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Stories about Finance

Mar 29 2020

Consumer Cos Down As Cruise Lines Resume Slide -- Consumer Roundup

Even so, the cruise industry wasn't complaining Friday about being left out of the funding package. Carnival chief executive Arnold Donald recently said: "We don't need...

Mar 28 2020

Who qualifies for a relief check in the $2 trillion stimulus package?

The bill , which still needs to be passed by the House of Representatives and signed by the President before it goes into effect, consists of more than 400 pages of l...

Mar 28 2020

Oregon Seeing Record Number Of Unemployment Claims

The previous high was 8,945 for the week ending January 10, 2009. While the state had some of the first cases of the virus in the nation from travelers coming from the ...

Mar 27 2020

US stocks open with 3rd straight day of gains

GOP Senators Tim Scott, Ben Sasse and Lindsey Graham demanded changes, saying the legislation as written "incentivizes layoffs" and should be altered to ensure employees ...

Mar 26 2020

Pelosi Warms Up To Senate Coronavirus Relief Bill

Stocks rallied on the news that a deal was near, with the Dow Jones Industrial Average up more than 11% Tuesday afternoon. - Up to $500 billion in "liquidity assistance...

Mar 26 2020

Coronavirus France: Lockdown is 'likely' to last SIX WEEKS

French President Emmanuel Macron spoke by telephone with his Chinese counterpart Xi Jinping on Monday, after Saudi Arabia, which now presides over the G20, last week ca...

Mar 26 2020

Oil prices up on $2 trillion USA stimulus optimism

API estimated a surprise draw of 1.247 million barrels in the US crude oil inventory for the week ending March 21, with a build of 2.774 million barrels. The Dallas Fed...

Mar 25 2020

Fed president: Unemployment might reach 30%, surpassing Great Depression levels

The Fed is creating new programs for the almost 5,200 FDIC- insured USA banks, as well as finance companies and corporations to stave off business bankruptcies and keep e...

Mar 23 2020

Gas Price Drops Below A Dollar At One Gas Station

However, because the two countries couldn't come to an agreement , a price war broke out, leading to the biggest-single-day drop in oil prices since 1991 on March 9. C...

Mar 22 2020

USA stocks open with gains for second straight day

The S&P 500 lost 4.34 percent. Both the S&P 500 and Dow Jones industrial average suffered their biggest weekly declines since 2008. The Nasdaq fell 995.36 points, o...

Mar 22 2020

Who Will Win The Oil Price War?

Companies like Continental Resources and Devon Energy, whose share prices were already under pressure, saw their market values cut in half after the outbreak of the price...

Mar 21 2020

United States fast-tracking antimalarials to treat coronavirus

The president has said repeatedly that Americans who need coronavirus tests can get them and vowed that his administration is rapidly scaling up production of testing k...

Mar 21 2020

Trump Suspends Student Loan Payments, Standardized Testing

Those states that are granted a waiver will also get a waiver from the requirement that statewide testing data be used in its accountability system. The new interest rate...

Mar 20 2020

Amazon suspends shipping of non-essential supplies

CBS reports the e-commerce giant told third-party sellers to stop shipping non-essential goods to their warehouses in the USA and European Union until April 5 or lat...

Mar 19 2020

Automakers Are Shutting Down US Factories to Curb COVID-19

According to the Associated Press , around 150,000 workers are "likely to receive supplemental pay in addition to unemployment benefits". GM will begin shutting down We...

Mar 19 2020

Qantas Just All But Grounded Their International Fleet Until June

The airline is following advice given by the Australian government to no longer fly to foreign countries. The airline will ground over 150 aircraft, including all of ...

Mar 18 2020

Chancellor Rishi Sunak announces £330bn fund for business loans during coronavirus outbreak

Chancellor Rishi Sunak has said the Government will provide £330bn in Government backed and guaranteed loans to United Kingdom businesses affected by the coronavirus ....

Mar 18 2020

Woolworths Is Launching a Dedicated Shopping Hour for Vulnerable Australians

Coles will "temporarily" suspend home delivery for most customers, only offering the option to "the most vulnerable and those isolated". Coles, meanwhile, will be laun...

Mar 18 2020

JetBlue Permanently BANS Passenger Who Boarded Flight ‘Knowing’ He Could Have Coronavirus

The Port Authority of NY and New Jersey immediately began to clean the areas he came into contact with based on security footage, including gates, security checkpoints ,...

Mar 17 2020

Most airlines will be bankrupt soon without government bailouts

It will mostly consist of airlines that are the biggest and the best-supported by their governments. CAPA said the entire airline industry needs to be re-thought fo...