Money
President Donald Trump 'has seen evidence' coronavirus came from Wuhan laboratory
- May 02, 2020
Asked late Thursday if he has seen evidence from USA intelligence officials that COVID-19 came from the Wuhan Institute of Virology , the president replied, "Yes, yes I have", though he declined to share any details. Secretary of State Mike Pompeo similarly alleged that the WHO had misled the world on coronavirus. "We know that there is the Wuhan Institute of Virology just a handful of miles away from where the wet market was", Mr Pompeo said two weeks ago. (more...)
- May 02, 2020
Asked late Thursday if he has seen evidence from USA intelligence officials that COVID-19 came from the Wuhan Institute of Virology , the president replied, "Yes, yes I have", though he declined to share any details. Secretary of State Mike Pompeo similarly alleged that the WHO had misled the world on coronavirus. "We know that there is the Wuhan Institute of Virology just a handful of miles away from where the wet market was", Mr Pompeo said two weeks ago. (more...)
US Fed expanding Main Street loan program to aid more firms
- May 02, 2020
That's because the Fed has an inherent conflict in this and other bank lending programs: It is a regulator that routinely scrutinizes how banks categorize loans in terms of performance and yet now it is becoming a stakeholder in a large-scale loan program. (more...)
- May 02, 2020
That's because the Fed has an inherent conflict in this and other bank lending programs: It is a regulator that routinely scrutinizes how banks categorize loans in terms of performance and yet now it is becoming a stakeholder in a large-scale loan program. (more...)
US Intel Community: COVID-19 spread naturally
- May 02, 2020
Speaking to reporters on Thursday, Trump said that he was confident COVID-19 originated from the Wuhan Institute of Virology , adding that Washington was "looking at it very, very strongly". Among the other ideas under consideration for retaliation against China are sanctions, new nontariff trade restrictions and a possible effort to lift China's sovereign immunity, two sources familiar with the matter said. (more...)
- May 02, 2020
Speaking to reporters on Thursday, Trump said that he was confident COVID-19 originated from the Wuhan Institute of Virology , adding that Washington was "looking at it very, very strongly". Among the other ideas under consideration for retaliation against China are sanctions, new nontariff trade restrictions and a possible effort to lift China's sovereign immunity, two sources familiar with the matter said. (more...)
Crude oil futures up 17.34%, WTI surges above $20 per barrel
- May 01, 2020
US West Texas Intermediate (WTI) crude climbed to $17.30 a barrel, up 14.9%, or $2.24. Brent rose 12% and USA crude gained 25%. Brent for July delivery gained 2.4 per cent to US$27.12 on its first day of trading, with the June contract closing without any of the flurry of selling suffered by USA oil two weeks ago. (more...)
- May 01, 2020
US West Texas Intermediate (WTI) crude climbed to $17.30 a barrel, up 14.9%, or $2.24. Brent rose 12% and USA crude gained 25%. Brent for July delivery gained 2.4 per cent to US$27.12 on its first day of trading, with the June contract closing without any of the flurry of selling suffered by USA oil two weeks ago. (more...)
Tesla shares tumble after Elon Musk tweets they're too expensive
- May 01, 2020
Now, he gladly tweets that everyone appears to be on the same page. Mr Musk has recently repeatedly called upon United States authorities to end social distancing restrictions, this week calling enforced stay-at-home measures "fascist". (more...)
- May 01, 2020
Now, he gladly tweets that everyone appears to be on the same page. Mr Musk has recently repeatedly called upon United States authorities to end social distancing restrictions, this week calling enforced stay-at-home measures "fascist". (more...)
Dow, S&P close down 1 percent, still report best month since 1987
- May 01, 2020
It was the biggest loss for the US stock market in more than a week, but just a wiggle within the S&P 500's 12.7% gain for April, its best month in decades. Over the past 12 months, the S&P is down 2.6 percent. On Thursday, the Labor Department's report showed initial unemployment claims totaled 3.84 million for the week ended April 25, a day after data confirmed the biggest contraction for the United States economy in the first quarter since the Great Recession. (more...)
- May 01, 2020
It was the biggest loss for the US stock market in more than a week, but just a wiggle within the S&P 500's 12.7% gain for April, its best month in decades. Over the past 12 months, the S&P is down 2.6 percent. On Thursday, the Labor Department's report showed initial unemployment claims totaled 3.84 million for the week ended April 25, a day after data confirmed the biggest contraction for the United States economy in the first quarter since the Great Recession. (more...)
McDonald's carries out tests in preparation to reopen restaurants
- May 01, 2020
However, it's been announced by the chain that they will begin to open back stores soon with new safety precautions in place to protect against coronavirus . The UK restaurant where the testing is taking place remains closed to the public. Mr Pomroy said the business was "carrying out some operational tests" including exploring social distancing measures for staff and options for PPE, personal protective equipment. (more...)
