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The Week in Business: A Consumer Internet Deal

What’s Up? (Oct. 17-23) PinPal? The digital payment processor PayPal has offered to buy Pinterest, a social curation site, in a deal that values the site at $45 billion, according to people familiar with the discussions. If completed, it would be the largest consumer internet deal in a decade and would give PayPal a further […]

Dollar Depressed, Evergrande Saga, Record Highs

Monday kicked off on a cautious note as weaker than expected growth data from China hit risk appetite. In the commodity space, Brent marched into new week less than 2% away from its highest price back in October 2018. The dollar struggled for direction while gold waited for a fresh catalyst. In other news, Apple […]

Names and changes: Business recognitions and promotions for the week of Oct. 24, 2021 | Business Local

Jamie Soltis has been named assistant superintendent and Jennifer Dean has been named assistant superintendent for instruction for Salem City Schools. Charleon Jeffries has been named assistant vice president for diversity, equity, and inclusion of Virginia Tech’s Advancement Division. Compiled by KAREN BELCHER; names@roanoke.com, 540-981-3340. Please submit only color photographs. Get the latest local business […]

US budget gap falls in 2021 to $2.8tn as economy recovers

WASHINGTON: In this file photo taken on September 28, 2021, US Treasury Secretary Janet Yellen speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, DC. – AFP WASHINGTON: The US budget deficit narrowed slightly in the past year as the economy recovered from the COVID-19 pandemic, falling $360 billion to $2.8 […]

Indian economy is still in the woods: Chidambaram

Former finance minister and senior Congress leader P. Chidambaram said the Indian economy is still in the woods. Delivering the R. K. Shanmugam Memorial Lecture, organised by The Tamil Chamber of Commerce in Chennai on Saturday, he also took a jibe at the Centre’s claim of V-shaped recovery of the economy. Mr. Chidambaram pointed out […]