Saturday January 29-th, 2022

Trump orders plan to fund US oil companies Trump orders plan to fund US oil companies

Yet demand has collapsed by at least twice that amount and storage tanks will keep filling with crude as long as coronavirus restrictions keep planes grounded and drivers off the roads. Environmental activists, meanwhile, blasted Trump's pledge to ...

Oil prices remain volatile after record-breaking negative plunge Oil prices remain volatile after record-breaking negative plunge

Brent dropped 12.31 per cent WTI for June delivery, which had rebounded about 20 per cent at the open, was down around five per cent at US$11 a barrel in the afternoon. Crude oil prices have plummeted by close to 80% this year as the pandemic has spr...

Mortgages Paused or Reduced for 3M US Households Mortgages Paused or Reduced for 3M US Households

Servicers of loans in forbearance that are backed by Fannie Mae must advance missed payments only for four months, under a policy unveiled Tuesday to addressing liquidity concerns stemming from the coronavirus. Instead of setting up such a liquidity ...

Stocks end sharply down for second straight day, Dow -2.7% Stocks end sharply down for second straight day, Dow -2.7%

The Nasdaq Composite was down around 150 points or almost two percent, while the S&P 500 index was losing around 1.7 percent. The May oil contract was back in positive territory at US$10.01 per barrel after going negative on Monday, but the more he...

Hope for cheaper pump prices as cost of crude oil plunges Hope for cheaper pump prices as cost of crude oil plunges

It is good that prices have fallen in this disaster. The Congress has demanded the government that the oil prices should be reduced and the benefit be passed to the consumer as former Congress President Rahul Gandhi asked the government to listen t...

Annual inflation rate cooled in March to 0.9 per cent Annual inflation rate cooled in March to 0.9 per cent

Data released by the National Bureau of Statistics (NBS) has shown that the consumer price index (CPI) which measures inflation increased by 12.26% in March. According to the bureau, the highest increase recorded are on fish, vegetables, fruits, oi...

Texas Lt. Gov. Patrick Defends Position of Risking Lives to Save Economy Texas Lt. Gov. Patrick Defends Position of Risking Lives to Save Economy

Patrick appeared on Fox News' "Tucker Carlson Tonight" to address backlash towards previous comments about the risks of reopening the US economy during the coronavirus pandemic. "And what I said when I was with you that night, there are more importan...

How the price oil became less than zero : Planet Money How the price oil became less than zero : Planet Money

That's right, the stuff that makes the world go round, the lifeblood of the global economy, was worthless. That means that whoever held the contract had two options: either roll it over by settling the contract and buying another one with similar qua...

Virgin Australia in administration but Velocity points Virgin Australia in administration but Velocity points "safe"

He said there were more than 10 parties interested in Virgin Australia and will call for expressions of interest during the next three weeks. "In 2019 alone, our Carlton In Business network delivered more than $5 million worth of business to Virgin...

Oil prices recover ground after market turmoil fuels price plunge Oil prices recover ground after market turmoil fuels price plunge

The volatility in the oil market has prompted CME Group, the world's biggest commodities exchange, to raise margin requirements on crude oil futures. The May contract expires on Tuesday. As oil prices hit record lows, FRANCE 24 spoke to Fatih Birol, ...

Covid-19: Government announces Future Fund to protect United Kingdom start-ups Covid-19: Government announces Future Fund to protect United Kingdom start-ups

Sunak said on Monday that banks had approved 12,000 loans under the Coronavirus Business Interruption Loan Scheme, up from just over 6,000 as of April 14. Ministers are committing an initial £250 million in funding towards the scheme, which will init...

Wall Street tumbles as oil crash stirs pandemic fears Wall Street tumbles as oil crash stirs pandemic fears

The Dow Jones Industrial Average slid 631.56, or 2.7%, to 23,018.88. The S&P 500 opened lower by 38.35 points, or 1.36 percent, at 2,784.81, and the Nasdaq Composite dropped 100.04 points, or 1.17 percent, to 8,460.69 at the opening bell.

