After previously describing U.S. economic growth as modest, the Federal Reserve’s latest Beige Book said economic activity has been “about flat or up slightly” since mid-October. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, said five districts reported slight or modest gains in activity, while the rest experienced either no […]

UK mortgage approvals declined to a 28-month low in October as rising interest rates started to hurt housing market activity, official data revealed on Tuesday. Approvals for house purchases, an indicator of future borrowing, declined more-than-expected to 58,977 in October from 65,967 in September, the Bank of England data showed. The expected level was 60,200 and reached the lowest since […]

Delaware residents should hurry up if they haven’t yet applied for the $300 direct tax rebate. Eligible residents have until the end of the month to submit their application for the direct tax rebate from Delaware. Direct Tax Rebate From Delaware: How To Apply In April, the Delaware General Assembly approved the 2022 Delaware Relief Rebate Program which authorizes a […]

Sweden central bank lifted its key interest rate by 75 basis points and signaled additional hike early next year to tame inflation. The Executive Board of Riksbank decided to raise the policy rate by 0.75 percentage points to 2.50 percent. The central bank started tightening its policy in April, when the policy rate was zero percent. “As the Riksbank is […]

Prosus N.V. (PROSY, PROSF), a Dutch technology investment group, reported Wednesday that its first-half profit attributable to equity holders of the group declined to $2.54 billion from last year’s $15.89 billion. Earnings per ordinary share were 179 US cents, down from 1002 US cents a year ago. Earnings per ordinary share from continuing operations were 165 US cents, compared to […]

For years after getting my first job, I had no idea how to handle my superannuation. Switching jobs over the years meant I ended up with a few different super funds. Some were whittled away to nothing by fees. Others were just left in the ‘default’ investment option since I didn’t know any better. But I knew I needed to […]

Shares of Siemens AG were gaining around 7 percent in the morning trading in Germany after the conglomerate reported Thursday significantly higher profit and revenues in its fourth quarter, and said it expects strong growth in earnings and sales in fiscal 2023. The company also raised its dividend. Roland Busch, President and CEO, said, “Siemens delivered another outstanding performance in […]

Reflecting a continued slump in utilities output, the Federal Reserve released a report on Wednesday unexpectedly showing a modest decrease in U.S. industrial production in the month of October. The Fed said industrial production edged down by 0.1 percent in October following a revised 0.1 percent uptick in September. The dip surprised economists, who had expected industrial production to inch […]