October 26, 2023
“The central bank for the 20 countries that use the euro left the rate it pays on deposits at a record-high 4.0%, reaffirming that the current level of borrowing costs may just be enough to tame inflation if kept there… Continue Reading…
October 6, 2023
“U.S. Treasury yields rose Friday, with the 10-year nearing a 16-year high after the latest jobs data came in stronger than economists anticipated. The yield on the 10-year Treasury was up by nearly 13 basis points at 4.839%. It had hit a fresh… Continue Reading…
September 27, 2023
“A “soft landing” for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40% chance that the Fed will need to raise interest rates “meaningfully” to… Continue Reading…
September 21, 2023
“The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations. The Bank had been hiking rates consistently since December 2021 in a bid to rein in inflation,… Continue Reading…
September 21, 2023
“Turkey’s central bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%, as Ankara continues to battle double-digit inflation. The Turkish lira weakened slightly to 27.06 against the dollar on the news, with the greenback up 0.3% against… Continue Reading…
September 18, 2023
“…India will see at least $30 billion raised annually through primary and secondary share sales in 2024 and in the years to come, as companies and their shareholders are more willing to tap the market for funding, according to JPMorgan… Continue Reading…
September 18, 2023
“…Executives from Wells Fargo (WFC), Fifth Third Bancorp (FITB) and Capital One (COF) all said this past week that they are noticing a divergence between the two ends of their customer base, with lower income consumers feeling more pain on… Continue Reading…
September 13, 2023
“Wells Fargo & Co. sees more opportunity to trim expenses by unloading more real estate and cutting additional employees, Chief Financial Officer Mike Santomassimo told investors. “We continue to believe we’ve got a lot more to do to make the… Continue Reading…
September 12, 2023
“…Parker’s adoptive mother died in 2020, leaving him as the designated beneficiary for a retirement account with AIG. After complying with the requirements for receiving death benefits, Parker received two checks – one for just over $9,700 and another for… Continue Reading…
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