Money
Trump says coronavirus relief bill will boost economy to pre-pandemic level
- March 24, 2020
While Fox News is known as the home to such pro-Trump hosts as Sean Hannity and Laura Ingraham, Tuesday's town hall was held by Bill Hemmer and Harris Faulkner , two anchors the network bills as members of a supposedly fearless and hard-hitting news division. (more...)
- March 24, 2020
While Fox News is known as the home to such pro-Trump hosts as Sean Hannity and Laura Ingraham, Tuesday's town hall was held by Bill Hemmer and Harris Faulkner , two anchors the network bills as members of a supposedly fearless and hard-hitting news division. (more...)
Wall Street surges on hopes of $2 trillion rescue package
- March 24, 2020
The S&P 500 was up 6.1%, shortly after 2 p.m. North American stocks jumped at the open on Tuesday as signs that Washington was nearing a deal on a $2-trillion rescue package for the coronavirus emergency gave a shot of optimism to markets reeling under the biggest selloff since the global financial crisis. (more...)
- March 24, 2020
The S&P 500 was up 6.1%, shortly after 2 p.m. North American stocks jumped at the open on Tuesday as signs that Washington was nearing a deal on a $2-trillion rescue package for the coronavirus emergency gave a shot of optimism to markets reeling under the biggest selloff since the global financial crisis. (more...)
Sensex records worst day in history, crashes 3,934 points
- March 24, 2020
The Nifty50 on the National Stock Exchange also lost over 900 points to trade below the 8,000 mark. Top losers in the Sensex pack included IndusInd Bank, Titan, L&T, Tata Steel, Asian Paint and ICICI Bank, while HCL Tech, HUL, Infosys and Tech Mahindra were the gainers. (more...)
- March 24, 2020
The Nifty50 on the National Stock Exchange also lost over 900 points to trade below the 8,000 mark. Top losers in the Sensex pack included IndusInd Bank, Titan, L&T, Tata Steel, Asian Paint and ICICI Bank, while HCL Tech, HUL, Infosys and Tech Mahindra were the gainers. (more...)
Pope Francis to lead prayers in response to Covid-19 pandemic
- March 24, 2020
The Pope also announced that on the following Friday, 27 March, he will preside over a moment of prayer on the sagrato of St Peter's Basilica, the platform at the top of the steps immediately in front of the façade of the Church. "Let us pray today for those persons who are beginning to experience economic problems because of the pandemic, because they can not work", he said in his prayer intention. (more...)
- March 24, 2020
The Pope also announced that on the following Friday, 27 March, he will preside over a moment of prayer on the sagrato of St Peter's Basilica, the platform at the top of the steps immediately in front of the façade of the Church. "Let us pray today for those persons who are beginning to experience economic problems because of the pandemic, because they can not work", he said in his prayer intention. (more...)
U.S. senators quiz Amazon on COVID-19
- March 24, 2020
It's uncertain what role, if any, the coronavirus played in Bezos's decision to sell about 3 percent of his Amazon stake before the crisis became a pandemic that has effectively kneecapped the world economy. "We hope people who've been laid off will come work with us until they're able to go back to the jobs they had". "There is no instruction manual for how to feel at a time like this, and I know this causes stress for everyone,"he said". (more...)
- March 24, 2020
It's uncertain what role, if any, the coronavirus played in Bezos's decision to sell about 3 percent of his Amazon stake before the crisis became a pandemic that has effectively kneecapped the world economy. "We hope people who've been laid off will come work with us until they're able to go back to the jobs they had". "There is no instruction manual for how to feel at a time like this, and I know this causes stress for everyone,"he said". (more...)
Worst reading ever for Eurozone economy on harsh virus impact
- March 24, 2020
The UK composite PMI tumbled from a score of 53 to 37.1 in just a month but the closely watched survey was taken before the prime minister forced pubs, restaurants and shops to close to battle the coronavirus . Mirroring the emptying of supermarket shelves around the world, indebted corporates have rushed into money markets to hoard dollars, with a global shortage of dollar funding threatening to cripple firms from airlines to retailers. (more...)
- March 24, 2020
The UK composite PMI tumbled from a score of 53 to 37.1 in just a month but the closely watched survey was taken before the prime minister forced pubs, restaurants and shops to close to battle the coronavirus . Mirroring the emptying of supermarket shelves around the world, indebted corporates have rushed into money markets to hoard dollars, with a global shortage of dollar funding threatening to cripple firms from airlines to retailers. (more...)
UK: London commuters ‘ram-packed’ in Tube despite coronavirus lockdown
- March 24, 2020
But the trains were still crowded during rush hour despite Boris Johnson putting the United Kingdom on lockdown. "Seats on the train all had at least one person so people needed to stand, and the District line was busy as well", she said. (more...)
