Almost half of mortgaged homes in U.S. now considered equity-rich

Home ownership has reached a milestone in the U.S. Nearly half of mortgaged properties were considered equity-rich in the second quarter — meaning owners had at least 50% in home equity. This marked the ninth straight quarterly rise, fueled by soaring house valuations in the pandemic era and an increase in down payments by recent … Read more

Mumbai: 19 dead as building once considered fit for demolition collapses

At least 19 people were killed and 14 injured after a four-storey building, which had been declared as dilapidated once but later held to be ‘reparable’, collapsed in Mumbai’s Kurla area around Monday midnight. Following the incident, another building in the complex of four buildings, Naik Nagar Housing Society, … Read more

Agniveers to be considered for physical education teachers: Anurag Thakur

Amid the ongoing protests across the country over the Agnipath scheme, Union Minister for Youth Affairs and Sports Anurag Thakur on Saturday said that after retirement from service, Agniveers will be considered for appointment as physical education teachers in schools. Speaking to ANI, The Union Minister said when the … Read more

Grubhub co-founder said to have considered buying back company from Just Eat Takeaway

Brett_Hondow/iStock Editorial via Getty Images Grubhub co-founder Matt Maloney was said to work with private equity firm General Atlantic to consider buying the food delivery outfit back after he sold it to Just Eat Takeaway (OTC:JTKWY) for $7.3 billion last year. Maloney decided against purchasing the company earlier this year, according to a Sunday Times … Read more

Archegos considered becoming Deutsche Bank’s biggest shareholder via HNA stake

Archegos Capital Management in 2018 considered becoming the largest shareholder in Deutsche Bank by taking over a stake controlled by Chinese conglomerate HNA. The family office, which imploded in 2021, received information about HNA’s stake that Archegos believed came from Deutsche chair Paul Achleitner, according to two people familiar with the matter. Those people, and … Read more

75 basis point rate hike not being ‘actively considered’ By Reuters

© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in Washington, U.S., March 3, 2022. Tom Williams/Pool via REUTERS (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said central bank officials are not “actively” considering a rate hike of three-quarters of a percentage point at coming monetary policy … Read more

BSE head asks if Nobel prize will be considered for PM’s food scheme

Bombay Stock Exchange chief Ashish Chauhan on Friday hailed the Prime Minister for successfully executing the world’s largest free food programme during the Covid-19 pandemic, and questioned if the Nobel Peace Prize Committee will “seriously” look into the role of Narendra Modi and the Centre for the award. The Nobel … Read more