Markets
EU Leaders Fail To Agree On Coronavirus Economic Recovery Program
- April 24, 2020
But Italy's Prime Minister Giuseppe Conte said "great progress" had been made on Thursday. They also mandated the European Commission to link the recovery fund with the bloc's 2021-2027 budget. This was demanded by German Chancellor Angela Merkel, the bloc's most influential leader who has stood firmly against more ambitious proposals backed by Italy and Spain, most notably joint European Union borrowing. (more...)
- April 24, 2020
But Italy's Prime Minister Giuseppe Conte said "great progress" had been made on Thursday. They also mandated the European Commission to link the recovery fund with the bloc's 2021-2027 budget. This was demanded by German Chancellor Angela Merkel, the bloc's most influential leader who has stood firmly against more ambitious proposals backed by Italy and Spain, most notably joint European Union borrowing. (more...)
'We have flattened the curve:' Saskatchewan may reopen some businesses in May
- April 24, 2020
But he also said the government has been beavering away on a plan with an economic recovery task force that includes representatives of business, labour and other economic stakeholders. The maximum gathering size will be increased to 15 in phase three . "We are all in different places when it comes to COVID-19". The size of public and private gatherings will increase to a maximum of 30 people. (more...)
- April 24, 2020
But he also said the government has been beavering away on a plan with an economic recovery task force that includes representatives of business, labour and other economic stakeholders. The maximum gathering size will be increased to 15 in phase three . "We are all in different places when it comes to COVID-19". The size of public and private gatherings will increase to a maximum of 30 people. (more...)
Toyota Yaris Cross (Small SUV) Unveiled, Gets AWD System
- April 24, 2020
For the sake of further comparison, the larger, TNGA-C-based C-HR measures 4,360 mm long, 1,795 mm wide, 1,565 mm tall and has a wheelbase spanning 2,640 mm. It's yet to confirm exactly how big the boot will be but says it has a "large trunk volume". "When we started this process, we understood that whilst style is the number one purchase reason in the B-SUV segment, customers were also keen to have a high level of practicality". (more...)
- April 24, 2020
For the sake of further comparison, the larger, TNGA-C-based C-HR measures 4,360 mm long, 1,795 mm wide, 1,565 mm tall and has a wheelbase spanning 2,640 mm. It's yet to confirm exactly how big the boot will be but says it has a "large trunk volume". "When we started this process, we understood that whilst style is the number one purchase reason in the B-SUV segment, customers were also keen to have a high level of practicality". (more...)
Trump bashes Georgia Gov. Brian Kemp again over opening state
- April 24, 2020
I wasn't happy with Brian Kemp '. "The extraordinary reversal - and public criticism of a GOP ally - is only the latest in a series of contradictory and confusing messages from the president on how and when he believes governors should ease stay-at-home orders meant to stop the spread of the deadly virus", the AP wrote. (more...)
- April 24, 2020
I wasn't happy with Brian Kemp '. "The extraordinary reversal - and public criticism of a GOP ally - is only the latest in a series of contradictory and confusing messages from the president on how and when he believes governors should ease stay-at-home orders meant to stop the spread of the deadly virus", the AP wrote. (more...)
U.K. Economy Shrinks Most on Record Amid Coronavirus Lockdown
- April 24, 2020
Asia s economic woes, seen in flash purchasing managers indexes, were echoed in surveys from Europe. Germany's consumer confidence has also fallen to an all-time low, and about half of the country's companies have now introduced short-time work. (more...)
- April 24, 2020
Asia s economic woes, seen in flash purchasing managers indexes, were echoed in surveys from Europe. Germany's consumer confidence has also fallen to an all-time low, and about half of the country's companies have now introduced short-time work. (more...)
Tyson Foods closes another meat plant indefinitely due to coronavirus
- April 24, 2020
Indiana Farm Bureau says the Cass County Commissioners voted to close the Tyson plant today (Wednesday) for 14 days. Meat processing workers are particularly susceptible to the Chinese Communist Party (CCP) virus, commonly known as the novel coronavirus , because they typically stand shoulder-to-shoulder on the line and congregate in crowded locker rooms and cafeterias. (more...)
- April 24, 2020
Indiana Farm Bureau says the Cass County Commissioners voted to close the Tyson plant today (Wednesday) for 14 days. Meat processing workers are particularly susceptible to the Chinese Communist Party (CCP) virus, commonly known as the novel coronavirus , because they typically stand shoulder-to-shoulder on the line and congregate in crowded locker rooms and cafeterias. (more...)
Another 4.4 million Americans filed for unemployment benefits last week
- April 23, 2020
This marks the highest level of the seasonally adjusted insured unemployment rate in the history of the seasonally adjusted series, according to the U.S. More than 5.2 million had filed for unemployment the week prior and 6.6 million filed the week before that. An analysis by SmartAsset, which did not include last week's unemployment figures, showed that as of April 11, Kentucky had the 6th-highest ratio of unemployment claims as a percentage of the workforce, beat only by Nevada, ... (more...)
