Économie

Do You Qualify for A Small Business Loan? (And How To Apply)

Do You Qualify for A Small Business Loan? (And How To Apply) The bill established a new $349 billion program to help smalls keep their workforce on the payroll. She also said Philadelphia's Department of Commerce and PIDC are working to get more private funders, but the end goal of the fund is to provide a "life-raft" to small businesses until more federal and state aid arrives. [Full Article...]

USA jobless claims surge with tally at 10 million in two weeks

The unemployment rate could spike to as high as 15% this month, above the previous record of 10.8% set during a deep recession in 1982. The report from the Labor Department showed that job cuts surpass last week's record high of almost 3.3 million. [Full Article...]

Oil price falls to $24, oversupply fears grow

Oil price falls to $24, oversupply fears grow While Wednesday's percentage rise sounds impressive it pales into insignificance when compared to the 65%+ fall in crude in Q1 - over $40/bbl. - its worst quarterly performance in history. Riyadh-based Jadwa Investment estimates that Saudi Arabia has around 154 million barrels of oil in stock. To make matters worse, space to store the huge oversupply is quickly running out. [Full Article...]

Social Security recipients won't need to file taxes to get stimulus check

Social Security recipients won't need to file taxes to get stimulus check This means that college students who are claimed by their parents will not be eligible for their own $1,200 check. But you can expect a delay if you have to wait for a paper check. Individuals with an adjusted gross income of $75,000 or less will receive $1,200. Do I still get a payment? For married couples with no children, that income amount is $150,000 or less. [Full Article...]

Marriott International reveals details of another data breach

Marriott International reveals details of another data breach While Marriott identified the incident at the end of February, the hack is believed to have started in the middle of January. In that case, Marriott said unencrypted passport numbers for at least 5.25 million guests were accessed, as well as credit card information for 8.6 million guests. [Full Article...]

Russian Federation has no plans to increase oil output - Energy Minister

Russian Federation has no plans to increase oil output - Energy Minister As of 1524 GMT, the FTSE 250 was down 0.83% at 14,427.07, while front-dated Brent was 6.04% higher to $26.33 a barrel on the ICE. The price fell to $21.65 on Monday, the lowest since 2002. The bearish mood in the market wasn't improved by a rift within the Organization of the Petroleum Exporting Countries (OPEC). Saudi Arabia and other OPEC members have not agreed to hold a technical meeting i... [Full Article...]

Coronavirus: China hid scale of outbreak - U.S. intelligence report

Coronavirus: China hid scale of outbreak - U.S. intelligence report China isn't the only country with suspect public reporting. Subscribe now to stay ahead with the most trusted business news source. Donald Trump has said China's reported death toll and infections from the coronavirus seem "a little bit on the light side", as United States lawmakers and members of the intelligence community accused Beijing of intentionally under reporting the scale of ... [Full Article...]

Baisse importante du prix des carburants en Martinique au 1er avril 2020

Le mécanisme de réglementation des prix des carburants qui en résultent permet de se conformer aux conditions réelles du marché et d'assurer la transparence sur la formation des prix hydrocarbures. En France, en moyenne, le prix du gazole a baisse de 1,10 % depuis une semaine, de 9,7 % depuis un mois et de 14,4 % (21,2€c/l). 1,14€/L soit -12 cts/L par rapport à mars 2020 (1,26€/L). [Full Article...]

S&P 500 heads for biggest ever first-quarter plunge

S&P 500 heads for biggest ever first-quarter plunge The yield on the 10-year Treasury dropped to 0.62% from 0.70%. "We're kind of on this little milestone journey with markets", Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co, said. The relatively modest moves are a big departure from earlier in the month, when huge swings punished investors. The S&P 500 Index fell 3.4% as of 11:53 a.m. [Full Article...]

Trump Says He May Join Possible Saudi-Russia Talks On Oil's Slump

Trump Says He May Join Possible Saudi-Russia Talks On Oil's Slump Oil demand in the second quarter is expected to decline by 16.4 million barrels a day compared with the same period past year. Goldman Sachs anticipates that US supply will fall by roughly 1.4 million bpd by the third quarter of 2021 to deal with falling demand. [Full Article...]

