Gold Futures Settle Flat

Steve Ravitz, owner of five New Jersey ShopRite stores, dies of coronavirus

The owner of five ShopRite stores in New Jersey has died from the coronavirus, his family said on Wednesday.

Steve Ravitz, 73, battled the deadly bug for 13 days in the hospital, his son Jason wrote in a Facebook post in which he shared a photo of a makeshift memorial for his father outside of a ShopRite store in Cherry Hill, NJ.

“Under the current conditions, this is the best that we can do to collectively express our anguish and sorrow,” the younger Ravitz wrote.

Steve Ravitz, who had retired as president of the Ravitz Family Markets in 2019, started the family business in 1968 after working in his father’s grocery business in Philadelphia.

He also headed up the Ravitz Family Foundation, which funded programs for needy children in South New Jersey, including Camden.

Another son, David, appeared as a contestant in the 2018 season of ABC’s “Bachelor in Paradise.”

Ravitz had five children and seven grandchildren, according to the company’s Web site. He was a director of Cooper Hospital Foundation, the Jewish Federation of Southern New Jersey and Crescent Memorial Park.

Fed's Barkin: coronavirus blow to U.S. economy will be deep

WASHINGTON, April 8 (Reuters) – The economic downturn from the coronavirus outbreak in the United States will be deep and any recovery will depend on consumers being comfortable spending again, Richmond Federal Reserve Bank President Thomas Barkin said on Wednesday.

“How deep will this downturn be? How long will it last? How fast will we recover? The answer to the first question is now clear: it will be deep,” Barkin said in a post on the Richmond Fed’s website. (Reporting by Lindsay Dunsmuir; Editing by Chris Reese)

Coronavirus: Police hunt pair who ‘licked hands and wiped them on supermarket food’

Police are searching for two men who licked their hands in a supermarket and wiped them over meat, fresh food and fridge handles.

Officers say the pair who entered the Sainsbury’s store in Lancaster Road, Morecambe, at about 1.45pm on Saturday.

Inspector James Martin, of Lancashire Police, said the store was thoroughly disinfected after the incident and the food had to be destroyed.

Marking 10 years since Kyrgyzstan's violent power struggle

It has been a decade since Kyrgyzstan’s President Kurmanbek Bakiyev was overthrown in a power struggle and dozens died when protesters stormed the presidential palace.

It has been 10 years since Kyrgyzstan’s President Kurmanbek Bakiyev was overthrown in a power struggle.

Dozens died when protesters stormed the presidential palace.

Al Jazeera’s Robin Forestier-Walker was there and reflects on whether the revolution brought Kyrgyzstan the democracy it promised.

Coronavirus: Alberta Ghostbusters create medical equipment for health-care professionals

Alberta Ghostbusters are the ones to call if in need of medical equipment during the COVID-19 outbreak.

The group has been keeping busy during the pandemic, putting their prop-making abilities to use for a good cause.

3,075 coronavirus deaths forecast for Saskatchewan in low-range scenario: SHA

Modelling released by the Saskatchewan Health Authority (SHA) suggests 3,075 people could die in the province from the novel coronavirus in a low-range scenario.

It’s one of three scenarios the SHA released on Wednesday.

Queen City Pride Festival postponed to the end of September due to coronavirus pandemic

The Queen City Pride Festival is another event pushing back its date in response to the coronavirus pandemic.

Sleeping woman reportedly punched in the face in downtown Guelph

Guelph police say they are looking for a suspect after a woman was reportedly punched in the face as she slept on a bench in the city’s downtown on Tuesday.

According to police, the alleged attack happened at around 10:30 a.m. as the woman was woken up by a man punching her on the right side of her face.

Dow Jones CEO Will Lewis to step down: FT

LONDON (REUTERS) – The chief executive officer of News Corp owned Dow Jones, Will Lewis, is stepping down, according to a report by Financial Times on Wednesday (April 8), citing people familiar with the matter.

News Corp did not immediately respond to a Reuters request for comment.

Gold Futures Settle Flat

Gold futures settled flat on Wednesday, after seeing a choppy ride as investors weighed the effectiveness or otherwise of the various stimulus steps from the governments and central banks in curbing the economic impact of the coronavirus outbreak.

Investors were also awaiting the minutes of the Federal Reserve’s recent policy meeting for clues on further stimulus.

Gold prices moved higher early on in the session amid worries about the virus pandemic after new deaths rose to 743 in Spain and infections climbed by 5,400 after five straight days of declines.

Gold futures for June ended up $0.60, or about 0.04%, at $1,684.30 an ounce, despite rising to a high of $1,695.80 in mid-morning trades.

France became the fourth country to report a death toll of more than 10,000, and the 24-hour death toll from the virus surpassed 1,850 in the U.S., a record high for any country in a single day.

Investors were also worried about a deepening recession. According six leading research institutes, the German economy will shrink by nearly 10% in the second quarter as the coronavirus paralyses the country.

The Bank of France said the French economy has entered recession with an estimated 6% drop in the first quarter of this year compared to the previous three months.

Meanwhile, Eurozone finance ministers failed to agree on the region-wide stimulus measures following 16 hours of talks. The meeting is suspended until Thursday.