You can expect to hear a lot about rising inflation and interest rates in 2022. No doubt that will sound scary to some, particularly mortgage-holders. But take heart. The alternative scenario – of continued ultra-low interest rates – is by far the more terrifying prospect and, touch wood, the one […]

For the fifth straight month, the services sector witnessed an expansion in output. In Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction India’s services sector activity moderated in December as business activity and sales rose at a softer pace, while […]

A report released by the National Association of Realtors on Wednesday showed an unexpected pullback in U.S. pending home sales in the month of November. NAR said its pending home sales index slid 2.2 percent to 122.4 in November after spiking 7.5 percent to 125.2 in October. The decrease surprised […]

Talking to IRDAI for options with returns linked to pace of price rise: PFRDA chief Savers concerned about the deleterious impact of inflation on their fixed retirement income may soon be able to buy indexed annuity products with returns linked to the pace of price rise, the Pension Fund Regulatory […]

The platform charges no fees for account opening, maintenance or transactions For long, Indian retail investors seeking regular income haven’t had access to the safest and most reliable option in the market — the government security. Yes, most of the money you invest in insurance products, pension funds and provident […]

A report released by the National Association of Realtors on Wednesday showed U.S. existing home sales increased for the third straight month in November, reaching their highest annual rate in ten months. NAR said existing home sales jumped 1.9 percent to an annual rate of 6.46 million in November after […]

MPC minutes show RBI chief flagging ‘growing uncertainty’ RBI Governor Shaktikanta Das pitched for continued policy support to nurture revival, especially in sectors which are exposed to the evolving headwinds in the wake of spread of Omicron variant of the coronavirus, MPC minutes released by the central bank show. The […]

UK retail sales grew more than expected in November, driven by promotional sales as part of Black Friday and the early Christmas shopping, data from the Office for National Statistics revealed on Friday. The retail sales volume grew 1.4 percent month-on-month in November, faster than the revised 1.1 percent increase […]

According to a new Pew Research study, in the third quarter of 2021, 50.3% of Americans over 55 said they were retired. That is an increase from the same periods in 2019 and 2020. Pew’s thesis is that the COVID-19 pandemic is the reason for the uptick. The authors of […]

A report released by the Labor Department on Thursday showed a modest rebound in first-time claims for U.S. unemployment benefits in the week ended December 11th. The Labor Department said initial jobless claims rose to 206,000, an increase of 18,000 from the previous week’s revised level of 188,000. Economists had […]