Ontario Teachers’ Pension Plan reported a small gain for the first half of 2022 as markets across the globe melted down. Teachers reported a 1.2-per-cent return for the six months ended June 30. According to Royal Bank of Canada’s RBC I&TS All Plan Universe, defined benefit pension plan assets – as measured by a mix … Read more
The RBI has so far hiked the key interest rates by 90 basis points to 4.90 percent. A view of Mumbai’s infrastructure. File Pic/Pradeep Dhivar Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by 25-35 basis points to check high retail inflation, … Read more
Small business optimism dipped again in June, with the National Federation of Independent Business’ monthly index hitting a record low. The organization’s small business optimism index dropped 3.6 points in June to 89.5, the sixth consecutive month below the 48-year average of 98, the federation reported on Tuesday. “As inflation continues to dominate business decisions, … Read more
The number of Americans filing first-time claims for unemployment benefits rose to 235,000 last week, the Labor Department reported on Thursday. The number was 4,000 higher than the previous week. The four-week moving average was 232,500, an increase of 750 from the previous period. Jobless claims have increased recently, in line with reports of an … Read more
A picture-perfect location with a house that is ours, is a dream we all have seen. While we were all fighting the pandemic, and trying to manage our finances; the dream of owning a home felt difficult to fulfill. But, today, having your own home has become a necessity, and getting something more is just … Read more
Federal Reserve officials met in June and decided raising interest rates aggressively was the price to pay for curbing inflation, even if that resulted in an economic slowdown, minutes of the central bank’s mid-June meeting released on Wednesday show. The Federal Open Market Committee, the group that sets monetary policy for the Fed, was clearly … Read more
The number of jobs available in May dropped to 11.3 million, a very slight decline from April and evidence that the labor market remains strong in the face of inflation and higher interest rates, the Bureau of Labor Statistics reported on Wednesday. That number was down from the 11.4 million in April but still leaves … Read more