Business

U.S. budget deficit hits record high for March as aid swells outlays

FILE PHOTO: U.S. currency is seen in this picture illustration taken March 6, 2020. REUTERS/Mike Segar/Illustration/File PhotoWASHINGTON (Reuters) -The U.S. government posted a March budget deficit of $660 billion, a record high for the month, as direct payments to Americans under President Joe Biden’s stimulus package were distributed, the Treasury Department said on Monday. The […]

Business

U.S. budget deficit hits record high for March as aid payments swell outlays

FILE PHOTO: U.S. currency is seen in this picture illustration taken March 6, 2020. REUTERS/Mike Segar/Illustration/File PhotoWASHINGTON (Reuters) – The U.S. government posted a March budget deficit of $660 billion, a record high for the month, as direct payments to Americans under President Joe Biden’s stimulus package were distributed, the Treasury Department said on Monday. […]

Business

Anthropologie Group Names CEO; Parent Company Reveals Current Quarter Sales Update

Anthropologie Group is mixing up its C-suite.  Effective today, Tricia Smith is global chief executive officer of the women’s apparel, accessories and home furnishings brand, which is owned by Urban Outfitters Inc. “We are pleased to welcome Tricia into the URBN family,” Richard A. Hayne, CEO of Urban Outfitters Inc., said in a statement. “She […]

Business

PayPal Addresses the Growing Cost of Online Fraud with Protection Solution Launch

According to a new study, “The Real Cost of Online Fraud,” conducted by the Ponemon Institute and sponsored by PayPal, organizations have been seriously affected in the ability to protect online financial transactions against fraud in the last year. In its survey of 632 individuals familiar with their organizations’ efforts to prevent fraud and active […]

Business

Business confidence hits record high as firms see boost from pent-up demand

Confidence among Britain’s biggest businesses has hit a record high according to new figures published as parts of the economy reopen from lockdown. A quarterly poll by Deloitte of finance directors at leading UK companies showed optimism was at its highest level since the survey was launched 13 years ago. Sentiment has been boosted by […]

Business

Staying Afloat as Interest Rates Rise

The low rates that propelled the stock market’s boom are starting to rise, putting investors in a precarious position. Credit…Glenn Harvey Supported by By Jeff Sommer The stock market’s rally during the pandemic has been nothing short of amazing. But rising interest rates are raising the question of how long this bull market can last. […]

Business

Philip's death latest hammer blow for the Queen

LONDON (AFP) – The death of husband Prince Philip is the latest and heaviest blow to hit Britain’s Queen Elizabeth II, with family disputes and scandal rocking the monarch as her record-breaking reign draws to a close. Here are the crises faced by the 94-year-old monarch in recent months. Prince Harry and wife Meghan quit […]

Business

Stocks firm near record as easing U.S. inflation fears lift Wall Street

(Reuters) – Global stocks held firm near record highs on Friday as receding inflation fears in the United States pushed down bond yields and lifted Wall Street, though softness in Chinese shares capped gains in Asia.FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim […]

Business

S&P 500 scales new record high on tech boost

(Reuters) -The S&P 500 hit a record peak on Thursday, helped by gains in tech-related stocks as weaker-than-expected jobless claims data bolstered the Federal Reserve’s stance to keep interest rates lower for a longer period.FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March […]

Business

Analysis: Investments get 'real' as inflation fears dim appeal of bonds

LONDON (Reuters) – Electric vehicle infrastructure, top-end offices and industrial metals – with a resurgence in inflation seemingly on the horizon, investors are slashing their exposure to bonds in favour of “real” assets.FILE PHOTO: An ESB (Electricity Supply Board) electric vehicle charge point is seen in use in Dublin, Ireland, September 3, 2020. REUTERS/Clodagh Kilcoyne/File […]