Economy News

Economic recovery stronger than expected, need to be watchful of demand sustainability post festivals: RBI Governor — Economic recovery stronger than expected, need to be watchful of demand sustainability post festivals: RBI Governor
26 Nov 2020, 14:13

US corporate profits jumped a record $495 billion in the 3rd quarter as the economy reopened — US corporate profits jumped a record $495 billion in the 3rd quarter as the economy reopened
26 Nov 2020, 02:30 by Ben Winck

The K-shaped recovery just keeps getting more K-shaped — better for those at the top and worse at the bottom — The K-shaped recovery just keeps getting more K-shaped — better for those at the top and worse at the bottom
25 Nov 2020, 23:35 by Juliana Kaplan

US weekly jobless claims rise to 778,000, more than economist forecasts as labor-market recovery weakens — US weekly jobless claims rise to 778,000, more than economist forecasts as labor-market recovery weakens
25 Nov 2020, 21:05 by Ben Winck

IBM reportedly plans to cut around 10,000 jobs in Europe, with staff in the UK and Germany the worst hit — IBM reportedly plans to cut around 10,000 jobs in Europe, with staff in the UK and Germany the worst hit
25 Nov 2020, 20:04 by Grace Dean

Tulsa, Oklahoma, is paying remote workers $10,000 to move there for a year — Tulsa, Oklahoma, is paying remote workers $10,000 to move there for a year
25 Nov 2020, 20:00 by Grace Dean

Almost half a trillion dollars — first report of its kind calculates the true global cost of wealthy and corporate tax avoidance — Almost half a trillion dollars — first report of its kind calculates the true global cost of wealthy and corporate tax avoidance
24 Nov 2020, 20:51 by Dominic-Madori Davis

The US economy will shrink in the 1st quarter of 2021 as winter weather spurs virus resurgence, JPMorgan says — The US economy will shrink in the 1st quarter of 2021 as winter weather spurs virus resurgence, JPMorgan says
24 Nov 2020, 00:07 by Ben Winck

Goldman Sachs slashes US growth forecasts as spiking coronavirus cases drive economic slowdown — Goldman Sachs slashes US growth forecasts as spiking coronavirus cases drive economic slowdown
23 Nov 2020, 23:36 by Ben Winck

The 25 most expensive ZIP codes in America in 2020 — The 25 most expensive ZIP codes in America in 2020
23 Nov 2020, 16:57 by Taylor Borden

Nobel-winning economist Paul Krugman says Biden won't engage in Trump-style boasting — and his team will be unlike the 'quacks and hacks' in the incumbent administration — Nobel-winning economist Paul Krugman says Biden won't engage in Trump-style boasting — and his team will be unlike the 'quacks and hacks' in the incumbent administration
23 Nov 2020, 15:21 by Shalini Nagarajan

The Fed and the Treasury are butting heads over more emergency relief at a time when spiking virus cases make cooperation more important than ever — The Fed and the Treasury are butting heads over more emergency relief at a time when spiking virus cases make cooperation more important than ever
20 Nov 2020, 21:59 by Ben Winck

UK retail sales roared higher in October, as consumers stocked up ahead of national lockdowns — UK retail sales roared higher in October, as consumers stocked up ahead of national lockdowns
20 Nov 2020, 15:51 by Caterina Dassie

A Biden stimulus plan will spur US economic growth of 4.6% in 2021, Ned Davis Research says — A Biden stimulus plan will spur US economic growth of 4.6% in 2021, Ned Davis Research says
20 Nov 2020, 03:08 by Matthew Fox

Congress must pass new stimulus now to fend off another virus-driven economic slowdown, says one Fed president — Congress must pass new stimulus now to fend off another virus-driven economic slowdown, says one Fed president
20 Nov 2020, 02:36 by Ben Winck

4 jarring signals that show the US economic recovery is weakening — 4 jarring signals that show the US economic recovery is weakening
19 Nov 2020, 22:21 by Ben Winck

US weekly jobless claims rise to 742,000, more than economist forecasts as labor-market rebound falters — US weekly jobless claims rise to 742,000, more than economist forecasts as labor-market rebound falters
19 Nov 2020, 21:00 by Ben Winck

5 driving forces behind the millennial-boomer generational wealth gap — 5 driving forces behind the millennial-boomer generational wealth gap
19 Nov 2020, 00:59 by Hillary Hoffower

US Chapter 11 bankruptcies surged to a decade-high in the 3rd quarter as stimulus dried up — US Chapter 11 bankruptcies surged to a decade-high in the 3rd quarter as stimulus dried up
19 Nov 2020, 00:24 by Ben Winck

The Post Office says 300,000 New Yorkers have fled the city — for places like the Hamptons and even Honolulu — The Post Office says 300,000 New Yorkers have fled the city — for places like the Hamptons and even Honolulu
18 Nov 2020, 19:26 by Taylor Borden

'Got a long way to go': Fed Chair Jerome Powell says it's too soon to say how much vaccines will lift the economy — 'Got a long way to go': Fed Chair Jerome Powell says it's too soon to say how much vaccines will lift the economy
18 Nov 2020, 03:11 by Ben Winck

Nearly 300 companies that got up to $500 million in US government stimulus aid have filed for bankruptcy. They employed 23,000 people, a WSJ analysis found. — Nearly 300 companies that got up to $500 million in US government stimulus aid have filed for bankruptcy. They employed 23,000 people, a WSJ analysis found.
17 Nov 2020, 23:22 by Kate Duffy

US retail sales rose less than expected in October as the economic recovery slowed — US retail sales rose less than expected in October as the economic recovery slowed
17 Nov 2020, 19:52 by Ben Winck

A ton of industries are selling things Gen Z doesn't care about, like alcohol, razorblades, and even cars — A ton of industries are selling things Gen Z doesn't care about, like alcohol, razorblades, and even cars
17 Nov 2020, 19:21 by Dominic-Madori Davis

Europe's pandemic debt burden is large but sustainable, the ECB's chief economist says — Europe's pandemic debt burden is large but sustainable, the ECB's chief economist says
17 Nov 2020, 15:56 by Amanda Cooper

Section 144 imposed in Lucknow, Kanpur, Ghaziabad, Greater Noida, Meerut and Agra

The urgency triggered by COVID vaccine is a great opportunity for India to build all the cold storage it has needed for a long time

Indian Navy's MiG-29K fighter aircraft crashes over Arabian sea — one pilot recovered, search underway for the other

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