This back-to-school season, the average parent's spending per student is expected to be as much as $270, compared with roughly $250 in 2020, KPMG found in a new survey. Parents of children in preschool are planning to spend as much as 32% more money this year, the survey said, while parents of college-aged students will spend about 13% more. A […]

Oil prices have made a huge comeback in just over a year. U.S. oil prices turned negative in April 2020, a never-before-seen move. But, this month, West Texas Intermediate crude hit levels not seen in more than two years as a reopening economy and a rebound in demand fueled a surge in prices. Prices rose by 0.7% to $73.43 a […]

NEW YORK (Reuters) – Investors have enjoyed a rewarding ride in the first half of 2021, as unprecedented economic stimulus, stellar earnings growth and a reopening U.S. economy powered the S&P 500 to record highs and a 14% year-to-date gain, putting the index on track for a first-half performance rivaled only once in over two decades.FILE PHOTO: Trading information is […]

FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. REUTERS/Nick ZieminskiLONDON (Reuters) -Retail investors currently account for roughly 10% of daily trading volume on the Russell 3000, the broadest U.S. stocks index, after peaking at 15% in September as lockdown boredom and extra savings triggered interest in […]

The euro area private sector grew at the fastest rate in 15 years in June as the economy re-opened further from virus-fighting restrictions, flash survey data from IHS Markit showed on Wednesday. At 59.2, the flash composite output index reached its highest level since June 2006, up from 57.1 in May. The reading was also above economists’ forecast of 58.8. […]

Companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas. As the second wave of the Covid-19 pandemic abates, India’s automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a […]

By Nita Blake-Persen of RNZ A philanthropic foundation is suing the Ministry for Social Development over its failure to take legal action against a single wage subsidy recipient. More than $13 billion was paid through the wage subsidy scheme, which was designed to keep people in their jobs during Covid-19 lockdowns. But since receiving the cash, many companies have gone […]

SINGAPORE – The Monetary Authority of Singapore (MAS) said it would remain vigilant over rising home prices even though the property market was not “overheated”. “No, we do not think the market is overheated right now, because if it is overheated, then we have not done our job well,” MAS managing director Ravi Menon said in response to a question at a […]