Economy

Amid Covid-19, United States core capital goods orders unexpectedly rise in March

Amid Covid-19, United States core capital goods orders unexpectedly rise in March

New orders for February were revised to 1.1%. Boeing saw a spike in canceled plane orders in March due to the travails of the 737 MAX, which has been grounded for more than a year after two fatal...

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Canada to lower rent by 75% for small businesses: Trudeau

Canada to lower rent by 75% for small businesses: Trudeau

More details will come out in the weeks to follow but so far it looks like businesses paying $50,000 or less in rent will have to pay only 25% of their rent for April, May and June. And like Hillman, ...

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Amazon Workers Stage Walkout Over Coronavirus Concerns

Amazon Workers Stage Walkout Over Coronavirus Concerns

More protests are being staged around the country this week. On Wednesday, workers at the Amazon fulfillment center in Carteret, New Jersey - just across the river from Staten Island - received a ...

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Leaked coronavirus drug remdesivir trial results disappointing

Leaked coronavirus drug remdesivir trial results disappointing

It comes days after another report detailed rapid recovery in fever and respiratory symptoms in some patients with COVID-19 - the sometimes deadly respiratory illness caused by the coronavirus - who...

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Small business loans to restart on Monday, Rubio says

Small business loans to restart on Monday, Rubio says

President Trump on Friday signed the almost $500 billion "Phase 3.5" emergency interim coronavirus relief package into law after Congress passed legislation this week replenishing the fund for small...

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US Stock Futures Fall As Gilead's Coronavirus Drug Disappoints

House lawmakers approved the next infusion of aid for small businesses and hospitals, amounting to $484 billion, on Thursday. New orders for key US-made capital goods unexpectedly rose in March, but...

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House passes Coronavirus Relief Fund, replenishing the Paycheck Protection Program

House passes Coronavirus Relief Fund, replenishing the Paycheck Protection Program

The aid package passed both houses of Congress with broad bipartisan support and replenished the depleted Paycheck Protection Program (PPP), created to keep workers on payrolls, and Economic Injury...

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Golf courses, retail stores, hairdressers could reopen in Saskatchewan in May

Golf courses, retail stores, hairdressers could reopen in Saskatchewan in May

Noting a competitive global scramble to obtain personal protective equipment (PPE), Trudeau said: "Part of the investment we're making.is to establish the capacity of developing vaccines and mass-prod...

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Energy and mining help Toronto market higher as price of oil climbs

Energy and mining help Toronto market higher as price of oil climbs

And then European Union leaders concluded a meeting by saying talks among all coalition countries ended without an agreement on a recovery package. All three main USA stock indexes trimmed increases...

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Iowa Gov. Reynolds announces new initiative to increase state's coronavirus testing capacity

Iowa Gov. Reynolds announces new initiative to increase state's coronavirus testing capacity

Tyson says all 2,800 workers at the Waterloo plant will be able to come back to the plant later this week to be tested for COVID-19. A report by the AP, published Wednesday, said the plant was closing...

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Virgin Australia airline seeks bankruptcy protection

Virgin Australia airline seeks bankruptcy protection

The airline was more than Aus$5 billion ($3.2 billion) in debt and had appealed for a Aus$1.4 billion loan to stay afloat, but the government refused to bail out the majority foreign-owned company. Me...

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More than 26 million people have lost jobs during the coronavirus shutdown

More than 26 million people have lost jobs during the coronavirus shutdown

Before new restrictions on businesses in the state took effect last month, 634 new jobless claims were filed for the week of March 8 to March 14, according to state labor data . "As such it would...

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Cardi B and 2 Chainz Criticized Georgia Governor’s Decision To Reopen Businesses

Cardi B and 2 Chainz Criticized Georgia Governor’s Decision To Reopen Businesses

A group of six southern Republican governors are coordinating the reopening of their states' economies even as some health experts argue they have not reached the testing capacity required to do so sa...

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IRS stimulus check timeline: When do paper ones get mailed?

IRS stimulus check timeline: When do paper ones get mailed?

If your bank account information is old, you might be anxious about receiving a stimulus payment . For SSA/RRB recipients with children who miss the April 22 deadline , their payment at this time ...

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US Senate approves more small-business stimulus

US Senate approves more small-business stimulus

It said its revenue has been "dramatically affected" by the coronavirus crisis and that it meant to use the PPP loan money to pay its employees and hire back furloughed workers. "At the end of last ...

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Lendsmart partners Griffin Technologies to improve SBA PPP loan process

Lendsmart partners Griffin Technologies to improve SBA PPP loan process

Mnuchin said. "The next round of funds must be focused on small businesses, with better oversight and transparency". Sweetgreen, a prolific fundraiser that was recently valued at $1.6 billion , rev...

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Coronavirus: Brent crude hits 1999 lows as oil prices continue to fall

Coronavirus: Brent crude hits 1999 lows as oil prices continue to fall

And global benchmark Brent was not itself spared the market turmoil, plunging to the lowest level since 2001 on Wednesday. The futures for May delivery of West Texas Intermediate rose almost $39 but...

