Friday September 25-th, 2020

United States jobless claims skyrocket to 3.2 million as coronavirus hits the economy United States jobless claims skyrocket to 3.2 million as coronavirus hits the economy

The previous record was set in 1982, when unemployment claims hit 695,000. Almost every state that offered comments cited the virus as the reason for the spike, the department said. Schools have been shut down and workers have been ordered home in mu...

Coronavirus pandemic | Union Bank sets up emergency funding line for corporates, MSMEs Coronavirus pandemic | Union Bank sets up emergency funding line for corporates, MSMEs

State Bank of India, Union Bank of India , Bank of India and Indian Bank were the first of the lot to announce these relief schemes. Under this facility, borrowers can avail up to or 10 percent of the existing fund-based working capital limits for a...

Coronavirus shutdown surges unemployment claims to 3.28M Coronavirus shutdown surges unemployment claims to 3.28M

Federal Reserve Chairman Jerome Powell gave a rare exclusive interview with the "TODAY" show Thursday . The look on the preferred morning display as many Americans are caught in their houses marks the Fed leader's first public remarks since he ...

Coronavirus: Doctors, paramedics in India get 50 lakh insurance cover Coronavirus: Doctors, paramedics in India get 50 lakh insurance cover

Further, the District Mineral Fund will also be utilised to augment medical testing, screening and other requirements to fight coronavirus and preventing the spread of the virus. A government document said that any health professional who while tre...

Stocks nosedive on Wall Street, triggering trading halt Stocks nosedive on Wall Street, triggering trading halt

At 10:45 a.m. ET, the Dow Jones Industrial Average was down 73.10 points, or 0.37%, at 19,825.82, while the S&P 500 was down 1.34 points, or 0.06%, at 2,396.76. Still, the market will likely remain volatile until investors see more economic data ...

US Senate approves historic $2tn stimulus package US Senate approves historic $2tn stimulus package

Under the plan, individuals who earn $75,000 or less in adjusted gross income would get direct payments of $1,200 each, with married couples earning up to $150,000 receiving $2,400. Most of those funds would be used to guarantee loans that small b...

Wetherspoons boss tells staff to work at Tesco amid pay delay Wetherspoons boss tells staff to work at Tesco amid pay delay

Martin said: "We have had lots of calls from supermarkets, Tesco alone want 20,000 people to join them". 'If I'm honest, I could say you can get the furlough payments and stay at home, ' he added. They say the company will only pay them for the h...

State pauses job-hunt rule for unemployment claims State pauses job-hunt rule for unemployment claims

As the coronavirus outbreak slams the economy, many suddenly find themselves out of work, according to jobless claims data. The major requirement is that you have worked for wages from an employer who claims you as an employee in six of the last eigh...

US Senate passes $2 trillion COVID-19 aid package

He said it would bolster the unemployment insurance system so states can match the missing salary of low-income workers, and give others enough to "be able to put food on the table, maybe make the rent, maybe make the auto payment during this period"...

Tax Filing Deadline Moved To July 15th Tax Filing Deadline Moved To July 15th

We've reached out to the tax department for clarification, and we'll update this story when we hear back. Generally, if a due date falls on a Saturday, Sunday or legal (state or federal) holiday, filing a return is generally considered timely if it i...

Hy-Vee, Walmart hiring employees with growing demand in stores Hy-Vee, Walmart hiring employees with growing demand in stores

On top of the special bonus, Walmart will also accelerate the next scheduled quarterly bonus for its store, club, and supply chain associates a month early, which will add up to $180 million. In response to strong demand in stores, Walmart is hir...

Stocks off Highs as Sanders Threatens to Hold up Rescue Bill Stocks off Highs as Sanders Threatens to Hold up Rescue Bill

The S&P 500 remains down about 27% from its February record high, a loss of more than $7 trillion in stock market value. The US Senate is expected to approve a $2-trillion stimulus package later Wednesday to blunt the economic impact of COVID-19, a...

