Finance

Stocks slide on surging Covid-19 cases, stimulus doubts; dollar rises

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Lebanon freezes assets of 20 banks

LEBANON'S attorney-general has suspended an order freezing the assets of 20 banks and their directors over concerns about its impact on the country's fragile ec...

Wells Fargo raises minimum wage

The pay increases will take effect by the end of 2020. The company said it is going to "evaluate the hourly pay for employees whose pay is at or near the new ...

Dow Index Falls 256 Points as US Coronavirus Fatalities Rise to 15

The market moves came amid a roller-coaster week on Wall Street , which saw the 30-stock Dow swinging 1,000 points or higher twice in the past three days. "The...

Dow Jones Industrial Average now down more than 1,100 points

The benchmark index has recouped almost half of its losses from its worst week since the 2008 financial crisis, but is still about 7.5 percent below its recor...

China Jan-Feb dollar-denominated exports tumble 17.2%, imports down 4%

China's general exports contracted by 17.2 per cent in greenback phrases in January and February, greater than was anticipated by economists polled by Bloomberg...

United States trade deficit narrows in January as imports decline

Analysts polled by Reuters had forecast a shortfall of C$830 million. The US deficit with China shrunk by US$2.1 billion, as imports from the world's second l...

Microsoft confirms that two of their employees have been diagnosed with Coronavirus

The post said that some employees for whom "it is essential to be in the office or other work environments" - such as data centre and retail employees - shoul...

Dow sheds 800 points as pandemic fears grip Wall Street

The yield on the 10-year treasury fell to 1.32%, a record low, down from 1.37% late Monday. It was last at 1.14%. " Stock markets around the world are beginn...

United Airlines cuts flights, freezes hiring on coronavirus-hit demand

The carrier said it is implementing a hiring freeze immediately that will extend through "at least June 30 except for roles that are critical to our operations"...

Worker: Olive Garden customer demanded and got white server in Indiana

A manager at an Indiana Olive Garden restaurant has been fired after granting a customer's request for a white server after she was originally assigned a bl...

Dow soars over 1,100 points amid Biden wins, plans for stimulus measures

Starbucks fell 3.8 per cent as it projected that quarterly comparable sales in China will fall 50 per cent from last year's level, hitting revenues by between U...

Coronavirus concerns lead to postponement of major seafood expo

But Diversified Communications , which organized the expo, announced Tuesday the event would be postponed. The Maine organizers of a major seafood exposition...

9 out of 10 Albertans want permanent daylight time — Survey says

Kenney says about 90 per cent of those surveyed said they wanted to stick to one time all year long and stop changing clocks twice a year. However, Glubish no...

February Jobs Report Breaks Records Amidst Coronavirus

Why it matters: The labor market is adding jobs at a breakneck pace. The relatively solid report comes amid virus-related turmoil that has gripped markets in...

Dow drops more than 800 points at open despite strong jobs report

Another haven asset gold is on track for its best week since 2008. Stocks are falling sharply again Friday, and bond yields have sunk to more record lows on w...

IMF Chief says coronavirus dumps hopes of stronger growth in 2020

In China, even as the spread of the virus has slowed, growth will be below the IMF's most recent forecast for 5,6 percent in 2020, Georgieva said. The Feder...

Microsoft asks staff in Seattle area, Silicon Valley to work from home

The company employs almost 54,000 people in the Seattle region. "Consistent with King County guidance (where the Redmond area campuses are located), we are ...

Dow ends 3.6% lower as virus fears batter stocks

Yields on the 10-year U.S. treasury - a benchmark for financial products like mortgage rates and student loans - sank below 1 percent again. The rate on a 30-ye...

Oyo is not wasting the WeWork crisis

In China, COVID-19 has killed over 3,000 people and infected over 90,000. OYO said at the time that it was letting go of poor performers and has set up a "m...

Opec nears oil supply cut as coronavirus devastates global demand

How quickly this will ease the downward pressure on oil prices, which have slid 20% off their January highs, will largely depend on how effectively the coronavi...

Government calls on banks to cut rates

Since then, cases of COVID-19, the sometimes fatal respiratory illness caused by the virus, have continued to rise, with people testing positive in more USA sta...

Yes Bank crisis deepens, RBI limits withdrawals

It said the financial position of Yes Bank Ltd has undergone a steady decline, largely due to the inability of the bank to raise capital to address potential ...

Donald Trump says US economy could take hit from coronavirus

In just over two minutes, the so-called president denied the actual death rate of Covid-19, told people who think they may have the virus to go ahead and go to ...

Texas ice cream licker jailed for social media joke

On Wednesday, D'Adrien L'Quinn Anderson was sentenced for the viral stunt , which occurred on August 19 in Port Arthur. In that clip, a teenage girl filmed ...

To combat spread of coronavirus, Starbucks pauses use of reusable cups

Second Cup also temporarily halted personal cup use as of Thursday, the company said. The severity of the coronavirus epidemic is pressuring companies to pr...

Toyota recalls 3.2 million vehicles over faulty fuel pumps - 158,000 in Canada

The company says that affected vehicles equipped with a potentially faulty fuel pump might stop operating, resulting in warning lights and messages being displa...

Coronavirus outbreak: How to make homemade hand sanitizer

As concerns grow over the outbreak of coronavirus in the United States , public health officials are telling people that the No. 1 thing they can do is to pro...

Ikea 3-drawer chest recalled due to tipover risk

Consumer Product Safety Commission (CPSC) notice posted Wednesday. "Additionally, KULLEN 3-drawer chests imported after August 12, 2019 do not comply with t...

Airlines could lose $113B in revenue to coronavirus epidemic

North American carriers' worldwide demand rose 2.9% compared to January a year ago, which represented a slowdown from the 5.2% growth recorded in December, alth...

Ex-Google engineer bankrupt after he's ordered to pay company $179 million

The damages stemmed from an arbitration case between Google and Levandowski . Levandowski was part of Google's self-driving project Waymo but left in 2016 ...