 2020
Fauci and Birx regularly appear at the briefings to give updates on the status of the coronavirus epidemic within the U.S. Fauci has also appeared on CNN virtual townhalls on the coronavirus for the past five weeks, but will not be present this Thursday. (more...)
USA stocks rise on Wall Street in early trading Thursday
- April 10, 2020
That figure was down from the adjusted prior amount of 6.8 million, but the total of Americans who have asked for relief, mostly because of coronavirus-related business shutdowns, has skyrocketed to nearly 17 million over the past three weeks. (more...)
- April 10, 2020
That figure was down from the adjusted prior amount of 6.8 million, but the total of Americans who have asked for relief, mostly because of coronavirus-related business shutdowns, has skyrocketed to nearly 17 million over the past three weeks. (more...)
OPEC: Oil deal starting with 10M barrel cut hinges on Mexico
- April 10, 2020
The cuts by the oil cartel plus its allies, a group known as Opec +, amount to 10m barrels per day (bpd), or 10% of global supplies. U.S. President Donald Trump said last week he had brokered a deal with Saudi Arabia and Russian Federation. (more...)
- April 10, 2020
The cuts by the oil cartel plus its allies, a group known as Opec +, amount to 10m barrels per day (bpd), or 10% of global supplies. U.S. President Donald Trump said last week he had brokered a deal with Saudi Arabia and Russian Federation. (more...)
UK's Furlough Plans Could Cost GBP40 Billion In 3 Months - Think Tank
- April 10, 2020
Given the extraordinary situation prevailing at the moment and given the alternative to being furloughed, it is likely that most employees will agree to the terms. However, the Government said it expected that the furlough payment of 80% of an employee's regular wage would be enough to cover training hours. Q: What other considerations are there when furloughing employees? Whether or not people can take advantage of this while confined to their house is, of course, another matter altogether. (more...)
- April 10, 2020
Given the extraordinary situation prevailing at the moment and given the alternative to being furloughed, it is likely that most employees will agree to the terms. However, the Government said it expected that the furlough payment of 80% of an employee's regular wage would be enough to cover training hours. Q: What other considerations are there when furloughing employees? Whether or not people can take advantage of this while confined to their house is, of course, another matter altogether. (more...)
The Fed just unleashed another $2.3 trillion to support the economy
- April 10, 2020
Federal Reserve Chairman Jerome Powell said the Fed's role was to "provide as much relief and stability as we can during this period of constrained economic activity". The PPP has experienced a slew of problems since its launch last week, including technical glitches that kept businesses from applying to banks not being prepared for the system. (more...)
- April 10, 2020
Federal Reserve Chairman Jerome Powell said the Fed's role was to "provide as much relief and stability as we can during this period of constrained economic activity". The PPP has experienced a slew of problems since its launch last week, including technical glitches that kept businesses from applying to banks not being prepared for the system. (more...)
Tesla announces pay cuts furloughs non-essential workers
- April 10, 2020
The email further stated that employees who are unable to work from home and who have not been assigned to critical on-site jobs will be suspended, and most suspended personnel will receive unemployment benefits "roughly equivalent to paying the house, quot; and retain their Health". (more...)
- April 10, 2020
The email further stated that employees who are unable to work from home and who have not been assigned to critical on-site jobs will be suspended, and most suspended personnel will receive unemployment benefits "roughly equivalent to paying the house, quot; and retain their Health". (more...)
Alberta's economy loses 117,000 jobs in March amid COVID-19
- April 10, 2020
Nationally, a grim picture of the effect COVID-19 has had on the economy was put into focus, as Statistics Canada reported the loss of over a million jobs in March. "We're seeing an impact on younger, female, low-wage workers in particular", David Macdonald, senior economist at the Canadian Centre for Policy Alternatives, told the Star. (more...)
- April 10, 2020
Nationally, a grim picture of the effect COVID-19 has had on the economy was put into focus, as Statistics Canada reported the loss of over a million jobs in March. "We're seeing an impact on younger, female, low-wage workers in particular", David Macdonald, senior economist at the Canadian Centre for Policy Alternatives, told the Star. (more...)
Fed will lend up to $2.3 trillion amid coronavirus crisis
- April 10, 2020
Both state and local governments are facing precipitous drops in revenue as sales tax receipts plunge and millions of Americans lose jobs and pay less income tax. Powell said the Fed will continue to use all the tools at its disposal until the USA economy begins to rebound fully from the harm caused by the CCP (Chinese Communist Party) virus outbreak. (more...)
