Wednesday January 26-th, 2022

DWD to begin issuing additional $600 a week in unemployment benefits Wednesday DWD to begin issuing additional $600 a week in unemployment benefits Wednesday

Per the updated letter, the above-listed reasons requiring a COVID-19 medical diagnosis do not in fact require a positive COVID-19 test. The Pandemic Unemployment Assistance program is a new federal program which expands eligibility for unemplo...

Amazon’s Labor Practices Are Now Under Investigation by New York’s Attorney General

The office also alerted the company that it was under scrutiny for "other cases of potential illegal retaliation" in the state. The letter, which the attorney general's office confirmed to Business Insider, also said Amazon's safety measures ...

Most deaths recorded in one day from COVID-19 in Ontario Most deaths recorded in one day from COVID-19 in Ontario

The government said the new safety guidelines will provide direction to various industries including retail, health care, manufacturing, tourism, restaurant and food service, offices, construction sites, and transit and transportation services.

Amazon calls Trump blacklisting a Amazon calls Trump blacklisting a "personal vendetta"

Its e-commerce platforms in the UK, Germany, France, India and Canada have been added to a "notorious markets" register. "We firmly disagree with the "findings" of the report and specifically in its observations relating to Snapdeal ", a Snapdeal ...

Almost 4 million Americans filed for unemployment last week Almost 4 million Americans filed for unemployment last week

This reading came in slightly worse than the market expectation for an increase of 3.5 million. That means 18.6 percent of the nation's workforce - more people than the entire state of Texas - tried to collect unemployment checks in the last six w...

Oil prices rally as producers tackle supply glut Oil prices rally as producers tackle supply glut

The main concern is that there is nowhere to store all the oil that is not being consumed due to the drop in global economic activity amid restrictions imposed around the world to curb the spread of the new coronavirus . The EIA reported a smaller-t...

Short-Sellers Could Reappear on Test of $19.83 to $22.37 Short-Sellers Could Reappear on Test of $19.83 to $22.37

USA crude oil inventories swelled by 9 million barrels last week to 527.6 million barrels, about 7 million barrels below their record high, the Energy Information Administration, but slightly less than analysts' expectations in a Reuters poll for...

Almost 4 million more Americans file for unemployment Almost 4 million more Americans file for unemployment

They will provide an updated figure later on Thursday. Florida's sharp increase is likely due to improvements in the state's disfunctional unemployment system. The next federal unemployment release is slated for Friday, May 8. Cisco confirmed via...

Jobless Claims Fall to 3.84 Million Jobless Claims Fall to 3.84 Million

MI has been in a state of emergency since March 10 when the state's first presumed-positive cases of COVID-19 were reported . Schools and nonessential businesses have been closed in NY since March. Will Arkansas force people to go back to work at ...

Almost 10,000 businesses apply for wage subsidy: Canadian PM Justin Trudeau Almost 10,000 businesses apply for wage subsidy: Canadian PM Justin Trudeau

Business groups complained that the initial criteria for the wage subsidy, including the requirement that a business claiming the subsidy see its revenue decline by 30 per cent compared to the same month in the previous year, would exclude many busin...

European Economy Suffers Record Drop amid Covid-19 Pandemic European Economy Suffers Record Drop amid Covid-19 Pandemic

It also offered a raft of new credit lines to banks at a negative interest rate, meaning banks get paid a bonus as an incentive to borrow and lend. The eurozone economy shrank at the sharpest pace on record in the first quarter as the Covid-19 pand...

Airbus faces gravest situation company has ever known Airbus faces gravest situation company has ever known

Fellow customer Deutsche Lufthansa is locked in talks with the German government over a multibillion-euro bailout and could seek court protection if it cannot reach a deal. Airbus had already extended credit lines and clamped down on expenses to gi...

Government of Saudi Arabia Buys $500 Million Stake in Live Nation Government of Saudi Arabia Buys $500 Million Stake in Live Nation

The company said it would be making cuts in "hiring freezes, reduction in the use of contractors, rent re-negotiations, furloughs and reduction or elimination of other discretionary spending including, among other things, travel and entertainment, re...

