Cancel Preloader

Airbnb sees a surge in demand from cooped up urbanites

Antsy city dwellers seeking to escape their COVID-19 refuges are road-tripping to nearby vacation rentals in surprisingly strong numbers, showing the first signs of life for an industry that essentially ground to a halt in March. “People, after having been stuck in their homes for a few months, do want to get out of their […]Read More

Biden spent big on Facebook as Trump came under fire

U.S. Democratic presidential candidate and former Vice President Joe Biden speaks during a campaign event about the U.S. economy at Delaware State University in Dover, Delaware, U.S. June 5, 2020. Jim Bourg | Reuters Joe Biden ratcheted up his Facebook ad spending last week while President Donald Trump came under scrutiny for his response to […]Read More

SBI to cut MCLR by 25 basis points from June

The country’s largest lender State Bank of India (SBI) on Monday announced it will reduce marginal cost of fund based lending rate (MCLR) by 25 basis points across all tenors from Wednesday. The one year MCLR has been revised to 7 per cent from 7.25 per cent, the bank said in […]Read More

Expand scope of MGNREGA to meet migrants’ work demand: Congress

NEW DELHI: The Congress on Monday asked the government to expand the scope of MGNREGA to meet the growing work demand of 8 crore migrants expected to relocate in villages in the wake of the coronavirus pandemic. Asking the prime minister not to view Centre’s “reliance on the MGNREGA as the victory of the scheme […]Read More

The economy is starting to recover, but it’s leaving black

Good morning, Broadsheet readers! UOMA Beauty’s founder pressures brands to share their diversity numbers, D.C. Mayor Muriel Bowser makes an artistic gesture, and economic recovery is leaving black women behind. Have a mindful Monday.  – The real jobs report. The May jobs report showed a surprising recovery for the economy, with unemployment down for nearly […]Read More

Futures jump, airline stocks up, S&P down 1% this year

People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Check back for updates. 7:50 am: Fed to meet with some big talk on the agenda One of the big events for markets this week will be the two-day […]Read More

Rupee settles 3 paise higher at 75.55 against US dollar

Mumbai: The rupee settled on a muted note, up 3 paise, at 75.55 (provisional) against the US dollar on Monday as dollar-buying by banks as well as importers and rebounding crude prices restricted gains of the local unit. Forex traders said positive domestic equities, sustained foreign fund flows and the revival of business activity are […]Read More

New Zealand says it’s eliminated all coronavirus cases and is

New Zealand will remove social distancing requirements after reporting zero active cases of Covid-19, indicating it has achieved its aim of eliminating the virus. Prime Minister Jacinda Ardern said Monday that all remaining restrictions on people and businesses, other than strict border controls to keep the virus out, will be lifted at midnight tonight, paving […]Read More

U.S. could derail China’s economic recovery from coronavirus: Deutsche Bank

China’s economy is improving and could register “very impressive” growth — but the U.S. is the biggest risk that could derail that recovery, a Deutsche Bank economist said on Monday. Much of the global economy is still reeling from lockdown measures imposed to contain the coronavirus pandemic. Restrictions that include workplace closures and stay-at-home orders […]Read More