World Health Organization official: Coronavirus epidemic 'far from over' in Asia

World Health Organization official: Coronavirus epidemic 'far from over' in Asia The pandemic is causing an unprecedented global shock, which could bring growth to a halt. Takeshi Kasai, WHO regional director for the western Pacific region, said on Tuesday that some of the possible vaccines are undergoing clinical trials for safety and effectiveness, and urged countries to take part in the studies to help produce results that can be analysed quickly. [Full Article...]

Gasoline's average price falls below $2 a gallon

Gasoline's average price falls below $2 a gallon Gas prices are plunging primarily because Floridians are not driving as much as they normally do this time of year . A gas station in Wisconsin is selling a gallon of regular gasoline for 95 cents as of Monday as prices continue to drop across the United States due to increasing supplies and a drop in demand amid the CCP virus pandemic . [Full Article...]

Gig workers are set to strike today demanding better protection from coronavirus

Gig workers are set to strike today demanding better protection from coronavirus Let's start with the Instacart workers. As an independently contracted worker, she doesn't mind supplying her own PPE. The same day, Amazon workers protested the company's handling of the pandemic. According to WCVB News , Instacart now has "more than 200,000 contracted workers who make multiple trips a day to various grocery stores to fulfill and deliver orders that customers make through the ap... [Full Article...]

Air Canada lays off 16500; cuts capacity amid pandemic struggle

Air Canada lays off 16500; cuts capacity amid pandemic struggle Another two Canadian airlines - Air Transat and Porter Airlines- have halted all flights. "Eliminating the rivalry between these airlines would result in increased prices, less choice, decreases in service and a significant reduction in travel by Canadians on a variety of routes where their existing networks overlap", the agency said in a statement. [Full Article...]

Coronavirus: Oil price collapses to lowest level for 18 years

Coronavirus: Oil price collapses to lowest level for 18 years Added to this, the low oil prices and corona crisis have also hit non-oil sectors in the Gulf hard, which are seen as key areas for growth and long-term diversification plans. "Vice President Bush was sent to Riyadh to push the Saudis to work in the opposite direction". Rosneft PJSC over the weekend sold its assets in Venezuela to the Russian government, a move that shields the Russian oil g... [Full Article...]

COVID-19: Macy's To Furlough Most Of Its 130000 Workers

COVID-19: Macy's To Furlough Most Of Its 130000 Workers The company said it will keep "the absolute minimum workforce" for basic operations, with a focus on its digital business, distribution centers and call centers. In February, Macy's announced plans to close about 125 stores over the next three years - about a fifth of the company's retail locations - and that it was cutting 2,000 jobs. [Full Article...]

Trump seeks to force General Motors to produce ventilators

Trump seeks to force General Motors to produce ventilators Experts say that no matter how many ventilators companies can crank out, it may not be enough to cover the entire need, and it may not come in time to help areas now being hit hard with critical virus cases. Besides gearing up to build ventilators , GM will temporarily convert a plant in Warren, Michigan to build surgical masks. In the same tweet, Trump said, "Ford, get going on ventilators, ... [Full Article...]

Australia Limits Public Gatherings to 2 People

Australia Limits Public Gatherings to 2 People The group representing older Australians, COTA, said it supported the prime minister's message about vulnerable Australians staying indoors. Morrison said Australia's states and territories would implement the six-month ban on evictions of people from residential and commercial properties as a "result of financial distress if they are unable to meet their commitments". [Full Article...]

Saudi Arabia threatens U.S. domination over oil markets

Saudi Arabia threatens U.S. domination over oil markets Should Russia embrace a humanitarian diplomacy and agree with OPEC to cut production, the global economy may be salvaged. According to WSJ, Saudi Arabia may need to cut prices even further as worldwide benchmark Brent has fallen below even the discounted rates at which the country is looking to sell. [Full Article...]

Italy’s deaths from coronavirus exceed 10,000 despite lockdown

Italy’s deaths from coronavirus exceed 10,000 despite lockdown Cities around the world have fallen eerily quiet as a third of humanity adjusts to life confined within the walls of their own homes. Officials said the numbers would have been worse without a national lockdown . In New York, the virus was overwhelming some of the city's poorest neighborhoods, with data showing high rates of infection in densely packed areas with big non-English-speaking popula... [Full Article...]


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