Markets
Trump Supports Another, Larger Stimulus Impact Payment
Trump has denounced the $600 per week unemployment federal add-on that has disincentivized workers in the CARES Act, saying the next stimulus package should create a "great incentive to work". "You'd make more money if you don't go to work - that's not what the country is all about", Trump said in excerpts from the interview. "And they wanted to make it too complicated", Trump said in response. [Full Article...]
Volkswagen Tiguan SUV gets a facelift, hybrid and R performance versions added
To start, the Tiguan gets new styling in front and back - you're looking at photos of the short wheelbase Euro-spec auto, so just imagine this, but longer. The interior changes bring the Tiguan in line with Volkswagen's newer models, with the latest version of the firm's infotainment system and larger touchscreens available. [Full Article...]
Oil rises on manufacturing data, United States inventories
Commercial crude oil inventories in the United States decreased by 7.2 million barrels in the week ending June 26th, the Energy Information Administration (EIA) announced on Wednesday. OPEC produced an average of 22.62 million barrels per day (bpd) in June, a Reuters' survey found, down 1.92 million bpd from May's revised figure. [Full Article...]
Facelifted Audi Q5 revealed with mild hybrid engine
Audi has revealed details about the mid-life refresh for its Q5 SUV , with a sharp new look and upgraded cabin the main talking points as well as the introduction of plug-in hybrid variants after launch. It has ten times more computing power than the old system and has an improved navigation system as well. Thanks to the revised, bigger bumpers, the 2021 Q5 is 19mm longer than the outgoing mod... [Full Article...]
PPP small business COVID-19 relief loan application ends at midnight
Struggling small businesses in ME are quickly running out of time to apply for a forgivable loan through the federal Paycheck Protection Program . The Small Business Administration is expected to release a data set showing which businesses received taxpayer-funded Paycheck Protection Program loans on Thursday, an administration source said. [Full Article...]
Oil prices slip on demand worries, prospect of Libyan supply return
Brent crude dropped 66 cents, or 1.6%, to $40.36 a barrel by 1150 GMT while USA crude was at $37.86, down 63 cents, or 1.6%. Tens of millions of barrels of crude and oil products stored on tankers at sea are being sold, shipping sources say. [Full Article...]
Alabama Department of Labor Announces Unemployment Benefits Extension Plan
Maine's unemployment system and a federal program for those ineligible for state assistance provide 26 weeks of payments to people who are out of work. Daryle Dudzinski, deputy commissioner at the state Department of Labor, says the week ending July 25 is the last week that unemployment benefits would include an extra $600 from the federal government. [Full Article...]
Macy's swings to Q1 loss; not expecting another full COVID-19 shutdown
Additionally, it reported a net loss of $11.53 per share, compared with a profit of 44 cents a year ago. Revenue was reported at $3.03 billion, better than $3.01 billion expected from analysts. Macy's share price trades around 3% higher in NY, extending weekly gains to over 17%. "While we continue to see challenges ahead, we've taken the necessary actions to stabilize our business and give us ... [Full Article...]