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Business
Italy introduces surprise windfall tax on banks’ interest rate profits | Business News
The Italian government has introduced a surprise 40% windfall tax on the profits made by banks from high interest rates.…
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Business
Bank of England increases interest rate for 14th time in a row to 5.25% | Business News
The Bank of England has raised interest rates for the 14th successive time, lifting its official rate to 5.25%. The…
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Business
Here’s why the Fed’s rate hikes haven’t actually hit Americans that hard
Shoppers walking through a mall.Kena Betancur/Getty Images The Federal Reserve has raised interest rates 11 times in the last year…
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Business
Stocks climb after Fed interest rate decision: Stock market news today
Stocks rose Wednesday after the Federal Reserve hiked interest rates by 0.25% and investors weighed earnings reports from Microsoft (MSFT)…
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Business
Pimco’s Clarida Says Market Bets on US March Rate Cut Make Sense
(Bloomberg) — Former Federal Reserve Vice Chairman Richard Clarida said market wagers on US interest-rate cuts in March are understandable…
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Technology
DoorDash offers delivery workers hourly rate, but there’s a catch
DoorDash will give delivery workers the option to be paid a guaranteed hourly minimum rate instead of being paid per…
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Business
Banks aren’t passing interest rate hikes on to savers fast enough, chancellor warns | Politics News
The chancellor has told banks “in no uncertain terms” they must pass on higher interest rates to savers. Jeremy Hunt…
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Business
Mortgage holders to get 12-month grace period before repossessions amid interest rate hike | Politics News
Mortgage lenders and Chancellor Jeremy Hunt have agreed that people should be given a 12-month break before repossession proceedings start…
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