U.S. jobless claims still elevated as more seek benefits

The state labor department now has 3,000 workers handling calls and processing claims. Although job losses have begun to slow down from their pandemic peak , a little more than 18 percent of the entire us civilian labor force have still filed an i...

Trump's meat supply fix is a recipe for coronavirus disaster Trump's meat supply fix is a recipe for coronavirus disaster

While some have offered assurances that the nation's "cold storage", or the amount of meat frozen in commercial warehouses, could act as a stopgap should production plummet, data indicate a limited supply. "However, outbreaks of Covid-19 among worker...

European economy drops sharply in Q1 European economy drops sharply in Q1

Unemployment rose only slightly even amid the massive shutdowns that idled everything from florists to restaurants to factories. The EU's statistical agency eurostat reported an even bigger fall in gross domestic product (GDP) in the quarter ending...

Man dies after Lebanon economic protest turns violent Man dies after Lebanon economic protest turns violent

Some 30 people were injured, including the man who later died, it added. The Lebanese national currency plummeted to a record low over the weekend, with the country's central bank having to issue instructions on Sunday night forbidding currency exc...

China’s manufacturing weaker in April as virus hurts exports China’s manufacturing weaker in April as virus hurts exports

The new-orders subindex for the entire non-manufacturing sector, a measure of demand, increased to 52.1 from 49.2 in March while a sub-index measuring employment edged up to 48.6 from 47.7. "It is still too early to conclude that the Chinese economy ...

Alphabet Reports Strong First-Quarter Revenue, March Ad Slowdown Alphabet Reports Strong First-Quarter Revenue, March Ad Slowdown

Interpublic Group of Companies, one of the largest advertising holding companies, said last week the second quarter would be "very difficult". EMarketer principal analyst, Nicole Perrin, commented on the results: " Google reported a significant de...

Oil prices slump amid mounting storage fears Oil prices slump amid mounting storage fears

Russia also flagged that its production would fall by around a fifth. The API report showed crude oil stockpiles at Cushing, Oklahoma, a key USA oil hub, increased by 2.49 million barrels. "One ray of hope for WTI, though, could occur next week",...

Husky Energy reports $1.7-billion first-quarter loss, cuts dividend Husky Energy reports $1.7-billion first-quarter loss, cuts dividend

Both Husky and Cenovus have reacted to the free-fall in oil prices by shutting in production, deferring growth projects, cutting dividends and slashing capital spending. He said Husky has shut-in 80,000 barrels per day of Canadian upstream oil, while...

U.S. oil rebounds above $14 after massive sell-off U.S. oil rebounds above $14 after massive sell-off

While storage is rapidly filling up, production cuts by United States shale producers, estimated by consultants Rystad Energy at 300,000 barrels per day (bpd) for May and June, should help slow flows into tanks. "Another important thing is to have mo...

Company says drug proved effective against virus in US study Company says drug proved effective against virus in US study

The mortality rate was 8% in people given remdesivir and 11.6% in those given a placebo, but this result was not statistically significant, meaning scientists can not tell if the difference is real. Announcing the results was accelerated because of t...

US Crude-Oil Inventories Rise Less Than Forecast US Crude-Oil Inventories Rise Less Than Forecast

Futures added 14% in NY after dropping Tuesday as S&P Global Inc. told clients to immediately sell their stakes in West Texas Intermediate for June delivery into July crude. Regulators in the US state of Texas, the country's biggest oil producer, w...

Berkshire Hathaway : Charlie Munger Won't Attend Berkshire Annual Meeting in Person Berkshire Hathaway : Charlie Munger Won't Attend Berkshire Annual Meeting in Person

Buffett has long said quarterly investment gains and losses are usually meaningless, and investors should focus on Berkshire's operating results. Buffett said Monday that he and Berkshire Vice Chairman Greg Abel, who oversees Berkshire's non-insu...

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