India’s GDP growth seen at 1.2% for Q4 FY20: SBI report

The fourth quarter GDP growth will be announced on May 29. The country’s GDP is estimated to have grown at 1.2% in the last quarter of the previous fiscal as economic activity came to a standstill in the last week of March due to the nationwide lockdown to contain spread of COVID-19, a report said. According to the SBI’s research […]

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How Mark Cuban became a billionaire after being fired from several jobs

Cuban: Coronavirus PPP loan was ‘perfect in conception’ Dallas Mavericks owner Mark Cuban discusses reopening the economy amid coronavirus and the Paycheck Protection Program. Mark Cuban is known for being a successful businessman. Continue Reading Below The 61-year-old entrepreneur owns the NBA’s Dallas Mavericks, has stakes in numerous companies, is one of the judges on ABC's "Shark Tank" and is estimated […]

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Record jobless claims mean we must heed these lessons from the Great Recession

More jobless claims as economic fallout from coronavirus continues; Macy’s opening stores for Memorial Day Fox Business Briefs: 2.2 million new claims for unemployment benefits in the week ending May 16 just about match economists’ expectations; Macy’s is opening more stores for the Memorial Day weekend. With another 2.4 million initial unemployment claims filed this past week, the focus from […]

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GDP growth in 2020-21 likely to go negative, says RBI Governor

‘The biggest blow is to private consumption that accounts for 60% of domestic demand’ The Reserve Bank on India (RBI) on Friday said India’s Gross Domestic Product (GDP) growth will be in negative territory in 2020-21 as the outbreak of COVID-19 has disrupted economic activities. In a televised address, RBI Governor Shaktikanta Das said the global economy is heading into […]

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Eurozone PMI Signals Easing Economic Downturn

The euro area private sector remained stuck in its deepest downturn ever in May, but the pace of decline slowed as the economy began to partly emerge from the coronavirus lockdown, flash survey results from IHS Markit showed Thursday. The composite output index rose to 30.5 in May from a record low 13.6 in April. The score has remained below […]

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Fed Minutes Highlight Uncertainty, Risks Created By Coronavirus Pandemic

In addition to the severely adverse near-term effects of the coronavirus pandemic, the minutes of the Federal Reserve’s latest monetary policy meeting noted the outbreak and the measures undertaken to contain it have also created an extraordinary amount of uncertainty and considerable risks to economic activity in the medium term. The minutes said participants at the late-April meeting discussed several […]

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Bailey Says Bank Of England Not Ruling Out Negative Interest Rates

Bank of England Governor Andrew Bailey said the UK central bank is currently reviewing all its tools and it would be foolish to rule out any one of them, including negative interest rates. “We do not rule things out as a matter of principle,” Bailey told lawmakers at a Treasury committee hearing on Wednesday. Specifically on negative interest rates, the […]

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Is mortgage forbearance an option? Here's what to know

Fox Business Flash top headlines for May 20 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Suddenly out of work or making due with reduced paychecks, an estimated 4.1 million Americans have sought forbearance on their mortgage, according to data released Monday by the Mortgage Bankers Association. That’s a staggering number, and experts anticipate more […]

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