- March 24, 2020
But the trains were still crowded during rush hour despite Boris Johnson putting the United Kingdom on lockdown. "Seats on the train all had at least one person so people needed to stand, and the District line was busy as well", she said. (more...)
Oil falls more than US$1 as coronavirus spreads
- March 24, 2020
US gasoline futures fell more than 20 per cent to $0.4789 a gallon, the lowest on record. The market has had to contend with the twin shocks of the demand destruction caused by the coronavirus pandemic and the unexpected oil price war that erupted between producers Russian Federation and Saudi Arabia earlier this month. (more...)
- March 24, 2020
US gasoline futures fell more than 20 per cent to $0.4789 a gallon, the lowest on record. The market has had to contend with the twin shocks of the demand destruction caused by the coronavirus pandemic and the unexpected oil price war that erupted between producers Russian Federation and Saudi Arabia earlier this month. (more...)
US Fed expands bond purchases to unlimited amount amid virus shock
- March 24, 2020
In coming days, the Fed said , it will launch a program directly aimed at Main Street - to support loans to small businesses. The quantitative easing represents the greatest-ever expansion of the Fed's balance sheet. For the first time, the Fed will dip its toes into the corporate bond market by contributing to a lending facility that will be used to buy corporate bonds issued by highly rated companies. (more...)
- March 24, 2020
In coming days, the Fed said , it will launch a program directly aimed at Main Street - to support loans to small businesses. The quantitative easing represents the greatest-ever expansion of the Fed's balance sheet. For the first time, the Fed will dip its toes into the corporate bond market by contributing to a lending facility that will be used to buy corporate bonds issued by highly rated companies. (more...)
Coronavirus stimulus bill fails to pass in second vote
- March 24, 2020
Although Senate Democrats blocked a vote on a package sponsored by Majority Leader Mitch McConnell, R-Ky., a whole host of provisions benefiting banks, credit union and other financial firms appears still to be on the table in McConnell's plan and other proposals being floated on Capitol Hill. (more...)
- March 24, 2020
Although Senate Democrats blocked a vote on a package sponsored by Majority Leader Mitch McConnell, R-Ky., a whole host of provisions benefiting banks, credit union and other financial firms appears still to be on the table in McConnell's plan and other proposals being floated on Capitol Hill. (more...)
Boeing to suspend production in Seattle, Everett after worker dies of Coronavirus
- March 24, 2020
There were allegedly 31 cases of this disease throughout the company, with the first at its SC 787 factory Monday.Boeing said that workers who cannot continue to operate remotely will get paid leave for the 10 days of the suspension. " This necessary step protects our employees and the communities where they work and live ", he said in a statement. READ: Airbus test aircraft on COVID-19 mercy flights . (more...)
- March 24, 2020
There were allegedly 31 cases of this disease throughout the company, with the first at its SC 787 factory Monday.Boeing said that workers who cannot continue to operate remotely will get paid leave for the 10 days of the suspension. " This necessary step protects our employees and the communities where they work and live ", he said in a statement. READ: Airbus test aircraft on COVID-19 mercy flights . (more...)
Fed announces aggressive actions to boost liquidity amid virus turmoil
- March 23, 2020
The TALF will enable the issuance of securities backed by student loans, auto loans, credit card loans and loans guaranteed by the Small Business Administration. The Federal Reserve constructing pictured in Washington, U.S., July 16, 2018. Because the Fed does not have the authority to take on corporate bonds onto its balance sheet, it worked with the U.S. (more...)
- March 23, 2020
The TALF will enable the issuance of securities backed by student loans, auto loans, credit card loans and loans guaranteed by the Small Business Administration. The Federal Reserve constructing pictured in Washington, U.S., July 16, 2018. Because the Fed does not have the authority to take on corporate bonds onto its balance sheet, it worked with the U.S. (more...)
Petrol, diesel prices can be increased further
- March 23, 2020
According to the latest figures released by AA Ireland, the cost of petrol has significantly dropped in the last month due to the coronavirus pandemic and a decrease in crude oil prices. People are losing livelihood and jobs and BJP government is profiteering from the crash in crude oil prices by raising excise duties. The decrease in petrol prices is now at its lowest recorded since April 2016, with a further decrease in diesel prices now at their lowest recorded since September 2016. (more...)
- March 23, 2020
According to the latest figures released by AA Ireland, the cost of petrol has significantly dropped in the last month due to the coronavirus pandemic and a decrease in crude oil prices. People are losing livelihood and jobs and BJP government is profiteering from the crash in crude oil prices by raising excise duties. The decrease in petrol prices is now at its lowest recorded since April 2016, with a further decrease in diesel prices now at their lowest recorded since September 2016. (more...)
