Money

US Fed to provide up to $2.3T in face of pandemic

MORE NEWS THIS CATEGORIES

Oil drops over $1 on oversupply after OPEC+ delays meeting

Referring to the two countries, Trump told reporters at the daily White House coronavirus briefing "If they don't get along, I would do tariffs, very substan...

Apple to ship 1 mil face shields a week for medical workers

Chief executive Tim Cook said the company had sourced the shields through its global supply chain and that it was working with governments to distribute them wh...

Another market slump delivers worst week for Wall Street since 2008

On Thursday, the Dow plunged 1,190 points, the biggest one-day point drop in history. Doug Ramsey, chief investment officer of the Leuthold Group, said he w...

Italy March services PMI 17.4 vs 22.5 expected

The IHS Markit/CIPS purchasing managers' index (PMI) for March shows that both sectors shrank as the worsening coronavirus pandemic brought restrictions to th...

Liverpool puts non-player staff into partial unemployment

Several former Liverpool players, including German worldwide Dietmar Hamann, have also questioned the decision. Liverpool announced on Saturday that it will...

Ryanair keeps profit guidance, though March traffic halves

It is now operating fewer than 20 daily flights, or less than 1% of its normal schedule of more than 2,500 flights. In the last 12 months, about 149 million p...

GM And Honda Partner Up To Make New Electric Vehicles — GM

This time it's Japanese carmaker Honda and the American giant GM. The vehicle platform will be created to support Honda's driving character. Cruise Origin , an...

Will County Sheriff's Office says inmate tests negative for coronavirus

Kaiser is quoted saying in the release. Riverside County's public health officer on Saturday ordered all residents to cover their faces when leaving home, m...

Covid-19 impact: U.S. loses over 700000 jobs in March

As of Friday morning, more than 6,000 Americans died from the Covid-19. "If this is an indication of what was happening before the full force of the crisis hit,...

Hobby Lobby closing all stores, will furlough 'nearly all' employees

Many state and local governments have issued orders to close all nonessential businesses to curb the spread of COVID-19, the illness caused by the novel corona...

Coronavirus pushes Amazon to delay Prime Day shopping event

Amazon didn't immediately respond to a request for comment. The Indian Express is now on Telegram. Amazon said last month it would hire 100,000 employees to...

Greenleaf dairy farmer left with a lagoon of dumped milk

Now, he said the state is working to secure resources to help the farmers being hit hard. "Since most dairy products are perishable, dairy processors can only...

Donald Trump Trashes Chuck Schumer In Letter

After Trump's letter was released, aides to Schumer released a background memo showing the two leaders have had many phone calls this week, including two Thur...

Trump urges 3M to stop exporting respirator masks

Trump had earlier resorted to invoking a 1950 war act to require companies to prioritise medical equipment orders for the federal government during a public f...

Canada won’t retaliate against USA ban on medical supplies exports: PM

A statement from the company also warned of global anger in response to stopping the exports. 3M says it has already been turning out as numerous N95 masks...

WeWork facing crisis after SoftBank pulls takeover bid

SoftBank shares rose 2.5% while the broader Japan market fell. Townsend continued, 'Given our fiduciary duty to our shareholders, it would be irresponsible o...

Some Americans Could Be 'Months Away' From Getting Stimulus Checks

The IRS then will begin putting paper checks in the mail in early May. For instance, people with incomes above $US20,000 and less than $US30,000 will be sent ch...

Boeing to offer voluntary layoffs amid coronavirus crisis

The program would allow eligible workers to walk away from the company with a pay and benefits package. Calhoun said the company is adjusting to its "new real...

Fourth inmate at Oakdale Federal Prison dies of COVID-19

It added that inmates, "to the extent practicable", would still have access to programs and services that are usually offered under normal operations, such as m...

ADB sees slowdown for developing Asia-Pacific

The current account deficit is expected to continue narrowing to 2.8% of the gross domestic product in FY2020 based on the reduction in trade deficit resulting ...

Target to limit number of shoppers in stores USA TODAY

Masks and gloves will also be provided to Target's Shipt shoppers as they enter stores. The enhanced safety measures follow similar announcements by Amazon a...

Disney to furlough nonessential workers as coronavirus closures continue

In its latest good deed, Disney Parks helped out hospital workers and medical professionals by donating protective wear. Disney World has the largest number o...

The Coronavirus Small Business Loan Program: What You Need To Know

On March 25, the SBA expanded the Express Bridge Loan Pilot Program eligibility to include small businesses nationwide that have been adversely impacted by th...

Seniors will receive automatic COVID-19 stimulus payments

The IRS will calculate and automatically send payment to those eligible, meaning, "The vast majority of people do not need to take any action". The IRS reco...

Coronavirus: Emergency business loan scheme revamped after criticism

This is a national effort and we'll continue to work with the financial services sector to ensure that the £330 billion of government support, through loans and...

Banks bow to pressure and axe dividend payments

BRITAIN'S top banks have axed dividend payments after pressure from the regulator, saving their capital as a buffer against expected losses from the economic ...

Great time for long-term investors to put money into U.S.- Mnuchin

Mnuchin said he anticipated at least a "rough" second quarter for the USA economy from lockdowns that the authorities have imposed and President Donald Trump...

'US wants to shift the blame': China denies hiding coronavirus cases

An intelligence report submitted to the White House claims China concealed the true number of COVID-19 cases and deaths. The French news agency AFP repor...

Record 6.6M Americans filed for jobless benefits last week

Labor Department Thursday. "Nearly every state providing comments cited the COVID-19 virus", the report says. Expect extraordinarily weak economic reports ove...

Saudi Arabia Seeks Urgent OPEC+ Meeting To Stabilise Oil Market

With gains remaining substantial over Wednesday's closing levels, "traders are taking the view the two feuding nations. will come to some agreement in term of l...

BA leaves Gatwick, moves all London flights to Heathrow T5

British Airways is one of the airlines helping the government to bring home hundreds of thousands of British people stranded overseas. EasyJet ( EZJ.L ) annou...

U.S. jobless claims surge to record 6.6 MILLION amid coronavirus lockdown

A total of 6.65 million people filed jobless claims in the week ended March 28, according to Labor Department figures released Thursday, as many stores and rest...

Home Depot Stops Selling N95 Masks, Will Donate Supplies to Hospitals

Home Depot launched new safety measures Wednesday that include limiting the number of customers who will be allowed in the store at any given time. Costco has a...

Trump says he expects Saudi-Russia oil production deal in coming days

Oil rounded off its worst quarter by the end of March as prices plunged 70 per cent from the start of the year, even as US President Donald Trump attempted to b...

Eurozone March final manufacturing PMI 44.5 vs 44.8 prelim

Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March. "The manufacturing sector was knocked sideways by the imp...