Money


Instacart to hire 250000 new shoppers; adds new safety measures Instacart to hire 250000 new shoppers; adds new safety measures
- April 27, 2020

Between rapidly increasing customer demand and the required self-isolation period for COVID-19 patients, the online grocery delivery service has been forced to hire 250,000 more full-service shoppers-one month after bringing in 300,000 additional recruits . (more...)
Coronavirus: Situation in Europe is improving Coronavirus: Situation in Europe is improving
- April 27, 2020

Italy was entering an era "of responsibility and coexistence with the virus", Conte told the nation in a televised address. Prime Minister Giuseppe Conte has clarified that the government intends to start lifting the nationwide lockdown "gradually", respecting all the necessary precautions in terms of social distancing to keep the contagion curve under control. (more...)
Oil heads for another weekly slide on coronavirus turmoil Oil heads for another weekly slide on coronavirus turmoil
- April 27, 2020

China's March crude oil imports rose 4.5% year on year to 9.68 million barrels per day (bpd) as refiners stocked up on cheaper cargoes despite falling domestic fuel demand and cuts in refining rates due to the impact the COVID-19 pandemic . (more...)
Franklin Templeton issue: Chidambaram urges govt to 'act promptly' Franklin Templeton issue: Chidambaram urges govt to 'act promptly'
- April 27, 2020

His remarks came two days after Franklin Templeton Mutual Fund voluntarily made a decision to wind up its six debt schemes due to liquidity issues amid the coronavirus crisis. The trustee or the people authorised by it will continue to realise or dispose-off the assets of the schemes in the best interest of the unitholders. (more...)
Half of Middlesex-London COVID-19 deaths in seniors' facilities Half of Middlesex-London COVID-19 deaths in seniors' facilities
- April 27, 2020

Most of the latest cases are from a nursing home in Plantagenet where eight residents and two staff tested positive (in addition to a previous positive staff member). "At this time, it is critical the dedicated and hard-working staff in these homes operate in an environment free from outside distractions so they can focus on saving lives and delivering quality care to their residents". (more...)
Price of Gas Falls Below $2 a Gallon in Hellertown Area
- April 27, 2020

On April 19 , two stations in Wautoma lowered their prices to less than 90 cents per gallon. Even some places in California, which usually has the highest gas prices in the continental United States, are selling a gallon for less than $2, according to Bay Area station KPIX . (more...)
COVID: Federal commercial rent-relief program helps, but businesses worry about gaps COVID: Federal commercial rent-relief program helps, but businesses worry about gaps
- April 27, 2020

Eligible commercial property owners that are experiencing rent shortfalls because their small business tenants have been heavily impacted will be able to access forgivable loans through the OCECRA. "They may choose to ignore it, even if their tenants badly need it". Some businesses suggested it may not be enough anyway. The provincial government's investment in this plan is part of their larger approach to supporting businesses throughout the pandemic, called Ontario's Action Plan: ... (more...)
Shutdown of second Alberta meat plant with COVID-19 cases inevitable: union Shutdown of second Alberta meat plant with COVID-19 cases inevitable: union
- April 26, 2020

Bruett said the facility has brought in safety measures, including temperature testing for all workers entering the plant, providing and requiring face masks and physical partitioning on production lines. Edgar Fields, president of the Southeast Council of the Retail, Wholesale and Department Store Union, which represents thousands of poultry workers, said it's hard to know if the precautions will protect workers. (more...)
IRS: Nearly 1.8 million Missourians have received stimulus checks IRS: Nearly 1.8 million Missourians have received stimulus checks
- April 26, 2020

Get the entire 10-part series on Ray Dalio in PDF. More than 88 million people already received payments totaling $125 billion in the program's first three weeks, according to an IRS statement Friday. The stimulus payment website launched April 15. You are not alone if you are exhausted of hitting the "Get My Payment" button on the IRS' website to see the status of your economic impact payment. (more...)
Started largest for 20 years, upgrading Wi-Fi
- April 26, 2020

According to a recent announcement, the Federal Communications Commission ( FCC ) has chose to make 1200 megahertz of unlicensed spectrum in 6 GHz available for Wi-Fi. Under its official name IEEE 802.11ax, Wi-Fi 6 was developed by the Wi-Fi Alliance, and is the successor to the six-year-old Wi-Fi 5. "Now you're getting this nice clean spectrum in 6 GHz", which provides unique benefits, including seven new super-wide channels. (more...)
Oil heads for third straight weekly slide Oil heads for third straight weekly slide
- April 26, 2020

