What it means after the Fed cuts interest rates again – CBS News Watch CBS News The Federal Reserve announced Wednesday that it would cut rates by a quarter of a percentage point, representing a one-percentage-point drop since September. CBS News business analyst Jill Schlesinger explains the impact on your finances. Be the first to … Read more
Bank of England Governor Andrew Bailey will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between the two countries. Sky News has learned that Mr Bailey and Nikhil Rathi, chief executive of the Financial Conduct Authority, will both accompany the chancellor during the January trip. Mr … Read more
An electric cargo bike logistics company, which counts fashion giant Zara among its partners, has launched an emergency search for new backers. Sky News has learned that Zedify, which has raised millions of pounds from investors including Barclays Sustainable Impact Capital, was working with Interpath Advisory on a review of its funding options. Zedify claims … Read more
The Bank of England has maintained its forecast for “gradual” interest rate cuts for next year, after surprisingly backing a cut this month. Its pricing committee, while deciding to keep Bank interest rate maintained at 4.75%, noted higher than expected salary increases and inflation despite a slowdown in the economy in the second half. However, … Read more
Popular retail chain Party City filed for bankruptcy protection Saturday, a day after revealing to its employees that it would be making mass layoffs at its New Jersey headquarters. The filing was made in the Southern District of Texas Bankruptcy Court, according to court documents obtained by CBS News. The company had liabilities of between … Read more
What to Know About Frontier Airlines’ All You Can Fly Pass for 2025 – CBS News Watch CBS News There are several restrictions to consider on Frontier Airlines’ all you can fly pass for 2025-2026. CBS MoneyWatch’s Megan Cerullo breaks down the fine print of the deal. Be the first to know Get browser notifications … Read more
Retail giants including Asda, Marks & Spencer, Primark and Tesco will host a New Year’s campaign to warn Rachel Reeves that plans to increase business rates in department stores will put jobs and workers at risk. stores. Sky News has learned that some of Britain’s biggest chains – which also include J Sainsbury, Morrisons and … Read more
Tesla has recalled nearly 700,000 of its electric vehicles due to a problem with the tire pressure monitoring system warning light. Its light may fail to stay on between drive cycles, which fails to warn the driver of low tire pressure and increases the risk of a crash, the automaker said. The issue affects certain … Read more
The mother of a young man crushed to death in a work accident said her son was “full of hopes and dreams” and her family had been “deprived” of sharing those with him. Laborer Liam MacDonald, 23, was using a hammer to shred dried concrete from a skip at the Shetland Islands wind farm site … Read more
The group which represents hundreds of European football teams, including Liverpool, Manchester City and Bayern Munich, has rejected the latest attempt to revive a European Super League project, calling it a “disruptive” campaign led by ” interested separatist clubs.” Sky News has obtained a memo distributed to the board of directors of the European Club … Read more