Economic revival broadened and strengthened in September with about nine non-financial leading indicators recording growth during the month while five such indicators narrowed their contraction, according to rating agency ICRA. “The recovery in GST e-way bills, electricity, petrol and diesel in September 2020 provides a meaningful signal of a broader economic revival,” said Aditi Nayar,
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1. Dow set to bounce after sinking over 410 points A pedestrian outside the New York Stock Exchange in New York, July 29, 2020. Wang Ying | Xinhua News Agency | Getty Images Dow futures pointed to an over 100 point gain at Tuesday’s open, one day after the 30-stock average saw a late-session acceleration
US President Donald Trump and Democratic presidential candidate and former US Vice President Joe Biden are seen during the first presidential debate on a YouTube video displayed on a screen of a smartphone. United States presidential election scheduled on November 3, 2020. Pavlo Conchar | LightRocket | Getty Images Don’t let the bitterness of the
U.S. President Donald Trump holds a campaign rally in Carson City, Nevada, October 18, 2020. Carlos Barria | Reuters The S&P 500 is up about 5% since the end of July, and that higher market historically would favor the occupant of the White House if stocks hold their gains into the election. But strategists say
Procter & Gamble’s products include Crest toothpaste. Tiffany Hagler-Geard | Bloomberg | Getty Images Procter & Gamble reported on Tuesday that fiscal first-quarter revenue rose 9%, fueled by demand for its cleaning and laundry products during the coronavirus pandemic. On the heels of the strong quarter, P&G raised its sales outlook and expectations for core earnings growth
Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products giant earned $1.63 per share for its latest quarter, beating the consensus estimate of $1.42 a share. Revenue came in above Wall Street forecasts as well. P&G also raised its full-year sales forecast, amid elevated
Bengaluru: Jayalakshmi Poly Packs, on the outskirts of Bengaluru, is among the many small scale units that started getting orders from the US and Europe after several countries began to slowly move away from China. The unit in Bidadi Industrial Area makes void-fill packaging and automatic pouching for the automobile and furniture industries, but the
The start-up known around Silicon Valley for its comfy slip-on sneakers is hoping to take over another part of your closet. Allbirds is venturing further into the clothing category, debuting four new items Tuesday: A T-shirt made out of discarded crab shells; a wool cardigan; a wool jumper (a Briticism for a pullover sweater); and
The logo of Swiss banking giant UBS engraved on the wall is seen on its headquarters on May 8, 2019 in Zurich. Fabrice Coffrini | AFP | Getty Images LONDON — The world’s largest wealth manager, UBS, reported a net income of $2.1 billion for the third quarter on Tuesday, up 99% from the same
Pandemic travel restrictions have limited many travelers to staycations, and others are simply too nervous to get back on a plane. But there are still plenty of opportunities for adventure on the road. The road trip has undoubtedly seen a revival during the pandemic, and it’s the perfect way to explore the countryside for rich
New Delhi: Unemployment in urban areas fell to 8.4% in July- September 2019 from 8.9% in the June quarter last year, data released by the Ministry of Statistics and Programme Implementation (MoSPI) in the quarterly bulletin of the Periodic Labour Force Survey (PLFS) showed. Urban unemployment in the age group 15-29 years was 20.6%. Among
Washington lawmakers are hard at work to see if they can come to a compromise this week to finalize the next coronavirus stimulus relief package. The numbers continue to be a sticking point House Democrats recently passed a $2.2 trillion updated HEROES Act. The White House has offered $1.8 trillion in aid, though the administration
Wired senior staff writer Cade Metz and Arvind Krishna, then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images Shares of IBM fell about 1% in extended trading on Monday after the company released third-quarter
Raphael Bostic, President and CEO of the Federal Reserve Bank of Atlanta. Cameron Costa | CNBC The Federal Reserve has a substantial role to play in addressing the racial economic disparities brought about by the coronavirus pandemic, Raphael Bostic, president of the central bank’s Atlanta district, said Monday. Amid a recovery that Bostic called uneven
High earners in New York and California could face combined federal and state tax rates of 62% under Democratic presidential nominee Joe Biden’s tax plan, according to experts. While Americans earning less than $400,000 would, on average, receive tax cuts under Biden’s plan, the highest earners would face double-digit increases in their official tax rates,
