u.s. economy news today
- ECONOMY
I Got Vaccinated, Then I Got Covid. What Happened?
(Bloomberg Opinion) — Mary Duenwald, a Bloomberg Opinion editor, tested positive for Covid-19 even after receiving both doses of the Pfizer…
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World’s Worst Covid Crisis Is Unfolding in Brazil, Where No Fix Seems to Work
(Bloomberg) — More than a year after a spiked virus launched a murderous campaign across the globe, most countries have…
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Jalapeño Popper Chicken Is More Interesting Than Any Old Sandwich
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column…
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Covid-19 Recovery Pulse – E-Way Bills, GST Collections Remain Buoyant In February: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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The Next Big Leap In India’s e-Governance
In Homeland Security Mobile-based emergency services and disaster management are the key areas of focus in e-Governance, which also involves…
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Russia’s Hot IPO Is an $8 Billion Bet On Frugality
(Bloomberg Opinion) — There are few more eloquent expressions of faltering Russian living standards than the rise and rise of…
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Two-Wheeler Retail Sales Fall For Fourth Straight Month
Sales of two-wheelers at dealerships stayed below the pre-pandemic level as registrations fell for the fourth straight month amid waning…
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Cognizant Announces Bonus, Promotions For Employees
IT services major Cognizant on Thursday said it is offering bonuses that are “substantially higher than 2019” and has promoted…
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Wipro’s Acquisition Of Capco – A Bold Move: IDBI Capital
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Luokung Sues To Get Off Trump Blacklist of Chinese Companies
(Bloomberg) — Luokung Technology Corp. asked a U.S. court to reverse its last-minute inclusion by the Trump administration on a…
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Analysts’ Take On Wipro’s Acquisition Of Capco
Analysts see a successful completion of Wipro Ltd.’s acquisition of Capco as key to aid the software services provider’s U.S.…
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India’s Top-20 Leviathans’ Awe-Inspiring Dominance
Superior Access To Talent And Tech The rising role of technology in driving not just business efficiencies, but also in…
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Markets Live: SGX Nifty Indicates Losses; Wipro, Heranba, IRCTC In Focus
Good Morning! Indian equities snapped a three-day winning streak on Thursday on account of expiry related volatility and weak global…
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I Wrote a Book on Chinese History. It Was Stolen By Pirates on Alibaba
(Bloomberg Opinion) — I’m a victim of Chinese pirates. Not the seafaring cutthroats with parrots on their shoulders. The treasure…
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The Future of Money Is Digital, But Is It Bitcoin?
(Bloomberg Opinion) — The idea that much of today’s cash use will shift to digital tokens is neither faddish nor outlandish, as…
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House Panel Probes Opioid Companies on Tax Breaks for Legal Fees
(Bloomberg) — The House Oversight and Reform Committee is probing whether executives at four drug industry companies plan to use…
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U.S. Senate Votes to Take Up $1.9 Trillion Pandemic Relief Bill
(Bloomberg) — The U.S. Senate voted to take up a $1.9 trillion pandemic relief bill backed by President Joe Biden,…
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Passenger Car Registrations Beat Pre-Covid Level For Fourth Straight Month
Sale of passenger cars at dealerships stayed above the pre-pandemic March level for the fourth straight month even as overall…
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NYC Investor Spent $1.5 Million on June Democratic Voter Push
(Bloomberg) — More than 22,500 New Yorkers switched to the Democratic Party amid a $1.5 million campaign led by venture…
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Hiring Activities Rose In February, Shows Naukri JobSpeak Index
Digitisation and automation drove record sequential growth of 22% in all hiring activities in February, according to a report. Hiring…
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Cement Industry Update And Outlook For FY21: CARE Ratings
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Baidu Said to Win Hong Kong Bourse Approval for Second Listing
(Bloomberg) — Chinese search engine giant Baidu Inc. has secured approval from the Hong Kong stock exchange for a second…
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Technology Sector Check – Consensus Expectations On Growth Acceleration Will Likely Witness A Reset: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Textile Sector Check – Global Levers Supporting Domestic Growth: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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In Lockdown Brazil, Everyone Is Watching Big Brother
(Bloomberg Opinion) — After a year battling worsening Covid-19, and with new variants on the loose, Brazilians still face bouts…
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Back to Work: What Recovery Felt Like for Millions of Americans
(Bloomberg) — It’s been a year since Covid-19 triggered the steepest economic collapse in modern U.S. history, with more than…
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Biden’s Relief Debate, Fed Policy, U.S.-U.K. Tariffs: Eco Day
The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday, with passage…
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Where Are We in Finding the Coronavirus’s Origin?
