Finance

Dow Falls Over 900 Points as Coronavirus Cases Surge and Lockdowns Loom

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India’s central bank cuts benchmark rate to decade-low 4.4%

Repo rate is the rate used by the apex bank to lend money to commercial banks whenever a shortage of funds arises. It will release Rs 1.37 lakh crore into the s...

Quebec’s non-essential businesses close as province ramps up COVID-19 measures

Seventy-eight people were in hospital, and 35 in intensive care. Ford, who sounded frustrated at those who are flouting advisories to remain at home and inste...

Tigerair completely suspended, Virgin reduces domestic flights by 90 percent

Virgin Australia guests who are booked to travel between now and June 30 2020 have been encouraged to visit the Virgin Australia customer care hub at virginaust...

Canada Triples Planned Purchases of Mortgage Securities

The ramp-up of mortgage purchases by CMHC is one of a slew of moves by the federal government, along with the Bank of Canada and the Office of the Superintenden...

Wuhan lockdown: China takes extreme measures to stop virus spread

The spread of a deadly virus in China should be of real concern to Kent , according to an expert. Wuhan's train station and airport, which should have be...

Oil Demand Projections Get Worse, Putting Additional Pressure On Prices

United States benchmark West Texas Intermediate was down 1.5 percent, changing hands for about $24 a barrel, while worldwide benchmark Brent crude was down 0.4 ...

Samsung supports IOC’s decision to postpone the Tokyo 2020 Olympics

Bach said in a conference call on Wednesday morning that a call would take place with the 33 worldwide sports federations on Thursday to discuss the matter. Tha...

Chancellor reveals a Self-employed Scheme

The scheme will also only be available to those who make the majority of their income through self-employment, and who have a 2019 tax return proving their sel...

First case of COVID-19 in Limestone County reported

The Governor said that Texas will continue to be very aggressive in aggregating as much personal protection equipment, medical supplies and testing capacity as ...

COVID-19: WestJet lays off nearly 7,000 people in response to virus

The Canadian carrier will be close to halving its employee count as it was home to 14,000 workers before the announcement. Previously, the company released mo...

When can consumers expect to receive their coronavirus stimulus checks?

Mind you, a lot of it will go toward bailing out tax-dodging corporations (including cruise lines ) instead of hardworking Americans, many of whom need help ke...

COVID-19: Tesla to produce ventilators to curb COVID-19 spread

Musk, who announced the move on Twitter, said that his staff would "do anything in our power to help the citizens of New York" during the outbreak of novel co...

Chancellor gives support to millions of self-employed individuals

The much-awaited announcement today (Thursday) was directed at musicians, electricians, taxi drivers, childminders and hairdressers. Any freelancer or contrac...

Million People Filed For Unemployment Benefits Last Week - The Most in History

The Department of Labor reported Thursday that nationwide, claims for jobless benefits surged to a record 3.3 million in the week that ended March 21. Layof...

Vermont jobless claims spike, smashing Great Recession high

It's the highest level of initial claims the Labor Department has on record since it began adjusting the figures to account for seasonal variations. In Febr...

US Senate passes historic $2 trillion bill to stimulate US economy

The urgently needed bipartisan legislation is the largest economic rescue measure in the country's history. The legislation covers an array of programs, includi...

United States unemployment claims hit record amid coronavirus lockdown

The Labor Department's Bureau of Labor Statistics reported that initial jobless claims from two weeks ago had spiked 30%, to 281,000. Almost every state that ...

Fed's Powell: Will keep lending 'aggressively' to support economy

The appearance on the popular morning show as many Americans are stuck in their homes marks the Fed chief's first public remarks since he held an unusual Sunday...

Coronavirus impact: Centre announces Rs1.7 lakh crore package for poor

The package will include cash transfer and food subsidy, she said. Expressing gratitude towards health workers who are taking a huge risk everyday, the mini...

Stock Market Takes Another Dive as Coronavirus Fallout Spreads

The Nasdaq Composite finished around 345 points lower, down 4.7%, near 6,990. In another sign that shell-shocked investors were becoming a little more willi...

US Senate passes $2 trillion COVID-19 aid package

The stimulus also beefs up unemployment insurance by increasing the maximum benefit by $600 per week for the next four months. However, an amendment that would ...

Spoons boss tells workers: 'Get a job at Tesco'

But Tim Martin said his firm will still freeze payments to suppliers - even for goods already received. But Martin's advice is for them to work at supermarket...

Senate, White House reach a deal on historic economic package

A vote had not been scheduled in the Senate by Wednesday evening. Sanders also accused the Republicans of backing corporations over workers, highlighting th...

Miss. Dept. of Revenue pushes back tax filing deadline

Just days after issuing guidance deferring the payment of certain tax obligations but maintaining the April 15 tax filing deadline , the IRS has changed course...

Major Retailers - Walmart, Amazon - Looking to Hire Up to 500,000 Workers

Walmart joined Kroger in awarding bonuses, which total almost $550 million for hourly associates, according to a press release . With heightened demand for ...

Dow, S&P 500 close higher on stimulus hopes, Nasdaq down

Oil prices fell despite the massive pending USA economic stimulus package as the coronavirus pandemic hurt US fuel demand, with traders bracing for further decl...

Amazon suspends almost 4000 sellers for overcharging

According to the Attorney General's office, the highest consumer inquiry county by county of consumers reporting alleged price gouging are Broward, Miami-Dade, ...

Senators threaten to delay coronavirus relief bill with last-minute objections

The Vermont senator and Democratic presidential candidate said he would hold up the bill for stronger oversight on the $500 billion to aid hard-hit industries. ...

Coronavirus: Ontario introduces $17B package for health sector, people, businesses

Ontario is doling out more funding to help the province deal with COVID-19. The Ontario budget update includes $7 billion in added resources for the province'...

Amazon workers in USA test positive for coronavirus in 8 warehouses

Some employees at Amazon's Fulfillment Center in Bullitt County have tested positive for COVID-19. Amazon previously announced that it planned to hire 100,000...