Business services provider Zventus has launched a blockchain lab for the financial services industry, specifically focused on modernizing the mortgage sector. The new Mortgage Blockchain Lab will focus on developing new products, services, and solutions to enhance the loan process. Zventus’ core competencies is combined with blockchain innovations to make mortgage loans more secure, easier […]
India’s economy logged a record growth in the three months to June, but that came from an extremely low base in the same period last year when the coronavirus pandemic and resultant lockdowns hurt economic activity severely. Gross domestic product grew 20.1 percent year-on-year in the April to June quarter versus a 24.4 percent contraction […]
After moving to the downside early in the session, stocks have shown a lack of direction over the course of the trading day on Tuesday. The major averages have climbed off their early lows and are currently little changed. Currently, the major averages are on opposite sides of the unchanged line. While the Nasdaq is […]
Consumer confidence in the U.S. saw a substantial deterioration in the month of August, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index tumbled to 113.8 in August from a downwardly revised 125.1 in July. Economists had expected the consumer confidence index to drop to […]
Krispy Kreme, the home of the Original Glazed Doughnut, has sweetened its offer of free doughnuts for Covid-19 Vaccination Card Holders for a week as an incentive booster to encourage more people to get vaccinated amid the recent spike in coronavirus infection rates across the U.S. The American doughnut company and coffeehouse chain is already […]
After ending the previous session mostly higher, stocks may give back some ground in early trading on Tuesday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 35 points. Profit taking may contribute to initial weakness on Wall Street after the S&P 500 […]
Reports on home prices, consumer confidence, and Chicago-area business activity might be the focus on Tuesday. Asian stocks finished mixed, while European shares are lower. Early signs from the U.S. Futures Index suggest that Wall Street might open broadly lower. As of 7.50 am ET, the Dow futures were down 7.00 points, the S&P 500 […]
Eurozone inflation accelerated more-than-expected to a near 10-year high in August, flash data from Eurostat showed on Tuesday. Inflation rose to 3 percent in August from 2.2 percent in July. This was the highest since November 2011 and also exceeded the European Central Bank’s 2 percent target and economists’ forecast of 2.7 percent. Core inflation […]
Asian stocks rose on Tuesday despite concerns over surging coronavirus cases in the region and the continuing regulatory clampdown in China. Investors ignored official data that showed China’s services industry contracted in August for the first time since the height of the pandemic early last year. Chinese stocks recovered from an early slide to finish […]
Rocky Top Farms is recalling its 10-ounce jars of “Cherry Butter” fruit butter citing the possible presence of undeclared milk, a known allergen, the U.S. Food and Drug Administration announced. The product comes in a 10-ounce, clear glass jar. All lots are affected with the recall. The product may have been sold individually or in […]