October Prime Days vs. Black Friday
We are coming up on Amazon's second Prime event of the year: Prime Big Deal Days in October. That has some shoppers wondering if you really need to wait until Black Friday for the best deals anymore.
Federal Reserve expected to halt interest rate hikes
After raising interest rates more than a dozen times over the past year and a half, officials with the U.S. Federal Reserve are expected to hold off on yet another rate hike when they meet again Wednesday.Over the past 18 months, interes...
UK inflation unexpectedly falls to 18 month low
Britain's inflation rate fell unexpectedly to the lowest level in 18 months, easing pressure for further interest-rate increases from the Bank of England. Lizzy Burden reports on Bloomberg Television.
Student loan repayments set to restart in October
Federal student loan borrowers will have to begin repaying their loans in October for the first time since the pandemic pause.
U.S. mortgage rates hit 22 year high
U.S. mortgage rates reached 7.23% on Thursday, up 2 percentage points from this time last year, making it the highest level since 2001. Mortgage rates have spiked during the Federal Reserve's historic inflation-curbing campaign, making t...
Nikki Haley blames Trump, Pence for inflation
Republican Presidential Candidate and former South Carolina Governor Nikki Haley says she feels good after the first GOP debate and she says the focus needs to be on bringing down inflation. Haley says Republicans were also responsible f...
Federal Student Loans repayments set to restart
Millions of Americans across the country are preparing for federal student loan repayments to start again this fall after nearly a three-year hiatus because of COVID-19. But that additional financial burden is leaving borrowers worried a...
PPP loan fraud drove up home prices
Consumer Reporter Heather Sullivan shares how scammers drive up home prices.
U.S. inflation rate decelerated in June
The CPI rose 3% last month from a year ago, according to data out Wednesday from the Bureau of Labor Statistics. Core CPI advanced 4.8%, the lowest since late 2021 but still well above the Fed's target.
Bank of Canada raises key interest rate to 5%
The Bank of Canada raised its overnight lending rate by 25 basis points to 5% on Wednesday in Ottawa. The move brings benchmark borrowing costs to their highest in 22 years. Amber Kanwar reports on BNN Bloomberg.
Tomato prices soar 445% in India
Indian tomato prices are soaring due to adverse weather. A delayed monsoon, heavy rains in some growing areas and hotter-than normal temperatures last moth hit output of the crop, causing a fivefold increase in prices this year. Atul Pra...
U.S interest rates hiked again
The United States Federal Reserve has announced its latest interest rate hike, a move aimed at lowering inflation by making borrowing more expensive for consumers. The increase of a quarter of a percentage point on Wednesday sets the US ...
Another U.S bank on verge of collapse
The nation's biggest banks are close to agreeing upon a plan to deposit about $30 billion with First Republic Bank to stabilize the California lender. JPMorgan, Citigroup and Bank of America are among the banks in the discussions.
How safe is Europes money after SVB bank crisis?
How you can keep their money safe when banks collapse like the Silicon Valley Bank in the US? Many consumers in UK and the EU are concerned about whether or not the bank run will reach across the pond from the U.S.
UK to 'avoid recession,' Government says
The UK's finance minister will unveil his spring budget on Wednesday, which many hope will ease the serious cost of living crisis that has thrown many families into financial turmoil despite being fully employed.
Australia to remove British monarch from banknotes
Australia will remove the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday. The decision to leave her successor Ki...
Mass protests grip France
Hundreds of thousands of people across France took part in protests against government plans that would raise the retirement age to 64 and revise pension eligibility rules.
Feds launch FTX taskforce to recover user funds
U.S authorities have launched a taskforce to help recover the assets of the failed cryptocurrency exchange FTX, with customers owed millions.
Germany energy crisis: Prices soar in cold winter months
Germany has been reliant on Russian gas to meet its heating needs. But as the war in Ukraine rages on, energy prices have soared. Germany has had to rethink options for staying warm this winter.
Bitcoin drops 70% in 2023
CoinShares Head of Strategy Meltem Demirors joins Caroline Hyde and Ed Ludlow to discuss Standard Chartered's research saying a further Bitcoin plunge of about 70% to $5,000 next year is among the possible "surprise" scenarios.
UK announces austerity budget, admits recession
UK finance minister Jeremy Hunt has officially declared that his nation is in a recession. He expects the economy to shrink even further in the next fiscal year. The incumbent chancellor has laid out his plans for tackling rising inflati...
UK unveils austerity budget despite recession
Britain on Thursday unveiled an austerity budget with £55 billion ($65 billion) of tax hikes and spending cuts despite confirming its economy was in recession. Finance minister Jeremy Hunt confirmed the painful measures were needed to br...
More crypto firms caught up in FTX collapse
Digital-asset brokerage Genesis and crypto exchange Gemini become the latest pain points Wednesday in the fallout from the collapse of Sam Bankman-Fried's sprawling crypto empire. Sonali Basak reports on Bloomberg Television.
Inflation shows signs of easing in the U.S.
Wholesale prices fell for the fourth month in a row, a sign that inflation is easing for Americans.
Consumer Price Index beats expectations
Thursdays CPI report shows inflation fell to a better-than-expected 7.7% in October. But the White House is cautious to celebrate too much.
NAB CEO sees "more pain" for households
National Australia Bank Chief Executive Officer Ross McEwan is expecting further interest rate increases next year as consumers face price rises on "everything they touch." McEwan says while there's currently no impact on loan arrears fr...
UK Chancellor Sees Inheritance Tax Helping Fiscal Hole
Chancellor of the Exchequer Jeremy Hunt is looking at freezing the threshold at which inheritance tax starts to be paid to raise money to help fill a £35 billion ($40 billion) fiscal black hole when he announces the UK government's spend...
Why was Monday's sell off in Hong Kong so extreme?
Derivatives were one of factors that exacerbated the Chinese market route on Monday. BOFA estimates billions in put options were flushed out, worsening the drop. The bank says the bulk of sharp selling is likely behind us for now.
UK's new PM Sunak Delays Economy Plan
UK Government Reporter Joe Mayes joined "Bloomberg Markets: European Close" with Alix Steel and Guy Johnson after UK Prime Minister Rishi Sunak delayed an economic strategy announcement to November 17th.