New-home mortgage demand declines from May to June
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New York wasn’t always the restaurant town it is today. In the decade between 2009 and 2019, jobs in the restaurant sector grew at twice the rate of the city’s total employment. Restaurants added 120,000 jobs, bringing the total to 317,800, according to a state comptroller’s analysis. That growth is good for those of us…
After flatlining for much of the spring, credit availability last month fell to its lowest point since late 2025, as lenders pulled back on federal lending programs, according to the latest report from the Mortgage Bankers Association. Processing Content The trade group’s Mortgage Credit Availability Index dropped 2% to a reading of 105.8 in June,…
After its record-breaking initial public offering (IPO) and follow-up bond offering, Space Exploration Technologies (SPCX 6.72%) now has more than $100 billion in fresh capital to deploy. Expect this cash to be deployed quickly. SpaceX is currently losing money at a record pace, and growth will be its best path to profitability. In total, SpaceX…
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…
The Income-Tax Department has enabled Excel Utility for the ITR-5 and ITR-7 forms for taxpayers on its e-filing portal for financial year 2025-26 (FY26) i.e. assessment year 2026-27 (AY27). Notably, availability of excel utility means that you can prepare your returns offline before uploading them digitally. The authority had earlier also released Excel Utility for…
The Employees’ Pension Scheme (EPS) 2026 has replaced the Employees’ Pension Scheme (EPS) 1995, aligning the pension framework with the Code on Social Security, 2020. The new scheme came into effect on 29 June. While the core objective of providing pension benefits to employees remains unchanged, the new scheme introduces several administrative and structural improvements,…