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The Fed's Loretta Mester says to expect 'some really bad economic numbers' before things get better Cleveland Fed President Loretta Mester told CNBC that the unemployment rate due to the coronavirus will be between 10% and 30%. "How things play out really is going to depend on the course of the virus," she said. Mester was the sole central bank official ...
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EXCLUSIVE -US aims to lease space in emergency oil stockpile, after buying plan canceled -sources (Adds comments, background throughout). By Laila Kearney and Timothy Gardner. NEW YORK/WASHINGTON, March 31 (Reuters) - The Trump administration plans to lease out space for energy companies to store oil in the nation's Strategic Petroleum ...
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Japan's Business Mood Hits Seven-Year Low as Virus Revives Deflation Specter TOKYO — Japan's business confidence soured to levels not seen since 2013, a closely watched survey showed, as the coronavirus pandemic hit sectors from hotels to carmakers and pushed the economy closer to recession. The worsening corporate morale ...
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Booze Buying Surges; Senators Push Airlines for Cash Refunds The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Tuesday related to the global economy, the work place and the spread of the virus. ______. INDUSTRY: Less than a week ...
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UPDATE 1-From bartering to begging for relief, struggling Americans confront April rent (Adds quotes from California woman, details on Maryland restaurant's sale of coronavirus-themed shirts). By Joseph Ax and Daniel Trotta. NEW YORK, March 31 (Reuters) - New York hair stylist Vanessa Karim has not worked since March 21, when the state ...
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Relevance Of Equal Pay Day In The Midst Of COVID-19 Women's history month kicked off on March 8 and everything has been changing at lightening speed ever since. We are closing out the month with Equal Pay Day on March 31 and we've reached an egregiously high number of positive test cases of the virus ...
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Macy's to leave the S&P 500 index S&P Dow Jones Indices said late Tuesday retailer Macy's Inc. M, -8.56% will join the S&P SmallCap 600 and Otis Worldwide Corp. and Carrier Global Corp. will join the S&P 500. As the merger between United Technologies Corp. and Raytheon Co. is ...
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NYC paramedic says coronavirus patients brought to hospitals 'to die' City paramedic Megan Pfeiffer is on the front lines of the coronavirus pandemic in New York — and said the situation has surpassed anything she could have imagined. "It's like battlefield triage right now," she told The Post of the increasingly grim outlook.
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'This is a call to action': Flat Rock Assembly Plant will be used to build respirators for COVID-19 patients DETROIT – Ford Motor Co. is partnering with General Electric to make 50,000 ventilators within the next 100 days to help with the fight against coronavirus (COVID-19) in Michigan. The automaker will leverage the design of Airon Corp.'s FDA-cleared ...
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Kroger announces 'hero bonus' for hourly frontline associates CINCINNATI – Kroger announced a "hero bonus" for all hourly frontline associates. The bonus is for hourly grocery, supply chain, manufacturing, pharmacy and call center associates. The bonus is a $2 premium above their base rate of pay. It will be applied ...
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Do I have more time to fund an IRA now that the federal tax deadline was extended? In normal times, savers have until the April 15 tax filing deadline to invest money in an IRA for the previous year. For example, as you prepare to file your 2019 tax return, you have until the tax filing deadline to fund your IRA. But because of coronavirus, the ...
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18 west Alabama businesses getting funds for coronavirus relief Organizers of a relief fund for small businesses affected by the COVID-19 outbreak say it has awarded more than $60,000 to 18 businesses this week. Organizers of the Small Business Relief Fund, a partnership between the Chamber of Commerce of West ...
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China's Huawei warns more US pressure may spur retaliation BEIJING — Huawei's chairman warned Tuesday that more U.S. moves to increase pressure on the Chinese tech giant might trigger retaliation by Beijing that could damage its worldwide industry. Continue Reading Below. Huawei Technologies Ltd., which ...
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Four more area Hobby Lobby stores were shut down as nonessential businesses Tuesday, but one remains open A customer arrives at Hobby Lobby in Brookfield on March 31. The business had a sign on its door that said it was an essential business and had been open. The store has since shut down to comply with Gov. Tony Evers' order. (Photo: Angela Peterson ...
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Pryor Cashman furloughs associates as pandemic halts M&A, trial work Pryor Cashman, a midsize law firm based in New York, has furloughed some associates indefinitely as the coronavirus pandemic dries up deal and trial work, its managing partner Ronald Shechtman said on Tuesday. Shechtman declined to say how many ...
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Food Security Fears Starting to Threaten Rice Exports in Asia Panic buying at supermarkets and hoarding have raised fears over food supplies, and governments for their part are acutely aware that keeping everyone fed at affordable prices is crucial for political stability. Russia, Kazakhstan and Ukraine have already ...
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Madison Square Garden board approves sports and entertainment spinoff amid COVID-19 pandemic The Madison Square Garden Co. MSG, -6.21% said late Tuesday that its board of directors had approved the spinoff of its sports and entertainment businesses. Madison Square Garden stock gained 1.7% during the extended session. The company said it ...
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3 working at Lansing Correctional Facility test positive for COVID-19 TOPEKA, Kan. (KWCH) The Kansas Department of Corrections confirms three staff members working at Lansing Correctional Facility (in Leavenworth County in northeast Kansas) tested positive for COVID-19. "These are the first positive cases within a KDOC ...
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FLS announces furloughs for employees Employees of the The Free Lance–Star and other newspapers owned by its parent company, Lee Enterprises Inc., will be required to take two weeks of unpaid leave between now and the end of June. Davenport, Iowa-based Lee Enterprises told employees ...
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Hong Kong retail sales plunge record 44% in February HONG KONG: Hong Kong's shops and businesses buckled under the full force of the coronavirus outbreak in February as retail sales plummeted by the most on record amid growing travel restrictions and social-distancing measures. Retail sales by value fell ...
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WIC to provide services only over the phone starting April 1 OMAHA, Neb. (WOWT) -- The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) has announced some possible changes in the program due to COVID-19. Starting April 1, WIC will be offering program benefits only through the ...
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