Interest Rates Surge

European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target

World - ABC News - October 17

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...

World - The Guardian - October 21

Economists see UK cutting interest rates more substantially as inflation pressures ease

Economists at Goldman Sachs forecast the Bank of England's key rate falling to 2.75% by November, well below market pricing.

Business - CNBC - October 22

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).

Business - CNBC - October 22

Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says

"The assumption is you'll have higher inflation, higher interest rates than you would have in the absence of those tariffs," said IIF CEO Tim Adams.

Business - CNBC - October 23

Mortgage demand drops to its lowest level since July, as interest rates return to summer highs

Total mortgage application volume dropped 6.7% from the previous week, hitting its lowest level since July

Business - CNBC - October 23

How to rethink cash as the Fed cuts interest rates, according to top financial advisors

The U.S. Federal Reserve cut interest rates in September, and more cuts are expected at least into 2025. Earnings on cash are expected to fall as well.

Business - CNBC - October 23

Three ways to play the bond market as the Fed lowers interest rates, this analyst says

Falling interest rates will steepen the yield curve and make these credit ETFs attractive

Business - MarketWatch - 5 days ago

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending

Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation

World - ABC News - 5 days ago

Russian central bank hikes interest rate to record-high 21%, to fight inflation fueled by military spending

World - ABC News - 5 days ago

Larry Fink says the Fed won't cut interest rates as much as markets expect this year

"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.

Business - CNBC - Yesterday

Polio cases surge in Pakistan

Prior to the latest surge in infections, Pakistan was on the verge of eradicating the disease.

Consumer confidence surges ahead of election

American consumers are feeling more confident ahead of Election Day, but they’re still not as confident as they were before the pandemic, according to a new survey from The Conference Board, a ...

Politics - The Hill - Yesterday

ECB lowers rates to 3.25% as inflation slows

Christine Lagarde says Eurozone’s central bankers are close to ‘breaking the neck’ of soaring price pressures

Business - Financial Times - October 17

FirstFT: Uber explored bid for travel website Expedia

Also in today’s newsletter, Kamala Harris locks horns with Fox News interviewer Bret Baier and Wall Street roars back

World - Financial Times - October 17

How Hurricane Milton storm surge destroyed communities

Storm surge pushed around 5 feet of sand into Manasota Key, Florida, where homes and roads are covered with debris and destruction. CBS News' Tom Hanson speaks to Charlotte County public ...

Hurricane Milton's storm surge reshapes Florida coastline

Several communities across Florida and North Carolina are recovering after back-to-back hurricanes. CBS News' Tom Hanson is in Manasota Key on Florida's west coast with the latest on recovery efforts.

Early voting surge seen as advantage for Harris campaign

The Harris campaign and Democratic groups are working hard to push their supporters to vote early in this year's election. Team Harris wants to maximize its early advantage, especially given that ...

Politics - The Hill - October 18

Pension fund use of ETFs surges in Europe

Institutional iShares assets under management have been growing at a compound annual growth rate of nearly 30% in the region, according to BlackRock

World - Financial Times - October 18

Unusual surge of "walking pneumonia" reported in kids this year

The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.

Tokyo Metro Shares Surge in Trading Debut

The initial public offering by the operator of subways in Tokyo is the largest since SoftBank Corp.’s $21 billion IPO in 2018.

Business - The Wall Street Journal - October 22

Auto-enrolment drives surge in ‘lost’ UK pensions

£31bn sitting in unclaimed, inactive or lost savings pots

Business - Financial Times - 6 days ago

Cash Isas popularity surges ahead of UK Budget

Investors shift into tax-sheltered accounts given uncertainty of Labour proposals

World - Financial Times - 5 days ago

Action demanded over surge in illegal meat imports

The government is warned of a "foot-and-mouth" level crisis over potentially diseased meat flooding into the UK.

Hundreds Killed in Days in Sudan as War Surges

Paramilitary forces ransacked villages and killed hundreds of people, activists said, hastening calls for the United Nations to deploy a mission to protect civilians.

World - The New York Times - 4 days ago

Early voting is surging across the U.S. Explore the data.

Early voting has begun in states across the country where voters are able to cast their ballots either in person or via mail.

Latino voters face surge in misinformation as election nears

As the Latino vote gains attention in the 2024 election, concerns arise over targeted misinformation. Roberta Braga, co-founder of the Digital Democracy Institute of the Americas, joins "CBS ...

Latest in Interest Rates Surge

European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live

Economists see UK cutting interest rates more substantially as inflation pressures ease

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says

Mortgage demand drops to its lowest level since July, as interest rates return to summer highs

How to rethink cash as the Fed cuts interest rates, according to top financial advisors

Three ways to play the bond market as the Fed lowers interest rates, this analyst says

Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending

Russian central bank hikes interest rate to record-high 21%, to fight inflation fueled by military spending

Larry Fink says the Fed won't cut interest rates as much as markets expect this year

Polio cases surge in Pakistan

Consumer confidence surges ahead of election

ECB lowers rates to 3.25% as inflation slows

FirstFT: Uber explored bid for travel website Expedia

How Hurricane Milton storm surge destroyed communities

Hurricane Milton's storm surge reshapes Florida coastline

Early voting surge seen as advantage for Harris campaign

Pension fund use of ETFs surges in Europe

Unusual surge of "walking pneumonia" reported in kids this year

Tokyo Metro Shares Surge in Trading Debut

Auto-enrolment drives surge in ‘lost’ UK pensions

Cash Isas popularity surges ahead of UK Budget

Action demanded over surge in illegal meat imports

Hundreds Killed in Days in Sudan as War Surges

Early voting is surging across the U.S. Explore the data.

Latino voters face surge in misinformation as election nears

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