The Bank of England hiked its key rate for the eleventh consecutive session on Thursday as an unexpected rise in inflation outweighed concerns about the recent banking sector turbulence. The nine-member Monetary Policy Committee decided to lift the bank rate by 25 basis points to 4.25 percent. This was the highest rate since 2008. more...
Despite recent turmoil in the banking industry, the Federal Reserve on Wednesday announced that is has decided to continue raising interest rates. The Fed said it has decided to raise the target range for the federal funds rate by another 25 basis points to 4.75 to 5.0 percent. more...
Interest rates are at their highest level since 2007, just before that decade’s financial crisis. more...
Springsteen received the Presidential Medal of Freedom from Obama in 2016 more...
For years, the chemicals used in hair spray and refrigerators wreaked havoc on the ozone layer, the protective shroud that shields us from the sun's harmful ultraviolet radiation. But it wasn't until 1974 that people started to take notice. more...
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