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Increase in unemployment benefit claims

The number of citizens who are seeking the unemployment benefits has increased to 68 thousand in the last week. This accounts to total of 368 thousand unemployment benefit claims. The department of labor announced that the four week average rose to 328 thousand.

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Low close for Australian market prior to the federal meeting

The Australian stock market closed lower prior to the Federal Reserve meeting, says journalists at Yahoo Finance. The Federal meeting is forecasted to affect the investment in Australia. It is considered that some overseas news have driven the market today. The Federal Reserve meeting is planned to be held on Thursday of this week.

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The Debt Scenario in UK

Debt is a part and parcel of everyday life. However, it appears that many people, especially the new generation is not serious about managing it well. This in turn is bound to cause problems in the future, more so in the long term.

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Highest mortgage approval since 2008

The mortgage approvals are at the highest level in the last 51/2 years. 67,701 mortgages worth 10.5 million Euros were approved in October. The house price went up 6.5% in October and 6% in November.

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San Francisco’s growing pains

The mid-Market area, one of  S.F’s most crime ridden neighborhoods became the hub of tech companies after Mayor Edwin Lee in 2011 pushed through a payroll tax holiday for companies in mid-Market bringing in Twitter and 16 other companies, bringing thousands of jobs.  

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Traders wash away QBE by $4.2bn

QBE in trading halt to finalize review:

Insurance company QBE asserts that it can generate its devastating US business into an achievement after getting a near $1 billion reach and observing its stocks jump. Stunned traders responded brutally, wiping more than $4 billion right from the worth of one of the ASX’s 20 largest firms, with QBE stocks dropping $3.45 or 22.3 per cent, to $12.

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Securing a business loan

Every business requires cash to start, operate and sustain and achieving this is not an easy feat. It in fact manifests as a huge challenge for startups or new entrepreneurs. Most small business and startup loans range from $5000 to $5 Million.

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Not many takers for Business Loans

Until recently, it appeared that the efforts of the government to ensure easy access to funds, especially for small and medium businesses, had yielded good results. However, the latest data indicates that businesses’ enthusiasm to avail funds for new investments appears to be tapering off.

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How to cheat the 4% withdrawal rule?

According to the 4% withdraw rule, the retiree can withdraw 4% of money from his nest in the first year of retirement and the amount will be adjusted for inflation, every year. It is studied that people spend a lot less money in the later days of retirement than the first few years.

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Business Loans are now easier to obtain in the US

A survey of senior loan officers by the central bank reveals that the domestic banks in the US are now making changes in their policies so that it will become easier for businesses to procure funding. The survey also indicates that the competition among banks for business loans has been increasing lately. This bodes well for businesses of all sizes who were finding it hard to get financing for their business plans during the past few years due to the economic downturn.

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