Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies jumped on Thursday as investor appetite shifted to smaller, higher risk coins ahead of President-elect Donald Trump’s inauguration. XRP and litecoin were among the biggest movers, up 13% and 22%, respectively, according to Coin Metrics. The CoinDesk 20 index, a broad crypto market benchmark, gained nearly 5%. Meanwhile, […]
The UK will return to growth this year but the upturn will not be strong enough to spare the Labour government from raising taxes again before the next election, according to an annual Financial Times poll of economists. The survey of 96 leading economists found that, although the UK is likely to outperform France and […]
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Dado Ruvic | Reuters Cryptocurrencies rose to start the year, rebounding from recent losses as investor optimism returned to the market. The price of bitcoin rose 3% to $97,426.02 Thursday, bringing its new year gain to about 4% when counting trading from the […]
The 10-year Treasury yield rose again on Friday, hovering near a seven-month high. The yield on the benchmark 10-year Treasury was 4 basis points higher at 4.626%. The 10-year rate hit a high of 4.641% in the previous session, hitting its highest level since May. The 2-year Treasury was fractionally lower at 4.318%. One basis point is equal […]
Experts say Cyclone Chido was fueled by warm Indian Ocean temperatures driven by climate change. Cyclone Chido killed at least 94 people in Mozambique in its deadly rampage through the Indian Ocean last week, the country’s disaster management agency said Sunday, raising a previous death toll of 76. The cyclone, which devastated the French island […]
The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans. The rate rose to 6.72% from 6.6% last week, mortgage buyer Freddie Mac said Thursday. The rate […]
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated to 2.6 per cent in November, highlighting the Bank of England’s challenge as it grapples with persistent price pressures and a stagnating economy. The rise in the consumer price index was above […]
Ships float in Aasiaat’s harbor. Vaido Otsar via Wikipedia under CC By-SA 4.0 For the past four summers, a research team from Columbia University’s Lamont-Doherty Earth Observatory has loaded into a small plane and flown to the town of Aasiaat, on an island of the same name off the western coast of Greenland. The researchers […]
Warner Music Group reported fiscal fourth-quarter revenue of $1.63 billion, up 4 percent from a year ago, but net income of $48 million fell 69 percent from $154 million a year ago. The bottom line drop disclosed on Thursday was put down to higher interest expense and the impact of exchange rates on the company’s […]
WASHINGTON (Reuters) – U.S. worker productivity increased moderately in the third quarter, resulting in only a gradual slowdown in labor costs that could cast a cloud over the inflation outlook. Nonfarm productivity, which measures hourly output per worker, increased at a 2.2% annualized rate last quarter, the Labor Department’s Bureau of Labor Statistics said on […]
