Pandemic Financial News

Inflation has changed the way many Americans shop

By Nick Carey

The head of the European Union’s powerful Commission says decisions will be taken soon to release billions of euros to Poland, funds frozen by the bloc over the previous Polish government’s anti-EU policies

Powered by big stadium tours from artists like Taylor Swift and Beyoncé, ticket sales are booming and it appears likely that live acts will continue to draw massive crowds this year after the pandemic closed down concert venues globally for close to tw...

The NFL’s salary cap for 2024 will be $255.4 million, up a record $30.6 million from last year

mutual funds (MFs). Hesitant at first, Shalini quickly came around when she saw Palak’s dizzying investment returns. Approaching one’s parents for financial advice is nothing new. However, here was a twist: Shalini is Palak’s mother.

Shares of Carvana surged nearly 40% on Friday after the used-car retailer posted its first annual profit, in a sharp turnaround powered by cost cuts and a debt-reduction deal with bondholders. The company's shares are on track to close at a year high if gains hold, but still far from their all-time peak of $376.83 in 2021.

Red Sea have delayed cargo and sent shipping costs higher, but soft demand and ample ship availability are muting the impact on inflation, analysts from Moody's Investor Service said on Thursday. Ships carrying everything from furniture and apparel to food and fuel are being diverted away from the nearby Suez Canal trade shortcut to the longer and more expensive route around Africa. Rerouting takes vessels and crew out of danger from drone and missile strikes by Iran-aligned Houthis supporting Palestinians as the Israel-Hamas war rages.

WASHINGTON (Reuters) — U.S. existing home sales increased to a five-month high in January as declining mortgage rates pulled in buyers from the sidelines, but tight supply remains a challenge.

₹316 crore in funding, bringing the total raised through its preferential issue to ₹1,060 crore. The funding, which comes amid a severe cash crunch, will allow the struggling airline to pursue expansion plans. The budget carrier had to lay off about 15% of its staff, or about 1,500 employees, following a two-thirds reduction in its fleet size for want of funds.

By Joanna Plucinska and Rajesh Kumar Singh

Hindu Business Line, based on the data by PrivateCircle Research, around 44 startups have been founded by former Flipkart employees (popularly known as 'Flipkart Mafia or Flipsters), having a cumulative valuation of $25 billion. According to the English Business Daily, of the 44 startups, more than a third (15) of them are e-commerce only. The list includes Udaan, Spinny, and RentoMojo.

Japan has reported its exports surged nearly 12% in January, helped by robust demand for vehicles, auto parts and machinery

By Alan Charlish and Pawel Florkiewicz

Investing.com — U.S. natural gas prices have plunged to their lowest levels in almost four years as lower demand, on the back of warmer conditions, has coincided with surging production. But the worst may now be over.

 Realtor.com chief economist Danielle Hale breaks down housing affordability on 'Maria Bartiromo's Wall Street.'

₹99 for customers in Gujarat, Madhya Pradesh and Chhattisgarh, and ₹149 for customers in other parts of west and south India. The company is also promoting the offer with two new television commercials. Earlier, the McVeggie meal was priced at ₹321—now it is available for Rs149, while the Aloo Tikki meal, earlier priced at ₹230, can now be had at ₹99.

COVID-19 vaccines that emerged as a beacon of hope in the fight against the deadly virus during the pandemic are back in the news again following a new study that has linked the shots to rare brain, heart and blood disorders, Vaccine, a science journal, reported last week. The journal reported that researchers from the Global Vaccine Data Network—a research arm of the World Health Organization—found that the COVID-19 vaccines aggravated 13 medical conditions that were considered “adverse events of special interest." The study conducted on 99 million vaccinated people from eight countries: Argentina, Australia, Canada, Denmark, Finland, France, New Zealand and Scotland, reported that people who received certain types of mRNA vaccines were found to have a higher risk of myocarditis, which is inflammation of the heart muscle.

By Lisa Barrington, Brenda Goh and Joe Brock

HSBC noted the effects of China's slower-than-expected economic recovery after the Covid-19 pandemic as well as heightened geopolitical tensions. The firm reported pre-tax profits of $30.3 billion, up from $17.1 billion the year before, in a statement to the Hong Kong stock exchange. Profit after tax increased by $8.3 billion, to $24.6 billion.

Americans have become increasingly reliant on their credit cards since the pandemic