Bank of Korea Cuts Rates As Concerns Grow over Slowing Economy and Trump

US central bank lowers interest rates by quarter point as new Trump term looms

Rates are now at 4.5% to 4.75%, after two reductions by the Federal Reserve starting in September. The US Federal Reserve lowered interest rates by a quarter point on Thursday, knocking them ...

World - The Guardian - November 7

Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle

President-elect Trump has many tax cut plans and a promise to 'end all taxes on overtime', but in Congress, it's likely something has to give, and someone lose.

Business - CNBC - November 15

South Korea's president denies wrongdoing in a growing scandal

South Korea's president has denied wrongdoing over a burgeoning influence-peddling scandal involving him and his wife

World - ABC News - November 7

Trump campaign faces growing outrage over racist rhetoric at MSG

As the Trump campaign faces growing backlash over racist rhetoric made by guest speakers at his rally in New York City, Vice President Kamala Harris is pouncing on the opportunity, putting out new ...

Politics - NBC News - October 29

‘Frightening to consider’: fears grow over Trump’s threats to political foes

Critics alarmed by talk of revenge against Democrats and say second Trump term would pose unprecedented danger. US elections 2024 – live updates Donald Trump’s extremist attacks on top ...

World - The Guardian - October 30

Alarm grows over Trump and Musk’s blizzard of baseless voter-fraud claims

Falsehoods swirling on X and other platforms undermine trust and create potential for violence, critics warn. US election 2024 live: latest updates US election results 2024 – live tracker ...

World - The Guardian - November 5

Misinformation concerns grow as Election Day nears

A flood of false information around the election is already ramping up on the internet, making it hard for voters to know what’s actually real. Already in Pennsylvania, a viral video claiming to ...

Politics - NBC News - October 31

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade

Sweden’s central bank has cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction in over a decade

World - ABC News - November 7

Economy gets boost after election on hopes of lower interest rates and pro-business Trump presidency, survey finds

The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by optimism about falling interest rates and the prospect of a pro-business Trump ...

Business - MarketWatch - 5 days ago

If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

Business - The New York Times - November 7

Eurozone economy grows 0.4% in third quarter

Figure beats expectations of 0.2% expansion

Business - Financial Times - October 30

Brazil’s growing gambling habit threatens to hit economy

Explosion of online sports betting in South American nation sparks warnings about its damaging impact

World - Financial Times - November 10

UK economy barely grows with Budget fears blamed

The chancellor says she is "not satisfied" by the latest growth figures, which were weaker than expected.

Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...

How Trump’s win and the latest interest-rate cut will affect you as a consumer, homeowner and investor

Also: Expensive stocks, a Medicare warning and another milestone for Nvidia.

Business - MarketWatch - November 8

'The market is right': Former Fed policymaker Mester sees fewer rate cuts next year after Trump's victory

The U.S. Federal Reserve could carry out fewer rate cuts than previously expected next year should President-elect Donald Trump's proposed global tariffs take hold, former Fed policymaker Loretta ...

Business - CNBC - November 12

House, Senate GOP battle over length of Trump tax cut extension

House Republicans are pushing back on Senate GOP negotiators over how long to extend President-elect Trump’s tax cuts, which are due to expire at the end of 2025. Sources familiar with the early ...

Politics - The Hill - Yesterday

Concerns over 2024 election betting

New data shows more than $100 million has been legally wagered on the Kamala Harris and Donald Trump presidential race. Koleman Strumpf, the Burchfield Presidential Chair of Political Economy at ...

GDP Report Shows US Economy Grew at 2.8% Rate

In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.

Business - The New York Times - October 30

Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.

Business - The New York Times - November 20

UK will allay Trump concerns over Chagos Islands, says minister, as Priti Patel says Tories opposed to deal– as it happened

Stephen Doughty, foreign office minister, says if UK had not negotiated a deal with Mauritius, ‘a legally binding decision against UK seemed inevitable’. Wes Streeting has now delivered his ...

World - The Guardian - November 13