Pandemic Financial News

WASHINGTON (Reuters) — The U.S. economy has exceeded expectations to achieve a strong, broad-based recovery, and current improvements in business dynamism, workforce engagement and investment could pave the way for durable longer-term growth, the White House said on Thursday.

NEW DELHI : India has resumed trade talks with Peru after a long gap, with the sixth round of India-Peru negotiations for a trade agreement held in the South American country from 12 to 14 February. Various working group meetings were held, including on trade in goods, rules of origin, trade in services, customs procedures and trade facilitation, dispute settlement, and legal and institutional Issues, the ministry of commerce and industry said in a statement on Thursday “These meetings involved the participation of more than 70 delegates from both countries together, including their respective negotiating teams," it said. Over the next fortnight, other working groups will hold virtual meetings on technical barriers to trade, sanitary and phytosanitary measures, and trade remedies and cooperation.

Lyft shares jumped 62% after the bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that sent investors’ auto-trading algorithms — also known as “bots” — into a buying frenzy

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

SOTC Travel is aiming for a healthy, double digit growth in business this year, and 2024 could be an even better year for the company compared to 2023, said MD Vishal Suri in an interview with ET. «Our forward bookings are looking stronger for the summer. Well-heeled Indians are travelling 7-8 times a year, and I see other industry leaders stating that people are spending more on travel and experiences,” he said. “We hope more countries will ease entry requirements for Indians as a lot of short haul destinations are realising the spending power of Indian travellers,» he added.

Volatile market conditions and uncertainty are stressful for traders, and a new study looks at how they respond to losses.

Rommelia Asuncion’s older sister.Rommelia and her five-month-old baby girl, Morgyn Rose Asuncion-Massicotte, were found in the basement apartment of the home they rented on Mackay Drive in Richmond Hill on Feb. 1, just after 4 p.m.Also found dead in the apartment, Rommelia’s common-law husband and the father to her child, 41-year-old Joshuah Lawrence Massicotte.

(Reuters) -Uber Technologies said on Wednesday it would buy back up to $7 billion worth of company shares for the first time ever following a strong recovery in ride-share and healthy demand at its food delivery business.

By Amina Niasse

Blame it on the operational challenges of Byju’s, the erstwhile poster child of the edtech space, or the unending funding winter for startups, but the once-promising sector seems to be losing the plot. That’s an embarrassing about-turn for a segment that became a household phenomenon during the pandemic as remote learning drove many companies to a boom. But it’s possible for edtech to bounce back from its short-term challenges once funding improves, given the evergreen demand for learning, some experts say.

Fresher hiring has been on a downward trend since the pandemic, according to findings by Indeed, a global matching and hiring platform. The demand from graduates for fresher roles has also drastically declined by 37.4% between December 2022 and 2023. Multiple reasons for the fall include hesitation to enter the job market during industry volatilities, skill mismatch amidst a changing tech landscape, and differing salary expectations.

Flight attendants for major U.S. airlines are holding rallies at airports around the country to push for higher pay

A quick-moving winter storm that hit the Northeast on Tuesday has brought significant snowfall to some areas while others got less than expected

over the next 12 months. However, the second richest man on earth sold nearly half of it in just four days. Amazon's share price performance, which saw a 13% increase earlier this year.

₹2.69 trillion debt raised by the Centre when the cess collection was not sufficient to pay the states during the pandemic years. The cess may end even before March 2026 if the Centre is able to prepay the debt. “If before March 2026 we are able to pay all the loans and pay some of the compensation due to be paid because of non-receipt of audited figures from some of the states, the compensation cess cannot be levied beyond that," one of the persons cited above said on condition of anonymity.

By Nitin Kumar

By Sriparna Roy and Bhanvi Satija

The great market inflation hedge of the pandemic era is officially over. 

SYDNEY (Reuters) — Australia's central bank on Tuesday reiterated that while inflation was slowing, it was still too high and would take time to return to target, with much depending on whether productivity revived as hoped.

IMF) is now «very confident» the global economy will see a soft landing, its managing director Kristalina Georgieva said on Monday, adding that interest rates would start coming down around mid year. «We are very confident that the world economy is now poised for this soft landing we have been dreaming for,» after some of the sharpest interest rate hikes in decades, Georgieva said at the World Governments Summit in Dubai.

By Michael S. Derby