Economy

USA stocks rally amid coronavirus and oil price fears

WTI and Brent pared some of their losses but remained down more than 20 per cent. The most notable market move was the 10-year Treasury yield rising to 0.59 per cent from 0.49 per cent late on Monda...

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Dyson Launches Corrale Flat Iron

Dyson Launches Corrale Flat Iron

It's no secret that I'm a slave to my hair straighteners so I was intrigued to see if there was any real difference between the ones I use every day versus the new launch from Dyson. It produces sle...

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New White House chief of staff quarantined after coronavirus exposure

New White House chief of staff quarantined after coronavirus exposure

The number of confirmed USA cases reached 607, with 22 deaths, according to the running national tally kept by the Johns Hopkins University. Trump has invited heads of major USA financial institut...

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Coronavirus case announced in Memphis

Coronavirus case announced in Memphis

MS does not have any announced coronavirus cases at the moment. Officials say the woman is self-isolated at home and does not have a child enrolled in Metro Nashville Public Schools. Individuals that ...

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More than half of Washington coronavirus cases are ages 60 or above

More than half of Washington coronavirus cases are ages 60 or above

According to the CDC, there are a total of 647 cases in the United States, with a death toll of 25. Other counties with confirmed cases are Snohomish with 31, Pierce with four, and Grant, Jefferson ...

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Walmart revises leave policy in face of virus; worker tests

Workers who have a confirmed case of the virus will also receive two weeks of pay. A worker at the store in Cynthiana was the first confirmed case of the virus in Kentucky; that employee "is recei...

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PSU bank shares fall; Bank of India slips 7%

PSU bank shares fall; Bank of India slips 7%

On Friday, the Sensex had closed 894 points below at 37,576.62. At 1:30 pm, the S&P BSE Sensex was down over 2,406.02 points, or 6.40 per cent, at 35,170.60 levels. Incessant foreign fund outflow ...

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Tesco sells Asia units for US$10 billion to Thai billionaire

Tesco sells Asia units for US$10 billion to Thai billionaire

For Tesco, the sale and payout to shareholders is a "good deal to our minds", said Clive Black, an analyst at Shore Capital. Tesco has accepted a US$10.6 billion bid for its Asian businesses from a ...

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Qantas grounds planes, CEO forgoes pay as virus spreads

Qantas grounds planes, CEO forgoes pay as virus spreads

Chief executive Alan Joyce said there had been a sharp drop in bookings over the last fortnight for global flights. There are 12 A380s in the Qantas fleet and, at any one time, two of them are not f...

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Weather warning upgraded for flood-hit Wales

Weather warning upgraded for flood-hit Wales

A similar warning is in place for the north of England, including the cities of Leeds, Bradford, Wakefield and Huddersfield, with a projected 50mm of rain - a little under half the monthly average for...

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Petrol diesel prices cut for fourth straight day

Petrol diesel prices cut for fourth straight day

In Chennai , petrol was retailed at Rs 73.33 per litre, 25 paise lower than a day earlier. A spokesman for the site said: "We can confirm that retail fuel prices are sure to drop close to the £1 a ...

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Coronavirus: 'Work From Home,' Microsoft to Employees From Seattle Region And California

Coronavirus: 'Work From Home,' Microsoft to Employees From Seattle Region And California

Amazon and Facebook are encouraging their employees in Seattle to stay home after workers for each company tested positive for the novel coronavirus . Although this is the first case of an Amazon U...

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Amid Price Gouging, Cuomo Introduces State-Made Hand Sanitizer For Schools, Municipalities

Amid Price Gouging, Cuomo Introduces State-Made Hand Sanitizer For Schools, Municipalities

A Washington, D.C., church identified the leading member of its clergy as one of the first positive COVID-19 cases in the area on Monday, as the United States documents more cases nationwide. Because ...

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Aon, Willis Towers Watson announce mega-merger

Aon, Willis Towers Watson announce mega-merger

When asked about the timing of the deal, Aon Chief Executive Officer Greg Case told Reuters: "This is the time we move", noting that he spoke to 250 senior colleagues on Monday who were "energized" ...

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Oil plunges 25% after Saudi Arabia slashes prices

Oil plunges 25% after Saudi Arabia slashes prices

And they are the ones who will be most severely hit. The benchmark USA crude price was down over 20%, the biggest daily drop since the Gulf war in 1991 to hit their lowest levels since 2016. "There ...

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Stock slide triggers first trading halt in two decades

Stock slide triggers first trading halt in two decades

Stock trading was halted in the moments after the opening bell Monday as the Dow Jones Industrial Average opened down around 2,000 points amid coronavirus fears. West Texas Intermediate crude for ...

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Media Stocks Caught Up As Global Stock Markets Tumble

Media Stocks Caught Up As Global Stock Markets Tumble

Analysts at Deutsche Bank and Goldman Sachs both predicted crude oil prices could hit a post-2001 low of $20 a barrel as a result of the crisis. Stocks plunged 7% on Wall Street on Monday, tri...

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Gas prices will fall ‘like a rock,’ petroleum expert says

Gas prices will fall ‘like a rock,’ petroleum expert says

According to GasBuddy , the national average for a gallon of gas on Monday was $2.36, down almost 13 cents from a year ago. An oil price war inspired by the coronavirus epidemic could push gas pric...

