Markets

State schools closed for remainder of 2019-20 school year

State schools closed for remainder of 2019-20 school year Lt. Gov. Will Ainsworth is calling for Alabama schools to be closed for the remainder of the year as the state battles the spread of the coronavirus. "We had hoped.to be able to welcome students back into the classroom, however the virus continues to spread", she said. [Full Article...]

Ford Motor Co promises to build ventilators, Cuomo says start now

Employees will have 20% of their cash compensation deferred starting April 1, GM said Thursday. The company said in a prepared statement Friday, March 27, that the cuts will affect all GM salaried employees worldwide - approximately 69,000 individuals. [Full Article...]

Coronavirus Related Deaths in New York Jump 100 in One Day

Coronavirus Related Deaths in New York Jump 100 in One Day As the Mayor, a big basketball fan himself, explained, shooting hoops with one or two people with whom you live under the same roof is fine, but any other type of game is not okay. Let's take out a tape measure! The mayor says if it continues he will shut all courts down. Since then it has closed bars and cafes entirely. A state-run news agency even released what it claimed was video from a drone ... [Full Article...]

British Prime Minister Boris Johnson tests positive for COVID-19

British Prime Minister Boris Johnson tests positive for COVID-19 He said: "I want to offer a special thank you to everyone who has volunteered to help the NHS". Johnson, whose partner Carrie Symonds is pregnant, was last seen outside No. An incredible 405,000 people have signed up for the NHS volunteer responders scheme. Johnson said of the volunteers: "They will be driving medicines from pharmacies to patients, bring patients home from hospital [and] very ... [Full Article...]

US Senate passes $2 trillion coronavirus aid bill

US Senate passes $2 trillion coronavirus aid bill It would then be signed into law by the president. Included in the stimulus are a $500 billion bailout fund for industries, one-time direct payments to citizens for up to $1,2oo per adult and $500 per child, as well as other funding set aside to help small businesses ($300 billion), local and state governments ($150 billion), and hospitals ($130 billion). [Full Article...]

RBI allows banks to put EMIs on hold for three months

RBI allows banks to put EMIs on hold for three months This is going to be a huge relief for all EMI payers, especially for those - such as the self-employed - whose income had become uncertain in the wake of the lockdown. Das urged those with deposits in private banks to not indulge in panic withdrawal. He implored Indians not to worry about their bank deposits. The RBI had been on hold since December after five rate cuts in 2019. [Full Article...]

Million People Filed For Unemployment Benefits Last Week - The Most in History

Million People Filed For Unemployment Benefits Last Week - The Most in History Jobless claims in NY rose an unprecedented 520% last week, the first week in which claims were impacted by the coronavirus pandemic. Revenue has collapsed at restaurants, hotels, movie theaters, gyms and airlines. The week prior, 4,016 had filed jobless claims, marking an increase of 36,492 claims in a single week. The New Mexico Department of Workforce Solutions is encouraging New Mexico ... [Full Article...]

Virgin Australia airline further cuts down domestic capacity

Virgin Australia airline further cuts down domestic capacity It follows an earlier announcement that it had suspended global flying and closed all Virgin Australia lounges. The airline group, which is already suspending all worldwide routes, is taking further measures and cutting most of its domestic flights as well. [Full Article...]


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