Second Federal Inmate Dies From COVID-19

Four inmates have died from COVID-19 at FCI Oakdale federal prison in Louisiana in a span of five days, and new coronavirus infections continue to skyrocket at the low-security facility among both staff and prisoners despite efforts to contain th... More..

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Trump Issues 4-Point Clarification to Schumer in Blunt Letter
by | Saturday, April 04, 2020

Trump Issues 4-Point Clarification to Schumer in Blunt Letter

Trump released the letter to Schumer after the NY senator sent his own letter asking the president to name a military official as a czar to oversee production and disbursement of medical equipment and invok...More..

Pandemic to cut Asian growth to 2.2%, worst since 1998 crisis: ADB
by | Saturday, April 04, 2020

Pandemic to cut Asian growth to 2.2%, worst since 1998 crisis: ADB

Growth in South Asia's largest economy, India , is forecast to remain subdued after a sharp slowdown in 2019, with expansion for fiscal year 2020 seen slowing further to 4.0%, before strengthening to 6.2% in f...More..

Target to Limit Number of Customers in Stores
by | Friday, April 03, 2020

Target to Limit Number of Customers in Stores

Occupancy limits will vary by store and based on a specific location's square footage "to enhance the average space per person and reduce the possibility of congestion", Target said. Now, Target is going one st...More..

Disney to furlough some park employees starting April 19
by | Friday, April 03, 2020

Disney to furlough some park employees starting April 19

The company said that it has continued paying and providing benefits to its employees despite its theme parks closing last month to help prevent the spread of COVID-19. Over the last few weeks, mandatory decr...More..

Details of COVID-19 Stimulus Package for Local Small Business Owners
by | Friday, April 03, 2020

Details of COVID-19 Stimulus Package for Local Small Business Owners

Small Business Administration. Small businesses and eligible nonprofit organizations, Veterans organizations and Tribal businesses described in the Small Business Act, and individuals who are self-employed or...More..

COVID-19 Stimulus Checks: Do Social Security Recipients Qualify?
by | Friday, April 03, 2020

COVID-19 Stimulus Checks: Do Social Security Recipients Qualify?

The congressional memo also says people on Social Security won't have to do anything to get their payments - the rebate will be sent to them just as their Social Security checks are. After getting pushback from...More..

UK plugs loan gap for firms teetering under coronavirus strain
by | Friday, April 03, 2020

UK plugs loan gap for firms teetering under coronavirus strain

Alongside changes to the original scheme, a new Coronavirus Large Business Interruption Loan Scheme (CLBILS) will ensure that more companies are able to benefit from government-backed support during this hard t...More..

HSBC and Standard Chartered shares dive after dividends scrapped
by | Friday, April 03, 2020

HSBC and Standard Chartered shares dive after dividends scrapped

The five largest banks in the United Kingdom had originally planned for 7.4 billion pounds ($9.3 billion) in dividend payments over the next two months. On the continent, the European Central Bank already asked...More..

Mnuchin lays out when Americans can expect their coronavirus rescue package checks
by | Friday, April 03, 2020

Mnuchin lays out when Americans can expect their coronavirus rescue package checks

He added, "I do know we will kill this virus, and when we do, I have great confidence the economy will become roaring back". The Treasury Secretary additionally had just right information for American citizen...More..

Coronavirus: China hid scale of outbreak - U.S. intelligence report
by | Thursday, April 02, 2020

Coronavirus: China hid scale of outbreak - U.S. intelligence report

A man wears a protective mask on February 10, 2020 in the Hubei city of Wuhan , China. The report said that China's reporting on confirmed cases of the CCP virus and death toll figures are intentionall...More..

Coronavirus drives 6.65 mn to file for U.S. jobless benefits
by | Thursday, April 02, 2020

Coronavirus drives 6.65 mn to file for U.S. jobless benefits

Last week was " the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series , the DOL said". "Nearly every state providing comments cited the COVID-19 virus". Tempor...More..

Saudi Arabia Seeks Urgent OPEC+ Meeting To Stabilise Oil Market
by | Thursday, April 02, 2020

Saudi Arabia Seeks Urgent OPEC+ Meeting To Stabilise Oil Market

Mr Trump has been working furiously to bring an end to the spat between the two largest oil producing nations in the world, as he eyes dizzying job losses in the USA oil sector brought about by the fall in oil ...More..

Coronavirus: British Airways expected to furlough 36,000 staff
by | Thursday, April 02, 2020

Coronavirus: British Airways expected to furlough 36,000 staff

Its parent company has said flying capacity would be down 75 per cent in April and May. British Airways is suspending all its flights at Gatwick airport, becoming the latest carrier to stop serving the UK's...More..

Jobless claims double last week's record high with 6.6 million
by | Thursday, April 02, 2020

Jobless claims double last week's record high with 6.6 million

The figures far exceeded the median estimate of 3.50 million in a Reuters survey of economists. The released figures are much higher than forecasts cited by various media, as economists expected the number of...More..

