Monday September 21-st, 2020

McConnell defends crafting $1 trillion stimulus plan without Democrats McConnell defends crafting $1 trillion stimulus plan without Democrats

For each child, the amount received will be increased by $500. "We're in an unprecedented crisis, so we have to have big thinking", Tubbs said "This is a "New Deal" type moment, in terms of the recession that's bound to come from this public health...

Australia cuts benchmark interest rate to record low 0.25% Australia cuts benchmark interest rate to record low 0.25%

The central bank is also flagged to release other measures to support the economy. The Reserve Bank was also moving to instil more confidence with plans to buy up to $5 billion in Australian government bonds to cushion the economic shock from the c...

Sen. Burr Dumped Up to $1.7M in Stock Before Pandemic

Senate Financial Disclosures website as he was regularly being briefed on the rising threat of the virus. He reported no stock purchases. Mr. Burr made the stock sales shortly before giving a dire speech about the potential damage the coronavirus ...

Australia economy to get a $56 billion coronavirus protection injection Australia economy to get a $56 billion coronavirus protection injection

A target for the yield on 3-year Australian Government bonds of around 0.25 per cent.This will be achieved through purchases of Government bonds in the secondary market. The new rate is a record low, and the lowest the RBA has said it will go as it b...

No, Coronavirus Was Not Made in a Chinese Laboary, Claims Study No, Coronavirus Was Not Made in a Chinese Laboary, Claims Study

Citing an example, the researchers said, some coronaviruses from pangolins - armadillo-like mammals found in Asia and Africa - have an RBD structure very similar to that of SARS-CoV-2. The study's title, " Aerosol and Surface Stability of SARS-CoV-...

USA markets open in the red; Dow Jones down 0.42 percent USA markets open in the red; Dow Jones down 0.42 percent

The losses followed another brutal session on Wall Street that concluded with the Dow's first close below 20,000 since 2017. The Nasdaq Composite Index pulled back 344.94 points, or 4.70 percent, to 6,989.84. It was the second time this week th...

Marriott Begins Furloughing Employees Marriott Begins Furloughing Employees

Marriott said in a statement to CNN Business that its business has been "experiencing significant drops in demand" at its hotels because of the pandemic and is "adjusting global operations accordingly". Marriott's actions come during what hotel exec...

Gas Price Drops to 99 Cents, Sells out at Kentucky Station Gas Price Drops to 99 Cents, Sells out at Kentucky Station

According to GasBuddy , "a BP station in London, Kentucky, has lowered its price to 99 cents per gallon, according to a cashier who answered the phone and also GasBuddy users who reported the price to GasBuddy app". On the week, gas price averages ...

Coronavirus: Bank of England announces interest rate cut to record-low 0.1% Coronavirus: Bank of England announces interest rate cut to record-low 0.1%

The effects of the coronavirus , which has slowed down trade, crippling the economy and an oil price war all beg for a steeper rate cut. Governor Lesetja Kganyago on Thursday announced that the repo rate will be reduced by 100 basis points to 5.25...

Trump labels coronavirus 'Chinese' 3 times in an hour Trump labels coronavirus 'Chinese' 3 times in an hour

To wake up to your chaos is truly a nightmare. Powerful words. But sadly, it doesn't seem like Trump will ever "be better" about this. "How dare you. When asked directly about the phrase's impact on the Asian-American community, Trump dismissed t...

Australia and New Zealand closing borders to all non-residents Australia and New Zealand closing borders to all non-residents

Australia has introduced bans on gatherings in the same circumstances. Anybody who travels during a Level 4 ban is warned that the Australian government may not be able to assist if they get into trouble while overseas, according the government's...

European Central Bank to launch 750-bil. euro stimulus program European Central Bank to launch 750-bil. euro stimulus program

French President Emmanuel Macron said he fully supported the measure. The market jitters followed yet another volatile day on Wall Street on Wednesday, and the news that the New York Stock Exchange (NYSE) will shut down its trading floor and tempo...

Amazon shuts down NYC warehouse after worker tests positive for coronavirus Amazon shuts down NYC warehouse after worker tests positive for coronavirus

News of its spread to the U.S. Amazon facility was earlier reported by The Atlantic . "We are supporting the individual who is now in quarantine", an Amazon spokesperson said in a statement of the latest incident in NY, according to CNBC .

