Latest in Drives Borrowing Costs
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US gold rush drives up borrowing costs for precious metal in London
Prices have climbed more than 8% this year on fears of a global trade warFinancial Times - 9h -
Why you should borrow home equity from a paid-off home
There are some credible reasons to borrow home equity from a paid-off home. Here are three owners should consider.CBS News - 1d -
McConnell: Trump tariffs 'will drive the cost of everything up'
Former Senate Republican Leader Mitch McConnell (R-Ky.) is warning that President Trump’s 25-percent tariffs on Canada and Mexico “will drive the cost of everything up” and wondering, “Why would ...The Hill - 2d -
US businesses brace for Trump's tariffs to drive up costs
From an ice cream parlor in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald ...ABC News - 3d -
Omnitron Sensors’ MEMS could rid us of the spinning tops on self-driving cars (and lower costs too)
Omnitron Sensors, which makes MEMS sensor chips, has raised $13 million to create inexpensive sensors for self-driving cars.VentureBeat - 6d -
Fed pauses interest rate cuts—here’s when borrowing costs might drop in 2025
The Fed is holding off on more rate cuts for now, amid concerns that inflation isn’t slowing quickly enough.CNBC - 6d -
ASML CEO sees low-cost AI models like DeepSeek driving more demand — not less
Without addressing the specifics of DeepSeek's model, ASML CEO Christophe Fouquet told CNBC he sees no sign of a slowdown in demand for AI chips.CNBC - Jan. 29 -
3 HELOC questions borrowers should ask for 2025
Considering borrowing with a HELOC this year? Then start thinking about the answers to these three questions now.CBS News - Jan. 28 -
What student loan borrowers should know about plans to restart collections
Here's what student loan borrowers struggling to pay their bills need to know about the restart of collections.CNBC - Jan. 24 -
Sen. Warren: Big banks hiked interest on borrowers, but not for savers
As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.CBS News - Jan. 23 -
Reeves optimistic despite surprise rise in UK borrowing
Borrowing - the difference between spending and tax revenue - hit its highest December level for four years.BBC News - Jan. 22 -
UK borrowing jumps unexpectedly, adding to pressure on Rachel Reeves
Increase to £17.8bn is well above City forecasts and is highest December figure for four years. Business live – latest updates UK government borrowing jumped unexpectedly to £17.8bn last ...The Guardian - Jan. 22 -
UK borrows far more than expected in December
Government borrowing hits £17.8bn as chancellor Rachel Reeves faces pressure to turn around the economyFinancial Times - Jan. 22 -
3 home equity loan questions borrowers should ask for 2025
Considering a home equity loan in 2025? Start by thinking about the answers to these three critical questions.CBS News - Jan. 21 -
The Cost of Surviving a Wildfire
Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future.The New York Times - Jan. 17 -
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 - Jan. 17 -
Reeves says she won't let critics get her down after UK borrowing costs rise
The chancellor tells the BBC she has got "what it takes" following a bumpy week for the UK economy.BBC News - Jan. 17 -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - Jan. 16 -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - Jan. 16 -
Rising borrowing costs batter UK government and threaten to derail its left-leaning program
Britain’s new government, which is already facing anger over higher taxes, unpopular spending decisions and political scandals just six months after taking office, is now being battered by rising ...ABC News - Jan. 15 -
Biden cancels student loans for 150,000 more borrowers
President Joe Biden announced his administration had approved student loan relief for more than 150,000 borrowers, bringing the total number who have had their student debt cancelled under the ...NBC News - Jan. 13 -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - Jan. 13 -
Synagogue Congregation Grieves in Borrowed Home After L.A. Fires
Across Los Angeles, congregants displaced by the blazes met for their first services in borrowed churches, synagogues and other temples.The New York Times - Jan. 12 -
High cost of weight loss drugs drives employers to require nutrition counseling, in boost for startups
Startup Virta Health saw 60% revenue growth last year, topping $100 million, driven by demand for its employer weight loss management program.CNBC - Jan. 10 -
UK government borrowing costs rise towards 16-year high
Yields jump after strong US jobs data, threatening to wipe out room for extra borrowing under Labour’s budget rulesFinancial Times - Jan. 10 -
The Costs of the Los Angeles Fires
Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.The New York Times - Jan. 10 -
Pound falls to lowest in over a year after UK borrowing costs rise
Economists have warned the rise could mean further tax hikes or spending cuts by the government.BBC News - Jan. 9 -
UK government seeks to soothe bond market nerves after borrowing costs soar
Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’Financial Times - Jan. 9 -
UK borrowing costs rising - what does it mean for me?
Government borrowing costs have hit their highest level for several years - what does it mean for you?BBC News - Jan. 9 -
How to Get Your Company Ready to Borrow in 2025
Here are some tips to make your loan applications go smoothly and quickly in the new year.Inc. - Jan. 9 -
Corporate borrowers kick off 2025 with record-setting $83bn bond bonanza
Issuers pounce on surging investor demand for debt before Donald Trump returns to the White HouseFinancial Times - Jan. 9 -
The forces driving Turkey’s resurgence as a superpower
Peter Frankopan on a book that argues that Sunni Islam has reversed the declining influence of religion on Turkish societyFinancial Times - Jan. 9 -
As natural disasters intensify, affected student loan borrowers have options
Federal student loan borrowers affected by the wildfires ripping across Southern California have relief options if they’re worried about keeping up with their payments as they recover.NBC News - Jan. 8 -
3 cheap ways to borrow money without using a credit card now
With credit card interest rates high, it helps to explore these alternative, cheaper ways to borrow money right now.CBS News - Jan. 8 -
As natural disasters intensify, affected student loan borrowers have options
Federal student loan borrowers impacted by the latest wildfires in California and other natural disasters have options if they're struggling.CNBC - Jan. 8 -
UK 10-year borrowing costs hit highest level since 2008
Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rulesFinancial Times - Jan. 8 -
Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live
Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...The Guardian - Jan. 8 -
Borrowing home equity in 2025? 3 things to consider first
Borrowing home equity in 2025 could be beneficial for owners, as long as they first account for these three items.CBS News - Jan. 7 -
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel Reeves
The Chancellor may face the prospect of breaking her own Budget rulesBBC News - Jan. 7 -
UK long-term borrowing costs hit highest level since 1998
Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rulesFinancial Times - Jan. 7