Markets

Markets Cruise lines excluded from Senate's $2 trillion stimulus bill | TheHill - The Hill
Author: 0 Cruise lines excluded from Senate's $2 trillion stimulus bill | TheHill - The Hill

Cruise lines support more than 421,000 American jobs and annually contribute about $53 billion to the USA economy, according to the Cruise Line Industry Assn. When asked about the U.S. funding bill, Royal Caribbean directed reporters to a March 23 press release that said the company had "entered into a $ 2.24 billion, 364 day guaranteed term loan facility.", thereby improving its liquidity position.

Markets Chancellor signals tax hike for self-employed after Covid-19 is over
Author: 0 Chancellor signals tax hike for self-employed after Covid-19 is over

Mr Sunak said the scheme will be available "no later" than the beginning of June. The scheme will be open to those with profits of up to £50,000 and who earn the majority of income from self-employment. If you are eligible for the scheme, HMRC will contact you directly and ask you to fill out an online form. And there were also fears about how long it would take for self-employed workers and freelancers to recover financially after the crisis - and the Government support - had gone.

Markets Joe Biden slams coronavirus bill over lack of progressive policies
Author: 0 Joe Biden slams coronavirus bill over lack of progressive policies

Doug Collins , R-Ga., said Thursday. "This bill doesn't include student loan forgiveness, which would go a long way to provide an immediate relief for those who need it the most", the Democratic frontrunner said in an NBC News appearance, "I support forgiving at least $10,000 in student loan debt per person now".

Markets U.S. stocks end mixed amid anticipation of stimulus package
Author: 0 U.S. stocks end mixed amid anticipation of stimulus package

Nike Inc rose 9% after the sportswear giant beat quarterly revenue estimates and said sales in China were rebounding, helped by online orders. A separate proposal from Democrats in the U.S. "Investors now have to judge whether tremendous policy support is sufficient to meet worsening economic conditions", said Stephen Innes of AxiCorp.in a report .

Markets Congress close to agreeing United States stimulus package
Author: 0 Congress close to agreeing United States stimulus package

Stabenow joined the colloquy to say that Democrats want to join the Republicans to help farmers, but noted that her state's cherry farmers had not gotten any trade aid when the Trump administration used the CCC to help farmers. Several House Republicans indicated Tuesday that they may not agree to pass the bill unanimously, presenting a possible challenge to approving the eventual deal in the House.

Markets Oil prices fall as demand woes eclipse USA stimulus
Author: 0 Oil prices fall as demand woes eclipse USA stimulus

Brent crude was down 92 cents, or 3.4%, at $26.24 USA per barrel after earlier rising to a high of $28.29. Earlier in the session both Brent and WTI were trading up over 5%. Oil prices continued their rally into Wednesday morning in Asia after the American Petroleum Institute (API) reported a drop in the USA crude oil supply.

Markets French PM says lockdown could last weeks
Author: 0 French PM says lockdown could last weeks

Confirming the veracity of the report, a senior French official told Politico: "We had prepared the closure of our border and told Prime Minister Johnson we would implement it that day if there was no evolution [of British measures]". Veran also said France would heed World Health Organization recommendations to increase coronavirus testing. "If the lockdown is maintained, which should be the case, places of worship will be inaccessible and family reunions won't be possible", the source ...

Markets Stocks head higher in biggest rebound since coronavirus crisis started
Author: 0 Stocks head higher in biggest rebound since coronavirus crisis started

The Dow Jones Industrial Average had its best one-day percentage gain in almost 90 years, soaring 2,093 points by the time markets closed on Tuesday as investors braced for Congress to finally pass the coronavirus stimulus bill. Other areas of the market that were hardest hit in recent weeks were also helping to lead the market higher, including energy companies and banks. Markets rose even as more dismal data came in about the global economy.

