On effect of COVID second wave on growth, he says it is not likely to be very large The government is open to coming out with more measures to boost the economy, hit by the second wave of coronavirus pandemic, says Chief Economic Adviser (CEA) K.V. Subramanian. He, however, added that the demand for a fresh stimulus package had to […]
Read moreHow to save for retirement Phil Blancato on how to financially prepare for the future. The coronavirus pandemic destroyed retirement plans for millions of Americans, many of whom tapped into savings accounts earlier than expected as the crisis forced an unprecedented shutdown of the nation's economy. While most Americans expect to retire around age 66, a new study published by […]
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The global shipping industry, already exhausted by pandemic shocks that are adding to inflation pressures and delivery delays, faces the biggest test of its stamina yet. When one of China’s busiest ports announced it wouldn’t accept new export containers in late-May because of a Covid-19 outbreak, it was supposed to be up and running again in a few days. But […]
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More On: cryptocurrency World Bank rejects El Salvador’s request to implement bitcoin as legal tender El Salvador to keep dollar as legal tender, seeks World Bank help with bitcoin Bitcoin crosses $40K after Elon Musk says Tesla may accept it again Coinbase to create its first NYC office Hot Wheels fans will soon get a chance to own their favorite […]
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Kroger Co. (KR) reported a profit for the first-quarter dropped 88.5 percent from last year. Quarterly sales declined 0.6 percent from previous year. Quarterly adjusted earnings per share topped analysts’ expectations. The company raised its full year guidance. Kroger’s board has approved a $1 billion share repurchase program. The previous authorization expired last week. The company now expects adjusted net […]
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Economists said the tax collections suggest the first quarter of this year could record double-digit growth. India’s direct tax collections in the first two and a half months of 2021-22 stand at nearly ₹1.86 lakh crore, double the collections over the same period of last year that was affected by the national lockdown, the Finance Ministry said on Wednesday. Economists […]
Read moreMarket strategist: Fears of inflation are ‘way too early’ BMO Capital Markets Chief Strategist Brian Belski discusses the effect of reopening on the economy, arguing Americans are figuring out new ways to spend money. Producer prices rose in May by the most on record as the reopening of the U.S. economy from COVID-19 lockdowns gathered momentum. The producer price index […]
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Preliminary data released by the University of Michigan on Friday showed a bigger than expected rebound in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index climbed to 86.4 in June after falling to 82.9 in May. Economists had expected the index to rise to 84.0. “The early June gain was mainly among middle […]
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What is the rationale for using Bitcoin? How is El Salvador mitigating the risks? The story so far: On June 9, El Salvador became the first sovereign nation to make a cryptocurrency legal tender. The law pushed by its 39-year-old President, Nayib Bukele, passed with 62 out of 84 votes. It mandates that Bitcoin should now be accepted as a […]
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