Finance
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Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cutSep 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 investorsSep 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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Citadel Securities pulls back on plan to trade directly with FedSep 18, 2024 10:56 am - Citadel Securities has quietly shelved plans to join one of Wall Street’s most prominent clubs: The ranks of bond dealers that trade directly with the Federal Reserve. Fo...
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Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fightSep 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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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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US consumer watchdog finds that school lunch fees are taking a toll on parentsSep 14, 2024 6:00 am - NEW YORK — Single mother Rebecca Wood was already dealing with high medical bills in 2020 when she noticed she was being charged a $2.49 “program fee” each time she loade...
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Student loan servicer Navient reaches $120 million settlementSep 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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BBB investment scam reports reach three-year high. Here’s what to look forSep 10, 2024 11:00 am - Since 2020, investment scam reports to BBB Scam Tracker totaled more than 4,000, reaching a three-year high in 2023. Scammers blended aspects of various scams, including romance and cryptocurrency, to trick targets into handing over large sums of money.