Grasim: Grasim’s big splash into paints may see others lose colour

Grasim: Grasim’s big splash into paints may see others lose colour

Mumbai: India’s paints industry could turn into the proverbial red ocean for several incumbents as Aditya Birla Group flagship Grasim makes a big splash with the ‘Birla Opus’ brand, potentially altering market share and profitability dynamics in a sector that has hitherto expanded with far fewer gyrations than one of its biggest revenue generators – … Read more

Trump faces obstacles to securing an appeal bond in fraud case

Trump faces obstacles to securing an appeal bond in fraud case

Former U.S. President Donald Trump gestures on the day of a court hearing on charges of falsifying business records to cover up a hush money payment to a porn star before the 2016 election, in New York State Supreme Court in Manhattan, New York, on Feb. 15, 2024. Andrew Kelly | Reuters Former President Donald … Read more

With mortgage rates staying high, renting is less expensive than buying

With mortgage rates staying high, renting is less expensive than buying

  Sturti | E+ | Getty Images The cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner. While both home prices and rent have outpaced wage growth in most areas, renting can be the smarter financial choice in many markets, said Susan M. Wachter, a … Read more

Mortgage demand takes a massive hit as interest rates cross back over 7%

Mortgage demand takes a massive hit as interest rates cross back over 7%

New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada, on June 28, 2023.  Andri Tambunan | AFP | Getty Images Mortgage interest rates surged last week to the highest level since early December, and that hit mortgage demand hard. Total application volume plunged 10.6% compared … Read more

Home Depot (HD) Q4 2023 earnings

Home Depot (HD) Q4 2023 earnings

The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico January 15, 2020.  Luis Cortes | Reuters Home Depot on Tuesday said quarterly sales declined nearly 3% year over year, but it surpassed Wall Street’s earnings and revenue expectations despite the cooler demand. The home improvement retailer said it expects … Read more

Judge Engoron to issue ruling in NY business case

Judge Engoron to issue ruling in NY business case

Former US President Donald Trump departs after speaking to the press after attending the civil fraud trial against the Trump Organization in New York State Supreme Court, in New York City on January 11, 2024. John Lamparski | AFP | Getty Images A judge could deliver a hammer blow to Donald Trump and his company … Read more

Mortgage rates shoot to 2-month high after hot inflation report

Mortgage rates shoot to 2-month high after hot inflation report

A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected. The average rate on the 30-year fixed mortgage … Read more

Where people are moving to escape poor air quality

Where people are moving to escape poor air quality

Eduardo Munoz Alvarez | Getty Images While both renters and homeowners are beginning to take climate hazards into consideration, affordability continues to drive moving trends. Between 2021 and 2022, about 1.2 million more homeowners and renters moved out of than moved into U.S. cities with high risk of poor air quality, according to a new … Read more

Brisbane cottage to be auctioned after it was vandalised by tenants

Brisbane cottage to be auctioned after it was vandalised by tenants

A Brisbane cottage vandalised by previous tenants is set to be auctioned next weekend. The one-bedroom home is located at 14 Haylock St in Wynnum, a coastal suburb in Brisbane’s eastern suburbs, and is described as a “hidden gem” in the listing. The steel-framed cottage was renovated and completely rebuilt four years ago, and is … Read more

Mortgage rates surge higher again, causing homebuyers to pull back

Mortgage rates surge higher again, causing homebuyers to pull back

Rooftops of homes in a gated residential community are seen in Pico Rivera, California on January 18, 2024.  Frederic J. Brown | AFP | Getty Images After a brief reprieve in December and January, mortgage rates are moving higher again, and that is taking its toll on mortgage demand. Total mortgage application volume fell 2.3% … Read more