After the Covid-19 pandemic, a wave of spending by older consumers

After the Covid-19 pandemic, a wave of spending by older consumers

The number of people aged 65 and over is projected to double to more 1.5 billion by 2050, greatly increasing their economic impact

5 states pose a barrier to Biden’s vaccine goals because they’ve so far vaccinated less than half of their population

5 states pose a barrier to Biden’s vaccine goals because they’ve so far vaccinated less than half of their population

Summary List PlacementFive states — Alabama, Louisiana, Mississippi, Tennessee, and Wyoming — have not yet administered at least one dose of COVID-19 vaccines to half of their residents, according to CDC data, posing a roadblock to the Biden administration. As The Associated Press first reported Saturday, the worst vaccination rate in the country is in…

India says it desires ‘normal neighbourly’ relations with Pakistan

India says it desires ‘normal neighbourly’ relations with Pakistan

India on Friday said the onus is on Islamabad to create a conducive atmosphere by taking “credible, verifiable” action to not allow any territory under its control to be used for cross terrorism

Ariel Investments’ John Rogers touted value stocks, trumpeted Barack Obama’s investing potential, and reflected on beating Michael Jordan at basketball

Ariel Investments’ John Rogers touted value stocks, trumpeted Barack Obama’s investing potential, and reflected on beating Michael Jordan at basketball

Summary List PlacementFund manager John Rogers predicted an epic comeback for value stocks, explained why Barack Obama would excel at investing, and reflected on beating Michael Jordan at basketball in an Institutional Investor profile published this week. The Ariel investments CEO disclosed that his firm’s flagship mutual fund returned 78% in the 12 months to…

Ukraine’s Euro 2020 shirt to keep Crimea design, lose slogan

Ukraine’s Euro 2020 shirt to keep Crimea design, lose slogan

Ukraine must modify its team shirt for the European Championship after UEFA on Thursday upheld part of a Russian complaint about slogans and a map that included Crimea. The yellow-and-blue shirt design unveiled on Sunday angered Russian officials by including an outline of Ukraine’s land territory with the Crimea region which Russia annexed in 2014.…

A startup backed by Livongo veterans just got a nearly $500 million valuation, and it’s coming for healthcare’s middlemen

A startup backed by Livongo veterans just got a nearly $500 million valuation, and it’s coming for healthcare’s middlemen

Summary List PlacementTranscarent, a two-year-old healthcare startup led by former Livongo CEO Glen Tullman, just raised $58 million in its Series B round, the company told Insider. General Catalyst and 7wireVentures led the round, and Merck and Kleiner Perkins also invested, bringing Transcarent’s total funds to $90 million.  The haul valued Transcarent at almost $500…

Unlock trade is the buzz on the Street: A cautious approach is advisable

Unlock trade is the buzz on the Street: A cautious approach is advisable

Aviation, hospitality, and multiplex stocks rising on hopes of strong rebound in coming months

The Senate Republicans’ main fundraising tool for the 2022 elections is now largely devoted to exalting Trump

The Senate Republicans’ main fundraising tool for the 2022 elections is now largely devoted to exalting Trump

Summary List PlacementSenate Republican reelection chief Rick Scott is using an unorthodox playbook to reclaim the majority in 2022. It doesn’t involve talking up GOP lawmakers or have anything to do with mapping out what they’d do if they wrest back control of the 50-50 chamber. Instead, the first-term junior senator from Florida has been…

Competition Comm clears Byju’s buyout of Aakash Educational Services

Competition Comm clears Byju’s buyout of Aakash Educational Services

The Competition Commission has approved ed-tech startup Byju’s proposed acquisition of Aakash Educational Services Ltd (AESL). The deal, estimated to be worth around USD 1 billion, which will bolster Byju’s presence in the test preparation segment in the country, was announced in April this year. On Tuesday, Competition Commission of India (CCI) said it has…

The Justice Department is arguing it should take Trump’s place in a defamation lawsuit over his response to a magazine columnist who accused him of rape

The Justice Department is arguing it should take Trump’s place in a defamation lawsuit over his response to a magazine columnist who accused him of rape

Summary List PlacementThe Justice Department said it should take former President Donald Trump’s place in a defamation lawsuit brought on by magazine columnist, E. Jean Carroll.  Carroll accused Trump of sexual assault. The lawsuit stems from his response following her accusations.  “Then-President Trump’s response to Ms. Carroll’s serious allegations of sexual assault included statements that…

Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report

Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report

The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.

