ECB not likely to begin cutting interest rates until June – Bank of America
Investing.com -- The European Central Bank is not likely to change policy or adopt major rhetoric changes at its January meeting...
Economy
Fed holds interest rates steady, signals it is not ready to start reducing rates
The Federal Reserve on Wednesday held interest rates steady for the fourth straight time and cracked open the door to...
Sales of new homes surged in December as mortgage rates dipped below 7%
The numbers: Sales of newly built homes in the U.S. jumped in December as falling mortgage rates sparked home-buying interest....
EU to propose all members scrutinise investments
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission will propose next week a law requiring all EU countries to scrutinise...
Denny’s shutters only location in Oakland after more than 54 years due to high crime
America's diner may always be open, but it's permanently closing a location that's fed generations. Denny's has closed its location...
Mortgage rates inch up to highest level in six weeks
U.S. mortgage rates rose to the highest level in six weeks, but have stayed well below 7%, offering some stability...
Heard in Davos: What we learned from the WEF in 2024
DAVOS, Switzerland (Reuters) - World leaders and business executives left the freezing temperatures of the Swiss mountain resort of Davos...
Layoffs surged 136% in January to second-highest level on record
The pace of job cuts by U.S. employers accelerated at the start of 2024, a sign the labor market is...
Pending home sales post biggest jump since June 2020 as mortgage rates fall
The numbers: U.S. pending home sales shot up in December as falling mortgage rates brought buyers back into the market....
US announces $325 million to repair EV chargers, cut battery costs
(Reuters) -The U.S. Departments of Transportation and Energy will invest$325 million across three programs to advance EV technologies, repair chargers...
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