Pandemic Financial News

Michael Lee Strategy founder Michael Lee and CFRA senior equity analyst and Vice President Garrett Nelson weigh the UAW strike's impact on the stock market.

In the face of economic uncertainties, high mortgage rates, and caregiving responsibilities for both children and aging parents, a majority of millennials are letting their long-term need to prepare a legacy fall by the wayside, according to a new study.

BENGALURU : Waycool Foods and Products Pvt. Ltd has sought short-term relief on repayments to its debt lenders, marking a turn of fortunes for a company that was in the race to be India's first agritech unicorn. The move comes shortly after the company raised $30 million through convertible notes in an internal funding round, with most of its existing investors participating, two people familiar with the matter told Mint.

New Delhi: Global technology major Dell Technologies is banking on gamers and college and school-going youth to drive its business this year, according to a senior company official. While launching new laptop models across XPS, Alienware and Inspiron portfolio, Dell Technologies Vice President and Managing Director for Consumer and Small Business Raj Kumar Rishi said that the company will stick to its strategy of bringing the latest technologies across various price points and focus on financing of laptops to make devices affordable for consumers. «Share of gaming in the PC segment has increased. We see gaming and college and school-going youth to continue driving growth for us,» Rishi said. The company unveiled new XPS laptops with Intel Core Ultra 9 processor and Nvidia GeForce RTX 4060 GPU to support artificial intelligence applications.

California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday

Khichdi scam case, Enforcement Directorate (ED) has issued summons to Amol Kirtikar. "When I started working on this scam, I came to know that the 'kingpin' was someone else. The kingpin in this whole scam is Shiv Sena (UBT) spokesperson, Sanjay Raut...," Sanjay Nirupam, who was expelled for six years by the Congress, was quoted by news ANI as saying.

Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers on 'The Claman Countdown.'

China’s weak consumer activity got a temporary boost from the Qingming holiday ended Saturday, during which more travelers hit the road, adding to signs of green shoots in the world’s second-largest economy. Official data released over the weekend show that Chinese tourists made 119 million domestic trips during the three-day holiday, up 11.5% from the same period in 2019 before the pandemic.

This sector was for long considered an extension of the Construction sector. However, several changes have taken place over the last few years:

NK Singh on Saturday said that India needs to rethink existing principles that guide country’s fiscal policy, including debt, which is expected to remain high in the post pandemic world. «The global average debt post-pandemic now approaches 100% and it is projected to remain above pandemic levels for about half the world,” Singh said. He was speaking at Kautilya Global Award 2023 and Fiscal Heritage award by TIOL, a platform for deliberations on public policy and taxation.

As we explained here a few days ago, it's probably worth taking the CFA Level 1 exams if you're a student hoping to get a job in banking. But be warned, that even if you pass the notoriously difficult exams, you face having your pass voided if you fail to complete some extra tasks.

When Canada Goose employees received an email on Monday, March 25, telling them not to come into the office the following day, they feared the worst.

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Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation

₹23,000 crore. Bandhan started as a non-government office (NGO) in 2001, with a focus on women empowerment and poverty alleviation. In 2006 it acquired a non-banking finance company (NBFC) licence and was renamed to Bandhan Financial Services Ltd (BFSL).

Senior finance and central bank officials from Southeast Asia and major economies are meeting in the scenic Laotian city of Luang Prabang to discuss ways to help the region build resilience against shocks like the COVID-19 pandemic and natural disaster...

The British government says it will grant extensions to several large U.K. airports unable to meet the June 1 deadline to fully install new scanning technology

The number of Americans applying for jobless benefits rose to their highest level in two months last week, but layoffs remain at historically low levels as the labor market continues to chug along despite elevated interest rates

₹5-15 crore had changed firms and are now regretting their calls. They are available in the market, but are not in a hurry to take up another offer," Raina said. "Over the last 6-8 months, while mandates have opened up, companies are talking long to close positions," said Anshuman Das, chief executive and co-founder of Careernet, a talent solutions provider.

Canadian households in some provinces are renegotiating debt payments at a record clip, as the financial squeeze from high interest rates continues to take its toll.

India's defence exports have witnessed a significant surge in 2023-24 with a growth of ₹21,083 crore. In fact, the last few financial years have witnessed steady and methodical increase in India's defence exports to countries including the Seychelles, the Maldives, Mauritius and Ecuador. These y-o-y increases started primarily in 2017-18, with the trajectory of defence exports hitting ₹4,682 crore, followed by a significant jump to ₹10,745 crore, which represented an increase of an impressive 129.49% in 2018-19. Then, a dip of 15.16% in defence export performance in 2019-20 to ₹9,115 crore was induced by the pandemic. A further decrease ensued in 2020-21, due to the continuation of Covid, by 7.47% to ₹8,434 crore. The decrease in 2019-20 and 2020-21 was not as precipitous as the surge in defence export growth in the pre-pandemic phase. In the post-pandemic phase, defence exports regained their footing with an increase to ₹12,814 crore in 2022-23, which was higher than in the pre-pandemic year of 2018-19 when exports actually experienced a significant rise.