Saturday January 29-th, 2022

Coronavirus Layoffs Keep Coming as Jobless Claims Top 45 Million Coronavirus Layoffs Keep Coming as Jobless Claims Top 45 Million

Statewide new claims now total over 2.7 million since March. People line up outside Kentucky Career Center prior to its opening to find assistance with their unemployment claims in Frankfort, Kentucky, on Thursday. In the week ending June 13, Cal...

Over 600,000 people lose their jobs during lockdown Over 600,000 people lose their jobs during lockdown

Yesterday, Jaguar Land Rover announced job cuts - with as many as 1,100 believed to be at risk - after it posted a £422m pre-tax loss for the year to March, while last week a series of job cuts was unveiled by vehicle manufacturers and auto dealer ...

649 new unemployment claims filed in Northeast Tennessee; statewide numbers continue decline 649 new unemployment claims filed in Northeast Tennessee; statewide numbers continue decline

Almost 3,000 more Mainers filed first-time claims for unemployment in the week ending June 13, according to Maine's Labor Department . For the week that ended May 30, almost 9.3 million people claimed Pandemic Unemployment Assistance benefits in 4...

Kudlow Urges Replacing Unemployment Benefit Boost With Return-to-Work 'Bonus' Kudlow Urges Replacing Unemployment Benefit Boost With Return-to-Work 'Bonus'

Kudlow said yesterday the extra $600 creates a disincentive for Americans to get a job. In the event of a second wave, the nation's economy - the world's largest - would likely shrink by 8.4 percent and grow by 1.9 percent next year, the OECD sa...

Microsoft launches ‘Money in Excel’ to help users manage finances Microsoft launches ‘Money in Excel’ to help users manage finances

The new feature " Money in Excel" is basically a new template and add-on for Excel users. As you'd expect from Excel, a number of charts and tables are available to summarize your spending, but users can create their own as well as setup unique sp...

Get ready for no-deal Brexit, Germany warns EU Get ready for no-deal Brexit, Germany warns EU

Speaking to the House of Commons' EU security and justice sub-committee on Tuesday morning, Labour peer Lord Rowlands asked security minister James Brokenshire about security arrangements after the transition period ends . Germany is calling on the ...

Hertz Bankruptcy Court Approves $1B Stock Sale

The company's stock closed at 55 cents on May 26, since then it has risen more than five-fold in value. Approval of the sale comes a day after Hertz submitted an emergency filing to the court Thursday asking permission to potentially sell 246.8 m...

Market Wrap, June 17: Heres all that happened in the markets todays Market Wrap, June 17: Heres all that happened in the markets todays

Equity indices finished in red on Monday with the benchmark BSE sensex falling over 550 points, dragged by banking and financial stocks, amid weak cues from global markets and persistent foreign fund outflow. Although uncertainty in the global fina...

Annual inflation rate falls to -0.4% in May: Statistics Canada Annual inflation rate falls to -0.4% in May: Statistics Canada

Clothing and footwear price tags fell 3.1 per cent as retailers resorted to heavy discounts amid the lockdown. This is 0.06 percent points higher than the rate recorded in April 2020 (12.34) percent. "This in turn will keep the pressure on the Bank o...

Australia says borders likely to stay closed until 2021 Australia says borders likely to stay closed until 2021

The government hopes trade agreements with Australia and New Zealand will aid the coronavirus recovery by opening up new markets for businesses and creating jobs. These are being addressed at the World Trade Organisation in Geneva and New Zealand d...

United Kingdom and European Union not that far off on trade talks United Kingdom and European Union not that far off on trade talks

The talks, that kicked-off on Monday, were held directly for the first time since United Kingdom left the bloc at the end of January. Mr. Johnson has refused to waver on the Dec. "We can not accept the UK's attempts to cherry-pick parts of our sing...

Australia to spend $1 bln more on infrastructure,… Australia to spend $1 bln more on infrastructure,…

He said Australia must be careful not to spend too much. Prime Minister Scott Morrison will announce cash for road projects of fast tracking 15 major projects at the State of the Nation conference today. Announcing another A$1.5 billion (S$1.43 b...

