Bitcoin and gold fell as traders adjusted their expectations for U.S. monetary policy. Markets are pricing in a Federal Reserve rate hike for December, ahead of U.S. inflation data. This shift in sentiment comes as investors anticipate tighter monetary conditions.
Alongside the moves in crypto and precious metals, oil prices also retreated as tensions with Iran appear to be easing.
Major automakers are signaling that 2027 will be a more difficult year, citing higher costs for commodities, logistics, and memory chips. At the same time, they say it's becoming harder to raise prices on new vehicles without losing buyers. The combination of rising expenses and weakening pricing power puts pressure on margins for traditional carmakers. For consumers, this could mean fewer di…
The Bank of England has raised its base rate from 3.75% to 4%, marking the first increase in over three years. Eight members of the monetary policy committee backed the move, while one member, Catherine Mann, argued for a larger half-point jump. The Bank's governor also signalled another rise could come soon.
How are you adjusting your budget in response to rising interest rates?
Britain just sold five-year debt at the highest borrowing cost since 2008, right before the upcoming budget. UK shop price inflation hit its highest level since 2024 as retailers struggle to keep prices down. HSBC's share price dropped 6% this morning, dragging the FTSE 100 down 108 points to 10,659.
How are rising borrowing costs affecting your personal finances or spending plans?
A stroll through a European supermarket reveals striking price differences. In some countries, a loaf of bread can cost more than three times what it does in others, according to a Euronews Business analysis. The variation makes everyday shopping feel very different depending on where you live.
What's the biggest price difference you've noticed between grocery stores in different coun…