How Democrat Nikki Fried’s campaign to be Florida’s next governor could get sidetracked by her relationship with Matt Gaetz

How Democrat Nikki Fried’s campaign to be Florida’s next governor could get sidetracked by her relationship with Matt Gaetz

Summary List PlacementWhen insurgents attacked the US Capitol on January 6, the first person who checked in on Republican Rep. Matt Gaetz wasn’t a fellow conservative. Instead, it was Nikki Fried, a Democrat and Florida’s agriculture commissioner, who announced Tuesday that she’s running for governor and hopes to unseat Ron DeSantis, a Republican.  Fried —…

Gradual unlock in Leh to start from June 7 amid dip in new Covid cases

Gradual unlock in Leh to start from June 7 amid dip in new Covid cases

Ladakh recorded 71 fresh Covid-19 cases, taking the tally to 19,147, while another death pushed the toll to 195, officials said on Sunday

Nevada bans ‘racially discriminatory mascots’ and ‘sundown sirens’ that were once used to tell Native Americans to leave town

Nevada bans ‘racially discriminatory mascots’ and ‘sundown sirens’ that were once used to tell Native Americans to leave town

Summary List PlacementNevada Gov. Steve Sisolak, a Democrat, signed into law on Friday a bill that bans “racially discriminatory mascots” and “sundown sirens,” which were once blasted nightly to tell non-white residents to leave town.  The legislation, Assembly Bill 88, prohibits schools and universities from using “any name, logo, mascot, song, or other identifier that…

Number of newborn babies in Japan drops to record low in 2020 amid pandemic

Number of newborn babies in Japan drops to record low in 2020 amid pandemic

The number of newborn babies in Japan dropped to a record low in 2020 amid the Covid-19 pandemic, marking the lowest level since the Health Ministry began keeping records in 1899

Trump keeps exaggerating the number of people who cast ballots for him in the 2020 election by nearly 800,000 votes

Trump keeps exaggerating the number of people who cast ballots for him in the 2020 election by nearly 800,000 votes

Summary List PlacementFormer President Donald Trump has repeatedly said that 75 million people voted for him in the 2020 US presidential election. Most recently, he made the claim in a statement slamming Facebook’s decision to ban him from the platform for two years, effective January 7. “Facebook’s ruling is an insult to the record-setting 75M…

Masayoshi Son-led SoftBank Group may invest $700 million in Flipkart

Masayoshi Son-led SoftBank Group may invest $700 million in Flipkart

Japan’s SoftBank is looking to invest in Flipkart, three years after it sold its entire stake in the company to Walmart Inc, the world’s largest retailer

Greg Fleming’s Rockefeller is focusing on ramping up specialties like tax advice as the rich prepare for Biden’s aggressive tax plans with more new hires and acquisitions

Greg Fleming’s Rockefeller is focusing on ramping up specialties like tax advice as the rich prepare for Biden’s aggressive tax plans with more new hires and acquisitions

Summary List PlacementRockefeller Capital Management, the wealth firm built from the 139-year-old Rockefeller family office, is growing at a breakneck pace. Led by Greg Fleming, former Morgan Stanley and Merrill Lynch executive, Rockefeller hit $75 billion in client assets at the end of March, up from $43 billion in May 2020, and closed on the…

No scope for industry to stick to IPR during pandemic: Harsh Vardhan

No scope for industry to stick to IPR during pandemic: Harsh Vardhan

Affordability too is a key driving factor to achieve our aim of health for all, said Varshan

The US labor shortage is ‘national economic emergency’ getting worse by the day, the Chamber of Commerce said. In some states, there are more job vacancies than available workers.

The US labor shortage is ‘national economic emergency’ getting worse by the day, the Chamber of Commerce said. In some states, there are more job vacancies than available workers.

Summary List PlacementThe current US labor shortage, which is hitting industries from education and healthcare to hospitality and ride-hailing apps, is holding back the nation’s economic recovery from the pandemic, the US Chamber of Commerce said Tuesday. In some states and some industries, there are fewer available workers than there are vacancies, according to a new…