- May 01, 2020
However, it's been announced by the chain that they will begin to open back stores soon with new safety precautions in place to protect against coronavirus . The UK restaurant where the testing is taking place remains closed to the public. Mr Pomroy said the business was "carrying out some operational tests" including exploring social distancing measures for staff and options for PPE, personal protective equipment. (more...)
Amazon Q1 2020 Earnings: Roaring Sales Overshadowed By Coronavirus Costs
- May 01, 2020
Amazon sees second-quarter sales $75-$81 billion. Amazon's first-quarter sales were up 26% year over year to $75.5 billion. Analysts surveyed by FactSet had estimated $6.23 a share on revenue of $73.7 billion on average. The company is increasing investments because of the novel coronavirus in a similar way, said Kim Khan, US markets analyst at Investing.com. "They did not impact Q1 business because essentially led to the closure of our French fulfillment centers in the middle of ... (more...)
- May 01, 2020
Amazon sees second-quarter sales $75-$81 billion. Amazon's first-quarter sales were up 26% year over year to $75.5 billion. Analysts surveyed by FactSet had estimated $6.23 a share on revenue of $73.7 billion on average. The company is increasing investments because of the novel coronavirus in a similar way, said Kim Khan, US markets analyst at Investing.com. "They did not impact Q1 business because essentially led to the closure of our French fulfillment centers in the middle of ... (more...)
Oil prices grow as historic OPEC+ production cut deal comes into effect
- May 01, 2020
This led to a dramatic price crash last month, during which Brent crude had plummeted to its lowest level since 1999. The Organization of Petroleum Exporting Countries ( OPEC ), Russia and other allied producers, a group known as OPEC+, agreed this month to cut their combined production by a record 9.7 million bpd, starting from May 1. (more...)
- May 01, 2020
This led to a dramatic price crash last month, during which Brent crude had plummeted to its lowest level since 1999. The Organization of Petroleum Exporting Countries ( OPEC ), Russia and other allied producers, a group known as OPEC+, agreed this month to cut their combined production by a record 9.7 million bpd, starting from May 1. (more...)
How to track the status of your stimulus check payment
- May 01, 2020
The IRS is sending out payments to individuals who filed their taxes in 2018 and 2019. I've since learned the IRS announced it made adjustments to its 'Get My Payment' tool . The IRS has already sent stimulus check payments of up to $1,200 via direct deposit to the bank accounts of some 120 million Americans, while the first wave of paper stimulus payments have also been mailed out. (more...)
- May 01, 2020
The IRS is sending out payments to individuals who filed their taxes in 2018 and 2019. I've since learned the IRS announced it made adjustments to its 'Get My Payment' tool . The IRS has already sent stimulus check payments of up to $1,200 via direct deposit to the bank accounts of some 120 million Americans, while the first wave of paper stimulus payments have also been mailed out. (more...)
30 million Americans have filed for unemployment since the COVID-19 outbreak
- May 01, 2020
The number of new claims fell for the third consecutive week but it remains at a historic level. "You will be paid all the benefits for which you are eligible". Each state saw jobless claims spike almost 5,000% versus the week ending March 14. Some claims still are being processed to obtain missing information and some are being adjudicated. (more...)
- May 01, 2020
The number of new claims fell for the third consecutive week but it remains at a historic level. "You will be paid all the benefits for which you are eligible". Each state saw jobless claims spike almost 5,000% versus the week ending March 14. Some claims still are being processed to obtain missing information and some are being adjudicated. (more...)
Austerity measures at RIL as covid saps oil demand
- May 01, 2020
In a submitting submitted to the exchanges, which additionally talked about the corporate's fourth quarter earnings, RIL said: "As well as, the Board permitted Mukesh Ambani's proposal to forego his complete wage till the impression of Covid-19 abates". (more...)
- May 01, 2020
In a submitting submitted to the exchanges, which additionally talked about the corporate's fourth quarter earnings, RIL said: "As well as, the Board permitted Mukesh Ambani's proposal to forego his complete wage till the impression of Covid-19 abates". (more...)
Greggs and Burger King to reopen some stores
- May 01, 2020
Greggs, which employs more than 25,000 staff across more than 2,050 retail outlets, will carry out a controlled trial in 20 shops in the Newcastle area with retail volunteers from the business providing feedback on what operational changes need to be made. (more...)
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- May 01, 2020
Greggs, which employs more than 25,000 staff across more than 2,050 retail outlets, will carry out a controlled trial in 20 shops in the Newcastle area with retail volunteers from the business providing feedback on what operational changes need to be made. (more...)
