BUSINESS

COVID surge, vaccine shortages spread beyond India’s borders

American jobless claims drop 13,000 to 553,000 as economy heals

7:04 pm April 29, 2021

Washington: The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession. The Labor Department reported Thursday that jobless claims were down from 566,000 a week earlier. They have fallen sharply […]

Biden’s declaration: America’s democracy ‘is rising anew’

6:59 pm April 29, 2021

WASHINGTON: President Joe Biden declared that “America is rising anew” as he called for an expansion of federal programs to drive the economy past the coronavirus pandemic and broadly extend the social safety net on a scale not seen in decades. Biden’s nationally televised address to Congress, his first, raised the stakes for his ability […]

Encounter on between security forces, terrorists in Poonch

US economy accelerated at a robust 6.4% rate last quarter

6:53 pm April 29, 2021

Washington: Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession. Thursday’s report from the Commerce Department estimated that the nation’s […]

Stock indexes edge lower, pulling S&P 500 below record high

10:48 pm April 27, 2021

New York: Stocks edged lower on Wall Street in afternoon trading Tuesday as investors pored over the latest batch of company earnings. The slight pullback comes a day after the S&P 500 hit its latest all-time high. The market has been choppy over the last few weeks as investors gauge how companies fared during the […]

Gold falls marginally; silver declines Rs 909

7:33 pm April 23, 2021

New Delhi: The price of gold was marginally lower by Rs 24 to Rs 47,273 per 10 gram in the national capital on Friday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,297 per 10 gram. Silver also declined Rs 909 to Rs 68,062 per kg, from Rs […]