Pandemic Financial News
01.11 / 17:49
01.11 / 17:19
Target
economy
Fallout
pandemic
2020
U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market
Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong in the face of higher interest rates
01.11 / 17:19
01.11 / 15:33
Manufacturing
Humana
Healthcare
Bill
pandemic
performer
reports
Costs
2024
fall
CVS tempers 2024 profit forecast on elevated medical costs, shares fall
By Leroy Leo and Mariam Sunny
01.11 / 13:35
Manufacturing
Fighting
economy
pandemic
show
country
information
fall
Beware a Chinese Fall Stall
In July, when worries about China’s economic recovery were first beginning to percolate more widely, analysts fixated on a curious bit of language from the Politburo: the recovery was developing in a winding, “wave-like" manner. Nearly half a year later, that characterization is looking more and more apt. After a better third quarter, the first two key reads on China’s economy in October both landed with an audible thud.
01.11 / 13:01
01.11 / 13:01
Reuters
Platform
economy
Yellow
pandemic
show
classical
Gold: Back to $1,800s if US Yields Don’t Back Off?
Gold longs are having their best year since the pandemic. In seven of the past 10 months, futures of the yellow metal have peaked above the cherished $2,000-an-ounce mark. Even the spot price of bullion, which holds itself to a more rigorous standard, has attained $2,000 glory four times, last in October, after an earlier three-month run between March and May.
01.11 / 13:01
01.11 / 10:13
economy
pandemic
President
country
2020
shock
The Economy Is Great. Why Are Americans in Such a Rotten Mood?
Last week we learned that the economy, far from sliding toward recession as economists had predicted over the past year, has actually picked up steam thanks to indefatigable consumers. Not only has economic output made up all the ground lost during the pandemic but it is above where it would have been had the pandemic never happened, judging by what the Congressional Budget Office projected in early 2020. The same goes for the job market.
01.11 / 10:13
Waves
economy
pandemic
President
show
2020
Department
UAW Deal Shows Unions Are Winning. How Long Will It Last?
The United Auto Workers’ tentative deals with Detroit automakers mark the latest union victory in a year of multiplying strikes and sizable gains in a robust labor market. The agreements could embolden other unions to take aggressive approaches to contract negotiations and fuel more strikes in coming months—as long as the economy stays strong.
01.11 / 07:56
Target
Progressive
economy
pandemic
Powell likely to underscore inflation concerns even as Fed leaves key rate unchanged
For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking...
01.11 / 07:55
Target
Progressive
economy
pandemic
show
2020
prevention
Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors
01.11 / 07:55
Citi
Apple
Exodus
pandemic
country
2020
Beijing's crackdown fails to dim Hong Kong's luster, as talent scheme lures mainland Chinese
The exodus of tens of thousands of professionals from Hong Kong, triggered by Beijing’s crackdown on its civil liberties, is being offset by new arrivals: mainland Chinese keen to move to the former British colony
01.11 / 07:55
Manufacturing
economy
BURST
pandemic
show
reports
Chinese factory activity contracts in October as pandemic recovery falters
An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing
01.11 / 07:55
Art
Tesla
pandemic
President
show
cover
reports
Costs
Auto strike settlements will raise costs for Detroit's Big 3. Will they be able to raise prices?
From generous pay and benefits to stronger job security, the United Auto Workers union won significant concessions in tentative settlements that have ended their strikes against Detroit’s automakers
01.11 / 05:01
pandemic
No more 25pc pay increases for lawyers as market turns
The era of 25 per cent increases in pay, sign-on bonuses and junior lawyers playing firms off against each other is over, as flatter revenues and a softer labour market turn the balance back in favour of employers.
01.11 / 02:03
Citi
pandemic
country
2020
reports
MCA greenlights direct foreign listing for select unlisted companies
reported that the union government is planning to allow Indian companies to list overseas directly. Speaking at an event in Mumbai, the finance minister Nirmala Sitharaman said the government has decided to allow companies to list at the International Financial Services Center (IFSC) GIFT City to start with before expanding this to other countries.
01.11 / 01:43
pandemic
President
reports
strain
US President Joe Biden to meet Chinese counterpart Xi Jinping in November: White House
Biden will meet Chinese counterpart Xi Jinping in San Francisco in November, White House press secretary Karine Jean-Pierre announced on Tuesday (local time). She said that Biden looks forward to the meeting. While addressing a press briefing on Tuesday (local time), Karine Jean-Pierre said, «We've been talking about the President, who said he was looking forward to meeting with President Xi.
01.11 / 00:59
Citi
Waters
Platform
Entertainment
Metro
pandemic
open
For restaurateurs, it's an open and spurt case: Record number of new eateries, watering holes coming up
new restaurants, pubs, bars and cloud kitchens will be opening their doors this quarter across metropolitan cities as well as tier II-III towns for the New Year. Restaurateurs told ET they are looking to capitalise on the highest demand they are seeing since the pandemic. MMG Group, master franchisee for burgers-and-fries chain McDonald's in the north and east, plans almost as many new QSRs in the current quarter alone as in all of the previous year. «We will be opening 18 outlets in this quarter across New Delhi, Kolkata, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and the Delhi-Mumbai Expressway (area),» said Sanjeev Agarwal, chairman of MMG Group and McDonald's India North and East.
31.10 / 20:17
Provident
awards
pandemic
performer
guidelines
Courts
Howard Levitt: Courts lift cap on severance, creating a looming litigation free-for-all
By Howard Levitt and Stephen Gillman
31.10 / 16:57
awards
Healthcare
pandemic
reports
Financial
Health of rural development institutions fragile; lack financial viability: N K Singh
Finance Commission Chairman N K Singh on Tuesday said the health of rural development institutions, like panchayati raj, remain fragile with financial viability eluding them. Speaking at the '2nd Rohini Nayyar award for outstanding contribution to rural development by an individual 40 years or under', Singh said the ability of the institutions for projectisation and viability of technical assistance for project preparation remains mired in technical incompetence.
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