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The Federal Reserve (the Fed), which oversees the US banking system, has proposed significant changes to its annual bank stress tests. Stress tests are critical yearly exercises where the Fed checks to see if major banks can survive a severe economic downturn, like a deep recession or a financial crisis. Why the Fed is Changing…
According to a report in the Telegraph, the UK government is preparing to announce a major change for savers in the upcoming November Budget. The government plans to cut the amount of interest people can earn tax-free from their cash savings. What is Being Cut? The cut will target the Personal Savings Allowance (PSA). The…
The UK bank NatWest has delivered excellent news to the market, announcing a sharp rise in profits for the third quarter (Q3). The bank reported that its Q3 profits jumped by 30% compared to the same period last year. Following this strong performance, NatWest has also upgraded its full-year guidance. This means the bank expects…
The United States has indicated it is prepared to introduce even more severe sanctions against Russia to help end the war in Ukraine. However, a key condition has emerged: the US first wants Europe to take the lead in this next round of economic pressure. Why the US is Hesitating The US has already placed…
The Swiss company Schindler, one of the world’s leading makers of elevators and escalators, is feeling confident about its future. The company announced it is raising its expected profit margin for the year 2025. This means Schindler expects to make more profit from every sale than it had previously planned. Why the Forecast is Higher…
The CEO of Baker Hughes, a major oilfield services and energy technology company, has given a mixed forecast for 2025. The CEO expects the company to be resilient (strong enough to handle challenges), but this strength will come from a surprising source: the growth of Artificial Intelligence (AI). The Energy Outlook On the traditional energy…
A major carriage dispute has flared up between media behemoth Disney and Google’s streaming service, YouTube TV. The core of the conflict centers on the fees YouTube TV pays to carry Disney’s suite of channels, which includes key networks like ESPN and the popular Disney Channel lineup. These disputes are common in the broadcast and…
The latest CNBC Housing Market Survey reveals a significant finding: the majority of prospective homebuyers believe that mortgage interest rates will continue to fall. This optimism is a key factor influencing buying decisions and overall market sentiment. The survey likely indicates that homebuyers anticipate a shift in Federal Reserve policy or broader economic cooling. They…
The CNBC Daily Open is focusing on the details of the new four-year economic strategy being implemented by the current US administration. This plan comes with a “Trump twist,” indicating a clear continuation of policies centered on economic nationalism, aggressive trade measures, and deregulation. The core of the strategy includes significant adjustments to US trade…
The Indian government has moved to limit the authority for ordering social media content takedowns, a move directly following a highly publicized spat with Elon Musk’s X (formerly Twitter). The new policy restricts content removal requests to a smaller number of senior, designated officials. This shift is a response to international pressure and legal challenges…
