Markets


Stocks rise as governments plan to ease virus lockdowns Stocks rise as governments plan to ease virus lockdowns
- April 28, 2020

Japan's government is warning against travel during the Golden Week holidays, which start this week and extend into early May, the biggest holiday for the nation after the New Year's holidays. Equities were broadly lower on Tuesday, though they were fluctuating throughout early business. Worries persist about new surges of coronavirus cases in places like China and South Korea, where they had declined as a result of social distancing, testing and arduous efforts by medical workers. (more...)
US Stock Futures Flat Following Rally in Previous Session US Stock Futures Flat Following Rally in Previous Session
- April 28, 2020

The U.S. benchmark 10-year Treasury yield rose for the second straight session, lifting the rate-sensitive financial index by 3%. Colorado, Mississippi, Minnesota, Montana and Tennessee were set to join several other states in reopening businesses this week, despite disapproval from health experts as business shutdowns put millions out of work across the country. (more...)
Chancellor unveils 100% state-backed loan scheme for UK's smallest businesses Chancellor unveils 100% state-backed loan scheme for UK's smallest businesses
- April 28, 2020

That left AIB customers frustrated as they were told to try to access CBILS through other lenders. Meanwhile, according to the Federation of Small Businesses , although 16,624 CBILS loans have been approved, another 15,000 loans are in the queue waiting for approval. (more...)
Tyson Foods Chairman Warns That 'The Food Supply Chain Is Breaking' Tyson Foods Chairman Warns That 'The Food Supply Chain Is Breaking'
- April 28, 2020

The government bodies at the national, state, county, and city levels must unite in a comprehensive, thoughtful, and productive way to allow our team members to work in safety without fear, panic, or worry. The company also temporarily shuttered plants in Indiana , Washington and another in Iowa . "Tyson Foods has a responsibility to feed our nation and the world". (more...)
‘Bleeding cash’: Airbus warns of deeper job cuts with ‘survival at stake’ ‘Bleeding cash’: Airbus warns of deeper job cuts with ‘survival at stake’
- April 28, 2020

In response to the pandemic Airbus had already begun implementing government-assisted furlough schemes starting with 3,000 workers in France and said it would lower output of its narrow-body jets to 40 a month. According to Faury, it is too early to judge the shape and pace of recovery, but possible scenarios include a short and deep crisis with a fast rebound or a longer and more painful downturn with previous demand levels only returning after 5-10 years. (more...)
Trudeau announces $62.5 million to support fishery during pandemic Trudeau announces $62.5 million to support fishery during pandemic
- April 28, 2020

In total, more than $900 million in provincial-federal relief will be provided to help businesses make it through these trying financial times and reopen when the pandemic is over. Some businesses suggested it may not be enough anyway. The small business tenant would cover the remainder, up to 25 per cent of the rent. "After wages, rent is the biggest fixed cost that most businesses have", says Holt. (more...)
The IRS enhances 'Get My Payment' site The IRS enhances 'Get My Payment' site
- April 27, 2020

The updates will let more taxpayers add direct-deposit information and view new or expanded information through the app, which was plagued by glitches when it launched April 15. Bank account type, account and routing numbers. Almost 90 million USA citizens have already received a stimulus payment from a massive federal government economic relief package related to the coronavirus pandemic. (more...)
GasBuddy: Wisconsin leads the nation with cheapest average gas price of $1.18 GasBuddy: Wisconsin leads the nation with cheapest average gas price of $1.18
- April 27, 2020

No matter if you're living in a Wisconsin county with the highest gas price or the lowest, you are still seeing historically low numbers. Some prices are listed at under $1, but that could be changing soon. The Shell gas station in Francis Creek, a small town south of Green Bay, was selling fuel for the incredibly cheap price on Friday, according to Gas Buddy. (more...)
Respite for oil as prices jump following market turmoil Respite for oil as prices jump following market turmoil
- April 27, 2020

Six of the 11 S&P 500 sector indexes were trading higher, but the energy index lost 0.1 per cent as oil prices headed for their third straight weekly loss after a historic collapse on Monday. "So the question underneath this market is whether there is enough stimulus, enough liquidity to continue to support this market structure". The yield on the 10-year Treasury note fell to 0.617% from 0.618% Wednesday. (more...)
Oil price dips to $12 United States a barrel as oversupply problem persists Oil price dips to $12 United States a barrel as oversupply problem persists
- April 27, 2020

The biggest fear for USA oil traders is that storage at Cushing, Oklahoma, could reach full capacity soon. "The shift of open interest away from June will have negative consequences for the liquidity of the contract, potentially leading to greater volatility in its price", Harry Tchilinguirian, global oil strategist at BNP Paribas in London, told the Reuters Global Oil Forum. (more...)
Canadian businesses can now start applying for Canada Emergency Wage Subsidy Canadian businesses can now start applying for Canada Emergency Wage Subsidy
- April 27, 2020

