Finance

Unemployment claims still falling in Washington state

MORE NEWS THIS CATEGORIES

Tesla shows off ventilator prototype made from auto parts [Watch Video]

Tesla Inc . engineers showed footage of a prototype ventilator the company is trying to make with auto parts amid a shortage of the machines for coronavirus p...

Oil prices fall as doubts grow over output cut deal

When asked at a White House press briefing Sunday under what conditions he would impose the levies, Trump said, 'If the oil price stays the way it is.I would ...

Apple starts making protective visors for COVID-19 relief

In a video posted on Twitter, Cook said this is a truly global effort and Apple is working continuously and closely with governments at all levels, to ensure th...

Stocks open sharply lower on virus fears

The week-long freefall for the Dow Jones Industrial Average continued in trading Friday, ending the most tumultuous week the index has had in almost 12 years....

French service sector plunges into deepest recession ever - PMI

The survey data were collected between March 12 and March 27, covering the period after Prime Minister Boris Johnson ordered the closure of bars, restaurants, g...

Coronavirus: 'Astonished' Hamann questions Liverpool's morals after furlough decision

The Reds announced on Saturday that they follow Premier League rivals Tottenham , Norwich, Bournemouth and Newcastle by utilising the Government furlough sch...

Ryanair sees passenger traffic fall by 48%

It reported 2020 traffic up 4% to 149 million passengers. Ryanair saw air traffic plunge in March, and warned it expected to carry minimal "if any" traffic ...

Honda to borrow GM's EV platform for 2 new electric vehicles

General Motors and Honda will jointly develop two electric vehicles for Honda's product line that are slated for manufacture at GM's North American plants. Wel...

COVID-19 leaves Calvert County Sheriff's deputy in critical condition

Los Angeles and the Bay Area had previously urged residents to cover their mouths and noses, and San Diego County yesterday ordered all essential workers to...

United States employment plunges in March amid coronavirus damage

Diane Swonk, chief economist at Grant Thornton, a major accounting firm, wrote in a blog that "the drop in payrolls in March was unprecedented for the start of ...

Hobby Lobby Temporarily Closing All Stores

Earlier, he said Hobby Lobby had properly closed its stores during the state's stay-home order but then reopened. It zeroed in on Hobby Lobby stores, where de...

Amazon to delay Prime Day amid COVID-19 pandemic

Longer term, however, it wants to test workers for the virus and hopes other companies will follow suit, according to the notes, in which Amazon's general c...

Big drop in dairy demand forces Quebec producers to dump milk

U.S. dairy companies have seen a surplus of milk due to reduced needs in the food service sector, meaning that firms have been forced to "cut or change producti...

Chuck Schumer 'appalled' by Trump's letter calling him a 'bad' senator

In a letter earlier in the day , Schumer wrote to Trump saying that the "national response is far behind where it should be". The letter, addressed, to Senat...

Trudeau to talk to Trump after White House bars mask export

The Minnesota-based 3M faced fury from people who accused the company - and its distributors - of ignoring U.S. needs and selling masks overseas to the highes...

Trump urges 3M to stop exporting respirator masks

Many countries have banned or restricted the export of the masks and other personal protective equipment, or PPE, in an apparent effort to keep those items for ...

WeWork co-founder Adam Neumann hit with 97pc drop in fortune

In the press statement, Softbank highlighted that Adam Neumann , his family, and certain large institutional stockholders, such as Benchmark Capital, were the ...

Coronavirus: how will stimulus checks work in the United States?

The memo from the House Ways and Means Committee indicates the IRS will make some 60 million payments to taxpayers who provided direct deposit information w...

Boeing to offer voluntary layoff packages to cope with coronavirus fallout

Under the plan, eligible employees who want to exit the company will be offered pay and benefits package, Calhoun said in a memo. "We want to address it throu...

FCI Elkton reports possible COVID-19 death

Another 19 workers are awaiting test results, Morris said. Many of those prisoners are elderly or have pre-existing conditions that put them at higher risk of d...

ADB report says Pakistan’s economy will improve by 2021

In the report, the ADB cut its 2020 growth forecast for Asia to 2.2% from 5.5% estimated in September a year ago. Growth in China, the region's largest econ...

Target to limit guests in stores amid COVID-19 outbreak

Effective April 4, Target will actively monitor and, when needed, meter guest traffic in its almost 1,900 stores nationwide to promote social distancing. Severa...

With parks closed, Disney starts furloughs in 2 weeks

Duarte represents food and drink cast members at Disneyland and estimates that around 10,000 workers fall under the non-union label at the Anaheim park. Ever ...

New Payroll Protection Program for Small Business

Due to the volume of applications likely to be processed, Frost Bank is making the loans available to existing business customers only, said Bill Day, senior vi...

Stimulus Payments Expected To Begin In Coming Weeks

However, the IRS and Treasury say they will develop an online portal in the coming weeks for people to provide their bank information so that they can recei...

Coronavirus: Emergency business loan scheme revamped after criticism

The Business, Energy and Industrial Strategy Committee cautioned on Tuesday that problems with the scheme were putting off many firms from accessing the cash. T...

United Kingdom banks scrap dividends on coronavirus fears, pressure on bonuses

Some of the UK's largest banks have announced plans to cancel dividend payments in response to a request from the Bank of England through the Prudential Reg...

Mnuchin: Small Business Loans Available on Friday

Confidently we will be able to kill this virus sooner and we received't want it, however we have now liquidity to position into the American economic system to ...

Chinese Coronavirus Infection And Death Numbers False, Says US Intelligence Report

The U.S. intelligence community has reportedly concluded that China concealed the extent of the COVID-19 outbreak in its country, underreporting the number of...

Arkansas initial jobless claims almost tripled last week

A more complete picture of the labor market will come with the release of the March Employment Situation report on Friday, April 3. More than 6.6 million Am...

Oil soars on hopes of Russia-Saudi truce

That set off a swift rally in oil markets, with Brent futures soaring $4.80, or 19%, to $29.56 a barrel by 11:42 a.m. EDT (1542 GMT), while US West Texas Interm...

British Airways in talks to suspend about 32,000 staff

The International Air Transport Association (IATA), an aviation industry trade group, said that airlines could lose between $63bn (£50bn) and $113bn in revenues...

Record 6.6 million seek jobless aid in US

The government last week approved a $2.2 trillion rescue package that includes a massive expansion and extension of unemployment benefits to cushion the blow ...

Costco and Home Depot limiting shoppers inside stores under new coronavirus policies

Beginning Friday, Costco members will have to choose just one other person to tag along with them on shopping excursions. Costco Wholesale is limiting the n...

United States senators warn Saudi Arabia over oil price war with Russian Federation

With oil prices at the lowest in almost two decades, Secretary of State Michael Pompeo last week directly asked the kingdom to "rise to the occasion and reassur...