Amid coronavirus concerns, Chase Bank to temporarily close 1,000 branches, reduce hours

Amid coronavirus concerns, Chase Bank to temporarily close 1,000 branches, reduce hours

J.P. Morgan Chase is “temporarily” closing 1,000 bank branches, or 20% of its locations, effective Thursday amid growing coronavirus concerns. Chase has sent bank staff from the branches, like financial advisors, tellers and lenders, to work from home. The remaining 4,000 branches of Chase will stay open, albeit with reduced hours, 9:30 a.m. – 4 …

IMF’s Georgieva: COVID-19 is unprecedented situation

IMF’s Georgieva: COVID-19 is unprecedented situation

The COVID-19 pandemic is an “unprecedented situation where a global health pandemic has turned into an economic and financial crisis,” International Monetary Fund Managing Director Kristalina Georgieva stated on Friday. She added the global economic output will contract this year amid the coronavirus pandemic Georgieva also noted that the IMF will come up with more …

Trump: Delay of stimulus would be dangerous and costly

Trump: Delay of stimulus would be dangerous and costly

President Trump on Friday blasted Rep. Thomas Massie (R-Ky.) as a “grandstander” and called for him to be jettisoned from the Republican Party amid growing anticipation the lawmaker would object to the $2 trillion coronavirus relief package poised to be voted on by the House. “Looks like a third rate Grandstander named @RepThomasMassie, a Congressman …

US jobless claims surge to record 3.3M amid COVID-19 pandemic

US jobless claims surge to record 3.3M amid COVID-19 pandemic

An unprecedented number of Americans applied for unemployment benefits last week as the coronavirus shuttered businesses nationwide. m,Roughly 3.3 million people filed a claim for jobless aid in the week ending March 21, a nearly fivefold increase over the previous weekly record back in 1982. By way of comparison, in the worst single week after …

Can The U.S. Convince Saudi Arabia To End The Oil War?

Can The U.S. Convince Saudi Arabia To End The Oil War?

US Secretary of State Michael Pompeo is applying verbal pressure to Saudi Arabia, encouraging the Middle Eastern country who started the oil price war to “rise to the occasion” and reassure the oil markets, the State Department has said, according to the Arab News. Pompeo spoke to Saudi Arabia’s Crown Prince Mohammed bin Salman (MbS) …

House to vote on $2T stimulus bill on Friday

House to vote on $2T stimulus bill on Friday

House Majority Leader Stany Hoyer announced late on Wednesday the COVID-19 funding bill worth $2.2 trillion will be considered by the lower house on Friday. Additionally, he informed Congress members under coronavirus quarantine measures and others unable to make the vote, they needn’t come as the bill is expected to pass the House of Representatives …

US Senate approves $2T COVID-19 stimulus bill

US Senate approves $2T COVID-19 stimulus bill

United States Senate has passed the $2 trillion coronavirus relief bill 96-0 late on Wednesday in an effort to negate the effects of the coronavirus crisis. The legislation, almost 900 pages long, includes direct payments to American citizens, enhanced unemployment insurance, affordable loans to businesses affected by the outbreak and significantly increased health care resources …

Three senators insist COVID-19 bill is fixed fast

Three senators insist COVID-19 bill is fixed fast

Three Republican members of the United States Senate issued a statement on Wednesday saying a “massive drafting error” in the current version of the $2 trillion COVID-19 emergency relief bill needs to be fixed before adoption to save jobs. South Carolina senators, Tim Scott and Lindsey Graham (pictured), and Nebraska Senator Ben Sasse wrote: “Unless …