by | September 06, 2020 | 21:21

US services Purchasing Managers' Index dropped to 56.9 percent in August from the July reading of 58.1 percent, the Institute for Supply Management reported on Thursday, indicating a slower pace of growth. Oil has recovered since April, when Brent slumped to a 21-year low below $16 and USA crude briefly went into negative territory. The stronger dollar makes it more expensive for traders with other currencies to buy oil and thus weakens demand.

by | September 06, 2020 | 13:26

Canada's job market continues to recover, adding 245,800 jobs in August. "We are seeing some, as expected, cooling down in decent job gains". The national jobs number, however, is still 1.1 million below the pre-pandemic total. Canadians who were employed but worked less than half their usual hours fell by 259,000, a decrease of 14.6% in August. Mungall noted that although the unemployment rate fell for the third month in a row to 10.7 per cent, B.C.

by | September 06, 2020 | 10:28

The surge comes after Amazon stocks skyrocketed with shares rising from almost $2,000 to $3,500 since the start of 2020 alone. The controversial CEO is gearing up for yet another boost as his board will give him another $50 billion if he meets certain performance goals.

by | September 05, 2020 | 17:42

Imports since June increased by $22.7 billion, while exports only increased by $12.6 billion - an 18.9 percent increase in one month. Canada has been targeted in a number of sectors, most recently aluminum, after Trump slapped a 10 per cent tariff on aluminum products imported from Canada , despite the fact that US aluminum producers can't produce enough of the metal to satisfy demand.

by | September 05, 2020 | 08:41

The ship, with a crew of 43 crew and a cargo of 6,000 cattle, had sent a distress call amid strong winds and heavy seas whipped up by Typhoon Maysak. North Korea took the brunt of Typhoon Bavi, and for a second week in a row, state TV carried rare live reports of storm surge and flooding, including in the coastal town of Wonsan.

by | September 05, 2020 | 06:41

Still, the trend is mostly pointing in the right direction: The US jobs market is gradually recovering from the pandemic lockdown shock. President Donald Trump is heading into the general election with the worst jobs numbers of any president, based on records that go back to World War II.

by | September 05, 2020 | 05:45

Ahead of the unveiling, the automaker is releasing images to tease the new crossover's look, and the shots indicate the model has a major styling overhaul on the way. The innovative exterior design of the all-new Tucson reflects "Parametric Dynamics". The signature daytime running lights live up to their name, as they're seamlessly integrated into the front grille and are only revealed when they're turned on.

by | September 05, 2020 | 04:57

The Nasdaq Composite lost 145 points or 1.27% percent Friday and was down 3.27% for the week. The Dow Jones Industrial Average fell 2.8%, to 28,292.73. Nonfarm payrolls, however, increased less than expected last month. The selling followed a Labor Department report showing that US hiring slowed to 1.4 million last month, the fewest jobs added since the economy started bouncing back from the initial shock of the pandemic, even as the nation's unemployment rate improved to 8.4% from 10.2%.

by | September 05, 2020 | 00:11

These numbers don't include claims for the government's other, pandemic-specific programs, such as the Pandemic Unemployment Assistance (PUA) program. Nevada and California round out the top three, with insured unemployment rates at 16.4% and 16.3%, respectively. The economy has so far recovered less than half of the 22 million jobs that were lost this spring.

by | September 04, 2020 | 16:41

Private employers added 428,000 jobs in August, indicating the nation's pandemic-ravaged labor market is continuing to slowly recover from the coronavirus crisis, according to the ADP National Employment Report released Wednesday. "The August job postings demonstrate a slow recovery", stated Ahu Yildirmaz, vice president and co-head of the ADPResearch Institute "Job gains are minimal, and businesses across all sizes and sectors have yet to come close to their pre-COVID-19 employment ...

by | September 04, 2020 | 12:26

That's more than triple the 2019 shortfall. Individual income taxes dropped by about $200 billion, according to the CBO's projections, while corporate income taxes fell by about $80 billion. After World War II, federal debt levels remained relatively stable for years and a booming 1950s economy helped cut the debt-to-GDP ratio in half, to 54%, by the end of the decade.

by | September 04, 2020 | 07:37

The S&P tech sector and the Philadelphia chip index both fell nearly 6 per cent on the day. The S&P 500 Technology Index, which registered impressive gains during the risk rally witnessed in the first half of the week, is staging a deep correction and was last down almost 2% on the day.

