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…
Wall Street’s road warriors have spent the past…
It’s the well-known, but little-discussed, reality of a life in the financial markets: very little business actually takes place on Wall Street, or anywhere in New York for that matter. Even before coronavirus forced the…
Will ample liquidity, lower rates (thank Fed) help…
The US Federal Reserve signalling almost zero per cent interest rates for the next two years is likely to keep the party going in Dalal Street. This may force our own central bank to keep…
Yes Bank gets bourses approval for re-classification of…
MUMBAI Private sector lender Yes Bank on Friday said it has received approval of leading bourses BSE and National Stock Exchange for re-classification of the promoter shareholding. Part of shareholding classified as "promoter shareholding" now…
UK economy contracted by 20.4% in April, the…
A pedestrian walks past closed-down shops on an empty Regent Street in London on April 2, 2020, as life in Britain continues during the nationwide lockdown to combat the coronavirus pandemic.Tolga AkmenThe U.K. posted the…
Tech’s big five lost nearly $270 billion in…
A view of Apple store in fifth Avenue during coronavirus pandemic on April 7, 2020.John Nacion | NurPhoto | Getty ImagesThe five most valuable tech companies lost more than $ 269 billion in value on…
Stocks making the biggest moves after hours: PVH,…
People walk past the Calvin Klein store at the Woodbury Common Premium Outlets Mall on October 21, 2017 in Central Valley, NY.Gary Hershorn | Getty ImagesCheck out the companies making headlines after the bell.Adobe —…
Quicken Loans, the largest U.S. mortgage lender, is…
Dan Gilbert, CEO, Quicken LoansAnjali Sundaram | CNBCQuicken Loans, the largest mortgage lender in America, is planning an initial public offering, according to people familiar with the matter. The company, founded and owned by Detroit-billionaire Dan…
Economic reality beginning to dawn on US market:…
The market got itself over-extended and now realises that this may not be the bottom for the economy, says the Independent Emerging Markets Commentator.What is going on what explains the fall in the Dow? Well…