Costco to limit number of customers who can enter per membership
by | Thursday, April 02, 2020

Costco to limit number of customers who can enter per membership

It will also limit the number of customers in a store at any given time, according to the news release. Many states have told restaurants, bars and other businesses to close, and some have ordered people to s...More..

As Storage Space Runs Out, Oil Prices Could Go Negative
by | Thursday, April 02, 2020

As Storage Space Runs Out, Oil Prices Could Go Negative

Saudi Arabia has made good on its pledge to ramp up oil exports in April, with a first wave of crude already on its way toward Europe and the United States, a clear sign the price war remains in full swing. "Th...More..

GBP/USD Little Changed After Manufacturing PMI Falls Back Into Contraction
by | Thursday, April 02, 2020

GBP/USD Little Changed After Manufacturing PMI Falls Back Into Contraction

The AIB IHS Markit manufacturing Purchasing Managers' Index ( PMI ) fell to 45.1 from February's 51.2, its worst reading since May 2009. Stocks of purchased decreased in March and the delivery of purchased ...More..

Oil falls to $25 as oversupply fears mount
by | Thursday, April 02, 2020

Oil falls to $25 as oversupply fears mount

OPEC president Algeria, which has been instrumental in organizing the producer group's efforts to support the market, had been among the members pushing for a gathering of OPEC's Economic Commission Board (ECB)...More..

Marriott discloses data breach affecting 5.2 million guests
by | Thursday, April 02, 2020

Marriott discloses data breach affecting 5.2 million guests

Marriott says information on "up to approximately 5.2 million guests" may have been stolen. While the incident is still being investigated, Marriott has said that it has no reason to believe driver license nu...More..

Surprising factory activity numbers in China, according to Beijing stats office
by | Wednesday, April 01, 2020

Surprising factory activity numbers in China, according to Beijing stats office

Economists had on average expected an improvement to 45 but with activity remaining below the score of 50 that separates growth from shrinkage. China's non-manufacturing PMI improves from February's 29.6 to 5...More..

Another Plunge Takes Crude Benchmarks To Lowest Levels Since 2002
by | Wednesday, April 01, 2020

Another Plunge Takes Crude Benchmarks To Lowest Levels Since 2002

The prices dipped on the heels of a WTI crude oil drop below $20 for the first time since February 2002. USA crude registered a 66 percent drop in the first quarter, the largest one-quarter percentage drop ...More..

Gas prices continue to drop, lowest in WI under $1 per gallon
by | Tuesday, March 31, 2020

Gas prices continue to drop, lowest in WI under $1 per gallon

The goal behind the low prices? We could easily see the national average fall 50 cents to a dollar per gallon, while pricey states like California will see the biggest drops to come, playing catch up to the d...More..

Wall Street heads for its worst first quarter ever
by | Tuesday, March 31, 2020

Wall Street heads for its worst first quarter ever

President Donald Trump said on Sunday he hopes the country will " be well on our way to recovery " by June 1. The healthcare sector was the second-biggest boost to the benchmark index as progress on cor...More..

Shortage Of Condoms Approaching Due To Coronavirus LockdownGuardian Life
by | Tuesday, March 31, 2020

Shortage Of Condoms Approaching Due To Coronavirus LockdownGuardian Life

While the company has been permitted to restart production as of Friday, only 50 percent of the company's workforce were allowed to resume duties under a special exemption. But it seems that the month-long shut...More..

Royal Caribbean Extends Cancellation Policy Through Sep 1
by | Tuesday, March 31, 2020

Royal Caribbean Extends Cancellation Policy Through Sep 1

Carnival Corp, also the operator of two coronavirus-stricken Princess cruises, has already temporarily suspended several of its ships due to concerns over the rapidly spreading COVID-19 crisis earlier this mont...More..

Air Canada to lay off 15000 staff due to COVID-19 pandemic
by | Tuesday, March 31, 2020

Air Canada to lay off 15000 staff due to COVID-19 pandemic

The transaction is also key to strengthening Air Canada's position as an worldwide player in an industry that has transformed from a heavily regulated point-to-point model to a more free-market hub-and-spoke ...More..

COVID-19: Barca players to cut wages to help club staff
by | Tuesday, March 31, 2020

COVID-19: Barca players to cut wages to help club staff

Captain Lionel Messi said the move was delayed as the players were "looking for a formula to help the club". "For that reason, we can not help but be surprised by the fact that from within the club there ar...More..

GeekWire: Amazon employee at Seattle-area warehouse tests positive for COVID-19
by | Monday, March 30, 2020

GeekWire: Amazon employee at Seattle-area warehouse tests positive for COVID-19

Following several alarming reports about Amazon's meager response to the covid-19 pandemic, USA lawmakers are demanding answers regarding how the richest corporation in the world plans to keep its employees saf...More..

CFIB statement on details of the Canada Emergency Wage Subsidy
by | Monday, March 30, 2020

CFIB statement on details of the Canada Emergency Wage Subsidy

Most Canadians are entering the third week of a COVID-19 slowdown that has them keeping their distance from all but immediate family members, and some provinces are starting to report a slowdown in the rate of ...More..