interest rates

Analysts worry Americans are drowning in BNPL debt as they require no hard credit checks, leading many to buy goods and services they can't afford.

Most investors rolling over their 401(k) funds into an IRA are unaware that the money sits as idle cash until actively invested in stocks and bonds.

Americans increasingly value time over money as the definition of wealth for younger generations rapidly shifts to spending more time with friends and family.

The Capital on Tap business credit card charges no annual or forex/ATM fees, offers a 42-day interest-free period, APRs starting at 15.22%, and 1% cashback on all business spending.

During Redfin's Q2 earnings call, CEO Glenn Kelman said he is surprised about the muted real estate market activity despite mortgage rates consistently declining in recent months.

The Nobel laureates think former President Donald Trump's re-election will reignite inflation and have a destabilising effect on the US economy.

Home sales and construction declined in May. Homeowners who locked in at low mortgage rates before the US Fed's aggressive rate hikes have been unwilling to sell their homes.

A 40-year-old mom went into debt to become a pop star and was in denial of her money issues, child's future, and impulsive spending, believing her music career would take off one day.

JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.

Growing living costs, job uncertainty, and high debt amid risks of reduced Social Security benefits are pushing millennials and GenZ way behind their retirement goals.

Renowned investor Ken Griffin upped his stake in Amazon rapidly as the tech firm continues to leverage AI in AWS and e-commerce to boost sales and net income.

Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.

The couple wants to provide the best education for their kids and build their dream house, but debts, high fixed costs, and poor habits are making it impossible to achieve.

Klara's interest-free loans may suit people with low credit scores, but the consequences of late payments can be similar to credit cards or traditional loans.

The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.

Consultancy firm Cornwall Insight says bills could drop by £268 a 16 per cent decrease – in line with the official price cap set by the UK's energy regulator Ofgem.

The Bank of England recently released its Financial Stability Report, spotlighting the resilience of UK households and businesses in the face of escalating interest rates.

AI and machine learning have been used across the financial sector for at least a decade, such as to help detect fraud and money laundering.

The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.

In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.

Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.

The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.

The figures show that between June and August of this year, wages rose at an annual rate of 7.8 per cent, higher than average inflation over the same three months.

Business investment in the UK increased in the first six months of 2023, but the growth was partly due to exceptional factors such as investment in new planes and a tax break. Businesses are now expecting inflation to be lower than previously forecast, which could reduce the pressure on the Bank of England to raise interest rates.

The decision to hold the rate comes after figures revealed an unexpected slowdown in inflation in August.

Initial GDP figures for July show a fall of 0.5 per cent, a worse performance than expected by economists, increasing the fears of a "mild recession".

New research from Mind has revealed the detrimental impact that soaring mortgage costs are having on people's mental health, as well as their finances.

The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.

The BCC Quarterly Economic Survey for Q2 2023 reveals that nearly half of businesses plan to raise prices in the coming months as cost pressures ease.