Friday January 28-th, 2022

New Unemployment Claims Are Up For The First Time In 4 Months New Unemployment Claims Are Up For The First Time In 4 Months

But claims for Pandemic Unemployment Assistance, which helps people who are self-employed or who don't qualify for regular unemployment compensation, rose almost 20,000 to about 975,000. Plus, over 15 million are receiving benefits through other unem...

S&P 500 set to snap winning streak as labour market rebound slows S&P 500 set to snap winning streak as labour market rebound slows

A report in the last hour of trading said that the GOP is looking to extend federal unemployment benefits through December 31 at $100/week. USA stocks closed higher on Monday as the potential for further economic stimulus and various novel coronavi...

Apple wins tax battle with European Union and avoids $15bn payout Apple wins tax battle with European Union and avoids $15bn payout

Ireland, Apple and the European Commission now have two months to decide if they want to appeal the latest court ruling. In a statement , the Irish government said it was pleased with the ruling. In many cases, multinationals can pay taxes on th...

How JobKeeper and JobSeeker changes will affect you How JobKeeper and JobSeeker changes will affect you

This replaces the previous $1500 fortnightly payment. The JobKeeper wage subsidy will be extended until March 2021 at a lower rate . The Government's JobSeeker payments will also be extended beyond September. We're adjusting the COVID supplement...

Job Picture Worsens: Millions More File For Unemployment, In Reversal

The Ohio Department of Job and Family Services (ODJFS) has reported a decrease in the number of Ohioans who filed initial jobless claims for the week of July 12 through July 18, according to a release. Malls, restaurants and hair salons in the larges...

No-deal can be a possible result of post-Brexit trade talk No-deal can be a possible result of post-Brexit trade talk

Since Britain left the bloc in January , talks on a trade agreement and other ties have all but stalled , with each side accusing the other of failing to compromise before a transition period runs out at the end of this year. "The prime minister al...

More than 1.4M Americans filed for unemployment benefits last week

New claims for unemployment benefits around the country rose for the first time in four months. But claims for Pandemic Unemployment Assistance, which helps people who are self-employed or who don't qualify for regular unemployment compensation, ro...

China ties dip further, Houston consulate to shut China ties dip further, Houston consulate to shut

The staff were seen burning documents in the yard at the back of the building. As of this writing, however, no USA official had raised specific cases of espionage allegedly based out of the Houston consulate or offered any further explanation of t...

American Airlines posts second quarterly loss as COVID-19 hammers demand American Airlines posts second quarterly loss as COVID-19 hammers demand

American's total revenue for the second quarter reached $1.6 billion, down 86% compared to the prior year. Following cost-saving moves such as retiring four aircraft types and voluntary leave for thousands of employees, American reduced its daily c...

Pompeo to Deliver Speech on China as Tensions Escalate Between 2 Countries Pompeo to Deliver Speech on China as Tensions Escalate Between 2 Countries

The number of insulting mails received by the embassy also surged recently, said the source, adding the Chinese embassy and consulates in the USA have reinforced its security measures accordingly. Cavince Adhere, an worldwide relations researcher spe...

SpiceJet becomes 1st Indian budget carrier to operate flights to the US SpiceJet becomes 1st Indian budget carrier to operate flights to the US

Spicejet now operate single aisle narrow body aircrafts for it domestic flights and also worldwide operations to the gulf countries under Mission Vande Bharat. A SpiceJet spokesperson was not immediately available for comment. "It will be hard to ...

Greece says 'illegal' actions of Turkey threaten North Atlantic Treaty Organisation cohesion Greece says 'illegal' actions of Turkey threaten North Atlantic Treaty Organisation cohesion

Greece's foreign minister on Tuesday said "illegal" behaviour of Turkey in the Eastern Mediterranean was threatening the cohesion of North Atlantic Treaty Organisation and Ankara's relations with the European Union. Ankara said the location was "enti...

China consulate closed by U.S. after 'documents burned' - furious Beijing vows action

The men were accused of targeting firms which are developing vaccines for the coronavirus and of stealing hundreds of millions of dollars worth of intellectual property and trade secrets from companies across the world. The consulate is one of five...

