u.s. economy news today
- ECONOMY
China’s Nio Misses Profit Forecast Even as Vehicles Sales Grow
(Bloomberg) — Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government…
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Zoom Projects Annual Sales Signaling Growth After Pandemic
(Bloomberg) — Zoom Video Communications Inc. projected annual revenue that would top analysts’ estimates, signaling the video meeting service expects…
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Biden Ends Trump’s ‘Remain in Mexico’ Rule, and a Border Camp Empties
(Bloomberg Businessweek) — For 10 months, Francisco Caal lived with hundreds of other asylum seekers in a tent city across…
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Private Equity Has $300 Billion for Pandemic-Hit Real Estate
(Bloomberg) — Real-estate bosses at Blackstone Group Inc. quietly smiled when Britain’s biggest-selling tabloid unwittingly endorsed their largest European real…
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WHO Warns of Rebound; NYC Variant Under Scrutiny: Virus Update
A new Covid variant detected in New York is being watched “very, very closely” by U.S. health officials, Anthony Fauci…
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Gold Set for Fifth Straight Drop as Treasury Yields Resume Gains
(Bloomberg) — Gold erased gains, heading for a fifth straight decline as benchmark U.S. Treasury yields advanced. The rate on…
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Biden Putting Tech, Not Troops, at Core of U.S.-China Policy
(Bloomberg) — The Biden administration is moving to put semiconductors, artificial intelligence and next-generation networks at the heart of U.S.…
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How Covid’s Toll Compares With Other Things That Kill Us
At 500,000 and counting, U.S. Covid fatalities are now a lot higher than annual deaths from most of those other…
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Prime Minister Modi, Amit Shah And Other Leaders Take Covid Vaccine As Phase II Starts
Prime Minister Narendra Modi, Home Minister Amit Shah and Vice President Venkaiah Naidu were among the host of top leaders…
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Jubilant Foodworks – Buying In-The-Money Options: 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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Covid-19 Impact: Bank Of Baroda Reports Elevated Stress Ahead Of Share Sale
Public sector lender Bank of Baroda has reported elevated levels of stress ahead of its Rs 4,500-crore qualified institutional placement.…
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Telecom Spectrum Auction: Bids Worth Rs 77,146 Crore Received On Day 1
India’s first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day on Monday…
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Fed’s Brainard Sets Out Reform Plan for Covid-Stressed Markets
(Bloomberg) — Federal Reserve Governor Lael Brainard described a broad regulatory reform agenda for the coming months aimed at fixing…
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This Company Helps Roughnecks Find Renewable Energy Jobs
(Bloomberg) — Alfred Burt grew up following his father across the oil patches of Texas. He carried on the family tradition,…
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Teacher Vaccine Eligibility Expands While Supply Lags
(Bloomberg) — Within weeks, teachers in most U.S. states will be eligible for Covid-19 vaccines. It’s unclear whether school openings…
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IEX – New Product Launches Aiding Market Share Gains: 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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Dairy Sector Check – Higher Freight Cost And Increase In Global SMP Prices: 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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Retail, Large Industry Share In Fresh Credit Shrinks, Loans To Services Segment Surge: RBI
Slower Retail Growth The Covid-19 lockdown and the weak macroeconomic conditions had a direct impact on even the most secure…
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Sugar Industry Update: 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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U.K. Mortgage Approvals Ease as End of Tax Relief Approaches
(Bloomberg) — U.K. mortgage approvals dipped in January as the end of a tax cut on property purchases approached. Banks…
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Short-Term Overnight Indexed Swaps Can Help Predict Monetary Policy, RBI Study Finds
Overnight indexed swap rates provide a credible way to measure the market’s expectations of the future path of the repo…
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Voting Rights Challenged at Supreme Court as States Change Rules
(Bloomberg) — Voting-rights advocates are worried as the U.S. Supreme Court prepares to hear arguments in an Arizona case that…
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MTAR Technologies IPO – A Strong Player In Booming High Precision Engineering: Geojit
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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India’s Manufacturing PMI Remains Steady In February
A gauge of activity across India’s manufacturing sector remained steady despite cost inflation pressures. The IHS Markit India Manufacturing Purchasing…
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Cholamandalam Investment Stock Hits A Record High After Morgan Stanley’s Bullish Rating
Shares of Cholamandalam Investment and Finance Ltd. jumped to a record high after Morgan Stanley initiated coverage on the financial…
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Why Higher Crude Prices Alone Won’t Determine Fortunes Of ONGC, Oil India
