NEW YORK (AP) — A recovery for Nvidia is helping keep U.S. indexes close to their records Tuesday. The S&P 500 rose 0.3% in afternoon trading, closing in on its all-time high set a week earlier. The recovery for Nvidia sent the Nasdaq composite up 1.1%, heading for its first gain in four days. The … Read more
Many are bracing for a sharp drop in interest rates this year, hitting older people who prefer to keep larger amounts in safe havens. They were just getting used to earning five percent or more on their deposits, after receiving virtually nothing for more than a decade after the financial crisis. Instead, 2024 was bright … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on January 22, 2024 in New York City. Michael M Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open updates investors with everything they need to know, … Read more
Savings accounts have become the product of choice for those trying to beat inflation. (FG Trade via Getty Images) British households are always looking for ways to make their money grow further amid the cost of living crisis, and savings accounts can help. After years of low interest rates, high-yield savings accounts are having a … Read more
Experts are reminding bank customers to grab the best savings deals available as several accounts offer accounts with interest rates above six percent. Savers have benefited in recent years from the Bank of England’s decision to increase the base rate charged by major banks and building societies to their customers. Rachel Springall, financial expert at … Read more
Santander has announced a wave of interest rate cuts on its mortgage products, which is a huge win for homeowners and homebuyers. The major lender is reducing rates to selected fixed rates across its purchase, remortgage, buy-to-let and new build ranges. In addition, Santander has announced the launch of a range of new two-year tracker … Read more
Bank customers are reminded to ‘watch’ the interest rates on their savings accounts. Experts from Moneyfactscompare have put together a list of the best savings accounts for this week. The Bank of England’s base rate has held rates at a 16-year high since it was raised to 5.25 percent last August GB NEWS Rachel Springall, … Read more
The result is that even if nominal interest rates fall below the official 2% target in the coming months, as seems likely, they could pick up again later this year. This is already happening in the eurozone, where headline inflation, core inflation and services inflation all rose in May. Although the ECB has cut interest … Read more
The ECB cut rates by 25 basis points, signaling a moderation in monetary policy restrictions. However, Frankfurt has also made an upward revision to its inflation projections, with headline inflation now expected to average 2.5% in 2024 and 2.2% in 2025. ADVERTISEMENT The European Central Bank (ECB) cut interest rates by 25 basis points at … Read more