7 Numbers Behind The General Misery For Consumers

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Servicing, Processing Support, AI Tools ; Lenders Focusing on Consumers; Thoughts on UAD 3.6 During a recent trip overseas, I spoke to a banker who stated, “Technology doesn’t stop at the border.” True. The days of writing out this Commentary or taking an app on a yellow pad of paper are long gone….

The Indian stock market recorded strong gains on Friday, with the Sensex and Nifty rising more than 1% each as in-line earnings from IT heavyweight TCS, positive global cues and other factors boosted investor sentiment. The Sensex jumped 828 points to close at 77,569, while the Nifty 50 advanced over 244 points to end the…

September ICE NY cocoa (CCU26) on Thursday closed down -56 (-1.10%), and September ICE London cocoa #7 (CAU26) closed down -71 (-1.86%). Cocoa prices settled lower on Thursday amid some pre-weekend liquidation and position squaring, as US markets will be closed on Friday for a holiday.  Losses in London cocoa accelerated on Thursday after the…

Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you’re an investor fronting the money for a fixed-rate mortgage. You know your schedule of payments from day one. Let’s say the payment is $5 or enough to buy a dozen eggs.  Now let’s…

Key insights: Dhivya Suryadevara is resigning as president of Fiserv. What’s at stake: The bank technology vendor is in the midst of a turnaround strategy that has included a shake-up of its management team. Forward look: Andrew Gelb and Srini Krish will be interim co-heads of financial solutions at Fiserv to support continuity. Fiserv’s attempt…