Economy News Today - Page 2 of 67

Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Payments company Square, Inc. (SQ) beat analysts’ earnings estimates yesterday for its fourth quarter performance and boosted its Bitcoin (BTCUSD) holdings, but its stock fell anyway on a revenue miss. The San Francisco-based company reported revenues of $3.16 billion, up from $1.31 billion a year earlier, on adjusted earnings per share (EPS) of 32 cents.… Continue reading Square (SQ) Reports Mixed Results as It Boosts Bitcoin Holdings

Home Depot (HD) Sharply Lower Despite Strong Quarter

Dow component The Home Depot, Inc. (HD) is trading lower by more than 2% in Tuesday’s pre-market despite beating fourth quarter 2020 top- and bottom-line estimates by wide margins. The company booked a profit of $2.65 per share, $0.28 better than expectations, while revenue surged 25.1% year over year to $32.26 billion, beating consensus by… Continue reading Home Depot (HD) Sharply Lower Despite Strong Quarter

‘No point quitting’: How the pandemic is delaying retirement

For our free coronavirus pandemic coverage, learn more here. The COVID-19 crisis has helped lift the age at which Sydney’s workers are expected to retire after a slump in migration and the tightening of the labour market encouraged older employees to remain in the workforce. Workers in the city now aged 45 are expected to… Continue reading ‘No point quitting’: How the pandemic is delaying retirement

Government to ease path for asset monetisation

Nirmala Sitharaman to chair meeting with regulators to relax investment norms. Finance Minister Nirmala Sitharaman will soon chair a meeting of the Financial Stability and Development Council (FSDC) to nudge financial regulators to relax and harmonise investment norms for instruments like Infrastructure Investment trusts (InvITs) to be used to monetise public assets like highways, gas… Continue reading Government to ease path for asset monetisation

Unemployment may not return to Trump lows: Fed official

KC Fed president on Jackson Hole, inflation, tapering measures Kansas City Federal Reserve President Esther George, in a wide-ranging exclusive interview, argued that tapering should happen ‘sooner rather than later’ and predicted ‘high growth’ for the U.S. economy this year. The U.S. unemployment rate may not return to the more than half-century lows recorded under… Continue reading Unemployment may not return to Trump lows: Fed official

Taliban could reap fortune on crucial untapped treasure-trove of minerals

Taliban sitting on $1T worth of minerals, metals in Afghanistan FOX Business’ Jackie DeAngelis reports on the economic implications of the Taliban sitting on about $1 trillion worth of metals and minerals in Afghanistan, which includes lithium, a metal in high demand as it’s used to make chips. Economic implications of the Taliban takeover of Afghanistan… Continue reading Taliban could reap fortune on crucial untapped treasure-trove of minerals

This State Has The Best Work\/Life Balance

Work/life balance is a relatively new concept. There was a time when Americans (mostly men decades ago) were supposed to work as many hours as their employers wanted and move from place to place when their employer needed them to. The question has arisen about whether that is the best “life” for many people to… Continue reading This State Has The Best Work\/Life Balance

This State Has The Best Work\/Life Balance

₹60,000-crore loan guarantee scheme for COVID-hit sectors yet to take off

52 days after it was announced as a top relief package, Finance Minister says it ‘is in the process’. A ₹60,000-crore loan guarantee scheme for helping sectors hit the hardest by COVID-19 is yet to get off the ground, 52 days after it figured at the top of an economic relief package to cope with… Continue reading ₹60,000-crore loan guarantee scheme for COVID-hit sectors yet to take off

States see red as FinMin passes buck on fuel rates

Insult to States already hit by pandemic costs, falling revenues, say ministers A day after Union Finance Minister Nirmala Sitharaman ruled out any imminent cut in fuel taxes levied by the Centre and said States should cut their own taxes on fuel to give relief to consumers, several State governments were not amused and termed… Continue reading States see red as FinMin passes buck on fuel rates

With CBD on ‘life support’, businesses declare 2021 a write-off

For our free coronavirus pandemic coverage, learn more here. Businesses and landlords in Melbourne’s CBD are giving up on a recovery in 2021, concentrating instead on surviving into next year when they hope the pattern of repeated lockdowns will end. The commercial real estate industry says the latest lockdown has left the city on “life… Continue reading With CBD on ‘life support’, businesses declare 2021 a write-off

New Zealand expected to raise rates to cool overheating economy

New Zealand is set to raise interest rates this week, the first advanced economy in the Asia-Pacific to begin normalising policy, as a powerful recovery unhindered by Delta outbreaks shows signs of overheating. The Reserve Bank of New Zealand will lift the official cash rate by a quarter percentage point to 0.5 per cent at… Continue reading New Zealand expected to raise rates to cool overheating economy

