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Recent data points in the US have suggested that the economic recovery in the world’s largest economy is stuttering after weekly jobless claims surged for the first time since the initial months of the COVID-19 pandemic.
Covid surge may delay recovery, says Fitch Fitch Ratings has affirmed the country’s sovereign rating, while keeping the outlook as negative and said the second wave of Covid may delay the recovery but is unlikely to derail it.
from Stocks-Markets-Economic Times http… Read MoreBiden to float historic tax increase on investment gains for the richThat would be the highest tax rate on investment gains, which are mostly paid by the wealthiest Americans, since the 1920s. The rate has not exceeded 33.8% in the post-World War Two era.
from Stocks-Markets-Economic Times ht… Read MoreDish TV shares pledged to rescue Zee’s Chandra Dish TV promoter & MD Jawahar Goel has offered the company’s shares as security for credit facilities availed by his elder brother and Zee Entertainment Enterprises (Zee) founder Subhash Chandra, the latter’s office conf… Read MoreBiden tax whacks stocks with Wall Street warning of pre-emptive salesWall Street traders said it was too soon to panic, but that a higher levy on stock profits could foment near-term selling.
from Stocks-Markets-Economic Times https://ift.tt/3gx1YXJ
… Read MoreNorth-west & south better on microloan repaymentsNear-term business prospects across states are, however, more clouded with the outburst of Covid-19 cases over the past couple of weeks. Industry leaders, especially those with small and medium sized NBFC-MFIs, are anticipati… Read More
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