Pandemic Financial News

16.08 / 00:19

Racing Adventure pandemic country Destinations Mongolia is in the tourism spotlight and making it easier to visit. Reindeer sledding, anyone?

With its reindeer sledding, camel racing and stunning landscapes with room to roam, Mongolia is hoping to woo visitors who are truly looking to get away from it all

15.08 / 21:42

UPS Citi pandemic students reports strain New Yorkers’ debt woes grow amid slide in real income

New Yorkers are having trouble keeping up with debt payments as their incomes get squeezed by one of the country’s highest inflation rates, according to a new study.

15.08 / 19:58

UPS Airlines economy Food pandemic travelers Here's the deflation breakdown for July 2024 — in one chart

Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years.

15.08 / 14:03

film pandemic trends Trade Experts Universities audience Filmmakers build on cinematic universes with prequels

Indian 3 will be a back story to the two released Kamal Haasan films, a prequel to Kannada hit Kantara is in the works. Jigarthanda DoubleX, a 2023 Tamil-language action drama, was a spiritual successor and prequel to Jigarthanda released in 2014. Trade experts say the trend tries to cash in on the formula of franchises that are a bigger draw after the pandemic than new and fresh stories.

15.08 / 07:51

COST Reuters economy pandemic show UK economy grows 0.6% in Q2 2024

Britain's economy grew 0.6% in the second quarter of 2024, official figures showed on Thursday. Economists polled by Reuters had forecast an expansion of 0.6%, building on a rapid 0.7% recovery in the first quarter of the year from a shallow recession in the second half of 2023. At the start of the month the Bank of England raised its annual growth forecast for 2024 to 1.25% from 0.5% due to a stronger-than-expected start to the year and an expectation of 0.7% quarter-on-quarter growth in the three months to June.

15.08 / 03:46

COST UPS economy pandemic Cycling reports Mortgage payments holding up, but other debt arrears rising: StatCan

Canadians are managing to keep up with their mortgage payments in the face of higher interest rates, but a new Statistics Canada analysis suggests there are cracks forming on other kinds of debt.

15.08 / 00:53

UPS Provident Software pandemic reports Three-quarters of advisors flag compliance as a top tech challenge

While financial advisors have massively ramped up their tech adoption since the COVID-19 pandemic, the industry still faces many challenges with respect to technology, according to a report by Cerulli Associates.

15.08 / 00:01

UPS Provident Research wellness pandemic Trade After UBS earnings, is cash sweep drama over?

UBS Group Wednesday morning became the latest wealth management firm to declare it was increasing yields on clients’ cash held in advisory accounts, joining Wells Fargo & Co., Morgan Stanley and others who also recently raised rates due to competitors paying substantially better yields on cash.

14.08 / 20:57

markets UPS Research pandemic band reports Households’ Covid-era liquid wealth has ebbed, leaving historic debt

A newly published study by the Federal Reserve Bank of San Francisco reveals that the substantial liquid wealth US households sopped up during the pandemic has run out, particularly for those in the lower- and middle-income bands of the economic spectrum.

14.08 / 18:09

COST UPS Food pandemic President show reports U.S. inflation slows to 3-year low. Can the Fed cut rates now?

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

14.08 / 15:52

markets Waters CEO Intuit Coronavirus pandemic beautiful Victoria's Secret bringing in Hillary Super from Savage X Fenty as its new CEO

Victoria’s Secret is making a change at the top, bringing in Hillary Super from Savage X Fenty to become its CEO

14.08 / 13:33

markets COST UPS economy pandemic trends reports ‘Me-cession’: If the economy’s not tanking, why does it feel like it is?

Many Canadians today are feeling the pinch and reining in their spending, waiting out harsh economic winds in a pattern of behaviour typical of major recessions and financial crashes in history.

14.08 / 11:55

markets COST pandemic Trade Inside prevention Why navigating stock market boom requires caution

Read this | From profit to penalty: The perils of insider trading in your employer’s stock We’ve all heard the adage: Human memory is short and fickle. Throughout history, from the tulip mania of 1657 to the 2008 financial crisis, market events have repeatedly taught us the same lessons. Yet, many fail to learn because human behaviour and emotions, driven by greed and fear, remain unchanged.

14.08 / 10:35

UPS Citi Gap pandemic 2020 Colleges inequality The dramatic turnaround in millennials’ finances

Millennials are now wealthier than previous generations were at their age. They can’t believe it either.

14.08 / 08:49

markets Provident Booking pandemic hospital reports Oyo posted Rs 229 crore net profit in FY24, claims founder Ritesh Agarwal

Oyo posted a net profit of Rs 229 crore for 2023-24, founder and chief executive Ritesh Agarwal said in a post on X. “One big learning for me over the years is under-promise and over-deliver,” he said, while adding that the net profit had exceeded his earlier estimate of Rs 100 crore. “Now with Rs 0.36 EPS (earnings per share) done, now to Re 1 EPS and beyond at FY25. Lots of improvements still left to do. Proud of what we are building together,” he wrote on the microblogging site.

13.08 / 18:22

markets UPS economy pandemic CIBC Labrador Posthaste: Downturn expected to get worse before Bank of Canada rate cuts kick in

Bank of Canada interest rates are on their way down, but don’t get your hopes up about an economic rebound anytime soon.

13.08 / 17:29

Google Platform Charity pandemic students actress Schools Google and Selena Gomez partner to fund teen mental health in the classroom

The unprecedented mental health crisis for children in the United States often surfaces where they spend much of their days: school

13.08 / 17:17

economy Election pandemic Myanmar War country Myanmar releases a Japanese executive after he was convicted for selling rice above set prices

A Japanese business executive who had been detained in Myanmar for more than a month has been released

13.08 / 17:03

COST TikTok Food pandemic trends show hospital Mini farm animals are adorable. There's also a growing demand for them

Americans are showing more interest in owning miniature cows, miniature goats, miniature donkeys and other diminutive farm animals

13.08 / 16:29

markets Target economy Research pandemic trends reports Middle- and low-income Americans running out of disposable cash: SF Fed

The Conference Board chief economist Dana Peterson analyzes the job market and consumer confidence on Making Money.

13.08 / 01:47

UPS Provident Target economy pandemic The 3% fiscal deficit target: Is it sacrosanct?

Mint looks at the new approach and the significance of the 3% target set by law. Governments need to live within their means. But with the ability to print money and borrow at will, they often spend more than what they earn, causing fiscal deficit.

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