The Fed kept rates steady, but banks are cutting CD yields. Find good deals here
The clock is running out for competitive yields on certificates of deposit.
Hermes lawsuit claims luxury retailer reserves its famed Birkin bags only for its biggest spenders
The proposed lawsuit alleges that Hermes is violating antitrust law by making customers buy other goods before they can buy a Birkin bag.
DOJ sues Apple over iPhone monopoly in landmark antitrust case
Apple and its iPhone and App Store business have been eyed by the Department of Justice, which previously filed antitrust suits against Google.
Bank of England holds rates but says ‘moving in the right direction’ for cuts
The Bank of England on Thursday held interest rates steady at 5.25%, but hinted at cuts on the horizon as inflation falls faster than expected.
Top U.S. asset manager Vanguard doesn’t believe the Fed will cut interest rates this year
Top U.S. asset manager Vanguard doesn’t expect the Federal Reserve to cut interest rates this year.
Turkey’s central bank raises interest rate to 50% despite previous hints of end to hike cycle
Turkish annual consumer price inflation soared to 67% in February, fueling concerns that Turkey’s central bank might have to return to tightening.
Wary of inflation, Taiwan central bank raises key rate in surprise move
Taiwan’s central bank surprised markets by raising its policy rate on Thursday, wary of continued inflationary pressures and ahead of an expected rise in electricity prices next month.
China slams the U.S. for interfering in Arunachal Pradesh border dispute with India
“The China-India boundary question is a matter between the two countries and has nothing to do with the US side,” said a Chinese Foreign Ministry spokesperson.
Dubai’s Parkin surges 30% on trading debut in UAE’s first IPO of the year
Parkin is the largest provider of paid parking in Dubai, and is set to see further demand as the city’s population grows.
Switzerland becomes first major economy to cut interest rates in surprise move
The Swiss National Bank surprised the market with a decision to lower its main policy rate by 0.25 percentage points to 1.5%.
