As Trump Pushes Housing Affordability, His Mortgage Chief Undermines It
Under Bill Pulte, Fannie Mae and Freddie Mac have pulled away from efforts to help low-income people buy homes. Source link
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RBI proposes changes to banks’ forex positions
The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
What to Know about Bilt’s New Rewards Program for Mortgage and Rent Payments
Bilt, a rewards and payments start-up, has three new credit cards that can help users earn points when they pay their mortgage. You will need to do math. Source link
India-China trade: India’s exports to China rise in 2025, deficit climbs to record $116 bn
India’s shipments to China posted a rare year-on-year increase in 2025, even as the bilateral trade gap ballooned to an all-time high, underlining the persistent imbalance in the two-way economic relationship, PTI reported.Data released by Chinese customs on Wednesday showed that Indian exports to China rose by $5.5 billion during January–December 2025, taking total outbound…
The Swedish Start-Up Aiming to Conquer America’s Full-Body-Scan Craze
Neko Health, backed by the Spotify founder Daniel Ek, plans to open in New York this spring. Source link
Auto trade: US tariffs to bite in H2 as contract uncertainty clouds outlook; ACMA flags margin stress
The auto component industry expects the real impact of US tariffs to play out in the second half of the current financial year, with uncertainty beginning to cloud fresh export contracts even as existing supplies continue, industry body ACMA said on Wednesday.Despite global headwinds, the sector posted steady growth in the first half of FY26….
U.S. Weighs Expanding Private Companies’ Role in Cyberwarfare
The proposal raises a host of questions about the legality and practicality of bolstering the involvement of the private sector in offensive cyberoperations. Source link
US markets today: Wall Street slips for second session as bank earnings disappoint; oil and gold climb
US stock markets edged lower again on Wednesday as mixed earnings from major banks and a rise in oil and gold prices kept investors cautious. The S&P 500 slipped 0.3 per cent, extending its decline a day after hitting an all-time high. The Dow Jones Industrial Average fell 84 points, or 0.2 per cent, while…
Britain Awards Wind Farm Contracts That Will Power 12 Million Homes
The British government provided guaranteed electricity prices to a group of wind farm developers in what it says is an effort to bring down power costs for consumers. Source link
Infosys Q3 results: Net profit slips 2.2% to Rs 6,654 crore; revenue climbs 8.9% to Rs 45,479 crore
IT services major Infosys on Wednesday reported a 2.2 per cent decline in consolidated net profit to Rs 6,654 crore for the October–December quarter of FY26, even as revenue from operations rose nearly 9 per cent year-on-year.The Bengaluru-headquartered company had posted a net profit attributable to owners of the company of Rs 6,806 crore in…