Stay informed with free updates Just sign up to Artificial intelligence myFT Digest – delivered straight to your inbox. Rishi Sunak will try to reassure the public on Thursday about the risk posed by artificial intelligence, as the UK government sets out a possible scenario in which advances in automation will lead to rising unemployment …
In today’s high-rate environment, a $20,000 CD deposit could earn savers $1,000 or more in a year. PHIL LEO/Getty Images If inflation and higher interest rates have left you feeling hopeless, don’t worry. Even if current economic circumstances aren’t ideal, that doesn’t mean there aren’t still ways to protect and grow your money. That’s because …
Unlock Editors Digest for free FT editor Roula Khalaf selects her favorite stories in this weekly newsletter. Turbulence in government debt markets forced US companies to postpone financing plans, making this the slowest October in terms of debt issuance in more than a decade. U.S. companies have raised just under $70 billion from bond sales …
Chinese Yuan notes are seen behind the illuminated chart in this illustration taken on February 10, 2020. REUTERS/Dado Ruvic/Illustration Acquires Licensing Rights BEIJING (Reuters) – China’s new sovereign bonds will help boost economic recovery, Chinese Vice Finance Minister Zhu Zhongming said on Wednesday, as the government’s intensified fiscal stimulus sharply widens the budget deficit. China’s …
US one dollar bills are seen in front of the stock chart displayed in this illustration taken on February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Acquires Licensing Rights Sees organic sales growth in 2023 of 6-7% vs 8-10% before Sees operating margin falling 150 bps versus 100 bps increase before Shares fall up to 60%, hitting …
A pedestrian passes the Bank of England in the city of London, Great Britain, on September 25, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing Rights BoE expected to keep bank rate at 5.25% British central bank halted its rate hike run in September After 5-4 vote last time, economists see 6-3 outcome likely BoE emphasizes rates …
(Bloomberg) — Chinese stocks pared gains as investors question whether Beijing’s latest stimulus measures have the firepower to rescue the struggling economy. Bloomberg’s Most Read The CSI 300 index gained 0.5% at 1:39 pm local time, more than half the previous advance. The Hang Seng China Enterprises Index rose 1.1% after rising more than 3%. …
Treasury yields are soaring. JOHANNES EISELE/AFP via Getty Images There’s a good reason why investors are surprised that something hasn’t happened yet in the economy: The last time U.S. government bond yields rose so much so quickly, the country plunged into back-to-back recessions. The 10-year Treasury yield, a key basis for the cost of money …
Getting a maximum rate on a 2-year CD makes a lot of sense now. REB Images/Getty Images The economic environment is not particularly favorable for borrowers at the moment. After all, the Fed 11 Rate Increases over the past 18 months have caused interest rates on loan products to skyrocket, whether you are taking out …
Crude oil storage tanks are seen from above in the Cushing oil hub, appearing to run out of space to contain a historic oversupply that has driven down prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford//File Photo Acquire Licensing Rights Economic data from Germany, UK and EU could mean weaker oil demand US dollar …