Thu, Sep 5, 2024 9:43 PM
Mortgage rates remain steady as Fed rate cut looms
A Flip by Shubhangi Gupta
Egypt’s inflation quickened after a reduction in fuel subsidies, disrupting a five-month streak of deceleration that was paving the way for the first interest-rate cut since 2020. Annual consumer prices in urban parts of the North African country rose 26.2% in August compared with 25.7% in July, state statistics agency CAPMAS said Tuesday.
Open Flip
Telehealth company Hims & Hers Health (NYSE: HIMS) has been great for investors this year by almost any standard; share prices have nearly doubled from a year ago. Yet shareholders aren't feeling the joy. The stock is down nearly 45% since peaking in June, and the negative momentum is weighing on investors. The market is suddenly questioning whether the company can succeed.
Open Flip
Open-ended equity mutual fund inflows rose 3.03 percent to Rs 38,239.16 crore during August amid tepid equity markets, according to the data released by the Association of Mutual Funds of India (AMFI), the industry trade body for mutual funds on September 10. Inflows into open-ended equity funds have remained in the positive zone for the 42nd month in a row.
Open Flip