Some analysts, however, expect demand to taper if oil prices remain above the $75-mark. Probal Sen, oil and gas analyst…
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A Property Boom Built on Invisible Slums
(Bloomberg Opinion) — A booming stock market at a time of pandemic recession and widening inequality is an unfortunate combination,…
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Big Pot Companies Target Northeastern States: Cannabis Weekly
(Bloomberg) — Some of the biggest cannabis companies in the U.S., from Terrascend Corp. to Curaleaf Holdings Inc., are preparing…
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Startup Street: Time To Billion-Dollar Status Has Nearly Halved Since India’s Earliest Unicorns
Two months into 2021 and India has already seen three companies turn unicorns, highlighting that startups are getting to the…
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Discom Dues To Power Producers Rise 24% To Rs 1.36 Lakh Crore In December
Total dues owed by electricity distribution companies to power producers rose nearly 24% over a year earlier to Rs 1,36,966…
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Bed Bugs Shied Away With Less Pandemic Travel. They’re Not Gone
They latch onto clothes and luggage in search of human blood. But less travel during the Covid-19 pandemic has helped…
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RBI Relaxes Norms For FPI Investment In Bonds And Debentures Under Default
India’s central bank has relaxed norms relating to investment by foreign portfolio investors in non-convertible debentures or bonds which are…
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ByteDance to Boost Education Business With 13,000 New Hires
(Bloomberg) — Chinese social media titan ByteDance Ltd. plans to hire an additional 13,000 employees this year for its education…
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Maruti Suzuki Crosses 20 Lakh Cumulative Exports Mark
The country’s largest carmaker Maruti Suzuki India Ltd. on Saturday said it has achieved the milestone of 20 lakh cumulative…
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India Q3 GDP: Economists’ Take
India’s GDP grew after two straight quarters of contraction. But the Q3 data threw up a few surprises. Government expenditure…
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J&J Gets FDA Panel’s Nod; CDC Issues Warning: Virus Update
(Bloomberg) — Johnson & Johnson’s single-shot coronavirus vaccine won the backing of a panel of U.S. government advisers, paving the…
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Why Texas Broke: The Crisis That Sank the State Has No Easy Fix
(Bloomberg Businessweek) — The Houston skyline was lit pink for Valentine’s Day. It was cold—really cold, at least by the…
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Power Retailers Contest Exorbitant Energy Charges: Texas Update
(Bloomberg) — Texas lawmakers are grilling power executives, regulators and others for a second day about why the state’s energy…
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Israeli-Owned Cargo Ship Struck by Explosion in Persian Gulf
(Bloomberg) — An unexplained blast struck an Israeli-owned cargo ship in the Persian Gulf, at a time of rising frictions…
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Finance Ministry Says GDP Growth Shows Economy Back To Pre-Pandemic Times
The gross domestic product growth of 0.4% in the December quarter shows that the economy has returned to pre-pandemic times…
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NHAI Daily Toll Collection Through FASTag Reaches Record Rs 104 Crore
National Highways Authority of India on Friday said its daily toll collection through FASTag has reached about Rs 104 crore.…
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Amara Raja Batteries – Shifting Technology Landscape Remains Reality: 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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Top 10 Business, Markets News In Under 5 Minutes: BQuick On Feb. 26
Here’s a roundup of the day’s top stories in brief. 1. India Exits Recession, As Expected Pent-up demand, festive spending…
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The Right Mantra For Tax Saving + Wealth Creation
*This is in partnership with BloombergQuint BrandStudio It’s that time of the year again—the financial year is coming to an…
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Nestle Considers Options To Directly Sell To Consumers
Nestle India Ltd. is exploring options to sell directly to consumers as the pandemic forced people to turn to the…
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India Beats China at Its Own Game in Vaccine Diplomacy Fight
(Bloomberg) — India’s huge capacity to make coronavirus vaccines is helping the country take on China in the battle to…
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Bond Rout Shows Risk of Uneven Recovery in World’s Top Economies
(Bloomberg) — The U.S. economy appears primed to recover from the Covid-19 slump much faster than others, causing havoc on…
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Judge in Google Case Disturbed That Even ‘Incognito’ Users Are Tracked
(Bloomberg) — When Google users browse in “Incognito” mode, just how hidden is their activity? The Alphabet Inc. unit says…
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Local Hazards Grow as Americans Churn Out More Garbage
(Bloomberg) — As U.S. cities struggle to rein in garbage while propping up pricey recycling efforts, more companies are profiting…
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When Does a Commodities Boom Turn Into a Supercycle?
(Bloomberg) — A surge in commodity prices has Wall Street banks gearing up for the arrival of what may be…
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