Markets

Markets Eleven new COVID-19 deaths reported in B.C.
Author: 0 Eleven new COVID-19 deaths reported in B.C.

Guidelines from the B.C. Centre for Disease Control limit testing to people who are hospitalized or likely to be hospitalized, health-care workers, residents in long-term care and people who are part of an investigation for a cluster outbreak.

Author: 0 Ontario building big health database to fight COVID-19

There are 1,534 people now under investigation awaiting test results. There are now 261 COVID-19 patients in intensive care, with the majority of them on ventilators. More than 430 nursing home staff members have been infected with COVID-19, accounting for nearly half the 954 health care workers who have contracted the new coronavirus thus far.

Markets Oil prices up 2% after output cut, but demand worries weigh
Author: 0 Oil prices up 2% after output cut, but demand worries weigh

Crude futures contango - the market structure in which later-dated prices are higher than prompt supplies - widened, highlighting some optimism over the longer-term impact of the Opec + cuts but also current oversupply concerns. The producer group reached a deal following days of intense negotiations after Mexico declined to endorse the original agreement reached Thursday. "Secondly, the importance of this decision is not limited by the 9.7 million barrels per day production cut in ...

Markets IRS Sends Out First Wave Of Coronavirus Stimulus Checks
Author: 0 IRS Sends Out First Wave Of Coronavirus Stimulus Checks

Americans eligible for the coronavirus economic stimulus package have started seeing payments arrive in their accounts. The Internal Revenue Service has expanded its July tax deadline to include additional 2019 income tax returns and payments.

Markets Tesla's China sales hit record high in March: industry association
Author: 0 Tesla's China sales hit record high in March: industry association

The four-door vehicle sells for 366,550 yuan ($52,000) before rebates, according to Tesla's website, and is created to have a range of about 668 kilometers (415 miles) on one charge. Ultimately, starting Giga Berlin's initial target of 3,000 Model Y per week shows that Tesla is very confident with its new vehicle, as well as its capability to produce it on a new factory.

Markets OPEC, allies agree to cut output by 10mn bpd: Zanganeh
Author: 0 OPEC, allies agree to cut output by 10mn bpd: Zanganeh

OPEC and its allies led by Russian Federation agreed on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.

Markets Four new cases of COVID-19 confirmed in South Health Zone
Author: 0 Four new cases of COVID-19 confirmed in South Health Zone

In the event of an emergency, the government is poised to use medical equipment capable of mechanical ventilation including transport, anaesthetic and pediatric devices. "I think it's clear we have a shortage, and best practices are being defined by supply", said Notley. The government announced it was boosting its infrastructure spending by about $1 billion in order to allow companies to keep their workers employed as the COVID-19 pandemic continues.

Markets Iran says US oil production must be known before OPEC+ call
Author: 0 Iran says US oil production must be known before OPEC+ call

However, an industry source, who spoke to Al Khaleej Today on the condition of anonymity, said the meeting might not be as conclusive as many hope for because the United States producers are unlikely to join any deal. "We're seeing the first step which is cutting across systems". There are also concerns about whether USA producers would be permitted to take part in cuts.

Markets Tesla-made ventilators won't arrive in time: NY Governor
Author: 0 Tesla-made ventilators won't arrive in time: NY Governor

Automotive companies obsessively stage parts for final assemble. On April 5, Tesla engineering provided an update on the company's own ventilator, which is "heavily based on Tesla vehicle parts", according to engineering director Joseph Mardall.

Markets Big drop in dairy demand forces Quebec producers to dump milk
Author: 0 Big drop in dairy demand forces Quebec producers to dump milk

As a result, the country's dairy farmers are still counting huge losses as they find themselves in a hard situation to sell their items including milk, ghee, curd and chives. Taking to social media, farmers in the USA state of Georgia and Canadian state of Quebec provided eyeopening accounts of emptying their bulk tanks.

Markets Social Security recipients will automatically receive stimulus check
Author: 0 Social Security recipients will automatically receive stimulus check

To qualify for the full $1,200 payment , your adjusted gross income needs to have been less than $75,000 (or $150,000 for married joint filers, for a payment of $2,400) when you filed. "I told her, 'let's get your 2019 return filed right away!' In doing so, she will now receive $3,400 as opposed to zero". The timeline means tens of millions of Americans will have to wait to get badly needed assistance, despite repeated suggestions from Treasury Secretary Steven Mnuchin that the money ...

Markets Oil Price War: Who is Benefiting from OPEC+ Deal Failure?
Author: 0 Oil Price War: Who is Benefiting from OPEC+ Deal Failure?

Others, including the chief economist for global commodities trader Trafigura, have said that oil demand could fall as much as 30 percent from the end of past year over coming weeks. This suggests that the biggest producer in the OPEC cartel is on track to reach a record 12.3 million barrel a day in April, they said in a note.

Markets S&P 500 heads for biggest ever first-quarter plunge
Author: 0 S&P 500 heads for biggest ever first-quarter plunge

On Wall Street overnight, stocks plunged to close out their worst quarter since the most harrowing days of the 2008 financial crisis. 'Talk of a bottom in equity markets still seems remarkably premature given the continued increase in infection and death rates across Europe and the United States , ' said Michael Hewson, chief market analyst at CMC Markets in London.

Markets Gas prices continue plummeting, averaging $2.27 a gallon in Pittsburgh area
Author: 0 Gas prices continue plummeting, averaging $2.27 a gallon in Pittsburgh area

AAA Michigan reports gas prices dropped 13 cents compared to a week ago, meaning Michigan drivers are now paying an average of $1.73 per gallon for regular unleaded. Amid the pandemic , there is "quite a bit more downside that's in the pipeline coming in the weeks ahead", he added. Pump prices continue to decline around the country as oil prices have decreased significantly in response to the increasing public health, financial and economic impact of COVID-19 and the crude price war between ...

Markets Air Canada to lay off more than 15,000
Author: 0 Air Canada to lay off more than 15,000

The airline has already announced it would lay off 5,150 flight attendants and has put 600 of its 4,400 pilots on unpaid leave as the company struggles to stay afloat amid border closures and travel cancellations prompted by the outbreak of Covid-19.

Markets McDonald's staffer faked COVID-19 to get out of work: Hamilton cops
Author: 0 McDonald's staffer faked COVID-19 to get out of work: Hamilton cops

On Saturday, McDonald's said it closed down one of its restaurants on the Mountain after a worker reportedly tested positive for COVID-19, according to a spokesperson. Yesterday, police arrested and charged the 18 year old woman with fraud and mischief. The McDonald's outlet is a large restaurant at a busy crossroads on the city's Mountain, at the corner of Rymal Road East and Upper James St.

Markets Peter Navarro: Intent on preventing 'bottlenecks' of needed medical supplies, ventilators
Author: 0 Peter Navarro: Intent on preventing 'bottlenecks' of needed medical supplies, ventilators

President Donald Trump speaks before signing the coronavirus stimulus relief package, at the White House, Friday, March 27, 2020 , in Washington. "Now they are saying it will only be 6000, in late April, and they want top dollar". In his most recent tweet , US President Donald Trump lashed out on auto majors General Motors and Ford for delaying the manufacturing of ventilators at their plant.