The U.S. Department of Labor’s unemployment insurance (UI) program provides cash benefits to eligible workers who become unemployed through no fault of their own. There are specific regulations about which unemployed workers qualify for this insurance. On March 27, 2020, President Trump signed into law a $2 trillion coronavirus emergency stimulus package called the Coronavirus Aid,
Fresh from being elected leader of Germany’s Christian Democrats, Armin Laschet faces the daunting task of uniting a party deeply divided between his own supporters and those of his defeated rival, the conservative Friedrich Merz. The result of Saturday’s election — 53 per cent for Mr Laschet and 47 per cent for Mr Merz —
The National Audit Office report is correct in accusing the UK Ministry of Defence of overambitious spending plans (Report, January 13). It’s a lesson the MoD should have learnt by now. There has been a habit of “entryism” for single service pet projects, putting an unrealistically low figure on the cost of major projects to
In 2019, General Motors Company (NYSE: GM) was the fifth-largest automaker in the world, behind Volkswagen AG (OTC: VWAGY), Toyota Motor Corp. (NYSE: TM), and Renault-Nissan-Mitsubishi. GM famously held the top spot in global auto sales for 77 consecutive years from 1931 to 2007. Following the 2007-2008 financial crisis, however, GM filed for bankruptcy protection. The company re-emerged following a
Brazil’s health regulator has given the green light to the Oxford/AstraZeneca and Chinese-made Sinovac coronavirus vaccines, paving the way for Latin America’s largest nation to begin an immunisation programme that has been marred by delays and political bickering. Following a marathon five-hour presentation broadcast live on Sunday, the board of watchdog Anvisa (the Agência Nacional
India has kicked off one of the world’s most ambitious inoculation drives in the midst of growing vaccine scepticism over the contentious approval of an indigenously developed jab. The first phase of the vaccination rollout targets 30m healthcare and frontline workers, with the goal of inoculating 300m people by July. London’s “black cab” drivers urged
Families spent $30,017, on average, to pay for college during the 2019-20 school year, according to a 2020 survey by Sallie Mae and market research company Ipsos. Almost half of that amount (47%) came from financial aid. From this data, two things are immediately clear—first, college is expensive, and second, paying for it generally requires
Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some pros are more optimistic about the fourth quarter earnings season, with Ignacio Cantos, investment director
Eurozone nations’ escalating restrictions to tackle the coronavirus pandemic have significantly slowed economic activity, fuelling fears that the bloc faces a double-dip recession, according to widely watched and timely alternative data indicators. Travel to retail and hospitality venues and workplaces, as well as consumer confidence and spending, have all taken a hit in the first
Amid its pandemic firefighting, the European Central Bank is ploughing on with a strategic review of its monetary policy framework. One previously neglected idea is coming into the discussion. Pablo Hernández de Cos, Spain’s central bank governor, suggests that the ECB could explore “yield curve control”, or the policy of directly setting long-term interest rates.
Key Takeaways EPS was $0.64 vs. the $0.58 analysts expected. Revenue fell short of analyst expectations. Loan loss provisions were lower than the level analysts estimated. The bank’s board of directors approved an increase in share buybacks. What Happened Wells Fargo reported its Q4 FY 2020 financial results, posting a rise in EPS that surpassed
Narendra Modi has kicked off one of the world’s most ambitious inoculation drives in the midst of growing vaccine scepticism over the contentious approval of an indigenously developed jab. The Indian prime minister launched the campaign with an emotional live address on Saturday, saying “the nation has been desperately waiting for this moment” and warned
Mention you’re going to Sikkim and questions of geography and ontology arise: where exactly is it? And what is it? While Sikkim is in India, it’s not of India. It thumbs into Tibet to the north, borders Bhutan to the east and Nepal to the west. Cultures, people and languages have bled into it for centuries:
Like so many industries, the financial advisor industry faced significant challenges in 2020. From virtual relationship management to working from home, advisors were forced to rethink the way they ran their practices and handled their client meetings. Despite these challenges, industry sentiment remains positive and growth continues to be a key theme. To find out
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products.
