Wall Street opens in the red amid global market rout after US credit downgrade – as it happened Global stock markets tumble after Fitch downgrade; US ADP jobs report much stronger than expected The Guardian - UK · Aug 2, 2023
Bank of England set to raise interest rates above 5% today The City braces for a hike of at least a quarter-point, taking base rates to their highest since 2008 Evening Standard · Aug 2, 2023
TUC urges Bank of England to halt ‘reckless’ interest rate increases Unions say widespread job losses in recent months have left UK ‘teetering on the brink of recession’ The Guardian - UK · Aug 1, 2023
How Much Can You Make Renting Your Home? With rising interest rates curbing the housing boom, have you thought about renting out your property instead? Here's what to consider. Kiplinger · Aug 1, 2023
Banks under fire as HSBC profits surge while borrowers are squeezed The chair of the Treasury Committee said the latest figures show major lenders are not sufficiently passing on higher interest rates to savers The Independent UK · Aug 1, 2023
Rate hikes may have slowed inflation in the US – but they have also heightened the risk of financial crises for lower-income nations The campaign to fight U.S. inflation by upping interest rates has been going on for a year and a half – and its impacts are being felt around the world. The Conversation · Aug 1, 2023
HSBC more than doubles profits as interest rates soar Bank says it earned £17bn in first half and will hand more money back to shareholders The Guardian - UK · Aug 1, 2023
UK house prices fall at fastest rate since 2009 after interest rate rises Nationwide says cost of a typical home is £260,828 after 3.8% year-on-year drop in July The Guardian - UK · Aug 1, 2023
UK recession fears swirl as factory output falls and house prices slide – as it happened Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023 The Guardian - UK · Aug 1, 2023
RBA interest rates: Australian borrowers given reprieve as Reserve Bank pauses again The RBA has left the official cash rate on hold at 4.1%, the highest level since 2012, in line with investors’ expectations The Guardian - AU · Aug 1, 2023
Is Now the Right Time to Build a CD Ladder? A CD Ladder is an easy, low-risk tool savers can use to lock in competitive interest rates. But is now the right time to start building one? Kiplinger · Aug 1, 2023
You Can Now Get Paid To Protect Your Portfolio With An Options Collar Strategy Get paid to protect the SPY with a collar trade that used to cost money but now creates cashflow. StockNews.com · Aug 1, 2023
Bond Basics: The Relationship Between Yield and Price Learn about the relationship between yield and price in the bond market. Kiplinger · Jul 31, 2023
What's the Difference Between a Bond's Price and Value? Bonds are complex. Learning about how to trade them is as important as why to trade them. Kiplinger · Jul 31, 2023
Fortune · Jul 31, 2023 With interest rates at historic highs, retirees might want to invest in a CD IRA to protect and grow their nest eggs IRA CDs can help retirees protect their savings in multiple ways.
Zenger · Jul 31, 2023 Fed Rate Hike And Powell’s Remarks Impact Stocks And ETFs Market sees mixed reactions with gainers and losers as interest rates rise
StockNews.com · Jul 31, 2023 2 Financial Stocks to Buy in August, 1 to Watch for Growth The benchmark interest rate is at its highest level since 2001. This is good news for the financial sector as it benefits from high-interest rates. With the Fed unlikely to start cutting rates anytime soon, the financial sector should continue to benefit. Therefore, buying financial stocks CPI Card Group (PMTS)…
The Independent UK · Jul 31, 2023 Consumer lending jumps to five-year high as squeezed households rely on credit But in better news for the housing market, mortgage approvals ticked up unexpectedly in June despite borrowing costs continuing to rise.
The Guardian - UK · Jul 31, 2023 Banks with lowest savings rates to face ‘robust action’, warns UK financial watchdog FCA gives banks four weeks to justify savings rates as it lays out 14-point plan to monitor treatment of customers
The Guardian - UK · Jul 30, 2023 Millions of UK families using credit cards and loans to pay basic bills Poverty charity the Joseph Rowntree Foundation warns of ‘debt timebomb’ as interest rate rises hit low-income households
The Independent UK · Jul 30, 2023 UK interest rates to rise further but end of hiking cycle in sight Most economists think Bank of England will raise bank rate by 0.25 percentage points on Thursday
The Guardian - UK · Jul 30, 2023 Mortgage rates ease as Bank of England’s bitter medicine shows signs of working Fixed deals edge down as the City predicts that interest rates are nearing their peak and the UK economy cools
The Guardian - AU · Jul 29, 2023 Properties worth more than $25bn were bought with cash in Australia’s three biggest states in early 2023 Many cash purchases were made in regional areas of NSW, Victoria and Queensland as buyers downsized to less expensive housing
Reason · Jul 28, 2023 Democrats Propose Eliminating Student Loan Interest The plan's supporters say it won't push costs onto taxpayers.
The Guardian - UK · Jul 28, 2023 ‘We’ve no magic wand’: UK mortgage advisers face an avalanche of queries In Bingley, West Yorkshire, brokers are busy dealing with concerns over interest rates, and being asked to tell the future