Share to Twitter Share to Linkedin Topline Buying a home is the least affordable it’s been in over three decades, according to a metric released Friday, as home prices explode and Americans face record high prices elsewhere. Key Facts The National Association of Realtors’ housing affordability index, calculated using median single-family home prices, mortgage rates and median family incomes, hit 98.5 in June, a 3.6% decrease from May and 32.2% decrease since June 2021. This is the worst monthly score on the index since 1989, according to the Wall Street Journal . The median sale price of a single-family home rose to $423,300 in June, according to the association, an all-time high and a $7,900 increase from May. Houses are the least affordable in the West, with a 69.6 score on the index, followed by the South (99.3), Northeast (102.3) and Midwest (132.3). Contra Declining mortgage rates may soon help improve … [Read more...] about It Was Less Affordable To Buy A Home In June Than It’s Been In 33 Years
Gas prices 12 years ago
Richard Branson Taps Into a 400,000-Year-Old Practice to Unleash His Best Ideas. You Can Too
Successful entrepreneurs who make a difference are, in effect, professional storytellers, says Richard Branson . The ability to craft a compelling story behind a product, service, company, or cause has long been one of Branson's great passions. Entrepreneurs who want to excite people and engage hearts and minds should follow Branson's advice--use stories to transfer your ideas to another person. "Storytelling is a great way to get your views across, highlight how you and your company are different than your competitors, and also to work out new ideas," Branson says . Branson doesn't just talk about the power of story to build brands. He uses an ancient, clever practice to build storytelling skills among his Virgin teams and to elicit the best ideas. On Necker, Branson's private island, he likes to end the day swapping stories around an elaborate fire pit. "Storytelling is as old as the campfire, and as young as a tweet," Branson wrote in 2015 about his campfire … [Read more...] about Richard Branson Taps Into a 400,000-Year-Old Practice to Unleash His Best Ideas. You Can Too
Researchers Discover 279-Year-Old UFO Mystery Over London, England
Recently discovered journals written by the secretary for the Royal Society nearly 300 years ago document a slow-moving unidentified flying object over London. Cromwell Mortimer, a British physician and the second secretary of the Royal Society, tracked what appeared to be a slow-moving UFO for 30 seconds on Dec. 16, 1742, as it soared over central London shortly before 9 p.m., according to the Daily Express. “I saw a light arise from behind the trees and houses in the south by west point,” Mortimer described, according to the outlet. “When it had risen to the height of about 20 degrees, it took a motion nearly parallel to the horizon and went over the houses.” London UFO mystery: 279-year-old file found on ‘first of its kind’ sight over Westminster https://t.co/NsHP8snaka pic.twitter.com/n8CM6sczqx — Daily Express (@Daily_Express) August 11, 2022 He tracked the object as it flew over what he believed to be the Bloomsbury district of London, over Queen’s Square, … [Read more...] about Researchers Discover 279-Year-Old UFO Mystery Over London, England
Price freeze on petrol, diesel, LPG to hit profitability of IOC, BPCL, HPCL: Fitch Ratings
The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) this fiscal, Fitch Ratings said on Wednesday. The three state-owned fuel retailers haven't changed auto fuel prices for over four months now to help the government contain runaway inflation. "Marketing losses on account of price-freezes for gasoline (petrol), gasoil (diesel) and Liquified Petroleum Gas (LPG) during recent periods of elevated crude oil prices may pressure the profitability and, consequently, the credit metrics of Indian Oil Marketing Companies (OMCs)," Fitch said in a note. The rating agency expected OMCs' credit metrics to weaken beyond the negative triggers of their Standalone Credit Profiles (SCP) in the financial year ending March 2023 (FY23) as retail losses outweigh strong Gross Refining Margins (GRMs). "However, metrics should … [Read more...] about Price freeze on petrol, diesel, LPG to hit profitability of IOC, BPCL, HPCL: Fitch Ratings
Baltic Exchange shipping updates: Aug 12
- A + A A weekly round-up of tanker and dry bulk market (Aug 12, 2022) This report is produced by the Baltic Exchange. The Baltic Exchange, a wholly-owned subsidiary of Singapore Exchange, is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 650 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. For daily freight market reports and assessments, please visit www.balticexchange.com . Capesize The Capesize market continues to dwell in the doldrums as any attempts to spark a rally were quickly dealt a hammer blow as the 5TC closed the week at US$10,898 (RM48,434). This rate level is less than a third of the same time last year. The market was reasonably active this week. The Pacific market had most of the majors requesting tonnage for their West … [Read more...] about Baltic Exchange shipping updates: Aug 12
A New Year and a New Leader, but Germany’s Focus Remains on COVID
