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Latest Articles
What does the Fed rate hike mean for Americans as phone and utility bills rise?
7+ min ago (862+ words) The US Federal Reserve has raised interest rates by 0.25 percentage point, taking its benchmark federal funds rate to 3.75%-4%. The move is aimed at slowing inflation by making borrowing more expensive and reducing spending. The rate hike is bad news for…...
Bank of England sounds inflation alarm as it holds interest rates
31+ min ago (618+ words) By Andy Bruce and David Milliken LONDON, Sept 20 (Reuters) – The Bank of England predicted British inflation will top 4% early next year as it held interest rates unchanged on Thursday, and Governor Andrew Bailey warned explicitly that prolonged conflict in the…...
Francis Fukuyama Has a Warning About AI That Has Nothing to Do With Job Numbers
6+ min ago (405+ words) Francis Fukuyama thinks the real danger from AI will show up long before unemployment numbers spike, and it has everything to do with what a paycheck actually means to the person cashing it. This framing matters more than the next…...
Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice
14+ min ago (601+ words) The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The hike will likely make it even costlier to borrow for homes, autos and other purchases. But if you’ve been socking…...
Some good news for interest rates in South Africa
13+ min ago (517+ words) Home » Business & Finance » Some good news for interest rates in South Africa South Africa’s inflation expectations eased in the third quarter, providing some relief for the South African Reserve Bank (SARB) ahead of its next interest-rate decision next week. Average…...
BYD (SEHK:1211) Following Share Price Swings Is The Supply Chain Story Still Undervalued
15+ hour, 31+ min ago (428+ words) BYD (SEHK:1211) is back on investors' radar after recent share price swings left the stock down about 12% over the past month and almost 20% year to date. Recent trading has been choppy for BYD, with the 7 day share price return down…...
Economic Crisis in Iran Pushes More Afghans to Return Home Despite Restrictions: Reuters
3+ hour, 24+ min ago (385+ words) A deepening economic crisis in Iran is forcing growing numbers of Afghan migrants to return to Afghanistan, even as many face severe restrictions under Taliban rule, particularly women and girls, according to a Reuters report. Reuters reported that thousands of…...
Thai monetary policy 'very, very accommodative', no change to growth outlook, central bank official says
11+ hour, 52+ min ago (442+ words) BANGKOK, Sept 17 (Reuters) - The Thai central bank's monetary policy is "very, very accommodative" right now to support a weak economy, with growth expected to exceed 3% in the current quarter and hit around 2% in the last quarter of 2026, an assistant governor…...
United Kingdom BoE MPC Vote Rate Unchanged meets forecasts (6)
42+ min ago (123+ words) AUD/USD finds fresh buyers and retakes 0.7100 in the Asian session on Thursday as the US Dollar pauses its hawkish Fed-inspired rally to its highest level since late July. However, RBA rate-hike bets and hopes for US-Iran diplomatic efforts lift…...
United Kingdom BoE MPC Vote Rate Hike meets forecasts (3)
42+ min ago (123+ words) AUD/USD finds fresh buyers and retakes 0.7100 in the Asian session on Thursday as the US Dollar pauses its hawkish Fed-inspired rally to its highest level since late July. However, RBA rate-hike bets and hopes for US-Iran diplomatic efforts lift…...