I make just $10 an hour working at McDonald's in Memphis, and it's nowhere near enough to cover basic necessities every month for me and my baby daughter. A federal minimum wage of $15 an hour would help keep a roof over our heads and put food on the table. This would increase wages for nearly 40% percent of Black […]
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‘Let’s not get carried away by stocks like D-Mart, Jubilant Foods and all those companies that are trading at an expensive valuations.’ Independent stock market expert S P Tulsian tells Prasanna D Zore/Rediff.com about stocks that are overstretched and stocks that he is comfortable buying even as markets keep hitting new all-time highs. Are the Indian stockmarkets on steroids? Are […]
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A quick recovery among the US's hardest-hit businesses could drive a faster-than-expected rebound for inflation, Esther George, president of the Federal Reserve Bank of Kansas City, said Tuesday. The Fed aims to reach inflation of at least 2% before considering lifting its benchmark interest rate, but price growth has trended below that level for years and fell further at the […]
Read moreThe Federal Reserve released a report on Friday showing U.S. industrial production jumped by much more than expected in the month of December. The Fed said industrial production surged up by 1.6 percent in December after climbing by an upwardly revised 0.5 percent in November. Economists had expected production to rise by 0.4 percent, matching the increase originally reported for […]
Read moreReflecting a jump in the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by more than expected in the month of November. The Commerce Department said the trade deficit widened to $68.1 billion in November from $63.1 billion in October. Economists had expected the deficit to widen to $65.2 billion. The […]
Read morePet care retailer Petco Health and Wellness Company Inc.’s shares surged around 63% in the first day trading on Thursday after the Initial Public Offering, reflecting strong demand for pets as majority of people are confined to their homes during the Covid-19 pandemic crisis. On the Nasdaq, the shares, which are trading under the ticker symbol WOOF, opened at $26, […]
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Bitcoin: Cryptocurrency jumps to record high reveals expert Despite hitting record highs of $41,962 on Friday, bitcoin this afternoon slumped to just above the $30,000 psychological threshold. The digital currency has recorded losses of approximately 20 percent since Sunday at the time of writing. This has resulted in billions being wiped from BTC’s market capitalisation in only hours. While the crash […]
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Disneyland Resort, a New Jersey mall, convention centers, and sports stadiums are opening their doors to the public as mass vaccination sites. Here are some of the locations across the country that are shifting their focus and opening up for the public-health effort. Visit Business Insider's homepage for more stories. Sports stadiums, malls, and amusement parks are taking on a […]
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Sixth Street, a $50 billion global investment firm, made a majority investment in Legends, the hospitality management company launched by the owners of the New York Yankees and Dallas Cowboys. Sixth Street will join the partnership group alongside Legends cofounders Jerry Jones and Hal Steinbrenner. Legends is known for its luxury suites at sports and entertainment venues, including working with […]
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