- April 10, 2020
Both state and local governments are facing precipitous drops in revenue as sales tax receipts plunge and millions of Americans lose jobs and pay less income tax. Powell said the Fed will continue to use all the tools at its disposal until the USA economy begins to rebound fully from the harm caused by the CCP (Chinese Communist Party) virus outbreak. (more...)
Global trade expected to plummet this year, says World Trade Organization
- April 10, 2020
The WTO offered two scenarios, noting that estimates of the expected recovery in 2021 are uncertain, and that recovery will depend on the duration of the outbreak and the effectiveness of the policy responses. North America's exports are expected to plunge this year by as much as 41 percent, and Asia's by 36 percent. In its main annual forecast, the 164-member WTO pointed out that trade had already been slowing in 2019, before the emergence of the novel coronavirus. (more...)
- April 10, 2020
The WTO offered two scenarios, noting that estimates of the expected recovery in 2021 are uncertain, and that recovery will depend on the duration of the outbreak and the effectiveness of the policy responses. North America's exports are expected to plunge this year by as much as 41 percent, and Asia's by 36 percent. In its main annual forecast, the 164-member WTO pointed out that trade had already been slowing in 2019, before the emergence of the novel coronavirus. (more...)
EU Fin Mins fail to reach deal on COVID-19 response
- April 10, 2020
But ministers remained divided on how to boost the economy and failed to agree on a common text. Officials said Merkel also asked Rutte to stop blocking the deal, meant to provide a safety net for governments, companies and individuals against the deep recession the pandemic is expected to cause this year. (more...)
- April 10, 2020
But ministers remained divided on how to boost the economy and failed to agree on a common text. Officials said Merkel also asked Rutte to stop blocking the deal, meant to provide a safety net for governments, companies and individuals against the deep recession the pandemic is expected to cause this year. (more...)
Third week of big United States jobless claims sees 6.61 million filings
- April 09, 2020
There were almost 215,000 new claims for unemployment last week, the state's Department of Labor (DOL) said. What kinds of discussions are you having with family members and friends? This week's claims in OH are still higher than the 196,309 claims filed the week ending March 21, the first full week the state began seeing the coronavirus pandemic's effect on jobs. (more...)
- April 09, 2020
There were almost 215,000 new claims for unemployment last week, the state's Department of Labor (DOL) said. What kinds of discussions are you having with family members and friends? This week's claims in OH are still higher than the 196,309 claims filed the week ending March 21, the first full week the state began seeing the coronavirus pandemic's effect on jobs. (more...)
More than a million jobs lost in Canada last month
- April 09, 2020
That was on top of what the government says were nearly 3.7 million Canadians who became eligible for employment insurance since March 15 and whose claims are now being automatically transferred to the CERB. About three-quarters of lost jobs were part-time. The March data gives us some early insight into how COVID-19 emergency affected key sectors in Ottawa-Gatineau. (more...)
- April 09, 2020
That was on top of what the government says were nearly 3.7 million Canadians who became eligible for employment insurance since March 15 and whose claims are now being automatically transferred to the CERB. About three-quarters of lost jobs were part-time. The March data gives us some early insight into how COVID-19 emergency affected key sectors in Ottawa-Gatineau. (more...)
Walmart Sued For Wrongful Death By Late Employee's Estate
- April 09, 2020
It also alleges the company failed to share this information with workers and to safeguard them with gloves and other protections, or to enforce appropriate distancing, among other measures. The lawsuit, filed in the Circuit Court of Cook County, seeks unspecified damages. He said that got the company's attention, and executives from Walmart reached out to his office. (more...)
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- April 09, 2020
It also alleges the company failed to share this information with workers and to safeguard them with gloves and other protections, or to enforce appropriate distancing, among other measures. The lawsuit, filed in the Circuit Court of Cook County, seeks unspecified damages. He said that got the company's attention, and executives from Walmart reached out to his office. (more...)
Air Canada immediately re-hiring furloughed employees
- April 08, 2020
Depending on wage levels, many employees will receive more under the Canada Emergency Wage Subsidy than they would from employment insurance, on top of maintaining their health insurance and other benefits, according to Air Canada. The hope is this will encourage businesses to hire students to allow them to get the work experience they need and earn incomes during the downturn, Trudeau said. (more...)
