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2 mins read

External borrowings to meet capital needs putting pressure on bank's net interest margins, says a report by SBI Securities

The banks in the country are facing challenges due to a slowdown in deposit growth, according to a …

ANI   


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2 mins read

RBI expected to begin rate cuts in October, with two reductions this fiscal: Crisil

The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that ext…

ANI   


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1 min read

SBI raises lending rates by 5 to 10 basis points; New loans to cost more

The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…

ANI   


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8 mins read

These millennials and Gen Z-ers are going on vacation — no matter how much it costs

Some millennials and Gen Zs are going into debt or using buy now, pay later services like Affirm an…

Brittany Chang   


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3 mins read

Budget 2024: More affordable housing, lowered rent TDS — here’s what will change for the housing sector this year

Union Budget 2024 delivers massive boost with 3 crore affordable houses and tax cuts. Here's all th…

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1 min read

The AI boom is turning traditional economics on its head as tech giants boost spending despite high interest rates

The effect of tighter monetary policy from the Fed has been "much weaker than usual," Apollo econom…

Matthew Fox   


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3 mins read

Wall Street knows interest rate cuts are coming. What matters is how big they'll be.

Federal Reserve Chair Jerome Powell will deliver his biggest speech of the year at Jackson Hole. Wa…

Ayelet Sheffey   


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3 mins read

Interested in a second passport? Get ready to pay hundreds of thousands.

Applications for a secondary passport require extensive paperwork and investing hundreds of thousan…

Ana Altchek   


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4 mins read

From models to influencers, here's what it costs to be 'hot'

TikTok trends and high-priced products are driving consumer spending on beauty and wellness. Hot pe…

Jordan Hart   


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4 mins read

As an English teacher and writer, I've struggled with my son's apathy toward reading. Here's how I've gotten him interested.

I'm an English teacher, and my son is uninterested in reading. But I haven't given up. I buy books …

Ashley Archambault   


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4 mins read

A boomer from Texas retired in Panama for the low cost of living and lifestyle. She said it feels like 'Christmas every day.'

Saundra Lohr, 68, retired in Panama after living in Texas. She loves the quality of life and afford…

John Towfighi   


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1 min read

Elizabeth Warren says Jerome Powell needs to come back from vacation and cut interest rates now

Sen. Elizabeth Warren criticized Federal Reserve Chair Jerome Powell for delaying interest-rate cut…

Lloyd Lee   


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4 mins read

Lower interest rates could be coming soon. Here's what's at stake if they aren't.

Interest rate cuts could finally come this year. Economists explained the benefits of rate cuts and…

Madison Hoff,Ayelet Sheffey   


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1 min read

Starter homes cost more than $1 million in a record 237 cities

More cities than ever have typical starter homes worth at least $1 million, Zillow reported.

Filip De Mott   


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2 mins read

Mother Dairy hikes milk prices by Rs 2 per litre in NCR

In a statement, Mother Dairy said it is "increasing its liquid milk prices by Rs 2 per litre across…

PTI   


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10 mins read

Iran may pay for you to be trans, but it comes with a cost your dignity

Iran funds gender-affirming surgeries. While that may seem progressive, BI's investigation reveals …

Joshua Nelken-Zitser,additional reporting by Ida Reihani   


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2 mins read

Think your interest costs are high? Every 9 days, Donald Trump owes another $1M in interest on his NY fraud trial judgment.

Think your interest costs are high? The GOP frontrunner's penalty for a decade of banking document …

Laura Italiano   


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3 mins read

JD Vance says deporting 20 million people is part of the solution to high housing costs

In an interview with Business Insider last year, Vance blamed high housing costs largely on high in…

Eliza Relman   


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2 mins read

The Fed confirms that Americans will have to wait longer for interest rate cuts

The Federal Reserve held interest rates steady on Wednesday, pushing back any hopes of an interest …

Ayelet Sheffey   


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2 mins read

Why housing won't get much cheaper when the Fed cuts interest rates

Home prices and rents aren't falling, even if the Fed delivers much-anticipated rate cuts this year…

Jennifer Sor