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Bank of Japan Raises Interest Rates to Highest Level Since 2008
The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.The New York Times - 13h -
Store closures hit highest level since pandemic — see who is shutting down the most locations
The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.CNBC - 1d -
Chiefs trying to end this shocking 17-year drought by NFL teams that started with undefeated Patriots in 2007
The NFL's final undefeated team hasn't won the Super Bowl in nearly 20 yearsCBS Sports - 3h -
Bank of Japan raises rates to highest level in 17 years
Central bank signals more increases to come if wage and price growth hit forecastsFinancial Times - 12h -
Japan hikes rates to highest since 2008 as sustained inflation, rising wages signal 'virtuous cycle' in play
The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.CNBC - 16h -
Japan core inflation climbs to a 16-month high, boosting case for rate hikes
The Bank of Japan is expected to raise rates by 25 basis points later in the day as it concludes its monetary policy meeting.CNBC - 20h -
Store closures hit highest level since pandemic — see who is shutting down the most locations
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry ...NBC News - 1d -
More Americans file for unemployment benefits, continuing claims highest in 3 years
Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three yearsABC News - 1d -
Turkey's central bank lowers benchmark interest rate to 45%
Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 45%ABC News - 1d -
Japan’s biggest banks hit valuation landmark as BoJ weighs rate rise
Largest lenders now trade at or close to their book values for first time in almost a decadeFinancial Times - 1d -
Bank of Japan is expected to hike rates this week, CNBC survey shows
Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.CNBC - 2d -
Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?
The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.MarketWatch - 4d -
BoJ looks to raise rates in shadow of Trump inauguration
Increase would further entrench officials’ move to normalise monetary policyFinancial Times - 4d -
Treasury yields end at lowest levels in weeks on rate-cut possibilities
Yields on U.S. government bonds ended at their lowest levels in weeks on Thursday after one key policymaker spoke about the possibility of multiple 2025 interest-rate cuts by the Federal Reserve.MarketWatch - Jan. 16 -
Luxury goods groups drive European stocks to highest level in a month
LVMH and Hermès push up Cac 40 after Richemont’s better than expected salesFinancial Times - Jan. 16 -
UK economy's disappointing November growth fuels the case for Bank of England rate cut
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.CNBC - Jan. 16 -
Bank of Korea leaves rates unchanged in a surprise move, warns GDP growth 'highly likely' to miss forecasts
Economists polled by Reuters had estimated a 25-basis-point cut to 2.75%CNBC - Jan. 16 -
Stocks fall back to pre-Election Day levels amid renewed inflation and interest-rate concerns
The post-Election Day rally in stock prices is fading amid forecasts that the Federal Reserve will not lower interest rates as much as expected.NBC News - Jan. 13 -
FirstFT: Dollar hits 2-year high as interest rate assumptions change
Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El SalvadorFinancial Times - Jan. 13 -
This 36-year-old sci-fi 'nerd' quit his banking job to start a deep space startup that has raised $24 million
"It was in banking that I finally realized why the internet sucked," says Rohit Jha, co-founder and CEO of Transcelestial.CNBC - Jan. 12 -
10-, 30-year Treasury yields end at highest since November 2023 after strong jobs report
Yields on 10- and 30-year U.S. government debt finished at their highest levels in over a year on Friday after December payrolls data came in stronger than expected, reducing market expectations ...MarketWatch - Jan. 10 -
10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report
U.S. Treasury yields jumped after December's jobs report was stronger than expected.CNBC - Jan. 10 -
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.The New York Times - Jan. 9 -
UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.
UBS stock reached a new 16-year high after the Wall Street Journal said the bank is about to get fined hundreds of millions of dollars.MarketWatch - Jan. 9 -
10-year Treasury yield rises to highest since April as Fed notes upside risk to inflation
The benchmark yield topped 4.7%, after the latest Fed meeting minutes indicated greater concern over inflation.CNBC - Jan. 8 -
UK 10-year borrowing costs hit highest level since 2008
Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rulesFinancial Times - Jan. 8 -
US applications for jobless claims fall to 201,000, lowest level in nearly a year
U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffsABC News - Jan. 8 -
Mortgage rates hit highest level since July, crushing application demand
Total mortgage application volume dropped 3.7% compared with the previous week.CNBC - Jan. 8 -
London has the highest birth rates among over-40s. But what’s driving the shift?
Housing costs, career focus and access to IVF has driven people to delay parenthood in the capitalFinancial Times - Jan. 8 -
10-year Treasury yield ends at highest since April as inflation worries grow
U.S. government debt sold off aggressively on Tuesday, pushing the benchmark 10-year rate to its highest level in more than eight months, after an ISM services-sector reading contained signs of ...MarketWatch - Jan. 7 -
Oil futures settle at their highest level since October
Oil futures finished higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with and buoyed by expectations for stronger demand.MarketWatch - Jan. 7 -
UK long-term borrowing costs hit highest level since 1998
Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rulesFinancial Times - Jan. 7 -
30-year Treasury yield ends at highest since November 2023 after report of Trump tariff plans
Yields on U.S. government debt finished mostly higher on Monday as traders focused on a report about President-elect Donald Trump’s plans for applying tariffs.MarketWatch - Jan. 6 -
Deadly New Year's trend strikes again in Japan
Choking on mochi is so common that authorities offer tips every year on how to help someone who has the food lodged in their throat.CBS News - Jan. 6 -
Investment banks prepare for crunch year in 2025
Boutiques counting on M&A rebound to support elevated valuations and star hiresFinancial Times - Jan. 6 -
How a 17-year-old Darts Phenomenon Achieved Sporting Greatness
World champion, famous, a millionaire. What on earth is next for Luke Littler, other than impending adulthood?The New York Times - Jan. 4 -
17-year-old Luke Littler claims historic darts world title
Luke Littler makes history at Alexandra Palace with victory over Michael van Gerwen in PDC World Darts Championship final.BBC News - Jan. 4 -
WWE begins its Netflix era after years of controversy, drama and ratings
On Monday, WWE "Raw" will stream exclusively on Netflix. The wrestling franchise is hoping for a huge global and multigenerational audience following years of success on TV and drama inside and ...Los Angeles Times - Jan. 3 -
Wholesale gas price hits highest level in 14 months after Russian supplies stop
Transit agreement with Ukraine expires as storage supply levels in Europe fall at fastest rate since 2021. Business live – latest updates The wholesale price of gas has risen to its highest ...The Guardian - Jan. 2 -
