Économie

Oil prices swing as traders weigh virus progress

Oil prices swing as traders weigh virus progress West Texas Intermediate ( WTI ) crude added 27 cents, or 1.1 per cent, to $24.83. Both Brent and WTI futures are heading towards a second week of gains after record lows last month, when US oil crashed below zero on 21 April. Oil prices jumped on Thursday following the news that China's exports unexpectedly rose last month and a sharp increase in Saudi Arabia's crude oil official selling... [Full Article...]

Apple to reopen some USA stores next week with health checks

Apple to reopen some USA stores next week with health checks Apple on Friday said it will begin gradually reopening its retail shops in the USA next week, taking pandemic precautions such as making sure everyone in them wears masks. Apple said its teams constantly monitor local health data and government guidance. It touts Apple's new no-contact delivery service, financing options, order tracking, and more, with links to shop all Apple's product categorie... [Full Article...]

Oil heads for another weekly gain on demand hopes and shut-ins

Oil heads for another weekly gain on demand hopes and shut-ins Brent crude was up by 27 cents, or 0.9%, at $29.73 a barrel by 1220 GMT, having fallen almost 1% on Thursday. For the week, Brent was still up about 11% and WTI up about 18%. There are also signs that some oil producers are struggling to comply with an agreement between the members of the Organization of the Petroleum Exporting Countries (OPEC) and other suppliers, including Russian Federation, to... [Full Article...]

US unemployment rate hits 14.7% amid coronavirus, topping recession levels

US unemployment rate hits 14.7% amid coronavirus, topping recession levels The job losses reported by the Bureau of Labor Statistics destroyed the previous record of almost 2 million, set in September 1945 in the wake of World War II. So does that mean the US economy now has 33.5 million jobs fewer than it did then? April's losses erase roughly all of the jobs that the economy had added in this past decade's expansion and lay bare just how precarious employment is fo... [Full Article...]

Amazon is looking to hire 100,000 employees to keep up with demand

Amazon is looking to hire 100,000 employees to keep up with demand Employees at Amazon's United Kingdom warehouses are being told to work overtime to tackle the huge demand, despite government advice to reduce social contact. This is is popular with many sellers who import products from manufacturers in other countries, including China, and directly send them to Amazon warehouses, helping them with faster delivery without having to store all their own stock... [Full Article...]

McDonald’s workers shot in argument over closed dining room

McDonald’s workers shot in argument over closed dining room Two of three were injured by gunfire and the third was hurt in a scuffle, said Lt. Michelle Henderson of the Oklahoma City Police Department. Then, after leaving the restaurant briefly, the customer allegedly returned with a handgun and fired multiple shots. [Full Article...]

U.S. ride-sharing firm Lyft reports 23-pct growth in Q1 revenue

U.S. ride-sharing firm Lyft reports 23-pct growth in Q1 revenue Uber reported a Q1 per-share loss of $1.70 and revenues of $3.54 billion, making for a mixed set of results when compared to expectations. Lyft will report its results on Wednesday after market hours. "Today's cost cutting move ahead of tomorrow's earnings is a painful, but unfortunately a necessary, move for Dara & co.to make in this unprecedented COVID-19 environment", said Daniel Ives at Wedbus... [Full Article...]

Another 3.2 million filed new United States jobless claims last week

Another 3.2 million filed new United States jobless claims last week The county has a workforce estimated at 31,483. Washington's growing army of unemployed workers filed almost 110,000 initial claims for jobless benefits as the state economy moved toward its eighth week under the effects of the COVID-19 pandemic. [Full Article...]

Trump admits United States reopening will cost more lives

Trump admits United States reopening will cost more lives For more than a month, the task force had been the public face of the administration's response to the crisis, even though President Trump sometimes veered far from the topic at hand during its press briefings. Debate over how and when to ease restrictions on commerce and social life have grown increasingly politicised ahead of the presidential election in November, with Trump and his Republican... [Full Article...]

Oil retailers' shares plunge as govt hikes excise on petrol, diesel

Oil retailers' shares plunge as govt hikes excise on petrol, diesel When the GST was introduced on July 1, 2017, petrol and diesel were kept out of its purview given the revenue dependence of state governments on this sector. The steepest ever hike in excise duty by Rs 13 per litre on diesel and Rs 10 per litre on petrol last night has catapulted India as the country with the highest taxes on fuel. [Full Article...]

