4 h. ago Premium Bonds rates update for all customers ahead of Budget

The prize fund rate for Premium Bonds has been cut several times this year

Economics

13 h. ago Asian shares mixed after Wall Street gets a lift from hopes for a Fed rate cut

Asian shares are mixed after U.S. stocks rallied

Politics

4 d. ago US stocks steady after top Fed official signals openness to rate cut

John Williams says there is ‘room for a further adjustment’ in borrowing costs

Politics

4 d. ago US stocks rise after top Fed official signals openness to rate cut

John Williams says there is ‘room for a further adjustment’ in borrowing costs

Politics

4 d. ago US stock futures rise after top Fed official signals openness to rate cut

Wall Street equities slid in previous session amid persistent worries over AI valuations

Politics

4 d. ago Elgar: The Dream of Gerontius album review – Gardner and the LPO’s reading is bold and dramatic

(LPO)Recorded live at the BBC Proms, Edward Gardner and the London Philharmonic Orchestra’s propulsive performance, with soloists Allan Clayton, Jamie Barton and James Platt, is one to cherishThe Dream of Gerontius may be the unlikely star of Alan Bennett’s The Choral, but it’s hardly in need of a popularity boost: Edward Gardner’s vibrant new recording is one of three released in the last two years, with another due in January.Recorded live at the 2022 BBC Proms, this propulsive reading has a great deal going for it. Allan Clayton captures the febrile nature of the dying man whose every sensation is both a terror and a fascination. His heroic tone thrills in the great prayer, Sanctus Fortis, while an expressive use of text illuminates the philosophical question and answer session in Part Two. Jamie Barton’s luxurious mezzo-soprano possesses a tangible immediacy as well as offering ample reserves of comfort. James Platt’s craggy bass is well-suited to the Angel of the Agony. Continu...

Events

5 d. ago Fed minutes: Most officials supported more rate cuts but not necessarily in December

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday

Politics

5 d. ago Federal Reserve officials ‘strongly’ divided on December rate cut

Minutes from central bank’s October meeting pointed to schism on direction of monetary policy

Politics

6 d. ago FTSE 100 Live 19 November: Inflation dip fuels rate cut bets, WH Smith boss quits

Inflation fell to 3.6% last month as official figures today provided a pre-Budget boost for Rachel Reeves.

Economics

7 d. ago London stocks sink in global rout on Fed rate cut, valuation jitters

London stocks sink in global rout on Fed rate cut, valuation jitters  Reuters

Politics

7 d. ago Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

Bitcoin price at lowest level since April while FTSE 100 falls as Google boss warns there is ‘irrationality’ in AI boomBusiness live – latest updatesMore than $1tn (£760bn) has been wiped off the value of the cryptocurrency market in the past six weeks amid fears of a tech bubble and fading expectations for a US rate cut next month.Tracking more than 18,500 coins, the value of the crypto market has fallen by a quarter since a high in early October, according to the data company CoinGecko. Continue reading...

Economics

8 d. ago Barclays makes big cuts to mortgage rates as lenders try to stave off Budget property slump

The lender has cut rates on five-year fixes across all deposit sizes, as banks compete to gain new borrowers in a sluggish housing market.

Economics

8 d. ago Royal London Snapped Up Gilts in Rout With Eye on BOE Rate Cuts

Royal London Snapped Up Gilts in Rout With Eye on BOE Rate Cuts  Bloomberg.com

Politics

9 d. ago Wall Street reins in rate cut bets due to inflation concerns

Market expectations of further easing in December have almost halved as a split among Fed officials appears to widen

Economics

1 week ago Treasury won’t cut threshold for higher rate income tax, say sources – UK politics live

Fallout continues over budget income tax U-turn, with Treasury saying expected fiscal gap has dropped to £20bnThis is from Helen Miller, director of the Institute for Fiscal Studies thinktank, on the market reaction to the chancellor’s reported budget U-turn.Investors will have 2 broad concerns about news that Chancellor won’t increase income tax rates1. Does it signal less willingness to do politically difficult thingsBritain’s long-term borrowing costs were sent soaring as reports suggested the latest U-turn would leave Rachel Reeves scrambling to fill a gaping black hole in the nation’s finances just two weeks before the 26 November budget.Yields on 30-year UK government bonds, also known as gilts, jumped as much as 14 basis points in early trading, and the yield on 10-year gilts also shot up 12 basis points – rising the most since July. Continue reading...

Politics

1 week ago UK GDP: Grim figures ‘pave way’ for interest rate cut just days before Christmas

“Suddenly the chances of an interest rate cut before Christmas are on a par with the likelihood of mince pies and syrupy TV ads” – James Bentley, Financial Markets Online

Politics

2 w. ago London hit hardest as unemployment reaches highest in a decade outside the pandemic

Grim landmark makes a December interest rate cut from the Bank of England a near certainty

Events

2 w. ago Unemployment rate hits highest outside Covid years for almost a decade

Experts said the weaker-than-expected figures reinforce the case for the Bank of England to cut interest rates next month.

Events

2 w. ago FTSE 100 Live 11 November: Index surges 1% to new record, Vodafone dividend cheer

Weaker-than-expected labour market figures today boosted the chances of a December interest rate cut.

Politics

2 w. ago FTSE 100 Live 11 November: Index record run continues, pound weakens as jobless rate hits 5%

Weaker-than-expected labour market figures today boosted the chances of a December interest rate cut.

Society