Category: Economy

Budget 2021-22 proposed to enhance the Contingency Fund of India from ₹500 crore to ₹30,000 crore through Finance Bill. The government has tweaked spending norms for Contingency Fund of India, allowing 40% of the total corpus to be placed at disposal of the Expenditure Secretary.  Budget 2021-22 proposed to enhance the Contingency Fund of India […]

What do people trust? Their families, friends or employers? The media that give them information? The government? Institutions, both profit and nonprofit? Trust has become a major issue in America, or perhaps it always has been. “Fake news” has become a regular part of our vocabulary. Many people are suspicious of what they see on […]

Instagram, the photo- and video-sharing social media network, was started in 2010. Two years later, Facebook bought it for about $1 billion. Today, it has over a billion registered users, which makes it among the largest social media platforms in the world. Athletes and other celebrities, like Cristiano Ronaldo, Kylie Jenner and Dwayne Johnson, have […]

A new U.S. Census Bureau study presents extraordinary population figures. The Census’ Vintage 2021 report shows that America’s population rose by only 0.1%, or 392,665, between July 1, 2020, and July 1, 2021. That is the lowest rate since the United States was founded. The Census report indicates that several factors contributed to the slow […]

A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods spiked much more than expected in the month of November. The Commerce Department said durable goods orders surged up by 2.5 percent in November following a revised 0.1 percent uptick in October. Economists expected durable goods orders to […]

Russia’s central bank raised the key interest rates by a massive 100 basis points and signaled that more hikes may be made in the coming year if inflationary pressures persist. The Board of Directors of Bank of Russia, led by Governor Elvira Nabiullina, decided to lift the interest rate to 8.50 percent from 7.50 percent. […]

Eurozone private sector growth eased to a nine-month low at the end of the year as rising coronavirus infection rates hit service sector activity, offsetting improved manufacturing growth, flash survey results from IHS Markit showed on Thursday. The flash composite output index came in at 53.4 in December, down from 55.4 in November. The reading […]

The Federal Reserve Bank of New York released a report on Wednesday unexpectedly showing a modest acceleration in the pace of growth in regional manufacturing activity in the month of December. The New York Fed said its general business conditions index inched up to 31.9 in December from 30.9 in November, with a positive reading […]

China’s industrial production growth accelerated in November as the disruption caused by the power shortages eased, while the retail sales growth weakened amid an outbreak of the new variant of coronavirus. Industrial production expanded 3.8 percent year-on-year in November, faster than the 3.5 percent rise in October, data from the National Bureau of Statistics showed […]

Hibbett, Inc. (HIBB) said its business continued to experience positive momentum during the third quarter. Comparable sales increased 13.0%, as brick and mortar comparable sales increased 11.6% and e-commerce sales increased 22.3%. E-commerce represented 14.0% of total net sales for the period. Net income for the 13-week period ended October 30, 2021, was $25.2 million, […]