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If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

Business - The New York Times - November 7

Federal Reserve cuts interest rates by a quarter point

The Federal Reserve approved its second consecutive interest rate cut Thursday.

Business - CNBC - November 7

Fed cuts interest rates days after election

The Fed cut interest rates by a quarter of a percentage point.

Fed cuts interest rates as Powell says he will not resign as chair

US central bank lowers target range by a quarter point to 4.5%-4.75%

World - Financial Times - November 7

Fed Cuts Interest Rates by a Quarter Point, but the Path Ahead Is Less Clear

The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty.

Business - The New York Times - November 7

U.K. government cuts NatWest stake by £1 billion

The British government on Monday said it further trimmed its crisis-era investment in U.K. bank NatWest.

Business - MarketWatch - November 11

Seahawks shake-up: Leading tackler Dodson cut

The Seahawks waived starting inside linebacker Tyrel Dodson, who leads the team with 71 tackles, on Monday.

Sports - ESPN - 6 days ago

Astonish cut-price soaps clean up in supermarkets

A family manufacturer in Bradford has been propelled by the growth of discount retailers

Business - Financial Times - 6 days ago

Southwest Offers Buyouts and Blames Boeing for Job Cuts

The embattled carrier will lay off airport workers in several locations as it cuts flights due to a shortage for Boeing 737 aircraft.

Business - Inc. - 6 days ago

Immigration cuts: Why prime ministers keep failing to meet their targets

Promises on net migration have been made for 15 years - but few kept them

Advanced Micro Devices to Cut Global Headcount by 4%

The layoffs would affect about 1,040 employees and are part of a shift in AMD’s broader business strategy.

Tech - The Wall Street Journal - 5 days ago

Pharmacies vote to cut opening hours in funding protest

Pharmacists in England, Wales and Northern Ireland to reduce opening hours and stop home deliveries.

Job cuts 'inevitable' over £30m university deficit

Dundee University has told staff it faces "an extremely challenging period" for the higher education sector.

Why mortgage costs are rising despite interest rate cut

Lenders have been raising the cost of fixed-rate deals creating a headache for buyers and those remortgaging.

SNP plans to cut staff at party headquarters

The SNP's ruling body has proposed cutting staff the number of staff at its headquarters from 26 to 16.

Associated Press cutting staff through buyouts

The Associated Press is slashing a number of jobs as a cost cutting measure, the company confirmed this week. In a note to staff on Monday, CEO Daisy Veerasingham wrote the AP is will offer "a ...

Politics - The Hill - 4 hours ago

Back-to-back rate cuts no indication of future ECB policy, governor says

Slovenian central bank chief Boštjan Vasle argues central bank needs flexibility to respond to signs of persistent inflation

World - Financial Times - October 20

US banks consider cutting interest payments on company deposits

Lenders target corporate clients as they seek to maintain profit margins with Fed trimming benchmark rates

Business - Financial Times - October 20

University of Toronto’s environment school cuts financial ties to fossil fuels

Princeton University, the only other North American school to do so, rolled back its commitment recently. The University of Toronto ’s environment school has announced it will financially ...

World - The Guardian - October 20

Ukraine war briefing: Power cuts in Kharkiv after Russian strikes

Residential buildings and service stations were among targets, say local officials; Russian grip tightens around Pokrovsk with battles in nearby Selydove. What we know on day 971. See all our ...

World - The Guardian - October 20

China cuts benchmark lending rates by 25 basis points

The move was expected. China's central bank governor indicated last week that the loan prime rates would be lowered.

Business - CNBC - October 21

Follow live: Lakers, Wolves going neck-and-neck late in season opener

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Sports - ESPN - October 23

Funding cuts could mean death of Sámi languages, say Indigenous parliaments

Sweden and Finland plan to withdraw funding to safeguard nine languages defined as threatened by Unesco. The Indigenous parliaments of Sweden, Finland and Norway have warned that some Sámi ...

World - The Guardian - October 21

China cuts interest rates in battle to hit year-end growth target

Beijing steps up efforts to reboot economy amid mounting pressure to achieve goal of about 5% growth

World - Financial Times - October 21

Trump's Social Security plan could lead to 33% benefits cut: Analysis

Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.

Why home equity borrowers shouldn't wait for the November rate cut

If you need to access your home equity consider acting now, before a potential November rate cut. Here's why.

US consumers cut back on spirits as cost of living pressures bite

Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whisky

Business - Financial Times - October 22

Rugby, hockey and cricket cut from streamlined 2026 Commonwealth Games

Ten sports to feature in Scotland after Victoria pulled out Lawn bowls retained on stripped-down Glasgow schedule The global rugby community has led a chorus of disappointment after 12 sports ...

World - The Guardian - October 22

Target cutting prices on 2,000 items for cash-strapped shoppers ahead of the holidays

Target is lowering prices on more than 2,000 items across an array of categories in a bid to offer more discounts to cash-strapped customers as the holiday season approaches.

Salzgitter Cuts Outlook After Swing to Nine-Month Pretax Loss

The German steel company slashed its outlook for the third time this year, adding that it expects to report a pretax loss for 2024 amid sustained economic weakness.

Business - The Wall Street Journal - October 22

Target cuts prices on 2,000+ products, from food to cough medicine

Target is reducing the prices of more items as the discount retail chain readies for the holiday shopping season.

IMF warns on China's property market worsening as it cuts country's growth outlook

In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.

Business - CNBC - October 23

Investors pile into emerging-market funds that cut out China

Demand for ‘ex-China’ strategies soar as tensions with west linger, despite recent stock rebound

World - Financial Times - October 23

Target, Walmart and other retailers announce price cuts ahead of holidays

Target says more than 2,000 items are having their prices marked down ahead of holiday season, joining other retailers like Walmart and Aldi who have also announced plans for cheaper costs before ...

Sinwar's UNRWA ties show Congress was right to cut off funding

UNRWA employee Yahya Sinwar was found dead with an official document identifying him as an employee of the organization, prompting criticism of the UN agency's complicity in the murder and ...

Politics - The Hill - October 23

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