S&P 500’s latest record closes out best first quarter since 2019 petek, August 30, 2024 Contract signings for existing homes are starting to show some signs of recovery. Pending home sales grew 1.6% in February from the previous month, according to new data from the National Association of Realtors. The 75.6 reading index is the biggest month-over-month gain since last December. An index level of 100 is equal to the pace of contract activity in 2001. The gain in the index, a leading indicator to assess the housing market’s health, shows how a pickup in inventory is boosting the market as high rates continue to remain both buyers and sellers on the sidelines, and leaving … Continue Reading
Finance Ministry takes steps to crack down on financial fraud petek, August 14, 2024 The Ministry of Finance recently banned Bank of Baroda’s World app after a series of incidents, including a scam. This is one of the steps the government has taken as part of a campaign to combat cybercrime. The government has convened a meeting to discuss these issues, following the recent actions by RBIThe Times of India reported. The Ministry of Finance has ordered banks and financial institutions to strictly enforce the know your customer (KYC) process when onboarding new businesses, as per the report. This applies particularly to business correspondents as they are more vulnerable to security breaches. The … Continue Reading