California has been among the leading providers of monetary relief to residents since the COVID -19 pandemic. Now, it is preparing to send another relief payment to help households fight the rising costs due to inflation. This new stimulus check from California will give eligible taxpayers up to $1,050. The […]

Russia’s central bank lowered its key rate by a half-percentage point on Friday, after delivering sharp reductions since April. The Board of Directors of Bank of Russia decided to reduce the benchmark rate by 50 basis points to 7.50 percent from 8.00 percent. In case of a further budget deficit […]

Shares of FedEx Corporation (FDX) tanked 11% in extended session on Thursday after the company withdrew its full-year 2023 earnings outlook due to a weak first quarter financial performance. Moving ahead, FedEx said it is withdrawing its fiscal year 2023 earnings forecast due to the preliminary first quarter financial performance […]

A report released by the Labor Department on Thursday unexpectedly showed another modest decrease in first-time claims for U.S. unemployment benefits in the week ended September 10th. The Labor Department said initial jobless claims slipped to 213,000, a decrease of 5,000 from the previous week’s revised level of 218,000. The […]

Remember the Trump trade wars? Actually, many of the tariffs that Donald Trump imposed are still in place — less, I suspect, because Joe Biden thinks they were justified than because giving Republicans an excuse to accuse his administration of being soft on China doesn’t seem like a good idea. […]

ESG (environmental, social and governance) ratings for companies have come under considerable pressure. Many investors have been encouraged to go beyond strictly financial measures as they purchase corporate securities, and the practice has a growing list of opponents. The battle about ESG yardsticks has become pitched. Even state governments and […]

Academy Sports and Outdoors, Inc. (ASO) on Wednesday reported that net income for the second quarter declined to $188.8 million or $2.22 per share from $190.5 million or $1.99 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter were $2.30 per share, compared to $2.34 […]

Evictions are on the rise again, pushing several states and cities to come up with financial assistance for renters. The city of Providence, Rhode Island is the latest to come up with stimulus checks for renters. The Providence stimulus checks for renters, however, wouldn’t offer financial assistance to renters. Rather, […]

By Anne Hyland Hugh Morgan, former Western Mining Corporation boss, former Reserve Bank director and Business Council of Australia president, attended the 1983 Hawke summit.Credit:Bryan Charlton There are few businessmen left who attended the Hawke government’s groundbreaking National Economic Summit Conference, which brought together union and business leaders, and helped […]

China is tearing down tower blocks and pausing construction on buildings that could house 75 million people as Xi Jinping’s government seeks to prop up the country’s stalling property market. Analysts have warned that Beijing has adopted a “build, pause, demolish, repeat” strategy as Chinese officials seek to restrict supply […]