Business

Business Fogo de Chão To Receive $20 Million In Small Business Loan
Author: 0 Fogo de Chão To Receive $20 Million In Small Business Loan

Martha McSally, R-Ariz, recently tweeted. The Brazilian steakhouse chain Fogo de Chão is one of many large companies approved for small business loans through the Paycheck Protection Program earlier this month. Small-business owners in all 50 states are eligible for $10,000 advances on the loans as part of the COVID-19 relief package enacted last month. "Many of these companies are stuck in limbo waiting for this additional funding".

Business Bloodbath in U.S. oil market
Author: 0 Bloodbath in U.S. oil market

Rising fears over fuel storage facilities being overwhelmed by the excessive supply are compounding to oil's woes and offered investors another reason to attack the already battered commodity, Otunuga said . Louis. Brent crude futures for June slumped 29% to $18.20 a barrel. Contracts WTI with delivery in June sold on the exchange at 21.8 Dollars per barrel.

Author: 0 Gilead gains on report claiming COVID-19 drug effectiveness

COVID-19 patients, who are being administered an experimental drug called remdesivir, have been recovering quickly, with most going home in days or a few weeks. "When we start [the] drug, we see fever curves falling", Mullane reportedly said. Gilead is set to release more fulsome clinical data later this month.

Business Stimulus Checks for Up to $4,700 Begin Arriving in Bank Accounts
Author: 0 Stimulus Checks for Up to $4,700 Begin Arriving in Bank Accounts

Some people didn't know if they'd earn a stimulus check as a non-filer, but the IRS confirms they're eligible through the "Non-Filers Enter Payment Info Here' portal that debuted on Friday". But if you opted for a check from the IRS, you will get your bailout payment by check. By this strategy, the IRS is set to mail out 5 million checks a week, The Washington Post reports.

Business OPEC+ formulates a two-year oil cut deal to be implemented gradually
Author: 0 OPEC+ formulates a two-year oil cut deal to be implemented gradually

Kremlin spokesman Dmitry Peskov said action involving others was "unavoidable", even though he acknowledged US law barred American producers from joining any price cartel. Kremlin spokesman Dmitry Peskov said Thursday that Russian Federation was advocating for a global move that not only includes Opec and Russian Federation, which had coordinated production cuts for four years until they fell out spectacularly this year, but also the United States.

Business Saudi Arabia-Russia oil talks delayed
Author: 0 Saudi Arabia-Russia oil talks delayed

The members of OPEC and their allied oil producers are scheduled to meet Thursday to discuss output cuts. Production will average 11.76 million barrels a day in 2020, down from an expected 12.99 million, the Energy Information Administration said on Tuesday.

Business Amazon's 'Prime Day' may be delayed until August
Author: 0 Amazon's 'Prime Day' may be delayed until August

Sales from the 2019 Prime Day event held in mid-July were higher than sales during 2018's Black Friday and Cyber Monday combined. A postponement would also negatively impact Amazon third-party sellers, who participate in Prime Day sales.

Business Futures rise after selloff, weekly jobless number awaited
Author: 0 Futures rise after selloff, weekly jobless number awaited

European markets were down after losses in most of Asia. Now, markets are waiting to see when the number of new coronavirus infections peaks. FILE PHOTO: A dealer wears a face masks on the ground of the New York Inventory Alternate (NYSE) following merchants testing constructive for Coronavirus illness (COVID-19), in New York, U.S., March 19, 2020.

Business Oil’s apocalyptic April could reverberate for years to come
Author: 0 Oil’s apocalyptic April could reverberate for years to come

West Texas Intermediate crude (WTI) at Midland, the United States' flagship crude oil grade priced in the heart of the Permian Basin, fell to about $10 a barrel, its lowest since late 1998, as demand plummeted and tanks filled. Saudi Arabia is now declaring to raise production to a record 12.3 million barrels per day. This would in turn cause an oil shortage, pushing prices above the Wall Street bank's $55 a barrel target for 2021, it said.

Business The Sunday Edition: President Donald Trump Tweetstorm
Author: 0 The Sunday Edition: President Donald Trump Tweetstorm

President Trump may be dealing with the novel coronavirus pandemic, but he apparently still has time to boast about one of his favorite topics - television ratings. "I like this stuff I really get it. People are surprised that I understand it", then it cuts to a clip of the POTUS saying "No, I don't take responsibility at all".

Business Trump encourages cruise lines that want stimulus money to register in US
Author: 0 Trump encourages cruise lines that want stimulus money to register in US

With respect to the package's $500 billion fund allocated for major employers, the bill states that to be eligible for financial aid, companies must be certified as "created or organized in the United States or under the laws of the United States" and have "significant operations in" and a majority of employees based in the U.S.

Business This calculator tells you how big your coronavirus check could be
Author: 0 This calculator tells you how big your coronavirus check could be

The size of the rebate check for eligible individuals filing individually will be $1,200 per person or $2,400 for those filing a joint return plus an amount equal to $500 per child. Those receiving nontaxable income or Social Security get payments, too. What tax year will my check amount be based on? I know for a fact that some state income tax systems do not use E-Verify in this way, and have never been able to get a straight answer from IRS on his question.

Business France coronavirus death toll jumps 240 to 1100
Author: 0 France coronavirus death toll jumps 240 to 1100

The French government, however, has no plans to implement a curfew to enforce the country's strict lockdown measures aimed at fighting the coronavirus outbreak. He also said the chloroquine malaria drug would not be marketed for mass use against coronavirus until further testing was done. "It (the lockdown) will last as long as it needs to", he added.

