Capital One Accused of Withholding $2 Billion in Interest from Millions of Customers In a stunning development that has rocked the banking industry, Capital One is facing a federal lawsuit alleging it defrauded millions of customers of more than $2 billion in interest payments. The Consumer Financial Protection Bureau (CFPB) claims that Capital One deliberately […]
Gold's Glitter Amid Global Uncertainty Gold has always stood as a beacon of stability during turbulent times, and 2024 has showcased this enduring trend with remarkable clarity. The precious metal, long viewed as a hedge against economic and political instability, has reached a new record high, fueled by a confluence of geopolitical tensions, economic shifts, […]
U.S. Stock Market Surges on Election Day As the U.S. presidential election commanded national attention on Tuesday, investors sent the stock market upward with notable gains. The major indexes reflected confidence in the economy’s resilience and an eagerness for political clarity. This performance hints at an optimism that extends beyond just Election Day, shaping expectations […]
The Federal Reserve has reduced US interest rates by 50 basis points, marking its first reduction in 4 years and bringing the benchmark rate down to a range of 4.75-5.00 percent. This adjustment, which is twice the usual 25 basis point change, reflects increased apprehension regarding economic growth as inflation begins to decelerate. The decision […]
Yesterday, the Federal Reserve cuts US interest rates for the first time in four years. America’s central bank, which lifted rates to a two-decade high announced a cut of 50 basis points. Back in 2023, Billionaire and Millionaire investors were adding to their cash mountains, betting on higher interest rates and weak stock markets. More than a […]
On Thursday, the Bank of England voted unanimously to raise the interest rate to 0.75%, the highest it has been since the financial crash nearly 10 years ago. As consumers, businesses and institutions ran through the potential ramifications, it generated plenty of chatter on social media - so, this week’s Tweet of the Week comes […]
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