February 21, 2020 – Washington DC, United States, North America - In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis. The SARS epidemic in 2003, they noted, had come and gone with little economic impact. Weeks later, that parallel has failed. As global finance officials gather in Riyadh, Saudi Arabia, for the latest Group of 20 summit, they will do so having intensified both their level of concern and the breadth of their detective work to understand the economic implications of the outbreak. They are now tracking coal use and local travel in China for any independent evidence the world's second largest economy is returning to normal. In Japan officials are warily eyeing empty streets in the Ginza shopping district, while in the U.S., Fed officials are quizzing their local business contacts blindsided by vulnerabilities in their supply chains.
February 21, 2020 – United States, North America - Oystermen in Florida's Apalachicola Bay face a dying way of life: Their catch has plummeted in recent years and they blame some of their woes on Georgia's increasing use of riverwater they need to keep the bay a brackish place where oysters can thrive.Their future may be determined by the U.S. Supreme Court, which is expected to rule later this year on a seven-year-long legal battle between Florida and Georgia. "It's like dumping sacks of rocks every day, but I don't know how to do anything else," said fourth-generation oysterman Michael Dasher, as he worked his trade on the water.
February 21, 2020 – Washington DC, United States, North America - A bipartisan group of U.S. lawmakers are inching closer to introducing legislation in the coming weeks that could hurt technology companies like Facebook and Google's ability to offer end-to-end encryption by threatening them with legal liability, according to two sources with knowledge of the matter.
February 20, 2020 – Toronto, Canada, North America - Canada added 25,900 jobs in January, the seventh straight month of gains, led by hiring in the trade, transportation and utilities and construction sectors, according to a report from payroll services provider ADP released on Thursday.
February 20, 2020 – Toronto, Canada, North America - Canadian home prices rose modestly in January, paced by gains for the Eastern Canadian metropolitan areas of Hamilton and Montreal, the Teranet-National Bank Composite House Price Index showed on Thursday.
February 20, 2020 – United States, North America - The outcome of the Democratic caucus in Nevada could turn on the Latino vote, with Latinos accounting for 28% of the state’s population. Latino entrepreneurs have come to Nevada for opportunity, and are wary of both hardline immigration policies and politicians embracing the label of “socialist,” which for many has unique resonance.
February 18, 2020 – United States, North America - The world's largest brick-and-mortar retailer is expected to post another quarter of same-store sales gain, boosted by strength in its e-commerce and grocery business, even as it faces tough competition from Amazon.com that has hurt rivals. Investors will watch out for details on how Walmart's china suppliers would be impacted by the coronavirus outbreak.
February 18, 2020 – United States, North America - New York jurors today will begin deliberating the fate of former Hollywood producer Harvey Weinstein, who is on trial for rape in a case that has become a milestone for the #MeToo movement.
February 18, 2020 – San Francisco, United States, North America - Facebook's tax trial is set to begin in a San Francisco court on Wednesday (moved from Monday), as the IRS tries to convince a judge the company owes more than $9 billion in taxes linked to its 2008 decision to shift profits to Ireland.
February 18, 2020 – Houston, United States, North America - A search for what led to the discharge of $57 million in crude oil claimed by U.S. refiner Citgo Petroleum but unloaded over the weekend at a Venezuela port has begun. The buyer of the oil, which was stranded at sea for a year due to U.S. sanctions is likely to face legal claims if Citgo can discover where it goes.