Money
The latest developments on COVID-19 in Canada
- March 09, 2020
Over the last two weeks, the stock market has suffered a dramatic slide with last week's losses representing the worst for USA stocks since 2009. In Toronto , health officials said a man in his 40s newly diagnosed with COVID-19 recently travelled to Las Vegas and used public transit in Toronto for several days before he was tested for the virus. (more...)
- March 09, 2020
Over the last two weeks, the stock market has suffered a dramatic slide with last week's losses representing the worst for USA stocks since 2009. In Toronto , health officials said a man in his 40s newly diagnosed with COVID-19 recently travelled to Las Vegas and used public transit in Toronto for several days before he was tested for the virus. (more...)
Yes Bank crisis: CBI books Rana Kapoor, DHFL's Kapil Wadhawan for cheating
- March 09, 2020
The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money laundering charges here in the early hours of Sunday, officials said. A Rs 600 crore worth loan extended by the DHFL to an entity is also at the centre of the ED probe, officials said. (more...)
- March 09, 2020
The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money laundering charges here in the early hours of Sunday, officials said. A Rs 600 crore worth loan extended by the DHFL to an entity is also at the centre of the ED probe, officials said. (more...)
United Airlines cuts flights, freezes hiring as coronavirus hits demand
- March 09, 2020
President Donald Trump on Wednesday. The airline also said it will offer USA based employees the opportunity "to apply for a voluntary, unpaid leave of absence or in some cases, a reduced schedule". "We haven't discussed that", Trump said. "We see cancellations, especially among corporate travelers", says Helen Becker, an analyst at Cowen Airlines. (more...)
- March 09, 2020
President Donald Trump on Wednesday. The airline also said it will offer USA based employees the opportunity "to apply for a voluntary, unpaid leave of absence or in some cases, a reduced schedule". "We haven't discussed that", Trump said. "We see cancellations, especially among corporate travelers", says Helen Becker, an analyst at Cowen Airlines. (more...)
Tim Hortons ditches 'roll up the rim' cups amid COVID-19 fears
- March 09, 2020
Tim Hortons' sustainability team is working to make sure all the Roll Up the Rim cups are collected and recycled appropriately. The decision complicates the company's revamped Roll Up the Rim contest , which begins next week. In Canada, 57 cases have been reported so far, with no deaths as of yet. Tim Hortons also said that it is sourcing extra gloves, hand sanitization gel and other cleaning materials "should we need them in the coming months". (more...)
- March 09, 2020
Tim Hortons' sustainability team is working to make sure all the Roll Up the Rim cups are collected and recycled appropriately. The decision complicates the company's revamped Roll Up the Rim contest , which begins next week. In Canada, 57 cases have been reported so far, with no deaths as of yet. Tim Hortons also said that it is sourcing extra gloves, hand sanitization gel and other cleaning materials "should we need them in the coming months". (more...)
Apple follows in Microsoft's footsteps, tells staff to Work From Home
- March 08, 2020
Apple has sent out a work-from-home recommendation to all of its Cupertino-based employees due to fears of the growing coronavirus outbreak in the United States. Try to find ways to give people more physical space so that they aren't in close contact as much as possible. The county has also advised employers to urge workers to take leaves when they are unwell and maximize the benefits related to sick leaves. (more...)
- March 08, 2020
Apple has sent out a work-from-home recommendation to all of its Cupertino-based employees due to fears of the growing coronavirus outbreak in the United States. Try to find ways to give people more physical space so that they aren't in close contact as much as possible. The county has also advised employers to urge workers to take leaves when they are unwell and maximize the benefits related to sick leaves. (more...)
Twin Falls Starbucks Reusable Cups Discouraged Due To Coronavirus
- March 08, 2020
A Sydney cafe has banned customers from using reusable cups in a bid to stop the spread of the coronavirus . Since 1985, eco-conscious Starbucks has been rewarding customers with a discount when they bring in their personal tumblers. (more...)
- March 08, 2020
A Sydney cafe has banned customers from using reusable cups in a bid to stop the spread of the coronavirus . Since 1985, eco-conscious Starbucks has been rewarding customers with a discount when they bring in their personal tumblers. (more...)
Facebook : Closes London Offices After Visit From Employee With Virus
- March 08, 2020
Facebook has shut down one of it offices in London after one of it workers tested positive for coronavirus . The spokesperson from Facebook said that the affected employee of the company visited London's offices between February 24 and 26. (more...)
- March 08, 2020
Facebook has shut down one of it offices in London after one of it workers tested positive for coronavirus . The spokesperson from Facebook said that the affected employee of the company visited London's offices between February 24 and 26. (more...)
