Gold struck a seven-year pinnacle above US$1,700 an ounce today as massive Fed stimulus floods markets with dollars, weakening the greenback and sending investors running to the precious metal, analysts said. Gold also found support as the Dow Jones Industrial Average fell by 464.75 points, or 1.96 percent to a 23,254.62 level as of 17:50 GMT. Reflecting appetite for bullion, holdings in SPDR ... [Full Article...]
OPEC had the same figure in its draft statement but removed it from the final version. The biggest oil cut ever is more than four times deeper than the previous record cut in 2008. Brouillette said the United States would offer support with a natural decline in its oil output driven by economic forces. "We commit to take all the necessary and immediate measures to ensure energy market stabilit... [Full Article...]
Residents are asked to stay at least six feet from crews and equipment. -Stay at least 20 feet away from a downed power line and be sure to keep children and pets away. As of 1:30 p.m., there were more than 8,000 people without power, according to the DTE Outage Map . Reports of downed wires can be made by calling 9-1-1 or Consumers Energy at 1-800-477-5050. [Full Article...]
Banks are starting to reel from the financial impact of job losses and business shutdowns across the country from the coronavirus. Provisions in the bank's wholesale unit skyrocketed by a factor of 17 from a year ago. That was somewhat offset by a strong quarter in the markets division, where stock market volatility increased demand for trading. As with other major banks, JPMorgan has offered so... [Full Article...]
The cheapest gas in the United States might be found in Salamanca, New York , with some drivers reporting prices as low as $0.62 per gallon. The AAA average price in OH was $1.46. The nation's top 10 largest weekly decreases are: Alaska (-19 cents), Idaho (-17 cents), Wisconsin (-13 cents), Iowa (-11 cents), South Dakota (-11 cents), Arkansas (-11 cents), Wyoming (-11 cents), Minnesota (-10 c... [Full Article...]
Across the country, agricultural and food production workers are deemed essential and are allowed to work, often in close quarters, regardless of local shelter-in-place orders. Heavy reached out to Cargill, Inc , for confirmation of those numbers and is awaiting a reply. Smithfield's pork processing facility is closing until further notice as more and more employees test positive for coronavi... [Full Article...]
The coronavirus pandemic has taken a huge toll on Arizona's dairy industry as the sudden closure of restaurants, schools and other businesses throughout the US has reduced the demand for dairy products, forcing farmers to dump millions of gallons of milk and cream. [Full Article...]
Titled "The Great Lockdown", the IMF's latest report card on the global economy described the coronavirus pandemic as a crisis "like no other" and predicted that world economic output will shrink by 3 percent this year, before experiencing a partial rebound next year. [Full Article...]
Gold struck a seven-year pinnacle above US$1,700 an ounce today as massive Fed stimulus floods markets with dollars, weakening the greenback and sending investors running to the precious metal, analysts said. Gold also found support as the Dow Jones Industrial Average fell by 464.75 points, or 1.96 percent to a 23,254.62 level as of 17:50 GMT. Reflecting appetite for bullion, holdings in SPDR ... [Full Article...]
OPEC had the same figure in its draft statement but removed it from the final version. The biggest oil cut ever is more than four times deeper than the previous record cut in 2008. Brouillette said the United States would offer support with a natural decline in its oil output driven by economic forces. "We commit to take all the necessary and immediate measures to ensure energy market stabilit... [Full Article...]
Residents are asked to stay at least six feet from crews and equipment. -Stay at least 20 feet away from a downed power line and be sure to keep children and pets away. As of 1:30 p.m., there were more than 8,000 people without power, according to the DTE Outage Map . Reports of downed wires can be made by calling 9-1-1 or Consumers Energy at 1-800-477-5050. [Full Article...]
Banks are starting to reel from the financial impact of job losses and business shutdowns across the country from the coronavirus. Provisions in the bank's wholesale unit skyrocketed by a factor of 17 from a year ago. That was somewhat offset by a strong quarter in the markets division, where stock market volatility increased demand for trading. As with other major banks, JPMorgan has offered so... [Full Article...]
The cheapest gas in the United States might be found in Salamanca, New York , with some drivers reporting prices as low as $0.62 per gallon. The AAA average price in OH was $1.46. The nation's top 10 largest weekly decreases are: Alaska (-19 cents), Idaho (-17 cents), Wisconsin (-13 cents), Iowa (-11 cents), South Dakota (-11 cents), Arkansas (-11 cents), Wyoming (-11 cents), Minnesota (-10 c... [Full Article...]
Across the country, agricultural and food production workers are deemed essential and are allowed to work, often in close quarters, regardless of local shelter-in-place orders. Heavy reached out to Cargill, Inc , for confirmation of those numbers and is awaiting a reply. Smithfield's pork processing facility is closing until further notice as more and more employees test positive for coronavi... [Full Article...]
The coronavirus pandemic has taken a huge toll on Arizona's dairy industry as the sudden closure of restaurants, schools and other businesses throughout the US has reduced the demand for dairy products, forcing farmers to dump millions of gallons of milk and cream. [Full Article...]
Titled "The Great Lockdown", the IMF's latest report card on the global economy described the coronavirus pandemic as a crisis "like no other" and predicted that world economic output will shrink by 3 percent this year, before experiencing a partial rebound next year. [Full Article...]