Finance

Drastic changes in monetary policy can turn the bond market upside down: Rajan

As the economy slowly emerges from the pandemic blues, former RBI Governor Raghuram Rajan warned on Sunday that “drastic changes” in India’s monetary policy may disrupt the bond market as the current system has helped to contain inflation and promote growth. Rajan, also a renowned economist, estimated that the government’s …

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BNP freezes $ 2.2 billion in subprime funds

Through Sudip Kar-Gupta, Yann Le Guernigou PARIS (Reuters) – First listed French bank, BNP Paribas BNPP.PA, on Thursday froze 1.6 billion euros ($ 2.2 billion) in funds, citing problems in the US sub-prime mortgage industry that rocked financial markets around the world. The frozen funds represent less than 0.5% of …

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What the Galaxy S10 5G means (and doesn’t) for Verizon and Samsung

Samsung (NASDAQOTH: SSNLF) recently unveiled its new range of Galaxy S10 smartphones during its annual Samsung Unpacked event, including a pre-order model that will be the first on Verizon‘s (NYSE: VZ) 5G mobile network. The phone, which features the largest Galaxy S series screen available with a 6.7-inch diagonal as …

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Here’s how various countries are battling the coronavirus

Last week, the World Health Organization officially declared the coronavirus outbreak a pandemic. In an attempt to control the spread of the virus, countries around the world have made drastic changes in foreign and domestic policy. Although these policies are changing rapidly, the following list highlights the key strategies implemented …

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Can big screen movie theaters be saved?

Movie channel AMC released its quarterly earnings report Monday, and as expected, was brutal: Revenue is down 90% from the same period last year, with reported losses of over $ 900 million. But AMC Theaters has an unusual deal with Universal that could bring it to life. “We will fight …

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McDonald’s fire devastates on Route 61 near Leesport | Regional News from Berks

ONTELAUNEE TWP., Pa. – A two-alarm fire severely damaged a McDonald’s restaurant and closed a busy stretch of highway in Berks County on Wednesday. The fire was reported at around 2 p.m. at McDonald’s on Block 5500 of Pottsville Pike (Route 61) in Ontelaunee Township, south of Leesport. The initial …

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Challenging scene about food thrown at Fred Meyer’s house highlights hunger, distribution challenges in storm

Hollywood West workers Fred Meyer had a four-hour safety deadline to act to recover thousands of perishable items after a power outage during this week’s snowstorm resulted in food being left behind not refrigerated Tuesday. But freezing conditions in Portland made it difficult for pantries to bring trucks to the …

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Everything you need to know about how a Reddit group blew up GameStop’s stock

Who is the monster and who is the hero, in this case, is entirely up to your point of view. We are now, potentially, at the climax of this movie: GameStop is up over 1,700% since early January. Some trading platforms, including TD Ameritrade and Robinhood, restrict trading on AMC …

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SBI to Open Special Loan Facility for Small Businesses Affected by Coronavirus Outbreak

National Bank of India decided to open a special credit facility for small business borrowers affected by the coronavirus outbreak, according to a senior official at India’s largest lender. The facility aims to address any liquidity concerns among micro, small and medium-sized borrowers who have experienced business disruption due to …

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Why Walmart shares fell 6% at open today

What happened Retail juggernaut stocks Walmart (NYSE: WMT) fell rapidly 6% when markets opened on February 18. The big news was the release of its results, which was somewhat mixed. Overall, however, it seems Wall Street’s initial reaction was negative. So what Walmart reported record sales of $ 152 billion …

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