Author Archives: Loknath Das

Lack of Workers, Not Work, Weighs on Utah’s Economy

Juan Guerrero, right, and Joseph Waseme securing materials on a truck bed at a Roofers Supply lot in Salt Lake City. The company needs at least 15 more drivers to meet demand, but has had trouble finding workers.CreditKim Raff for The New York Times SALT LAKE CITY — Stephanie Pappas and her brothers built their roofing supply company in this ... Read More »

Banks’ asset quality woes not over yet

The bulk of asset quality recognition for public sector banks is over at the end of March quarter, but analysts spot no encouraging trends yet. Photo: Pradeep Gaur/Mint Mumbai: The bulk of asset quality recognition for public sector banks is over at the end of March quarter, but analysts spot no encouraging trends yet. During the quarter, outstanding public sector ... Read More »

20 Tips to Lower Utility Bills in Your Business

From marketing to payroll, inventory and taxes, there are many ongoing costs associated with running your small business. However, there’s one cost that many small business owners overlook: utilities. Ironically, your utility bill is one area with the most potential for cutting costs. How? By following the 20 tips to lower your utility bills below. Getting Started Before you tackle ... Read More »

What the Heck is Happening at Your Bank These Days?

If you’re like many Americans, you may be making fewer trips to the bank and instead taking care of check deposits with a mobile app or tracking account balances with a few mouse clicks. Digital banking is undeniably gaining ground over the old brick-and-mortar process. But about 84 percent (PDF) of banking customers still visit branches at least occasionally, according ... Read More »

Bank of America Reports Earnings Drop in Q1, Stock Dips

Bank of America has announced its first-quarter results and the outcome is not very positive. The multinational banking corporation has reported a 13 percent decline in first-quarter profit. On a positive note though loan growth and expense cuts have prompted investors to be hopeful about the future. “It wasn’t a great quarter, but it was a normal quarter,” Nancy Bush, ... Read More »

Hillary Clinton Launches New Political Group Supporting Trump ‘Resistance’

Hillary Clinton is wading back into politics. After hiking in the woods, attending Broadway shows and making a series of increasingly frank public statements on her election loss to Republican Donald Trump, the former Democratic presidential candidate officially launched her new political group Monday afternoon. Onward Together, whose name and logo are a nod to her campaign’s “Stronger Together” slogan, ... Read More »

Large-scale solar industry takes off as 12 new plants secure finance

Broken Hill solar farm. Twelve new plants awarded grants by the Australian Renewable Energy Agency are now in the pipeline. Photograph: Josh Wall/Guardian Australia Australia’s large-scale solar industry now appears to be on solid ground, with all 12 plants recently awarded grant funding by the Australian Renewable EnergyAgency reaching “financial close” this month. That means they are fully financed and ... Read More »

Why stock-market investors should keep an eye on these diverging indexes

Stocks of trucking companies are a bet on the broader economy While the S&P 500 and Nasdaq Composite set fresh records on Monday, there is one red flag signaling the potential for a stock-market pullback in the near term, according to Sam Stovall, chief investment strategist at CFRA. Since early March, the Dow Jones Transportation Average DJT, +0.73% which is ... Read More »

Trump’s grade on the economy: a B, for now

More than anything else, the performance of the economy during the next several years is likely to determine whether Donald Trump succeeds or fails as president. So how’s he doing? And how should we measure his success in the future? Well, for starters, the economy has earned a solid B since Trump took office in January, according to an exclusive ... Read More »

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »