The United States has had the largest and most powerful navy in the world since World War II. According to several reports, that is no longer true. China has a large fleet, based on the total number of ships, but several of them are extremely small compared to the size […]

Fast-growing prices in the housing market, as well as low interest rates, are enticing more investors to buy homes, renovate them quickly and sell them for a profit. But while home flips are rising and investors are expecting growing returns, the profits are falling. The average gross profit on a […]

Stocks were flattened Monday by a wave of angst over the fast-spreading Omicron variant, exacerbated by pending interest rate hikes and economic tightening the Fed signaled last week, and after Sen. Joe Manchin scuttled President Biden’s key social policy legislation. All major indexes fell on the first day of a […]

Home sales this year will top 6.5 million in America. That is much higher than any year since 2005. There has been a home-buying frenzy in 2021. Tens of thousands of people have left the expensive coastal cities with median home prices that can be more than twice the national […]

Stocks moved notably lower during trading on Monday, giving back ground following the rally seen on Wall Street last week. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq leading the drop. The Nasdaq and the S&P 500 fell to new lows for the session […]

In spite of the Biden administration’s all out effort to expedite vaccination and booster shots, the United States is experiencing an unprecedented surge in new Covid cases and deaths, triggering fears that the country is heading towards a bleak holiday season. Cases are skyrocketing in states such as Vermont, New […]

The U.S. Food and Drug Administration has granted approval for argenx BV’s Vyvgart (efgartigimod) for the treatment of generalized myasthenia gravis or gMG in adults who test positive for the anti-acetylcholine receptor (AChR) antibody. Myasthenia gravis is a chronic autoimmune, neuromuscular disease that causes weakness in the skeletal muscles, also […]

The overall breadth was also extremely negative, with nearly 5 declining stocks versus a advancing share on the BSE. The key benchmark indices continued to languish near the lows on Monday, tracking across-the-board losses amid a selloff in global markets as concerns over rising Omicron cases spooked investors. Persistent foreign […]

The Centre is looking to convene a meeting of the all-powerful Goods and Service Tax Council in early January. The meeting is likely to focus on rectifying the inverted duty structure for a few more items and will also serve as a platform for pre-Budget discussions between Union Finance Minister […]

Deutsche Bank AG, JPMorgan Chase & Co and Societe Generale SA are changing to a Saturday-Sunday weekend from the New Year in the United Arab Emirates (UAE) which is aligning its working week with most global markets. The German bank will from Jan. 3 operate Monday-Friday in the Sunni Muslim-ruled […]