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Category: News


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Inflation stays at 2% – when will interest rates fall?

July 17, 2024

Via: MoneyWeek

The annual rate of inflation came in at 2% in June. This marks no slowdown compared to May, when the Consumer Prices Index (CPI) hit the Bank of England’s target for the first time in almost three years. The largest […]


News

UK economy to grow faster than expected but short of Labour pledge, IMF says

July 16, 2024

Via: Sky News

The Washington-based fund, which was predicting only last October the UK would be the slowest of all the G7 nations this year, now expects it to be firmly in the middle of the pack. The upgrade – which takes expected […]


News

UK economy grew faster than expected in May

July 11, 2024

Via: MoneyWeek

After stalling in April, the UK economy grew 0.4% in May. This was double the rate economists were expecting, based on a poll from Reuters. On a three-month basis, the economy grew 0.9% – the strongest figure since January 2022. The […]


News

China’s inflation numbers miss expectations, rising 0.2% in June

July 10, 2024

Via: CNBC

China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts, data from the National Bureau of Statistics on Wednesday showed. China’s consumer price index was expected to rise by 0.4% […]


News

Fed extends comment period on expansion of payment services proposal

June 24, 2024

Via: Payments Dive

The Fed has long weighed whether to expand operations of Fedwire and NSS as part of its pursuit of faster payments. After initially announcing in 2019 that it was considering extending the hours, the agency is finally getting around to […]


News

Inflation fall is welcome – but financial situation households are in compared to five years ago is stark

June 19, 2024

Via: Sky News

It has been a long road down from the peak of 11.1% in October 2022 and a great deal of hardship has been felt along the way. The return to earth poses questions for the Bank of England, the government, […]


News

Supermarkets target football fans as grocery inflation eases further

June 18, 2024

Via: Sky News

Kantar Worldpanel – which tracks supermarket till prices, sales and market share – said its measure of grocery inflation slowed to 2.1% in the four weeks to 9 June from 2.4% the previous month. That left the figure at its […]


News

Singapore’s economy: what can we learn from its successes?

June 14, 2024

Via: MoneyWeek

While Britain may be about to get its sixth prime minister since 2016, Lawrence Wong, a 51-year-old US-trained economist, was last month sworn in as Singapore’s fourth prime minister since 1965, when the city-state separated from Malaysia and became independent. […]


News

US Dollar Eyes CPI Data and FOMC Policy Release, Dot Plot Key Indicator

June 12, 2024

Via: DailyFX

Risk markets are opening the session slightly better bid, but moves are expected to be limited ahead of the keenly awaited US inflation report (13:30 UK) and the latest Federal Reserve monetary policy decision (19:00 UK). Markets expect core inflation […]


News

Mastercard shepherds seven startups

June 10, 2024

Via: Payments Dive

The companies chosen as this year’s Start Path participants span the marketing, fashion, healthcare and cybersecurity industries. Of the seven firms picked for the program, two are based in the U.S.: Bicycle, a data analytics company, and HyprEdge, a cybersecurity […]


News

Pot payments players crave federal reforms

June 5, 2024

Via: Payments Dive

Cannabis companies in Colorado don’t have traditional bank accounts and can’t accept credit cards from customers. The also can’t use credit cards to pay their bills. That’s because marijuana, while legal for recreational and medicinal use in Colorado and a […]


News

CFPB says buy now, pay later firms must comply with U.S. credit card laws

May 22, 2024

Via: CNBC

The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry must abide by the same federal protections as users of credit cards. The agency unveiled what it called an “interpretive rule” that […]


News

Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

April 26, 2024

Via: NBC News

Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago […]


News

What is bitcoin halving and what does it mean for crypto investors?

April 22, 2024

Via: MoneyWeek

Until a few years ago, the topics of bitcoin and cryptocurrency were incredibly niche. They fell firmly into the domain of “tech bro” investors who were willing to accept large swings in the value of their investments, hoping to make […]


News

UK economy returns to growth

March 13, 2024

Via: Sky News

The measure of everything produced in the UK – a metric called gross domestic product (GDP) – rose 0.2%, the Office for National Statistics (ONS) said. It’s the first official economic growth announcement since a recession was declared last month […]


News

US Inflation Preview: What’s Ahead for Gold Prices, the US Dollar and Stocks?

March 12, 2024

Via: DailyFX

Tuesday marks an important day for investors of all stripes as the U.S. Bureau of Labor Statistics is set to release the February’s consumer price index survey, a key report that is anticipated to provide fresh insights into recent inflation […]


News

How to choose between a cash and stocks and shares ISA as the end of the tax year approaches

March 11, 2024

Via: MoneyWeek

There are just a few weeks left to make use of you ISA allowance and many will be questioning if they are better off putting their money into a cash or stocks and shares tax wrapper. The rates on cash […]


News

Jeremy Hunt set to cut national insurance by two percentage points at budget

March 5, 2024

Via: Sky News

This cut follows a similar reduction in the levy announced in last year’s autumn statement, and comes as the Conservative government looks to set the fiscal stage for the election set to take place in the next 12 months. Cutting […]


News

NYCB shares tumble 26% after ‘material weakness’ disclosure rattles investors

March 1, 2024

Via: Investing.com

New York Community Bancorp (NASDAQ:CTBI) shares plunged nearly 26% on Friday after it replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and said it found “material weaknesses” in internal controls related […]


News

Shares of NYCB fall more than 20% after bank discloses ‘internal controls’ issue, CEO change

February 29, 2024

Via: CNBC

Shares of New York Community Bancorp fell more than 26% on Friday after the regional lender announced a leadership change and disclosed issues with its internal controls. The regional bank announced after market close on Thursday that Alessandro DiNello, its […]