Pandemic Financial News

Portfolio Wealth Advisors President and CIO Lee Munson discusses the expected release of big bank earnings, the Fed's rate cuts and shares his market outlook for the year.

Today’s homebuyers should look to invest in property along the lines of metros and expressways in the city outskirts to access premium properties in an affordable manner. Considering the rapid expansion of cities such as Mumbai, Bengaluru and Hyderabad, homebuyers and investors should make use of the early mover advantage to invest in properties before land rates spike, says Bhavesh Kothari, Founder & CEO, Property First.

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More Republican lawmakers in states around the U.S. are getting behind the idea of using taxpayer money to subsidize child care

₹50 crore. It is this investment in the company that is under scrutiny, said the official cited above.

For several months, I have pushed back against the market expectation that the US Federal Reserve’s cycle of interest-rate cuts would start as early as March. Last fortnight, I said that June was much more probable.

Since returning from this year’s World Economic Forum (WEF) meeting in Davos, I have been asked repeatedly for my biggest takeaways. Among the most widely discussed issues this year was artificial intelligence (AI), especially generative AI (GenAI).

Amazon is cutting hundreds of jobs. So are Macy’s and Wayfair. But one retail worker is still in high demand: Walmart superstore manager.

FRANKFURT (Reuters) — The European Central Bank said on Monday it would lower the bar for lending to central banks from outside the European Union in times of crisis.

BENGALURU : Byju’s, Dunzo and a bunch of other startups are in a standoff with some vendors, mostly over charges of delayed payments likely arising from mounting financial constraints within the ecosystem. These companies on their part deny the charges, in several instances accusing the vendors of straying from the terms of their contracts, or citing contractual disagreements for non-payments. Vendors, lawyers and industry observers pointed to an increase in cases of defaults or delayed payments last year as several startups struggled to raise capital.

Pariksha Pe Charcha 2023: PM Modi to interact with Exam Warriors today The 7th edition of Pariksha Pe Charcha will start from 11 am onwards in a town hall format at Bharat Mandapam, ITPO, Pragati Maidan, New Delhi. Nearly 3000 participants will be interacting with the Prime Minister in the programme. "Looking forward to seeing you all tomorrow at 11 am for 'Pariksha Pe Charcha'!" PM Modi posted on X.

TORONTO—When Metin Sozen’s Honda CR-V was stolen in Montreal in April, a police officer suggested he bid adieu to his car. “She told us our car is probably on its way to Africa," said Sozen, an illustrator who lives in Sleepy Hollow, N.Y. Sozen’s car was one of the thousands that were stolen in Canada last year, many of which were loaded into shipping containers and smuggled from the Port of Montreal to distant ports in Africa and the Middle East.

HONG KONG—For many people in China these days, getting a job isn’t the problem. Finding a good one that pays enough is. With the economy in a funk and deflation settling in, many people are having to settle for jobs beneath their skill levels, often with reduced pay.

Walgreens has agreed to pay $275,000 to settle allegations about service in some of the national pharmacy chain's Vermont stores during the coronavirus pandemic

American Express saw its fourth quarter profits jump 23% from last year, as more cardmembers have started keeping a balance on their accounts compared to previous years, which has brought in more interest income for the credit card giant

Journalists at The New York Daily News and Forbes are striking amid contentious contract talks with management and a difficult few weeks in the news industry

China's leaders have launched a barrage of new policies to prop up languishing financial markets and rekindle growth in the world's second-largest economy

Joe Biden said on Friday that the border deal being negotiated in the U.S. Senate was the «toughest and fairest» set of reforms possible and vowed to shut down the border the day he signs the bill. «What's been negotiated would — if passed into law — be the toughest and fairest set of reforms to secure the border we've ever had in our country,» Biden said in a statement. «It would give me, as President, a new emergency authority to shut down the border when it becomes overwhelmed.

business class passengers, catering to the rising demand. After two sluggish years due to the pandemic, airlines have not only seen a rousing revival in corporate travel, boosting occupancy in the business class, but also a new class of leisure travellers willing to spend more for extra legroom and other perks. Deepak Rajawat, chief commercial officer of Vistara, said the debate over whether the pandemic would drive a shift towards work-from-home and reduce business-related travel has been put to rest. «There has been a phenomenal increase in the percentage that we carry in the front end,» he said, referring to business class flyers. Air India, under its new owner Tata group, is seeking to position itself as a world class airline and target more higher-paying customers.

The Bank of Canada’s decision to keep its key overnight interest rate steady at five per cent for the fourth time was widely expected by the real estate sector, but whether it will be enough to bring buyers back to the market remains up for debate.

Household finances continue to be tight and most families are scrimping and saving everywhere they can, which begs the question: What can you do if you’re struggling to make ends meet, but can’t cut your spending any more than you already have?