Economy

How US employee emergency savings accounts bolstering financial security

 How US employee emergency savings accounts bolstering financial security

Highlights More US companies have launched employee emergency savings accounts to attract and retain staff members. Taking a cue from the covid crisis, the initiative is expected to provide Americans with an extra layer of financial security i...

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Joe Biden To Present His First Full Budget

Joe Biden To Present His First Full Budget

President Joe Biden is set to present his first full budget for the fiscal year 2022 today, which would give more insights into his proposed spending in major areas including education, healthcare, foreign aid and immigration policy as well as other ...

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GOP To Make A Counteroffer of US$1trillion To Biden's Infra Plan

GOP To Make A Counteroffer of US$1trillion To Biden's Infra Plan

Summary President Biden is pursuing bipartisan support for the bill, which seeks to revamp the country's infrastructure, including roads, bridges, airports, and other facilities. Republican senators were confident that the new offer would be ag...

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US Home Prices Surge To 15-Year High Amid Scarce Supply

US Home Prices Surge To 15-Year High Amid Scarce Supply

Summary Home prices in 20 major US cities have gone up due to high demand and low supply. There were 1.07 million homes on sale in March, 28.2% lower than last year’s figure. Economists say that prices will remain high due to the shortag...

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5 Reasons to Worry About Growing Inflation Anxiety

5 Reasons to Worry About Growing Inflation Anxiety

Inflations concerns among investors and experts have taken shape over the past few months. Fears are mounting that a strong post-COVID recovery could spur consumer spending and a resultant price increase in economies, like the US. At a time when i...

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BofA Joins Amazon, McDonald’s In Raising Minimum Wage

BofA Joins Amazon, McDonald’s In Raising Minimum Wage

Bank of America Corporation (NYSE: BAC) is the latest to join corporate America in raising the minimum hourly wages for workers. Amazon.com, Inc. (NASDAQ: AMZN) and McDonald's Corporation (NYSE: MCD) had earlier announced to hike the minimum hourly...

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What do Rising Bond Yields Indicate About the Economy?

What do Rising Bond Yields Indicate About the Economy?

Summary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowdown. Interest rates are inversely linked to bond prices due to the time-honoured tradition of dem...

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Did Colonial Pipeline Attack Drive US Oil Prices Up?

Did Colonial Pipeline Attack Drive US Oil Prices Up?

Summary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of gasoline. Russia-based hackers’ group Darkside had carried out the attack for ransom. Ga...

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What are the Factors Impacting Bond Yields?

What are the Factors Impacting Bond Yields?

Summary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing in bonds rather than stocks, and bond yields fall. The bond yields rise in case of economic growth...

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Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX Stocks- TRU, OCA, TAH, FPH, and GXH

Will Women’s Health Be A Priority In NZ’s Budget 2021? 5-Related NZX Stocks- TRU, OCA, TAH, FPH, and GXH

  • May 17, 2021 10:37 PM PDT
  • Sonal

With the New Zealand Government due to announce the budget in 2 days, all eyes are set on the areas where investments will be made, and the extent to which, it will fulfil the hopes of Kiwis. In the pre-budget speech on May 4, Finance Minister Grant...

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Can inflation woes spark a firestorm in global markets?

Can inflation woes spark a firestorm in global markets?

The global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...

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