Économie

Gilead surges after report suggests COVID-19 patients responding to remdesivir

Gilead surges after report suggests COVID-19 patients responding to remdesivir US equity futures bounded higher with stocks in Europe and Asia on Friday as tentative steps toward restarting the world's largest economy helped investors look past mixed progress on curbing the coronavirus and dismal data from China. The trials are investigating five- and 10-day treatment courses of remdesivir, and aim to have a statistical comparison of improvement between them. What does t... [Full Article...]

IEA forecasts huge drop in oil demand in 2020

IEA forecasts huge drop in oil demand in 2020 DBRS Morningstar says the historic cuts in crude oil production agreed to by OPEC and key non-OPEC producers should temper what they call the tidal wave of crude oil supply. The cartel had previously expected the United States to have been responsible for most non-cartel production growth, but now forecasts U.S. output to drop by 0.15 mbd. [Full Article...]

Feature allows you to check the status of your stimulus check

Feature allows you to check the status of your stimulus check However, JPMorgan Chase, the biggest bank in the USA, said it wouldn't offset debts with stimulus funds but wouldn't give the money to the people either-it would return the money to the Treasury, to "determine the address to mail the full stimulus amount and ensure the former customer gets the full benefit". [Full Article...]

Ottawa offers business more help during pandemic

Ottawa offers business more help during pandemic Trudeau was pressed on when the Canada-U.S. border may re-open after U.S. President Donald Trump said he wants to open the border sooner rather than later. Jessy Bains is a senior reporter at Yahoo Finance Canada. "If we reopen too soon, everything we're doing now might be for nothing". The U.S. and Canada agreed last month to limit border crossings to essential travel amid the pandemic but th... [Full Article...]

Google Tells 120,000 Employees to Work Remotely

Google Tells 120,000 Employees to Work Remotely With an aim to mitigate risks, the company also blocked several external visitors from entering some of its offices, including San Francisco Bay Area and NY. COVID-19 is the disease caused by the coronavirus. Apple and Facebook have also issued similar instructions to their staff in certain locations. In view of the global spread of the novel coronavirus, Google is establishing a COVID-19 fu... [Full Article...]

Trump Looks to Reopening US Economy Amid Coronavirus

Trump Looks to Reopening US Economy Amid Coronavirus US President Donald Trump says he will seek advice from leaders of industry groups to revive the country's economy that has been hit hard by the coronavirus pandemic . "They're going to give us some ideas", Trump said on Tuesday at a briefing in the Rose Garden, where he unveiled a sprawling list of dozens of CEOs from industries ranging from agriculture to defence. [Full Article...]

Oil industry facing 'Black April' after price crash

Oil industry facing 'Black April' after price crash The epidemic has killed more than 123,000 people since it first emerged in China in December. The group claimed cuts of 5 million barrels a day would be made by other producers outside OPEC such as Norway and Canada, while the U.S. These centres operate independently from the SPR, the official said, and often act as a swing supplier to state oil refineries by loaning crude to plants at a highe... [Full Article...]

Oil slide dents futures ahead of bank earnings

Oil slide dents futures ahead of bank earnings Goldman Sachs Group Inc also set aside almost $1 billion to meet future loan defaults, while Citigroup Inc's loan loss reserve grew to almost $5 billion. While the number of cases of the coronavirus continues to mount, with data from Johns Hopkins University showing there are more than 1.9 million cases around the world, including over 582,000 in the US, analysts and politicians are expressing ... [Full Article...]

Smithfield Foods pork facility closed 'until further notice' due to coronavirus

Smithfield Foods pork facility closed 'until further notice' due to coronavirus South Dakota will pioneer efforts for statewide clinical trials for hydroxychloroquine , a potential treatment for a new coronavirus , according to Governor Kristi Noem. The issues follow almost a month of stockpiling of food and other essentials by panicked shoppers that have tested supply networks as never before. [Full Article...]

COVID-19: International Monetary Fund approves debt relief for 25 countries

COVID-19: International Monetary Fund approves debt relief for 25 countries First, the "Temporary Economic Refinancing Facility" worth 100 billion rupees to stimulate investment in new manufacturing plants and machinery at 7 percent fixed for 10 years. It said that if the pandemic took longer to control and there was a second wave in 2021, this would knock an additional 8 percentage points off global GDP. [Full Article...]

