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Oil prices grow as historic OPEC+ production cut deal comes into effect

Energy Secretary Dan Brouillette said in a Tuesday conference call that Treasury Secretary Steven Mnuchin is considering loans and emergency lending through the...

Dow Jones slips after grim jobless claims data

Nine of the 11 major S&P 500 sectors were trading lower, but declines were led by the defensive real estate, utilities and consumer staples indexes, suggesting ...

Lyft laying off, furloughing employees during COVID-19 pandemic

In its SEC filing , Lyft said its decision to layoff and furlough employees was "in light of the ongoing economic challenges resulting from the COVID-19 pandem...

Walmart gives $390K in bonuses to South Dakota associates

Employees of Texas Walmart stores received bonuses Thursday totaling $18.87 million as part of a nationwide payout of $180 million in employee bonuses. Combined...

Saudi foreign reserves fall at fastest for two decades

The firm also reported a plunge of 46 percent in its profits for the January-March period year-on-year. Oil costs additionally suffered in March on a value ba...

Another 7400 Mainers File For Unemployment Benefits, As Claims Mount

Department of Labor. In Thurston County, 5,085 people filed for an initial unemployment claim for the week ending April 25. Across the USA, some 30 million ...

Boris Johnson's fiancee Carrie Symonds has given birth to a baby boy

The couple's new son follows a recent tradition of babies in No 10 with David Cameron's wife, Samantha, giving birth to their daughter Florence in 2010, and Che...

Here's what you need to know about Pandemic Unemployment Assistance

Workers in this group, who have applied for regular unemployment and been denied, do not have to do anything further. "The Department has worked hard over the...

New York attorney general says Amazon warehouse safety ‘inadequate’

Amazon employees have recently organized a series of protests and walkouts, including an "online walkout" last week organized by a pair of former tech workers...

US blacklists Amazon's websites in UK, Germany, France, India and Canada

The office is "considering seeking more information regarding e-commerce platforms, including those based in the United States, in future reviews of Notoriou...

3.8 million more Americans file for unemployment in wake of pandemic

The figure, comparatively lower than the last five weeks, brings the six-week total to 30 million USA workers filing jobless claims. The number was down by 60...

Oil prices surge more than 10% after US crude storage build slows

Gasoline futures gained 13 per cent to 75.6 cents a gallon. Major oil producing-nations agreed in mid-April to cut output by almost 10 million barrels per day, ...

USA crude inventories rise less than expected, gasoline posts surprise draw

USA oil prices rebounded above $14 a barrel on Wednesday, a day after a sell-off sparked by a major fund selling its short-term holdings of the commodity amid...

Unemployment in the United States exceeds 30 million

Almost 8,200 people filed claims for unemployment in Nebraska during the week ending April 25, according to non seasonally adjusted numbers from the U.S. Claims...

United States weekly jobless claims remain elevated as millions more seek benefits

But that's a drop of 74,205 claims from the 506,670 filed the week before. Although job losses have begun to slow down from their pandemic peak , a little mo...

Almost 10000 businesses apply for wage subsidy in first hours, Trudeau says

Survey results released Monday morning by the Canadian Federation of Independent Business , which represents thousands of small businesses in the country, sugg...

European economy suffers record drop amid pandemic

The eurozone economy contracted at a record rate and by more than expected in the first three months of the year and inflation slowed sharply as much economic a...

GDP report to show a damaged USA economy sliding into recession

The GDP report showed that the weakness was led by plummeting consumer spending, which accounts for 70 per cent of economic activity. Retail sales fell a record...

IRS Makes Enhancements to Stimulus Payment Web Tool

Although the IRS said it had already deployed 80 million stimulus checks, many more Americans await the checks as almost 26 million Americans have filed for u...

Reopening of economy will be gradual, different by province: PM

Ontario is reporting 525 new COVID-19 cases today, and 59 more deaths. Jordan said conversations between her provincial counterparts are ongoing. Chief Publ...

Saudi Arabia Buys Large Stake In Live Nation

In the midst of the pandemic, Live Nation has been sued due to a reluctance to give full refunds to customers amid event cancellations. The company is now i...

Jobless Claims Fall to 3.84 Million

They indicate that during the week ending April 25, some 7,420 Mainers filed unemployment claims. The largest decreases were in NY (189,517); California (127,11...

Trump Plans To Beef Up Meat Production After Coronavirus Hits Plants

Across the animal protein industry, closures can have severe, perhaps disastrous, repercussions up and down the supply chain. "We appreciate the administratio...

European economy shrank by a record 3.8% in Q1

The drop in the 19-country eurozone was the biggest since statistics began in 1995 and sharper than the plunge in the midst of the global financial crisis in th...

Violent demonstrations, protester death grip northern Lebanon

Lebanon is facing its worst economic crisis since the 1975-1990 civil war, now compounded by a nationwide lockdown to stem the spread of the coronavirus. Sever...

Private Gauge of Chinese Manufacturing Activity Showed Contraction in April

The Western world has yet to relax some of its city lockdowns. The NBS data also found that almost 60 percent of companies surveyed reported "insufficient o...

Google Parent Alphabet Posts Mixed Q1 Results After "Significant Slowdown" In Ads

The business segment recorded US$8.9 billion in sales in 2018, up 53 per cent from the previous year. "As of today, we anticipate that the second quarter will b...

Oil prices soar as USA inventories grow less than expected

Brent crude oil , the worldwide benchmark, rose 11 per cent to $22.61 a barrel . The API report showed crude oil stockpiles at Cushing, Oklahoma, a key US ...

Gilead drug proves effective against coronavirus in USA study

For those who took the drug, Fauci said, it took less time to recover, averaging 11 days compared to 15 days for those in a control group who received a placebo...

USA oil jumps 30% as ‘desperate’ traders see green shoots

The worldwide benchmark Brent crude for June delivery dropped 6.76 per cent to close below the 20-dollar mark. U.S. gasoline stocks fell by 3.67 million ba...