Economic Indicators19 hours ago (Mar 19, 2020 07:15PM ET) By Kate Duguid NEW YORK (Reuters) – The cost for companies to borrow short-term loans increased again on Thursday, suggesting investors remained skeptical that the Federal Reserve’s facility announced on Tuesday would significantly improve liquidity in the commercial paper market. The […]
Morocco to pay jobless, defer tax and loans for small business
Economic Indicators8 hours ago (Mar 19, 2020 05:25PM ET) RABAT (Reuters) – Morocco will pay a stipend to people who lose their jobs and defer tax and debt payments from small businesses to help ease economic pain related to the coronavirus, it said on Thursday. Morocco has confirmed 61 cases […]
Amazon Sellers ‘Hijack’ Listings to Sell Face Masks Despite New Rules
The 148th most popular book on Amazon Wednesday wasn’t actually a book at all: It was a package of 50 disposable face masks–the kind that shoppers have scrambled to buy amid the coronavirus pandemic. Surging demand for masks, as well as supplies like hand sanitizer and disinfectant wipes, has emptied […]
U.S. jobless claims could top record 1.5 million next week: economists
Economic Indicators9 hours ago (Mar 19, 2020 04:10PM ET) By Lucia Mutikani WASHINGTON (Reuters) – A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a halt, could drive new applications for U.S. unemployment benefits to a […]
The Doctor Who Helped Defeat Smallpox Explains What’s Coming
I have a very good retrospect-oscope, but what’s needed right now as a prospecto-scope. If this were a tennis match, I would say advantage virus right now. But there’s really good news from South Korea–they had less than 100 cases today. China had more cases imported than it had from […]
An Old Malaria Drug May Fight Covid-19–and Silicon Valley’s Into It
The chatter about a promising drug to fight Covid-19 started, as chatter often does (but science does not), on Twitter. A blockchain investor named James Todaro tweeted that an 85-year-old malaria drug called chloroquine was a potential treatment and preventative against the disease caused by the new coronavirus. Todaro linked […]
Echoing recession fears, gold’s value rockets versus silver, copper
Economic Indicators11 hours ago (Mar 19, 2020 02:20PM ET) LONDON (Reuters) – Gold’s relative value to copper has surged to its highest in more than a decade and its worth versus silver is the highest on record as the spread of coronavirus hammers metals with industrial applications. The rapid change […]
Rich nations pump aid into battered economy as coronavirus deaths in Italy overtake China
11/11 (C) Reuters. A guard outside the Royal Palace wears a protective mask as precaution against the coronavirus outbreak in Phnom Penh, Cambodia 2/11 By Guy Faulconbridge and James Mackenzie LONDON/MILAN (Reuters) – The world’s richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned […]
How Does the Coronavirus Spread? Should I Order Takeout? Your Covid-19 Questions, Answered
Create a space dedicated to work, outside of the bedroom and away from the couch, if you can. Put on some clothes you wouldn’t be totally embarrassed to enter the office in, and keep the TV off until you’re done for the day. It’s hard to believe, but when you […]
U.S. current account deficit tightens sharply in fourth quarter
Economic Indicators13 hours ago (Mar 19, 2020 12:10PM ET) WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the fourth quarter as the Trump’s administration’s trade war with China led to the biggest reduction in the goods import bill since 2009. The Commerce Department said on Thursday the […]