Tag: cut
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Undersea cables cut or damaged, and European governments hint at possible Russian sabotage
Two undersea cables carrying internet data deep in the Baltic Sea have been damaged, European telecommunications companies have said, drawing warnings from European governments of possible Russian “hybrid warfare” targeting global communications infrastructure. The foreign ministers of Finland and Germany said in a joint statement on Monday that a cable connecting the two countries had…
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4,000 miners cut off from supplies in underground standoff over illegal mining in South Africa
Johannesburg — More than 4,000 miners locked in a standoff with South African authorities over illegal mining were believed to be sick and increasingly weak inside an abandoned mine shaft Thursday. South African police confirm the partly decomposed body of one miner had been brought to the surface from inside the Stilfontein mine in the country’s…
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How much would a $10,000 home equity loan cost monthly now that rates are cut?
Before borrowing from their home equity, homeowners should calculate their potential monthly payments. Getty Images The federal funds rate is on the decline again. And that’s good news for borrowers of all types, particularly those who are considering accessing their existing home equity. While the Federal Reserve’s actions (or lack thereof) influence borrowing products in…
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Should you refinance your home equity loan now that rates are cut? Experts weigh in
By refinancing their home equity loan at today’s interest rates borrowers could potentially save a substantial amount of money. John Solie/Getty Images In the post-pandemic era, home equity loan rates and home equity line of credit (HELOC) rates rose as the Federal Reserve increased the benchmark interest rate. While the cost of home equity loans…
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Minneapolis Fed president says another interest rate cut in December is “certainly possible”
Minneapolis Fed president says another interest rate cut in December is “certainly possible” – CBS News Watch CBS News Neel Kashkari, the president of the Minneapolis Federal Reserve, tells “Face the Nation with Margaret Brennan” that another interest rate cut after the December Fed meeting is “certainly possible” but “we want to have confidence that…
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Steve Madden says it will cut production in China to avoid Trump tariffs
Trump promises tariffs for economic plan Trump promises tariffs to help pay for economic plans 08:18 One company is already responding to President-elect Trump’s proposed tariffs, which if imposed could result in higher prices for American consumers as retailers pass along added costs on imports to shoppers. Shoemaker Steve Madden says it plans to import fewer goods…
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4 smart home equity moves to make now that the Fed cut rates again
To get the most value out of their home equity borrowers should make select moves now that the Fed’s cut interest rates again. Getty Images/iStockphoto While another Federal Reserve rate cut issued this week won’t be great for savers accustomed to earning high returns on their money, it will provide another boost to borrowers. Whether…
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What the Fed rate cut means for HELOC interest rates
A HELOC offers homeowners the key to cost-effective financing right now. Getty Images/iStockphoto Interest rates are heading down again, according to the Federal Reserve. On Thursday, the Fed issued another cut to its federal funds rate, the second in the last three months. Now at a range between 4.50% and 4.75%, the rate is down…
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How the Federal Reserve interest rate cut could affect Americans
How the Federal Reserve interest rate cut could affect Americans – CBS News Watch CBS News The Federal Reserve’s latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron’s, joins CBS News with more on the cut’s impact. Be the first to know…
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The Federal Reserve is making a rate cut decision on Thursday. Here’s the impact on your money.
The Federal Reserve on Thursday is expected to cut interest rates for the second time this year, with the decision coming less than two months after its surprise jumbo cut in September. The Fed is expected to shave borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to forecasts…