Attorneys general call for online marketplaces to crack down on price gouging Attorneys general call for online marketplaces to crack down on price gouging

Shapiro said his office has received approximately 2,900 tips of price gouging on online platforms and brick-and-mortar stores in the past eight to nine days and issued 90 cease-and-desist orders to sellers engaged in the activity. Walmart and eBay...

Three Republicans call for layoff language fix before Senate coronavirus bill vote Three Republicans call for layoff language fix before Senate coronavirus bill vote

The push to change the deal threatened a delicate bipartisan arrangement. Sen. Bernie Sanders later released a statement saying that unless the senators drop their "anti-worker objections", he is prepared to block the legislation in order to impo...

Ontario will spend additional $17 billion to fight the coronavirus Ontario will spend additional $17 billion to fight the coronavirus

The financial update came the same day many businesses that are deemed un-essential were forced to close their doors to help fight the spread of COVID-19. Cutting taxes by $355 million for about 57,000 employers through a proposed temporary increase ...

Amazon temporarily closes Kentucky warehouse due to virus Amazon temporarily closes Kentucky warehouse due to virus

The Epoch Times refers to the novel coronavirus, which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party's coverup and mismanagement allowed the virus to spread throughout China before it was transmitted worldwide.

Dow sees biggest 1-day gain since 1933 Dow sees biggest 1-day gain since 1933

Tokyo share prices were boosted by the decision to postpone the 2020 Olympics to July 2021 in view of the coronavirus pandemic , which has brought travel nearly to a standstill and is leaving many millions of people ordered to stay home to help con...

IMF Warns Coronavirus Recession Could be Worse Than 2009 Financial Crisis IMF Warns Coronavirus Recession Could be Worse Than 2009 Financial Crisis

G-20 finance ministers and central bank governors will meet virtually on a regular basis to continue discussion and take urgent actions needed to address the global challenge presented by the Covid-19 pandemic, the statement said. "Investors have a...

Shane Warne hammers PM Scott Morrison over coronavirus update Shane Warne hammers PM Scott Morrison over coronavirus update

The public was quick to react on social media, with many expressing confusion over what they were allowed to do or calling for a complete lockdown of non-essential services. "And he was very clear in his communication as well". "It's going to be a ...

Wall Street jumps on hopes of US$2 trillion stimulus Wall Street jumps on hopes of US$2 trillion stimulus

The S&P 500 has lost more than $9 trillion in value from its mid February record high, while the Dow Jones erased over three years of gains in one month. Wall Street posted its best performance in almost 90 years on Tuesday, as indices rallied on hop...

Barclays lowers 2020 oil price forecast by $12 a barrel Barclays lowers 2020 oil price forecast by $12 a barrel

Both contracts have hit multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and with top producers Saudi Arabia and Russian Federation engaged in a price war. ING revised down on Wednesday its Brent c...

Mnuchin: Negotiators 'very close' to deal on coronavirus stimulus Mnuchin: Negotiators 'very close' to deal on coronavirus stimulus

The package would also give direct cash payments to most Americans, expand unemployment benefits and put forth a $367 billion program to help small businesses make payroll, according to The Associate Press. "Pass the damn bill". But given the fears...

Canada Post Confirms Employee Tested Presumptive Positive for COVID-19

Items that require proof of age, identification or customs payments will be sent directly from depots to a retail post office for pick-up, with no restrictions on when customers can collect them. As for transactions, cash will still be accepted but p...

US Fed expands bond purchases to unlimited amount amid virus shock US Fed expands bond purchases to unlimited amount amid virus shock

In a surprise announcement Monday, it said it would make unlimited purchases of Treasury bonds and mortgage-backed securities, while adding that it would also begin buying agency commercial mortgage-backed securities. The U.S. Federal Reserve on Mo...

I Get Along 'Very Well' With Dr. Fauci I Get Along 'Very Well' With Dr. Fauci

The nation's top pandemic doc insisted that Trump takes his advice, even though he has regularly been forced to correct the president's lies and exaggerations about the fast-spreading disease. Appearing on the radio show " Mornings on the Mall " on T...

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