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Unemployment: 730,000 jobs lost since coronavirus lockdown started

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Tesla to deliver Medtronic coronavirus ventilators to NY Thursday

The governor said the state had about 4,000 ventilators when the crisis began and has since bought 7,000, but as many as 30,000 will be needed when it reach...

Oil Falls as Sinking Demand Outweighs Stimulus Hopes

On the Multi Commodity Exchange, crude oil for delivery in April traded higher by Rs 103, or 5.5 per cent, to Rs 1,976 per barrel in 27,659 lots. US crude fut...

Discount retailers, groceries, Amazon ramping up hiring amid coronavirus buying frenzy

CVS says it plans to use virtual job fairs , virtual interviews and virtual job tryouts during its hiring process. The bonus is for all USA hourly associa...

What Car Stuff Will You Buy With Your $1200 Stimulus Check?

The package provides one-time payments to individuals, but the amount differs based on how much money you make annually. "The main people excluded from receivin...

170 new cases of coronavirus in Ontario, total reaches 837 active cases

The new funding is included in the province's one-year fiscal outlook introduced today in the legislature, which includes a total of $3.3 billion in new health ...

COVID-19: Congress Proposing Digital Dollar as Part of Stimulus Package

In particular, the incentive could be without a digital system, but a digital system that is accessible to anyone with internet access would likely increase the...

Million People File Jobless Claims, Smashing Previous Record Amid COVID-19 Outbreak

In California alone, more than a million people have applied for unemployment benefits this month, Gov. Gavin Newsom said Wednesday. In the Labor Department'...

What's in the $2-Trillion Coronavirus Bailout

The bill is the third congressional effort to aid America in the grip of the outbreak and is the largest effort taken thus far. Graham is one of a handful of ...

Coronavirus impact: Centre to provide Rs 170000 crore relief package

She said, "The government has been working so that does affected directly, particularly the poor and the disadvantaged be reached out to". "We are looking both ...

Gold rate today drops amid rush for cash

The Fed also set up programs to ensure credit flows to corporations as well as state governments. Goldman also highlighted the rise in deficits in developed eco...

Straighten out relief-bill's last-minute glitches, and get help on its way

A vote to amend the bill to cap the unemployment benefits failed Wednesday night. The massive bill - which would be the largest economic stimulus measure ever...

How major United States stock indexes fared Wednesday

While markets had rocketed as much as 17% higher over the last two days, with stock index ETFs such as the SPDR S&P 500 ETF Trust (SPY ) up to Tuesday to the t...

White House and Congress reach deal on $2 trillion virus rescue bill

Majority Leader Mitch McConnell criticized Democrats for blocking two procedural votes that pushed back the timeline for passing the relief package. A Senate ...

Oil Prices Up on Drop in Supply

ING on Wednesday slashed its Brent crude price forecast for the second quarter to $20 a barrel from $33 due to the coronavirus outbreak and an expected supply s...

Workers in 8 Amazon Warehouses Test Positive for CCP Virus

The Amazon facilities at which the employees were tested positive are Queens and Staten Island , New York, Shepherdsville, Kentucky , Jacksonville , Flori...

The Fed continues to struggle to keep the economy afloat

The blue-chip index sank 7.4 per cent on Monday in its biggest one-day drop since a record 8.3 per cent plunge on Oct 24, 2008, during the global financial cris...

Dow sees biggest 1-day gain since 1933

Early Monday, however, there was a spike in premarket trading after the Fed announced a series of additional measures to juice the economy. In a note on Tuesd...

Coronavirus: Australia limits funerals to 10 people

Shane Warne was among a number of Australian sporting stars to hit out at Scott Morrison on Tuesday night after the Prime Minister's "confusing" press confer...

Republicans Close to Conceding to Some Democratic Demands on Coronavirus Aid Package

The package would give direct payments of up to $3,000 to most US families, and provide some $367 billion to a program for small-business loans to help them kee...

Trump Wants US 'Opened Up' by Easter

The permanent damage that could inflict on the U.S. economy "would be hard to ever recover from". He said . "No American is going to say 'accelerate the econom...

Amazon's Bezos warns 'Coronavirus will get worse before it gets better'

According to him, Amazon has changed its logistics, transportation, supply chain, purchasing, and third party seller processes to prioritize stocking and del...

Australia’s Government Services Website Crashes Amid Virus Pandemic

Allegedly staff are operating a " one in one out " system to abide by social distancing rules. Government Services Minister, Stuart Robert, claims the site is...

Boeing to suspend production at Washington facilities

Boeing plans to begin reducing production activity today and projects the suspension of such operations to begin on Wednesday, March 25, at sites across the Pug...

Oil falls more than US$1 as coronavirus spreads

At 09:28 GMT, May WTI crude oil is trading $24.83, up $1.47 or +6.29% and June Brent crude oil is at $28.51, up $1.48 or +5.48%. USA gasoline futures fell...

U.S. futures, world shares sink as virus crisis deepens

Suncor Energy Inc cut its 2020 production outlook and suspended share repurchases for the year following the decline in crude oil prices and due to the economic...

Sensex hits 10% lower circuit, trading halted for 45 minutes

Investor sentiment in Asia improved in anticipation of a revival in demand from the economic giant, traders said . At 11.07 am Axis Bank saw a decline of 19 pe...

Worst reading ever for Eurozone economy on harsh virus impact

The Flash UK Composite Output Index - which gives a combined reading for the services and manufacturing sectors - for March read at 37.1, this is down from Febr...

Tube drivers ‘furious’ as trains remain packed despite coronavirus warnings

Nurse Julia Harris, who commutes to work at Imperial College NHS Trust, said she had left earlier and changed her route to avoid crowds but still found the Dist...

Fed vows unlimited bond buying to soothe market

The Fed also said a direct lending program to Main Street businesses will be announced soon. The quantitative easing represents the greatest-ever expans...

Kennedy Says Democrats Blocking Stimulus Decided to ‘Double Down on Stupid — BEASTMODE

The bill represents a third effort by Congress to blunt the economic toll of the pandemic that has killed at least 428 people in the United States and sickened ...

Fed makes 'aggressive' move to back corporate debt markets, Main St.

In addition, the Fed said it "expects to announce soon the establishment of a Main Street Business Lending Program to support lending to eligible small- and m...

Centre raises excise duty on petrol, diesel; Congress says 'Shameful, inhumane, heartless'

The Finance Ministry has decided to make some amendments to the Finance Bill 2020, wherein the government will be raising special additional excise duty on petr...

Gas prices down 25 cents over 2 weeks

Crude oil is the biggest driver of the less expensive gas prices. The last time the state's average price was below $2 was in November of 2016. Jacksonville, ...

Fed ramps up programmes to provide financing to United States economy

This includes buying unlimited amounts of government debt. The open-ended plans escalate an earlier emergency move that called for the Federal Open Market C...

Starbucks closes most stores in U.S. and Canada for two weeks

In addition, the company stated, it will pay its employees for the next 30 days even if they decide to stay home. Starbucks is making the changes after tactic...