Author Archives: FinanceUpdates

US Employment Report Helps Dollar to Gain While Asian Market Floats Around Three-Year High

Asian stocks levitate around a three-year high on Thursday because of euro-area monetary policy decisions and job data indicating robust employment which kindles the hope that US nonfarm payrolls report would bolster investor’s confidence by proving the economy is getting up to the speed. Morgan Stanley Capital International’s broadest index of Asia-Pacific stocks outside Japan stood at 499.88 on Thursday, ...

Read More »

Travel Insurance – Don’t Travel Without Protection

Travel insurance Belleville Ontario

In this fast paced life, many crave for a holiday to steal some moments and make sweet memories with their loved ones. We often plan for these holidays with much vigor and excitement. However, all the fun may be ruined pretty quickly with an unwanted accident. All of a sudden this much needed quick break literally turns into a nightmare ...

Read More »

SanDisk to Buy Fusion-IO to Capture the Flash-Based SSD Market

SanDisk Corp. is all set to buy Fusion-io Inc. for a whopping $1.6 billion. SanDisk is famous for supplying flash storage drive to business customers. To make a much felt presence in this domain, SanDisk has decided to acquire Fusion-io. Analyst Steven Fox wrote, “SanDisk was already positioning the company as more of a enterprise storage company … what the ...

Read More »

Fixed Mortgage Rates are lower than the Previous Year

Good news for US housing industry. Data released by Freddie Mac shows fixed mortgage rates are lower for the first time in 12 months. A week ago, 30 year fixed rate average was 4.17%. Today, it comes down to 4.14% with an average of 0.5 point from previous year’s 4.46%. Interestingly, mortgage rate was 4.12% at the end of last ...

Read More »

US Stock Market Ended on Monday with Mixed Results

Continuing unrest in Iraq have caused US stocks on Monday to finish with mixed economic data. Stocks ended on Monday being marginally lower. The S&P 500 and Dow Jones Industrial Average went up after making decent gains for six consecutive days. At the beginning of the day, the equity indices were low, for the rest of the day, they were ...

Read More »

Recovering US Housing Starts Fell Short of Estimation

The US housing market has been slowly recovering for last few months. But between the months of April and May, housing starts fell 6.5% to a seasonally adjusted annual rate of 1,001,000. The revised April estimate was 1,071,000. The rate however is 9.4% more than May 2013 rate of 915000. With this steep decline, the housing market in US heads ...

Read More »