Finance

Worldwide benchmark Brent crude dropped almost 1.5 per cent to trade at $19.65 a barrel. The front-month contract for June is set to expire on Thursday, having risen 10% on Wednesday. "If the already stretched storage capacity is getting fuller and fuller every week, a rise in prices can not be sustainable for long as the problem is not really resolved", said Rystad Energy's head of oil markets Bjornar Tonhauge.

As CNBC reports , the first-quarter GDP numbers "provide the first detailed glimpse into the deep damage the coronavirus wreaked on the us economy" as the pandemic forced companies to lay off millions of people and retailers to close their stores.

However, there are workers who are scared to go back to work, workers who are sick, and plants that have employee shortages. Smithfield said it guaranteed pay to employees impacted by COVID-19 and would dedicate $120 million to bonuses for workers "despite closing multiple facilities and numerous lines falling dormant".

Be diagnosed with COVID-19, or seeking a diagnosis for symptoms of the virus. As of Tuesday, the State of Oregon Employment Department is taking applications for the state-wide Pandemic Unemployment Assistance program . General concern about exposure to COVID-19 is not a permissible basis for PUA eligibility . However, base period wages are considered when calculating the individual's weekly benefit amount (WBA).

Businesses like hotels and restaurants have seen some of the heaviest losses, but retail, manufacturing, construction, health care and others have also been affected. While small businesses received $310 billion in new relief, Congress also allocated money to hospitals, testing efforts and emergency disaster loans.

Across the US, another 3.8 million people filed initial unemployment claims, bringing the total during the pandemic to about 30 million . Worth pointing out? Those totals compromise only citizens who live and work in SC. The past month-and-a-half have seen unprecedented numbers of new unemployment claims amid the coronavirus pandemic . Really? Excuse us while we search for the appropriate Captain Obvious.gif .

Those discussions have since been put off to focus on the more urgent concern of COVID-19. The latest modelling indicates that older Canadians and males are at a greater risk of severe outcomes from contracting COVID-19, with individuals over the age of 60 accounting for 95 per cent of deaths in this country.

The ownership of 12.34 million shares makes the investment fund the third-largest stakeholder in the company, according to Refinitiv data. Live Nation has been particularly hard hit by the mass shut downs of concerts and public events.

Others have attempted to enter direct deposit information, as the IRS said that entering direct deposit information will allow for those eligible for a stimulus check to receive it sooner than waiting for a paper check. The announcement addresses an issue that some people began noticing earlier this month when the stimulus payments passed by Congress in the wake of the coronavirus outbreak were first deposited into bank accounts: Family members who had died in the past several months ...

Crude prices collapsed in early April as global fuel demand sank over 30 percent due to lockdown measures meant to control the spread of the CCP (Chinese Communist Party ) virus. Overall fuel demand has dropped by 28% in the last four weeks. That would add to production cuts of nearly 10 million bpd agreed by the Organization of the Petroleum Exporting Countries (OPEC) and other large producers including Russian Federation, or about 10 per cent of global production, due to take effect from ...

Oil prices are also back on the upswing, with USA benchmark West Texas Intermediate crude trading at $13.53 per barrel, up 9.6%, while Brent crude, the global benchmark, was trading at $21.16, an increase of 3.4%. USA gasoline stocks fell by 3.7 million barrels from its record high in the week to 259.6 million barrels, the EIA said, compared with expectations in a Reuters poll for a 2.5 million-barrel rise.

The PPP was created as part of the more than $2.2 trillion "Phase 3" stimulus package, known as the CARES Act, which passed last month. American Gaming Association President and CEO Bill Miller said, ever since CARES Act has been enacted to offer economic assistance to minimize the impact of coronavirus, the American Gaming Association and their partners left no stone unturned to modify the Small Business Administration's obsolete policy that prohibited gaming companies from qualifying for ...

He says people usually laugh or think it's cool when they hear that he shares a name with the late rapper , who died in 1996. "One person thinking that they were amusing, using somebody else's identity, is going to make tens of thousands ...

The West Texas Intermediate for June delivery increased 2.72 USA dollars, or 22.04 percent, to settle at 15.06 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery rose 2.08 dollars, or 10.17 percent, to close at 22.54 dollars a barrel on the London ICE Futures Exchange.

BA said it will cut 12,000 jobs while Airbus called it the "gravest crisis" the industry has "ever known". All stories linked in the newsletter are free to access. Last week, 27,000 Boeing employees returned to work in the Puget Sound region. Boeing posted a loss in the first quarter as the COVID-19 pandemic and the grounding of the 737 MAX hammered sales.

As pork, beef and chicken plants are being forced to close, even for short periods of time , millions of pounds of meat will disappear from the supply chain. On Sunday, Tyson Foods Chairman John Tyson said in a blog post that the US food supply chain "is breaking", with millions of pounds of meat set to "disappear" as plants close.

There are a number of women who are qualified to be president tomorrow. "Quite frankly, with all the respect in the world for Iowa and New Hampshire, I'm not counting Joe Biden out", Pelosi said in an interview in February, following Biden's disappointing finishes in early primary contests.

In response, nurses protested last week to demand Trump use the DPA to produce personal protective equipment for health workers who care for COVID-19 patients. This followed appeals from worker unions for meat processing plants to protect their staff better and provide more PPE as well as implement adequate social distancing in facilities.

IAG SA will slash the work force at its flagship British Airways by nearly 30% in a painful restructuring aimed at shrinking the airline group to make it through a downturn that could last for years. It says it employs around 16,500 cabin crew and 3,900 pilots, though the latest update did not detail which staff would be affected. "What we are facing as an airline, like so many other businesses up and down the country, is that there is no "normal" any longer", Cruz said in a letter to staff.

The IRS warns that taxpayers should be alert for scam emails, phone calls and texts related to the stimulus payments, saying people should go directly to irs.gov. Click " Get My Payment " to enter the portal. A Treasury Department spokeswoman said in an email: "The letter serves as Notice of the payment, and as a message from the President during these unprecedented times".

The "Bounce-Back" loans will be limited to 50,000 pounds ($62,000) or 25% of the company's turnover. And the chairman of the Federation of Small Businesses, Mike Cherry, said it would "give hope to thousands" of firms. "But there was good and grim news". The Chancellor also revealed Treasury data that shows over 4m jobs have now been furloughed while also citing survey evidence that showed a quarter of businesses have now stopped trading.

The 15 largest pork-packing plants account for 60% of all pork processed in the country, according to the AP. John H. Tyson, chairman of Tyson Foods , warned on Sunday that the food supply chain is "breaking" and vulnerable and warned of the potential for meat shortages.

Tyson, chairman of the board, in a full-page ad that ran in the New York Times , Washington Post and Arkansas Democrat-Gazette on Sunday. U.S. pork prices have surged amid concerns that supplies could be squeezed by slowdowns at slaughterhouses as factory workers fall ill with Covid-19.

The additional changes will help millions of additional taxpayers with new or expanded information and access to adding direct deposit information. You can track the status of your check by using the IRS's Get My Payment tool , but for many Social Security beneficiaries, you'll see a message that says "Payment Status Not Available" which is likely because most Social Security recipients don't file tax returns.

Many meat-processing plants in the United States have been temporarily closed because their workers were infected with the coronavirus. Tyson employs about 2,700 people at its Wilkes County plant in northwestern North Carolina. John Tyson warned that the USA " food supply chain is breaking" as a growing number of plant closures have left farmers with fewer options to market and process livestock.