Tag Archives: Interest

NEW YORK (AP) — The U.S. stock market rallied to records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% to top its all-time high set two weeks ago. The Dow Jones Industrial Average climbed 483 points, or 1.1%, and the Nasdaq composite jumped 1.4% to …

Krafton has fired another shot in its legal battle with former executives of Subnautica 2 studio Unknown Worlds, who filed a lawsuit last month, claiming the South Korean publisher undermined the game’s release to avoid paying them a bonus. In its response, Krafton claims that the three plaintiffs, Ted Gill, Charlie Cleveland, and Max McGuire, had “lost interest in developing …

By Ateev Bhandari (Reuters) -Cash allocations by U.S. corporations have halved since 2021 as elevated interest rates prompt a shift to higher-yielding treasury bills, data from Clearwater Analytics showed on Tuesday. Median allocations to cash – which includes hard currency, money market funds and 90-day treasury bills – dropped to 20% at the end of July from 40% in 2021, …

A high-rate CD account could be a smart home for savers looking to safely grow and protect $50,000 now. Getty Images If you have money in savings, no significant debt and extra money to work with, the conventional advice would be to avoid depositing a large, six-figure sum of money into a certificate of deposit (CD) account. Historically, stock market …

Australia’s central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Pavlo Gonchar | Lightrocket | Getty Images Australia’s central bank cut its benchmark lending rates by 25 basis points on Tuesday, while downgrading the annual …

Aug. 9 (UPI) — The Federal Reserve has not approved an interest rate cut since before the Nov. 5 election, but one of its governors said she wants three rate cuts this year. Federal Reserve Gov. Michelle “Miki” Bowman dissented from the Federal Open Market Committee’s decision last week to maintain the current Fed rate of between 4.25% and 4.5%, …

A voice breaking from the Fed ranks just heightened her push for cutting interest rates fast  MarketWatch US Fed’s Bowman: Latest jobs data stiffens support for three rate cuts in 2025  Reuters A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts  AP News Fed’s Bowman Calls for Community Bank Reform, Favors Rate Cuts  Bloomberg.com Fed’s Bowman Backs …

NEW YORK (AP) — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could …

Mortgage Interest Rates Today: Mortgage Rates Drop to Four-Month Low as Pressure Mounts on Fed  Realtor.com Average rate on a 30-year mortgage drops to lowest level since April  ABC News Current mortgage rates report for Aug. 6, 2025: Rates dip again  Fortune Mortgage and refinance interest rates today, August 7, 2025: Lowest 30-year rate since April  Yahoo Finance Mortgage Rates Steadily Holding Longer-Term Lows  Mortgage …

So why has the Bank of England cut rates when inflation is well above its target of 2% and seems set to remain there? This vexed question is why the proceedings of the Bank’s nine member Monetary Policy Committee were so close and even involved an unprecedented second vote. The bottom line is that in the medium term the Bank …