Govt. to completely exit erstwhile PSUs

DIPAM’s Pandey says awaiting court orders for other divestments, hinting at Hindustan Zinc, Balco The government is eyeing a sale of its residual stakes in erstwhile public sector firms like Paradeep Phosphates, Hindustan Zinc and Balco, which were privatised during the Atal Behari Vajpayee regime, a top finance ministry official said. “We intend to exit… Continue reading Govt. to completely exit erstwhile PSUs

Dominion sues Newsmax, One America over voting-machine fraud claims

More On: voting Texas Dems who fled to DC to block voting law sue Gov. Abbott Georgia Democratic congressman arrested in voting rights protest Harris struggles to name GOP senators she’s spoken to on voting rights Texas Dem touts herself as ‘brave,’ launches House bid from DC hotel room Dominion Voting Systems on Tuesday sued two… Continue reading Dominion sues Newsmax, One America over voting-machine fraud claims

Dollar hits four-month high on euro as markets bet on earlier Fed taper

Fox Business Flash top headlines for August 6 Check out what’s clicking on FoxBusiness.com. TOKYO – The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an earlier tapering of Federal Reserve stimulus. The greenback strengthened as far as $1.1742 to the single currency , extending… Continue reading Dollar hits four-month high on euro as markets bet on earlier Fed taper

California almond growers look to future amidst water woes

Worsening drought is causing ranchers to take a financial hit Rancher Rob Hendry weighs in on the severity of the drought and how it has affected his cattle on ‘Cavuto: Coast to Coast’ As the COVID-19 pandemic raged over the last year, California's almond industry has thrived. Now, new water restrictions due to the West's… Continue reading California almond growers look to future amidst water woes

Virgin Galactic shares rise after it sets $450K per seat spaceflight price

More On: virgin galactic 3-2-1…sell off! Mila Kunis convinced Ashton Kutcher to ditch ticket to space ‘The Simpsons’ credited with Richard Branson space flight prediction Ready for takeoff? Virgin Galactic to give away free seats for space flight Despite historic flight, Virgin Galactic shares tumble on plans to sell more stock Shares of Virgin Galactic… Continue reading Virgin Galactic shares rise after it sets $450K per seat spaceflight price

CNN offered Chris Cuomo ‘leave of absence’ to advise brother Andrew: report

More On: chris cuomo CNN’s Chris Cuomo avoids brother’s scandal again, chokes up over singer’s cancer battle CNN and Chris Cuomo under fire for anchor’s silence, role in AG probe ‘The worst kind of nepotism’: Meghan McCain rips into Chris Cuomo Andrew Cuomo’s eldercide was worse and other commentary Officials at CNN reportedly offered network… Continue reading CNN offered Chris Cuomo ‘leave of absence’ to advise brother Andrew: report

U.S. Private Sector Job Growth Falls Well Short Of Estimates In July

Payroll processor ADP released a report on Wednesday showing private sector employment increased by much less than expected in the month of July. ADP said private sector employment rose by 330,000 jobs in July after surging by a downwardly revised 680,000 jobs in June. Economists had expected private sector employment to spike by 695,000 jobs… Continue reading U.S. Private Sector Job Growth Falls Well Short Of Estimates In July

Here's where the CDC says travelers should avoid, regardless of vaccination status

Leisure travel is picking up Barron’s Roundtable associate editor Andrew Bary joins Jack Otter to discuss how the market is responding to COVID regulations letting up The Centers for Disease Control and Prevention (CDC) has updated its list of "COVID-19 travel recommendations by destination," moving several destinations to its highest advisory level. US INDUSTRY GROUPS,… Continue reading Here's where the CDC says travelers should avoid, regardless of vaccination status

Eurozone Manufacturing Growth Moderates In July

The euro area manufacturing sector growth moderated in July but the pace of expansion remained elevated, final data from IHS Markit showed on Monday. The final factory Purchasing Managers’ Index fell to 62.8 from 63.4 in June. This was the lowest reading since March. But the reading was above the flash 62.6 and the sector… Continue reading Eurozone Manufacturing Growth Moderates In July

Varney on federal eviction moratorium ending: Landlords have lost 'big' and have 'no voice'

Varney: Landlords should get more sympathy FOX Business’ Stuart Varney asks viewers to look at the past months of eviction moratoriums from the landlords’ perspective. FOX Business' Stuart Varney, during his latest "My Take" on "Varney & Co.," argued landlords don't get much sympathy from the media and the country, "but they should." VARNEY: ERIC ADAMS WINS… Continue reading Varney on federal eviction moratorium ending: Landlords have lost 'big' and have 'no voice'