Vanishing demand and alternative grades at never-seen-before prices are fueling expectations that Saudi Aramco will need to price its crude at aggressively low levels this month to keep its customers
Continue reading »ADB Cuts Developing Asia’s Growth Outlook Sharply On Covid-19 Impact
The Asian Development Bank cut its growth projection for developing Asia due to the effects of the novel coronavirus, or covid-19 pandemic. In the Asian Development Outlook, released Friday, the
Continue reading »Dr. Sanjay Gupta Boggles At Georgia Governor’s ‘Inexcusable’ Coronavirus Ignorance
Dr. Sanjay Gupta harshly criticized Georgia Gov. Brian Kemp (R) on Thursday after Kemp defended his delayed response to the coronavirus pandemic by claiming he’d just learned that the virus
Continue reading »White House To Advise Americans To Wear Face Masks Due To Coronavirus
WASHINGTON (AP) — The Trump administration is formalizing new guidance to recommend that many, if not almost all, Americans wear face coverings when leaving home, in an effort to slow
Continue reading »Trump’s Labor Department Takes A Hacksaw To Coronavirus Paid Sick Leave
What started out as a valiant effort to provide Americans with paid sick leave during an unprecedented health care crisis has ended with a paltry measure that will barely cover
Continue reading »Hostplus, Rest slash valuations of unlisted assets
The $54 billion superannuation fund representing the hospitality and tourism industries has slashed the valuations of unlisted investments on its books which represent up to 30 per cent of member
Continue reading »Wayfair Continuation Pattern Intact After Downgrade
Wayfair Inc. (W) shares rose more than 4% during Thursday's session despite Loop Capital downgrading the stock to Sell with a price target of $35 per share. Loop Capital analyst
Continue reading »Legal Sex Workers And Others In Adult Industry Denied Coronavirus Aid
When Congress passed the massive $2 trillion bailout bill last week, it made sure that self-employed people or other independent workers could apply for loans or grants from the Small
Continue reading »130K inquiries, 1K loans: why UK government had to tweak help for small firms
What was wrong with the government’s first version of its emergency loan package for small businesses? The problem is vividly illustrated by this statistic: only 983 companies have had loans
Continue reading »U.S. Retail Furloughs Poised to Exceed 1 Million From Shutdown
Retailers have furloughed nearly 1 million workers this week amid an unprecedented shutdown of shopping in America, according to data compiled by Bloomberg. Neiman Marcus Group to Ross Stores Inc.
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