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Companies

Bed Bath & Beyond plunges on awful sales. Stock at 18-year low

The editor Oct 11, 2019
Bed Bath & Beyond is calling for backup. The struggling retailer said Wednesday that it was bringing on two top management consulting firms to help it cut costs and improve its merchandise. CEO Steven Temares did not…
Economy

Lehman Brothers: When the financial crisis spun out of control

The editor Oct 10, 2019
Lehman's failure shook Wall Street to its core. The Dow plummeted 504 points, the equivalent of 1,300 points today. Some $700 billion vanished from retirement plans and other investment funds. The panic that followed plunged the American…
Featured

Trump plans meeting with Chinese vice premier as trade talks intensify

The editor Oct 10, 2019
…
Featured

Yields rise on heavy supply at auction and trade hopes

The editor Oct 10, 2019
NEW YORK (Reuters) - U.S. Treasury yields rose on Wednesday, a day that saw a flood of supply and on optimism for progress in U.S.-China trade negotiations that begin in Washington on Thursday. On Wednesday, the market absorbed a $24…
Industry

NHB exposure in Dewan Housing Finance at Rs 24.35 billion

The editor Oct 9, 2019
NHB made 15-per cent provisoning in the 2018-19 fiscal as a prudent measure, though DHFL was a standard account as on June, the note said.National Housing Bank (NHB), the principal agency that promotes housing finance institutions in…
Personal finance

Liquidity infusion: SBI cuts MCLR by 10 bps; deposit rates revised down

The editor Oct 9, 2019
SBI also cut rates on savings deposits up to Rs 1 lakh to 3.25% from 3.5% with effect from November 1, citing adequate liquidity in the system.India’s largest lender State Bank of India (SBI) on Wednesday cut its marginal cost of…
Job Market

PSU issues shine: IRCTC IPO, Bharat 22 ETF see strong response despite tepid stock market

The editor Oct 9, 2019
Between July 5 and September 19, the Sensex gave up nearly 10% of its value, eroding investor wealth to the tune of Rs 15.04 lakh crore.While the broader stock market has remained muted in the previous week, PSU issues IRCTC IPO and…
Companies

So much for September being awful for stocks

The editor Oct 9, 2019
September is historically the worst month for stocks. And you've probably read your fair share of stories about the darkest September of all — the financial meltdown in 2008. But if you sat out the market this month, you…
Economy

These countries are most vulnerable to the emerging market storm

The editor Oct 8, 2019
1. Trouble in paradise: For the past decade, a river of easy money rushed into emerging markets. Now that powerful force is reversing. Rising interest rates, along with trade wars, have started a stampede out of some…
Featured

Income inequality is growing faster in some cities than others — here’s why

The editor Oct 8, 2019
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