Ryanair weighs 3,000 job cuts as crisis bites
- May 01, 2020
As part of a programme of sweeping cost cuts, Ryanair said it could close a number of bases across Europe until air travel recovers. It expects to operate just 1pc of its scheduled flights from April to June, but is still hopeful of a "likely return to services" in the summer months, its peak trading season. (more...)
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- May 01, 2020
As part of a programme of sweeping cost cuts, Ryanair said it could close a number of bases across Europe until air travel recovers. It expects to operate just 1pc of its scheduled flights from April to June, but is still hopeful of a "likely return to services" in the summer months, its peak trading season. (more...)
Oil Price Forecast: WTI extends Wednesday's double digit rally, trades above $16
- May 01, 2020
Overall fuel demand has dropped by 28 per cent in the last four weeks. U.S. crude oil inventories swelled by nine million barrels last week to 527.6 million barrels, about seven million barrels below their record high, the Energy Information Administration said. (more...)
- May 01, 2020
Overall fuel demand has dropped by 28 per cent in the last four weeks. U.S. crude oil inventories swelled by nine million barrels last week to 527.6 million barrels, about seven million barrels below their record high, the Energy Information Administration said. (more...)
Coronavirus UK - Furlough scheme extended to end of June
- May 01, 2020
There are hundreds of businesses in key industries whose operations have been curtailed but are still able (and required) to continue operating to keep vital supplies and services going. Find out more about furloughing and the Government's scheme by registering to hear from Sarah Turnball, Head of HR at Propertymark where she looks at furloughing rules and expands as the legislation as the details continue to evolve in our recent What furloughing means for your business webinar. (more...)
- May 01, 2020
There are hundreds of businesses in key industries whose operations have been curtailed but are still able (and required) to continue operating to keep vital supplies and services going. Find out more about furloughing and the Government's scheme by registering to hear from Sarah Turnball, Head of HR at Propertymark where she looks at furloughing rules and expands as the legislation as the details continue to evolve in our recent What furloughing means for your business webinar. (more...)
Saudi Arabia Raises Government Spending to $60 Billion in Q1 2020
- May 01, 2020
The Saudi Finance Ministry, in a statement published on its website, revealed that total revenues dropped 24 percent to 192 billion riyals, mainly driven down by slumping global crude demand and prices as the coronavirus outbreak paralyzed large parts of the global economy. (more...)
- May 01, 2020
The Saudi Finance Ministry, in a statement published on its website, revealed that total revenues dropped 24 percent to 192 billion riyals, mainly driven down by slumping global crude demand and prices as the coronavirus outbreak paralyzed large parts of the global economy. (more...)
US GDP contracts 4.8% in first quarter
- May 01, 2020
The Congressional Budget Office has estimated that GDP will plunge in the current quarter by a 40% annual rate. Economists polled by The Wall Street Journal had forecasts a 5.0% contraction. Fed officials were wrapping up a two-day policy meeting on Wednesday. "There was little good news in the underlying data, and the contraction that occurred in the first quarter is just a hint at what is to come in Q2", Jay H. (more...)
- May 01, 2020
The Congressional Budget Office has estimated that GDP will plunge in the current quarter by a 40% annual rate. Economists polled by The Wall Street Journal had forecasts a 5.0% contraction. Fed officials were wrapping up a two-day policy meeting on Wednesday. "There was little good news in the underlying data, and the contraction that occurred in the first quarter is just a hint at what is to come in Q2", Jay H. (more...)
California gig workers, self-employed can file for unemployment under state program
- May 01, 2020
With funding from last month's federal CAREs act, OR instituted the PUA program to help those that aren't normally covered for unemployment insurance. Scheduled to begin a job, but is now unable to do so because of COVID-19. That left thousands of workers without benefits during the first weeks of the pandemic. (more...)
- May 01, 2020
With funding from last month's federal CAREs act, OR instituted the PUA program to help those that aren't normally covered for unemployment insurance. Scheduled to begin a job, but is now unable to do so because of COVID-19. That left thousands of workers without benefits during the first weeks of the pandemic. (more...)
Almost 4 million more Americans file for unemployment
- May 01, 2020
By contrast, about 200,000 new claims were filed per week in January and February before the impact of the crisis arrived in the United States. Ongoing claims, which show how many people continued to seek more than one week of support, totaled 528,178 in MA through April 18, according to Thursday's report. (more...)
- May 01, 2020
By contrast, about 200,000 new claims were filed per week in January and February before the impact of the crisis arrived in the United States. Ongoing claims, which show how many people continued to seek more than one week of support, totaled 528,178 in MA through April 18, according to Thursday's report. (more...)
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