Fears in the European banking community last week created something of a tantrum in U.S. bond markets, driving yields down and taking mortgage rates along with them. As a result, mortgage application volume rose 2.9 percent on seasonally adjusted basis for the week from the previous week, according to the ... Read More »
The average rate on the popular 30-year fixed mortgage has been so low for so long that a good chunk of borrowers can’t even contemplate the idea of it ever going higher. Why should they? Every time we warn of rising rates, or see a tiny bump up, some global ... Read More »
Energy companies and banks are leading stocks higher in afternoon trading on Wall Street. A jump in the price of crude oil sent oil and gas companies higher, while banks benefited from rising bond yields, which will help them make more money from lending by allowing them to raise interest ... Read More »
– Travelers along the East Coast are preparing for delays and cancelations as Hurricane Matthew heads toward the U.S. Airlines are preparing to suspend flights from Florida up through Georgia, South Carolina and North Carolina, depending on where the hurricane strikes. Cruise lines are shuffling ship itineraries and many frantic ... Read More »
– U.S. services companies grew last month at the fastest pace in nearly a year, potential good news for the U.S. economy. The Institute for Supply Management said Wednesday that its services index jumped to 57.1 in September, the highest point since October, from August’s 51.4, the lowest since 2010. ... Read More »
The landmark Paris agreement on climate change will enter into force in 30 days, after the number of countries ratifying the accord surpassed a key threshold on Wednesday. U.N. Spokesman Farhan Haq said the EU, Canada and Nepal are all expected to deposit their instruments of ratification over the course ... Read More »
Mumbai: Capillary Technologies Pvt. Ltd, which offers customer relationship management software and marketing analytics for retailers, has acquired Sellerworx Online Services Pvt. Ltd for an undisclosed amount in a stock and cash deal to strengthen its product portfolio. “Apart from offline retailers, we are now able to offer products to ... Read More »
Bengaluru-based Capillary Technologies, which offers solutions that help consumer brands increase customer reach, engagement, sales, and loyalty, announced the acquisition of Sellerworx, an e-commerce technology services firm. (From left to right) Venkat Potluri, Ganesamurthi and Chandramouli According to Capillary, the acquisition will help the technology platform in fortifying its omni-channel product portfolio. With ... Read More »
“The internet is still at the beginning of its beginning,” writes Wired co-founder and Silicon Valley guru Kevin Kelly in his new book The Inevitable. Kelly argues that adding machine intelligence to everyday objects — a process he calls “cognifying” — “would be hundreds of times more disruptive to our ... Read More »
Official release with regard to the health condition of Chief Minister J Jayalalithaa, who has been undergoing treatment at a hospital since 22 September, will reduce the anxiety of the people, the Madras High Court observed on Tuesday while asking the government to get back on the issue by Wednesday. ... Read More »
A shroud of secrecy surrounding Tamil Nadu chief minister J Jayalalithaa’s health may lift soon as the Madras high court ordered the state government to inform it about the ailing leader’s condition before Thursday. “AIADMK leader J Jayalalithaa is holding public office, and therefore her state of health must be ... Read More »
The people of Tamil Nadu have the right to know the status of their Chief Minister’s health, observed the Madras High Court on an urgent mention made by activist ‘Traffic’ Ramaswamy. The court was hearing a PIL by Mr. Ramaswamy, seeking to declare the “real” status of Chief Minsiter Jayalalithaa ... Read More »
