LONDON (Reuters) - Bank of England Chief Economist Huw Pill said on Thursday that members of the central bank's Monetary Policy Committee were more confident that they would soon be able to cut interest rates, although they needed more evidence.
"I think we're growing more and more confident that we can begin to reduce the restriction that monetary policy is putting in the economy and start to cut interest rates," Pill said at a question and answer... (continue reading...)
By Niket Nishant and Manya Saini
(Reuters) - Robinhood Markets' suite of new products, including its credit card and futures trading platform, will be crucial to drive growth as market fluctuations and regulatory risks cloud the near-term outlook for its legacy business, analysts said.
The expanded offerings show that the 11-year old trading app, best known for its appeal among retail traders, is beginning to mature into a... (continue reading...)
By Trevor Hunnicutt and Doina Chiacu
WASHINGTON (Reuters) - President Joe Biden believes that a major Rafah operation by Israel will not advance the country's objective of defeating the Hamas Palestinian militant group in Gaza, the White House said on Thursday.
"Smashing into Rafah, in his view, will not advance that objective," spokesman John Kirby said in a briefing with reporters.
Kirby said Hamas had been pressured... (continue reading...)
By Abigail Summerville
NEW YORK (Reuters) - The private equity owner of Good Sportsman Marketing Outdoors is exploring a sale of the hunting and fishing gear maker that could value it at about $1.5 billion, including debt, according to people familiar with the matter.
Irving, Texas-based GSM, which is owned by Gridiron Capital, is working with investment bank R. W. Baird to gauge interest from potential buyers that include other private... (continue reading...)
WASHINGTON (Reuters) - U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide a significant boost to the housing market.
The average rate on the popular 30-year fixed-rate mortgage was down to 7.09% as of May 9, from 7.22% last week, ending five straight weekly increases, mortgage finance agency Freddie Mac said in a statement on Thursday. It averaged 6.35%... (continue reading...)
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