Amazon raises overtime pay for United States warehouse workers

The world's largest online retailer is increasing hourly workers' wages in the United States by 15% to meet the growing demand from consumers stranded at home. It has also staggered workers shifts and prohibited them from sitting next to each oth... More..

by | Published 15 days ago
Gas Price Drops to 99 Cents, Sells out at Kentucky Station
by | Monday, March 23, 2020

Gas Price Drops to 99 Cents, Sells out at Kentucky Station

But what about the low gas prices - like, real low? One commenter on the GasBuddy listing stated the gas station is known for its cheap prices. Due to the lack of demand, two of the biggest oil-producin...More..

Coronavirus: UK interest rates slashed again in emergency move
by | Sunday, March 22, 2020

Coronavirus: UK interest rates slashed again in emergency move

Repayment interest rates remain unchanged. The cut to 0.1 per cent, the lowest ever in the 320 year history of England's central bank, came just days after the rate was cut by half a per cent to 0.25 per cent...More..

Hundreds of USA flights canceled after air traffic coronavirus cases
by | Sunday, March 22, 2020

Hundreds of USA flights canceled after air traffic coronavirus cases

Kennedy International Airport - have been stopped effective immediately, according to the Federal Aviation Administration . The halt was lifted after about 30 minutes. "This information is preliminary and su...More..

Russia Won’t Blink First In The Oil Price War
by | Sunday, March 22, 2020

Russia Won’t Blink First In The Oil Price War

Oil prices have lost more than half their value in the past two weeks as Saudi Arabia and Russian Federation kicked off a price war and the coronavirus pandemic destroyed demand . A senior State Department o...More..

Asia stocks dive as ECB bazooka fails to ease fears
by | Sunday, March 22, 2020

Asia stocks dive as ECB bazooka fails to ease fears

Soon after the European Central Bank announcement, French President Emmanuel Macron called for more fiscal action from leaders. "Extraordinary times require extraordinary action", ECB President Christine La...More..

Virus Outbreak: Governments offer financial help to airlines, at a price
by | Sunday, March 22, 2020

Virus Outbreak: Governments offer financial help to airlines, at a price

Following further government restrictions for travel into New Caledonia and French Polynesia, Air New Zealand is suspending its Noumea and Tahiti routes until 30 June. Air New Zealand recently brought forwar...More..

Dow plunges into bear market as selling accelerates
by | Saturday, March 21, 2020

Dow plunges into bear market as selling accelerates

ET, the Dow Jones Industrial Average was down 1,424.47 points, or 5.51%, at 24,440.31, while the S&P 500 was down 160.27 points, or 5.39%, at 2,812.10. A plunge in crude prices has wiped out profits for energ...More..

Jet2 planes flip-flop due to flight restrictions on coronavirus
by | Saturday, March 21, 2020

Jet2 planes flip-flop due to flight restrictions on coronavirus

With further precautions being taken across the globe, stay tuned to the LBC News live blog below for all the latest on the pandemic . They added: "This is a fast-moving and complex situation and the safety a...More..

Dow drops more than 900 points, ending worst week since 2008
by | Saturday, March 21, 2020

Dow drops more than 900 points, ending worst week since 2008

Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq , a 1.55-to-1 ratio favoured decliners. Investors are weighing the likelihood that the global economy is entering a r...More..

Chancellor announces new financial measures to help businesses and consumers
by | Saturday, March 21, 2020

Chancellor announces new financial measures to help businesses and consumers

The government expects the first job-retention grants to be payed before the end of April. No business will pay Value-Added Tax from now to mid June and will have until the end of the financial year to repay ...More..

by | Saturday, March 21, 2020

Wall Street notches worst weekly decline since 2008

As trading on Wall Street finished for the week, the Dow Jones Industrial Average sat at just over 19,000 points, down 4.6 percent from a day earlier, after a week in which the gains of the Trump administra...More..