- April 23, 2020
This marks the highest level of the seasonally adjusted insured unemployment rate in the history of the seasonally adjusted series, according to the U.S. More than 5.2 million had filed for unemployment the week prior and 6.6 million filed the week before that. An analysis by SmartAsset, which did not include last week's unemployment figures, showed that as of April 11, Kentucky had the 6th-highest ratio of unemployment claims as a percentage of the workforce, beat only by Nevada, ... (more...)
United States employment suffers steepest decline since Great Recession
- April 23, 2020
The figure brings the total number of newly jobless people in the U.S.in the past five weeks to more than 26 million people. For the fifth week in a row, millions of American workers applied for unemployment benefits, seeking financial relief as businesses remained closed during the coronavirus pandemic . (more...)
- April 23, 2020
The figure brings the total number of newly jobless people in the U.S.in the past five weeks to more than 26 million people. For the fifth week in a row, millions of American workers applied for unemployment benefits, seeking financial relief as businesses remained closed during the coronavirus pandemic . (more...)
Ontario Formally Asks Canada For Help
- April 23, 2020
Ontario Chief Medical Officer of Health Dr. David Williams said there are positive signs in the province's battle against COVID-19. "Things change very quickly, sometimes hour by hour", Merrilee Fullerton said when asked. That data is taken from a different system than the specific long-term care data and the two are often out of sync. Ontario health officials have confirmed 634 new COVID-19 cases in the province, along with 54 deaths, marking a new daily high in case growth as the total ... (more...)
- April 23, 2020
Ontario Chief Medical Officer of Health Dr. David Williams said there are positive signs in the province's battle against COVID-19. "Things change very quickly, sometimes hour by hour", Merrilee Fullerton said when asked. That data is taken from a different system than the specific long-term care data and the two are often out of sync. Ontario health officials have confirmed 634 new COVID-19 cases in the province, along with 54 deaths, marking a new daily high in case growth as the total ... (more...)
New unemployment claims reach 4.4 million in a week
- April 23, 2020
More than 22 million Americans have filed for unemployment assistance in the past month, according to the federal Department of Labor. In all, 47,545 residents filed for unemployment for the first time through April 18, a decrease from the 61,170 who filed for the first time the week before. (more...)
- April 23, 2020
More than 22 million Americans have filed for unemployment assistance in the past month, according to the federal Department of Labor. In all, 47,545 residents filed for unemployment for the first time through April 18, a decrease from the 61,170 who filed for the first time the week before. (more...)
Trump Says He ‘Strongly’ Disagrees With Georgia’s Plan to Reopen State
- April 23, 2020
But at the same time, he must do what he thinks is right. The state house's Democratic Caucus on Tuesday requested Kemp "immediately rescind" the order, saying it could "best be summed up as too much, too soon", and that it put the health of Georgia residents at risk. (more...)
- April 23, 2020
But at the same time, he must do what he thinks is right. The state house's Democratic Caucus on Tuesday requested Kemp "immediately rescind" the order, saying it could "best be summed up as too much, too soon", and that it put the health of Georgia residents at risk. (more...)
Oil Prices Recover Ground After Plunging To The Lowest Level In History
- April 23, 2020
WTI for June delivery jumped 19 percent Wednesday after US President Donald Trump threatened to shoot at Iranian boats in a key waterway for crude shipments after Washington accused its arch-foe of harassing its ships in the Gulf. He said unless there was "a massive shock" such as oil well shutdowns equivalent to cutting millions of barrels from global production or an earlier than expected lifting of lockdown measures, oil may soon be "cheaper than a latte". (more...)
- April 23, 2020
WTI for June delivery jumped 19 percent Wednesday after US President Donald Trump threatened to shoot at Iranian boats in a key waterway for crude shipments after Washington accused its arch-foe of harassing its ships in the Gulf. He said unless there was "a massive shock" such as oil well shutdowns equivalent to cutting millions of barrels from global production or an earlier than expected lifting of lockdown measures, oil may soon be "cheaper than a latte". (more...)
Stimulus checks: Why you might not be able to track your payment
- April 22, 2020
Social Security beneficiaries who have already filed tax returns do not have to take any action to receive money for their dependents because the IRS already has that information on file. While checks are expected to start going out this week, some might not receive them until September based on their adjusted gross income and other tax return filing information. (more...)
- April 22, 2020
Social Security beneficiaries who have already filed tax returns do not have to take any action to receive money for their dependents because the IRS already has that information on file. While checks are expected to start going out this week, some might not receive them until September based on their adjusted gross income and other tax return filing information. (more...)
