Saturday July 4-th, 2020

Oil prices set to stay in the doldrums Oil prices set to stay in the doldrums

While Saudi Aramco said it will cut domestic refining to free up more crude for export, analysts at MUFG Bank Ltd. said the price war is a "lose-lose strategy" for the kingdom and Russian Federation, with the fiscal and revenue outlook for both count...

Stocks, oil sink again as recession fears batter markets Stocks, oil sink again as recession fears batter markets

On Wednesday, the 18th of March 2020, a slew of U.S. stocks had extended their recent leg of losses as Wall St. sell-off had accelerated over frets that the financial fallouts of coronavirus pandemic could cripple USA economic activity.

Next Week’s Powerball Cash Prize Will Jackpot To $80 Million Next Week’s Powerball Cash Prize Will Jackpot To $80 Million

For the Australian Powerball results that will be announced on Thursday, March 19, 2020, the jackpot prize is AUD 60 million. If the Division One prize has a solo victor, it will be the first time ever $80 million has been won by one person! ...

Australian PM announces stricter limits for indoor gatherings over COVID-19 Australian PM announces stricter limits for indoor gatherings over COVID-19

In other updates, he said that the federal budget, which had been due in May, would now be postponed to October 6 because it was impossible for the government to make credible budget-related decisions at this time. for people who are enduring real ha...

Coronavirus: Starbucks Canada switching to drive-thru, delivery only Coronavirus: Starbucks Canada switching to drive-thru, delivery only

Some Starbucks locations will remain open near hospitals and health-care centres, "in the company's efforts to serve first responders, health-care workers and their incredible support staff", the letter said. ".Our cafés in some areas are experienc...

IKEA closes its two stores in Romania due to coronavirus IKEA closes its two stores in Romania due to coronavirus

Ikea's Ballymun shop had already closed its food outlets and increased its cleaning routines. "We ask all co-workers at our Navi Mumbai IKEA store build-up, who are dependent on public transport, to work from home and we will continue the dialogue...

Dow plunges, ending worst week since 2008

The Nasdaq, heavily weighted with technology stocks, was up 1.4%. Major indexes are on track for heavy losses for the second week in a row after some punishing drops. Investors are now counting on further stimulus over the next few days, as the US ...

Air New Zealand (ASX:AIZ) receives NZ$900M loan from Government Air New Zealand (ASX:AIZ) receives NZ$900M loan from Government

Australia and New Zealand shut down foreign arrivals. The Council of Trade Unions has been impressed with how quickly and decisively the Government has acted to ensure Air New Zealand can stay in operation. "But if it is obvious that there is a...

Dow Jones CRASH: Trading halted as stock market crashes in coronavirus panic Dow Jones CRASH: Trading halted as stock market crashes in coronavirus panic

Early last week, it had never been below 1%. On Tuesday, U.S. oil prices rallied by approximately 8%. The Dow Jones Industrial Average pointed to losses of more than 1,250 points, or almost 4.9%, to kick off the week. On the supply side, the wors...

Coronavirus: Rishi Sunak announces plans to help pay employees' wages Coronavirus: Rishi Sunak announces plans to help pay employees' wages

The government has announced that Universal Credit will be raised by £1,000 a year. Working Tax Credit will be raised by the same amount, The Mirror reports . When this is over, and it will be over, and remember the many small acts of kindness...

After discussions, Tesla paralyzes factories in California and NY After discussions, Tesla paralyzes factories in California and NY

Billionaire entrepreneur Elon Musk offered to manufacture breathing machines to help combat the coronavirus epidemic on Wednesday. Tesla has agreed to suspend production beginning March 23 at its Fremont, Calif., factory, where it assembles the ...

Dow ends 4.6% lower in latest United States stocks rout on virus hit

After a volatile session which saw stocks spend part of the day in positive territory, the Dow Jones Industrial Average lost 4.6 per cent, or around 915 points, to end at 19,173.98, again dropping below the level when President Donald Trump was ina...

