US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%

US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 1.14%. While S&P 500 was trading at 3,701.66, up by 0.98% and Nasdaq Composite 10,690.60 was also up by 0.71 per cent

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US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%
Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. Source: Reuters
US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 345.25 points or1.14 per cent. While S&P 500 was trading at 3,701.66, up by 35.88 points or 0.98 per cent and Nasdaq Composite 10,690.60 was also up 75.75 points or 0.71 per cent. A Reuters report said that today’s strength was on the back of a report which said the Federal Reserve will likely debate on signaling plans for a smaller interest rate hike in December, reversing declines set off by social media firms after Snap Inc’s ad warning.

Source: Comex

Nasdaq Top Gainers and Losers

Source: Nasdaq

Earlier today, Indian stock markets ended the week on a winning note. It was the sixth straight gains for equity markets. The BSE Sensex ended at 59,307.15, up by 104.25 points or 0.18 per cent from the Thursday closing level. Meanwhile, the Nifty50 index closed at 17,590.00, higher by 26.05 points or 0.15 per cent. In the 30-share Sensex, 13 stocks gained while the remaining 17 ended on the losing side. In the 50-stock Nifty50, 21 stocks advanced while 29 declined.

Instant Cash Payday Loans – Why They Make Sense

Most of us at one time or another will encounter a short-term financial situation that needs the injection of some cash to resolve. Maybe you need such a small amount of money that it does not make sense borrowing it over a long period, but the lenders will not allow you to borrow money for such a small amount of time. So what are you to do now, if your car is in need of repair and you have not got the money to repair it? This is where payday loans come in.A payday loan is designed to help people overcome short-term problems; as such they are only available for small amounts up to £750. However some lenders will actually restrict the amount that you can borrow the first time that you apply. Once the loan is repaid in its entirety on your next payday, they will then allow you to borrow more the next time you need any money. The lenders fees are simple and straight forward with a simple percentage added to the amount that you borrow. This means that you know exactly what the loan will cost you to repay, even before you apply, because there are no other hidden costs or admin fees.On successful completion of your loan the money is normally paid into your bank account on the same day that you apply, quite often without the need of any faxes or post. However in some cases where the lender is unable to confirm your details automatically they will request that you fax in some simple documentation to prove you are who you say you are.The lenders do what they can to make sure that they will only lend money to people who they think are able to repay them on their next payday. They do this because if you repay the loan on full at the end of the month then a payday loan is a viable option. However if you roll the loan over to another month or more, then you may as well have taken out a more long-term loan in the first place as that would then become a more cost effective alternative.So why do payday loans get so much bad publicity?The main reason that payday loans get as much bad publicity is because most people only look as far as the advertised APR (Annual Percentage Rate). What they should be doing is looking at what the loan is going to cost them in real terms, by looking at the total interest that is charged.So what is APR?The APR is the interest rate and any other charges expressed as an annual interest rate charge. The use of an APR is a useful way of comparing loans that are alike i.e. paid back over a longer period of time. But when you are comparing products which are miles apart such like payday loans with only one repayment or any other loan type that is repaid over numerous monthly repayments.See the details below which should make it easier for you to understand this;With a personal loan for £500 which has an APR of 19.9% taken out for 36 months will cost a total of £653 to repay; this equates to 31% being added to the cost of the loan in interest charges.If you were to take out the exact same loan but this time for 60 months it would cost a total £766 to repay the loan; this equates to an interest charge or 53% of the loan amount.Yet if you were to take out a payday loan for the same amount it would only cost you £625 to repay at an APR of 1737%; this equates to 25% being added in the way of interest.As you can see from the examples detailed above the APR for the two multiple repayment loans are exactly the same, yet the amount repaid and the actual interest charged expressed as a percentage of the amount borrowed is significantly different. They both also cost much more than a payday loan yet the APR indicates a totally different story.So if you need a small amount of cash to overcome a short-term financial issue ignore the APR and look at what the loan will actually cost you. You will then see that a payday loan is in fact a very competitive option indeed.

Doing Business in Cancun, Mexico

Many people from all over the world come to Cancun and the Riviera Maya in search of business opportunities. It is easy to be dazzled by the splendor of sprawling luxury resorts and white sand beaches that stretch for mile upon mile down the coast, but anyone coming here to prospect for business needs to look beyond this, and at the same time see it for what it really is. The Mexican Caribbean is a tremendous tourism draw and is in the first place in all of Latin America for foreign visitors each year, which translates into billions of Dollars being generated, both in tourist spending and tourism infrastructure, such as hotels and real estate developments, as well as the consumption of goods and services of a city of nearly 1 million inhabitants.The reality here, is that all business is ultimately dependent upon the stream of tourism; there is no manufacturing of any kind nor are any products made, other than some negligible amount of handicrafts. Cancun and the Riviera Maya are voracious consumers of goods and services, but do not generate a product outside of being a major tourist destination with attractive and varied real estate offers. To illustrate this point, there is an ocean container ship that arrives each Thursday in Puerto Morelos (10 miles south of Cancun) loaded with full containers of goods coming from Miami, but it always leaves empty, or nearly so. There is a lot coming in, but virtually nothing being shipped out.Anyone casting an eye on the area for business, needs to know that there are really two main areas that have enduring potential: Tourism/Entertainment and Real Estate and its ancillary services. Once this is clear, then there are many attractive opportunities at hand, and fortunes to be made. Naturally, being a city of nearly a million people, there are also business opportunities in everything from retail commerce to providing any combination of goods and services to the local population. Cancun has good communication infrastructure and is a powerful brand recognized throughout the world. While learning to do business in Mexico can be challenging, there are also many rewards to be reaped for those with intelligence and perseverance.Living on the beach year round may also be a great reason to move here and grow your business. If you are ready to test the waters, an excellent option for short term affordable housing with available business services in the same building is Art Deco Suites. Having a safe and clean place to base yourself while you get your bearings in a new environment is key. Art Deco Suites provides tastefully appointed and completely furnished Suites right in the heart of downtown Cancun and include free wireless broad band internet access, unlimited calling to the US and Canada, as well as a large conference room, and short term furnished office space and bilingual secretarial services by the day.