Savers should be cheering higher interest rates. So why are they unhappy?
When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. Or so the theory goes.
2023-07-06 15:46
Oil Holds Gain as Traders Turn Focus to Decline in Inventories
Oil steadied as traders assessed the impact of the latest round of supply cuts from OPEC+ and a
2023-07-06 13:56
Mastercard’s New AI Tool Helps Nine British Banks Tackle Scams
Mastercard Inc. is selling a new artificial intelligence-powered tool that helps banks more effectively spot if their customers
2023-07-06 07:29
Britain's banks seek government roadmap to tokenise stocks and bonds
By Huw Jones LONDON Britain's role as a leading financial centre is at stake unless it comes up
2023-07-06 07:17
US-Mexico-Canada trade meeting to skirt major disputes, USTR says
By David Lawder WASHINGTON U.S. Trade Representative Katherine Tai's meetings with North American trade partners Canada and Mexico
2023-07-06 03:46
"Almost all" Fed officials agreed to skip June hike - minutes
By Howard Schneider WASHINGTON A united U.S. Federal Reserve agreed to hold interest rates steady at the June
2023-07-06 02:24
Venezuela Cuts Ties With Shipping Mogul Who Was Once an Ally
Venezuela’s state oil giant is parting ways with an old ally who once helped to break a strike
2023-07-06 02:23
'Stoneos' cannabis cookies look too much like Oreos, says US FTC
WASHINGTON Six companies that make snacks with the active ingredient of cannabis have been sent cease and desist
2023-07-06 02:21
Explainer-Why U.S. labor unions are gaining leverage in contract talks with big employers
By Aishwarya Nair U.S. union workers are finding more solid footing during contract negotiations with employers as a
2023-07-06 01:52
GM quarterly auto sales rise 19% on strong demand
General Motors on Wednesday reported a 19% rise in second-quarter U.S. auto sales as easing supply chain pressures
2023-07-05 23:57
US new vehicle sales rise on strong demand, better supply
By Pratyush Thakur New vehicle sales in the United States for top global automakers rose in the second
2023-07-05 23:54
U.S. factory orders miss expectations in May
WASHINGTONNew orders for U.S.-made goods increased less than expected in May as a surge in civilian aircraft orders
2023-07-05 22:52