Best of BS Opinion: Surviving interesting times, Indian rich list & more

There was a time when the world’s leading economies were the engines of global growth and, in their different ways, countries to be emulated — the United States, Northern Europe, Japan and China. Over the past 15 years, however, they have become the sources of global instability. T N Ninan talks about what this means. … Read more

It’s Time to Buy Tech Again. Here Are 20 Stocks to Start With.

One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the month—has made the bottom-fishing that took place over the summer look ill-advised. As I’ve noted before, the first downturn in tech … Read more

WTW Appoints Cui; Powers Promotes Sullivan

WTW appoints Cui to its Insurance Consulting and Technology business WTW has appointed Michelle Cui as director, actuarial property and casualty, in its insurance consulting and technology business. Cui joins WTW in its Chicago, Illinois, offices from Zurich North America, where she served as vice president and actuarial director. Her has held actuarial and leadership … Read more

Rithm Capital issues $262.3 million non-prime MBS

Rithm Capital issues $262.3 million non-prime MBS | Mortgage Professional Specialty Non-Prime Transaction is backed by 529 non-QM loans Rithm Capital, formerly New Residential Investment, has issued a $262.3 million MBS transaction backed by non-prime residential mortgages. The RMBS deal is collateralized by a pool of 529 newly originated mortgages, 71% of which were categorized … Read more

rbi: View: RBI strikes a right balance between growth and inflation

Governor Shaktikanta Das announced a 50-bps hike in policy repo rate to 5.9% from 5.4% during the monetary policy committee’s meeting on 30th September 2022 and maintained withdrawal of accommodation. With this, the rates have gone up 190-bps cumulatively since the start of the current calendar year. The rate hike was decided by a majority … Read more

After Ian, Florida Hospitals Evacuate Hundreds of Patients

Hundreds of hospital patients were being evacuated from facilities across the Fort Myers region Thursday after damage from Hurricane Ian cut off water supplies. One area hospital began assessing the full damage from ferocious winds that tore away parts of its roof and swamped its emergency room. Other health care systems in Ian’s path, from … Read more

Delhi’s education revolution made infra of schools world-class: Sisodia

Delhi’s “education revolution” has made the physical infrastructure of the schools world-class and empowered students with a strong growth mindset, Deputy Chief Minister Manish Sisodia said on Friday. Sisodia, who is also the city’s education minister, visited Sarvodaya Co-Ed School, I P Extension, on Friday and interacted with students there. “This … Read more

Natural gas prices hiked 40% to record levels; CNG, PNG to cost more

The government raised the prices of natural gas by 40 per cent to record levels on Friday. The decision, taken at the government’s biannual exercise for fixing the rates for the next six months, will take effect from October 1. This would lead to a steep increase in higher rates for Compressed … Read more