Brent crude oil price hits 21-year low amid glut
- April 22, 2020
Oil ministers from the OPEC+ coalition held an unscheduled conference call on Tuesday to discuss the rout, though a closing statement signaled they didn't settle on any new policy measures. Among the grades hardest hit are those most exposed to buying in what's known as the spot market - for immediate supply. Amazon fell 2.7% on Tuesday. (more...)
- April 22, 2020
Oil ministers from the OPEC+ coalition held an unscheduled conference call on Tuesday to discuss the rout, though a closing statement signaled they didn't settle on any new policy measures. Among the grades hardest hit are those most exposed to buying in what's known as the spot market - for immediate supply. Amazon fell 2.7% on Tuesday. (more...)
Social Security recipients given tight timeline to get stimulus cash for dependents
- April 22, 2020
The agency issued the guidance Monday afternoon, giving less than 48 hours' notice. Eighty million Americans eligible for a coronavirus stimulus payment via direct bank deposit have received it, according to USA Today and ABC News . (more...)
- April 22, 2020
The agency issued the guidance Monday afternoon, giving less than 48 hours' notice. Eighty million Americans eligible for a coronavirus stimulus payment via direct bank deposit have received it, according to USA Today and ABC News . (more...)
US Oil Price Drop Not Reflective of Global Sector
- April 22, 2020
The pandemic has crippled global energy demand and worsened a supply glut, leading U.S. crude futures to go below zero for the first time on Monday. This difference in price between the two futures is given by the contango in the oil market: futures with later expiries have usually higher prices because they discount the price for storage. (more...)
- April 22, 2020
The pandemic has crippled global energy demand and worsened a supply glut, leading U.S. crude futures to go below zero for the first time on Monday. This difference in price between the two futures is given by the contango in the oil market: futures with later expiries have usually higher prices because they discount the price for storage. (more...)
Stocks open lower as oil market continues to crumble
- April 22, 2020
The S&P 500 is down 138 points, or 4.8%. Pessimists say the market's rally has been overdone and that a premature reopening of the economy could lead to only more flareups of infections. The U.S. oil contract for delivery in May settled at negative $37.63 per barrel Monday, an indication that investors don't want to be left holding oil at a time when storage facilities are nearly full and demand is at its lowest since the mid-1990s. (more...)
- April 22, 2020
The S&P 500 is down 138 points, or 4.8%. Pessimists say the market's rally has been overdone and that a premature reopening of the economy could lead to only more flareups of infections. The U.S. oil contract for delivery in May settled at negative $37.63 per barrel Monday, an indication that investors don't want to be left holding oil at a time when storage facilities are nearly full and demand is at its lowest since the mid-1990s. (more...)
Bondi Beach to reopen for surfing as Australia virus cases slow
- April 22, 2020
But the white sands will remain off-limits to sunbathers, joggers and families in an effort to maintain Australia's strict social distancing requirements. It was later revealed Bondi was a hotspot for the virus, with a pop-up fever clinic set up at Bondi Pavillion to test residents and backpackers. Masselos urged non-residents not to visit Bondi, saying the beach corridors would close if demand was too high. (more...)
- April 22, 2020
But the white sands will remain off-limits to sunbathers, joggers and families in an effort to maintain Australia's strict social distancing requirements. It was later revealed Bondi was a hotspot for the virus, with a pop-up fever clinic set up at Bondi Pavillion to test residents and backpackers. Masselos urged non-residents not to visit Bondi, saying the beach corridors would close if demand was too high. (more...)
Annual inflation rate cooled in March to 0.9 per cent — NewsAlert
- April 22, 2020
BoE deputy governor Ben Broadbent said on Monday inflation in Britain was likely to fall below 1 percent in the coming months. The overall rate was the lowest since the 0.9 per cent in May 2015. Malaysia's consumer prices in March fell for the first time in more than a year, declining 0.2 per cent from a year earlier amid lower transport costs, government data showed on Wednesday. (more...)
- April 22, 2020
BoE deputy governor Ben Broadbent said on Monday inflation in Britain was likely to fall below 1 percent in the coming months. The overall rate was the lowest since the 0.9 per cent in May 2015. Malaysia's consumer prices in March fell for the first time in more than a year, declining 0.2 per cent from a year earlier amid lower transport costs, government data showed on Wednesday. (more...)
USA oil futures continue to tread in negative territory, Brent plunges
- April 22, 2020
Somebody wasn't able to make good on a futures oil contract and the price collapsed . It also warned that in a "worst case scenario", the net asset value of the fund may drop to zero and investors may suffer "a total loss" of their investments. (more...)
- April 22, 2020
Somebody wasn't able to make good on a futures oil contract and the price collapsed . It also warned that in a "worst case scenario", the net asset value of the fund may drop to zero and investors may suffer "a total loss" of their investments. (more...)
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