Saturday January 29-th, 2022

Boeing leads Dow lower on bearish United Airlines comments Boeing leads Dow lower on bearish United Airlines comments

United Airlines said on April 15 that it has cut its flight schedule by 90 percent in May and expects similar cuts for June as a result of the CCP virus pandemic, and warned that travel demand that is now "essentially at zero shows no sign of im...

Possible coronavirus drug's trial shows good early results

The patients taking part in a clinical trial of the drug have all had severe respiratory symptoms and fever, but were able to leave the hospital after less than a week of treatment, STAT quoted the doctor leading the trial as saying. Gilead earlier...

GoPro reduces global workforce by 20% GoPro reduces global workforce by 20%

According to Woodman, this has driven the company to transition "into a more efficient and profitable direct-to-consumer-centric business", which is the plan for the rest of this year. Sales and marketing expenditure reductions in 2020 and beyond. ...

Claims for unemployment benefits in Washington remain at record levels

There are now 9,642 people in Johnson County, 2,829 people in Wyandotte County and 1,206 people in Leavenworth County receiving unemployment. In a four-week stretch, a total of 20,549 residents have put in a claim, which is about 18% of the people wo...

Starbucks announces plan for transitional reopening of cafes Starbucks announces plan for transitional reopening of cafes

Company executives said Thursday that they plan to extend the chain's service pay through the end of May, providing workers with an extra $3 an hour if they show for their shifts. Yet it also is indicative of the gradual nature of that reopening. I...

Why Nigeria didn’t benefit from recent International Monetary Fund debt relief ― Ahmed Why Nigeria didn’t benefit from recent International Monetary Fund debt relief ― Ahmed

Standard and Poor's last week reaffirmed Australia's AAA's credit rating, noting that fiscal stimulus measures taken since the COVID-19 outbreak won't structurally weaken Australia's fiscal position, he said. "Among developing economies, all countrie...

Midwest governors announce partnership to 'reopen regional economy' Midwest governors announce partnership to 'reopen regional economy'

Here in the Midwest, we are bound by our commitment to our people and the community. "We look forward to working with experts and taking a fact-based, data-driven approach to reopening our economy in a way that protect families from the spread of COV...

Coronavirus In Ohio: Hospitals Developing Plan To Resume Elective Surgeries Coronavirus In Ohio: Hospitals Developing Plan To Resume Elective Surgeries

DeWine said businesses reopening would be dependent on their ability to assure the protection of employees - and if applicable, customers - with the same cleanliness and distancing guidelines and policies that have become the public's new normal with...

S&P 500 falls 20% from record high, crossing bear market threshold

Markets bumped up after Vice President Mike Pence said the nation's big health insurers would cover co-pays for coronavirus testing. Trump also said he will meet with Senate and House Republicans on Tuesday to discuss tax relief measures to provi...

Stocks sink 4% as Dow closes in bear market

The 30-stock index fell into a bear market territory, down more than 20 per cent from last month's record close, Xinhua reported. Since then, it's lost 19%, bringing it close to halting the bull market that began in 2009, its longest on record.

USA weekly jobless claims highlight economic carnage from coronavirus USA weekly jobless claims highlight economic carnage from coronavirus

The new unemployment figures show the state's jobless rate is not accelerating after claims filed in the last two weeks of March repeatedly broke weekly records set in the Great Recession. The data through April 11 indicate the world's largest econom...

G20 agrees to temporary debt standstill for poorest countries G20 agrees to temporary debt standstill for poorest countries

G20 deputies will meet on Tuesday to prepare for a broader meeting of finance ministers and central bank governors on Wednesday. "All bilateral official creditors will participate in this initiative, consistent with their national laws and internal...

Answering your stimulus check questions Answering your stimulus check questions

The IRS began distributing $290 billion in direct cash payments within the past week as part of a $2 trillion CARES Act stimulus bill, and anecdotes are already surfacing about the IRS issuing money to the deceased. SSI recipients who have qualif...

G20 energy ministers struggle to finalise oil output cuts G20 energy ministers struggle to finalise oil output cuts

The crude oil prices have climbed up to 7.7 per cent as Oil and Petroleum Companies (OPEC) and its allies agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war. Energy Secretary Dan B...

Maine's new jobless claims drop sharply after three record-high weeks Maine's new jobless claims drop sharply after three record-high weeks

The economic crisis comes as the number of U.S. virus cases exceeds 629,000. " It's akin to the entire country being hit by a hurricane ", Jason Reed, assistant chair of finance at the University of Notre Dame, told the Guardian. The latest seasona...

Small business lending program on hold after reaching $349 billion limit Small business lending program on hold after reaching $349 billion limit

FILE - In this April 2, 2020 file photo, a notice of closure is posted at The Great Frame Up in Grosse Pointe Woods, Mich. The government's paycheck protection loan program for small businesses is on hold. Meanwhile, thousands of businesses are sti...

TTC drivers refuse work because of COVID-19 concerns

According to TTC spokesperson Stuart Green, a provincial Ministry of Labour representative assessed the situation Wednesday afternoon and was "satisfied the TTC has protections in place and ruled (there were) no grounds for a work refusal".

Amazon Terminates Two UX Designers for Violating Internal Policies Amazon Terminates Two UX Designers for Violating Internal Policies

Mohamed, a 28-year-old Somali-American, said his boss told him not to organize other workers at the Minneapolis-area warehouse. Amazon says it has a broad range of scheduling options. Still, Amazon workers have stressed that the company is not ...

Trudeau Announces Changes to the CERB Trudeau Announces Changes to the CERB

Trudeau said the federal government is also looking to boost the wages of essential workers across the country, including those in retirement and long-term care homes. "In the coming months and years, there will be many reflections on various institu...

Britain and European Union revive Brexit talks by video amid coronavirus crisis Britain and European Union revive Brexit talks by video amid coronavirus crisis

The negotiating dates were agreed at a "constructive" meeting between EU Brexit negotiator Michel Barnier and his British counterpart David Frost, Reuters said. In the meeting, both sides "took stock of the technical work" that had taken place ...

OPEC countries reduce oil production: Details of long-awaited agreement OPEC countries reduce oil production: Details of long-awaited agreement

Global oil-producing nations are expected to reduce production by as much as 19.5 million barrels per day, but those cuts are being implemented slowly and in some cases will not start for weeks. As a result, the oil market began to plummet. Crude o...

United States has passed the coronavirus peak United States has passed the coronavirus peak

Fauci pointed out that a May 1 target is "a bit overly optimistic" for many areas of the country. Governors of about 20 U.S. states where the new-coronavirus pandemic has had a low impact believe they may be ready to start the process of reopening...

Oil near 18-year low on demand devastation warning Oil near 18-year low on demand devastation warning

Oil prices were broadly stable on Thursday after sharp losses in the previous session, with investors hoping that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravage...

UK: UK should prevent China from taking over Imagination Technologies, says lawmaker UK: UK should prevent China from taking over Imagination Technologies, says lawmaker

That Apple dispute took a toll on the chip designer, and in September 2017 it was revealed that Imagination Technologies had been acquired by Chinese-backed private equity firm Canyon Bridge for £550 million. Davis described Imagination Technolog...

Asian Markets Trading Higher Asian Markets Trading Higher

Imports eased a modest 0.9% compared with expectations for a 9.5% drop. Chinese shares started firm with the blue-chip index up 0.7%. E-Mini futures for the S&P 500 nudged 0.3 percent higher, while Nikkei futures pointed to an opening gain of abo...

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