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US unemployment claims hit record 6.6 million

6 minutes ago   |   Belfast telegraph   |   10 articles

A record 6.6 million Americans applied for unemployment benefits last week as job losses rose sharply due to the coronavirus pandemic.
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'The deepest recession on record': Bank of America slashes forecasts, now sees up to 20 million jobs lost, 15.6% unemployment, and a shrinking economy for 3 straight quarters

'The deepest recession on record': Bank of America slashes forecasts, now sees up to 20 million jobs lost, 15.6% unemployment, and a shrinking economy for 3 straight quarters

8 minutes ago   |   Business Insider

Bank of America now expects that US gross domestic product will contract for three quarters, with a cumulative decline of 10.4%, according to a Thursday note. The bank also...
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Russia got some good PR by sending vital medical gear to the US, even as coronavirus cases at home doubled in last three days

Russia got some good PR by sending vital medical gear to the US, even as coronavirus cases at home doubled in last three days

24 minutes ago   |   Business Insider

Russia sent some medical supplies to the US to help fight coronavirus. Moscow called it a "humanitarian" gesture. The US State Department reminded everyone it was not an act of...
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US employment claims hit record 6.6 million as coronavirus devastates economy

36 minutes ago   |   The Independent   |   10 articles

US unemployment figures have once again shattered records, with 6.6 million Americans filing for benefits as the coronavirus pandemic brought society to a grinding halt in most...
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US unemployment claims soar to 6.6million

US unemployment claims soar to 6.6million

40 minutes ago   |   Daily Mail   |   10 articles

The number of Americans filing claims for unemployment benefits shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures.
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10 things you need to know before the opening bell

10 things you need to know before the opening bell

44 minutes ago   |   Business Insider   |   2 articles

Here's what you need to know before the markets open. 1. Oil surges after Trump says he expects Saudi Arabia and Russia to end their price war and reach a deal. Crude prices...
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'There's nothing about it that will feel right': Hospitals are gearing up to choose which patients to save if they run low on crucial equipment

'There's nothing about it that will feel right': Hospitals are gearing up to choose which patients to save if they run low on crucial equipment

44 minutes ago   |   Business Insider

Ethicists are working around the clock to draft guidance for hospitals about how to ration scarce resources like ventilators if they run short because of the...
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US jobless claims skyrocket to 6.6 million, marking a 2nd straight weekly record, as coronavirus layoffs persist

US jobless claims skyrocket to 6.6 million, marking a 2nd straight weekly record, as coronavirus layoffs persist

44 minutes ago   |   Business Insider   |   10 articles

US weekly jobless claims spiked to a second consecutive weekly record as coronavirus-induced layoffs persist across the entire country. 6.64 million Americans filed for...
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'We must use this time well': climate experts hopeful after Cop26 delay

50 minutes ago   |   The Guardian

Moving summit gives world time to respond to coronavirus and may allow a new US leader to join talks Green campaigners and climate leaders have vowed to keep up the pressure on...
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Dr Sanjay Gupta warns 200,000 US coronavirus deaths is an 'optimistic' prediction

Dr Sanjay Gupta warns 200,000 US coronavirus deaths is an 'optimistic' prediction

58 minutes ago   |   Daily Mail

Last Sunday, senior immunologist Anthony Fauci issued a cautious prediction that COVID-19 could claim 100,000 to 200,000 lives in America.
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Billionaire investor Bill Ackman posted an 11% gain in March after turning...

Billionaire investor Bill Ackman posted an 11% gain in March after turning $27 million into $2.6 billion with coronavirus bets

Bill Ackman's Pershing Square made an 11.1% net gain in March after betting that markets would tank due to the novel coronavirus. The billionaire investor's hedge fund spent... Read more ...

73 NHS workers at London's Great Ormond Street Hospital test positive for...

73 NHS workers at London's Great Ormond Street Hospital test positive for coronavirus

More than 70 workers at Great Ormond Street have tested positive for coronavirus, it has been revealed. A total of 318 are also said to self-isolating. Read more ...

Coronavirus: Price of cough medicine surges more than 10% in just a week

Coronavirus: Price of cough medicine surges more than 10% in just a week

The price of cough medicine has increased by more than 10 per cent in just one week while numerous other high demand products have also surged. Read more ...

Oil prices surge after Trump says he expects Saudi Arabia and Russia to end...

Oil prices surge after Trump says he expects Saudi Arabia and Russia to end their price war and reach a deal

Oil prices surged by about 10% on Thursday after U.S. President Donald Trump said he called on Saudi Arabia and Russia to reach a deal to end their price war and mitigate a... Read more ...

Ex-chief executive PZ Cussons stripped of retirement cash after...

Ex-chief executive PZ Cussons stripped of retirement cash after investigators find hidden payments 

The Manchester-based PZ Cussons found a series of payments over several years made by former CEO Alex Kanellis that did not live up to the standards expected of a chief executive. Read more ...

Biden 'doubts' DNC will be held in July and suggests remote ballots for...

Biden 'doubts' DNC will be held in July and suggests remote ballots for presidential

'I think it's going to have to move into August,' the former Vice President told Jimmy Fallon last night as the US coronavirus death toll soared to 5,139, with more than... Read more ...

Elon Musk's SpaceX bans Zoom over security and privacy concerns

Elon Musk's SpaceX bans Zoom over security and privacy concerns

Elon Musk's SpaceX has banned its staff from using Zoom amid security concerns, disabling all company access to Zoom with immediate effect. In a 48-hour period, reports... Read more ...

Banks should give £500 interest-free overdrafts credit card and loan payment...

Banks should give £500 interest-free overdrafts credit card and loan payment holidays says FCA

The UK Financial Conduct Authority is asking banks to offer anyone unable to repay their overdraft as a result of the virus outbreak £500 interest-free. Read more ...

Thief jailed for stealing face masks, paper suits and hand gel from...

Thief jailed for stealing face masks, paper suits and hand gel from ambulance during Covid-19 crisis

A man has been jailed for stealing personal protective equipment from an ambulance in the middle of the ongoing Covid-19 crisis. Masks, paper suits and hand gel were taken. Read more ...

Tekashi 6ix9ine will be released from prison TODAY over coronavirus fears 

Tekashi 6ix9ine will be released from prison TODAY over coronavirus fears 

Tekashi 6ix9ine will not be serving the rest of his prison sentence behind bars after requesting to be released to home to avoid contracting coronavirus because he is classed... Read more ...