Finance

by | March 27, 2020 | 22:09

Those two jurisdictions along with Anne Arundel, Montgomery and Prince George's counties combined for almost 58 percent of all first-time claims filed last week. Polis said earlier that the state was working to expand the site's capacity. In the same week of 2019, only 215,000 new claims were registered. Back then, Maryland's highest numbers of new claims didn't exceed 12,600 in a week.

by | March 27, 2020 | 19:53

Trump's comments came after a New York Times story Thursday suggested the White House had backed away from announcing a major ventilator deal with GM and Ventec because the price tag was too high. Trump, in a separate tweet, said GM "MUST immediately open their stupidly abandoned Lordstown plant in OH, or some other plant, and START MAKING VENTILATORS, NOW!" So the federal government stands ready to loan or give automakers money, but is balking at compensating GM for rushing to scale up ...

by | March 27, 2020 | 15:59

Shortly after the bill passed 96-0 Wednesday night , Pelosi released a statement regarding the "bipartisan legislation " and credited Senate Democrats for improving the original text written by Republicans. If you've used direct deposit in the past two years, that's how you'll receive the stimulus payout. Those stimulus checks will be based on 2018 or 2019 tax returns.

by | March 27, 2020 | 15:37

Earlier in the month, the Treasury had only postponed the tax payment date until July 15, but under pressure from lawmakers and groups of accountants and tax professionals, the Trump administration announced that tax filing would also be delayed until July 15 ( see our story ).

by | March 27, 2020 | 12:26

The British government will offer self-employed people 80 percent of wages for at least three months, up to 2,500 pounds (3,034 USA dollars) a month, a move to help them get through the challenging time amid the coronavirus outbreak , Chancellor of the Exchequer Rishi Sunak announced Thursday.

by | March 27, 2020 | 11:27

As NBC Sports notes, that's the biggest traditional TV viewership for any esports event - ever. It was also the most-watched broadcast on FS1 since mass sports event cancellations on March 12th and the most-watched sports broadcast on cable that Sunday, although those last two feats weren't too hard given the dearth of live sports.

by | March 27, 2020 | 11:06

CBS reporter Paula Reid asked Trump about the fact that experts "on both sides of the aisle have said that reopening the country by Easter is not a good idea". "We are going to be adding something into the next bill and it will happen fairly quickly", Trump said. "We all have to get smart", Trump said on the call, audio of which was obtained by The Associated Press.

by | March 27, 2020 | 10:14

Regarding the speed at which the USA economy should open back up, Powell reportedly said that would depend on the virus. His appearance comes after the Senate passed a $2 trillion bill created to stimulate the economy through loans to small businesses, direct checks to Americans and aid to industries hit hard by the virus.

by | March 27, 2020 | 09:26

Describing the Coronavirus pandemic as an "invisible assassin", the RBI chief said that all these measures will release 3.74 lakh crore into the system and ease pressure on the banks. RBI announced a "sizeable reduction" in the policy repo rate of the country, slashing it by 75 base points to 4.4%, RBI governor Shaktikanta Das announced on Friday.

by | March 27, 2020 | 08:22

The previous record was set in 1982, when unemployment claims hit 695,000. As the Department of Labor put it, "Nearly every state providing comments cited the COVID-19 virus impacts". "Still, record levels of unemployment claims cause longer wait times, as the department works to gather and process the details factoring into each individual claimant's eligibility and weekly benefit amount", the agency said.

by | March 27, 2020 | 07:09

Demand for oil products, especially jet fuel, is falling worldwide as more governments announce nationwide lockdowns to stop the spread of coronavirus . But with demand disappearing and output rising, the outlook is bleak. The U.S.' crude oil inventories increased less than market expectations last week, according to data released by the Energy Information Administration (EIA) on Wednesday.

by | March 27, 2020 | 07:12

It's a view shared by Australian Olympic Committee chief executive Matt Carroll and FFA boss James Johnson, who will "open up discussions" with FIFA and the Asian Football Confederation. "It was definitely the moment it all became real for us", a Japanese national committee official said. IOC President Thomas Bach said Wednesday that "all options are on the table" for new dates.

