Economy
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Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
Sep 19, 2024 7:35 am - LONDON — The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the corona...
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What the Fed’s rate cut means for consumers, businesses and investors
Sep 18, 2024 2:01 pm - The Federal Reserve cut interest rates this week for the first time in four years, putting an end to its longest cycle of rate increases in roughly a decade. “This will i...
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Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight
Sep 18, 2024 8:06 am - The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers.
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Will the Federal Reserve cut interest rates fast enough to deliver a ‘soft landing’?Sep 16, 2024 7:12 am - WASHINGTON — American consumers and homebuyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this...
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Job rate for women in tech has hardly budged since 2005, EEOC finds
Sep 15, 2024 5:58 am - The share of women in the high-tech industry has barely budged over the past two decades even as the number of lucrative jobs in the field has soared in that time, accord...
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Rent, utilities rose faster than home values for first time in a decade
Sep 15, 2024 5:44 am - The cost of rent and utilities in 2023 rose faster than home values for the first time in a decade, the latest sign that a distorted housing market has pushed more people...
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Mortgage rates just fell again. Here’s what you need to know.
Sep 15, 2024 5:22 am - Mortgage rates fell on Thursday to their lowest level since April 2023 — 6.2% for a 30-year fixed-rate mortgage, down from 6.35% a week before, according to Freddie Mac.That’s a sharp drop from the high of 7.8% recorded last October and welcome news for would-be home buyers who have been priced out of the property market, as well as homeowners who bought at high rates and are eager to refinance.
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Student loan servicer Navient reaches $120 million settlement
Sep 12, 2024 4:06 pm - Navient, one of the nation’s largest student loan companies, will pay $120 million to resolve allegations that it misallocated payments, steered people into costly repaym...
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Midyear pit stop: How to rev up your company from good to better to bestSep 11, 2024 10:00 am - Midyear is the exact right time for businesses to make a pit stop. Pull over and consider what good business practices and strategies are for the remaining laps of the year. Also, pause to think about what better practices and strategies could be, and what best practices might look like.
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US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
Sep 11, 2024 7:49 am - WASHINGTON — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Feder...