Markets
Retail Sales Up, But That’s Not The Whole Economic Story
- August 17, 2020
Initially, Wall Street wasn't impressed with the data. Receipts at restaurants and bars increased 5.0 percent, though the pace slowed from the 26.7 percent notched in June. economist at Capital Economics, said in a research note Friday. Despite reaching a pre-crisis milestone, retail sales could slow in the months ahead, economists warn. (more...)
- August 17, 2020
Initially, Wall Street wasn't impressed with the data. Receipts at restaurants and bars increased 5.0 percent, though the pace slowed from the 26.7 percent notched in June. economist at Capital Economics, said in a research note Friday. Despite reaching a pre-crisis milestone, retail sales could slow in the months ahead, economists warn. (more...)
Canada Revenue Agency shuts down online services, after two cyberattacks
- August 16, 2020
The agency is recommending "My Account" users enable email notifications, which the CRA said can act "as an early warning to Canadians of potential fraudulent activity on their account". These attacks were mainly targeted at CERB (Canada Emergency Response Benefit) financial aid for those who were impacted by the COVID-19 pandemic. The government and the RCMP are investigating to find out if there had been any privacy breaches and if information had been obtained from the accounts, the ... (more...)
- August 16, 2020
The agency is recommending "My Account" users enable email notifications, which the CRA said can act "as an early warning to Canadians of potential fraudulent activity on their account". These attacks were mainly targeted at CERB (Canada Emergency Response Benefit) financial aid for those who were impacted by the COVID-19 pandemic. The government and the RCMP are investigating to find out if there had been any privacy breaches and if information had been obtained from the accounts, the ... (more...)
Rotating power outages impacting the Central Coast
- August 16, 2020
About 352,500 customers were affected, based on the estimated amount of power cut, affecting about 1 million people based on the average household size. Power was turned off for about an hour in each block. Due to increasingly hot weather across the state coupled with cloud cover in Southern California impacting utility-scale solar assets, CAISO has issued a Grid Warning Notice and may require PG&E to conduct rotating outages later this evening. (more...)
- August 16, 2020
About 352,500 customers were affected, based on the estimated amount of power cut, affecting about 1 million people based on the average household size. Power was turned off for about an hour in each block. Due to increasingly hot weather across the state coupled with cloud cover in Southern California impacting utility-scale solar assets, CAISO has issued a Grid Warning Notice and may require PG&E to conduct rotating outages later this evening. (more...)
Nationwide Onion Recall Includes New Hampshire
- August 15, 2020
The Canadian Food Inspection Agency says Thomson International is expanding its recall of red onions to include the yellow, white and sweet yellow varieties. People older than 65 and younger than 5 are more likely to suffer severe illness. All those who are experiencing these symptoms are encouraged to reach out to their medical provider. (more...)
- August 15, 2020
The Canadian Food Inspection Agency says Thomson International is expanding its recall of red onions to include the yellow, white and sweet yellow varieties. People older than 65 and younger than 5 are more likely to suffer severe illness. All those who are experiencing these symptoms are encouraged to reach out to their medical provider. (more...)
Scotch whisky exports down £300m from continuing USA tariffs
- August 15, 2020
It is one of our greatest exporting success stories, worth more than $1.5 billion a year ago in the USA alone. European plane maker Airbus said on Wednesday it regrets Washington's decision to keep in place 15 percent tariffs on Airbus aircraft despite European Union actions to comply with World Trade Organization (WTO) rulings. (more...)
- August 15, 2020
It is one of our greatest exporting success stories, worth more than $1.5 billion a year ago in the USA alone. European plane maker Airbus said on Wednesday it regrets Washington's decision to keep in place 15 percent tariffs on Airbus aircraft despite European Union actions to comply with World Trade Organization (WTO) rulings. (more...)
More than 165K reservations made for Ford Bronco in first 3 weeks
- August 15, 2020
Two other concepts are based on the Bronco Sport . This one boasts tube doors, beadlock-capable wheels, and a 40-inch RIGID LED lightbar. A Ford Performance by WARN® winch helps rescue your lesser-equipped 4x4 friends. "Getting into the wild is at the core of Bronco brand, and our first Bronco Off-Roadeo location in Austin, Texas, will help fuel Bronco fans' quests for outdoor adventure", said Mark Grueber, Bronco brand marketing manager. (more...)
- August 15, 2020
Two other concepts are based on the Bronco Sport . This one boasts tube doors, beadlock-capable wheels, and a 40-inch RIGID LED lightbar. A Ford Performance by WARN® winch helps rescue your lesser-equipped 4x4 friends. "Getting into the wild is at the core of Bronco brand, and our first Bronco Off-Roadeo location in Austin, Texas, will help fuel Bronco fans' quests for outdoor adventure", said Mark Grueber, Bronco brand marketing manager. (more...)