Dedicated hours for the elderly to get groceries Dedicated hours for the elderly to get groceries

From today, Woolworths has put a two-pack limit on every category aside from fresh fruit and veg, meat (excluding mince), deli, bakery, seafood, fresh milk, canned fish, drinks, baby food, yoghurt, Easter items, and wet pet food. Aldi now has a ...

Fearing coronavirus recession, France announces 45 billion euros in business aid Fearing coronavirus recession, France announces 45 billion euros in business aid

Le Maire earlier described the battle towards the coronavirus pandemic as an "financial and monetary battle". The government said France's national debt will exceed 100 percent of GDP this year, well above the European Union's guideline of no m...

Hyundai Elantra launched, takes on Toyota Corolla Altis in great sedan war Hyundai Elantra launched, takes on Toyota Corolla Altis in great sedan war

The 2021 Hyundai Elantra comes with an all-new look featuring a coupe-inspired sloping roof design and an attractive front fascia with a massive cascading grille as well as triangular air inlets. This is where things get a bit odd. Hyundai made a b...

Coronavirus: Dow Jones set to lose ‘Trump bump,’ stock markets briefly halted Coronavirus: Dow Jones set to lose ‘Trump bump,’ stock markets briefly halted

USA benchmarks were down sharply on Wednesday as the market fears surrounding COVID-19 continue to weigh heavily on investor sentiment sending the Dow Jones Industrial Average to close below the psychologically important 20,000 level for the first ti...

Federal Reserve to Provide Emergency Loans to Money Market Funds Federal Reserve to Provide Emergency Loans to Money Market Funds

At the same time, money market funds, among the largest buyers of the short-term loans, are seeking to sell commercial paper themselves. The facility was opened in coordination with the U.S. Its demise forced the Fed to launch new programmes to sho...

Canada border closure won't affect trade, leaders say Canada border closure won't affect trade, leaders say

As heard live on AM800, Prime Minister Justin Trudeau says trade will not be impacted. Trump suggested earlier Tuesday that talks were ongoing with Canada about further measures, after Canada exempted the USA from its new measures. "Supply chains i...

United Kingdom unveils $400 billion lifeline for firms hit by coronavirus United Kingdom unveils $400 billion lifeline for firms hit by coronavirus

Governments around the world are scrambling to come to terms with the huge economic impact of this crisis. Tuesday afternoon's press conference saw Rishi Sunak announce new financial measures to bolster the United Kingdom economy, including further...

GM confirms coronavirus concerns shut down manufacturing until at least April GM confirms coronavirus concerns shut down manufacturing until at least April

At Ford , the company said an employee working at a product development office in Dearborn, Michigan was exposed to coronavirus after leaving work several days ago and was diagnosed before returning to work. GM believes it can run the plants saf...

1st LD Writethru: Dow closes below 20000 on heightened virus fears 1st LD Writethru: Dow closes below 20000 on heightened virus fears

In early trading, the Dow Jones Industrial Average was down 919.45 points, or 4.33 per cent, at 20,317.93, the S&P 500 was down 96.62 points, or 3.82 per cent, at 2,432.57. Measuring the stock market's performance under the Republican President begin...

What's in the ECB's coronavirus emergency pandemic plan? What's in the ECB's coronavirus emergency pandemic plan?

Under pressure to act to bring down borrowing costs for indebted, virus-stricken countries such as Italy , the European Central Bank launched a new, dedicated bond-purchase scheme, bringing its planned purchases for this year to 1.1 trillion euro ...

Bank of Japan holds emergency policy meeting after Fed cut Bank of Japan holds emergency policy meeting after Fed cut

The central bank also made a decision to create a new loan program to extend one-year, zero-rate loans to financial institutions in an effort to boost lending to firms hit by the virus outbreak. Overnight, the Fed slashed rates back to near zero, res...

RBA cuts interest rates to historic low of 0.25 per cent RBA cuts interest rates to historic low of 0.25 per cent

Digital Finance Analytics principal Martin North said quantitative easing, while created to encourage lending, would do little to stimulate demand as indoor groups of 100 or more people are banned in Australia. "The primary response to the virus is...

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