The Bank of England has decided to keep interest rates at 4%, a choice made by a very small margin. The panel thinks inflation, which is how fast prices go up, has reached its highest point. But they want to see more proof before they lower rates. The governor, Andrew Bailey, is in a tough spot. He needs to decide if he's going to be like Santa and cut rates or like ...
In the UK, the finance minister, Rachel Reeves, has made it clear that she's not afraid to make tough decisions, even if they aren't the most popular. Her goal? To shield the country from the ongoing struggles of high inflation and interest rates. As she prepares for the upcoming budget on November 26, she's considering whether to raise taxes or not. Reeves recently...
Domino's Pizza Group in the UK is facing a challenging market. The company recently lowered its profit expectations for 2025. This is due to higher labor costs and weaker consumer spending. The UK economy is struggling with inflation and uncertainty. These factors are making it harder for businesses like Domino's to grow. To cope, Domino's franchisees are raising pr...
So, there's this big crypto exchange in Latin America called Ripio. It's got over 25 million users, which is a lot! They just came out with something new: a digital currency called wARS. It's tied to the Argentine peso, so it's stable, just like the peso. You can use it on Ethereum, Coinbase's Base, and World Chain. This is a big deal because it lets people send and...
Let's dive into some interesting numbers that show what's happening in the world right now. First up, phones in schools. Some places are saying no to cell phones during class. Guess what? It seems to help kids do better in school. Fewer distractions mean more learning. But not everyone is happy about it. Some students feel cut off from their friends and the world ou...
The Federal Reserve is in a tough spot. It's like trying to walk a tightrope while someone keeps shaking the rope. The Fed needs to decide whether to cut interest rates, but it's not an easy call. On one hand, the job market is cooling off. Unemployment is up, and job growth has slowed down. On the other hand, inflation is still running higher than the Fed would like...
Big things are happening in the world of money and Bitcoin. The Federal Reserve, which controls a massive $6. 6 trillion, might soon stop shrinking that number. This could mean more money flowing into the market, and Bitcoin is already feeling the buzz. Bitcoin's price has been on a wild ride. After a sudden drop, it bounced back, climbing nearly 10% and crossing $1...
Seattle's living costs are higher than most places in the U. S. This is a big deal for people who rely on Social Security. The Social Security Administration just announced a 2. 8% increase in benefits for 2026. But will this be enough to cover the rising costs in Seattle? The cost of living in Seattle is about 13. 5% higher than the national average. This means tha...
Stocks hit record highs on Friday after inflation data came in softer than expected. The Dow Jones Industrial Average crossed 47, 000 for the first time, while the S&P 500 and Nasdaq also saw gains. This marks a strong week for the markets, with all three major indexes up around 2%. Ford led the charge, with shares jumping over 12% after strong earnings. The automak...
Prices went up, but not as much as people thought they would. This is what happened in September. The numbers came out late because the government wasn't working. The U. S. Bureau of Labor Statistics said prices were 3. 0% higher than last year. That's a bit less than what experts guessed. It's also a tiny bit lower than the increase in August. This news makes it m...