Traders see a U.S. interest-rate hike later this month as a coin toss, with a renewed rise in oil prices and hawkish commentary from Federal Reserve officials auguring a swift move to tame inflation.
Bonds are weaker to start the new week and the catalyst is simple. The U.S. ramped up air strikes in Iran, both in terms of number and distance inland. Iran responded by hitting various allied targets. Perhaps more importantly for financial markets, shipping traffic has returned back to war-time lows after a noticeable surge in […]
SBI Funds Management has reduced the size of its IPO to Rs 9,813 crore from Rs 11,693 crore after raising about Rs 1,655 crore through a pre-IPO placement to 30 anchor investors. The issue will open for subscription on July 14 and close on July 16. The IPO is entirely an offer-for-sale (OFS) by State […]
Developer Michael Shvo is almost off the hook at the Mandarin Oriental. A judge in New York Supreme Court last week dismissed claims brought against Shvo and his companies by two condo owners at his Mandarin Oriental Residences, who had alleged fraud and shoddy construction. The judge’s dismissal likely takes some pressure off Shvo, who […]
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 […]
If you’re nearing retirement, congrats! After a lifetime of saving and hard work, you may finally be ready to start enjoying the wealth you’ve accumulated. One thing you’ll often hear is that it’s important to come up with a solid withdrawal strategy for your retirement savings. If you don’t, you risk running out of money […]
EPFO has made it easier to transfer provident fund balance after making the process automatic for Aadhaar-linked, KYC-compliant Universal Account Number (UAN) holders when they switch jobs. The introduction of this feature is significant as it eliminates the need to submit separate transfer applications and thus reducing paperwork. Previously, transfer of PF accounts required approvals […]
Nothing visibly changed in American payments when the clock struck midnight on Saturday (July 11). Consumers still used cards, bank accounts and cash, and businesses still moved funds through banking networks. Yet the United States had nonetheless made a consequential architectural choice about the future of money. The 21st Century ROAD to Housing Act, which […]
Aortic dissections are extremely rare; however, people with a family history or who have been diagnosed with certain genetic syndromes have an elevated risk
DALLAS, July 13, 2026 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its first quarter 2026 financial results. Details are as follows: To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on “Investor Relations” under the “About […]