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UK’s four nations agree to relax Covid restrictions for Christmas

5 years ago

The four nations of the United Kingdom have agreed to relax Covid-19 restrictions for Christmas to allow up to three households to meet at home for five days.
England, Scotland, Wales and Northern Ireland have taken differing approaches to handling the pandemic so far but the leaders of the devolved nations settled on a common approach on Tuesday for the festive period.
A national lockdown in England is due to end next week after which different parts of the country will face varying restrictions as part of a tiered system announced by Prime Minister Boris Johnson.

The ‘black hole’ of unemployment benefits: Six months into the pandemic, some are still waiting for aid

5 years ago

The coronavirus-fueled recession has stressed states’ ability to pay timely unemployment benefits, resulting in financial hardship for many families.
Sam Fornasiero, Brett Lawrence and Sam Thornton waited months.
They’re among thousands. Nearly 400,000 people who received their first benefit payment in July had waited at least 70 days, according to Labor Department data.

Sudden, new coronavirus cluster in Beijing points to the growth challenges ahead for China

5 years ago

The reemergence of coronavirus cases in China’s capital city of Beijing over the weekend adds further uncertainty for businesses and consumers, who may be less willing to spend as a result.
“The resurgent panic will slow the pace of other cities’ reopening, hurt consumer confidence and drive up unemployment even further,“ says Dan Wang, analyst at The Economist Intelligence Unit (EIU).

United bets on sun-seekers with new Florida flights

5 years ago

United is making a bet on vacationers looking for winter getaways in Florida.
Business travel remains weak because of the coronavirus pandemic so the airline is betting on vacationers.
The expansion is the largest addition of nonhub flying for the carrier, a departure from its network model.

Bullish options traders bet on big payout when Visa reports earnings

5 years ago

The busiest week of earnings season rolls on when Visa reports after the bell Tuesday, and options traders are betting on a big payoff when the payment giant’s results cross the wire.

The Dow component’s shares are up nearly 6% on the year thanks to a 35% bounce off the March lows, paving the way for what traders believe will be an earnings report that surprises to the upside.

Dow futures pop more than 400 points as stocks look to extend gains after Monday’s big comeback

5 years ago

Futures contracts tied to the major U.S. stock indexes rose Monday evening as investors looked to extend Wall Street’s gains from Monday’s dramatic comeback.

Dow Jones Industrial Average futures rose 448 points, suggesting an open gain of nearly 495 points when regular trading resumes on Tuesday. S&P 500 and Nasdaq-100 futures also implied a positive Tuesday start for the two indexes.

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