Yearly Archives: 2017

7.25% interest on savings accounts! New banks turning dreams into reality

Indian banking industry doesn’t usually favour individuals when borrowing isn’t cheap and savings rates trail headline inflation. However, with increasing competition, new banks have started to take notice of what customers want, and accordingly offer generous interest rates. However, one can’t be sure about the permanence of these offerings. To serve the customers, new payment […]

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It’s especially hard to find a home to buy right now – and it could get worse for millennials

Home shoppers might have an especially hard time finding the house of their dreams this spring. According to real-estate site Zillow, there are 3% fewer homes on the market than there were a year ago. The largest drop in inventory has happened in Minneapolis, Cincinnati, and Detroit. In Minneapolis, for example, there are currently 18% […]

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Warren Buffett just turned 86 – here are 14 stunning facts about his wealth

Warren Buffett turns 86 on Tuesday – here are 14 stunning facts about his wealth NOW WATCH: Paul Krugman weighs in on the Apple tax debate

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One thing will define the winners and losers in markets next year

There will be a “massive dispersion” between parts of the market that benefit from higher inflation and those that would be hurt by it, according to Michael Hartnett, the chief investment strategist at Bank of America Merrill Lynch. The jump in Treasury yields and the steepening of the yield curve provided the clearest proof that […]

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One slice of the market threatens to ruin the S&P 500’s clean earnings sheet

One sector is on pace to ruin the S&P 500’s clean earnings sheet for the first quarter. Telecoms, the smallest sector by number of constituents, has failed to deliver on the earnings growth that Wall Street had been anticipating after a run up in prices. According to a FactSet report on Friday, telecom services was […]

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Loan-servicing company Ocwen Financial explodes higher after unloading a bunch of assets

Mortgage servicer Ocwen Financial surged as much as 46% on Monday after saying it will sell $425 million of assets to help boost the company’s finances. New Residential Corporation will purchase mortgage servicing rights from Ocwen in a transaction and start a new five-year subservicing agreement, the company said in a statement. In addition to […]

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The CEO of a $1.5 trillion fund giant wants to set the record straight

LOS ANGELES – Manny Roman is spreading the word: Active management pays off, at least for bonds. Speaking at the Milken Institute Global Conference held at the Beverly Hilton, Roman, the new CEO of $1.5 trillion fund manager PIMCO, made a case for active management in the bond market. Passively managed exchange-traded funds have been […]

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Cloudera founder: Why investors are ‘thrilled’ my company is worth $2 billion less after our IPO

Big data software company Cloudera completed its much-anticipated IPO on Friday and the stock was a hit with investors. Cloudera priced it at $15 raising $225 million for itself, above its initial range of $12 to $14. By the close of the day, the share price popped 20% to just over $18. The world was […]

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