As Britain scrambles to plug its fiscal gaps, banks are starting to worry that Chancellor of the Exchequer Rachel Reeves will ...

Breaking down the latest Wall Street news, including the Bank of England's rate cut, US economic data, M&A activity, IPOs, and debt news. August 2, 2024.

The economy contracted in May, a sharp reversal in fortune that makes it more likely the BOE will cut its key interest rate ...

The Bank of England cut its key interest rate Thursday, a response to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats. The BOE cut rates ...

The FTSE was muted on Thursday, as Threadneedle Street left rates unchanged at 5.25%, where they have been since August. · Alamy Stock Photo The FTSE 100 (^FTSE) and European stocks pushed higher ...

Wall Street moved higher on Thursday, looking to build on Wednesday's gains thanks to reassuring signals from Federal Reserve chair Jerome Powell after the central bank held interest rates steady. The ...

In Britain, whose economy contracted in May, skies are undoubtedly gloomier. (Although not literally, as the country swelters ...

Wall Street didn’t take the message well. ... The Bank of England, meanwhile, surprised investors by raising interest rates in the UK by an outsized half of a percentage point.

The Bank of England announced that it would buy long-term government debt “on whatever scale is necessary” to prevent a ... He previously reported for FiveThirtyEight and The Wall Street Journal.

If the Bank of England raised interest rates, he surmised, ... The Wall Street Journal reported in 2013. With Mr. Bessent at the helm, ...

Wall Street bank bosses warn lawmakers of economic toll from new rules. By Pete Schroeder, Michelle Price and Lananh Nguyen. December 7, 2023 12:45 AM UTC Updated December 7, 2023 ...