U.S. Senate Majority Leader Mitch McConnell (R-KY) arrives as Senate Republicans hold their weekly policy lunch on Capitol Hill in Washington, June 16, 2020.Jonathan Ernst | ReutersThe $ 600 boost in weekly unemployment checks ends…
What is a Fund of Funds or FoF?
A Fund of Funds or FoF invests in mutual fund schemes. A regular mutual fund scheme or fund collects money from investors and invest the money in stocks or debt based on its mandate. A…
U.S. job growth roars back, but COVID-19 resurgence…
WASHINGTON: The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment checks in the middle of the month, and a resurgence…
Ban on Chinese apps provides opportunities to US,…
WASHINGTON: A US-India business advocacy group has welcomed India's ban on Chinese apps, including TikTok, saying the move will provide opportunities to American and Indian start-ups. Amidst escalating tensions with China in eastern Ladakh, the…
Hundreds arrested in Hong Kong protests, as analysts…
Protesters chant for five demands during street protests on Hennessy Road, Wan Chai, Hong Kong, China on July 1, 2020.Tommy Walker | NurPhoto | Getty ImagesAbout 370 protesters were arrested in Hong Kong on Wednesday…
DuckDuckGo goes offline in India; privacy focused search…
BENGALURU: Privacy focused search engine DuckDuckGo is not working in India, which the company said was not due to any technical glitch on its part and was talking to internet servcie providers in the country…
PIL to e-register documents during COVID pandemic: HC…
NEW DELHI: The Delhi High Court on Thursday sought response of the Centre and AAP government on a PIL seeking e-registration of documents at all sub-registrar offices in view of the COVID-19 pandemic. A bench…
JPMorgan, Bank of America, Citi and Goldman maintain…
Nearly all of the largest U.S. banks said Monday that they performed well enough on the Federal Reserve's most-recent stress test to maintain their current quarterly dividend.Goldman Sachs, Bank of America, Morgan Stanley, JPMorgan Chase…
Scarcity premium? After 150% rally in 2020, an…
New Delhi: Energy-to-telecom Reliance Industries (RIL) impressed Dalal Street all through June quarter with a series of stake sales in Jio Platforms and India’s biggest ever rights issues. Investors rewarded the company by doubling the…