Bank of Korea cuts interest rates after holding for almost two years
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World - ABC News
South Korea's central bank cuts rates in a bid to boost the economy
South Korea’s central bank cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country’s level of household debt1 hour ago - South Korea -
Lifestyle - The New York Times
For Two Years, a Scent of Love Had Lingered
As colleagues, Ariana Silvestro and Nicholas Kluender developed feelings for each other in 2016, but waited to pursue them.4 hours ago -
Business - CNBC
Bank of Korea cuts interest rates after holding for almost two years
The BOK cut its benchmark interest rate from 3.5% to 3.25% after a “clear trend of stabilization” with inflation.5 hours ago -
World - The Guardian
Middle East crisis live: at least 22 people killed in deadliest Israeli strike on central Beirut since start of war, officials say
Senior Hezbollah official Wafiq Safa reportedly targeted in air attack that has wounded more than 100 people. How a year of war laid waste to the Gaza Strip – visualised Diplomatic ...7 hours ago - Israel -
Top stories - CBS News
Inflation rate hits lowest point in 3 years
Consumer prices are gradually cooling off in the U.S., according to the latest Labor Department numbers. The annual inflation rate hit 2.4% in September, the lowest point since February 2021. CBS ...8 hours ago - Inflation -
Business - CNBC
Jim Cramer lists 10 stocks on the S&P 500 that notched the biggest gains in the past two years
CNBC's Jim Cramer reviewed stocks that led the market cap-weighted index to new heights over the past two years.9 hours ago -
Business - MarketWatch
10-year Treasury yield ends near 4.1%, the highest since July, after CPI inflation data
Treasury yields finished mostly higher Thursday as traders tried to gauge the Federal Reserve’s likely next steps on interest rates after September’s slightly stickier consumer-price index ...11 hours ago -
Business - CNBC
10-year Treasury yield tops 4.10% as Fed's Bostic says he's OK with pausing rate cuts
The yield on the 10-year Treasury note rose as investors studied fresh inflation and data, and commentary from Atlanta Federal Reserve President Raphael Bostic.12 hours ago -
Top stories - CBS News
TD Bank to pay $3 billion after breaking U.S. money laundering rules
TD Bank allowed money laundering networks to move more than $670 million through its accounts between 2019 and 2023, Justice Department said.12 hours ago -
Business - CNBC
The Fed is finally cutting rates, but banks aren't in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.13 hours ago - Federal Reserve -
Business - MarketWatch
JPMorgan, Wells Fargo to kick off bank earnings parade as Wall Street weighs lower interest rates
JPMorgan Chase & Co. and Wells Fargo & Co. kick off third-quarter earnings season this coming Friday, as Wall Street looks for fresh clues on how lower interest rates may boost profits for big U.S. ...14 hours ago -
Business - MarketWatch
Pfizer’s stock dips after two former execs say they won’t support Starboard
Activist investor Starboard Value claims the pharma giant’s former CEO and CFO were “threatened” into backing current management.15 hours ago -
Business - Financial Times
ECB will need to step up rate cuts if outlook darkens, chief economist said
Gloomy economic data concerned Philip Lane and other policymakers, minutes of September meeting reveal17 hours ago -
Top stories - CBS News
3 big risks of waiting for mortgage interest rates to fall
While trying to time the market may land you a better interest rate, it can also come with some risks to consider.17 hours ago - Mortgage -
Top stories - CBS News
What is a mortgage interest rate modification and how do you get it?
A mortgage rate modification could make sense if your mortgage payments or current rate are higher than you'd like.18 hours ago -
Business - MarketWatch
The Fed’s cutting rates. Here are three yield curve scenarios, and what they’d mean for the stock market
Tan Kai Xian, an analyst at financial research service Gavekal, says there are three scenarios for the yield curve, and for each he gives the implication for the U.S. stock market.19 hours ago -
World - Financial Times
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you19 hours ago -
Business - Financial Times
Ikea posts first drop in revenue since 2020 after cutting prices
Flat-pack furniture retailer returns to policy of lowering furniture costs after pandemic-era increases21 hours ago -
Business - MarketWatch
The Federal Reserve’s interest-rate panic is creating a windfall for retirees
Those who need to generate low-risk income out of their savings can earn more than they could have done even a few weeks ago.22 hours ago -
Business - CNBC
7-Eleven's parent company cuts full-year earnings forecast, presses ahead with restructuring
The news comes as the Japanese retail group resists a takeover attempt by Canada's Alimentation Couche-Tard.23 hours ago -
Business - CNBC
Fed officials were divided on whether to cut rates by half a point in September, minutes show
The Federal Reserve on Wednesday releases minutes from its Sept. 17-18 policy meeting.Yesterday - Federal Reserve -
Sports - The New York Times
Why Ford Is Returning to Formula 1 After Two Decades Away
The American automotive giant is returning to the grid in a partnership with one of Formula 1’s most successful teams.Yesterday -
Politics - The Hill
Mortgage applications drop 5.1 percent as rates rise despite Fed cuts
Mortgage applications dipped earlier this month as rates have been on the rise following a strong September jobs report. Recent data from the Mortgage Bankers Association’s (MBA) Weekly ...Yesterday - Federal Reserve -
Business - The New York Times
Fed Officials Debated Whether a Big Rate Cut Was Smart in September
Freshly released minutes from the central bank’s September meeting show that policymakers were divided on how much to cut rates.Yesterday - Federal Reserve -
Business - Financial Times
Fed officials were divided over big rate cut in September
Minutes from meeting showed some dispute about how quickly to reduce borrowing costsYesterday - Federal Reserve -
Business - Inc.
Fed Minutes Could Offer a Peek at Rate Cut Debate
Insight into the central bank’s decision to cut the prime interest rate may signal its plans for future reductions.Yesterday - Federal Reserve -
Business - CNBC
As interest rates fall, it's a 'fantastic time' to revisit bonds, advisor says — here's why
As the Federal Reserve cuts interest rates, investors should revisit their bond portfolio, experts say. Here's which bonds could see a boost.Yesterday -
Business - Financial Times
Germany expects economy to shrink in 2024 after cutting forecast
Government predicts rebound in 2025 following 0.2% decline this year as it tries to address long-term structural problemsYesterday -
Top stories - CBS News
How much does a $90,000 HELOC cost per month now that rates are cut?
Payments on a $90,000 HELOC are currently affordable and they could become cheaper soon. Here's what to know now.Yesterday -
Business - MarketWatch
Reddit stock climbs after Jefferies initiates coverage with a buy rating
Jefferies estimates that Reddit’s Ebitda will more than double in the next two years to around $450 million.Yesterday -
Top stories - CBS News
How to earn big CD returns as interest rates are cut
A single interest rate cut hasn't dramatically affected CD accounts. Here's how you can still earn a big return now.Yesterday -
Top stories - CBS News
What will happen to home prices as interest rates are cut?
Experts predict home prices will rise as interest rates are cut, but two other outcomes could unfold.Yesterday -
Top stories - The New York Times
After Floods, Soaring Insurance Rates Become a Hot Election Issue
Few states elect their insurance commissioners. But in North Carolina, a proposed 42 percent rate hike and Hurricane Helene have raised the stakes in the upcoming election.Yesterday