Interest rate News & Breaking Stories

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First Central Savings Bank reports positive earnings despite higher interest rates, with focus on loan growth and asset quality. #Banking #Finance

Fed calms market fears as stocks rise after policy meeting. Interest rates steady, Powell says rate hike unlikely. Inflation remains high.

Republic First Bank seized by regulators after pulling out of import funding discussions, leading to takeover by Fulton Bank. Market impact significant.

US stocks fell on Monday due to concerns over Israel-Iran conflict escalation. Retail sales surged, but Treasury yield hit highest level of 2024.

Dow drops as Treasury yields spike, retail sales beat expectations. Goldman Sachs shines, Apple falls, Tesla faces layoffs. Geopolitical tensions rise.

Regulators investigate Morgan Stanley's wealth management division over potentially risky clients. Stock falls as probe widens. CEO transition adds uncertainty.

Beef and beverage prices remain high, while some food categories see a decrease in prices. Grocery inflation remains steady.

Wells Fargo estimates Costco's gold bar sales at $100-200 million/month. Gold prices up 13% this year. Silver coins also available online.

Inflation remains high despite avoiding recession post-pandemic. Experts predict gradual decrease in prices, uncertainty over interest rate cuts in 2024.

RBI keeps interest rate at 6.5% as India's economy shows strong growth, aiming for 7% GDP growth in 2024-25.

Consumer prices rose in February, casting doubt on inflation hitting the 2% target, impacting mortgage rates and rental prices.

Markets react to Malaysia Airlines plane crash and Gaza fighting, Shire and AbbVie strike deal, UK competition watchdog orders banking probe.

Asian markets fell as US stock indexes closed in the red ahead of key inflation data. Indian GDP data to be released.

Oil prices edge down following U.S. Federal Reserve comments and Middle East tensions, with uncertainty in demand and market surplus forecasted.

Malaysia's economy grows despite falling exports, with domestic consumption offsetting. Bank Negara Malaysia raised interest rates, but growth remains steady.

Stocks fall sharply on disappointing inflation data, raising fears of longer high interest rates. Nearly 90% of S&P 500 stocks fell.

January CPI report shows 3.1% inflation rate, exceeding expectations but cooling trend. Fed cautious on monetary policy amid rising shelter costs.

Tesla's CEO Elon Musk discussed investor concerns about profitability, AI, humanoid robots, and Cybertruck deliveries in the fourth-quarter earnings call.

Traders await Bank Negara Malaysia's meeting as the ringgit opens lower against the US dollar. US GDP figures may impact currencies.

Biden administration approves $4.9 billion in student loan debt relief for 73,600 borrowers, bringing total loan forgiveness to $136.6 billion.

JPMorgan Chase CEO Jamie Dimon's pay raised to $36 million for record-breaking 2023 profits, making him the highest-paid bank CEO.

Rising costs prompt seniors to consider returning to work, survey shows. Many say Social Security benefits won't cover expenses.

S&P 500 lost 1.5% in the first trading week of 2024, ending a nine-week streak. Analysts expect rocky start to 2024.

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Wall Street is rising after a big rally as investors hope for several interest rate cuts coming next year.

"Stock futures slip ahead of economic data, but Wall Street hopes for rate cuts. U.S. markets back to 12-month highs."

Get the latest on mortgage rates and find out how to save money on your mortgage in the long run.

High-quality company Microsoft (NASDAQ:MSFT) continues to generate strong results. OpenAI CEO Sam Altman has joined Microsoft, strengthening its position.

Investors lose hope in Fed, jobless claims rise, Starbucks employees strike on Red Cup Day. Labor market cooling, unionization efforts growing.

Hedge funds are exiting their short positions at a rapid pace, signaling a potential market resurgence and a rebalancing of US dollar longs.

Global equities rise and Treasury yields rebound as hopes of interest rate cuts fade, but uncertainty remains over growth and inflation.

Markets rally for a second day, with weekly totals up on the Dow and Nasdaq. Apple's earnings disappoint.

Bitcoin surges as speculation grows about the approval of a bitcoin exchange-traded fund in the United States.

Israel vows to maintain its siege on Gaza until hostages are released, causing a growing humanitarian crisis in the region.

Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.

Inflation is expected to be lower in the coming months, but elevated gasoline prices and labor movements could put upward pressure on prices.

Instacart's stock opened at $42 a share, 40% higher than anticipated, with a market valuation of roughly $13.9 billion.

Wall Street indexes gain as data suggests the Federal Reserve may keep interest rates unchanged in September.

Bitcoin's price fell by nearly 8% in an hour of frenzied trading, erasing most of its gains since June. The sell-off coincided with news that Elon Musk's SpaceX had written down the value of its bitcoin holdings by $373mn and sold the cryptocurrency. The volatility comes as US regulators crack down on the sector and as expectations of interest rate cuts by the Federal Reserve are reassessed.

Inflation has led to an increase in mortgage rates, with the Federal Reserve raising its federal funds rate. Experts predict rates will remain high.

Financial markets rally as US Consumer Price Index (CPI) matches estimates, increasing expectations of a Fed rate pause.

The Mega Millions jackpot for Tuesday night's drawing is estimated at $1.05 billion, thanks to rising interest rates and changes to the odds of winning.

WeWork's potential failure poses a significant threat to the US commercial real estate sector, with experts warning of a "systematic shock."

ECB expected to raise rates as Fed raises interest rates.

Mortgage rates remain steady for home purchases, rise for refinancing.

Dollar falls as Fed raises rates, leaving room for more hikes.

AMC Entertainment's shares nearly double as court blocks conversion plan.

Experts predict mortgage interest rates will drop in late 2023.

Wall Street's winning week continues as inflation eases on economy.