Germany Chancellor Olaf Scholz There was a new face delivering the chancellor’s New Year’s Eve address, but for COVID-19-weary Germans, the focus was all too familiar. Under normal circumstances, Chancellor Olaf Scholz — the first person in nearly two decades other than Angela Merkel to deliver the address — would have used the occasion Friday to lay out his vision and wish people a happy new year. But these are not normal circumstances, so while he was able to touch on a variety of issues like climate change, the economy and European security, the spotlight was on the coronavirus and the country’s response to it. In writing the speech, Scholz and his staff appeared keenly aware that their best hope of pushing through their agenda was to inspire a sense of national cohesion in a country where the differences have often been on vivid display. “What I perceive everywhere is a huge solidarity, an overwhelming willingness to help and a new sense of pulling together and … [Read more...] about A New Year and a New Leader, but Germany’s Focus Remains on COVID
Matrimony.com reports standalone Q1 net at Rs 12.88 crore
Online matrimonial services provider Matrimony.com Ltd has reported a marginal decline in its standalone net profit for the April-June 2022 quarter at Rs 12.88 crore, the company said on Friday. The city-headquartered company had reported standalone net profit at Rs 14.10 crore during corresponding quarter previous year, a company statement said. For the year ending March 31, 2022 the standalone net profit was at Rs 56.98 crore. Total income during the quarter under review grew to Rs 119.79 crore, from Rs 109.21 crore registered in the same period previous year. For the year ending March 31, 2022, the standalone total income was at Rs 450.86 crore. In a statement, company Chairman and Managing Director Murugavel Janakiraman said, "A good start to the year with a double digit year-on-year billing growth. It is also heartening to see our paid subscriptions grow 13.8 per cent year-on-year giving us the confidence that strategic priorities are making good progress." "We will … [Read more...] about Matrimony.com reports standalone Q1 net at Rs 12.88 crore
Hero MotoCorp Q1 Result | Consolidated profit grows 131% YoY to Rs 590 crore; revenue up 54%
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hero MotoCorp Ltd , on August 12, reported a 131 percent growth in its consolidated net profit at Rs 590 crore for the first quarter ended June 2022 as against Rs 256 crore recorded a year ago. On a sequential basis, the profit slipped 3.4 percent from Rs 611 crore earned during the January–March period. Consolidated revenue for the world’s largest 2-wheeler manufacturer rose 54 percent on-year to Rs 8,448 crore as compared to Rs 5,503 crore registered in the year-ago quarter. On a sequential basis, the revenue is higher by 12.7 percent against Rs 7,497 crore recorded in the previous quarter. The growth in the revenue was fueled by higher volumes and better realizations which were partly offset by a lower mix from the spares segment as well as lower export volumes. “The fiscal year began … [Read more...] about Hero MotoCorp Q1 Result | Consolidated profit grows 131% YoY to Rs 590 crore; revenue up 54%
NBA 2K23: 2K Unveils Details Of Jordan Challenge 2.0
Share to Twitter Share to Linkedin After spending an hour listening to Visual Concepts executive producers Erick Boenisch and Mike Wang discuss the revamped Jordan Challenge feature coming to NBA 2K23, one thing was clear: a lot of work went into making this redux feel like a new experience. The Jordan Challenge concept was originally introduced ahead of the release of NBA 2K11. Back 12 years ago, the mode took fans on a virtual and interactive tour of some of Jordan’s most iconic moments. Users were tasked with recreating these moments while hitting specific measurables to complete the experience. Most of that remains intact for the NBA 2K23 iteration with a ton more detail and nuance thanks to the use of the more powerful consoles available to gamers in 2022. In an effort to transport the user to the time of the Jordan moment being recreated, 2K has upped the ante on visual and audio presentation. Filters and era-specific television broadcast … [Read more...] about NBA 2K23: 2K Unveils Details Of Jordan Challenge 2.0
Just started working? Here’s how to become financially independent
Set aside a small sum of money every month for investing in equities when you get your salary. As Indian citizens, we are glad to live in a free country. But often, we take our freedom for granted, especially when it comes to financial freedom. Money here today might be gone tomorrow. That’s why it’s important to be financially free, especially if you’re starting your investment journey at a young age. If you are in your 20s , or even in your 30s , on your first, second or even third job, and are just embarking on your financial journey, here are some handy tips to make sure you become financially independent. Also read | How women in their first job can take control of their money Invest in equities Set aside a small sum of money every month for investing in equities when you get your salary. Maher Dhamodiwala, founder of Financial Artists, a Mumbai-based financial planning firm, says that at a young age when liabilities are low or zilch, people should … [Read more...] about Just started working? Here’s how to become financially independent