Finance

Feds to cover up to 75% of small business salaries: Trudeau

The Wall Street Journal, citing an unidentified US official, reported late Thursday that the Trump administration had dropped its consideration of the plan. How...


Wednesday's Stock Market Open: US Equities Drifting Despite Agreement On Stimulus Bill

As states throughout the nation stay in or go into lock-down, President Donald Trump despatched a letter to governors Thursday, suggesting the White House was...


Elon Musk twist his arm and will make fans for USA hospitals

On Thursday, Musk tweeted that his vehicle company had been working with Medtronic to start making ventilators. "Biggest value Tesla is providing is pre...


Moratorium includes credit card payments also: RBI

This reduction in CRR by one percentage point of total deposits will release Rs 1.37 lakh crore to banks . In a number of my previous articles, I have argued...


Cruise lines excluded from Senate's $2 trillion stimulus bill | TheHill - The Hill

To be eligible for relief, a company must be "created or organized in the United States or under the laws of the United States" and "have significant operations...


Trump raises prospect of ordering GM, Ford to manufacture ventilators

Reports state that while the deal had been struck for an initial order of 20,000 ventilators, General Motors has estimated the delivery of fewer than 7500 ...


Trump demands GM, Ford produce ventilators 'immediately'World

As the agency has sorted through offers, trying to weigh production ability and costs, hospitals in NY and elsewhere are reporting a desperate need for more ven...


More than 17k filed for unemployment in NM last week

Have you lost your job? Speaking later on Thursday morning, Treasury Secretary Steven Mnuchin downplayed last week's surge in unemployment claims in an interv...


Bank of Canada Lowers Interest Rate

Bank governor Stephen Poloz is scheduled to discuss the rate cut during a teleconference with reporters this morning. The spread of COVID-19 is having serious...


What Trudeau is offering small businesses struggling amid COVID-19

Trudeau also pointed out millions more pieces of medical equipment are coming soon. The Prime Minister said he hopes hopes that employers feeling pushed tow...


EMIs Put on Hold, Interest Rate Cut: RBI

The Reserve Bank of India (RBI ) on Friday cut benchmark interest rate by 75 basis points to 4.4 percent. The central bank also reduced the reverse repo rate b...


Trump blasts GM, Ford over ventilators; could order action

The president explained in a later tweet that "P" stood for the Defense Production Act , which many USA governors have been demanding that Trump use to comp...


Tesla to deliver Medtronic coronavirus ventilators to NY Thursday

The state has approved the technology to split ventilators across two patients at a time, Cuomo said, but admitted that it is "not ideal but we believe is worka...


Chancellor offers a lifeline to the self-employed

Questions have been raised over chancellor Rishi Sunak's support package offered to the self-employed, 26 March. "I am hoping and expecting these people are...


This is how much money you could get from the stimulus bill

In addition, the payments would include an additional $500 per child who is 16 years and under for parents beneath the income threshold. Couples who file joint ...


Amazon, Publix, Walmart Hiring Thousands In Florida Amid Coronavirus Shopping Surge

Anyone interested in applying can fill out an application here. The company is looking for part- and full-time delivery drivers, pizza cookers, customer service...


Who qualifies for a relief check in the $2 trillion stimulus package?

The Post article also includes a stimulus payment calculator . "It is more realistic to expect them in a month or two". Gig workers, like Uber drivers and ...


Wall Street jumps on hopes of US$2 trillion stimulus

The CBOE volatility index .VIX fell 2.9 points, but was still near levels far above those in 2018 and 2019. The S&P 500 futures rallied 59.12 points, or 2.42%...


Unemployment soars with 4,428 claims filed from Whatcom County residents last week

And the level was astronomical compared to the prior week's 282,000 claims, and the 190,023 initial claims filed during the comparable week in 2019. The previ...


White House and Senate strike deal on $2 trillion stimulus package

By Wednesday morning, 199 New Yorkers had died from the disease and confirmed cases had reached 17,856. Senate Minority Leader Chuck Schumer said on th...


United States senators make progress toward voting on $2 trillion coronavirus bill

The bill also includes $367 billion for a small business forgiveness loan program and a one-time check of $1,200 for Americans who make up to $75,000 per year...


US Senate passes $2 trillion COVID-19 aid package

The bill sets aside $250 billion for direct payments to individuals and families, $350 billion in small business loans, $250 billion in unemployment insurance...


Why the horrific jobless claims report is actually worse

The mandated closures prompted business owners ranging from chain clothing stores to local restaurants to lay off employees. Schools have been shut down and w...


Workers In 8 Amazon Warehouses Test Positive For Coronavirus

This news comes shortly after Amazon temporarily closed one of its NY delivery stations due to an employee contracting the virus. In order to keep employe...


Rescheduled Tokyo Olympics need sacrifices from all stakeholders: Bach

The Tokyo Olympics could take place earlier than the summer of 2021, International Olympic Committee President Thomas Bach said Wednesday. The company had...


US Stocks Struggle Early after Tuesday's Overcooked Rally

The 9.3% rise in the benchmark S&P 500 was part of a global rally which saw the Europe-wide Stoxx 600 finish up 7.5%, London's FTSE 100 end up 9%, Frankfurt's D...


Coronavirus aid bill bars Trump, family from benefiting from hospitality industry loans

Schumer said the deal was meant as a "Marshall Plan" for hospitals and medical needs. It could also lead to potential changes to the legislation that would have...


Oil prices fall as demand woes eclipse US stimulus

Oil prices continued their rally into Wednesday morning in Asia after the American Petroleum Institute (API) reported a drop in the US crude oil supply. Senate...


France tightens lockdown measures to contain spread of coronavirus

Salomon reported 240 new deaths from coronavirus on Tuesday for a total of 1,100, an increase of 28% that made France the fifth nation to cross the 1,000-fa...


Sixers respond to report about employee salary reductions

Billionaire Josh Harris issued a press release, announcing the reversal. The decision came hours after Harris Blitzer Sports and Entertainment informed full...


Wall Street surges on expectation of $2 trillion rescue package

Boeing gained more than 17% to lead the Dow higher. Shares of Wynn and MGM Resorts were up more than 11%. In the USA, an initial look at the S&P 500 sectors s...


Trump hopes US will be reopened by Easter amid coronavirus outbreak

The president on Tuesday repeatedly invoked the common influenza to justify his thinking, arguing the country is not "turned off" because of the thousands of de...


Fed opens unlimited 'quantitative easing' to stabilize US economy

The Federal Reserve also said it "expects to announce soon the establishment of a Main Street Business Lending Program to support lending to eligible small-...


Brent crude drops to $25, demand drops by about 10%

The plan comes as the nearest timespread for the USA benchmark indicated its deepest oversupply since 2016. Talks between the two countries of cutting back prod...


Amazon temporarily raises overtime pay for warehouse workers

Lawmakers have urged companies to do a better job protecting workers, especially those at warehouses and grocery stores who do not have the luxury of working fr...