by | September 04, 2020 | 04:13

The Institute for Supply Management data showed Thursday that its services index fell 1.2 points to 56.9 during the month, in line with median projection in a Bloomberg survey of economists. "Our business activity is now thriving again, after modifications to our operations", said one firm in accommodation and food services, which pointed to tariff threats as a bigger concern especially regarding aluminum, as well as the rapid rise in lumber costs.

by | September 03, 2020 | 20:22

The department said there are 13.3 million continuing claims, which lag initial claims by a week. The program allows people usually not eligible for jobless benefits to apply during the pandemic. Ford is offering buyouts to try to shrink its U.S. white-collar workforce by 1,400. The Trump administration is calling for a $1.3 trillion package, while the Democrats want $2.2 trillion.

by | September 03, 2020 | 19:11

Total government debt will surpass the USA economy's size next year, CBO said. The Council estimates a budget deficit of 8.6-9.4% of GDP this year under the scenario of 4-6% GDP contraction, and a minimum public deficit of 7.5% of GDP in 2021 (assuming that the state forecasting body's projection for 4.9% GDP expansion is fulfilled).

by | September 03, 2020 | 15:28

USA gold futures fell 0.3% to $1,968.80. "With the greenback expected to remain week, we expect gold to grind higher and revisit the $2,000 an ounce level initially", said Jeffrey Halley, a senior market analyst at OANDA. Gold futures headed lower Wednesday as global stocks rose and the US dollar recovered from a two-year low a day earlier, creating some headwinds for bullion values.

by | September 03, 2020 | 14:10

The Gulf Livestock 1 transmitted a distress signal early Wednesday when it was about 185 kilometers (115 miles) west of Amami Oshima island, about midway between Okinawa and Kyushu, Japan's southernmost main island. "Officials from Ministry for Primary Industries (MPI) are working closely with the Ministry of Foreign Affairs and Trade and the exporter". It said winds could reach a maximum speed of 252kmh.

by | September 03, 2020 | 06:20

U.S. private payrolls increased last month from July, according to the ADP report, but fell short of economists' forecast. DraftKings was among the big gainers, vaulting 8% after announcing that basketball legend Michael Jordan would take an ownership stake in the company in exchange for becoming a special advisor to the sports betting site.

by | September 02, 2020 | 20:57

Another pilot also reported seeing a man in a jet pack at 3,000 feet; the first pilot said he was just 300 yards to the plane's left. "Tower, American 1997 - we just passed a guy in a jetpack", the pilot of American Airlines flight 1997 from Philadelphia told officials in the control tower as he approached LAX around 18:30 local time (01:30 GMT).

by | September 02, 2020 | 20:54

Like the president's memorandum stated, employees who make less than $4,000 biweekly can keep the 6.2% tax they would normally pay into Social Security, starting September 1 and ending December 31 of this year. According to the guidance, companies can "make arrangements to otherwise collect the total applicable taxes from the employee". "Because some employees are going to look at it and say: 'It's just a deferral '".

by | September 02, 2020 | 20:08

The Energy Information Administration reports a much-larger-than-expected drop in weekly US crude inventories as the effects of Hurricane Laura in the Gulf were felt. Strong Chinese manufacturing data also lifted oil prices, said Jeffrey Halley, a senior market analyst at Oanda. "US crude oil refinery inputs averaged 13.9 million barrels per day during the week ending August 28, 2020, which was 0.8 million barrels per day less than the previous week's average".

by | September 02, 2020 | 17:10

Mr Barnier said the United Kingdom position has not evolved in recent months on the sticking point of fisheries, nor has London given any credible guarantees on open and fair competition once the transition arrangement ends at the end of 2020.

by | September 02, 2020 | 12:20

He also stated that "As with any cross-border transaction, we will follow the applicable laws, which in this case include those of the USA and China". The potential sale of TikTok has already been affected by government rulings, though it was the Trump administration that affected the deal up to this point.

by | September 02, 2020 | 01:54

Despite the uncertainty, Trudeau assured Canadians that the move was made to ensure we do have access to a vaccine if the testing turns out to be a success. The administration's decision, paired with the USA withdrawal from the WHO, means the abdicating America's global leadership in fighting pandemics, according to Tom Hart, North America director at The ONE Campaign, an advocacy organization co-founded by Bono of the rock band U2.

by | September 02, 2020 | 00:43

All that money pouring in helped Zoom earn almost $186 million, or 66 cents per share, during its latest quarter, up from just $5.5 million at the same time a year ago. Zoom has been notably more successful than some of its rivals at converting customers who use its free services into paid subscribers. Zoom's number of large customers - those generating more than $100,000 in revenue in the past year - more than doubled to 988 in the fiscal second quarter.