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The Daily Chase: Canada sheds 212,800 jobs in January; Robinhood lifts curbs


The Daily Chase: Canada sheds 212,800 jobs in January; Robinhood lifts curbs
Canada’s economy has a brutal start to the year, as we learned this morning that 212,800 jobs were wiped out last month. It’s the worst showing for the labour market since March and April when a combined 3 million positions were eliminated. No surprise, that the services industry was hardest hit in January, with almost 168,000 lost jobs in the wholesale and retail industry sectors alone. This is what COVID-19’s impact looks like right now. We’ll have in-depth analysis throughout the day. Meanwhile, over the U.S., non-farm payrolls rose by just 49,000. ....

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The Daily Chase: Job losses expected to have slowed down; Robinhood lifts curbs


The Daily Chase: Canada sheds 212,800 jobs in January; Robinhood lifts curbs
Canada’s economy has a brutal start to the year, as we learned this morning that 212,800 jobs were wiped out last month. It’s the worst showing for the labour market since March and April when a combined 3 million positions were eliminated. No surprise, that the services industry was hardest hit in January, with almost 168,000 lost jobs in the wholesale and retail industry sectors alone. This is what COVID-19’s impact looks like right now. We’ll have in-depth analysis throughout the day. Meanwhile, over the U.S., non-farm payrolls rose by just 49,000. ....

United States , White House , District Of Columbia , Mark Barrenechea , Jared Bernstein , Justin Trudeau , Glenn Murphy , Tom Randall , Heather Reisman , William Lynch , Shoppers Drug Mart , Response Team , Council Of Economic Advisers , Texas Intermediate , Life Fitness , Large Employer Emergency Financing Facility , Peloton President William Lynch , Prime Minister Justin Trudeau , American Rescue , Economic Advisers , ஒன்றுபட்டது மாநிலங்களில் , வெள்ளை வீடு , மாவட்டம் ஆஃப் கொலம்பியா , ஜாரெட் பெர்ன்ஸ்டீன் , ஜஸ்டின் திருடேௌஉ , க்ளென் மர்பி ,

Peloton Shares Soar After Company Announces $420 Million Deal for Fitness Equipment Maker Precor


Its stock jumped more than 8% in after-hours trading.
Demand for Peloton s exercise equipment has surged during the coronavirus pandemic, straining its supply chain, as consumers look to work out at home during the pandemic.
As part of the deal, Peloton will acquire Precor s factories in Whitsett, North Carolina, and Woodinville, Washington, which combined have more than 625,000 square feet of manufacturing space. The deal also boosts Peloton s product development efforts, by adding nearly 100 research-and-development employees to its existing staff.
The deal is expected to close in early 2021. Once it is completed, Precor will operate as a business unit within Peloton, the company said. ....

United States , North Carolina , Rob Barker , William Lynch , Precor President Rob Barker , Peloton Commercial , Peloton President William Lynch , Supply Chain , ஒன்றுபட்டது மாநிலங்களில் , வடக்கு கரோலினா , கொள்ளை பர்கர் , வில்லியம் லிஞ்ச் , பெலடாந் வணிகரீதியானது , பெலடாந் ப்ரெஸிடெஂட் வில்லியம் லிஞ்ச் , விநியோகி சங்கிலி ,