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CIBC’s mortgage delinquencies moved higher again in the third quarter as a slower housing market continued to strain some borrowers, even as the bank reported only modest growth in its mortgage portfolio. The share of residential mortgages at least 90 days past due rose to 0.51%, up from 0.47% in the second quarter and 0.36%…
Bond yields broke long term highs yesterday and are moving slightly higher again today. In both cases, we’re NOT seeing the same level of intraday correlation with oil prices that we’ve almost always seen on days without another compelling motivation for bonds. That said, oil prices still moved higher, so we can’t discount its impact….
The Indian stock market began the week on a muted note, with the Sensex and Nifty closing almost unchanged from last week’s levels as strong Q1 earnings offset the impact of escalating Middle East worries. The Sensex rose over 43 points to close at 78,542, while the Nifty 50 gained around 13 points to end…
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Longtime partners OpenAI and Microsoft both indicated they were suffering from outages for key products on Monday, though there were no reports that the outages…
The S&P Dow Jones Indices (S&P DJI) has published the results for February 2026 concerning the S&P Cotality Case-Shiller Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which encompasses all nine U.S. census divisions, indicated a 0.7% annual increase for February. The 10-City Composite experienced an annual rise of 1.5%, a decrease…
If you leave your job at 40, your Employees Provident Fund (EPF) balance does not simply stop earning interest on the day you exit employment. The Employees’ Provident Fund Organisation (EPFO) has clarified that an eligible EPF account can continue to earn interest until the member turns 58, even without fresh contributions. The…