August 12 Winning Powerball Ticket Sold At Florida Publix
- August 15, 2020
Saturday's Classic Lotto jackpot is $1.6 million. If all five white, numbered balls are chosen but the red powerball is not correct, then the payout is $1 million, with an even higher payout if the power play is chosen. The deadline to purchase tickets is 9:45 p.m. Lucky for Life draws at 10:35 p.m. on Mondays and Thursdays. Powerball tickets cost $2 per each. Wednesday night's POWERBALL drawing also produced two $50,000 winners and one $100,000 victor! The odds of hitting the ... (more...)
- August 15, 2020
Saturday's Classic Lotto jackpot is $1.6 million. If all five white, numbered balls are chosen but the red powerball is not correct, then the payout is $1 million, with an even higher payout if the power play is chosen. The deadline to purchase tickets is 9:45 p.m. Lucky for Life draws at 10:35 p.m. on Mondays and Thursdays. Powerball tickets cost $2 per each. Wednesday night's POWERBALL drawing also produced two $50,000 winners and one $100,000 victor! The odds of hitting the ... (more...)
Unemployment rises slightly despite signs of pandemic recovery
- August 15, 2020
It was followed by West Australia with 8.3% and South Australia with 7.9%. The number of unemployed Australians actively looking for work has surpassed 1 million for the first time in the last 22 years, official data revealed on Thursday. (more...)
- August 15, 2020
It was followed by West Australia with 8.3% and South Australia with 7.9%. The number of unemployed Australians actively looking for work has surpassed 1 million for the first time in the last 22 years, official data revealed on Thursday. (more...)
BE ties up with Janssen Pharmaceutica NV for COVID-19 vaccine production
- August 15, 2020
Meanwhile, Johnson & Johnson said that the company agreed in principle to provide 30 million doses, with the option for an additional purchase of up to 22 million doses. The sooner we start the two-dose study of the Janssen vaccine the sooner we will know whether the vaccine can provide durable, long term protection against COVID-19 infection. (more...)
- August 15, 2020
Meanwhile, Johnson & Johnson said that the company agreed in principle to provide 30 million doses, with the option for an additional purchase of up to 22 million doses. The sooner we start the two-dose study of the Janssen vaccine the sooner we will know whether the vaccine can provide durable, long term protection against COVID-19 infection. (more...)
Oil edges lower after OPEC report, U.S. stocks draw supports
- August 14, 2020
The EIA's estimate for global liquid fuels production came in at an average 91.8 million barrels per day in Q2-8.6 million bpd less than the same period in 2019, driven by production quotas for OPEC and reduced production in the United States due to low oil prices. (more...)
- August 14, 2020
The EIA's estimate for global liquid fuels production came in at an average 91.8 million barrels per day in Q2-8.6 million bpd less than the same period in 2019, driven by production quotas for OPEC and reduced production in the United States due to low oil prices. (more...)
Oil Falls With Broader Markets as Virus Worries Return
- August 14, 2020
IEA also boosted projections for supplies outside the Organization of Petroleum Exporting Countries, OPEC , in the second half by about 500,000 barrels a day, as the USA and Canada restore halted production. "It's a lot of things pulling in different directions, and when that occurs, markets get range-bound". In a sign of lingering demand weakness, the USA average retail price for gasoline could dip back below $2 a gallon in the fourth quarter, especially in the event of a resurgence of ... (more...)
- August 14, 2020
IEA also boosted projections for supplies outside the Organization of Petroleum Exporting Countries, OPEC , in the second half by about 500,000 barrels a day, as the USA and Canada restore halted production. "It's a lot of things pulling in different directions, and when that occurs, markets get range-bound". In a sign of lingering demand weakness, the USA average retail price for gasoline could dip back below $2 a gallon in the fourth quarter, especially in the event of a resurgence of ... (more...)
British economy slides into deepest recession on record due to Covid crisis
- August 14, 2020
The UK on Wednesday officially fell into recession for the first time in 11 years. Britain's economy contracted by a record 20.4% in the second quarter (2Q) with the country in lockdown over the coronavirus pandemic , official data showed yesterday. (more...)
- August 14, 2020
The UK on Wednesday officially fell into recession for the first time in 11 years. Britain's economy contracted by a record 20.4% in the second quarter (2Q) with the country in lockdown over the coronavirus pandemic , official data showed yesterday. (more...)
Hyundai launches Elantra N Line, says hybrid electric in pipeline
- August 14, 2020
Hyundai says it has made "several mechanical improvements" to the Elantra's suspension to increase stiffness, while also adding 18-inch alloys and larger front brakes. The N performance parts provide a more dynamic driving experience beyond the base model, allowing customers to get more of the N experience. This is the first time Hyundai has come up with an N Line version of the Elantra. (more...)
- August 14, 2020
Hyundai says it has made "several mechanical improvements" to the Elantra's suspension to increase stiffness, while also adding 18-inch alloys and larger front brakes. The N performance parts provide a more dynamic driving experience beyond the base model, allowing customers to get more of the N experience. This is the first time Hyundai has come up with an N Line version of the Elantra. (more...)
Facebook sued for allegedly harvesting biometric data via Instagram
- August 14, 2020
Facebook is being sued for allegedly collecting the biometric data of Instagram users or people who appear in photos on the platform without their consent. Under the IL law, Facebook could be forced to pay $1,000 to $5,000 per violation, meaning the full damages could reach $500 billion if Facebook is found responsible. (more...)