US Company Announces First COVID-19 Home Testing Kits, Available Mar. 23
by | Saturday, March 21, 2020

US Company Announces First COVID-19 Home Testing Kits, Available Mar. 23

Now, an at-home test kit is set to be released on Monday from Everlywell . USA testing was initially limited to a test provided by the Centers for Disease Control and conducted at state and local public health...More..

Trump allows borrowers to suspend student loan payments for two months
by | Friday, March 20, 2020

Trump allows borrowers to suspend student loan payments for two months

However, schools can and are encouraged to offer supplemental learning opportunities to students using distance learning methods as they see fit. "It's been all standardized testing, and we're not going to be e...More..

Trump scotches G7 meeting amid coronavirus threat
by | Friday, March 20, 2020

Trump scotches G7 meeting amid coronavirus threat

Sherpa for the 2020 G7 Larry Kudlow has informed his Sherpa colleagues that the G7 Leaders' Summit the U.S. was set to host in June at Camp David will now be done by video-teleconference", Mr. Hahn declined to ...More..

Chloroquine, an old anti-malarial drug, takes the coronavirus spotlight
by | Friday, March 20, 2020

Chloroquine, an old anti-malarial drug, takes the coronavirus spotlight

The FDA has yet to approve chloroquine for prescription to treat or prevent COVID-19, but Trump has been pressuring officials at the agency to speed up that process. Fox said that University of Utah's 12 reta...More..

UK to pay workers' wages as economy shuts down due to coronavirus
by | Friday, March 20, 2020

UK to pay workers' wages as economy shuts down due to coronavirus

Pat McFadden urged ministers to bring forward a financial package to help people left without an income due to social distancing measures. The government is also deferring the next quarter of Value-Added Tax ...More..

Walmart to hire 150000 workers as virus spreads in US
by | Friday, March 20, 2020

Walmart to hire 150000 workers as virus spreads in US

The company says some of its stores will limit quantities of products that shoppers can buy to ensure there are more items available for more customers. Walmart says the positions will be temporary at first, b...More..

GameStop tells employees it's 'essential' and can stay open during lockdowns
by | Friday, March 20, 2020

GameStop tells employees it's 'essential' and can stay open during lockdowns

American retailer GameStop has apparently told its staff that is "essential retail" amid the USA government issuing orders for stores to close. "We have received reports of local authorities visiting stores...More..

Republican Plan: $1,200 payment per person, $2,400 per couple
by | Friday, March 20, 2020

Republican Plan: $1,200 payment per person, $2,400 per couple

Cramer said he was uneasy about the initial White House request for direct payments, but that he would bet it is included in a $1 trillion plus package expected out Thursday. "No one is alleging a moral haz...More..

Financial markets dip after Dow closes below 20K
by | Friday, March 20, 2020

Financial markets dip after Dow closes below 20K

Another weak manufacturing report, this time in the mid-Atlantic region, added to the worries. Investors were encouraged after seeing more steps by the Federal Reserve and other central banks and governments ...More..

Oil Prices Rise But Stay Below $30
by | Friday, March 20, 2020

Oil Prices Rise But Stay Below $30

Futures for the worldwide benchmark, Brent crude, were down more than one percent, trading at around $28 per barrel as of 7:37am GMT. "With each day there seems to be yet another trapdoor lying beneath oil...More..

Canadian banks move to help customers, allow deferral of mortgage payments
by | Friday, March 20, 2020

Canadian banks move to help customers, allow deferral of mortgage payments

Scotiabank also said that they will be gradually closing branches and reducing hours. Canada's six largest banks announced plans yesterday to provide financial relief to Canadians impacted by the economic co...More..

Tucker Carlson torches Sen. Burr for dumping stocks ahead of coronavirus outbreak
by | Friday, March 20, 2020

Tucker Carlson torches Sen. Burr for dumping stocks ahead of coronavirus outbreak

The outlet pointed out that because of Burr's position, he would have access to classified information about "threats to America's security" - including the growing threat of COVID-19. Kelly Loeffler of Georgi...More..