Armin Laschet, prime minister of the German state of North Rhine-Westphalia, has been elected leader of the governing Christian Democratic Union on a promise of continuity with the centrist course of Angela Merkel. Mr Laschet’s victory puts him in pole position to succeed Ms Merkel as chancellor of Europe’s most powerful economy after September elections
Benjamin de Rothschild, chairman of the holding company for the Franco-Swiss private bank and asset manager Edmond de Rothschild, has died of a heart attack at the age of 57, the group announced on Saturday. De Rothschild had already stepped back from the day-to-day running of the financial business he inherited from his father Edmond,
Warren Buffett bought more than $1 billion in Coca-Cola (KO) shares in 1988, an amount that was then equivalent to 6.2% of the company. The purchase made it the single largest position in Buffett’s Berkshire Hathaway’s portfolio at the time. It remains one of Berkshire Hathaway’s biggest holdings today. In a filing in November 2020,
BlackRock‘s Larry Fink told CNBC on Thursday that he believes the stock market has further room to run higher. However, the chairman and CEO of the world’s largest asset manager cautioned that the rally may not be as robust as it was in the second half of 2020. “I think we’re going to continue to see
As US state capitals brace for possible violence ahead of the presidential inauguration next week, Kathy Sheehan is leaving nothing to chance. Mayor of Albany, capital of New York state, for the past seven years, she has witnessed thousands of people protesting at the state house on every issue from gun rights to education funding.
Keeley Hawes, 44, was nominated for a Bafta for her performance in the BBC’s Line of Duty. Her other television appearances include roles in Bodyguard, Spooks and The Durrells What was your childhood or earliest ambition? To be a ballerina. Then I fell into acting and went to drama school — the Sylvia Young Theatre School. From
Correlation coefficients are indicators of the strength of the relationship between two different variables. A correlation coefficient that is greater than zero indicates a positive relationship between two variables. A value that is less than zero signifies a negative relationship between two variables. Finally, a value of zero indicates no relationship between the two variables
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank’s stock lower. Here’s how the numbers compared to Wall Street expectations: Earnings: 64 per share vs. Refinitiv estimate of 60
London’s “army of black cabs” has urged the government to use it to help roll out the UK’s coronavirus vaccination programme while supporting an industry devastated by the pandemic. The Licensed Taxi Drivers’ Association, which represents the capital’s taxi drivers, has offered to drive elderly and vulnerable patients to and from medical centres to help
The first thing I noticed about my quarantine room was the view. The hotel on Hong Kong island had upgraded me to a room with a vista of Victoria Harbour — the city’s sprawling blue port, one of the busiest in the world, lined by skyscrapers and dotted with cargo ships and soaring black kites.
Working for a hedge fund is one of the most appealing career paths for budding finance types. Hedge funds are much less regulated than other investment vehicles, like mutual funds; in fact, their style and inner workings tend to be a bit opaque. While they may be used to leverage or reduce risk, hedge funds
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup is scheduled to report fourth-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $1.34 a
Some 14km from Madrid lies one of Europe’s biggest shanty towns, where this week as many as 3,000 people endured the coldest temperatures since the second world war without heat or light. The inhabitants of sector six of the illegal settlement known as La Cañada Real Galiana have been without electricity since early October —
James Murdoch has castigated the US media for the “toxic politics” threatening American democracy, saying proprietors are as culpable as politicians who “know the truth but choose instead to propagate lies”. The remarks by Rupert Murdoch’s youngest son, made in an interview with the Financial Times and a further joint statement with his wife Kathryn,
“Just a few inches of water from a flood can cause tens of thousands of dollars in damage,” according to the National Flood Insurance Program. This fact sums up why mortgage lenders sometimes require borrowers to buy flood insurance. However, real estate agents and mortgage lenders often don’t tell customers about flood insurance requirements until