Munis were cheaper in spots on Wednesday, outperforming U.S. Treasuries. Equities ended down. Processing Content Bond markets started the day weaker, but spiking oil prices, a result of the U.S. Treasury revoking Iran’s authorization to sell oilrevoking Iran’s authorization to sell oil after Iran attacked ships in the Strait of Hormuz, sent UST yields even […]
Shares of Netflix (NFLX +0.31%) were drifting lower last month, continuing a broader pullback this year. While there was no major news out on the leading streamer, skepticism about its business strategy at a time when its core markets are maturing seemed to push the stock lower. Semafor reported that the company had bid on […]
By Siddhi Nayak and Divya Patil Indian microfinance lenders are facing renewed strains on their portfolios as price pressures and weak monsoon threaten rural incomes, raising the risk of defaults across the industry’s $35 billion loan book. “A weak monsoon could slow loan growth as lenders tighten underwriting standards and […]
Matt Brown says he’s seeing the same dynamic play out again and again: A client gets ready to buy, runs the numbers, then decides to spend another year renting. “Between elevated mortgage rates, insurance quotes that came in far higher than they expected, and a property tax bill that resets to full market value when […]
Metro Bank has launched a new joint borrower, sole proprietor mortgage to help first-time buyers onto the property ladder. The mortgage allows customers to borrow over 95% and up to 100% of the value of the property. To do so, the customer will need an immediate family member such as a parent to act as […]
When considering how much corporations pay in taxes, it’s important to understand the difference between the statutory corporate tax rate of 21% and the effective tax rates that many large companies actually pay, which can average around 6.9%. Some corporations, like FedEx and Nike, have even reported paying zero federal income taxes. This raises questions […]
Coinbase (NASDAQ:COIN) has appointed cybersecurity veteran Michael Sikorski as its new Chief Information Security Officer, it was announced on Tuesday. Sikorski arrives at Coinbase from Unit 42, a threat intelligence and incident response firm owned by Palo Alto Networks, where he spent four years serving as Chief Technology Officer. His background in cybersecurity also includes […]
Mumbai: The recent rally in India’s benchmark 10-year government bonds may have further upside, supported by expectations that circumspect US jobs data might prompt the US Federal Reserve to defer an increase in policy rates, treasury officials said. Furthermore, the likelihood of inclusion of Indian sovereign bonds in the Bloomberg bond index and the retreat […]
The White House is getting a permanent helipad installed on the South Lawn. President Donald Trump confirmed to reporters in the Oval Office on Monday that the White House is getting a granite helipad paid for by Sikorsky Aircraft — a subsidiary of Lockheed Martin — to support the new fleet of helicopters used as […]
Most of the best bank account promotions on the market right now cater exclusively to consumers. Indeed, many of the United States’ best online banks seem to favor personal account holders rather than business owners. But not all banks shortchange small-business owners. If you’re a small-business owner, solopreneur, or freelancer, you just need to know where to look to […]