Economy

Google Meet now free to all, with up to 100 participants

Google Meet now free to all, with up to 100 participants

Alphabet , parent company of Google, reported mixed quarterly results Tuesday, falling short of Wall Street profit estimates after a sharp downturn in the last month of the January-to-March quarter....

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U.S. firm warns of disruption to meat supply chain

U.S. firm warns of disruption to meat supply chain

Unions were not impressed. Companies have been pressing to reopen. The virus has spread among workers at some plants, resulting in closures. Industry leaders Smithfield Foods and JBS have both pow...

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British Airways set to cut up to 12,000 jobs

British Airways set to cut up to 12,000 jobs

BA has 45,000 employees, including 16,500 cabin crew and 3,900 pilots. The firm said it was still deliberating its options but that it was "likely that they will affect most of British Airways' empl...

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US House Speaker Nancy Pelosi endorses Joe Biden for president

US House Speaker Nancy Pelosi endorses Joe Biden for president

Pelosi made the announcement in a three-minute video published to social media on Monday. "How long and how much money did they spend on Benghazi?" she asked. The panel, approved on a party-line vo...

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IRS announces 'significant enhancements' to stimulus payment tracker

IRS announces 'significant enhancements' to stimulus payment tracker

The Journal reported one instance where a woman received a stimulus payment for her husband who died in 2018. Likewise, you can see if your check was one of the first 88 million checks the Treasury D...

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Nancy Pelosi Endorses Joe Biden For US President

His main rivals, including Vermont Senator Bernie Sanders , have dropped out of the race and endorsed Biden as has Obama. As a result, Biden has been moving to take control of the Democratic Party....

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Trump to Sign Executive Order to Keep Meat Processing Plants Open

Trump to Sign Executive Order to Keep Meat Processing Plants Open

Donald Trump is set to sign an executive order on Tuesday meant to soften the blow of a chicken and pork shortage among other meat on American supermarket shelves. The White House decided to make the...

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S&P/TSX composite up despite plunge in oil prices; USA stocks higher

S&P/TSX composite up despite plunge in oil prices; USA stocks higher

On April 16, STAT News reported patients at a Chicago hospital with severe coronavirus symptoms were quickly recovering after being treated with the drug in a trial. Although trillions of dollars in...

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Oil prices slump again as fears over storage mount

Oil prices slump again as fears over storage mount

WTI futures cratered as much as 30% on Monday after the United States Oil Fund LP, the biggest oil exchange-traded fund, said it will take out all the money invested in the front-month June WTI oil ...

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Trudeau mum on whether seniors will get coronavirus financial support

Trudeau mum on whether seniors will get coronavirus financial support

As provinces begin opening up their economies from COVID-19 lockdowns, Trudeau said none of those recovery plans hinge on people being immune to catching COVID-19 twice. "So the idea of generating nat...

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The IRS enhances 'Get My Payment' site

The IRS enhances 'Get My Payment' site

On Friday, April 24, the Treasury Department and the Internal Revenue Service ( IRS ) issued state-by-state figures showing how many Economic Impact Payments have been issued. Action is needed for p...

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First wage subsidy payments due to arrive May 7: Trudeau

First wage subsidy payments due to arrive May 7: Trudeau

In a release, the CFIB says many companies still have questions about what wages can be covered, who is eligible and how to bring back laid-off employees before receiving the subsidy payments. Prince ...

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Ontario's three phase plan to reopen economy 'makes sense': Mayor Watson

There was one new case and four recoveries reported by Public Health Sudbury and Districts since the latest report by Sudbury.com, along with one new resolution by the Porcupine Health Unit. Nine-...

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Ontario reports 424 new COVID-19 cases, 57 more deaths

Ontario reports 424 new COVID-19 cases, 57 more deaths

The number of resolved cases went up from 8,000 to 8,525. Information released on April 26, 2020. The list of workers eligible includes dozens of people working in acute hospitals, long-term care ...

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Airbus : Warns Employees That Jet Maker Is 'Bleeding Cash'

Airbus : Warns Employees That Jet Maker Is 'Bleeding Cash'

The planemaker cut production rates by a third earlier this month, A320 family jets has been reduced from a rate of 60 to 40 per month, A330 rate will reduce from six to two per month and A350 product...

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Oil falls as crude in U.S. storage nears all-time high

Oil falls as crude in U.S. storage nears all-time high

The swelling glut is set to test storage capacity limits in as little as three weeks, according to Goldman Sachs Group Inc., with traders, refiners and infrastructure providers seeking novel ways to h...

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John Stankey named CEO of AT&T, Randall Stephenson to retire

John Stankey named CEO of AT&T, Randall Stephenson to retire

Stephenson will continue to serve as the executive chairman of AT&T's board until January 2021, according to a news release. The AT&T board will choose an independent director later this year to l...

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Ontario reports 437 new COVID-19 cases, 24 new deaths

Ontario reports 437 new COVID-19 cases, 24 new deaths

The Ministry of Health recorded 640 new cases of COVID-19 in Ontario, marking the biggest daily spike in diagnoses since the start of the outbreak . Quebec's premier and health director are both push...

