Finance

Australia: Number of unemployed people exceeds 1 million for first time

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Detroit Auto Show Canceled as Venue Becomes Field Hospital

You can find the new schedule in June of 2021 below, and all tickets that have been purchased for this year's canceled show will be refunded at full price. Trad...

Instacart workers plan to strike amid growing coronavirus crisis

It was first reported Friday by Vice. Shoppers, who are responsible for grocery purchases and deliveries, say they have urged Instacart to take appropriate safe...

Texas Roadhouse CEO to Forgo Salary to Help Front-Line Workers

Kent Taylor agreed to forgo his base salary and bonus between March 18 and January 7 of next year. "On a prorated basis, the forgone salary and bonus would be...

Congress Reaches $2 Trillion Aid Deal

The Republican-led Senate approved the massive bill - which would be the largest fiscal stimulus measure ever passed by Congress - by 96 votes to none late on W...

Canada to deny domestic travel for anyone showing coronavirus symptoms

There are 1,243 passengers and 586 crew on board, the company said in a statement. Prime Minister Justin Trudeau has announced an increase in the wage subsi...

Slack Is Reportedly Getting Microsoft Teams Integration

Returning teams - an internal Slack metric measuring growth and progression of newly created work teams - rose by more than 120% in Italy, 34% in Japan and 33...

U.S. stocks rally despite record surge in jobless claims

Still, oil prices slid Thursday. "This is going to be an economic fallout". It would flood the country with cash in an effort to stem the crushing economic impa...

Kings County confirms its first case of coronavirus. Patient is quarantined

The Georgia Public Health Laboratory and private labs have conducted a total of 9,865 COVID-19 tests as of noon March 27 . Zack Moore, the state's epidemiologi...

Elon Musk to Donate Ventilators to 'Save Lives'

The comment came right after a follower tweeted a video of Medtronic CEO, Omar Ishrak who told the CNBC about Tesla making of the medical device compa...

Government Tells Banks To Ready Emergency Credit Lines For Small Businesses

Loans would be offered at an interest rate of 7.25 percent and will have a tenure of 12 months. The SBI emergency credit line will remain operational till Jun...

IATA pleads with govts to ensure cargo supply lines remain open

Airlines might lose 1 / 4 of a trillion in income this 12 months, in keeping with the International Air Transport Association , as journey involves a standsti...

US Congress passes huge financial stimulus package

The historic $ 2 trillion stimulus package that passed in the Senate early this week has been given the seal of approval in the House of Representatives . Nea...

McDonald's employee charged after faking COVID-19, forcing restaurant to close

On Monday, police received information from Hamilton Public Health Services about an individual who is accused of creating a fake physician's note with fraudule...

Oil plunges more than 5% despite stimulus efforts

The contract fell about 8% on the week. Oil exchange traded fund investors shouldn't expect a quick rebound any time soon as USA crude is on pace for its ...

Cruise stocks sink after missing out on economic-relief bill

Rep. Hakeem Jefferies (D-N.Y.), Chairman of the House Democratic Caucus and Member of the Judiciary and Budget Committees, tweeted: "The major cruise lines sail...

Canada Tells US to Avoid Troops at Border During COVID-19 Pandemic

And he hopes those who have already let people go will reconsider given the new wage subsidy. "We're going to do whatever it takes", said Trudeau. Trudeau l...

It is clear world in recession, says International Monetary Fund chief

Despite calls for recession arriving in the second quarter, Georgieva said the world economy is already mired in deep contraction, and that working across borde...

Coronavirus impact: RBI decides to hold EMIs for three months

The RBI has just given approval for the banks to implement a moratorium. Effective from 1 April, the interest rate on loans will be reduced by 0.75 per cent. "L...

USA stocks fall, snapping three-day winning streak

The legislation is a welcome reprieve, but economists warn of a tough road ahead. The United States surpassed China as the nation with the most number of COVI...

House gives final passage to $2 trillion coronavirus stimulus bill

The US House has approved the mammoth $2.2 trillion coronavirus stimulus bill passed earlier this week by the Senate, sending the long-awaited relief pack...

Stocks surge again after relief bill passes Senate; indexes up 6%

The early Friday selloff came after the Dow soared nearly 4,000 points in the prior three trading days - its biggest three-day jump since 1931. "We're not out...

GM will build ventilators in IN, surgical masks in Warren

Separately, GM also said it will start next week producing Level 1 surgical masks at its Warren, Michigan manufacturing facility. The automaker said it may ...

Record number of unemployment claims likely much higher than 3.28M

An analysis of federal data showed that other states have seen far sharper increases in unemployment - like the 34-fold increase in New Hampshire - but that cou...

Number of coronavirus cases in Europe tops quarter million

India on Thursday began enforcing the world's largest coronavirus lockdown, trying to keep its 1.3 billion people indoors. As the number of deaths in Europe s...

Alabama public school students won't return to classrooms this school year

Folks this is real. It has been nearly two weeks since the state announced its first confirmed case of COVID-19. The Jackson County resident "passed away in a...

Why New York is the epicenter of the American coronavirus outbreak

The number of New Yorkers who have died from COVID-19 is nearing 400 and experts believe the numbers will continue to rise. For starters, the country's larges...

GM Cutting Executive Pay, Deferring Salaried Compensation

The company said in a prepared statement Friday, March 27, that the cuts will affect all GM salaried employees worldwide - approximately 69,000 individuals. Thi...

Bank of Canada Cuts Rates to 0.25%, Plans Asset Purchases

The Bank of Canda is also launching two new programs; The Commercial Paper Purchase Program to help alleviate strain in short-term funding markets and the Bank ...

British Prime Minister Boris Johnson tests positive for COVID-19

British Prime Minister Boris Johnson said Friday he has tested positive for the new coronavirus , but remains in charge of the U.K.'s response to the outbrea...

Pelosi vows quick action on 'worker first' $2 trillion coronavirus stimulus

The U.S. Senate passed a record-setting stimulus package late Wednesday night. The bill, considered to be largest stimulus package in the USA history, aims to...