Global fears prevent US Fed from rate hike plan
The adverse conditions in the global economy and weaker stocks on Wall Street may prevent the US Federal Reserve from going for a rate hike again. Some analysts forecast four more rate hikes in 2016, while Reuters' poll indicate three times hike this year. The slump in commodities, weaker global markets, slowdown in China's economy and lower oil prices are causes of concerns for the US Fed as these are upsetting the Wall Street.
Jan 21, 2016 7:58 PM EST
Stocks tumble on China instability amid further devaluation of Yuan
The instability in Chinese economy, after the dragon country devalued Yuan for eighth time, has created tremors across the global bourses. All the sectors fell in the range of 0.4 percent to 1.8 percent on the Wall Street. Safe haven yellow metal gained four percent in 2016. Chinese CSI 300 index fell 7%.
14 US states will increase minimum wage in 2016
Several states and cities including New York will consider proposals to lift pay further to $15 an hour. California, on the other hand, is planning to increase wages up to $1 which is the highest among all states.
Donald Trump's big tax cuts to dent Federal revenues
Tax Policy Centre came out with its latest analysis report on the Republican Presidential candidate Donald Trump's tax plan and its impact. The report reveals that it would impact the Federal revenues. It has stated that Trump's tax cut plan would benefit rich people than middle-income groups.
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London house prices to double by 2025, rents to go 27% higher
The average home price in London is set to double by 2025, while it's 50% surge in the UK, according to a latest study. The rise in housing prices is impacting consumer spending. The number of property millionaires is rising encouragingly since January. However, the new tax regime has slowed down the rate of growth in Scotland.
Dec 20, 2015 10:08 PM EST
Last Minute Festive Shopping With Amazing Holiday Deals from Blackberry
The eCommerce store for Blackberry has launched the special festive holiday promotions starting from 15th December, 2015 afternoon. Grab the last minute gifts for Christmas and New Year from the official Blackberry online store.
Dec 17, 2015 6:14 AM EST
US housing surges 10.5% in November
The US housing activity rose 10.5 percent in November. The construction activity in the single-family housing touched eight-year high. Builders turned optimistic on the US housing market. The mortgage rates are set to go up after the US Federal Reserve hiking the interest rate.
Dec 17, 2015 3:50 AM EST
What does Fed rate hike mean to auto loans, mortgages & credit cards?
The US Federal Reserve is expected to make a decision on the interest rate on Wednesday. Most probably, the Fed will opt for a rate hike. If it raises the interest rate, then it will impact all types of borrowing costs for consumers.
Dec 16, 2015 2:58 AM EST
Apple Opens an Advanced Display Screen Development Center Secretly in Taiwan
Apple has opened an advanced display screen development center secretly in Taiwan. As the news is not yet out in public, Apple officials are keeping it under the wraps.
Dec 15, 2015 7:59 PM EST
Best Ways to Save Money During the Holiday Season
It is officially a holiday season and also an official month of spending vs. saving. A recent survey found that 57 percent of those who participate in holiday gift-giving began their shopping in early November. This was up from 54 percent in 2014 and 49 percent in 2008. Holiday season does not have to be a financial burden if you plan accordingly and implement effective strategies. To help you save money on holiday shopping I’ve compiled a list of some tips and tricks you can follow to achieve your goal.
Dec 15, 2015 5:25 AM EST
Women of Color Facing the Worst: Will the Challenges of Retirement Haunt Till Death?
The Women of Color are facing retirement challenges. The measures are being taken to educate them about the financial issues. But the policymakers and researchers must be more active in finding a permanent solution.
Dec 14, 2015 4:52 AM EST
Morgan Stanley in $225 million deal with U.S. regulator
National Credit Union Administration (NCUA) filed lawsuits against banking lenders includng Morgan Stanley for allegedly selling faulty mortgage-backed securities. Morgan Stanley without admiting its fault, has agreed to pay $225 million to seele the claims. The total value of such claims recovered by NCUA reached to $2.43 billion since 2011.
Dec 11, 2015 10:09 AM EST
Alaska Governor seeks income tax for the first time in 35 years
Alaska State Governor Bill Walker as part of his New Sustainable Alaska Plan,suggested for income tax in the State. If levied, it'll be after 35 years, Alaska records income tax. Alaska is highly dependent on oil revenues. The steep fall in oil price is impacting its revenues in a negative way. The current revenues can meet only 40 percent of government expenses.
Dec 11, 2015 1:16 AM EST
In Australia, banks disrupt Apple with mobile payments power
The US technology giant Apple Inc is struggling to forge an alliance with Australian banks to spread its mobile payment system. Australian banks have already their own apps and supporting technology platform for the contactless payment system. At this juncture, Apple Inc is finding it difficult to make the partnership with Australian banks. After launching mobile payment service in Australia last month, Apple Inc is planning to roll out in China soon.
Dec 11, 2015 1:09 AM EST
Chronicle Survey: Salaries of Private College Presidents Continue to Rise
A chronicle survey conducted in 32 private-college presidents revealed that the maximum pay reached the level of $1 million in 2013. In 2013 the private college presidents' median total payment reached as high as $436,429. First two positions were assigned to Lee Bollinger, of Columbia University, and Amy Gutmann, of the University of Pennsylvania.
Dec 09, 2015 3:06 AM EST
IBM is unveiling its Object Storage Service through Bluemix Cloud
IBM is trying to hit the cloud service market by launching Bluemix object storage services. Would IBM make it through by outshining market biggies like Google, Amazon and Microsoft? Besides spreading its cloud service market in international level, IBM has also joined startup helping venture with NASSCOM.
Dec 08, 2015 10:04 PM EST
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