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TheStreet’s Remy Blaire brings you the biggest news of the day, including what investors are watching and why wages aren’t keeping up with inflation.
⏲ 1:29 👁 495K
The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br/><br/>They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br/><br/>Those in the property sector will particularly welcome the news as there have been fears of a market crash.
⏲ 1:5 👁 375K
The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br/><br/>They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br/><br/>Those in the property sector will particularly welcome the news as there have been fears of a market crash.
⏲ 1:5 👁 165K
The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br/><br/>They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br/><br/>Those in the property sector will particularly welcome the news as there have been fears of a market crash.
⏲ 1:5 👁 270K
A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.
⏲ 1:27 👁 135K
Inflation has made Series I savings bonds enormously popular with risk-averse investors. So how do they work?
⏲ 2:43 👁 1.1M
The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br/><br/>They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br/><br/>Those in the property sector will particularly welcome the news as there have been fears of a market crash.
⏲ 1:5 👁 185K
#PTIChief #ImranKhan #PMShehbazSharif #Headlines #DonaldLu #PTI #AdialaJail #adialajail #AliAminGandapur <br/><br/>ARY News 12 AM Headlines 22nd March 2024 | PTI's Blunt StatementRegarding PTI Chief <br/>
⏲ 18:32 👁 100K
UK inflation was lower than expected, at 3.4% year-on-year in February, its lowest point since September 2021. Downward pressure came from food, restaurants, and cafes, while housing and fuel pushed prices up. Core inflation, excluding volatile items, was 4.5%, below estimates. The Bank of England expects headline inflation to temporarily hit 2% in Q2 before rising again. It meets on Thursday and is expected to keep rates at 5.25% as it weighs rate cuts.
⏲ 0:34 👁 370K
Jonathan Reynolds says he welcomes last month’s drop in inflation but insists people are ‘still worse off after 14 years of Conservative government’. Speaking on the day the Office for National Statistics confirmed inflation fell to 3.4% in February, the shadow business secretary also suggested a cut in interest rates was unlikely, due to ongoing ‘uncertainty, particularly around the Red Sea’. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
⏲ 0:49 👁 365K
Kering shares plunged 14% after the company warned that Gucci sales are expected to fall 20% in the first quarter amid declining Asia transactions. The rare profit warning forecasts that Kering's overall first-quarter revenues will drop 10% due to a steeper sales drop at Gucci. Kering's warning dragged down shares of other European luxury giants LVMH, Dior, Hermes, and Burberry, by 2 to 5%. Gucci has struggled to retain market share as consumers tighten their belts due to inflation and shift to \
⏲ 0:35 👁 360K
The latest in a long line of household bill increases - the TV licence fee is about to go up with the new financial year. 1 April will see those with a television forking out £169.50, an inflation-busting rise of £10.50. <br/><br/>If you're currently paying for your licence in instalments, either by direct debit or payment card, you'll continue to pay a total of £159. You won't pay the new higher price until your licence is next due for renewal from next month. <br/><br/>But what exactly are we paying for? You used to get a licence for simply having a TV, but not anymore. You'll need one if you watch any live TV at all, or use BBC iPlayer. 86% of the licence fee is spent on BBC TV channels, radio stations, BBC iPlayer, BBC Sounds and online services.<br/><br/>Culture sec Lucy Frazer said the rise is down to the BBC already feeling the impact of people cancelling their TV licence as people turn to streaming services. But critics of the rise say households are already struggling through the cost of living crisis.
⏲ 1:5 👁 210K
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