Trump says he’ll help beleaguered oil industry Trump says he’ll help beleaguered oil industry

Trump said on Twitter. Shares of Indian oil explorers fell on Tuesday after USA crude futures turned negative for the first time ever on demand crash due to Covid-19 crisis and shortage of storage space for massive glut of oil in US.

Start-ups helped by £1.2billion government scheme Start-ups helped by £1.2billion government scheme

The chancellor said the money would help firms in sectors including technology and life sciences develop new innovative products to help power growth once the United Kingdom begins to emerge from lockdown. "It" s vital that our economy gets up and ru...

WWE Comments on Coronavirus Complaint From Anonymous Employee

Thanks to Jon Alba on Twitter for the footage. The employee also notes that he's unable to speak out to his higher-ups about his beliefs over the fear of being fired. "We've made accommodations for individuals upon request", a WWE spokesperson said...

Stocks sink with crude, TSX closes at session low

The S&P 500 index was down 86.60 points at 2,736.56, while the Nasdaq composite was down 297.50 points at 8,263.23. The May contract for West Texas Intermediate crude was still trading below zero, as investors anxious about full storage facilitie...

2nd-gen Audi A3 sedan unveiled 2nd-gen Audi A3 sedan unveiled

The most dramatic difference for Audi aficionados will be the A3 sedan's interior. Under the skin is the same, updated version of the Volkswagen Group's familiar MQB modular architecture. The standout engine is a 148bhp 1.5-litre TFSI petrol unit w...

Sensex plunges 1,000 points on oil price crash, Nifty below 9,000

After swinging over 566 points during the day, the 30-share index ended 59.28 points, or 0.19 per cent higher at 31,648. The NSE Nifty 50 index fell 2.85 percent to 8,999.95 while the benchmark S&P BSE Sensex was down 2.84 percent at 30,747.13.

Wall Street opens lower as United States crude collapse adds to pandemic worries

The benchmark S&P 500 index has climbed over 25 percent from a March low, powered by trillions of dollars in stimulus, but still remains almost 17 percent below its record high amid fears of the biggest economic slump since the Great Depression.

Hundreds of Amazon Workers to Walk Off Jobs This Week

According to organizers, more than 350 workers from about 40 warehouses across the country have signed a pledge to call off work this week, starting Tuesday. Last week, Amazon confirmed the first death of a warehouse worker from the disease. Se...

Donald Trump tells reporter to keep her voice down Donald Trump tells reporter to keep her voice down

CBS News White House Correspondent Weijia Jiang sparred with Trump on Sunday night during a White House coronavirus press briefing. CNN's John King condemned President Donald Trump for scolding CBS reporter Weijia Jiang over the "legitimate...

Beaumont Health laying off close to 2,500 employees, eliminating 450 positions Beaumont Health laying off close to 2,500 employees, eliminating 450 positions

These positions are primarily hospital administrative positions and other employees who don't directly care for patients. Most of the 450 position eliminations are part of the corporate staff or serving in other administrative roles. "Beaumont will a...

Coca-Cola volume plunged 25% in April; sees bounce-back coming Coca-Cola volume plunged 25% in April; sees bounce-back coming

Operating margin , which included items impacting comparability, was 27.7% versus 28.0% in the prior year, while comparable operating margin (non-GAAP) was 30.7% versus 28.2% in the prior year. The effects of social-distancing measures and lockdow...

McDonalds to Suspend Operations in Singapore Due to COVID-19 Cases McDonalds to Suspend Operations in Singapore Due to COVID-19 Cases

According to the news agency PTI, McDonald's decision to stop the operation will also apply to the drive-through (facility to order unloaded vehicle) and delivery operations. McDonald's Singapore has a network of over 135 restaurants, 17 Drive-Thru...

How can oil prices be negative? How can oil prices be negative?

A combination of three factors pushed the headline price deep into the red, market watchers say. Futures trading help market participants by allowing them to lock into prices, either to sell or buy, but also allows for speculation. In one way, th...

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