- April 08, 2020
Depending on wage levels, many employees will receive more under the Canada Emergency Wage Subsidy than they would from employment insurance, on top of maintaining their health insurance and other benefits, according to Air Canada. The hope is this will encourage businesses to hire students to allow them to get the work experience they need and earn incomes during the downturn, Trudeau said. (more...)
Jack Dorsey pledges $1 billion in Square equity for coronavirus relief
- April 08, 2020
Start Small won't be limited to COVID-19 work. Dorsey's $1 billion commitment to funding COVID-19 coronavirus relief stands out at a time when the IT industry is pledging millions of dollars to help people and businesses impacted by the pandemic. (more...)
- April 08, 2020
Start Small won't be limited to COVID-19 work. Dorsey's $1 billion commitment to funding COVID-19 coronavirus relief stands out at a time when the IT industry is pledging millions of dollars to help people and businesses impacted by the pandemic. (more...)
Child care centres will be FREE to help parents during coronavirus crisis
- April 08, 2020
The system will be reviewed after one month, with an extension to be considered after three months. Murphy, who was addressing media along with Australian prime Minister Scott Morrison after a National Cabinet meeting, said "The true number is probably five to 10 times that". (more...)
- April 08, 2020
The system will be reviewed after one month, with an extension to be considered after three months. Murphy, who was addressing media along with Australian prime Minister Scott Morrison after a National Cabinet meeting, said "The true number is probably five to 10 times that". (more...)
Global stock rally continues; more volatility expected
- April 08, 2020
Sunday also saw US officials note during a Coronavirus Task Force briefing that data has shown a leveling of hospitalization rates; however, it was also stressed by US President Donald Trump that the US would be experiencing "the peak of this bad pandemic" this week. (more...)
- April 08, 2020
Sunday also saw US officials note during a Coronavirus Task Force briefing that data has shown a leveling of hospitalization rates; however, it was also stressed by US President Donald Trump that the US would be experiencing "the peak of this bad pandemic" this week. (more...)
Logan's Roadhouse fires all employees, closes restaurants
- April 08, 2020
A statement on the Logan's Roadhouse website confirmed the news, stating "after many long days and nights, we've made the hard decision to temporarily close all corporate restaurants as of March 18th, 2020 until further notice". According to Restaurant Business Online, the debtor-in-possession withdrew financing because of the "unprecedented" outbreak of COVID-19. In a court hearing last week, the company stated about half its 261 restaurants may never reopen. (more...)
- April 08, 2020
A statement on the Logan's Roadhouse website confirmed the news, stating "after many long days and nights, we've made the hard decision to temporarily close all corporate restaurants as of March 18th, 2020 until further notice". According to Restaurant Business Online, the debtor-in-possession withdrew financing because of the "unprecedented" outbreak of COVID-19. In a court hearing last week, the company stated about half its 261 restaurants may never reopen. (more...)
Trump Steps Up Oil Tariff Threat Amid Saudi-Russia Rift
- April 07, 2020
Still, a move by Saudi Arabia to delay the release of its crude official selling prices indicates it is not eager to flood the market with cheap supplies before a potential agreement, said Robert McNally, president of Rapidan Energy Group in Bethesda, Maryland. (more...)
- April 07, 2020
Still, a move by Saudi Arabia to delay the release of its crude official selling prices indicates it is not eager to flood the market with cheap supplies before a potential agreement, said Robert McNally, president of Rapidan Energy Group in Bethesda, Maryland. (more...)
Changes to emergency-relief program coming to expand eligibility, Trudeau says
- April 07, 2020
Also left out were students who haven't earned enough to qualify and people who were already seeking jobs before the pandemic's economic shock dried up their options. We will also have more to say for those who are working but making less than they would with the benefit. People who are normally eligible for employment insurance can continue to apply through EI and Service Canada, and they will automatically be enrolled in CERB. (more...)
- April 07, 2020
Also left out were students who haven't earned enough to qualify and people who were already seeking jobs before the pandemic's economic shock dried up their options. We will also have more to say for those who are working but making less than they would with the benefit. People who are normally eligible for employment insurance can continue to apply through EI and Service Canada, and they will automatically be enrolled in CERB. (more...)
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