Met Office issues new ‘danger to life’ weather warnings in three UK regions
Three UK regions have been put on alert for floods by the Met Office amid warnings lives could be in danger. Northern England, Northern Ireland, and the south west of Scotland are all blanketed under the warnings in place for much of today. Forecasters fears periods of heavy rain could cause homes to be flooded […]
A New Bank Panic?
Today is a day of uncertainty for the American economy. Will more banks have to close, as Silicon Valley Bank did last week and Signature Bank did yesterday? How will financial markets react? What will the federal government do? And will the current turmoil prove to be fleeting — or turn into a true crisis? […]
Fed rate cut soothes, then spooks virus-weary investors
By Rodrigo Campos NEW YORK (Reuters) – Investors had mixed reactions to Tuesday’s surprise 50 basis-point rate cut from the Federal Reserve, helping fuel a day of swings in stocks and other assets. The U.S. central bank cut interest rates in a bid to shield the economy from the impact of the spreading coronavirus, and […]