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MORTGAGE CRISIS
Morgan Stanley was among first global banks to back MFS before boom and bustMorgan Stanley initially backed British private credit firm Market Financial Solutions (MFS) before its collapse under $2.4 billion in debt...- US new single-family home sales post second straight monthly declineUS new home sales unexpectedly fell in May for the second straight month, hitting a seasonally adjusted annualised rate of 580,000 units, t...
- Former US Fed chairman Alan Greenspan passes away at 100Alan Greenspan, former US Federal Reserve chief, has passed away at 100. He steered the American economy through significant events like th...
- NHB probing Aavas Financiers over loan classification lapsesThe sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership o...
- PMK opposes new tribunal on Mekedatu dam issue, urges TN Government to withdraw proposalPMK leader Anbumani Ramadoss has strongly opposed the Tamil Nadu Assembly's resolution seeking a tribunal for the Mekedatu dam issue. He wa...
- Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher ratesNew Federal Reserve Chair Kevin Warsh is significantly reducing the central bank's communication, particularly "forward guidance" on intere...
- Kevin Warsh takes Fed pulpit with immediate challenges, longer-term agendaFederal Reserve Chairman Kevin Warsh leads his first policy session, sending ripples through the investment community eager for clues on mo...
- Father's passion for archery, mother selling 'Mangalsutra': Dhiraj Bommadevara's journey to double gold in WCDhiraj Bommadevara secured two gold medals at the Archery World Cup Stage 3 in Antalya. He defeated South Korea in both the recurve mixed t...
- BJP to contest all 117 seats independently in 2027 Punjab assembly pollsThe Punjab BJP has decided to contest all 117 assembly seats independently in the upcoming state elections. A high-level meeting in New Del...
- Why is US stock market down today? Dow Jones, S&P 500 and Nasdaq fall as inflation hits three-year high and Iran tensions shake Wall Street - Nvidia, Amazon and technology stocks leading today's declineUS stock market is under pressure again. Investors woke up to another sharp decline in the Dow Jones, S&P 500 and Nasdaq after fresh inflat...
- Reassure homes, not just economy: Why India’s growth feels weaker at household levelThe ripples of global disruptions are felt in the everyday lives of Indian families, shaping individual narratives beyond simple data point...
- Did Berkshire Hathaway crack another long-term wealth-creation formula? NVR stock soared 62,000% since 1996, and its Taylor Morrison bet may signal the next homebuilder winnerNVR stock has surged nearly 62,000% since 1996, crushing the S&P 500’s roughly 1,800% return and redefining what long-term wealth creation ...
- Double, Trouble, Toil and the AI Bubble: Why the boom may not be what it seemsAs India navigates its AI and innovation trajectory, skepticism looms large. While AI technologies have fueled market growth worldwide, the...
- US Stock Market: Mortgage rates hit 9-month high as inflation worries deepenUS mortgage rates reached a nine-month high of 6.65% last week, driven by elevated oil prices and inflation concerns. This surge, coupled w...
- Americans are earning more, but still can’t afford homes - here’s why families now need more than $116,000 income to buy a house in the USUS housing market 2026: Despite rising wages, many American families find homeownership increasingly out of reach as housing costs outpace ...
- Three mortgages, zero salaries: What do families do when everyone loses their job together? Viral layoff story reveals fear, debt, and survival panicA shocking rise in family financial crisis after layoffs is emerging as global job cuts accelerate across tech, fintech, and aviation secto...
- Charting the Global Economy: Factory activity sags on inflationGlobal economic activity is slowing, with manufacturing contracting in many regions due to persistent inflation and the ongoing energy crun...
- High hopes dashed: UK cost-of-living woes snare PM StarmerBritons are unhappy with Prime Minister Keir Starmer's government. Cost of living worries are high. Economic problems persist since 2008. R...
- US Stock Market: Fed veterans urge Warsh to prioritise crisis tools over balance sheet cutsFormer Federal Reserve officials advised incoming Fed Chair Kevin Warsh to focus on clear principles for deploying the central bank's balan...
- Criminal breach of trust case registered against ex-Yes Bank CEO Rana Kapoor, othersMumbai Police have filed a case against former Yes Bank MD Rana Kapoor and others. The FIR alleges illegal transfer of mortgaged property w...
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