West Texas Intermediate falling into negative territory to minus $37.63 a barrel on Monday, while Brent fell to a two-decade low. "After the price crash earlier this week, which seems to have made every person on the planet aware of the problems in the oil market, several relevant announcements of active crude production shut-ins have made the rounds", JBC Energy said. (more...)
The number of people seeking unemployment locally continues to decrease The number of people seeking unemployment locally continues to decrease
- April 26, 2020

Bryson said he believes the U.S.is past the peak in initial claims "for the foreseeable future", but "if we open up too soon and this coronavirus comes roaring back then we may in fact see those sorts of numbers again". Those figures are reported with a one-week lag. On M arch 27, Congress passed the Cares Act including Pandemic Unemployment Assistance, for people like Garcia, the self-employed or gig workers, people who can't work because of COVID-19. (more...)
Oil rallies after Opec speeds up output cuts Oil rallies after Opec speeds up output cuts
- April 26, 2020

Oil prices have had one of their most tumultuous weeks ever. West Texas Intermediate crude oil gained 30%, or $4.18, to trade at $17.96 per barrel, while worldwide benchmark Brent crude , rallied 11.8% higher at $22.79 per barrel. The Gulf is a major gateway for oil to reach worldwide markets, and previous spikes in tensions between USA and Iranian vessels have seen crude prices similarly surge higher. (more...)
Dow Snaps Two-Week Rally Despite Strong End to Week on Tech Dow Snaps Two-Week Rally Despite Strong End to Week on Tech
- April 26, 2020

The Dow Jones Industrial Average climbed 456.94, or 2%, to 23,475.82, and the Nasdaq composite picked up 232.15, or 2.8%, to 8,495.38. Facebook (NASDAQ:) closed 2.7% higher after rolling out a group video chat feature called Messenger Rooms as the social media giant looks to cash in on the ramp-up in demand for video conferences amid lockdown measures. (more...)
Canada Post says it's seeing Christmas-level volumes amid the pandemic Canada Post says it's seeing Christmas-level volumes amid the pandemic
- April 25, 2020

Canada Post is letting its customers know that the process and delivery of parcels throughout the country has entered Christmas-esque levels, akin to their "busiest weeks" of the year. "Those measures include physical distancing in facilities that were never designed for keeping people two metres apart", administration wrote in an announcement. (more...)
COVID-19 impact: OYO cuts fixed pay of India employees by 25% COVID-19 impact: OYO cuts fixed pay of India employees by 25%
- April 25, 2020

On April 8, while announcing furloughs for employees across the globe and referring to the government advisories in India on pay cuts and layoffs, Oyo founder Ritesh Agarwal had said given the government advisories in India, it remains committed to ensuring that all employees in India get salary and benefits during the ongoing lockdown which was scheduled till April 14 and got extended till May 3. (more...)
Brazil's Bolsonaro denies accusation of interference in Federal Police Brazil's Bolsonaro denies accusation of interference in Federal Police
- April 25, 2020

Mr Moro is one of the president's most popular ministers. Brazil's government has been plunged into turmoil after the resignation of one of Jair Bolsonaro's most powerful minsters sparked protests, calls for the president's impeachment and an investigation into claims he had improperly interfered in the country's federal police. (more...)
Trudeau announces $1.1 billion to go to vaccine development and case tracking Trudeau announces $1.1 billion to go to vaccine development and case tracking
- April 25, 2020

Launching in mid-May, the CECRA will see B.C. small businesses receive a total of over $300 million in federal-provincial relief, with B.C. contributing an estimated $80 million. "It's a big universe and we'd expect that most landlords would want to take this up". Some businesses suggested it may not be enough anyway. "They may choose to ignore it, even if their tenants badly need it". (more...)
World Health Organization prematurely publishes remdesivir results World Health Organization prematurely publishes remdesivir results
- April 25, 2020

Gilead experts saw the results from its open-label study of remdesivir in patients with severe cases of COVID-19 at the end of April and the company expects data from a study looking at the drug in patients with moderate COVID-19 cases at the end of May. (more...)
Trump signs 484-bln-USD relief bill to aid small businesses, hospitals Trump signs 484-bln-USD relief bill to aid small businesses, hospitals
- April 25, 2020

The $484 billion bill is the fourth large coronavirus deal and revives the Small Business Administration's Paycheck Protection Program , which ran out of funds last week . The aid will support the Paycheck Protection Program , economic injury disaster loans and emergency grants, according to an analysis from the National Automatic Merchandising Association. (more...)

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