(Bloomberg) — More than a year after Covid-19 touched off the worst pandemic in more than a century, scientists have…
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Senate Final Vote on Stimulus Likely Pushed Into Weekend
(Bloomberg) — The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday,…
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Mahindra Logistics’ Large-Ticket Deal Win: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Cadila Healthcare – Experimental Drug Copper Histidinate Approval Prospects High And Can Be A Decent Opportunity: Nirmal Bang
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Indian Vaccine Effective; Rugby Sevens Return: Virus Update
(Bloomberg) — An experimental vaccine developed by India’s Bharat Biotech International Ltd. showed 81% efficacy in an interim clinical trial.…
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Morgan Stanley Upgrades PNB, BoB; Says SBI Top Pick Among PSU Banks
As balance sheets and capital ratios of public sector lenders improve, Morgan Stanley prefers State Bank of India to play…
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Analysts’ Take On Adani Ports’ Acquisition Of Gangavaram Port Stake
Analysts remained bullish on Adani Ports and Special Economic Zone Ltd. after it agreed to buy a Rs 1,954-crore stake…
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Sterlite Tech Says Optical Fibre Price Correction Won’t Impact Growth
Sterlite Technologies Ltd., one of the biggest providers of optical fibre cable to telecom and broadband operators in India, is…
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Rupee And Bond Update – March 04, 2021: Reliance Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Huhtamaki India – Pandemic Led Disruptions Hit Performance: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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EPFO To Decide On FY21 Interest Rate Amid Drop In Formal Sector Contribution
Deciding On The Rate Of Interest The EPFO’s central board of trustees led by Labour and Employment Minister Santosh Kumar…
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Gujarat State Petronet’s Concerns Ease As Parent’s Debt Declines: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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What Jhunjhunwala, Damani And Other Veteran Investors Bought And Sold In December Quarter
Indian equities recovered all of their pandemic-driven losses in the quarter ended December on hopes that Covid-19 vaccination and stimulus…
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Japan’s Genesia Leads $700,000 Vietnam Digital Media Investment
(Bloomberg) — Japan’s Genesia Ventures Inc. led a $700,000 investment in Vietnam startup Vietcetera Media targeting the nation’s growing middle…
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Indian Vaccine Effective; Record Deaths in Brazil: Virus Update
(Bloomberg) — An experimental vaccine developed by India’s Bharat Biotech International Ltd. showed 81% efficacy in an interim clinical trial.…
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Snowflake Falls on Slower Product Sales Growth Forecast
(Bloomberg) — Snowflake Inc. dropped in extended trading after projecting its product revenue growth will slow in the current quarter…
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Junk Bonds Prove to Be a Shelter From the Rates Storm
(Bloomberg Opinion) — The junk-bond market has never offered such low yields. And yet, it might just be the best…
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House Set to Pass Elections Overhaul, But Senate Action Unlikely
(Bloomberg) — House lawmakers are slated to pass a landmark bill Wednesday that would overhaul nearly every aspect of U.S.…
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Security Guards Face the Hazardous Job of Enforcing Covid Rules
(Bloomberg Businessweek) — One Sunday last May, Karmen Kolda arrived early for his 11 a.m. shift as a security guard…
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BloombergQuint Wins Gold At WAN-IFRA South Asian Digital Media Awards 2020
BloombergQuint has won a Gold at the South Asian Digital Media Awards 2020, presented by WAN-IFRA. BQ Blue, BloombergQuint’s premium…
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Now Could Be Buffett’s Moment to Lend America a Hand
(Bloomberg Opinion) — From a new presidential slogan of “Build Back Better” to an economy strained by supply chain problems…
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Government Brings Insurance Brokers Within Ombudsman Ambit
The government has amended insurance ombudsman rules, bringing insurance brokers within their ambit and also allowed policyholders to file online…
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Bank Of Baroda Raises Rs 4,500 Crore Through QIP
State-owned Bank of Baroda has raised Rs 4,500 crore equity capital through qualified institutional placement. The capital raising committee of…
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