News Portal

Mortgages, auto loans, credit cards: Expert predictions for interest rates in…

watch now VIDEO 5:18 05:18 The Fed's 2% target could be achieved 'well ahead of schedule', says Ed Yardeni Squawk Box The Federal Reserve 's effort to bring down inflation has so far been successful, a rare feat in economic history. The central bank signaled in its latest economic projections that it will cut interest rates in 2024 even with the economy still growing, which would be the sought-after path to a " soft landing ," where inflation returns to the Fed's 2% target without causing a significant rise in unemployment. "Rates are headed lower," said Tim Quinlan, senior economist at Wells Fargo. "For consumers, borrowing costs…

Take the plunge and discover a healthier life with Good Boost

A fitter life with less joint pain and more mobility – that’s set to be the future for many thousands more as wellbeing tech company Good Boost transforms leisure centres, pools and gyms into therapeutic places promoting healthy ageing. It costs over £7bn to treat the UK’s 20 million people affected by the company’s key market – those with musculoskeletal conditions such as arthritis, back and chronic pain as well as problems both pre and post-surgery. In a bid to stem the human misery and that growing bill, Good Boost’s NHS-certified technology harnesses artificial intelligence (AI) to create personalised exercise programmes and…

Xerox to cut 15% of workers in strategy it calls a "reinvention"

Xerox will lay off 15% of its workforce as the struggling digital printing company moves to cut costs and jump-start growth. In announcing the cuts, Xerox said Wednesday it is adopting a new operating model and organizational structure aimed at boosting its core print business, while also forming a new business services unit. CEO Steven Bandrowczak said in a statement that the shift will enhance the company's ability to efficiently bring products and services to market, labeling the strategic pivot at Xerox a "reinvention." As of October 2023, Xerox had roughly 20,000 employees, according to the company's website. The company also…

Job openings, number of workers quitting drop to lowest levels in 2 years

America’s employers posted 8.8 million jobs openings in November, down slightly from October and fewest since March 2021. But demand for workers remains strong by historical standards despite higher interest rates . Wednesday’s report from the Labor Department showed that the number of job vacancies dipped from 8.9 million in October . It also showed that the number of people quitting their jobs — a sign of confidence in the job market — fell to its lowest level since February 2021. The number of quits is now roughly where it stood before the pandemic erupted in February 2020. In November, job openings dropped by 128,000 in…

'Make Britain Great': Right-wing Upstarts Threaten UK Tories

INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Jan 03, 11:27 AM EST World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Business …