How major U.S. stock indexes fared Friday
- March 08, 2020
Since its record closing high on Feb 19, the benchmark index has lost more than 12 per cent, wiping out US$3.43 trillion from its market capitalisation, according to S&P Dow Jones Indices. Bureau of Labor Statistics reported Friday. That pressured rate-sensitive bank stocks, with the S&P financial index nursing some of the biggest losses among the major sub-sectors. (more...)
- March 08, 2020
Since its record closing high on Feb 19, the benchmark index has lost more than 12 per cent, wiping out US$3.43 trillion from its market capitalisation, according to S&P Dow Jones Indices. Bureau of Labor Statistics reported Friday. That pressured rate-sensitive bank stocks, with the S&P financial index nursing some of the biggest losses among the major sub-sectors. (more...)
HSBC evacuates London office after coronavirus scare
- March 08, 2020
The HSBC research center in London's business hub Canary Wharf was evacuated Thursday afternoon after an employee was confirmed to have coronavirus . Goldman Sachs has been testing a back-up site in Croydon, south London, and Citi has been preparing an office in Lewisham, southeast London, sources familiar with the matter said. (more...)
- March 08, 2020
The HSBC research center in London's business hub Canary Wharf was evacuated Thursday afternoon after an employee was confirmed to have coronavirus . Goldman Sachs has been testing a back-up site in Croydon, south London, and Citi has been preparing an office in Lewisham, southeast London, sources familiar with the matter said. (more...)
KS unemployment rate steady, increase in jobs seen in Labor Market Report
- March 08, 2020
In this November 2, 2017, photo, a recruiter in the shale gas industry, left, speaks with an attendee of a job fair in Cheswick, Pa. Hiring in the United States jumped in February 2020 as employers added a robust 273,000 jobs, evidence that the economy was in strong shape before the coronavirus began to sweep through the nation. (more...)
- March 08, 2020
In this November 2, 2017, photo, a recruiter in the shale gas industry, left, speaks with an attendee of a job fair in Cheswick, Pa. Hiring in the United States jumped in February 2020 as employers added a robust 273,000 jobs, evidence that the economy was in strong shape before the coronavirus began to sweep through the nation. (more...)
Prosecutor Freezes Assets of Twenty Lebanese Banks
- March 07, 2020
The central bank said foreign currency dealers should refrain from any trade that did not stick to this percentage it had set. Key members of the political and banking elite in the tiny Mediterranean country said they were "unanimously stand by the government in any decision it takes in managing the debt with the exception of paying back maturing debts". (more...)
- March 07, 2020
The central bank said foreign currency dealers should refrain from any trade that did not stick to this percentage it had set. Key members of the political and banking elite in the tiny Mediterranean country said they were "unanimously stand by the government in any decision it takes in managing the debt with the exception of paying back maturing debts". (more...)
Aussie toilet paper tussle sparks call for calm
- March 07, 2020
A shopper involved in the fracas says to another woman at the helm of the overflowing trolley that she just wants one pack. Bankstown Police mentioned they're seeking to determine two of the women, having already spoken to a 49-year-old girl concerning the incident. (more...)
- March 07, 2020
A shopper involved in the fracas says to another woman at the helm of the overflowing trolley that she just wants one pack. Bankstown Police mentioned they're seeking to determine two of the women, having already spoken to a 49-year-old girl concerning the incident. (more...)
United States trade deficit narrows in January as imports decline
- March 07, 2020
Chinese exports recorded a sharp decline in the first two months of the year, under the weight of fears of the emerging Corona virus, which paralyzed economic activity and hindered the supply chain in the world. Trade added 1.5 percentage points to GDP growth in the fourth quarter, exceeding the 1.17 percentage points contribution from consumer spending, which accounts for more than two-thirds of US economic activity. (more...)
- March 07, 2020
Chinese exports recorded a sharp decline in the first two months of the year, under the weight of fears of the emerging Corona virus, which paralyzed economic activity and hindered the supply chain in the world. Trade added 1.5 percentage points to GDP growth in the fourth quarter, exceeding the 1.17 percentage points contribution from consumer spending, which accounts for more than two-thirds of US economic activity. (more...)
Olive Garden slammed after manager grants 'racist' customer's request
- March 07, 2020
Hostess Amira Donahue , 16, tells WEHT that a white female customer requested hot water during Saturday's dinner rush before demanding that she be attended not by the black server assigned to her, but by one of her white co-workers. Two women said they were racially profiled at an Applebee's restaurant. The woman was seated with a black server but asked a manager if she could have a white server instead. (more...)
- March 07, 2020
Hostess Amira Donahue , 16, tells WEHT that a white female customer requested hot water during Saturday's dinner rush before demanding that she be attended not by the black server assigned to her, but by one of her white co-workers. Two women said they were racially profiled at an Applebee's restaurant. The woman was seated with a black server but asked a manager if she could have a white server instead. (more...)
