China’s stock-market correction ‘almost over,’ PBOC official says

The selling is about over for China’s slumping stocks, argues Yi Gang, deputy governor of the People’s Bank of China. Gang said at an annual meeting of the International Monetary Fund that his country’s stock-market correction is “almost over,” according to media reports on Sunday and Monday. However, a Wall Street Journal report over the weekend said that six weeks after the Chinese stock market hit a floor following a sustained selloff, Beijing can claim credit for halting the decline, but not much else. The Chinese government is now left with a market in the doldrums, the Journal report said. Chinese shares surged Monday.

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From:: Stock Market News

Chinese finance minister says U.S. shouldn’t raise rates yet

It’s not yet a good time for the U.S. to hike its interest rates as the global economy is still sluggish, said Chinese Finance Minister Lou Jiwei over the weekend at the International Monetary Fund’s annual meeting, according to a South China Morning Post report. “The U.S. should bear more global responsibility and is not yet in the condition for an interest rate hike,” Jiwei said, according to the report, which said his comments indicate Beijing’s unease about the impact that the move might have on the Chinese economy. Jiwei’s comments differ from remarks made at the IMF meeting by other emerging-markets officials, who urged the U.S. Federal Reserve to stop dithering on rate hikes.

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From:: Stock Market News

Nearly 500 Southwest AIrlines flights delayed by tech glitch

A technology problem has delayed at least 450 Southwest Airlines flights Sunday, according to a statement from the discount carrier . By late afternoon, more than 10 percent of the airline’s scheduled flights had been affected. Passengers are being asked to arrive at least two hours ahead of flight times and to use airport kiosks to print boarding passes and baggage tags.

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From:: Stock Market News

Donald Trump says he carries a gun “sometimes”

Republican presidential front-runner Donald Trump said in an interview Sunday that he carries a gun “sometimes,” and that “I feel much better being armed.” Trump told an interviewer on CBS’s “Face the Nation” that he obtained a concealed weapons permit long ago because “I like to have myself protected.” Trump said of last week’s mass shooting at an Oregon community college “had somebody in that room had a gun, the result would have been better.”

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From:: Stock Market News

Sothwest Airlines cites “technology issues” for flight delays: report

Southwest Airlines is seeing some flights delayed by “technology issues” according to a published report Sunday. The discount airline is urging travelers to get to Midway Airport in Chicago at least two hours before departure, the Chicago Sun-Times reported. Employees are manually processing passengers ahead of their flights, according to the report.

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From:: Stock Market News

Bill Proposing TRID Hold-Harmless Period Passes House

As the real estate industry proceeds with implementation of the now-effective TILA-RESPA Integrated Disclosure rule (TRID), a bill designed to assist smaller lending, title and escrow companies with compliance passed the House of Representatives on Wednesday, October 7. The bill, titled the Homebuyers Assistance Act (H.R. 3192), proposes a period in which these parties will […] …read more

From:: Finance and Economy

Iraq reportedly strikes convoy carrying ISIS leader Baghdadi: report

Iraq officials claimed in a statement that Iraqi aircraft hit a convoy carrying Abu Bakr al-Baghdadi, the leader of the Islamic State, according to a published report Sunday. Baghdadi’s fate wasn’t clear, according the report from AFP.

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From:: Stock Market News

Social Security benefits unlikely to rise next year: report

Social Security recipients shouldn’t expect an increase in benefits next year, according to a published report Sunday. Falling gasoline prices over much of the last year mean the cost-of-living adjustment, set to be announced Thursday, will likely be zero, the Associated Press reported. The COLA adjustment affects payments to around 70 million Americans.

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From:: Stock Market News

Strongest Apartment Market in 9 Years

By Rachel Jefferson

The nation’s apartment market is currently experiencing the highest rental occupancy rate since 2001, with rates hitting 95.3%. Axiometrics is now reporting the highest annual effective rent growth we have seen in the last nine years, with the average rent up $59 from last year. What does this mean for property managers? Check out the staggering statistics in this new article on MultiFamily Executive.

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From:: Property Management