Newsom says reopening California will begin this week

Newsom says reopening California will begin this week This would include clothing stores, bookstores, music shops, toy stores, sporting goods stores, florists, and more. He said more detailed guidelines on the businesses that can reopen would be released later this week. Changes to the stay-at-home order will come later this week with specific guidelines on how to reopen. "We've got teams of people working - not just internally, but externally - ... [Full Article...]

Trump's optimistic timeline on vaccine outpaces his own experts

The president, fielding questions from Americans Sunday night in a virtual town hall from the Lincoln Memorial, acknowledged valid fears on both sides of the issue. "And now I'm saying 80,000 or 90,000". Against the grandeur of the Lincoln Memorial, Trump also rambled on about the "impeachment hoax" and whined, "Every enemy I have is put on a Democrat committee". [Full Article...]

Russian Federation tallies record 9623 new COVID-19 cases in last 24 hrs

Russian Federation tallies record 9623 new COVID-19 cases in last 24 hrs But the mortality rate has slowed in recent days and remains much lower, in relative terms, than many other countries. Russia's nationwide death toll rose to 1,280 on Sunday after 58 people died in the last 24 hours, Russia's coronavirus crisis response centre said on its website. [Full Article...]

India's manufacturing PMI contracts sharpest in April to a 15-year low

India's manufacturing PMI contracts sharpest in April to a 15-year low With new orders and output shrinking on the steepest tempo since a minimum of early 2005 factories reduce jobs on the quickest price within the survey's historical past, signaling a excessive probability of recession. Amid widespread business closures, demand conditions were severely hampered in April. This was the sharpest deterioration since the survey began over fifteen years ago. [Full Article...]

Warren Buffett's Berkshire Hathaway loses $50B during coronavirus pandemic

Warren Buffett's Berkshire Hathaway loses $50B during coronavirus pandemic Buffett predicted that we'll see a flood of litigation in the coming months, from companies that go to war with their insurance companies over lost business due to the pandemic. The meeting was streamed on Yahoo Finance. Still, Shanahan said Berkshire is "as well positioned as it can be", reflecting its diverse businesses and substantial liquidity and access to capital. [Full Article...]

Elon Musk calls stay-at-home orders 'fascist'

Elon Musk calls stay-at-home orders 'fascist' But then Elon Musk started talking, and it all got overshadowed. More than half of his wealth is in Tesla stock, of which he's the largest holder, with another $14 billion tied up in SpaceX, according to Bloomberg estimates. Moreover, the health crisis has greatly impacted Tesla's operation since January after their Shanghai factory was shut down due to the pandemic. Among the company's co... [Full Article...]

Billionaire Warren Buffett sells all his United States airline shares

Billionaire Warren Buffett sells all his United States airline shares The conglomerate was one of the largest individual holders in the four airlines. The conglomerate had an 11 percent stake in Delta Air Lines, 10 percent of American Airlines, 10 percent of Southwest Airlines, and 9 percent of United Airlines, according to its annual report and company filings. [Full Article...]

Elon Musk fait plonger l'action Tesla jugeant son cours trop élevé

Elon Musk fait plonger l'action Tesla jugeant son cours trop élevé Tesla avait déjà annoncé qu'elle était en mesure de maintenir les volumes de livraison et de production au cours du premier trimestre malgré les premiers effets de la pandémie. Cependant, tout ne se déroule pas comme prévu. Seule fausse note dans la publication: le groupe a dû repousser à 2021 les premières livraisons de son très attendu semi-remorque. [Full Article...]

Ryanair warns of 3,000 job cuts amid Covid-19 crisis

Ryanair warns of 3,000 job cuts amid Covid-19 crisis Ryanair has already transferred all of Lauda's slots in Vienna to Ryanair ahead of the labour talks deadline but Lauda's base would be retained if the new terms were accepted by its staff, O'Leary said. " Lufthansa , Air France-KLM and Alitalia can now fund many years of below-cost selling". In a statement, the airline says it expects to operate less than 1% of its scheduled flying program in ... [Full Article...]

Amazon's Q1 Profit Dips on COVID Response

Amazon's Q1 Profit Dips on COVID Response Amazon is in hot water with a powerful congressional committee interested in the company's potentially anticompetitive business practices. Asking Bezos to testify " on a voluntary basis ", the committee hinted that it " reserve [s] the right to resort to compulsory process, if necessary ". [Full Article...]


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