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If you’ve been anxiously awaiting financial relief from the Federal Reserve, you are about to get a rude awakening. ...
18/09/2024

If you’ve been anxiously awaiting financial relief from the Federal Reserve, you are about to get a rude awakening.

If you’ve been anxiously awaiting financial relief from the Federal Reserve, you are about to get a rude awakening.

Investors got some much-needed R&R over the weekend, apparently, because they came back to work Monday with smiles on th...
10/09/2024

Investors got some much-needed R&R over the weekend, apparently, because they came back to work Monday with smiles on their faces and a brighter outlook about the US economy.

Investors got some much-needed R&R over the weekend, apparently, because they came back to work Monday with smiles on their faces and a brighter outlook about America’s economy.

Wall Street kicked off the month of September with a bust, after a disappointing economic report dragged down the Dow by...
04/09/2024

Wall Street kicked off the month of September with a bust, after a disappointing economic report dragged down the Dow by 626 points, or 1.5%, Tuesday afternoon.

Wall Street kicked off the month of September with a bust, after a disappointing economic report dragged down the Dow by 626 points, or 1.5%, Tuesday afternoon.

The UK's economy grew by 0.6% between April and June as it continued its recovery from the recession at the end of last ...
15/08/2024

The UK's economy grew by 0.6% between April and June as it continued its recovery from the recession at the end of last year. The latest figure was in line with forecasts and follows a 0.7% increase in the first three months of this year.

Strong growth in the services sector helped the UK to continue to emerge from last year's recession.

Stock markets across Europe and Asia tumbled on Monday, spooked by fears that the US economy is heading for a slowdown.I...
05/08/2024

Stock markets across Europe and Asia tumbled on Monday, spooked by fears that the US economy is heading for a slowdown.

In London, the FTSE 100 index opened 2.3% lower while the Euronext 100 tumbled by 3.5%.

The UK's FTSE 100 opened sharply lower after Asia stocks plummeted on concerns US growth is slowing.

The Federal Reserve is all but certain to hold interest rates steady at its meeting this week. But a growing crowd of ec...
31/07/2024

The Federal Reserve is all but certain to hold interest rates steady at its meeting this week. But a growing crowd of economists are urging central bankers to cut now rather than at September’s meeting, when it is widely expected to do so.

The Federal Reserve is all but certain to hold interest rates steady at its meeting this week. But a growing crowd of economists — among them, former Fed Vice Chair Alan Blinder and Nobel prize-winner Paul Krugman — are urging central bankers to cut now rather than at September’s meeting, when...

Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endor...
23/07/2024

Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endorsed Vice President Kamala Harris as the Democratic nominee. European stocks saw an uptick and markets in the US closed higher following Biden’s announcement.

Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endorsed Vice President Kamala Harris as the Democratic nominee.

According to the Financial Times, the European Union’s pioneering legislation, the Artificial Intelligence Act, aims to ...
22/07/2024

According to the Financial Times, the European Union’s pioneering legislation, the Artificial Intelligence Act, aims to protect humans from the potential dangers of AI. However, critics argue that it is undercooked and could stifle innovation in the rapidly evolving tech sector. What do you think?

The European Union's pioneering legislation, the Artificial Intelligence Act, aims to protect humans from the potential dangers of AI.

US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow ended the day lower by 533 poi...
19/07/2024

US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks. The Dow ended the day lower by 533 points, or 1.3%, retreating from a record high reached a day ago. The S&P 500 fell 0.8%. The Nasdaq Composite fell 0.7%, extending its losses after logging its worst day since 2022 on Wednesday.

US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks.

The pound hit its highest level against the dollar in a year on Wednesday as investors bet on UK interest rates staying ...
18/07/2024

The pound hit its highest level against the dollar in a year on Wednesday as investors bet on UK interest rates staying higher for longer.

Pound highest against dollar in a year as investors bet on UK rates staying higher for longer.

The welcome slowdown in inflation has led investors to move up their bets for when the Federal Reserve could begin cutti...
16/07/2024

The welcome slowdown in inflation has led investors to move up their bets for when the Federal Reserve could begin cutting interest rates. Wall Street’s expectations for a September rate cut rose to roughly 93% on Thursday from 73% the day before, according to the CME FedWatch Tool.

Americans seeking relief from high borrowing rates might not have to wait much longer.

Price rises in the US cooled in June, building hopes that the world's largest economy is moving on from the bout of high...
12/07/2024

Price rises in the US cooled in June, building hopes that the world's largest economy is moving on from the bout of high inflation that hit after the pandemic. It marked the third month in a row that inflation has fallen, easing financial pressures on households and potentially clearing the way for the US central bank to cut interest rates as soon as September.

Prices in the US rose 3% over the 12 months to June, lifting hopes that the inflation problem is subsiding.

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