United States airlines may ban passengers who refuse to wear face masks United States airlines may ban passengers who refuse to wear face masks

By now, everyone knows that wearing a face mask is one of only a couple almost-surefire ways to protect yourself from contracting the coronavirus . Passengers flying with some U.S. carriers during the coronavirus pandemic who refuse to wear a face...

New Lexus IS features fresh styling, new tech and enhanced chassis New Lexus IS features fresh styling, new tech and enhanced chassis

In particular, the model was tested and developed at the Toyota Technical Center Shimoyama and is the first vehicle to feature the new " Lexus Driving Signature". The new IS 300 features the Lexus Driving Signature. In early photos, the rear bumpe...

Tesla Model S update extends certified range to 647 kilometres Tesla Model S update extends certified range to 647 kilometres

Then things got a little unusual. That 391-mile claim was initially refuted by Elon Musk, who said the tester left the car's door open overnight, draining the battery by two percent and skewing the results shorter. The 402-mile figure represents ...

Fed will start buying corporate bonds now Fed will start buying corporate bonds now

The Fed will use an indexing approach when making purchases, aiming to create a portfolio that is based on a broad, diversified market index of U.S. Banks and other large investors were dumping assets in favor of cash. The Fed said on Monday th...

Ford plans to unveil new Bronco - on O.J. Simpson’s birthday Ford plans to unveil new Bronco - on O.J. Simpson’s birthday

In an Instagram post from June 13, Ford confirmed the Bronco's return on July 9. Ford's new Bronco will get a lot of attention, especially due to its debut date - July 9, O.J. But Ford says the timing was "purely coincidental". That doesn't mak...

Oil prices rise on supply cuts, improving demand Oil prices rise on supply cuts, improving demand

OPEC+, agreed this month to extend production cuts of 9.7 million barrels per day through July. "We need someone to fill in that gap, otherwise we are going to have shocks in. That success depends on all OPEC+ members meeting their quotas, as well ...

USA retail sales soar as Americans head back to the shops USA retail sales soar as Americans head back to the shops

But last month's sales were still down about 6.1 percent compared to May 2019 and about 8 percent lower than the $527 billion recorded in February, before the coronavirus upended the United States economy. Economists had been expecting the figure, wh...

Apple's App Store facilitated transactions worth $500 billion in 2019 Apple's App Store facilitated transactions worth $500 billion in 2019

The other will look at Apple Pay, which allows users to make payments using their devices. The study , backed by Apple, marks the first time the company has sought to quantify App Store activity that does not produce a commission for Apple.

Twitter announces Juneteenth is official company holiday Twitter announces Juneteenth is official company holiday

He added in a follow-up tweet that Twitter and Square will work to make company holidays of days celebrating emancipation in other countries where it operates. The announcement comes as other large American companies have voiced their support for...

US retail sales post record resurgence in May US retail sales post record resurgence in May

The bounce smashed the previous record rise of 6.7pc in October 2001, when Americans resumed spending after the September 11 terrorist attacks. The bounce retraces only a portion of the sales drop registered in the record back-to-back declines in t...

Shropshire unemployment claims rise as coronavirus lockdown rocks economy Shropshire unemployment claims rise as coronavirus lockdown rocks economy

Figures for the West Midlands show the numbers claiming unemployment benefits, including Universal Credit, were up 47,305 to 265,030 (7.3 per cent). Many companies have already announced permanent layoffs of workers. He added: "More detailed employ...

EasyJet resumes flying with COVID-19 measures in place EasyJet resumes flying with COVID-19 measures in place

That is a fraction of the usual number, with the carrier having had to cancel around 47,000 flights in April after lockdown began. The first flight from the United Kingdom took off from London Gatwick at 07:00 this morning for Glasgow. Grant Shapps...

Petrol, diesel price likely to be increased further Petrol, diesel price likely to be increased further

In the last 10 days, petrol price has been hiked by Rs 5.47 per litre and diesel by Rs 5.80 per litre, adding to the woes of consumers battling the fallout of coronavirus. The Congress leader also reminded how Mr. Modi used to taunt the UPA governm...

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