Finance

United States economy bounces back in Q3

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Dow drops more than 900 points, ending worst week since 2008

The S&P 500 lost 13 percent and the Nasdaq 12.6 percent this week. The S&P 500, the benchmark for many index funds held in retirement accounts and the measu...

Huge package of help for vehicle dealers and businesses unveiled by chancellor

Chancellor Rishi Sunak said the virus move would "benefit 4million of our most vulnerable households". During his weekly briefing from Downing Street on Thu...

Dow ends 4.6% lower in latest USA stocks rout on virus hit

The S&P 500, the benchmark for many index funds held in retirement accounts and the measure preferred by professional investors, fell 4.3% after being up 1.8% e...

Austin company launches at-home COVID-19 test kit

A company in Austin, Texas, announced that it will have 30,000 coronavirus home testing kits available by Monday, a significant breakthrough in addressing the...

Interest temporarily waived on federal student loans

DeVos said that because student performance, as measured by assessments, is required to be used in statewide accountability systems, states can ask for and rece...

Chancellor announces emergency wage subsidy to try and protect millions of jobs

Chancellor Rishi Sunak has announced a £330 billion lifeline to support the economy during the Covid-19 pandemic, but he acknowledged that more direct help ...

Walmart hiring 150,000 people to help keep up with demands

Workers employed as of March 1 will qualify and receive the bonus on April 2. Walmart plans to hire 150,000 USA hourly workers for its stores and distributi...

GameStop Is Not "Essential", It's Putting Employees at Risk

In a nutshell, store managers are encouraged to show the document that instructs authorities to call their corporate headquarters if ever they have any question...

Senate working to send $1,200 to most Americans

A vote could still be days away, said Lamar Alexander, a senior Republican lawmaker. He then invited Democrats to join them in negotiations on Friday, along...

Dow jumps 347 points, continuing Wall Street's coronavirus recovery

Many of the Fed's moves, which are getting revived after being used in the 2008 financial crisis, are aimed at smoothing out operations in such markets. The ind...

Oil up $2 as Trump hints at Saudi-Russia price war intervention

The price of US West Texas Intermediate ( WTI ) for April delivery fell three percent and was standing at $26 per barrel. Futures for the global benchmark, Br...

Some banks allowing homeowners to defer mortgage payments for 6 months

Canada's big six banks are offering mortgage payment deferrals for up to six months for homeowners who are unable to make payments because of the COVID19 pand...

Georgia Senator dumped stocks after private meeting on coronavirus

Just hours before the Beast's report on Loeffler surfaced, news broke that Senate Intelligence Committee head Richard Burr had unloaded as much as $1.6 mi...

United Kingdom launches €34 bln coronavirus mitigation package

Stephen Jones, the chief executive of UK Finance, said smaller firms are the foundations of any successful economy and the banking industry has the "commitment ...

European Central Bank unveils 750 billion euro plan for coronavirus-hit countries

The ECB also said that it chose to expand the range of eligible assets under the corporate sector purchase program to include non-financial commercial paper. It...

Marriott starts furloughing tens of thousands of employees

The company is also trimming staff through furloughs at properties that are still operating, the WSJ said. Two Hilton-managed properties in the USA - the Capi...

U.S. Senate $1 trillion coronavirus bill coming Thursday - senior Republican

Saying lawmakers won't go "anywhere" until they take action, Senate Majority Leader Mitch McConnell on Thursday introduced legislation to provide as much as...

Facebook to roll out information center for its 2.5B users

Chennai: Facebook employees will be paid a one-time bonus of Dollars 1,000 to help them work remotely, CEO Mark Zuckerberg said in an internal memo on Tues...

Amazon Confirms First Covid-19 Case in U.S. Warehouses

On Monday, Amazon said five workers at its warehouses in Spain and Italy had tested positive for the virus, and earlier confirmed that two office employees at i...

SA Reserve Bank governor announces interest rate decision

The Bank of England's plan to buy £200bn more bonds is aimed at fighting that effect. Added to the stock of similar Bank of England purchases during the f...

General Motors to temporarily suspend production

Toyota Motor Corp 7203.T said it would close its North American plants for two days next week. On Monday night, workers walked off the job at a Warren, Mic...

MAS sets up US$60 billion swap facility with US Fed

Under that program, the Fed will make loans to money market mutual funds if they are facing a cash crunch. The Fed on Sunday (March 15) had already announce...

Coronavirus lockdown: Australia closes its borders

This is the first time in history that the Australian government has placed such a restriction on its citizens, and the new policy is expected to be in plac...

Woolworths starts 1-hour exclusive shopping for the elderly

Meanwhile Coles added chilled white milk, including plant-based non-dairy & goats milk, sugar, UHT long-life milk, canned tomatoes, and liquid soap to its lis...

Hyundai Elantra Meets Its Predecessor In Visual Smackdown

The statement pieces, however, are surely the unique four-spoke steering wheel and expansive dual 10.25-inch displays making up the main display and instrument ...

Canada-US border is shutting down

The shutdown of the 8,891 kilometer (5,525 mile) worldwide boundary - the longest in the world between two countries - built on Trump's barring of visitors from...

Chancellor Rishi Sunak makes "unprecedented" move amid coronavirus pandemic

Meanwhile, alongside the UK PM Johnson, Sunak said on Tuesday (March 17th), "This is not a time for ideology and orthodoxy". Chancellor of the Exchequer, Rish...

Apple Fined a Record $1.2 Billion by French Antitrust Body

In other words, prices were kept artificially high for consumers buying Apple's products, although iPhones were not included within the investigation. "It i...

Reserve Bank of Australia cuts official rate to historic low

The border closure came as the government and central bank ramped up their financial response to the coronavirus outbreak amid fears it will tip Australia into ...

Air New Zealand reduces global capacity 85%

It says the long haul network Air New Zealand will be reducing its capacity by 85 percent over the coming months and will operate a minimal schedule to allow ...

Senate approves House's coronavirus relief bill, sending measure to Trump

Dubbed the "Families First Coronavirus Response Act", the legislation promises free testing for COVID-19, establishes an emergency paid leave program, funds $1 ...

Big Three automakers to close plants through March 30

Detroit's three automakers have agreed to partial factory shutdowns, deep cleaning of equipment and longer periods between shifts to head off union demands for ...

USA crude hits 17-year low as lockdowns, restrictions spread

Oil prices plunged on Wednesday, with US crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pand...

NYSE takes traders' temperatures before they enter exchange

The facilities to be closed include the NYSE equities trading floor and the NYSE American options floor in NY, as well as the NYSE Arca trading floor in San Fra...

Tesla factory can't make cars during coronavirus lockdown

The California governor's office did not immediately respond to a request for comment on the situation. "My frank opinion remains that the harm from the coron...