Latest in Banks slash savings rates after Bank of England rate cut
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Mortgage rates cut below 4% as competition picks up
It's the first time mortgage deals with rates below 4% have been available since November.BBC News - 3h -
Chevron will slash up to 20% of its workforce as part of cost-cutting plan
The layoffs will begin this year with most of the cuts complete before the end of 2026.CNBC - 6h -
Hopes for more Fed rate cuts dim as Powell notes hot CPI means 'we're not quite there yet'
A Fed interest rate cut won't be coming until at least September, if at all this year, following a troubling inflation report Wednesday.CNBC - 7h -
Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’
The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.CNBC - 8h -
Banks slash savings rates after Bank of England rate cut
Dozens of providers reduce rates or withdraw products following BoE moveFinancial Times - 9h -
How Escalating Violence Is Upending Lives in the West Bank
Since Oct. 7, 2023, Israeli military raids in areas dominated by Palestinian militants in the West Bank have increased, often leaving civilians with limited access to medical care and caught in the ...The New York Times - 11h -
Become Your Bank: Infinite Banking With an Inflation Hedge
Low interest rates aren’t keeping up with inflation.Inc. - 1d -
Bank of America CEO on inflation impact on U.S. economy: 'Rates are going to stay where they are'
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.NBC News - 8h -
Trump wants interest rate cuts. The market isn't buying it.
Just before the release of Wednesday’s monthly consumer price report, President Donald Trump called for lower interest rates in a post on his Truth Social platform.NBC News - 9h -
UK banks to lobby Reeves on hiring top foreign talent
Chancellor’s meeting with financial services groups expected to focus on visas, regulation and taxFinancial Times - 22h -
Palestinians in West Bank fear being pushed out amid heightened violence
While the truce in Gaza holds, Israel is hitting Hamas in the West Bank, and Palestinians there are deeply concerned they, too, could be forced out. Chris Livesay has more.CBS News - 1d -
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further
Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower.NBC News - 1d -
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further
Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.CNBC - 1d -
UK interest rates are too restrictive
But uncertainty and a rise in near-term inflation warrants a cautious approach to cutsFinancial Times - 1d -
Is it risky to open a CD with an online bank? What experts say
Online banks may offer better rates, but there are some potential drawbacks to take into account, too.CBS News - 1d -
Watch Fed Chair Powell testify live before the Senate Banking Committee
Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.CNBC - 1d -
Watch live: Powell testifies before Senate Banking Committee
Federal Reserve Chair Jerome Powell will sit before the Senate Banking Committee on Tuesday morning to testify on the agency's monetary policy. The hearing comes as interest rates were held steady ...The Hill - 1d -
UBS’s stock got clobbered after earnings. Deutsche Bank says it’s now a buy.
UBS’s stock is now worth buying, after tumbling following the Swiss banking giant’s fourth-quarter earnings report, Deutsche Bank analysts say.MarketWatch - 1d -
How low can European rates go?
Central banks have been defining neutral interest rates as Bessent makes a brave betFinancial Times - 1d -
Israel's fatal shooting of a pregnant Palestinian woman raises fears in the West Bank
Palestinians say the fatal shooting of a pregnant 23-year-old in a refugee camp in the northern West Bank signals a worrying trend toward more lethal, warlike tactics by Israel in the occupied ...ABC News - 1d -
5 people killed in a suicide bombing near a bank in northern Afghanistan
Afghan police say a suicide bomber has detonated an explosive device near a bank in northern Afghanistan, killing at least five people and wounding seven othersABC News - 1d -
UK to change ‘unintended’ non-dom hit to overseas bank accounts
The effect of the provision would be reversed pending ministerial sign-off, a Treasury official saidFinancial Times - 1d -
UK inflation threat receding, says BoE rate-setter who voted for big cut
MPC’s Catherine Mann says ‘demand conditions’ in economy are ‘quite a bit weaker’Financial Times - 2d -
Israel's military ramps up West Bank raids
Israel's military is continuing raids in the West Bank and Palestinians are being driven out of their homes. This comes as the ceasefire deal with Hamas remains fragile. CBS News' Chris Livesay ...CBS News - 2d -
What the end of the penny means for prices and your piggy bank
Talk to end the penny’s production has been bandied about for decades among government officials and economists.NBC News - 2d -
Deutsche Bank fined €10mn by Spanish regulator over forex mis-selling
German watchdog BaFin set to conclude its own investigation in coming weeksFinancial Times - 2d -
Israeli forces continue operations in West Bank
As the fragile ceasefire between Israel and Hamas in Gaza continues to hold, Israeli forces have stepped up operations in the West Bank in recent weeks. CBS News foreign correspondent Chris Livesay ...CBS News - 2d -
Fed Rate Cuts Are Looking Less and Less Likely for 2025
The January jobs report and inflation concerns have pushed back bets for lower borrowing costs.Inc. - 2d -
UK banks to detail IT failures after Barclays outage
MPs on Treasury select committee request information from past two yearsFinancial Times - 2d -
After the ceasefire in Gaza, West Bank Palestinians face more Israeli barriers, traffic and misery
To spend a rush hour these days at any of the traffic-snarled checkpoints outside Palestinian cities in the West Bank is to hear of the endless problems they have brought — families divided, money ...ABC News - 2d -
M&S boss says retailers 'raided like a piggy bank'
Stuart Machin says the sector is facing a wave of tax rises and the government needs to "lighten the burden".BBC News - 3d -
Watch: Jude Bellingham’s x-rated rant at official in Madrid derby
Jude Bellingham faces potential punishment from La Liga after he appeared to swear at an official during Real Madrid’s 1-1 draw with Atlético Madrid.Yahoo Sports - 3d -
Sharing Bank Accounts Can Deepen a Couple’s Relationship
Fewer couples are combining their bank accounts. But that trend may not promote partners’ overall financial health, experts say.The New York Times - 3d -
UMBC plays Maine after Banks' 30-point performance
UMBC Retrievers (11-13, 3-6 America East) at Maine Black Bears (15-9, 7-2 America East) Orono, Maine; Saturday, 2 p.m. EST BETMGM SPORTSBOOK LINE: Black Bears -5.5; over/under is 146.5 BOTTOM ...ABC News - 4d -
Job Market Gives Fed Cover to Extend Interest Rate Pause
The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.The New York Times - 5d -
Minneapolis Fed's Kashkari expects lower interest rates later this year
In a CNBC interview, the central bank official expressed confidence that inflation will continue to drift down to the Fed's 2% target.CNBC - 5d -
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.The New York Times - 6d
