Why money’s flowed into Bank of America bonds — and how a Fed pause in rate cuts may help financial firms

Stocks appear ‘rate sensitive once again’ as bond yields press higher

Rising interest rates in the bond market seems to be weighing on stocks, as investors wait for an upcoming U.S. jobs report and for Wall Street banks to kick off corporate earnings season.

MarketWatch - 7h

Former Fed Chair Bernanke Says Trump’s Policies May Not Push Inflation Back Up

While plans to impose tariffs, cut immigration and expand tax cuts have alarmed many economists, others say early, pessimistic analyses may be incorrect.

Inc. - 12h

Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump

There had been speculation that Trump might replace Barr after he takes office Jan. 20.

CNBC - 12h

Fed’s top bank cop to step down, averting potential clash with Trump

Politico - 16h

How One Pastor Is Helping Struggling Churches Keep Their Doors Open

Thousands of churches around the country close every year. In Brooklyn, one pastor is trying to help struggling parishes keep their doors open.

The New York Times - 18h

Paxlovid may help some long COVID patients: Research

A small study published Monday found that the COVID-19 antiviral treatment Paxlovid may have use as a treatment for long COVID when administered outside of an infection. Administration of Paxlovid ...

The Hill - 12h

Why bank stocks care that Michael Barr is stepping down as top Fed banking cop

As vice chair of supervision, Barr was leading the effort to raise capital requirements for banks.

MarketWatch - 13h

How the Biden administration will help certify the 2024 election results

Vice President Kamala Harris will preside over a joint session of Congress for the certification of the 2024 election. CBS News' Ed O'Keefe reports four years after the Capitol riots on Jan. 6, 2021.

CBS News - 13h

‘Evolution not revolution’: Can the private sector help cut NHS waiting lists?

Keir Starmer has vowed to make better use of existing capacity to reduce massive backlog

Financial Times - 14h

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 you

Financial Times - 17h

Australian Open 2025: When does it start, how to watch, when is the draw and prize money

The world’s best players have begun arriving at the Australian Open to put the finishing touches to their preparation for the tournament which starts on Sunday.

Yahoo Sports - 18h

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 - 19h

‘Financial suffocation’: Argentina’s medics fear impact of Milei’s chainsaw cuts

Workers at main paediatric hospital say quality of care is threatened by president’s economic policy. The Garrahan paediatric hospital in Buenos Aires swarms with patients, parents and medical ...

The Guardian - 20h

Chick-fil-A's waffle fries may taste different: Here's why

The chain says it has been testing "a slight adjustment" to its waffle fries for roughly a year.

The Hill - 1d

This money bias is 'the biggest barrier to building wealth,' says financial psychologist

Putting off some key financial moves because they seem too complex? You could be costing yourself over the long run.

CNBC - 1d

Paw things: how to help your anxious dog

The pandemic unleashed an epidemic of anxiety in dogs. The experts advise patience, positive training and tasty treats. But will it work for John-Paul Flintoff’s pet?. When children get scared, we ...

The Guardian - 1d

ECB has been too slow to cut rates, Eurozone economists warn

Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’

Financial Times - 2d

New York Republican suggests hush money case helped to elect Trump: ‘Great irony’

Rep. Mike Lawler (R-N.Y.) suggested the New York hush money case played a part in helping President-elect Trump win the 2024 presidential election against Vice President Harris. “Well, the great ...

The Hill - 2d

How Mike Johnson pulled out a 2nd term as House speaker -- with Donald Trump's help

Mike Johnson secured the gavel in dramatic fashion, as he was on track to lose before two Republican defectors changed their vote after speaking to Donald Trump.

ABC News - 2d

How the US can help to save Georgia from the brink

The West could do more to stand by the Georgians who are protesting the GD’s authoritarian rule and its refusal to expand ties with the European Union.

The Hill - 2d

How much will a $10,000 CD earn at today's lower rates?

CD returns on a $10,000 deposit have dropped, but they're not insignificant. Here's how much savers can still earn.

CBS News - 3d

New to the U.S.: How migrants are building new lives in America

CBS News tells the real-life stories of migrants across the country and the impact a recent influx is having on our communities.

CBS News - 3d

Help! Ryanair Won’t Send Flight Compensation to a U.S. Bank Account

After being grounded for 12 hours in Berlin, a mother and daughter were owed both compensation and a rebooked flight. All they got were nonsensical responses from customer service.

The New York Times - 3d

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 - 3d

Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes

Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...

MarketWatch - 4d

Why you should open a CD with an online bank this January

Most banks and credit unions offer CDs, but opening one with an online bank could make a lot of sense right now.

CBS News - 4d

Ramaswamy is wrong: Why ’90s America was the pinnacle of greatness

Vivek Ramaswamy's critique of '90s American culture, which he dismisses as frivolous, overlooks the joy, creativity, and meritocracy that made the era great, and the influence it had on the world.

The Hill - 4d

How to help UK farming waste less food

We don’t normally take lessons from the US on food but there is a lot to learn from America’s tax policies

Financial Times - 4d

Why it’s hard to be a friend of America

Nippon Steel’s bid for US Steel shows the flaws in the ‘friendshoring’ approach

Financial Times - 5d

Why law enforcement thinks New Orleans truck attacker may have had help

The FBI says the driver is not believed to be "solely responsible" for the early New Year's Day truck attack on New Orleans' Bourbon Street. CBS News' Samantha Vinograd and Nicole Sganga have more.

CBS News - 5d

Why Did Ukraine Halt the Flow of Russia’s Natural Gas to Europe?

And why didn’t it cut off Russia’s natural gas earlier?

The New York Times - 5d

A year of two halves: how global financial markets fared in 2024

Good for equities, good for the US, and good for crypto but the year spawned mixed blessings for the UK, China and Europe. Global stock markets climbed in 2024, helped by falling inflation and the ...

The Guardian - 5d

Number of US venture capital firms falls as cash flows to tech’s top investors

Risk-averse financial institutions concentrate money on biggest Silicon Valley VCs in trend that threatens smaller groups