Latest in FirstFT: Japanese megabanks hit valuation landmark as BoJ weighs rate rise
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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 - 1h -
Sainsbury’s to cut 3,000 jobs as rising costs hit business
Supermarket chain will lose a fifth of senior management roles and close in-store cafésFinancial Times - 16h -
FirstFT: US rates could remain on hold for the ‘foreseeable future’
Also in today’s newsletter: Davos gloom, and Trump warns Putin to reach Ukraine ‘deal’ soonFinancial Times - 19h -
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 - 21h -
Record number of US companies weigh China exit as Trump tensions rise
Technology and R&D groups among most likely to consider relocation amid brewing trade conflictFinancial Times - 21h -
Davos hits ‘peak pessimism’ on Europe as US exuberance rises
Christine Lagarde warns of ‘existential crisis’ for continent while Donald Trump puts America firstFinancial Times - 1d -
Birth rate in South Korea, the world's lowest, set to rise for the first time in nine years
South Korea’s birthrate is set to show a rise in 2024 for the first time in nine years, following a rebound in marriages that were delayed due to the pandemic.NBC News - 1d -
Reddit shares rise 7%, hit record as Raymond James raises price target
Reddit shares closed up more than 7% to a record high Tuesday after Raymond James analysts raised their price target and reiterated their "strong buy" rating.CNBC - 2d -
Pay after inflation rises at fastest rate since 2021
Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.BBC News - 2d -
What will happen to short-term CD rates in 2025? Experts weigh in
The Federal Reserve's monetary policy decisions will significantly influence the way CD interest rates move in 2025.CBS News - 3d -
BoJ looks to raise rates in shadow of Trump inauguration
Increase would further entrench officials’ move to normalise monetary policyFinancial Times - 4d -
FTSE 100 hits record as interest rate hopes push down UK borrowing costs
Nearly every share on the index rises as fall in value of pound helps multinational companies listed in London. Business live – latest updates The UK’s blue-chip stock index hit a record high ...The Guardian - 6d -
New report reveals rising cancer rates among women
The American Cancer Society finds cancer rates are increasing in women, surpassing men in some cases. Dr. Celine Gounder, CBS News medical contributor, joins "CBS Mornings" to discuss these ...CBS News - 6d -
Hit or Miss? Rating the longest soccer contracts after Haaland's 9½-year deal
Erling Haaland has signed a new 9½-year contract at Manchester City, but what are some lessons from history regarding long-term deals?ESPN - 6d -
China’s economy hits 5% growth target but rate among slowest in decades
Latter part of 2024 ‘recovered remarkably’ after stimulus measures, says National Bureau of Statistics. Business live – latest updates China’s economy grew by 5% in 2024, in line with ...The Guardian - 6d -
Fewer Americans are dying from cancer, but rates rising in women and young people
CBS News Chief Medical Correspondent Dr. Jon LaPook talks about the American Cancer Society's latest cancer report that shows both positive and concerning trends.CBS News - Jan. 16 -
Mortgage rates rise past a key mark, signaling bad news for home buyers
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.MarketWatch - Jan. 16 -
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The latest jump threatens to sideline more buyers and sellers.The New York Times - Jan. 16 -
U.S. sanctions on Russia hit oil freight rates
On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely oil tankers.CNBC - Jan. 16 -
Cancer deaths are down in U.S., but rates rise for some groups
The American Cancer Society's annual cancer trend report shows cancer mortality is decreasing but cancer rates are increasing in young adults and women.CBS News - Jan. 16 -
FirstFT: Netanyahu accuses Hamas of backtracking
Also in today’s newsletter, Biden warns of ‘oligarchy’ in America, and Wall Street banks make bumper profitsFinancial Times - Jan. 16 -
Tsunami advisory lifted after strong earthquake hits Japanese coast
The U.S. Geological Survey put the quake’s preliminary magnitude at 6.8.ABC News - Jan. 13 -
These are the stocks that Morgan Stanley’s Mike Wilson sees standing up to rising rates
Investors should stick to quality names amid rising rates, says a team led by Morgan Stanley’s Mike Wilson.MarketWatch - 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 -
The unemployment rate for Black women fell in December, following a sharp rise
Black women saw a decline in the unemployment rate in December, as it slipped to 5.4%. That is an improvement from November’s rate of 5.9%.CNBC - Jan. 10 -
Mortgage rates are not rising yet but Reeves has to act
Why Rachel Reeves needs a more detailed growth strategy - and soon.BBC News - Jan. 10 -
These are some of the well-known landmarks damaged in the California fires
From a school featured in "Freaky Friday" to a historic synagogue, local landmarks are among the thousands of structures damaged by the wildfires.NBC News - Jan. 10 -
FirstFT: The hottest year on record
Also in today’s newsletter, the resurrection of Andersen Consulting, and hiding savings from a significant otherFinancial Times - Jan. 10 -
Chinese consumer prices barely rise as deflationary pressure weighs
Beijing has struggled to stimulate domestic demand in economyFinancial Times - Jan. 9 -
Palisades Fire threatens historic Los Angeles landmarks
The Palisades Fire which has burned thousands of acres in Los Angeles has threatened several landmarks which many Americans have come to know from television and in movies. Tom Hanson reports.CBS News - Jan. 8 -
Several Local Landmarks Are Destroyed in Southern California Wildfires
A high school used in many films, a synagogue and several well-known restaurants are among the structures that burned, while other local landmarks are endangered.The New York Times - 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 -
Will housing inventory rise in 2025? Experts weigh in
It might — but will it be enough to help struggling buyers? Here's what some experts are predicting.CBS News - Jan. 7 -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - Jan. 7 -
US corporate bankruptcies hit 14-year high as interest rates take toll
Consumer companies such as Party City hit by persistent inflation and weak spendingFinancial Times - Jan. 7 -
New York Crime Rate Falls, but Number of Felony Assaults Rises Again
Killings and shootings have dropped, but headlines have been dominated by terrifying crimes, like the killing of a woman who was burned to death on the F train.The New York Times - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
Hospital flu cases rising at 'very concerning' rate, NHS England warns
The number of people with flu in hospital has quadrupled in the last month, the latest data shows.BBC News - Jan. 3 -
Breast cancer rates rising fastest in younger women, study finds
New research reveals breast cancer rates are increasing faster among younger women than any other group. Elaine Quijano reports on the findings.CBS News - Jan. 3 -
Chinese stock market slump deepens with bond yields hitting record lows as PBOC reportedly signals rate cuts
Economic data on tap appeared thin on Friday, while investors in Asia continue to assess China's monetary easing policy, political chaos in South Korea.CNBC - Jan. 3