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 […]
Read more
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 […]
Read more
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 […]
Read more
‘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 […]
Read more
Next jobs report will come in ‘well above 15%’: Former Atlanta Federal Reserve president Former Federal Reserve Bank of Atlanta President Dennis Lockhart discusses his outlook for the U.S. economy amid the coronavirus pandemic. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Unemployment in the U.S. is already at […]
Read more
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 […]
Read more
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 […]
Read more
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 […]
Read more
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 […]
Read more