The worse is yet to come as nationwide store closures and prohibition to leave the house will weigh heavily on the services economy, says economist Joe Hayes of IHS Markit India’s services sector activity contracted during March as the COVID-19 pandemic dented demand, particularly in overseas markets, while public health […]
Read moreFed's Bullard: Another coronavirus economic relief bill might not be needed
Fed’s Bullard: This is a special quarter in history as coronavirus impacts economy St. Louis Federal Reserve President James Bullard on the ‘unprecedented’ financial impact of the coronavirus. WASHINGTON (Reuters) – A top official at the U.S. Federal Reserve said on Sunday the $2.3 trillion economic relief bill approved by […]
Read moreWith children off school and gaming online, parents face shock bills
Arguments between parents and children about screen time and online gaming are set to escalate with UK schools closed for the foreseeable future. Concern was already growing among parents and children’s charities about the increasing monetisation of popular computer, console and video games. Almost half of parents of children aged […]
Read moreCoronavirus | How will the three-month moratorium on EMIs impact customers?
Will this mean EMIs are being waived for three months? The story so far: On March 27, the Reserve Bank of India (RBI) slashed interest rates to counter the economic fallout of the coronavirus pandemic. It also announced other relief measures, which included permitting banks to provide a three-month moratorium […]
Read moreAfter coronavirus: ‘We can’t go back to business as usual’
Will the coronavirus change the way we spend, shop and invest our money, long after the virus is history? Will we abandon city centre offices, with many more permanently working from home? Or will we return to all our past practices once this grim episode is over? Guardian Money asked […]
Read moreCoronavirus has changed economic history: Morgan Stanley strategist
Coronavirus causing global economy to experience historic drops Morgan Stanley emerging markets head Ruchir Sharma says the economic decline the world is feeling from coronavirus could be at its worst since the 1940s due to how quickly it’s changed in such a short period of time. Get all the latest […]
Read moreMarch jobs numbers even sadder than the official report sounds
Pan-dammit, the employment numbers for March were truly shocking! That doesn’t understate what can be said about the employment report for last month that was released by the Labor Department Friday morning. It was so shocking, in fact, that it’ll make the experts reconsider how bad the job numbers are […]
Read moreUS doubles interest rate on small business loans after lenders complain
SBA administrator worried about all 30 million small businesses Treasury Secretary Steven Mnuchin says the Trump administration wants small businesses to reopen and succeed. Small Business Association Administrator Jovita Carranza says she wants employees to be ready, not lost. Get all the latest news on coronavirus and more delivered daily […]
Read moreHow to recertify your student loan income-driven repayment plan?
If you’re on an income-driven repayment plan, you need to recertify your income and renew your plan each year. Learn how to do that here. Income-driven repayment plans cap your monthly student loan payments between 10 to 20 percent of your available monthly income with the specific amount depending on the […]
Read moreU.S. Trade Deficit Shrinks To Narrowest Since September 2016
Reflecting a steep drop in the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed significantly in the month of February. The Commerce Department said the trade deficit narrowed to $39.9 billion in February from a revised $45.5 billion in January. The […]
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