President Donald Trump on Monday said the government’s top pandemic fighter, Dr. Anthony Fauci, is a “disaster” — and possibly an “idiot” — as he claimed that Americans are “tired of” Covid-19, even as the number of coronavirus cases continued spiking in much of the United States. “People are tired of Covid,” Trump said in
CNBC’s Jim Cramer called the market “wacko” Monday because investors wouldn’t normally benefit by chasing soaring stocks that are trading at off-the-chart multiples to sales, such as Zoom and Snowflake. Cramer said Zoom Video Communications, which is trading at about 50 times sales, and cloud company Snowflake, trading at about 100 times sales, are now
I’ve surveyed thousands of adults around the world — from the financially affluent to the middle-class to the poor — about two very simple, universally valuable resources: Time and money. Unsurprisingly, most people focus too much on working and making money, and not enough on having more time. But shifting your mindset to prioritize time
A customer shows purchased tickets for the Powerball lottery at a lotto store in San Bernardino County, California, January 9, 2016. Gene Blevins | Reuters If you’re one of those people who only buys a lottery ticket when the jackpot climbs into the stratosphere, you could be waiting a while. The Mega Millions jackpot for
MUMBAI: Financial services company Nomura on Monday cautioned about a ‘faux recovery’ being reflected by various indicators which is limited to festive consumption even as the Nomura India Business Resumption Index (NIBRI) picked up sharply to a post-lockdown high of 82.2 for the week ending 18 October versus 80.8 in the previous week led by
Doc Rivers, then of the LA Clippers yells to his team during the fourth quarter against the Dallas Mavericks in Game Four of the Western Conference First Round during the 2020 NBA Playoffs at AdventHealth Arena at ESPN Wide World Of Sports Complex on August 23, 2020 in Lake Buena Vista, Florida. Kevin C. Cox
Acorns is expanding into the hiring market. The eight-year-old fintech company announced a partnership with online job market ZipRecruiter on Monday, which allows Acorns clients to browse and apply for jobs within the app. Acorns’ hiring portal is the first of its kind for a financial services company. The launch had been on the company’s
U.S. stock futures advanced early Monday as investors hoped for a stimulus deal from Washington, although a rising number of Covid-19 cases dampened sentiment. Futures contracts tied to the Dow Jones Industrial Average rose 200 points, indicating a more than 100-point gain at the open. S&P 500 and Nasdaq 100 futures also traded in positive
This year may be like no other, but if you’re an employee who receives equity compensation, you can’t ignore the importance of year-end financial planning to get the most out of that benefit. The end of the year is a great time to review what you’ve received or vested during the year. Considering your equity
(This story originally appeared in on Oct 19, 2020) NEW DELHI: The future definition of poverty line cannot be the subsistence level income required by an individual but will have to factor in living standards that encompass facilities like housing, education and sanitation among others, a working paper on poverty released by Union rural development
A woman heads towards a departure gate at the Hong Kong International Airport. Christian Keenan | Getty Images SINGAPORE — Leisure travel between Hong Kong and Singapore could resume in the coming weeks as both cities work to set up a bilateral “travel bubble” that will allow travelers to forgo quarantine. The two cities —
Before building Salesforce into the multibillion-dollar cloud computing behemoth it is today, founder and CEO Marc Benioff experienced his share of ups and downs. One of the most challenging among them came early on, when the company was just a couple of years old, he said during a recent interview for LinkedIn’s “Hello Monday” podcast.
The Ant Group Co. logo and the Alibaba Group Holding Ltd. logo are displayed behind a reception desk at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Ant Group has won approval from the Chinese securities regulator for the Hong Kong leg
Nagpur: Union minister Nitin Gadkari on Sunday made a pitch for ‘swadeshi‘ (indigenous) production and said imports need to end, while exports should increase. He also suggested setting up of an “import substitute and export-oriented department” with separate funds earmarked for it. The senior BJP leader said the department should work on the principles of
House Speaker Nancy Pelosi has called on the Trump administration to reconcile remaining disputes on coronavirus stimulus legislation within 48 hours as lawmakers attempt to pass a bill before the 2020 election. Pelosi set the 48-hour deadline on negotiations after speaking with Treasury Secretary Steven Mnuchin on Saturday night for more than an hour. They agreed
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