Florida Gas Prices Could Drop To $1.50 Or Less
- March 23, 2020
Gas prices have fallen well below $2 a gallon as Saudi Arabia ramps up production after failing to work out production cuts with Russian Federation. GasBuddy says a month ago they noticed the first signs of gas prices dropping and now prices across the country are remarkably low. (more...)
- March 23, 2020
Gas prices have fallen well below $2 a gallon as Saudi Arabia ramps up production after failing to work out production cuts with Russian Federation. GasBuddy says a month ago they noticed the first signs of gas prices dropping and now prices across the country are remarkably low. (more...)
Federal Reserve details new steps to stabilize economy amid coronavirus crisis
- March 23, 2020
This includes buying unlimited amounts of government debt. "The Federal Reserve will continue to purchase Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions", the Fed said in a statement . (more...)
- March 23, 2020
This includes buying unlimited amounts of government debt. "The Federal Reserve will continue to purchase Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions", the Fed said in a statement . (more...)
Coronavirus: Starbucks Canada switching to drive-thru, delivery only
- March 23, 2020
The company said on Sunday that employees who come and work their shifts through April 19 are eligible for "Starbucks Service Pay", worth an additional $3 an hour. "They filled in for each other at short-staffed nearby stores. They showed up for their communities", Johnson wrote. Starbucks, which owns nearly all United States stores, said its licensed partners would make independent decisions about whether to close their stores, but said it would pay all store partners for the next 30 days, ... (more...)
- March 23, 2020
The company said on Sunday that employees who come and work their shifts through April 19 are eligible for "Starbucks Service Pay", worth an additional $3 an hour. "They filled in for each other at short-staffed nearby stores. They showed up for their communities", Johnson wrote. Starbucks, which owns nearly all United States stores, said its licensed partners would make independent decisions about whether to close their stores, but said it would pay all store partners for the next 30 days, ... (more...)
Your Video Streaming Quality Could Soon Drop Due to the Coronavirus Outbreak
- March 23, 2020
Netflix , YouTube , Amazon Prime, and Dinsey+. "In Europe, for the next 30 days, within each category, we've simply removed the highest bandwidth streams..." The company has already taken actions for Italy and Spain, and Europe and the United Kingdom are next on their list to maintain their business model and help with quarantined individuals. (more...)
- March 23, 2020
Netflix , YouTube , Amazon Prime, and Dinsey+. "In Europe, for the next 30 days, within each category, we've simply removed the highest bandwidth streams..." The company has already taken actions for Italy and Spain, and Europe and the United Kingdom are next on their list to maintain their business model and help with quarantined individuals. (more...)
U.S. Crude Climbs After White House Comments On Saudi-Russia Dispute
- March 23, 2020
USA oil now trades at less than US$23 a barrel. "With other governments manipulating oil markets, it's fair to ask: Why shouldn't our government step in to try to reinstate a more market-based approach?" Ryan Sitton, one of three voting members of the Texas Railroad Commission, said in a Bloomberg Opinion column . (more...)
- March 23, 2020
USA oil now trades at less than US$23 a barrel. "With other governments manipulating oil markets, it's fair to ask: Why shouldn't our government step in to try to reinstate a more market-based approach?" Ryan Sitton, one of three voting members of the Texas Railroad Commission, said in a Bloomberg Opinion column . (more...)
McDonald's to close Irish restaurants
- March 23, 2020
McDonald's paid tribute to its employees "for their hard work during this incredibly challenging time". "We look forward to seeing you all again as soon as we can safely reopen". CEO of the Restaurants Association of Ireland, Adrian Cummins, said on social media that the Taoiseach has been notified of the development. He added: "We have not taken this decision lightly and know that our restaurants have been playing an important role in the community providing hundreds of thousands of free ... (more...)
- March 23, 2020
McDonald's paid tribute to its employees "for their hard work during this incredibly challenging time". "We look forward to seeing you all again as soon as we can safely reopen". CEO of the Restaurants Association of Ireland, Adrian Cummins, said on social media that the Taoiseach has been notified of the development. He added: "We have not taken this decision lightly and know that our restaurants have been playing an important role in the community providing hundreds of thousands of free ... (more...)
Coronavirus response includes $3,000 for average family of 4: Mnuchin
- March 23, 2020
House Speaker Nancy Pelosi told reporters there was "no deal" yet on the aid package aimed at boosting the US economy, the world's largest, by sending direct payments to more than 90% of Americans and a vast array of USA businesses to help them weather the immediate and burgeoning economic effects of the coronavirus. (more...)
- March 23, 2020
House Speaker Nancy Pelosi told reporters there was "no deal" yet on the aid package aimed at boosting the US economy, the world's largest, by sending direct payments to more than 90% of Americans and a vast array of USA businesses to help them weather the immediate and burgeoning economic effects of the coronavirus. (more...)
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Chancellor sets out new support measures in the ongoing Covid crisis