Storm Clouds over Uk Housing Market As Builder Warns Interest Rate Rises Will Hurt – Business Live
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‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.MarketWatch - Business -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - World -
Dollar Loses Some Strength After Fresh U.S. Data
The dollar was mixed after fresh U.S. economic data, losing some of the strength it showed overnight after Fed Governor Waller said late yesterday there is no rush to cut interest rates.The Wall Street Journal - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
BoE warns of risks to UK businesses from private equity bubble
Officials escalate warnings about leverage, transparency and valuationsFinancial Times - World - United Kingdom -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Lawmakers with Poland’s ruling pro-European Union coalition have launched a rare process to bring the central bank chief before a special court on allegations of acting against the country’s financial interestsABC News - World -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Yahoo News - World -
Housing market frozen as home buyers ‘hold out’ for lower mortgage rates
Mortgage applications dipped 0.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.93%.MarketWatch - Business - Mortgage -
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashedABC News - World - United Kingdom -
UK politicians need to get over Brexit and prioritise trade, say businesses
Britain’s reputation as an investment partner demands urgent work, BCC warnsFinancial Times - Business - United Kingdom -
How do interest rates affect me?
Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people.BBC News - Top stories -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Bankers jailed for interest rate rigging lose appeal
Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.BBC News - Top stories -
Mortgage demand stalls, even as interest rates moderate
The usually busy spring housing market is underway, but mortgage demand isn't moving.CNBC - Business - Mortgage -
Budget watchdog warns US could suffer market shock over national debt
Congressional Budget Office (CBO) Director Phillip Swagel warned the United States could suffer a similar market shock as seen in the United Kingdom during former Prime Minister Liz Truss’s brief stint leading Britain, citing the nation's ...The Hill - Politics -
Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – business live
Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out. The government’s shareholding in NatWest Group has fallen below 30% for the first time ...The Guardian - World - Apple -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
4 times you should buy a home with interest rates high
Even with mortgage interest rates high, there are some times when it may make sense to buy. Here are four of them.CBS News - Top stories -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
Global inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects youFinancial Times - World -
Northern lights predicted in US and UK on Monday night in wake of solar storms
Spectacular aurora borealis caused by geomagnetic storms on sun’s surface may be visible in North America as far south as the midwest. Northern and southern lights: share your picturesSolar eruptions are sending a stream of particles towards ...The Guardian - World - United Kingdom -
UK regulator warns ‘finfluencers’ to adhere to advertising rules
FCA says those who flout rules around financial promotions face potential criminal prosecutionFinancial Times - World - United Kingdom -
Brazil races to save flood victims as storm death toll rises
Yahoo News - World - Brazil -
What Comes Next for the Housing Market?
The Federal Reserve still expects to cut rates this year, and a change in selling practices could shake up home shopping. Here’s the outlook.The New York Times - Business -
Mellman: My apologies — and a rise in Biden’s approval rating
President Biden’s approval rating actually increased by 2 points in the wake of this SOTU, better than the average increase of zero.The Hill - Politics - Joe Biden -
Council and firm fined over engineer's storm death
Matt Campbell died in Slieve Gullion Park when a tree fell on him during Storm Ali in September 2018.BBC News - Top stories -
Comex Gold Settles Higher
Gold prices rose, clawing back some of Friday’s losses, with the front-month Comex contract for March settling up 0.8% at $2174.80.The Wall Street Journal - World -
Apple SUED over alleged iPhone monopoly in the U.S., accused of ‘suppressing’ alternative messaging apps, smartwatches, cloud games
The suit highlights Apple's suppression of third-party smartwatches, messaging apps, cloud games, and digital wallets as examples.VentureBeat - Tech - Apple -
Durable-goods orders rebound and business investment rises
Orders for big-ticket items climbed 1.4% in February. Are these faint signs of a manufacturing revival?MarketWatch - Business -
Eurozone Bond Yields Drift Lower, Liquidity Seen Light Ahead of Easter
Eurozone government bond yields were slightly lower in early trading, with investors awaiting fresh drivers in a week when market liquidity is likely to be light ahead of the Easter holidays.The Wall Street Journal - World -
Housing fleeceholds the next big scandal, peer warns
Lords debate the plight of homeowners locked into private maintenance contracts for communal areas.BBC News - Top stories -
Bellway chief says housing market ‘on the road to recovery’
FTSE 250 developer says stabilising mortgage rates have fed through to rising sales since start of yearFinancial Times - World -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
UK MPs to be given warnings on threat of Chinese cyber attacks
Reprisals expected just as company from China eyes investment in Midlands battery gigafactoryFinancial Times - Business - United Kingdom -
UK accounting watchdog warns he is ‘sheriff for only half the county’
Richard Moriarty criticises ‘serious gaps’ in regulatory toolkit of Financial Reporting CouncilFinancial Times - Business - United Kingdom -
Why Treasury Yields Are Rising Despite Rate-Cut Expectations
The yield on the government’s 10-year note has climbed since the start of the year, propping up mortgage rates.The Wall Street Journal - World