by | March 27, 2020 | 04:53

Tesla has been making other moves to help the US with its shortage of hospital ventilators. Businesses in the United Kingdom such as Dyson and Rolls-Royce have stepped up to convert their production sites into manufacturing lines for ventilators following calls from the government for support from industry as the NHS faces a shortage.

by | March 27, 2020 | 02:26

Some of the roles will support mobile orders made in 7-Eleven's 7Now app. The company now operates over 16,300 stores in 45 states including 17 distribution centers. In addition, Walmart plans to reward now hourly workers with more than $365 million in cash bonuses "for their hard work and dedication" during the national health crisis, the release said.

by | March 26, 2020 | 23:52

The number of claims filed represents 4.2% of the total workforce of MA that is eligible for the unemployment insurance program. But as the pandemic escalates, the government's ability to accurately tally these jobless claims has also been impacted.

by | March 26, 2020 | 23:28

These banks would be reimbursed "each calendar quarter" for "actual and reasonable operation costs incurred" offering these wallets to Americans. House Democrats scrubbed any mention of a digital dollar from the coronavirus relief bill Tuesday morning.

by | March 26, 2020 | 20:40

Providing $10 billion to support improved cash flow for people and businesses during COVID-19 outbreak. Phillips told reporters after the release of Wednesday's fiscal update that even zero economic growth for 2020 was "a very, very prudent projection".

by | March 26, 2020 | 17:52

The revamped bill would provide one-time direct payments of $1,200 to all adults who make up to $75,000 a year, $2,400 per married couple, and $3,000 for family of four, according to AP. This is also the largest-ever rescue package in the nation's history and provides a lifeline to suffering Americans, depleted hospitals and an economy ravaged by the rapid spread of the novel coronavirus , or COVID-19 outbreak.

by | March 26, 2020 | 17:26

The number of unemployment claims this week skyrocketed by over 3,000,000 from the previous week, which saw 282,000 claims. States that depend heavily on tourism, such as Nevada and Florida, as well as oil-and-gas towns like Midland, Texas, will be especially hard hit, but the damage will be felt nearly everywhere, according to a Brookings Institution report .

by | March 26, 2020 | 13:56

The FM said that the government intends to give directions to state governments to provide assistance to protect construction workers against any economic disruption. Beneficiaries of the Ujjwala scheme: 80 million households benefitted from the gas cylinders provided under the scheme. The government has already clarified that COVID-19 related hospitalisation expenses will be covered under the Ayushman Bharat scheme which provides Rs 5 lakh of medical cover per family per year.

by | March 26, 2020 | 11:58

The legislation, expected to pass Congress and be signed by President Trump, will send checks directly to most Americans. Senate leaders noted the historic nature of the challenge, as the country grapples with what the Democratic Senate Minority Leader Chuck Schumer called "a odd and evil disease".

by | March 26, 2020 | 09:57

Even after its late-day retreat from its highs, the Dow's 14 percent gain over two sessions was its strongest two-day percent performance since 1987. Europe's main markets in London, Frankfurt and Paris were struggling to stay positive after ripping 4%-5% higher and oil prices swung from 3% up to 3% down.

by | March 25, 2020 | 22:25

Global benchmark Brent crude was trading at $27.85 per barrel at 0615 GMT for a 2.57% increase after closing Tuesday at $27.15 a barrel. US crude was at $23.58 a barrel, down 81 cents, or 3.4%. Cushing inventories rose 1.066 million barrel. The Dallas Fed said its business activity index plunged from -4.2 in the fourth quarter to -50.9 in the first, the lowest reading in the survey's four-year history.

by | March 25, 2020 | 21:14

McConnell said he expected the Senate to pass the legislation later Wednesday after it returns at noon ET. A deal previously appeared close Monday, but Republicans said Democrats backed away from an initial compromise when House Speaker Nancy Pelosi (D-Calif.) unveiled a 1,400-page rival package including a list of extraneous policies ranging from environmental reforms to same-day voter registration.

by | March 25, 2020 | 19:55

And a New York-based group of Amazon workers said that when a CCP virus case is confirmed at any facility, the site be closed down. The Shepherdsville facility, which employs roughly 1,000 workers, is at least the second US warehouse to have temporarily closed in recent days after employees contracted the virus.