Amid banking challenges, private credit funds want to finance more US businesses.

BlackRock (NYSE:BLK) Investment Institute sees a dramatic change in the US financial sector as banks confront more competition and more private credit firms will support enterprises. This development fits within a larger worldwide industrial trend valued at $1.6 trillion. Research by Jean Boivin and Alex Brazier suggests that banks’ capacity to credit small and medium-sized … Read more

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US STOCKS-Nasdaq closes down due to rising rates, as chipmaker shares fall

Tuesday’s closing price of U.S. equities was flat to lower due to an increase in Treasury rates and a decline in chipmaker shares following the announcement by the Biden administration that it would stop shipping cutting-edge artificial intelligence processors to China. Nvidia’s stock fell dramatically along with the Philadelphia SE Semiconductor index, despite the fact … Read more

DFC in the US would provide Dalmia Polypro with $30 million to construct a factory in Maharashtra.

On Wednesday, Dalmia Polypro Industries received a USD 30 million commitment from the US International Development Finance Corporation (DFC) for the construction of a plastic recycling facility in Maharashtra. According to a statement from DFC, Dalmia, which creates premium recycled materials from post-consumer plastic waste, will raise the funds necessary to finance the new recycling … Read more

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Oil Rises 2% Amid Israel-Hamas Conflict; Stocks Hold: Markets Close

Europe’s Stoxx 600 Index remained almost unchanged and S&P 500 futures fell 0.2% as surging energy equities helped offset other drops. As speculators snatched up refuge assets, gold prices surged. The most valuable technological business in Europe, ASML Holding NV, fell 1.7% as a result of a sharp decline in orders received during the third … Read more

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10% increase in Bank of America profits

The second-largest US bank, Bank of America (BAC), saw a 10% increase in third-quarter earnings compared to the same period last year because to increased interest income and solid Wall Street performance. It revealed $25.2 billion in revenue and $7.8 billion in profits, a 3% increase over the previous year. The difference between the amount … Read more

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Following a strong retail sales report, stocks largely close flat: today’s stock market headlines

Tuesday’s market closing was largely unchanged following the unexpectedly strong retail sales figures and the accelerating earnings season. S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) remained close to the flatline, although contracts on the tech-heavy Nasdaq 100 (^NDX) ended the day down by 0.25%. At 4.85%, the 10-year Treasury yield is at … Read more

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Following a strong retail sales report, stocks largely close flat: today’s stock market headlines

Tuesday’s market close was largely flat following the unexpectedly strong retail sales figures and the accelerating earnings season. S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) remained close to the flatline, although contracts on the tech-heavy Nasdaq 100 (^NDX) ended the day lower by 0.25%. At 4.85%, the 10-year Treasury yield is at … Read more

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Despite the challenging housing market, buyers are making larger down payments than ever before.

The third quarter saw an 11.3% year-over-year increase in the US median down payment to $30,434, the largest amount since Realtor.com began collecting data in 2013. During the same period, the average down payment percentage—which was also the highest in the previous ten years—reached 14.71% of the purchase price. According to the trend, purchasers in … Read more

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