Business

FPC closes net on mortgage lenders bending stress test rules

FPC closes net on mortgage lenders bending stress test rules

Lenders, the committee said, are relying too heavily on borrowers keeping up payments as well as they have recently, and banks and other lenders have started lending to people with weaker credit records. While warning about the pace of credit expansion, Carney said it was still in line with increases in gross domestic product. "The problem is that household finances are starting to get stretched and many people are probably living beyond their means because of readily available credit, ...


Mike Lee 5th GOP senator against starting health bill debate

Mike Lee 5th GOP senator against starting health bill debate

The Congressional Budget Office announced these staggering numbers on Monday as some Republicans decide whether or not to support the Senate bill. While looking for tweaks that can satisfy the conservatives, Senate GOP leaders are also arguing that any Republican who fails to vote for the leadership bill will be responsible for leaving Obamacare standing.



Israel Mocks Iran's First Strike on ISIS in Syria As 'A Flop'

Iran has described the Tehran attackers as being " long affiliated with the Wahhabi ", an ultraconservative form of Sunni Islam practiced in Saudi Arabia. The operation comes just days after the U.S. Senate passed the Countering Iran's Destabilizing Activities Act by an overwhelming margin, a new sanctions legislation which targets Iran's ballistic missile program and applies sanctions against the IRGC.


6 ways Amazon could transform shopping at Whole Foods -- and everywhere else

6 ways Amazon could transform shopping at Whole Foods -- and everywhere else

Amazon has moved heavily into the grocery delivery business, offering food through its AmazonFresh service. Under the Amazon deal, it would continue operating stores under its Whole Foods banner, co-founder John Mackey would remain CEO, and Whole Foods would stay headquartered in Austin, Texas.


Whole Foods Physical Stores Are Vital to Amazon's Grocery Success

Whole Foods Physical Stores Are Vital to Amazon's Grocery Success

But Mackey also said that "Over time, there could be other formats that evolve that - that might - wouldn't be branded Whole Foods Market , potentially, wouldn't be our standards". Spinning off a separate brand and using Amazon's technology and customer data, while leveraging Whole Foods' logistics infrastructure and knowledge of the grocery industry could help keep the grocer's flagship brand pure with its core customers while letting Amazon capitalize on its grocery ambitions.


Hot Performer of the day: NVIDIA Corporation (NVDA)

Hot Performer of the day: NVIDIA Corporation (NVDA)

ZF, one of the industry's largest automotive suppliers, and HELLA, a leading tier 1 supplier of camera perception software and sensor technologies, will provide consumers with a complete self-driving system that integrates front camera units, as well as supporting software functions and radar systems.