CNN anchor Chris Cuomo says he's frustrated at his TV role

CNN anchor Chris Cuomo says he's frustrated at his TV role However, regarding the northeast plan, Cuomo commented, "We didn't start with a timetable". Governor Ned Lamont said, "One thing that's undeniable is that this virus does not stop at the border of any county, state, or country, but the impact is the same when it comes to our respective economies and healthcare systems". [Full Article...]

Washington joins California and OR in agreement on reopening economy

Washington joins California and OR in agreement on reopening economy This effort will be guided by data. "Connecticut has worked in harmony with regional governors in NY and New Jersey combating this virus and we are making progress", said Lamont. Phil Murphy said it could take time. In Texas, where there have been 13,906 cases, Governor Greg Abbott said on Friday he would provide an executive order this week for reopening businesses. [Full Article...]

US Postal Service says it will run out of money by September

US Postal Service says it will run out of money by September Mail volume has fallen steeply in the wake of the coronavirus pandemic, and the federal agency is expecting the same downward turn in revenues. The Postal Service did not get specific funding in the $2 trillion coronavirus relief legislation, but deserves help, its union president said in a statement last month. [Full Article...]

Oil nations agree on record deal to cut production

Oil nations agree on record deal to cut production The Opec + group, comprising the Organisation of the Petroleum Exporting Countries, Russia and other countries, agreed to cut output by 9.7 million barrels per day (bpd) in May and June, or about 10 per cent of global supply. The United States, where antitrust legislation makes it hard to act in tandem with groups such as Opec , has said that low prices mean its output would already fall by as... [Full Article...]

Ontario reports 421 new COVID-19 cases, 17 new deaths

The summary also shows that 18 patients who died were between the ages of 40 and 59, another 89 deceased patients were between the ages of 60 and 79 and 183 patients who died were 80 years of age or older. The exposure information for close to half of all the cases reported (46.3 per cent) is listed as pending. The health unit is aware of 682 tests submitted locally. [Full Article...]

Tilman Fertitta says he laid off employees quickly as a ‘favor’

Tilman Fertitta says he laid off employees quickly as a ‘favor’ According to Forbes magazine , Fertitta is the No. 414 among the richest people in the world, and was ranked No. 140 on the Forbes 400 in 2019. "I resist pretty well", the Texas magnate who is said by Forbes valued at $ 4.8 billion told Fox News Saturday. [Full Article...]

IRS Launches Online Coronavirus Stimulus Check Tool for Non-Filers

IRS Launches Online Coronavirus Stimulus Check Tool for Non-Filers For those who were not required to file tax returns in 2018 or 2019, the IRS has launched a similar web tool to determine eligibility and register for the stimulus check . Married couples filing joint returns with an AGI of up to $150,000 are eligible for the full $2,400 Economic Impact Payment . This includes people who had no income. [Full Article...]

40 new COVID-19 cases in British Columbia, 5 additional deaths

40 new COVID-19 cases in British Columbia, 5 additional deaths Health Minister Adrian Dix once again urged B.C. residents not to travel to Alberta (and vice versa), noting such travel does not make any sense and should not happen in this crisis. Of the 1370 confirmed cases of COVID-19 in the province, 858 people have returned back to full health. But the number of confirmed cases in an outbreak at the Mission Institution federal prison had increased to 26, ... [Full Article...]

Tesla Announces Production of Discontinued Model 3 Long Range RWD in China

Tesla Announces Production of Discontinued Model 3 Long Range RWD in China The more efficient Model 3 is viewed as an attempt by Tesla to fend off competition from Volkswagen AG and BMW in the country. China-made Long Range Model 3 vehicles will be priced at 339,050 yuan after getting subsidies, while locally made Performance Model 3 will be priced at 419,800 yuan. [Full Article...]

Vers une baisse massive de la production de pétrole

Vers une baisse massive de la production de pétrole Les ministres s'engagent également à "travailler ensemble dans un esprit de solidarité sur des actions immédiates et concrètes afin de traiter ces problèmes dans une période d'urgence internationale sans précédent " ainsi qu'à "prendre toutes les mesures nécessaires et immédiates pour assurer la stabilité du marché de l'énergie ". [Full Article...]


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