Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers. The price for a container of goods from China…
Cramer: Promising data from coronavirus drug trial ‘beginning…
CNBC's Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19."What I regard this as is the beginning of the end of…
Fed sees ‘medium-term’ pandemic risks, keeps zero-rate pledge
By Christopher Condon and Craig TorresFederal Reserve officials restated their pledge to hold the benchmark interest rate near zero and will keep buying bonds, judging that the coronavirus pandemic “poses considerable risks to the economic…
A.I. can’t solve this: The coronavirus could be…
Monitors display a video showing facial recognition software in use at the headquarters of the artificial intelligence company Megvii, in Beijing, May 10, 2018. Beijing is putting billions of dollars behind facial recognition and other…
Global lobbying groups call for delay to India’s…
NEW DELHI: Nine lobbying groups including the U.S. Chamber of Commerce have urged India to delay a new digital tax that will hit firms such as Facebook and Google as they are battling the fallout…
Lenders seek top-ups, replacements for debt schemes given…
[unable to retrieve full-text content]Businessmen, HNIs borrow this way for short-term capital needs or investments. Personal Finance News-Wealth-Economic Times
How are mutual funds better than fixed deposits?
I started investing in mutual funds in January 2018. My portfolio has about 85% in equity and rest in debt/others. Till December 2019, I was getting a return of about 12% on my entire portfolio.…
Indians venture into US stocks as markets slump…
MUMBAI: More Indian investors are turning to US stocks to escape tumbling markets at home and pick up exposure to global technology giants that are rising through the coronavirus-led market turmoil. With more mom-and-pop investors…
Dow futures fall slightly ahead of Fed decision
Stock futures fell slightly in overnight trading on Tuesday as investors eyed guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight.Futures on the…