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Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.Business - The New York Times - 13 hours ago -
Interest rates cut but Bank hints fewer falls to come
Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.Top stories - BBC News - November 7 -
Bank of England cuts interest rates to 4.75%
Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecastWorld - Financial Times - November 7 -
Senior UK bankers to receive bonuses faster under new rules
Bank of England proposes relaxation of restrictions dating from financial crisisBusiness - Financial Times - 22 hours ago -
Free agent superstar Juan Soto is about to break the bank — and baseball
The New York Yankees slugger is expected to sign a deal north of $600 million that will come close to the real-dollar value of Shohei Ohtani's $700 million pact.Top stories - NBC News - November 13 -
Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.Top stories - The New York Times - November 7 -
Fire Breaks out at BAE Systems' Nuclear Submarine Shipyard in Northern England
Two people were taken to hospital after a large fire broke out at BAE Systems’ nuclear submarine shipyard in northwest England, local police said.World - The Wall Street Journal - October 30 -
Bank of England cuts UK interest rates again despite modest budget-related inflation spike
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%World - ABC News - November 7 -
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation fallsWorld - ABC News - November 7 -
UK must rebuild post-Brexit relations with EU, says Bank of England boss
Governor Andrew Bailey delivers his strongest comments yet on the UK's departure from the EU.Top stories - BBC News - November 15 -
UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.Business - CNBC - November 20 -
Traders trim Bank of England rate cut bets after U.K. inflation rebounds
The chances of another rate cut this year by the Bank of England has diminished after data showed an acceleration in the pace of Britain’s inflation last month.Business - MarketWatch - 6 days ago -
Aston Martin taps shareholders for cash after latest profit hit; Trump’s trade tariffs ‘threaten economic growth’ – business live
Rolling coverage of the latest economic and financial news. Trump’s tariff threat sets stage for bitter global trade war . Trump’s tariffs will lead to higher prices in the shops, and ...World - The Guardian - 34 minutes ago -
Late Tele’a try and Ford misses break England hearts as New Zealand triumph
England 22-24 New Zealand George Ford misses two late kicks for victory The first weekend of the Autumn Nations Series was always going to be interesting. Two sides in need of an uplifting ...World - The Guardian - November 2 -
Never mind what Rachel Reeves did long ago at the Bank of England: what claims do you make on your CV? | Emma Brockes
The chancellor is said to have ‘rounded up’ her years of service. But if she did plump up her working achievements a bit, who hasn’t?. There are lies, evasions and manipulations by politicians ...World - The Guardian - 6 days ago -
UK banks deserve a place in the sun
Third-quarter results underscore their low sensitivity to interest ratesWorld - Financial Times - October 29 -
The West Bank Is on the Edge of Economic Collapse
After over a year of war, the economy in the occupied West Bank is being choked off by restrictions on Palestinians’ movements in the territory, the cancellation of work permits in Israel and ...World - The Wall Street Journal - November 5 -
Harris phone banks on Election Day
Vice President Kamala Harris spent Election Day phone banking and thanking her staff at Democratic headquarters in Washington D.C. Nancy Cordes reports.Top stories - CBS News - November 5 -
Redacted Review - Prison Break
You wouldn't know just from looking at it--with its vivid, comic book-esque art style and irreverent punk-rock tone--but Redacted (officially styled as [REDACTED]) actually takes place in the same ...Tech - GameSpot - October 28 -
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HSBC’s investors should not bank on its latest overhaul
Grand global restructuring announcements have been all too familiar from the lender over the past decadeBusiness - Financial Times - October 29 -
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Giants to stick with Banks, Jones amid struggles
After coming under fire again for questionable play, Giants CB Deonte Banks will start vs. the Commanders after being benched, while Daniel Jones will remain QB1.Sports - ESPN - October 29 -
Trump’s victory sets up traps for central banks
The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off againWorld - Financial Times - November 7 -
British banks face an expensive motor finance crash
Giving dealers incentives to increase loan interest rates for car buyers could be ruinous for lendersWorld - Financial Times - November 8 -
Deutsche Bank takes a bite out of Greggs
Wages up, margins downBusiness - Financial Times - November 8 -
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Druckenmiller poured into regional banks in the third quarter
Stanley Druckenmiller made a big bet on regional banks in the third quarter, that’s likely paid off after a Republican sweep in the elections.Business - MarketWatch - November 15 -
The drama and farce of the Baker Street bank heist
In 1971, a group broke into a bank vault - but the plan was nearly brought down by a radio ham.Top stories - BBC News - November 17 -
Treasury imposes sanctions on Russian banks, financial officials
Russia’s third largest bank, Gazprombank, and its subsidiaries were hit with U.S. sanctions on Thursday, making it the largest bank not already targeted as the Russia-Ukraine war nears its three ...Politics - The Hill - 5 days ago -
What are banks doing with your financial data?
Your transactions reveal a lot about you as a person — it could be valuable informationWorld - Financial Times - 5 days ago -
Citigroup slashes promotions as it seeks to overhaul bank
As few as 2,000 employees could receive pay and title bumps in the next month, down from about 8,000 in previous roundsBusiness - Financial Times - Yesterday -
Breaking down the record-breaking travel numbers expected this Thanksgiving
TSA is planning to screen 18.3 million passengers and AAA is projecting 71.7 million people will drive more than 50 miles in what looks to be a record-breaking week of Thanksgiving travel. CBS ...Top stories - CBS News - 21 hours ago -
Breaking down the timing of election results
One of the top questions people want to know is when will we know who wins the election. While we don't know for sure, there are some clues. Major Garrett has more.Top stories - CBS News - November 4 -
North Carolina Breaks Democrats’ Hearts
After several furious months of action, Harris came up short, and Trump came out on top.Top stories - The New York Times - November 6 -
Breaking down Trump's win in Georgia
Voters in Georgia gave Trump 16 electoral votes on his way to the White House, CBS News projects. CBS News congressional correspondent Nikole Killion has more on how Trump won there.Top stories - CBS News - November 6