David Koch, the former host of Sunrise who is now Compare the Market's economic director, has issued a warning to mortgage holders tempted by the prospect of a lower home loan rate.
NYCB raised the rate offered via its online arm My Banking Direct to 5.55%, higher than any other U.S. savings account, weeks after needing a capital infusion.
first-quarter earnings rose 6%, but the bank said Friday that higher
Jamie Dimon, the boss of JPMorgan Chase, said rates could climb due to
Reserve Bank and Treasury had predicted unemployment rate would rise from February’s 3.7% as interest rates biteFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s economy shed 6,600 jobs last month as employers responded to weak demand by trimming staff numbers.The unemployment rate in March was 3.8%, the Australian Bureau of Statistics announced on Thursday, rising from February’s 3.7%.Sign up for Guardian...
A chilly scenario for the U.S. economy, in which interest rates climb as
The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
A rare wintry-mix spring nor’easter last Thursday couldn’t keep a warehouse full of people from celebrating the opening of the new home for the Lowell-based Merrimack Valley Food Bank. After nearly 30 years of operating and growing programs at its 735 Broadway St. location, Executive Director Debbie Callery cut the ribbon on the newly renovated […]
When it comes to NCAA ratings for 2024, it's a whole new game. Sunday's 2024 NCAA women's championship between Iowa and South Carolina, a 3 p.m. ET tipoff airing on ABC and ESPN, scored an average of 18.9 million viewers, blowing by the men's championship game on Monday, which had 14.8 million (live+same-day) across TBS, TNT and TruTV, according to Nielsen. This is the first time the women's championship beat the men's in ratings, and advertisers who got in early are scoring big. "This...
The Bank of Canada's interest rate decision on Wednesday didn’t bring cuts, but it did bring new insight into where the central bank thinks interest rates may be headed. The bank kept its overnight interest rate steady at five per cent, but it raised something else: its nominal neutral interest rate. The neutral rate is the rate at which the central bank’s monetary policy is neither stimulating nor holding back the economy. It's essentially the "Goldilocks" interest rate, explained...
The number of mortgage applications, including refinancings and additions, increased by 16 percent in the first quarter of 2024 compared to the same quarter last year. Applications for the purchase of a home increased by 19 percent, De Hypotheker reported on Wednesday. Half of these applications were from young home buyers under the age of 35.
The results from JPMorgan, Wells Fargo, and Citigroup mark the start of earnings season for America's banks as investors watch for signs of how high interest rates are affecting lenders.