European Central Bank to print 1 trillion euro this year to stem coronavirus rout
by | Friday, March 20, 2020

European Central Bank to print 1 trillion euro this year to stem coronavirus rout

Mario Draghi, the bank's president at the time, said the institution would "do whatever it takes " to preserve the euro. Purchases under this new Pandemic Emergency Purchase Program (PEPP) will be conducted ...More..

Coronavirus can stay in air for hours, new study shows
by | Thursday, March 19, 2020

Coronavirus can stay in air for hours, new study shows

The analysis of public data for genomic sequencing of SARS-CoV-2 and related viruses does not reveal evidence that the virus was artificially produced in a laboratory or otherwise developed. The study's title, ...More..

Trump works to steady nation over coronavirus pandemic
by | Thursday, March 19, 2020

Trump works to steady nation over coronavirus pandemic

You should be ashamed of yourself. He defended his repeated use of the phrase as a comeback to the Chinese Foreign Ministry spokesperson's comments about the probable USA soldier's involvement in the spread o...More..

Marriott Plans Massive Layoffs as Hotel Industry Reels from Coronavirus Outbreak
by | Thursday, March 19, 2020

Marriott Plans Massive Layoffs as Hotel Industry Reels from Coronavirus Outbreak

A spokeswoman for the company, which employs roughly 130,000 associates across its managed hotels, said the workers would keep health benefits for now. The hotel giant announced last week it started closing its...More..

Amazon worker at NY warehouse tests positive for coronavirus
by | Thursday, March 19, 2020

Amazon worker at NY warehouse tests positive for coronavirus

According to BuzzFeed , US Amazon workers were already anxious about their risk of catching the virus at work, after warehouse workers in Europe tested positive. With a huge number of people in the US now work...More..

Bank of England cuts United Kingdom interest rates again
by | Thursday, March 19, 2020

Bank of England cuts United Kingdom interest rates again

The 0.25-percent cut for the discount rate ended a string of 14 quarterly meetings which made a decision to leave interest rates unchanged, media reported. "Lower rates and additional quantitative easing can ...More..

Detroit automakers to close all plants over coronavirus fears
by | Thursday, March 19, 2020

Detroit automakers to close all plants over coronavirus fears

The plants will be closed starting on March 23, and reopening on March 25. Detroit's three automakers alone will idle about 150,000 workers. At GM's pickup truck assembly plant in Flint, Michigan, workers h...More..

Federal Reserve Establishes Lending Facility To Back Up Money Market Mutual Funds
by | Thursday, March 19, 2020

Federal Reserve Establishes Lending Facility To Back Up Money Market Mutual Funds

The Federal Reserve late Wednesday said it was launching a program to support money market mutual funds as alarm over the coronavirus continues to cause strains in short-term funding markets. Some commenta...More..

Australia tells citizens to come home, not to travel overseas
by | Thursday, March 19, 2020

Australia tells citizens to come home, not to travel overseas

Fiji's biggest tourist source market, Australia has upgraded its worldwide travel advice to the highest level, with all citizens adviced not to travel overseas because of COVID-19. Australia by Wednesday had 45...More..

Australian Supermarkets Have Implemented Strict Limits on Everyday Items to Stop Hoarding
by | Thursday, March 19, 2020

Australian Supermarkets Have Implemented Strict Limits on Everyday Items to Stop Hoarding

At Coles , there's now a two-pack-per-person cap on eggs, sugar, both white chilled and UHT long-life milk (so flavoured milks are fine), frozen vegetables, frozen desserts, canned tomatoes, chilled pasta, all...More..

Hyundai reveals 2021 Elantra and Elantra hybrid
by | Thursday, March 19, 2020

Hyundai reveals 2021 Elantra and Elantra hybrid

The current generation is 6th, which arrived in overseas markets as the model year 2016 or 17, depending upon the region. Hyundai was on a mission to quickly come up with the replacement. There will be 64 color...More..