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$2B Deal Will Keep Crypto Bull Jack Dorsey as CEO of Twitter

$2B Deal Will Keep Crypto Bull Jack Dorsey as CEO of Twitter

As Bitcoinist reported last week, Elliott Management took a sizeable stake in Twitter , and put forward four nominees for the board of directors in a push for change, including potentially ...

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Facebook sued in Australia over Cambridge Analytica scandal

Facebook sued in Australia over Cambridge Analytica scandal

The suit alleges the personal data of Australian Facebook users was disclosed to the This is Your Digital Life app for a objective other than that for which it was collected - thereby breaching Au...

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Global shares tank amid oil price war, coronavirus

Global shares tank amid oil price war, coronavirus

Brent crude futures were down $12.23, or 27 percent, at $33.04 a barrel by 0552 GMT, after earlier dropping to $31.02, their lowest since February 12, 2016. In other markets, the dollar was down sharp...

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Yes Bank founder’s daughter Roshni Kapoor stopped at Mumbai airport, say reports

Yes Bank founder’s daughter Roshni Kapoor stopped at Mumbai airport, say reports

Furthermore, ED said, "It is also apprehended that Rana Kapoor has similarly misused his official position in several other transactions and obtained illegal kickbacks directly or indirectly through...

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Bond yields sink, stocks fall as investors demand safety amid outbreak

Bond yields sink, stocks fall as investors demand safety amid outbreak

Major U.S. indexes are down almost 3%. Germany's 10-year yield decreased five basis points to -0.73 per cent. Tumbling yields have brought the average rate on a 30-year fixed mortgage to a record lo...

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Facebook Shuts London, Singapore Offices After Coronavirus Case

Facebook Shuts London, Singapore Offices After Coronavirus Case

Similarly, Twitter shut its Seattle office for a "deep clean" after an employee developed COVID-19 like symptoms though final result was still awaited. In the United Kingdom, there are 163 confirmed...

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Tim Hortons changes Roll Up the Rim plan due to COVID-19

Tim Hortons changes Roll Up the Rim plan due to COVID-19

As Canada's leading restaurant brand, we take our responsibility to our guests, restaurant owners and their team members very seriously. Tim Hortons has announced they will be eliminating paper Roll...

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Investors flee Wall Street, seek shelter in bonds

Investors flee Wall Street, seek shelter in bonds

The broad-based S&P 500 also shed 2.8 per cent to 2,938.56, while the tech-rich Nasdaq Composite Index sank 2.7 per cent to 8,503.77. US shares fell on Friday as fears of financial harm from the u...

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Wildhorse Casino announces closure due to Covid-19 case

Wildhorse Casino announces closure due to Covid-19 case

Chuck Sams , Communications Director for the Confederated Tribes of the Umatilla Indian Reservation , reportedly detailed that the Wildhorse Resort and Casino was being shut for two days so that ...

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Starbucks stops use of personal cups, increases cleaning amid coronavirus

Starbucks stops use of personal cups, increases cleaning amid coronavirus

The firm, which said on Thursday that it was suspending the use of personal cups at stores in the U.S. and Canada, added that it would still be honouring the promised discount for anyone carrying on...

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Rally Gains Momentum on Divergence in Rate Cut Expectations

Rally Gains Momentum on Divergence in Rate Cut Expectations

Officials and companies in the UK, France, Italy, and the United States are struggling to deal with a steady rise in coronavirus infections that have in some cases triggered corporate defaults, of...

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Competitive eater demolishes 32 Big Macs

Competitive eater demolishes 32 Big Macs

Before watching the video, however, there are some shocking numbers you should know: the record for the most Big Macs eaten before Joey Chestnut decided to make history was 30, and he went for 32 of t...

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United Airlines tightens its belt as virus hits demand

United Airlines tightens its belt as virus hits demand

Chicago-based United's announcement followed a meeting of U.S. President Donald Trump and the heads of major U.S. airlines at the White House where they discussed the effect of the virus on the indust...

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Wells Fargo raises minimum wage

Wells Fargo raises minimum wage

Wells Fargo agreed to pay about $7 billion in a settlement with regulators, including a recent $3 billion settlement made with the Justice Department and the Securities and Exchange Commission in th...

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U.S. trade deficit shrinks on falling China imports

U.S. trade deficit shrinks on falling China imports

Chinese exports collapsed 17.2 percent compared to the same period a year ago, in the biggest decline for Asian giant exports since February 2019 during the trade dispute with the United States. This ...

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We can get good agreement despite

We can get good agreement despite "very very difficult" disagreements — EU's Barnier

London has refused to negotiate a foreign policy and defence pact but the EU's trade chief Phil Hogan said the first round of talks had improved the "mood music" between the two sides. But the bloc i...

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USA added 273,000 jobs in February, smashing expectations

USA added 273,000 jobs in February, smashing expectations

The U.S. economy added 273,000 jobs in February , surpassing a prediction of 175,000 new jobs based on a Dow Jones survey of economists. So long as monthly job gains remain above 100,000 or so, the...

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