Prime Minister Justin Trudeau said that nearly 10,000 businesses have already applied to the Canada Emergency Wage Subsidy since applications opened at 6 am ET. The application process opened at 6 a.m. on Monday and Prime Minister Justin Trudeau says the number of applications underscores the scope of the challenge companies are facing because of the COVID-19 pandemic. (more...)
IRS says it’s made improvements to ‘Get My Payment’ online tool IRS says it’s made improvements to ‘Get My Payment’ online tool
- April 27, 2020

On Friday, the IRS offered an update on how many payments have been sent out so far. Get all the latest news on coronavirus and more delivered daily to your inbox. ( Social Security recipients will receive a stimulus check automatically if they did not file a tax return for one of the past two years.) You'll receive the payment by direct deposit, debit card or paper check-whichever way you normally receive your benefits. (more...)
Boeing ends deal, angering Brazilian jet maker Embraer Boeing ends deal, angering Brazilian jet maker Embraer
- April 27, 2020

Embraer says Boeing wanted to avoid its commitments to close the transaction and pay the agreed purchase price as the U.S. company faces financial troubles linked to the 737 MAX fiasco. On Wednesday, a private equity firm, Sycamore Partners, that had agreed in February to buy a majority of Victoria's Secret said it wanted to terminate the deal because of the clothing retailer's response to the crisis. (more...)
Oil Falls As Crude In U.S. Storage Nears All-Time High Oil Falls As Crude In U.S. Storage Nears All-Time High
- April 27, 2020

United States oil led the losses, with WTI for June delivery falling over 16 percent to $14.47 per barrel. The cost of futures for Brent crude oil for delivery in June 2020 on the London ICE exchange has dropped by 6.8% - to $19.99 per barrel, in morning trading. (more...)
Restrictions to be eased in Qld, calls for schools return Restrictions to be eased in Qld, calls for schools return
- April 27, 2020

It comes as Queensland announced it would be relaxing its coronavirus restrictions from midnight on Friday. Annastacia Palaszczuk added that she wouldn't hesitate to "clamp back down" on restrictions, should the state govt see any illegal mass gatherings, or a spike in coronavirus cases occurs. (more...)
AT&T's Stephenson to Retire as CEO in June AT&T's Stephenson to Retire as CEO in June
- April 27, 2020

Stephenson, who has been with AT&T for 38 years, will serve as executive chairman of that board until January 2021. Stankey will meanwhile become part of the board of directors from June. "We have been engaged with the company throughout the search process, which was a robust one, including a range of highly qualified outside candidates and overseen by independent directors", Elliott said. (more...)
Ontario to boost pay for workers fighting coronavirus pandemic Ontario to boost pay for workers fighting coronavirus pandemic
- April 27, 2020

The province's public schools will remain closed until May 31, in an effort to keep students, staff and families from contracting and spreading COVID-19. Thunder Bay District Health Unit still has the greatest number of cases thus far with a total of 63, including 46 recoveries. Ottawa-area long-term care homes whose previous outbreaks have been resolved include Kanata's Garden Terrace. (more...)
Trump Links Postal Service Loan to Higher Charges for Amazon, Others Trump Links Postal Service Loan to Higher Charges for Amazon, Others
- April 27, 2020

The Package Coalition, whose members include Amazon, eBay (NASDAQ:) and others, said that raising prices to deliver packages would mean Americans would pay higher prices. The agency's revenues have plunged about 30 percent during the pandemic, though, as business mail has declined. We believe the risk is low for employees who work at the Columbia Post Office, but we will keep our employees apprised as new information and guidance becomes available. (more...)
Instacart is hiring another 250,000 grocery shoppers Instacart is hiring another 250,000 grocery shoppers
- April 27, 2020

Instacart the wave of aggressive recruitment continues due to COVID-19 shelter requests in place. The shopper in-app wellness checks will give Instacart employees access to a daily wellness check created to help survey for any COVID-19 related symptoms. (more...)
Serie A training to resume in May Serie A training to resume in May
- April 27, 2020

In a much-awaited news conference on Sunday evening, Conte announced the start of "phase 2" of the coronavirus outbreak, which has so far claimed more than 26,600 victims and infected more than 106,000 people in the country. "We are not yet in a position to restore full freedom of movement, but we are studying a relaxation of the current, strict regime", Conte said. Italy's borders will stay closed to foreign tourists until the end of the year, Dario Franceschini, Minister of Culture and ... (more...)

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