Saturday January 29-th, 2022

Stocks Rebound After Dramatic Plunge Spurred By A Spike In Coronavirus Cases Stocks Rebound After Dramatic Plunge Spurred By A Spike In Coronavirus Cases

Bond yields rise as prices fall. Economic data appeared to back up the Fed's gloomy economic projections, with jobless claims still more than double their peak during the Great Recession and continuing claims at an astoundingly high 20.9 million....

Tens of thousands of jobs in Rotherham supported by furloughing scheme Tens of thousands of jobs in Rotherham supported by furloughing scheme

The UK Government says the two schemes are part of an economic support package for individuals and businesses including loans, grants, income tax deferrals, rental support, increased levels of Universal Credit, and mortgage holidays. The average clai...

Hertz Proposes $1 Billion Stock Sale to Capitalize on Odd Rally Hertz Proposes $1 Billion Stock Sale to Capitalize on Odd Rally

Shares of more than a dozen companies in bankruptcy have jumped nearly 50% on average in recent weeks, according to data from Investor's Business Daily. Auto rental giant Hertz has filed for bankruptcy because it doesn't have enough money to pay it...

Walmart stores will stop locking up 'multicultural' personal care products Walmart stores will stop locking up 'multicultural' personal care products

On Thursday, the retailer announced it would stop selling facial recognition technology to USA police departments. Many customers have questioned why personal care products for black people were given heightened security measures. California reside...

Border may open by the end of June Border may open by the end of June

During her visit to Mackay on Tuesday, Ms Palaszczuk also met with representatives of local manufacturing company, Real Time Instruments, which received more than $89,000 from the State Government's $46 million Made in Queensland program. The Surf Cl...

Unemployment claims are being paid, labor office says

However, some surveys indicate that weekly initial claims may be underestimating the amount of those unemployed. The Labor Department announced Thursday that 1.5 million Americans filed new unemployment claims last week, the tenth straight week o...

Singapore, Japan, Azerbaijan grands prix axed due to virus Singapore, Japan, Azerbaijan grands prix axed due to virus

Singapore has more than 39,000 Covid-19 cases while Japan's round of the MotoGP championship, which was due to take place on October 18 at Motegi after the F1 race at Suzuka on October 11, had already been cancelled due to the expected extensio...

Dow crashes over 1,500 points, oil slumps 7% Dow crashes over 1,500 points, oil slumps 7%

Thursday's declines put the major averages on pace for their biggest weekly losses since March 20, when they all dropped at least 12%. Overall coronavirus cases in the USA have exploded, reaching 2 million, according to the latest figures from Jo...

Brindisi Introduces Bill To Fix Farmers Access to PPP Loans Brindisi Introduces Bill To Fix Farmers Access to PPP Loans

Businesses are also now allowed to spend more of the loans on other expenses like rent, instead of strictly payroll, lowering the threshold from 75 percent to 60 percent for partial loan forgiveness. Partial forgiveness will still be available for bu...

Air New Zealand no longer required to practice social distancing onboard Air New Zealand no longer required to practice social distancing onboard

Air New Zealand Head of Tourism and Regional Affairs Reuben Levermore says it's great to be flying back to Taupō and Timaru. "Social distancing is no longer a requirement, unaccompanied minors will once again be able to travel domestically, and cus...

What Trump's Treasury Security Said About Whether There Will Be Another Round What Trump's Treasury Security Said About Whether There Will Be Another Round

Mnuchin said he is ready to ask Congress for additional money if needed, after telling the Senate at a hearing Wednesday that the US will "definitely" need another bipartisan stimulus package to prop up certain vulnerable industries. President Don...

Another 1.5 million workers file jobless claims

Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers.

Nikola's $34 billion valuation neglects outlook for no revenue Nikola's $34 billion valuation neglects outlook for no revenue

In-day trading saw the company's market cap eclipse $US30 billion ($A43.03 billion) on June 9, closing the day at a still healthy $US28.63 billion ($A41.06 billion), compared to Ford's $US28.8 billion ($A41.31 billion) at market close the same day....

