Month: May 2021

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As Covid rages on, India is expected to report a 1% growth in the quarter ending March

Covid-19 vaccination drive at a Government health centre during Covid-19 emergency in Kolkata, India, 03 May, 2021. Pfizer in talks with India over expedited approval for Covid-19 vaccine according to an Indian media report. Indranil Aditya | NurPhoto | Getty Images India’s economy is expected to have improved in the three months that ended in …

As Covid rages on, India is expected to report a 1% growth in the quarter ending March Read More »

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Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed

Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection. GHI | Universal Images Group | Getty Images A century ago this week, the wealthiest U.S. Black community was burned to the ground. At the turn of the 20th century, the Greenwood …

Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed Read More »

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Millions of Americans could face eviction as housing protection expires in June

No-Mad | iStock | Getty Images More than 11 million Americans are behind on their rent and many could be pushed from their homes when the national eviction ban expires in June. The Centers for Disease Control and Prevention’s eviction moratorium, which has been in effect since September, will lift on June 30. Although the …

Millions of Americans could face eviction as housing protection expires in June Read More »

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Singapore’s Covid restrictions may be relaxed after June 13 if situation improves

Lee Hsien Loong, Singapore’s prime minister. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong said Monday that the country’s Covid restrictions may be relaxed after June 13 if the situation improves. “Barring another super-spreader or big cluster, we should be on track to bring this outbreak under control,” …

Singapore’s Covid restrictions may be relaxed after June 13 if situation improves Read More »

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Lackluster hiring in China as economy struggles to reach full recovery, data shows

A worker is seen in the workshop of a factory manufacturing medical devices in Lianyungang, Jiangsu province, China. Reuters BEIJING — Chinese businesses are letting go of more workers than they are hiring, even though the economy is seeing some recovery from the pandemic, official data showed Monday. That’s based on a survey from the …

Lackluster hiring in China as economy struggles to reach full recovery, data shows Read More »

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Malaysia stocks down 1% as country heads for ‘total’ Covid lockdown

A man wearing a facemask as a protection against Covid-19 walks past two Malaysian flags in capital city Kuala Lumpur. Faris Hadziq | SOPA Images | LightRocket via Getty Images Stocks in Malaysia fell in early Monday trade as the government announced a nationwide “total lockdown” to curb the rapidly rising daily Covid-19 infections in …

Malaysia stocks down 1% as country heads for ‘total’ Covid lockdown Read More »

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With theme parks set to rebound this summer, travel advisors share trip tips

Social media personalities Dixie D’Amelio and Noah Beck at Disney California Adventure Park at the Disneyland Resort on May 2, 2021 in Anaheim, California. Handout | Getty Images Entertainment | Getty Images The Covid pandemic made the past 14 months a literal roller coaster of a ride for both theme parks and their fans. Parks …

With theme parks set to rebound this summer, travel advisors share trip tips Read More »

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‘A Quiet Place’ sequel nabs highest opening weekend box office of the pandemic

In this article VIAC DIS Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II.” Paramount The box office was anything but quiet over the weekend. John Krasinski’s “A Quiet Place Part II,” the sequel to his 2018 directorial debut, garnered $48.4 million over the weekend so far, the highest of …

‘A Quiet Place’ sequel nabs highest opening weekend box office of the pandemic Read More »

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Stocks making the biggest moves after hours: Salesforce, Ulta Beauty, HP and more

In this article HPQ DELL ULTA CRM Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell:  Salesforce — Salesforce shares jumped 5% in extended trading after the cloud-based software company posted …

Stocks making the biggest moves after hours: Salesforce, Ulta Beauty, HP and more Read More »

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These are Wall Street’s top analysts favorite stocks heading into June

An employee preps a John Deere & Co. excavator for sale at Martin Equipment in Rock Island, Illinois. Daniel Acker | Bloomberg | Getty Images With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way for further economic re-opening this summer.   We used TipRanks …

These are Wall Street’s top analysts favorite stocks heading into June Read More »

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Hard seltzer’s popularity propels the rise of another summer drink—the canned cocktail

Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020. Smith Collection/Gado | Archive Photos | Getty Images This summer’s hottest cocktail comes in a can. Between 2019 and 2020, the premixed cocktail category grew by 50% in the United States, according to industry tracker IWSR. …

Hard seltzer’s popularity propels the rise of another summer drink—the canned cocktail Read More »

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U.S. banks are poised for ‘record level’ earnings in 2021, says IIF

In this article GS BAC JPM U.S. banks are likely to report “record level” earnings in 2021 as the American economy recovers and financial markets remain buoyant, according to the Institute of International Finance, an industry association. Tim Adams, chief executive of the IIF, said Friday that the improving economy will help bank lending and …

U.S. banks are poised for ‘record level’ earnings in 2021, says IIF Read More »

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Student debt rises as the future of loan forgiveness remains uncertain

Because of the coronavirus pandemic, the price of higher education is an even bigger consideration for students and their families than usual. At the same time, the cost of a four-year college or university has never been higher. For the 2020-21 academic year, average tuition and fees increased 1.1% for in-state students at four-year public colleges, reaching $10,560, …

Student debt rises as the future of loan forgiveness remains uncertain Read More »

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Americans are expected to spend about $4.7 billion on gas over Memorial Day weekend

Americans are expected to spend roughly $4.7 billion on gas during the Friday through Monday of Memorial Day weekend, according to GasBuddy, an app and website focused on finding real-time fuel prices. That breaks down to about $1.18 billion spent on gas each day, give or take $1 million, Patrick De Haan, head of petroleum …

Americans are expected to spend about $4.7 billion on gas over Memorial Day weekend Read More »

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office

Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch – except when big companies want to get their employees back to the office during a pandemic. Employers including banks and asset managers, technology companies and law firms are ramping up back-to-work plans as more …

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office Read More »

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Car shoppers, seeking Memorial Day deals, face high prices, few discounts and low inventory

Daniel Acker | Bloomberg | Getty Images Car shoppers hoping to cash in on Memorial Day weekend sales events may want to rein in their expectations. On top of reduced inventory due to a shortage of microchips — key parts needed for today’s autos to operate — and unrelenting consumer demand pushing prices higher, there …

Car shoppers, seeking Memorial Day deals, face high prices, few discounts and low inventory Read More »

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Southwest Airlines pauses plans to resume alcohol service after flight attendant assaulted

A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Southwest Airlines said it is delaying plans to resume serving alcoholic beverages, after one of its flight attendants was assaulted and …

Southwest Airlines pauses plans to resume alcohol service after flight attendant assaulted Read More »

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AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%

An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Shares of AMC Entertainment jumped double digits in premarket trading on Friday as Reddit traders kept piling into the speculative name this week. The stock popped …

AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116% Read More »