Business

The Silent Crisis of Retail Employment

By Rob 0
Brick-and-mortar retail is having a meltdown, and economists are starting to see the effects in the job market. Overall retail employment has fallen every month this year. Department stores, including Macy’s and JC Penney, have shed nearly 100,000 jobs since October—more than the total number of coal miners or steel workers currently employed in the Read More

Pound rises as Theresa May calls UK election, Europe stocks drop

By Selene 0
London: The pound jumped after British Prime Minister Theresa May announced an early general election. European stocks declined as traders caught up with a swathe of geopolitical events following the long weekend. Sterling swung from gain to loss and back again versus the dollar as May set the vote for June 8, before rallying to Read More

What Is Janesville, Wisconsin, Without General Motors?

By Rob 0
Vice President Mike Pence ended his sixth week in the White House last month by following House Speaker Paul Ryan to the small city in southern Wisconsin that is the speaker’s hometown. When Pence arrived mid-morning in Janesville, Wisconsin, he met with a few local farmers and business owners. Before he left mid-afternoon, he got Read More

SBI market cap crosses ONGC’s, becomes India’s most valuable PSU firm

By Selene 0
Mumbai: State Bank of India (SBI) on Tuesday surpassed ONGC to become the country’s most valuable public sector unit (PSU), in terms of market valuation. At the end of trade, the market cap of SBI stood at Rs2,35,307.51 crore. This is about Rs2,961.79 crore more than that of PSU energy major ONGC’s Rs2,32,345.72 crore. ONGC Read More

Sebi may allow investors to buy mutual funds via digital wallet

By Selene 0
New Delhi: Markets regulator Sebi is looking to allow investors to buy mutual funds worth up to Rs50,000 through digital wallets to make it easier for investors to purchase these instruments, especially the youth. The move would help in speedy and easy transactions while reducing failures due to payment gateway issues. Besides, the Securities and Read More