California

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

The Bank of England bought bonds after demands from pension funds Some UK pension funds have faced problematic margin calls BoE support seen as window to post collateral UK government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England that some British pension funds were struggling to …

Analysis: Underwater: how the Bank of England threw a lifeline to the markets Read More »

California gas prices hit new highs as supply shortages persist

California gas prices hit new highs as supply shortages persist

Refinery shutdowns and production issues across California are causing gas prices in the state to soar by up to 15 cents a day. Californians paid $6.29 on average, as of Sept. 30, for a gallon of gasoline, about 66 percent more than the national average of $3.80, according to the Automobile Club of Southern California. …

California gas prices hit new highs as supply shortages persist Read More »

A man bikes past the New York Stock Exchange Wednesday. Markets are watching the path of interest rates closely, as the Federal Reserve announced another increase. (AP Photo/Peter Morgan)

The Federal Reserve is raising rates again. When will mortgage and credit card interest rates stop rising?

A man cycles past the New York Stock Exchange on Wednesday. Markets are watching interest rate developments closely, with the Federal Reserve announcing another hike. (AP Photo/Peter Morgan) Peter Morgan PA When will this spike in mortgage and credit card interest rates end? Maybe early next year. But not anytime soon, experts said Wednesday. A …

The Federal Reserve is raising rates again. When will mortgage and credit card interest rates stop rising? Read More »