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Russian Urals crude sinks below $12 amid epic oil market meltdown

Russian Urals crude sinks below $12 amid epic oil market meltdown

Wednesday's surge came after US President Donald Trump threatened to shoot at Iranian boats in a key waterway for crude shipments after Washington accused its arch-foe of harassing its ships in the Gu...

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Stocks rise as oil stages a sharp turnaround CNBC

Stocks rise as oil stages a sharp turnaround CNBC

That meant that instead of paying to buy oil, some traders were ready to pay to get someone to accept delivery. Prices remain well above zero for oil elsewhere in the world and for deliveries furthe...

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After 12 days of Democratic delays, Senate passes $484 billion relief bill

After 12 days of Democratic delays, Senate passes $484 billion relief bill

He resisted the changes", said Senate Minority Leader Chuck Schumer (D-NY). The Senate swiftly approved it by consent late Tuesday, despite opposition from key conservatives, Sen. Of the new f...

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Oil hits lowest this century as virus hits demand

Oil hits lowest this century as virus hits demand

But that has had little effect, with prices continuing to plummet, as analysts predict it will not make up for the massive hit to demand. Prices have plunged as lockdowns and travel restrictions int...

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Banks made $10 billion in fees on coronavirus loans despite low risks

Banks made $10 billion in fees on coronavirus loans despite low risks

When the first government stimulus plan was approved, Fisher immediately applied for the PPP to help keep the staff of her five businesses employed. Photo (c) Piotrekswat - Getty ImagesAfter being h...

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United Kingdom inflation slows on oil price crash, coronavirus

United Kingdom inflation slows on oil price crash, coronavirus

This is the highest Nigeria's inflation has risen since 12.48% was recorded in April 2018. Canada's annual inflation rate tumbled to a near five-year low of 0.9% in March as the coronavirus crisis a...

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Hyundai Veloster N Lands With Eight-Speed DCT

Hyundai Veloster N Lands With Eight-Speed DCT

Unlike a dry dual-clutch transmission, the wet N DCT uses oil to "significantly improve lubrication and cooling performance, which is typical of higher torque applications". Fun! It will then automa...

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Corona impact: Oil prices go below zero due to fall in demand!

Corona impact: Oil prices go below zero due to fall in demand!

The Nasdaq lost 297.50 points, or 3.5%, to 8,263.23. The benchmark index remains nearly 17 per cent below its February record high, and analysts have warned of a deep economic slump from the halt ...

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Trump Floats Funding for Oil Industry After Prices Plunge

Trump Floats Funding for Oil Industry After Prices Plunge

Still, the U.S. is far from the only nation to be threatened by the declining oil markets. President Donald Trump vowed on Monday to "look at" a potential embargo on Saudi oil shipments to the Uni...

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How to make IKEA's famous Swedish meatballs at home

How to make IKEA's famous Swedish meatballs at home

The Swedish furniture giant has made their secret meatball recipe public. So much so that if you told us that you'd never been to Ikea just to get your hands on a plate meatballs (and ended up with a ...

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How major U.S. stock indexes fared Tuesday

The benchmark S&P 500 and Nasdaq dropped 3.1 and 3.5 per cent respectively. Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain ...

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Oil Market In Turmoil, Gas Prices Expected to Continue Falling

Oil Market In Turmoil, Gas Prices Expected to Continue Falling

Gas prices could continue to fall with the oil market in turmoil. Monday oil prices went into the negative for the first time in history. "At this point, it doesn't look like gasoline will be ...

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The new Audi A3 Sedan has arrived

The new Audi A3 Sedan has arrived

There's not much to comment when it comes to the styling, as the only change compared to the A3 Sportback is the sedan-style rear end - even the taillights are identical. Powertrain options for the ...

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Oil market in turmoil as price falls below zero

Oil market in turmoil as price falls below zero

Demand is way down. The news may weigh on Refining NZ, which is already reviewing its future and has said fundamental change is needed to stay competitive, and New Zealand Oil & Gas, which has said ...

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Oil prices bounce back, US crude futures trade above zero

Oil prices bounce back, US crude futures trade above zero

United States oil plunged into negative territory for the first time on record on Monday, as economies around the world shut down to contain the coronavirus pandemic, crippling global demand for ene...

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Sensex spikes over 400 points in early trade; HDFC Bank jumps 4 %

Broader market also reeled under pressure with BSE 500 index declining 2.93 per cent. BSE Midcap and Smallcap indices dropped 2.73 per cent and 2.96 per cent, respectively. WTI crude for May deliv...

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Brent Crude crashes over 20% to below $20 per barrel

June Brent crude oil is at $21.29, down $4.28 or -16.74%. Monday's plunge is a troubling sign of an unprecedented global supply-demand imbalance in the first half of the year, as supply of crude o...

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USA oil futures plumb historic lows below zero, Brent plunges

USA oil futures plumb historic lows below zero, Brent plunges

The May contract expires on Tuesday, while the June contract, which is more actively traded, jumped $1.72 cents, or 8.4%, to $22.15 a barrel. The May US WTI contract fell $55.90, or 306%, to settle ...

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