Zara owner says online sales leap in April Zara owner says online sales leap in April

The closure of the stores is part of the Spanish company's new $4.5billion strategy, which will see it invest in technology to make it easier for customers to track the items they want, blurring the lines between online and in-store shopping.

Calgary hiring climate looks gloomy in 2020 Calgary hiring climate looks gloomy in 2020

Sectors which will lead the job market are likely to be the Mining & Construction, Finance , Insurance and Real Estate sectors. The strongest hiring pace will be recorded in the medium sized organisations followed by the large sized and small ...

Stocks Jump After Big News From Fed Stocks Jump After Big News From Fed

Losses picked up in USA stock index futures after the Federal Reserve signaled that the path to economic recovery will be long and as worries over a second wave of coronavirus infections grew. Though much of the statement repeated language from...

Tesla becomes the most valuable auto company in the world Tesla becomes the most valuable auto company in the world

Tesla shares spiked more than 5 percent in early morning trading Wednesday after Elon Musk signaled that he's gearing up for mass production of his hotly-anticipated semi truck. The interesting thing is that " most of the other work probably occurr...

Key takeaway from Fed: No member plotted negative rates Key takeaway from Fed: No member plotted negative rates

If you enjoyed today's free gold report, we invite you to check out our premium services. The blue-chip FTSE 100 closed 0.1 per cent lower and the British mid-cap index 0.8 per cent down. It closed at over 10,20, up more than point-six percent. ...

Italy poised to make 'much' of the COVID vaccine-health official - English Italy poised to make 'much' of the COVID vaccine-health official - English

Vaccines typically take years, if not decades, to develop, and some experts have said the administration's goal is unrealistic. That vaccine began undergoing the first phase of clinical trials in March, and a second phase started on May 29.

1.5 million Americans filed for unemployment last week 1.5 million Americans filed for unemployment last week

More than 1.5 million Americans filed new claims for unemployment insurance during the first week of June, according to Labor Department data released Thursday. " The steady retreat in claims is a positive development, but the labor market has suff...

S&P 500 turns positive as Fed pledges support; Nasdaq rises over 1% S&P 500 turns positive as Fed pledges support; Nasdaq rises over 1%

The Dow and S&P 500 ended a choppy session lower on Wednesday after the Federal Reserve reassured investors of its support for the economy but projected a 6.5% decline in gross domestic product this year. The Nasdaq Composite was up 65.23 point...

Asia stocks set to fall on Fed's dour outlook Asia stocks set to fall on Fed's dour outlook

E-Mini futures for the S&P 500 fell 1.1 percent, while EURO STOXX 50 futures lost 2.2 percent and FTSE futures 1.6 percent. Hong Kong's Hang Seng index futures were 0.31 percent lower. European regulators have worked for years to reduce the mountai...

Ford and Volkswagen have inked a new alliance Ford and Volkswagen have inked a new alliance

Starting as early as next year, they will produce a new city van based on the latest VW Caddy. While the external appearance is expected to be unique between the two vehicles, it remains to be seen how much of the interior will be unique to Volksw...

Coronavirus: Starbucks to close 400 shops and promote ‘pickup’ concept for pandemic Coronavirus: Starbucks to close 400 shops and promote ‘pickup’ concept for pandemic

Even though economies started to reopen in May, Starbucks still expects sales to decline for the rest of this year. The company , which like other restaurants has had a hard time offering guidance, said Wednesday it expects to report an adjusted...

Lagarde defends ECB's coronavirus stimulus measures Lagarde defends ECB's coronavirus stimulus measures

The project is meant to protect commercial banks from the secondary effects of the crisis in the case that rising unemployment will deprive consumers of necessary income to repay loans. Christine Lagarde said Monday that the central bank's measures t...

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