The Bank of England delivered the biggest interest rate hike in 33 years on Thursday, joining its global peers in aggressive tightening to bring inflation down from double-digits, even as the U.K. economy is forecast to remain in a prolonged recession. The nine-member Monetary Policy Committee decided to raise the bank rate by 75 basis points to 3.00 percent from 2.25 percent. more...
Federal Open Market Committee members decided upon yet another sizable rate hike today, announcing a 75 basis point increase. Many cryptocurrencies and stocks fell following this move as markets reacted to the news. more...
PC gamers almost never use game discs anymore with all the sources for downloadable titles, but what if you didn’t have to download them every time? Code from the latest beta builds of the desktop Steam client points to an upcoming feature that would let you move game files from one device to another on your network, potentially saving you a ton of time and bandwidth. You can tinker with this feature ...
Switzerland's consumer price inflation eased more-than-expected in October to reach its lowest level in five months, data from the Federal Statistical Office showed on Thursday. more...
The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points. Citing efforts to achieve maximum employment and inflation at the rate of 2 percent over the longer run, the Fed announced its decision to raise the target range for the federal funds rate to 3.75 to 4 percent. more...
Recent Comments