Economy

NYSE: Stocks turn choppy as investors weigh earnings, recovery

10:50 pm April 29, 2021

New York: Stocks wobbled between small gains and losses in afternoon trading as investors continued to digest corporate earnings reports and the latest economic data. A report showing that the U.S. economy grew sharply in the first quarter is among the latest data pointing to an diminishing impact from the pandemic. Other upbeat reports included […]

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 […]

Financial package continues govt’s efforts to help all sections of society: PM

10:07 pm November 12, 2020

New Delhi: Prime Minister Narendra Modi has asserted that the “Aatmanirbhar Bharat” package announced on Thursday continues his government’s efforts to help all sections of society. In a tweet, he said these initiatives will help create jobs, alleviate the stressed sectors, ensure liquidity, boost manufacturing, energise the real estate sector and support farmers. Finance Minister […]

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