Queens man shot in the head and killed inside Richmond Hill home, person of interest in custody
QUEENS, NY – A 39-year-old man was fatally shot in the head inside a Richmond Hill residence Tuesday evening, prompting a swift police response and the detainment of a person of interest…
Bank of England set to start on path towards interest rate cuts
By William Schomberg LONDON (Reuters) – The Bank of England is expected to take a tentative first step towards cutting interest rates from their highest level in nearly 16 years next week…
Bank of England may start cutting interest rates in Q2 as inflation eases- Reuters poll
By Jonathan Cable LONDON (Reuters) – It is a close call whether the Bank of England starts trimming borrowing costs next quarter or in July-September, a Reuters poll found, with only a…
Interest jumps in US auction of shares in parent of Venezuela-owned Citgo
By Marianna Parraga and Gary McWilliams HOUSTON (Reuters) – Dozens of companies have rushed in recent weeks to obtain data and join a U.S. court-ordered auction of shares in a parent of…
Comerica forecasts weak interest income as deposit costs rise, loan growth slows
(Reuters) – Comerica on Friday forecast an 11% drop in its net interest income (NII) in 2024, as it pays more interest on deposits to keep customers from moving to other options,…
J.P.Morgan now expects BoE to start cutting interest rates in August
(Reuters) – J.P.Morgan said on Thursday it expects the Bank of England to start cutting interest rates in August this year, citing a possible easing in inflation and optimism about a soft…
Expectations of ECB interest rate cut in Q2 grow stronger: Reuters poll
By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will reduce interest rates next quarter, according to a Reuters poll, with 45% of respondents saying the reduction in borrowing costs would…
Charles Schwab profit drops as costly deposits squeeze interest revenue
(Reuters) – Charles Schwab’s fourth-quarter profit fell 47% as bigger interest payments on its client deposits and debt dented gains from a jump in asset management fees, the brokerage reported on Wednesday.…
Arrival misses interest payment on convertible notes amid cash crunch
(Reuters) – British electric-vehicle startup Arrival said on Tuesday it missed the Dec. 1 deadline to make an interest payment on its convertible debt due 2026 as it battles a cash crunch.…
Analysis-US fintechs push into fixed-income trading as retail investor interest grows
By Hannah Lang (Reuters) – U.S. financial technology companies that popularized amateur stock trading are pushing into fixed income in a bid to capitalize upon growing retail investor interest sparked by soaring…
Americans’ Finances Took A Beating In 2023 Amidst Persistent Inflation And High Interest Rates
Americans’ Finances Took A Beating In 2023 Amidst Persistent Inflation And High Interest Rates Will Kessler on December 30, 2023 Americans are struggling economically going into 2024, as harsh economic conditions in…
Russia’s economic growth to slow in 2024 as high interest rates linger: Reuters poll
By Alexander Marrow (Reuters) – Russia’s economic growth is set to slow in 2024, hampered in particular by double-digit interest rates throughout the year as the Bank of Russia seeks to subdue…
Fed’s Harker open to lowering interest rates, but not imminently
By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker on Wednesday said he still opposes any further U.S. central bank interest rate hikes, while signaling openness to…
Chile’s central bank cuts benchmark interest rate to 8.25%
SANTIAGO (Reuters) -Chile’s central bank cut its benchmark interest rate on Tuesday by 75 basis points to settle at 8.25% in a unanimous decision, as the nation’s monetary authority sees inflation pressures…
Egypt seen keeping interest rates on hold on Thursday, poll shows
CAIRO (Reuters) – The Central Bank of Egypt (CBE) is likely to leave its overnight interest rates fixed at a policy meeting on Thursday, even though economic reforms are expected in the…
US homebuilder confidence brightens as interest rates ease – NAHB
By Amina Niasse NEW YORK (Reuters) – U.S. homebuilder confidence rose in December, indicating easing interest rates may be bolstering sales conditions for builders who had struggled to attract prospective buyers amid…
Phil Murphy Conflict of Interest Mars New York’s Congestion Pricing War with New Jersey
NEW YORK, NY – New York Senate Judiciary Chairperson Brad Hoylman-Sigal has requested U.S. District Judge Brian Martinotti to recuse himself from overseeing New York’s congestion pricing plan due to potential conflicts…
Peru again cuts interest rate as inflation eases
By Kylie Madry (Reuters) – Peru’s central bank on Thursday cut its interest rate by 25 basis points to 6.75%, in line with expectations and as the speed of price increases in…
Banxico holds key interest rate at 11.25%, keeps hawkish bias
By Brendan O’Boyle and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico’s five-member board unanimously held the key interest rate at 11.25% for a sixth straight monetary policy meeting on Thursday,…
Fed seen pivoting to interest rate cuts in March, perhaps earlier
(Reuters) – The Federal Reserve’s signal on Wednesday that its interest rate hiking campaign is over triggered a drop in bond yields and a rash of market bets on U.S. rate cuts…
World Bank economist warns high interest rates will likely last longer
WASHINGTON (Reuters) – World Bank chief economist Indermit Gill on Wednesday said past experience showed that interest rates may stop going up, but they are unlikely to come down “anytime soon,” which…
US budget deficit hits record high for November on interest costs
WASHINGTON (Reuters) – The U.S. federal budget deficit jumped 26% in November from a year earlier to $314 billion, a record for the month and the highest since March, the Treasury Department…
Mexican central bank expected to hold key interest rate at 11.25%: Reuters poll
MEXICO CITY (Reuters) – Mexico’s central bank will hold its benchmark interest rate steady for the sixth consecutive time later this week, a Reuters poll showed on Monday, in line with policymakers’…
Norway’s interest rate likely on hold, but uncertainty remains- Reuters poll
OSLO (Reuters) – Analysts are divided over whether Norway’s central bank will continue to raise interest rates this week, with a narrow majority predicting an unchanged cost of borrowing, a Reuters poll…
Crypto market eyes interest rates and expected bitcoin ETFs in 2024
By Hannah Lang (Reuters) – After ending 2023 on a high, crypto investors will be watching central bank interest rates and a U.S. regulatory decision on new bitcoin products as they decide…
U.S. Attorneys Office for District Of New Jersey and Justice Department’s Civil Rights Division File Statement of Interest in Religious Land Use Case Involving Orthodox Jewish Congregation
NEWARK, N.J. – The U.S. Attorney’s Office for the District of New Jersey and the Justice Department’s Civil Rights Division and filed a statement of interest today in the U.S. District Court…
Breaking News