Markets Oil prices volatile as virus saps demand
Author: 0 Oil prices volatile as virus saps demand

US production quotas could create a $5 to $10 upside to Goldman Sachs' West Texas Intermediate price forecast of $40 to $45 a barrel in 2021, the bank said. United States oil rig count coming up next on the docket. Refining margins for gasoline and jet fuel have tanked because of decreased demand for transportation fuels, as the pandemic has forced businesses to close and governments to push residents to avoid travel and public places.

Markets Gas hits 99 cents at Ky gas station amid pandemic
Author: 0 Gas hits 99 cents at Ky gas station amid pandemic

But what about the low gas prices - like, real low? According to AAA, two-thirds of all states saw a double-digit price drop at the pumps this week. The coronavirus has caused countries to be in lockdown, limiting driving, flying and overall movement in order to contain the spread. Due to the lack of demand, two of the biggest oil-producing countries in the world, Saudi Arabia and Russian Federation, met to discuss plans to cut back on oil production in hopes of stabilizing prices.

Markets Trump Announces 2 Possible Treatments for COVID-19
Author: 0 Trump Announces 2 Possible Treatments for COVID-19

Chloroquine is a synthetic form of quinine, which has been used to treat malaria since the 1940s. "It's shown very encouraging - very, very encouraging early results". He said the state was "going to do everything we can to mitigate and slow the spread, but in the time that we have, we've got to increase our surge capacity".

Markets Federal student loan payments suspended, borrowers can ask for 60 days
Author: 0 Federal student loan payments suspended, borrowers can ask for 60 days

Although most states have moved to computer-based testing, this announcement is a recognition of the reality that schools are shut down and education has been interrupted for most students nationwide . An automatic suspension of payments for borrowers 31-days late as of March 13, 2020, or those who might become 31-days delinquent on payments will also be administered.

Markets Coronavirus: Amazon blocks non-essential items from warehouses
Author: 0 Coronavirus: Amazon blocks non-essential items from warehouses

The changes will take effect immediately. This halt on shipments applies to sellers who use Amazon's storage and delivery network for a fixed fee, through Fulfillment by Amazon , as well as vendors who wholesale their products to Amazon , who then resells them at a markup, according to Business Insider .

Author: 0 Stock Market Plummets as Trump Acknowledges Economy "May" Be Headed Toward Recession

The Nasdaq Composite dropped 970.28 points, or 12.32 percent, to 6,904.59. Monday's trading was immediately halted after the start for 15 minutes, when a key index plunged. The US Federal Reserve on Sunday slashed borrowing costs to zero - its second emergency cut in less than two weeks - and took action coordinated with central banks in several European countries to counteract global "dollar funding pressures".

Markets JetBlue airline bans passenger for life over COVID-19
Author: 0 JetBlue airline bans passenger for life over COVID-19

The Port Authority of NY and New Jersey confirmed that the areas the passenger went through were checked on security camera footage and cleaning immediately began. "At this time passengers in the vicinity of the positive patient were advised of monitoring procedures", Palm Beach County Fire Rescue said in a statement.

Markets Chancellor Rishi Sunak promises £330 billion support package for businesses
Author: 0 Chancellor Rishi Sunak promises £330 billion support package for businesses

The chancellor also said that mortgage lenders would offer a three-month mortgage holiday for those in financial difficulty due to the coronavirus . "Every single shop, pub, theatre, music venue, restaurant... The British government has promised to provide £330 billion ($400bn) in loans and guarantees to businesses, as Prime Minister Boris Johnson pledged to act like he is leading a "wartime government" and do "whatever it takes to support our economy".

Markets PM urges Australians to listen to coronavirus 'facts rather than opinion'
Author: 0 PM urges Australians to listen to coronavirus 'facts rather than opinion'

Australia will also ban cruise ships from foreign ports for an initial 30 days, he said. The self-isolation rule is similar to measures announced for New Zealand by Prime Minister Jacinda Ardern yesterday. "If your mate has been to Bali and they come back and they turn up at work in our city next you, they will be committing an offence, so I think it is up to all of us to ensure that we are ensuring this is put in place stop Australians will exercise common sense", he said.