Business Crude oil futures fall almost 9% in afternoon trade
Author: 0 Crude oil futures fall almost 9% in afternoon trade

The demand destruction from the coronavirus know as COVID-19 comes as the oil market contends with the unexpected price war that erupted between producers Russian Federation and Saudi Arabia, effectively ending an OPEC+ alliance and flooding the market with barrels.

Business Trump allows borrowers to suspend student loan payments for two months
Author: 0 Trump allows borrowers to suspend student loan payments for two months

Although most states have moved to computer-based testing, this announcement is a recognition of the reality that schools are shut down and education has been interrupted for most students nationwide . The relief will be in effect for at least 60 days, according to the department and began on March 13, 2020. The tests, which typically occur in the spring, cover the students' understanding of common core subjects, including English and math.

Business Stocks nosedive on Wall Street
Author: 0 Stocks nosedive on Wall Street

The S&P 500 lost 324.89 points, or 11.98%, to 2,386.13 and the Nasdaq Composite dropped 970.28 points, or 12.32%, to 6,904.59. Goldman Sachs strategists in a note to clients on Sunday warned that the S&P 500 could fall to 2,000 points by the middle of the year, a 41 percent drop from record highs a month ago.

Business US to fill strategic oil reserve ‘to the top,’ Trump says
Author: 0 US to fill strategic oil reserve ‘to the top,’ Trump says

The news was quickly followed by reports about Saudi Arabia's plans to triple its oil shipments to Europe at massive discounts, in a move that risks crushing prices once again. After taking instructions from President Vladimir Putin, Novak walked out on the Saudi initiative in Vienna. The renewed oil price slump has hit countries revenues.

Business Google orders staff to work at home due to Coronavirus
Author: 0 Google orders staff to work at home due to Coronavirus

Google had previously told employees in the San Francisco Bay Area , Dublin and Seattle to work from home in recent days. The Mountain View, California-based tech giant is "recommending" workers stay out of their offices until at least April 10, according to an internal memo seen by Bloomberg .

Business Angola: Oil production grows to 1.39 mln barrels/day in February-OPEC
Author: 0 Angola: Oil production grows to 1.39 mln barrels/day in February-OPEC

The global benchmark was trading at USD34.07 for each barrel at 0550 GMT for a 4.8 percent drop, after it ended Wednesday at USD35.79 a barrel with a decrease of 3.7 percent. The six-month Brent (NYSEARCA: BNO ) contango spread from May to November widened to as low as $6.40/bbl, a level not seen since February 2015. Eleven non-OPEC oil-producing countries, led by Russian Federation, have agreed to extend an agreement struck in 2016 with OPEC on reducing oil production by 1.2 million ...

Business Trump says no need for him to get coronavirus test
Author: 0 Trump says no need for him to get coronavirus test

President Trump called Sean Hannity's show and told people who become infected with COVID-19/coronavirus to go to work. Twenty six people have now died in the United States after contracting Covid-19. Newsweek reached out to USA health officials to ask if they concur with the president's comments, but has yet to receive a response. In addition to payroll tax relief, Trump has said he wants help for hourly-wage workers to ensure they're "not going to miss a paycheque" and "don't get ...

Business Fight in NSW supermarket over toilet paper
Author: 0 Fight in NSW supermarket over toilet paper

Supermarket chains have started rationing sales of toilet paper and assured customers there is no shortage. A 49-year-old woman also involved spoke to police but was not charged, the station said, describing her as the victim but saying she was not injured.

Business Coronavirus Confirmed In South Africa
Author: 0 Coronavirus Confirmed In South Africa

Health and Child Care Minister Dr Obadiah Moyo yesterday said following the confirmation of South Africa's first case, Zimbabwe would also intensify efforts but hoped South African authorities would be able to track down all those who had been in contact with the infected person.

Business Oil plunges 10% after Opec deal collapses
Author: 0 Oil plunges 10% after Opec deal collapses

Following the collapse in oil prices this year as the economic impact of the coronavirus saps demand, the risks for the Friday meeting between OPEC and Russian Federation are high. The International Energy Agency (IEA) also cut its 2020 oil demand growth forecast by 365,000 b/d to 825,000 b/d, the lowest since 2011. In December, they announced a further 500,000 barrel cut with OPEC kingpin Saudi Arabia adding a "voluntary" contribution of 400,000 barrels.

Business Dow ends up 5.1% as U.S. stocks bounce back after rout
Author: 0 Dow ends up 5.1% as U.S. stocks bounce back after rout

On the flip side, bond prices have been soaring as investors seek safety, pushing yields to record lows. Asian stock markets were mostly higher Wednesday after Wall Street sank despite an emergency US interest cut aimed at defusing fears a virus outbreak might depress global economic activity.

Business Amazon Employee In Seattle Confirmed To Have Contracted Coronavirus
Author: 0 Amazon Employee In Seattle Confirmed To Have Contracted Coronavirus

LADbible has reached out to Amazon for comment. Fellow Amazon employees who came into contact with their infected co-worker were notified. "We're supporting the affected employee who is in quarantine", Amazon said in a statement. Community spread of COVID-19 in Washington led to the first USA death from the illness, according to the Centers for Disease Control and Prevention .

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