China unveils interest rate reform to steer funding costs lower for firms
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the United States......»»
US stock futures trade lower ahead of Powell comments
Futures traded lower ahead of Wednesday afternoon's Federal Reserve’s economic and interest rate projections.....»»
U.S. stock futures lose ground even as 10-year yield edges lower
U.S. stock futures lurched lower as the U.S. trading day approached. Futures on the S&P 500 fell 0.3% and those on the Nasdaq 100 futures dropped 0.6%, even as there was a bit of relief on the interest rate front as the yield on the 10-year Tre.....»»
Capitol Report: Democratic lawmakers roll out bill that aims to close carried-interest loophole
A group of Democratic lawmakers on Tuesday unveil a bill that aims to end the so-called carried-interest loophole that allows certain financial firms to enjoy a reduced tax rate on income......»»
Wolf proposes increases in Pennsylvania income tax rate, education funding
Gov. Tom Wolf on Tuesday unveiled a proposal to raise the state's personal income tax from 3.07% to 4.49% while at the same time expanding the number of Pennsylvanians in lower and middle income brackets that would qualify for tax cuts and increas.....»»
Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs
Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber's results on Thursday, after Lyft indicated a slow recovery in demand and lower costs as rising unemployment creates greater supply of drivers......»»
Spending less than an hour on my computer got me a significantly lower mortgage interest rate
PhotoAlto/Frederic Cirou/Getty Images My partner and I wanted to get the lowest mortga.....»»
Peso lower as Banco de Mexico delivers surprise rate cut and rolls out billions in stimulus in latest reaction to coronavirus
Mexico's central bank, the Banco de Mexico, cut its key interest rate by half-a-percentage point on Tuesday to 6%. Policy makers in Mexico also rolled out a more than $30 billion stimulus package to "foster an orderly behavior of financial marke.....»»
China cuts key rate for second time this year, more easing likely
China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy. Ciara Lee reports.....»»
Asia shares consolidate, China cuts another interest rate
Asian share markets took a breather on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business......»»
Refinancing my mortgage for a lower rate wasn"t exactly easy, but it was worth it — I"m going to save $42,000 over the life of the loan
Roberto Westbrook/Getty Images My wife and I started shopping to refinance our mortgage when fears about COVID-19 were driving mortgage rates lower, just before the Federal Reserve cut interest rates. We didn't know if we could refina.....»»
Here"s exactly why the interest rate on your high-yield savings account keeps falling
Westend61/Getty Images High-yield savings accounts are tied to the federal funds rate. The Federal Reserve has lowered the federal funds rate, so high-yield savings account rates are going down, too. Even with lower ra.....»»
The Wall Street Journal: Wuhan death rate from coronavirus lower than previously estimated, study finds
The death rate from the new coronavirus may have been lower than previously believed in the city in China where it originated, according to a new study, offering a hopeful sign for other parts of the world.....»»
Market Extra: Costs of Fed’s new funding facility for big businesses draws complaints
Investors complain of the ‘hefty,’ near 2.1% borrowing rate attached to Fed’s newfangled commercial paper facility, which rolled out Tuesday to keep big businesses flush with cash during the coronavirus shutdown......»»
China Faces Interest Rate Dilemma With No Winning Options
China Faces Interest Rate Dilemma With No Winning Options.....»»
SunTrust cuts price targets on Banks amid lower interest rate environment
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Wells Fargo cuts price targets for brokers on lower interest rate environment
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Raymond James downgraded at Wells Fargo on lower interest rate environment
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
China"s first-quarter economic hit from coronavirus looking more severe: Reuters poll
The coronavirus likely halved China's economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and triggering expectations for earlier interest rate cuts, a Reuters poll found......»»
South Korea has tested 140,000 people for the coronavirus. That could explain why its death rate is just 0.6% — far lower than in China or the US.
REUTERS/Kim Kyung-Hoon South Korea has tested more than 140,000 peopl.....»»
China first-quarter economic hit from coronavirus looking more severe: Reuters poll
The coronavirus likely halved China's economic growth in the current quarter compared with the previous three months, more severe than thought just three weeks ago and triggering expectations for earlier interest rate cuts, a Reuters poll found......»»