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Coronavirus vaccine production will start in 3 weeks: Serum Institute

Coronavirus vaccine production will start in 3 weeks: Serum Institute

Conspicuously absent were leaders from China, where the novel coronavirus first surfaced late past year, and from the United States - the country now hardest-hit by the pandemic, with almost 50,000 de...

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US Treasury mulls coronavirus loan to force Postal Service rate changes

US Treasury mulls coronavirus loan to force Postal Service rate changes

The Washington Post reported that Treasury Department officials have told top postal service officials that the loan could be used to urge changes in how it manages its finances, including what i...

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Instacart Aims to Hire Another 250000, Unveils Coronavirus Safety Test for Workers

Instacart Aims to Hire Another 250000, Unveils Coronavirus Safety Test for Workers

The shopper in-app wellness checks will give Instacart employees access to a daily wellness check created to help survey for any COVID-19 related symptoms. He has since achieved that goal, and with ...

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Franklin Templeton Mutual Fund shuts six debt schemes

Franklin Templeton Mutual Fund shuts six debt schemes

What has Franklin Templeton Mutual Fund done? "Banking liquidity in excess of Rs 7,00,000 crore, Long Term Repo Operations (LTRO) conducted by the RBI, expectations of further rate cuts and Operat...

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Governments provide rent relief for commercial landlords and tenants

Governments provide rent relief for commercial landlords and tenants

Canada's chief public health officer is warning provinces not to rely on "herd immunity" to overcome coronavirus , saying there's no proof people can't catch the virus twice. Johns argued that the re...

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Just 75 cents per gallon? Gas prices continue to plunge amid pandemic

Locally gas prices remain relatively high compared with prices in some other states. The lowest recorded price in Vermont this week was $1.45 in Greensboro. No matter if you're living in a Wisconsi...

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Ottawa to provide commercial rent relief for small businesses

Ottawa to provide commercial rent relief for small businesses

Speaking from outside Rideau Cottage, Trudeau also said the military is being deployed in to help provinces to regain control of the situation in long-term care situations, calling it "unacceptable". ...

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Oil heads for third straight weekly slide

Oil heads for third straight weekly slide

Major global energy producers have suffered a historically unprecedented glut in crude oil supplies this month amid the economic downturn caused by the coronavirus , with net importer China taking ad...

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Oil heads for another weekly slide on coronavirus turmoil

Oil heads for another weekly slide on coronavirus turmoil

Nevertheless, both crude oil futures' prices had marked up their third straight week of losses with Brent crude winding down the week 24 per cent lower and the US West Texas Intermediate crude oil f...

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4 million more apply for unemployment benefits

4 million more apply for unemployment benefits

The median estimate of economists was for 4.5 million claims. "Attempts to collect unemployment benefits after quitting without a good work-related cause can be considered fraud". CDLE also acknowledg...

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Embraer Protests Cancelled Boeing Deal

Embraer Protests Cancelled Boeing Deal

Boeing said it had chose to end two years of talks with Embraer, a Brazilian plane maker, after a Friday night deadline passed without Embraer meeting certain conditions, which Boeing would not specif...

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Canada Post sees 'Christmas-level' package volumes during COVID-19

Canada Post sees 'Christmas-level' package volumes during COVID-19

First of all, the crown corporation is dealing with an "unprecedented" volume of parcels for the month of April. "That's similar to the biggest delivery days we see during the Christmas season", the...

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IRS: Nearly 1.8 million Missourians have received stimulus checks

IRS: Nearly 1.8 million Missourians have received stimulus checks

Get the entire 10-part series on Ray Dalio in PDF. Millions who don't typically file a tax return are eligible to receive the payments. Others faced issues entering banking information. That is if y...

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Toyota Yaris Cross: More Details Dropped

Toyota Yaris Cross: More Details Dropped

Although the Yaris Cross is not meant to be a true bundu basher, it will be one of the only vehicles in its class to offer all-wheel-drive as an option. Fuel-economy figures are yet to be revealed. Ho...

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Smithfield Foods sued over working conditions in Missouri, closes IL plant

Smithfield Foods sued over working conditions in Missouri, closes IL plant

The lawsuit accused Smithfield of creating a "public nuisance" by forcing employees to work "shoulder to shoulder", not providing the necessary protective equipment, and discouraged workers from takin...

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Stocks rally, but not enough to make up for tumultuous week

Stocks rally, but not enough to make up for tumultuous week

Stocks rallied earlier after data that showed weekly USA jobless claims fell to 4.43 million from a revised 5.24 million. Another 4.4 million US workers filed for unemployment benefits last week, rais...

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Oil rallies after Opec speeds up output cuts

Oil rallies after Opec speeds up output cuts

United States West Texas Intermediate (WTI) crude futures closed at -$37.63 on Monday, in the worst selloff for that contract in history. Since the start of the year, both benchmarks have lost more ...

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