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- August 14, 2020
Facebook is being sued for allegedly collecting the biometric data of Instagram users or people who appear in photos on the platform without their consent. Under the IL law, Facebook could be forced to pay $1,000 to $5,000 per violation, meaning the full damages could reach $500 billion if Facebook is found responsible. (more...)
Jobless rate edges higher to 7.5 per cent
- August 14, 2020
Michaelia Cash, the minister for employment, said on Thursday that the Victoria state lockdown would cost the economy "billions and billions" of dollars. The Australian Institute of Geoscientists (AIG) president Andrew Waltho said more than three quarters of Australia's geoscientists worked in the mining and mining exploration sector. (more...)
- August 14, 2020
Michaelia Cash, the minister for employment, said on Thursday that the Victoria state lockdown would cost the economy "billions and billions" of dollars. The Australian Institute of Geoscientists (AIG) president Andrew Waltho said more than three quarters of Australia's geoscientists worked in the mining and mining exploration sector. (more...)
Boris Johnson meeting Arlene Foster and Michelle O'Neill at Hillsborough Castle
- August 14, 2020
Mr Johnson will also highlight the additional funding for the Stormont executive, his support for a city growth deal and the five million pieces of PPE (personal protective equipment) that have come to NI from other parts of the UK. "The challenge for us really is can we organise centenary commemorations in a way that is as inclusive as possible, as respectful as possible of different traditions, but done in a way that brings new insights into what actually transpired a hundred years ago", he ... (more...)
- August 14, 2020
Mr Johnson will also highlight the additional funding for the Stormont executive, his support for a city growth deal and the five million pieces of PPE (personal protective equipment) that have come to NI from other parts of the UK. "The challenge for us really is can we organise centenary commemorations in a way that is as inclusive as possible, as respectful as possible of different traditions, but done in a way that brings new insights into what actually transpired a hundred years ago", he ... (more...)
Gold price falls for 2nd day; down Rs 1,600 from record high
- August 14, 2020
In June 2003, after a sustained five-year period of lower gold-silver ratios, the gold-silver ratio reached a high of 78.7:1, over the next five years the silver price rose from US$4.53 to a high of US$19.32/ounce in March 2008, (Figure 1) an increase of 326%. (more...)
- August 14, 2020
In June 2003, after a sustained five-year period of lower gold-silver ratios, the gold-silver ratio reached a high of 78.7:1, over the next five years the silver price rose from US$4.53 to a high of US$19.32/ounce in March 2008, (Figure 1) an increase of 326%. (more...)
'Uncertain times': Ontario budget deficit projected to jump to $38.5B
- August 14, 2020
That's the figure provided by Finance Minister Rod Phillips. "From an economic and a health perspective, we remain in uncertain times, the risk of a second wave is real, despite our collective efforts to avert it". Government revenues for this year are down $5.7 billion from previous estimates, expenses up $13.1 billion, partly offset by the federal government increasing transfers to Ontario by $6.2 billion. (more...)
- August 14, 2020
That's the figure provided by Finance Minister Rod Phillips. "From an economic and a health perspective, we remain in uncertain times, the risk of a second wave is real, despite our collective efforts to avert it". Government revenues for this year are down $5.7 billion from previous estimates, expenses up $13.1 billion, partly offset by the federal government increasing transfers to Ontario by $6.2 billion. (more...)
McDonald's suing former CEO
- August 13, 2020
Going for a smooth transition, McDonald's did not seek "for-cause termination", and the former CEO was granted millions of dollars in severance pay and benefits. Just last week, the Nation ran an exhaustive cover story detailing sexual harassment allegations at McDonald's restaurants in the United States, and in May, the International Union of Food Workers (IUF) charged that sexual harassment was " systematic " and " rampant " throughout the company's global fast food empire in a ... (more...)
- August 13, 2020
Going for a smooth transition, McDonald's did not seek "for-cause termination", and the former CEO was granted millions of dollars in severance pay and benefits. Just last week, the Nation ran an exhaustive cover story detailing sexual harassment allegations at McDonald's restaurants in the United States, and in May, the International Union of Food Workers (IUF) charged that sexual harassment was " systematic " and " rampant " throughout the company's global fast food empire in a ... (more...)
The final trailer for Mulan is here ahead of Disney+ debut
- August 13, 2020
Whether the studio will do the latter is hard to say, especially as making Mulan a Disney+ exclusive means forgoing sharing a cut of the profits with iTunes and Amazon Prime. Access will continue as long as they have an active subscription. Once you have Premier Access to Mulan , you can watch as many times as you want on any platform where Disney+ is available. (more...)
- August 13, 2020
Whether the studio will do the latter is hard to say, especially as making Mulan a Disney+ exclusive means forgoing sharing a cut of the profits with iTunes and Amazon Prime. Access will continue as long as they have an active subscription. Once you have Premier Access to Mulan , you can watch as many times as you want on any platform where Disney+ is available. (more...)
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