Pandemic Financial News

A watchdog report says a Minnesota state agency’s inadequate oversight of a federal program that was meant to provide food to kids created the opportunities that led to the theft of $250 million in one of the country’s largest pandemic aid fraud cases

The Metropolitan Opera sold 72% of available tickets this season, up from 66% in 2022-23

Bank of Canada governor Tiff Macklem says businesses should be inspired by the “enormous amount of ingenuity” they showed during the pandemic to boost the country’s declining productivity levels, but a failure to keep doing so could make “everything more difficult going forward.”

DST Global and Lightspeed Venture Partners are expected to join the ongoing financing round for Zepto, multiple people in the know said.

The Bank of Canada should consider better communication of its monetary policy intentions, building on the steps it has already taken to improve the transparency of messages it sends to the market, the International Monetary Fund said on Tuesday.

Banks are seeking innovative solutions to rebalance their credit-deposit ratio. These include reducing the minimum lock-in period for tax-saving deposits to three years to bring about parity with similar equity-linked savings schemes. There may be some merit in this demand considering a structural shift in savings behaviour of Indian households to alternative investment avenues, such as mutual funds and real estate, at a time interest rates had collapsed during the pandemic. Although interest rates have since recovered, returns offered by a rally in the stock markets and a revival of the housing market are crimping bank deposit growth. Accompanied by strong demand for credit, a key banking metric is deteriorating, prompting RBI to suggest banks review their business strategies.

Half of people who have a full-time job and make up to $33/hour can’t afford a one-bedroom rental

Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO

The board of General Motors approved another $6 billion share repurchase as the Detroit automaker continues to build momentum in 2024

Gas prices are once again on the decline across the U.S. That's bringing some relief to drivers now paying a little less to fill up their tanks

Modi 3.0 Cabinet: Nirmala Sitharaman retains finance ministryMany experts rate Sitharaman's first term as remarkable as she managed to keep the Indian economy firmly on the growth path amid a testing time."The Finance Minister's first term can definitely be rated 8/10 given the challenges faced on the macroeconomic front, both at the domestic and the global front, in terms of tackling inflationary pressures while, at the same time, ensuring growth remains a priority," said Aamar Deo Singh, Sr. Vice President, Research, Angel One.Also Read: Mint Explainer: Key policy changes in Nirmala Sitharaman’s first stint as FMMacro stability is what the market wants, and Sitharaman can deliver on that, say experts."Nirmala Sitharaman's first term as Finance Minister demonstrated a commendable balance between fiscal prudence and economic stimulus, especially amidst the unprecedented challenges of the COVID-19 pandemic.

Madison Ventures managing director Mitch Roschelle analyzes the housing market and reveals some of the best places to live outside of big cities on 'The Big Money Show.'

Home equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors.

Mansukh Mandaviya, who served as the union health minister at the height of the COVID-19 pandemic in 2021, was on Monday appointed as India's new sports minister, replacing Anurag Thakur in Prime Minister Narendra Modi's cabinet. The 52-year-old Mandaviya won the Porbandar Lok Sabha seat in Gujarat by defeating his nearest Congress rival Lalit Vasoya by a margin of 3.83 lakh votes.

Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills

UEFA has a two-step financial mission to refill its pandemic-hit cash reserves

Since the COVID-19 pandemic, demand for food delivered fast has skyrocketed

Anecdotes aren’t data (as the apparently oft-misquoted saying goes), but over the past 14 years the two paint a depressingly similar picture of Britain’s National Health Service (NHS). A friend recently diagnosed with breast cancer was told she needed surgery to remove a small tumour. It took months for her general practitioner to refer her for testing after she initially complained of unexplained weight loss and later pain.

ARCs) in India are projected to see an increase in recovery rates for stressed residential realty projects, rising to 16-18% by March 2025 from 11% in March 2024, owing to healthier demand, price appreciation in the housing property market and greater interest from investors and promoters, said CRISIL Ratings.

There are many ways in which designing a monetary policy differs from drafting a Union budget. The budget is an account of money received and spent, overlaid with plans for how to structure expenditure over the next 12 months—depending on a combination of pressing political exigencies and economic imperatives—and proposals for raising money to meet this spending.

labour shortage as thousands of migrant workers who went back to their homeland to cast votes in the just-concluded Lok Sabha elections are not willing to return. The crisis comes at a time when export enquiries from the US are showing early signs of recovery.