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…
RBL to lead small banks’ capital charge with…
The revival in investor sentiment towards banks after a brutal sell off in the first quarter due to concerns on deposit outlfows and uncertainties related to Covid-19 has caused smaller banks to consider a share…
Insurers lobby for federal pandemic insurance program
One look at the numbers, and the problem is clear. U.S. businesses are losing an estimated $ 1 trillion a month as businesses are disrupted due to the coronavirus pandemic, according to estimates by the…
Analysts warn of ‘double edged sword’ in China…
Shareholders watch the stock market in a securities business hall. Nanjing, Jiangsu Province, China, 6 July 2020.Costfoto | Barcroft Media | Getty ImagesChina's recent stock market rally is raising fears that it's being driven by…
Work-from-home exemption extended for IT & ITeS industry…
NEW DELHI: The department of telecom has extended the exemption given to the IT & ITeS industry to work from home till December this year. The exemption was going to expire at the end of…
Here’s what a Biden presidency might mean for…
Democratic presidential candidate and former Vice President Joe Biden speaks at a "Build Back Better" Clean Energy event on July 14, 2020 at the Chase Center in Wilmington, Delaware.Olivier Douliery | AFP | Getty ImagesAn…
What are money market funds?
Money market mutual funds, as the name suggests, invest mostly in money market instruments. As per Sebi norms, these schemes must invest in money market instruments with maturity of up to one year. Money market…
We sailed through June and things are getting…
We are not out of the woods yet but we are definitely seeing green shoots, says Vibha Padalkar, MD &CEO. Q1 was expected to be a weak quarter because of the lockdown but despite the…
United Airlines loses $1.6 billion in the second…
A United Airlines Boeing 777-200 aircraftNicolas Economou | NurPhoto | Getty ImagesUnited Airlines posted a $ 1.63 billion net loss for the second quarter, driven by a plunge in air travel demand because of the coronavirus…