Accusations of spying behind closure of Chinese consulate in Houston Accusations of spying behind closure of Chinese consulate in Houston

Consular Treaty, said Chinese Foreign Ministry spokesperson Wang Wenbin . "Otherwise, China will definitely make a proper and necessary response". The U.S. has withdrawn Hong Kong's special trade status and imposed visa restrictions on sever...

S&P 500 Index opens little changed as risk rally takes a break S&P 500 Index opens little changed as risk rally takes a break

Tesla Inc TSLA.O fell 4.5%, retreating from Monday's record closing high after JPMorgan Chase downgraded the electric vehicle maker's stock to "market perform". Defense industrial Lockheed Martin Corp topped quarterly consensus estimates and raised ...

Oil gains as vaccine hopes edge out rise in infections Oil gains as vaccine hopes edge out rise in infections

In the first big energy deal since the coronavirus crushed fuel demand , Chevron Corp said, on Monday, it would buy oil and gas producer, Noble Energy Inc, for about $5 billion in stock. President Donald Trump said that the outbreak would probably...

Elon Musk qualifies for another fat payday: $2.1 billion Elon Musk qualifies for another fat payday: $2.1 billion

Tesla Chief Executive Elon Musk qualified on Tuesday for a payout worth an unprecedented $2.1 billion, his second jackpot since May from the electric vehicle maker following its massive stock surge. Without the credits, the 17-year-old company woul...

BHP Q4 iron ore output up 7pct BHP Q4 iron ore output up 7pct

Although BHP's quarterly output was higher, its production forecast of between 276 MT and 286 MT of iron ore for the 2021 financial year fell short of analyst estimates. Last week, rival miner Rio Tinto revealed it had also recorded a lift in iron or...

Silver price surges to highest in seven years Silver price surges to highest in seven years

On Wednesday, silver prices closed at ₹59295 per kg for the first time since December 2012. If you look at silver you can see that the current price is less than half of what the record high has been (at around $50). "Comex gold has breached the im...

Qantas’ last 747 leaves Australia by creating flying kangaroo logo in sky Qantas’ last 747 leaves Australia by creating flying kangaroo logo in sky

The much-loved aircraft treated Sydney-siders to one final farewell, performing a flyby of Sydney Harbour and Bondi Beach before flying over the HARS Aviation museum, where Qantas' first 747-400 remains on display. According to Qantas, the airline ha...

Trump says closing more Chinese consulates in USA 'always possible' Trump says closing more Chinese consulates in USA 'always possible'

The U.S. has issued new travel rules for diplomats and also required some Chinese state news organizations to register as diplomatic entities. The administration of U.S. The consulate staff had been told they would be evicted from the building at...

Euro Climbs to Highest in Almost Two Years on EU Deal Enthusiasm Euro Climbs to Highest in Almost Two Years on EU Deal Enthusiasm

TOKYO, July 22 ― The dollar nursed losses against most currencies today, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of United States economic stimulus measures. The move marked a further...

Canada's inflation rate up in June Canada's inflation rate up in June

Canada's consumer-price index increased 0.7% on a year-over-year basis in June, Statistics Canada said Wednesday, compared with a 0.4% decline in the previous month. The stronger-than-anticipated advance followed two months of annual price declines a...

Alibaba-backed EV maker Xpeng raises US$500m Alibaba-backed EV maker Xpeng raises US$500m

The fundraising follows a $ 400 million round in November . Xpeng is increasing its chances of staying a viable contender in the world's largest electric-car market, where it competes with sales leader Tesla Inc., local peers such as NIO Inc...

Australian dollar climbs to 15-month high, as Nasdaq technology stocks decline Australian dollar climbs to 15-month high, as Nasdaq technology stocks decline

USA markets lost steam in late trading but benchmarks still managed to close in the green, eking out fresh recovery highs on the news that the European Union reached an agreement on a massive coronavirus recovery fund. There was a mixed performance o...

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