Nearly half of Americans whose families experienced a layoff during the coronavirus pandemic now believe those jobs are lost forever, a new poll shows, as temporary cutbacks give way to shuttered businesses, bankruptcies and lasting payroll cuts. It’s a sharp change after initial optimism the jobs would return. In April, 78% of those in households
Southwest airline planes sit on the tarmac at Fort Lauderdale–Hollywood International Airport on February 20, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Southwest Airlines said Thursday it lost $915 million in the second quarter compared with $741 million in net income a year earlier and warned travel demand will likely remain depressed until
With the 2020 U.S. presidential election looming, crypto exchange Poloniex has added a way to bet on the outcome. “TRUMPWIN and TRUMPLOSE are the first new assets to join our Innovation Zone today,” Poloniex said in a recent statement. Assets valued according to election results The Poloniex listing comes several months prior to the November
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USD/CAD pair is posting modest daily gains on Friday. US Dollar Index continues to push lower below 95.00 ahead of US data. Crude oil rebounds modestly following Thursday’s sharp drop. The USD/CAD pair dropped to its lowest level since June 10th at 1.3349 on Thursday but closed the day flat above 1.3400 as falling crude
US 5-year yields fall to a record low of 0.255% Meanwhile, 10-year yields are seen lower by 2 bps to 0.558% and that is weighing across yen pairs as the bond market is looking to make waves towards the end of the week. As warned earlier, this is one spot to watch ahead of the
Forex news from the European trading session – 24 July 2020 Headlines: Markets: JPY leads, AUD lags on the day European equities lower; E-minis down 0.3% US 10-year yields up 0.8 bps to 0.586% Gold up 0.4% to $1,894.03 WTI up 0.8% to $41.41 Bitcoin down 0.5% to $9,545 The session began with a more
New Delhi: Gold prices in the national capital continued to hit new highs, rising by Rs 475 to Rs 51,946 per 10 gram on Friday, on the back of gains in the international prices of the precious metal and a rupee depreciation, according to HDFC Securities. In the previous trade, it had closed at Rs
The financial markets are generally in risk-off mode in Asia, following the selloff in US overnight. Worries over a double dip recession increased after initial jobless claims unexpectedly rose for the first time in nearly four months. Selloff was most serious in NASDAQ,, which closed down -2.29% just after making another record high earlier this
The number of Americans who filed for unemployment benefits rose more than expected last week as the coronavirus pandemic continues to batter the U.S. economy. The Labor Department said Thursday initial jobless claims increased by 1.416 million for the week ending July 18. Economists polled by Dow Jones expected initial claims to rise by 1.3
Pedestrians walk outside an E*Trade Financial office in New York, U.S. Daniel Acker | Bloomberg | Getty Images E-Trade’s trading activity and new accounts surged in the second quarter amid a boom in retail investing that started during the coronavirus market turmoil. The broker — slated to be acquired by Morgan Stanley in the second half
Opera, a popular web browser, continues to expand its cryptocurrency integration by extending crypto wallet top ups to the United Kingdom. After introducing the service to the United States and some European countries earlier this year, Opera now provides crypto purchases in the U.K. through a partnership with crypto processor Ramp. Direct to the source
USD/CAD fails to extend U-turn from 1.3351 beyond 1.3417. Bullish MACD raises fears of the channel break and attack to 200-HMA. An eight-day-old falling trend line adds to the upside barrier. June low becomes the key support holding gates for 1.3200. USD/CAD seesaws near 1.3400 during the early Friday’s Asian session. The loonie pair bounced
Investors to sell the FAANG stocks The US stocks are ending the day sharply lower and risk on flows dominate. The FAANG +M+T (that is Microsoft and Tesla) fell sharply. The final numbers are showing: S&P, fell -40.36 points or -1.23% at 3235.66 NASDAQ index fell -244.7 points or -2.29% at 10461.42 Dow industrial average fell -353.51 points or
Reuters info on the Recruitment & Employment Confederation’s measure of employers’ confidence in hiring and investing rose to a net level of +4 in the first half of July up from -9 in June “Even at times like these, there are always opportunities out there for jobseekers,” REC chief executive Neil Carberry said. “But businesses
NEW YORK: Oil were mostly steady on Thursday as rising US fuel inventories and concerns about the impact of surging coronavirus cases on energy demand offset a weaker dollar, which is usually supportive. Brent futures fell 8 cents, or 0.2%, to $44.21 a barrel by 11:57 a.m. EDT (1557 GMT), while US West Texas Intermediate