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The Fed Looks Like It Made a Mistake With Its Jumbo Rate Cut
Strong economic data and a still-hot economy has made some experts wonder whether the central bank made the right call with its jumbo rate cut.Business - Inc. - October 18 -
New-home construction dips in September, as builders await rate cuts
Construction on new U.S. homes fell 0.5% in September, the Commerce Department said Friday.Business - MarketWatch - October 18 -
Weight-loss drugs could be key in lowering US obesity rates – experts
Medications like Ozempic ‘transformed’ diabetes care because they improved health outcomes, say experts. Obesity rates have decreased slightly in the US and while it’s too early to say whether the ...World - The Guardian - October 18 -
How much will a $75,000 HELOC cost per month now that rates are falling?
A $75,000 HELOC has inexpensive monthly payments now, and they could become even cheaper in the months to come.Top stories - CBS News - October 18 -
Yen resumes decline on doubts over Japan interest rate rises
Currency sinks below ¥150 against US dollar for first time since August surgeWorld - Financial Times - October 19 -
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 inflationWorld - Financial Times - October 20 -
Top UK law firms raise hourly rates by 40% in five years
Inflation and growth of US firms in London push up charges at British counterparts, according to PwC surveyBusiness - Financial Times - 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 -
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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% growthWorld - Financial Times - October 21 -
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Cargo On-Time Rates Are Dismal. Two Shipowners Have a Plan to Fix That.
In a new alliance, Maersk and Hapag-Lloyd are aiming to cut docking costs and improve on-time performance.Business - The Wall Street Journal - October 20 -
Car-Insurance Rate Hikes Were Easing. Then Came the Hurricanes.
Storms could push up insurance costs for vehicle owners in hurricane-prone areas.Business - The Wall Street Journal - October 19 -
Is a fixed-rate HELOC worth it now? Here's what some experts think.
Fixed-rate HELOCs are a good option for many homeowners — but consider the current rate environment beforehand.Top stories - CBS News - October 21 -
2 States to Vote on Lower Minimum Wage Rate for Tipped Workers
Massachusetts and Arizona plan ballot measures that could eliminate the subminimum wage paid to many workers in the restaurant and hospitality industries.Business - Inc. - October 21 -
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.Top stories - CBS News - October 21 -
Harris, Trump favorability ratings among lowest for nominees since 1956: Gallup
Vice President Harris and former President Trump have secured some of the worst favorability ratings for presidential nominees since 1956, a new survey found. Gallup has measured favorability of ...Politics - The Hill - October 22 -
Mortgage rates stay high, sapping home-buying demand
Mortgage applications fell 6.7% in the last week, the Mortgage Bankers Association said.Business - MarketWatch - October 23 -
What causes home equity loan interest rates to drop? And will they keep falling?
Home equity rates have dropped since the Fed's last meeting. Here's what they could do in the future, experts say.Top stories - CBS News - October 23 -
Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.Business - CNBC - October 23 -
Player ratings: Liverpool stay unbeaten in Champions League thanks to Núñez winner
Liverpool continue unbeaten in the UEFA Champions League with an important performance and goal from Darwin Núñez in their 1-0 win over RB Leipzig.Sports - ESPN - October 23 -
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How far will credit card interest rates fall in November?
There may be another Fed rate cut on the horizon in November. Here's how it could impact credit card rates.Top stories - CBS News - October 24 -
Man United ratings: Eriksen, Onana dazzle in Fenerbahce draw
Despite Christian Eriksen's goal, Manchester United are unable to break their winless streak in the UEFA Europa League as they drew Fenerbahce 1-1.Sports - ESPN - October 25