Économie

Weekly unemployment claims drop in Washington, but jobs recovery isn’t here yet

Weekly unemployment claims drop in Washington, but jobs recovery isn’t here yet The Labor Department said 16.2 million people are receiving traditional benefits - a decline of 1.1 million from the prior week, but still more than double thepre-pandemic record set in June 2009. Plus, over 15 million are receiving benefits through other unemployment programs, including PUA. Some 1.416 million Americans filed for first-time unemployment benefits in the week ending July 18, up f... [Full Article...]

White House, Senate GOP Weigh Interim Unemployment Aid Extension

White House, Senate GOP Weigh Interim Unemployment Aid Extension Easing the payroll tax is dividing Trump's party because it does little to help out-of-work Americans and adds to the debt load. Whatever lawmakers ultimately agree upon would be part of a much broader package that could include different types of aid, such as expanded unemployment insurance. [Full Article...]

Republicans to push for $1 trillion aid package

Republicans to push for $1 trillion aid package The U.S. Chamber of Commerce, which has repeatedly urged Congress to take up infrastructure legislation, did not include roads, bridges and highways in a laundry list of relief priorities it sent to Capitol Hill last week, The New York Times reported over the weekend. [Full Article...]

Trudeau finance minister BUSTED-WE Charity covered $41000 for family vacation

Trudeau finance minister BUSTED-WE Charity covered $41000 for family vacation He has faced pressure from both the Conservatives and NDP to agree to face committee questions about the decision to grant the controversial charity a contract to administer a $900-million student grant program. "The Prime Minister has accepted the invitation to appear at the Finance Committee", the Prime Minister's Office confirmed in a statement. In early July, the organization handed back con... [Full Article...]

Gold, silver are surging to multi-year highs on virus spreading

Gold, silver are surging to multi-year highs on virus spreading Spot gold wasat $1818.53 per oz after earlier hitting a high of $1820.06. Spot gold rose $24.50 to $1,840.40 an ounce, its highest level since September 9, 2011, while silver gained $1.34, hitting a more than 6-year high of $21.46 an ounce. [Full Article...]

Newspaper: EU leaders undecided on rescue plan

Newspaper: EU leaders undecided on rescue plan And there will be more that no doubt will still be hard. On Saturday night, Macron and German chancellor Angela Merkel walked out of a meeting with Rutte and other "frugal block" leaders. Tempers flared in the conference room on Monday as frustration boiled over after a full weekend of haggling, with French President Emmanuel Macron upbraiding the Dutch and Austrian leaders and threatening a wal... [Full Article...]

Benchmark Mortgage Rate Drops Below 3 Percent

Benchmark Mortgage Rate Drops Below 3 Percent That's because mortgage rates usually move with the 10-year Treasury note yield, and yields sink when investors park their money in safe places (like bonds) to prepare for dark economic times. "You're likely to see more improvements in retail spending numbers and auto loan rates the lower interest rates go", he said. In my early morning discussion with economist Bruce WD Barren, he pointed out t... [Full Article...]

Coronavirus crisis: Two more COVID cases recorded in WA

Coronavirus crisis: Two more COVID cases recorded in WA The findings stoked expectations Victoria will be forced to implement tougher restrictions on its residents, which in turn will damage Australia's national economy. "Let's not any of us contribute to the fact that we have got significant virus, and it is spreading across the Victorian community". Victoria state Premier Daniel Andrews is under mounting pressure, with one of Australia's biggest ... [Full Article...]

Instagram releases new shopping feature with recommendations, trends

Instagram releases new shopping feature with recommendations, trends Like TikTok , Reels allows users to craft 15-second clips, pinch sounds from other creators, and catch popular Reels in a dedicated feed. "With Reels, people can share with their friends + followers", continued the spokesperson, "and, if they have a public account, they can share to Explore and may be discovered by the huge, diverse Instagram community". [Full Article...]

Apple and Ireland Win $15 Billion European Union Tax Appeal

Apple and Ireland Win $15 Billion European Union Tax Appeal Some tech CEOs, including Alphabet's Sundar Pichai and Apple's Tim Cook, have welcomed the OECD initiative, though it also faces the challenge of needing substantial cooperation from its diverse membership to move forward. "It is just not sustainable from a tax-fairness point of view, it is not sustainable from a public revenues point of view and it needs to be addressed", he said. [Full Article...]

