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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What is PMI and why is it important?

What is PMI and why is it important?

The Purchasing Managers’ Index (PMI) has been in news all through the last two weeks. Many countries across the world released their PMI numbers for the month of May – which determined the trend in their stock markets. So, what is PMI? ...

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How Biden Plans To Cut 50% Emissions By 2030

How Biden Plans To Cut 50% Emissions By 2030

The Joe Biden administration has set a target of a 50% reduction in greenhouse gas emissions in the US by 2030 as part of an ambitious plan to tackle the climate crisis head-on. The plan was announced during the Leaders' Summit on Climate, hosted ...

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US Adds 559,000 Jobs In May But Labor Recovery Far From Over

US Adds 559,000 Jobs In May But Labor Recovery Far From Over

Summary Number of new jobs grew up by 559,000 in May, double that of April. Still, it may take more than a year for full recovery of the job market. The US had over 9.3 million unemployed people in May. US employers added 559,000 jobs in ...

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US Oil Prices Soar As Summer Kicks In

US Oil Prices Soar As Summer Kicks In

Summary Oil prices are expected to rise further in the US as demand is set to increase with the onset of summer when Americans typically embark on vacations to beat the heat. On Tuesday, the Organization of Petroleum Exporting Countries (OPEC)...

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Why Do Markets Not React Much To GDP Data?

Why Do Markets Not React Much To GDP Data?

The COVID-19 pandemic wreaked havoc last year, turning the world upside down. While the world economy was probably hammered with one of the worst recessions since 1930s, the stock markets were going gaga. Markets started to seem tone-deaf to the act...

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California’s Car Culture Shows The Way In Climate Fight

California’s Car Culture Shows The Way In Climate Fight

  Californians do not just love their cars, but they are also leading the way in reducing vehicular pollution in the fight against climate change. Vehicular pollution has been a major issue in the state, known for its cliff-lined sparkling sand...

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Key Takeaways From US Federal Budget For Fiscal 2022

Key Takeaways From US Federal Budget For Fiscal 2022

U.S. President Joe Biden on Friday presented the full budget for fiscal year 2022 that seeks to spend US$6.013 trillion, up from US$4.174 trillion in fiscal 2021. The budget includes Biden’s previously announced American Families Plan and Amer...

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US FY 2022 Budget: Key Sector Allocation

US FY 2022 Budget: Key Sector Allocation

President Joe Biden unveiled his US$6 trillion FY 2022 budget on Friday, May 28. It has been prepared in keeping in mind two broad areas of action: the American Job Plan and the American Families Plan. The plans detail the priority areas of activity...

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US Budget FY2022: Infrastructure, Healthcare Get Top Priority

US Budget FY2022: Infrastructure, Healthcare Get Top Priority

President Joe Biden on Friday, May 28, unveiled his maiden budget for the fiscal year 2022, giving top priority to infrastructure, healthcare, and climate change, as he gets ready for a major overhaul of the US economy. The spending plan is focuse...

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President Biden’s FY22 Budget: What To Watch

President Biden’s FY22 Budget: What To Watch

Summary President Joe Biden to push for a US$6 trillion Federal Budget for FY2022. Spending on social security, healthcare, and infrastructure to get priority. Higher taxes for wealthy Americans and corporate giants on the cards. Presiden...

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