United States jobs report: Economy adds 273K jobs, unemployment at 3.5 percent
- March 06, 2020
The unemployment rate ticked back down to 3.5 percent, matching a 50-year low. The report reflected a second-straight month of robust government hiring , which rose by 45,000 after a 51,000 gain in January, owing to employment at state and local governments. (more...)
- March 06, 2020
The unemployment rate ticked back down to 3.5 percent, matching a 50-year low. The report reflected a second-straight month of robust government hiring , which rose by 45,000 after a 51,000 gain in January, owing to employment at state and local governments. (more...)
Wall Street to open sharply lower as virus fears shut down California
- March 06, 2020
The yield on the 10-year Treasury word fell to 0.91%. This unnerving volatility extended into this week with a rally Monday, a correction Tuesday followed by a sharp rally Wednesday. "In terms of duration, just two weeks in, it is much too early to declare this episode as being done". The expanding health crisis kept investors on edge as global cases of the coronavirus infections surpassed 100,000 with at least 3,383 deaths around the world. (more...)
- March 06, 2020
The yield on the 10-year Treasury word fell to 0.91%. This unnerving volatility extended into this week with a rally Monday, a correction Tuesday followed by a sharp rally Wednesday. "In terms of duration, just two weeks in, it is much too early to declare this episode as being done". The expanding health crisis kept investors on edge as global cases of the coronavirus infections surpassed 100,000 with at least 3,383 deaths around the world. (more...)
Microsoft confirms that two of their employees have been diagnosed with Coronavirus
- March 06, 2020
The company recently started encouraging employees to work from home , for example. Talking to CNBC , the company confirmed that two employees at Puget Sound, which houses the main Redmond HQ, have tested positive. Further, the company also directed its employees to postpone any business travel to any area, from where confirmed cases of coronavirus have been reported, "unless such travel is absolutely essential for Microsoft.' The employees, it said, were not required to travel if they ... (more...)
- March 06, 2020
The company recently started encouraging employees to work from home , for example. Talking to CNBC , the company confirmed that two employees at Puget Sound, which houses the main Redmond HQ, have tested positive. Further, the company also directed its employees to postpone any business travel to any area, from where confirmed cases of coronavirus have been reported, "unless such travel is absolutely essential for Microsoft.' The employees, it said, were not required to travel if they ... (more...)
Dow Jones drops over 3% on virus fears, travel shares slammed
- March 06, 2020
US stocks and bond yields dropped Thursday, erasing most of the previous days' gains and signaling renewed anxiety of the coronavirus outbreak. The Dow Jones Industrial Average fell 1010.46 points, or 3.73 per cent, to 26,080.4, the S&P 500 lost 114.57 points, or 3.66 per cent, to 3015.55 and the Nasdaq Composite dropped 288.07 points, or 3.19 per cent, to 8730.02. (more...)
- March 06, 2020
US stocks and bond yields dropped Thursday, erasing most of the previous days' gains and signaling renewed anxiety of the coronavirus outbreak. The Dow Jones Industrial Average fell 1010.46 points, or 3.73 per cent, to 26,080.4, the S&P 500 lost 114.57 points, or 3.66 per cent, to 3015.55 and the Nasdaq Composite dropped 288.07 points, or 3.19 per cent, to 8730.02. (more...)
OPEC pushes Russia for deep output cuts amid virus outbreak
- March 06, 2020
Now, the group wants to cut further and for longer. "An agreement to reduce the OPEC + group output level by at least one million barrels per day is imperative; otherwise oil prices will re-visit the recent lows and possibly break below them", said analyst Tamas Varga of PVM Oil Associates. (more...)
- March 06, 2020
Now, the group wants to cut further and for longer. "An agreement to reduce the OPEC + group output level by at least one million barrels per day is imperative; otherwise oil prices will re-visit the recent lows and possibly break below them", said analyst Tamas Varga of PVM Oil Associates. (more...)
Euro, yen gain as dollar's rate advantage evaporates
- March 06, 2020
Markets now bet the Federal Reserve will have to cut rates by 50 basis points for a second time this month. The index has accelerated the downside in the last couple of sessions pari passu with increasing speculations of another 50 bps interest rate cut by the Federal Reserve at its meeting on March 17-18. (more...)
- March 06, 2020
Markets now bet the Federal Reserve will have to cut rates by 50 basis points for a second time this month. The index has accelerated the downside in the last couple of sessions pari passu with increasing speculations of another 50 bps interest rate cut by the Federal Reserve at its meeting on March 17-18. (more...)
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