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…
Almost 40% of Americans plan to spend less…
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020.Mark Makela | ReutersAlmost 40% of Americans plan to spend less on gifts this holiday season than they did last…
Public sector modernisation, public-private partnership with use of…
Public-private partnership and the modernisation of the public sector through the use of technology will be crucial to recovery post the Coronavirus pandemic, said Microsoft chief executive officer Satya Nadella. He added that it will…
Tesla to replace Apartment Investment and Management in…
Tesla will replace Apartment Investment and Management Co. in the S&P 500 when the electric vehicle company joins the index before trading begins on Dec. 21, S&P Dow Jones Indices said Friday.Tesla will also be…
Cramer calls IPO pricing ‘broken’ and ‘embarrassing’ after…
CNBC's Jim Cramer on Friday sharply criticized how investment bankers handled the recent initial public offerings for companies such as DoorDash and Airbnb, two tech companies that saw major pops in their stocks after they…
Central Bank of India to raise up to…
State-owned Central Bank of India on Friday said it will raise up to Rs 500 crore by issuing Basel III compliant bonds. "The capital raising committee of the board of directors of the bank at…
FDA approves Pfizer’s Covid vaccine for emergency use…
A woman holds a small bottle labeled with a "Coronavirus COVID-19 Vaccine" sticker and a medical syringe in front of displayed Pfizer logo in this illustration taken, October 30, 2020.Dado Ruvic | ReutersThe Food and…