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BMW Championship Brings Big Boost to Local Economy – CBS Baltimore

OWINGS MILLS, Md. (WJZ) — Local businesses have seen an influx of customers as tens of thousands of people from around the country flock to Baltimore County for the BMW Championship. “The business has picked back up this week has been really fabulous,” said Shawn Dunworth, the owner of Sunset Slush of Glyndon. READ MORE: […]

Rupee climbs to two-month high, jumps 53 paise against US dollar

The rupee rose to two month high on Friday on the back of Banks’ selling dollars in view of foreign portfolio investors lining up to participate in fundraising by India Inc and lack of central bank intervention. While the rupee appreciated by about 53 paise to close at 73.6950 to the dollar against the previous […]

U.S. Economic Confidence Dips as More Say Economy Worsening

Story Highlights Economic Confidence Index slips to -12, from -6 in July and +2 in April Ratings of current economy stable; more see economy getting worse in future WASHINGTON, D.C. — Gallup’s Economic Confidence Index dropped to -12 from -6 in July and is now back to the level it was at […]

Adam Tooze’s new book documents the economic impact of the pandemic

Aug 28th 2021 Shutdown: How Covid Shook the World’s Economy. By Adam Tooze. Viking; 368 pages; $28. Allen Lane; £25 THE COVID-19 pandemic may be the starkest example of globalisation that history has ever provided. It was not just that the virus spread rapidly round the world. As governments reacted by imposing shutdowns, almost 95% […]

Stocks Dip After S&P 500, Nasdaq Records

U.S. stocks wobbled Thursday, taking a pause after major indices climbed to records earlier in the week. The S&P 500 fell 0.4% following five straight sessions of gains. The Nasdaq Composite dropped 0.4% and the Dow Jones Industrial Average declined 0.4%, to 35267. Stocks have pushed higher lately, supported by broad gains across everything from […]

Economic benefits of Tokyo Games estimated at over $55 billion

The economic benefits of the Tokyo Olympics and Paralympics will be about 6.14 trillion yen ($55.75 billion) but Japanese organizers will incur a loss of more than 2 trillion yen, a scholar’s estimates showed Thursday. Of the benefits, about 3.27 trillion yen from spending on the construction of facilities, including the National Stadium and the […]

Digitized Dollars: How Institutional Investors Use Stablecoins

While bitcoin has long been the headline-grabbing star of the crypto world, a much more versatile and business-friendly form of cryptocurrency has long dwarfed its usage worldwide: Stablecoins. These are digital coins or tokens that are backed 1:1 by a fiat currency – such as the dollar, euro, pound, yuan or hundreds of other varieties […]

U.S. mortgage applications rise as mortgage rates edge down -MBA

Homes are seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Stroudsburg, Pennsylvania, U.S., June 20, 2018. REUTERS/Mike Segar (Reuters) – Mortgage applications increased last week, as purchasing applications posted their largest increase since early July while mortgage rates edged down. The Mortgage Bankers Association (MBA) […]

Few Women Ascend Japan’s Corporate Ladder. Is Change Finally Coming?

During Barack Obama’s 2008 run for president, she was impressed by young people’s political activism, something that is relatively rare in Japan. She resolved to return home and work to improve conditions for women. In 2011, at the age of 36, she became the youngest female mayor ever in Japan, elected to lead her hometown, […]

Taiwan central bank says economy not overheating, inflation stable

TAIPEI (Reuters) – Taiwan’s economy is not overheating and inflation is well under control, central bank governor Yang Chin-long said on Wednesday, as he responded to lawmakers’ questions about prospects for an interest rate rise. FILE PHOTO: A woman walks under Taiwan’s landmark building Taipei 101 in Taipei, Taiwan July 27, 2017. REUTERS/Tyrone Siu The […]