Canada auto factories to make coronavirus medical equipment Canada auto factories to make coronavirus medical equipment

Canada's chief public health officer, Dr. Theresa Tam, has said there has been no specific request for ventilators yet but the federal government is trying to pre-empt that by acquiring things that may be needed as the number of cases surges.

After Coronavirus Briefings, Sens. Richard Burr, Kelly Loeffler Dumped Stocks After Coronavirus Briefings, Sens. Richard Burr, Kelly Loeffler Dumped Stocks

Loeffler - who was appointed to her seat in December after Senator Johnny Isakson announced that he was resigning because of health problems - is married to the chairman of the New York Stock Exchange, Jeffrey Sprecher . "This is a ridiculous and ba...

Standardized testing - like the SOLs - will not be enforced Standardized testing - like the SOLs - will not be enforced

The delay in payments and the roll-back on interest is meant to help those struggling during the pandemic, according to a statement from the Department of Education. For now, borrowers will be able to put off two monthly loan payments. Anyone who's...

Trump cancels G7 summit in USA over virus outbreak Trump cancels G7 summit in USA over virus outbreak

Sherpa for the 2020 G7 Larry Kudlow has informed his Sherpa colleagues that the G7 Leaders' Summit the U.S. was set to host in June at Camp David will now be done by video-teleconference", Mr. Hahn also said the administration is investigating the us...

US Company Announces First COVID-19 Home Testing Kits, Available Mar. 23 US Company Announces First COVID-19 Home Testing Kits, Available Mar. 23

Several commercial lab testing companies have made attempts to develop an at-home test, but Everlywell is the first to offer it straight to consumers. Infectious disease sample collection and shipping materials to safely ship your sample, using COV...

Job openings: Walmart hiring 150,000 amid coronavirus pandemic, offers cash bonuses Job openings: Walmart hiring 150,000 amid coronavirus pandemic, offers cash bonuses

The company will accelerate the next scheduled quarterly bonus, it said . Overall, roughly $550 million will go to Walmart employees and, in turn, the economy. During the holidays, the company often focuses on giving additional hours to some work...

TTC closes bus garage after worker tests positive for COVID-19 TTC closes bus garage after worker tests positive for COVID-19

Soon, when people who live in Toronto Community Housing (TCH) have symptoms of the virus and require testing, Wheel-Trans will take them to a screening and assessment centre for testing and an isolation centre if need be, he said. On top of the usual...

GameStop: We Can Stay Open During Lockdowns Because We're 'Essential Retail' GameStop: We Can Stay Open During Lockdowns Because We're 'Essential Retail'

Even worse, it demanded its worked report for duty even if the authorities essentially deemed doing so as illegal. GameStop is under fire from employees and the media for its inability to adapt to the crisis, including a weird insistence that i...

Family of 4 could get $3,000 under coronavirus relief plan Family of 4 could get $3,000 under coronavirus relief plan

Keeping paychecks flowing for idled workers as jobless claims skyrocket is a top priority for both the Republican and Democratic plans emerging from Congress. The multi-billion dollar bill provides safety net programs for Americans affected by Cor...

United States oil prices plunge 25% to close at $31.13/barrel United States oil prices plunge 25% to close at $31.13/barrel

The two Gulf states said they will together boost supplies by at least 3.5 million barrels per day (bpd), to 16.3 million bpd, from April. Aramco did not say when that capacity increase would happen, according to Wednesday's announcement on the Sau...

Oil Holds Record Gain in Wild Week as Trump Wades Into Tussle Oil Holds Record Gain in Wild Week as Trump Wades Into Tussle

On Thursday PTT released a report on global oil prices for this week being at low levels because Saudi Arabia cut its oil trade price offering by $6 per barrel, which made benchmark markets in the European Union and U.S. Oil rebounded after plung...

Tucker Carlson torches Sen. Burr for dumping stocks ahead of coronavirus outbreak Tucker Carlson torches Sen. Burr for dumping stocks ahead of coronavirus outbreak

As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy. Other U.S. Like Carlson, Rep. Alexandria Ocasio-Cortez, D-N.Y., also called for Burr to resign. "As Inte...

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...

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