Bitcoin scams on Twitter are nothing new-and they work

Bitcoin scams on Twitter are nothing new-and they work So was the account of presumptive Democratic nominee Joe Biden , which could lead to consequences for the 2020 election. The scam tweet also listed a bitcoin address - ostensibly associated with the hacker's crypto wallet. The first is that there are some system-wide vulnerabilities that may be impossible to plug. "It used to be the Nigerian prince letter with a bunch of spelling mistak... [Full Article...]

‘Massive’ unemployment fraud enterprise targeting expanded benefits busted in Maryland

‘Massive’ unemployment fraud enterprise targeting expanded benefits busted in Maryland This item will be updated . Maryland state and federal officials are investigating a massive coronavirus-related scam involving $500 million worth of fraudulent unemployment insurance claims. Attorney and the U.S. Department of Labor Office of the Inspector General and has been coordinating with them in this ongoing investigation. "Eventually, it was clear that waiting around for the president... [Full Article...]

Tesla slashes Model Y price

Tesla slashes Model Y price Tesla created a "Standard Range" version available, but it is not listing anywhere. It seems Tesla has ruled out Standard Range cars, as there will be no Model Y Standard Range. When completed, the plant is expected to produce battery parts and powertrains for use in Tesla cars, as well as the Tesla Model Y , an electric crossover utility vehicle. [Full Article...]

Wall Street jumps at open on Goldman's profit beat, vaccine hopes

Wall Street jumps at open on Goldman's profit beat, vaccine hopes Does the price action indicate an imminent change in trend? Remember, the mostly technology driven index took the indexes higher, and it could take them straight down too. [Full Article...]

United Kingdom bans China's Huawei from 5G network

United Kingdom bans China's Huawei from 5G network It followes the further USA sanctions imposed against Huawei in May, preventing it from using microchips from American suppliers. Moreover, shutting out Huawei does not comply with Britain's long-term interests. Trump signed legislation Tuesday night that would impose sanctions on businesses and individuals that help China restrict Hong Kong's autonomy. " Huawei operates independent of th... [Full Article...]

La justice européenne donne raison à Apple face à Bruxelles — Amende record

La justice européenne donne raison à Apple face à Bruxelles — Amende record La Cour de justice considère que la Commission " a erronément conclu, au titre de son raisonnement principal, que les autorités irlandaises ont accordé un avantage à ASI et AOE, pour ne pas avoir attribué à leurs succursales irlandaises les licences de propriété intellectuelle du groupe Apple détenues par ASI et AOE et, de ce fait, l'ensemble des revenus commerciaux d'ASI et d'AOE. [Full Article...]

Why OPEC's next move could trigger another price downturn — Posthaste

Why OPEC's next move could trigger another price downturn — Posthaste For 2021, demand will be 97.4 million barrels a day; but due to the improved outlook for 2020 the recovery, next year is lower at 5.3 million barrels a day. The International Energy Agency said it did see some encouraging signs for the oil market. Non-OPEC supply is set to plunge by a massive 3.26 million barrels a day in 2020, and will rise by only 920,000 barrels a day the following year. [Full Article...]

Pfizer, BioNTech get vaccine 'fast track' from FDA

Pfizer, BioNTech get vaccine 'fast track' from FDA If the trials go as planned, the companies expect to manufacture up to 100 million doses by the end of the year and possibly more than 1.2 billion doses by the end of 2021. Pending the success of ongoing studies, "the companies now expect to manufacture up to 100 million doses by the end of 2020 and potentially more than 1.2 billion doses by the end of 2021". [Full Article...]

Reliance 1st online AGM to feature brand-new virtual platform, Chatbot

Reliance 1st online AGM to feature brand-new virtual platform, Chatbot Qualcomm is investing in Jio Platforms at an equity value of INR 4.91 Lakh Cr and an enterprise value of INR 5.16 Lakh Cr. The total money raised by RIL is just Rs 2,000 crore less than the Indian government's disinvestment target of Rs 1.20 lakh crore for fiscal 2021. [Full Article...]

PM Trudeau apologizes for not recusing himself from WE volunteering decision

PM Trudeau apologizes for not recusing himself from WE volunteering decision And he says he's particularly sorry that the delay in the program caused by WE's eventual decision to withdraw will harm students looking for ways to help in the COVID-19 pandemic. In a statement provided to CTV News on Sunday, WE Charity said that extra staff had been hired "specifically to support the administration of the CSSG program and are not part of WE Charity's permanent staff". [Full Article...]


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