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How worried should you be about the ongoing banking crisis? As First Republic shares nosedive after SVB and Signature collapsed and Credit Suisse is taken over by UBS - experts weigh lasting impacts of roiled market
20/03/23 18:47
The frightening saga has transpired over the course of just two weeks, and has spurred the demise of now four major banks - Silvergate, Silicon Valley Bank, Signature, and, most recently, major global lender Credit Suisse. The consecutive collapses have sent shockwaves throughout the sector, while leading to liquidity crunches for other regional banks such as First Republic, as concerned citizens continue flock to branches to withdraw from their accounts. The San Francisco lenders' shares, as have dozens of others', have taken a nosedive over the past ten days, putting pressure on the Fed to put a pause on a series of rate hikes to ensure financial stability. Other 'emergency lifelines' offered by regulators have included a $54billion buyout of New York-based Suisse by the Swiss government, and a $30billion bailout for First Republic from a coalition of big banks including JPMorgan and Goldman Sachs....read
Wall Street opens higher with Dow Jones up more than 300 points and S&P 500 rising 0.6% as UBS' Credit Suisse takeover eases market jitters - despite First Republic continuing ten-day rout
20/03/23 12:09Traders at the New York Stock Exchange looked amazed to see the market turmoil affecting some of the US biggest stock indexes had stabilized - a signal that banks may be on the road to recovery.
'We can't keep repeating this approach': Elizabeth Warren calls for Federal Reserve System probe and blames weakening regulations after Silicon Valley Bank implosion
19/03/23 22:17Democratic Senator Elizabeth Warren is pushing for an investigation into the Federal Reserve System that caused collapse of Silicon Valley and Signature Banks
What a cheek: Wife of Credit Suisse MD Lizzie Asher flashed her derriere at NYC gala - as troubled bank took $54BN bailout
17/03/23 21:57Lizzie da Trindade-Asher, the wife of Suisse's Daniel Ezra, supposedly went 'wild' at the high-profile event, where over 300 guests gathered for a black-tie fundraiser on Park Avenue.
Emergency loans to banks spike to highest-ever levels as they borrow $153B from Fed - surging 3,000% from a week earlier and smashing the record set during 2008 crisis
17/03/23 17:10The surge in borrowing followed the collapse of Silicon Valley Bank and Signature Bank last week, which prompted fears that a widening banking crisis could engulf small and mid-sized US banks.
Fed set to RAISE interest rates next week despite banking crisis: First Republic shares plunge 30% as $30B rescue deal fails to calm investor fears and Dow drops 380 points
17/03/23 13:21The Fed appears likely to raise interest rates further next week despite banking crisis fears, as the central bank weighs its battle to tame inflation against rising stress in the financial sector.
Peter Thiel reveals he had $50M in SVB when it went under - despite telling investors to pull their money out of the troubled bank hours before its collapse
17/03/23 02:23Peter Thiel's venture capital firm Founders Fund withdrew all its money from Silicon Valley Bank on March 9, but when it collapsed on March 10 Thiel himself had $50 million in his own account.
Fed is slammed for missing red flags at SVB - including its unusually high level of uninsured deposits, investments in long-term government bonds and rapid post-pandemic growth
14/03/23 22:32Silicon Valley Bank's managers seriously mismanaged the company, critics have said - and are asking how the Fed overseers managed to miss so many warning signs.
Billionaire Citadel founder says Biden should NOT bail out SVB depositors and claims it would be a 'great lesson in moral hazard' - as his fund scoops up 5% of Western Alliance, one of the regional banks rocked in the crisis
14/03/23 21:18'There's been a loss of financial discipline with the government bailing out depositors in full,' Ken Griffin said in an interview on Monday, before his Citadel announced a stake in Western Alliance.
Assets of US banks are worth massive $2TRILLION less than their accounts report and 200 banks could be at risk if customers rush to withdraw, leading academics warn
14/03/23 17:18The shortfall is made up of 'unrealized losses' like those which triggered the collapse of Silicon Valley Bank, a study suggests.
Democratic Senator Elizabeth Warren says Federal Reserve Chair Jerome Powell is to BLAME for slew of bank failures - and should recuse himself from any investigation
14/03/23 15:26Elizabeth Warren on Tuesday said the blame for bank collapses lay directly with the head of the Federal Reserve and demanded that Jerome Powell recuse himself from an internal review.
Inflation slows again to 6% from 6.4% a month earlier - as Fed considers pausing its interest rate hikes to confront banking crisis
14/03/23 12:50The Labor Department's Tuesday report on the consumer price index showed that February marked the eighth straight month of declining annual inflation, from this summer's peak of 9%.
HSBC snaps up UK arm of failed lender Silicon Valley Bank for just £1 in bid to prevent tech sector collapse - after more than £50BILLION was wiped off FTSE amid global financial panic
13/03/23 21:03The collapse of tech-focused Silicon Valley Bank sparked fears across Wall Street that the banking system was being crippled by a relentless cycle of interest rate rises.
New fears of banking contagion are triggered by crisis that killed Silicon Valley Bank, as billionaire economist Bill Ackman demands Biden 'guarantee all deposits now' - or else America's economy could melt down
13/03/23 16:11At least 20 regional banks were hit with trading halts this morning as turmoil sparked by Silicon Valley Bank's collapse gripped Wall Street.
Trading temporarily HALTED in dozens of banks after shares fell by up to 75% when market opened at 9.30am - moments after Biden said 'US banking is safe' - as contagion spreads to heavyweights Wells Fargo, Bank of America and JP Morgan
13/03/23 11:33Trading was temporarily halted in dozens of regional banks this morning as shares fell by up to 75 percent when the market opened after Joe Biden claimed 'US banking is safe.'
America's $620 billion ticking time bomb: FDIC reveals the extraordinary amount of 'unrealized losses' across U.S. banks amid fears more will collapse after the sudden failure of SVB and Signature
13/03/23 05:52Martin Gruenberg, chair of the Federal Deposit Insurance Corporation (FDIC), warned four days before Silicon Valley Bank's collapse that there was a ticking time bomb inside many banks.
Federal Reserve announces that ALL depositors at Silicon Valley Bank will be protected as another bank - Signature Bank - closes, and an auction is held for SVB's assets
12/03/23 22:42The Federal Reserve on Sunday evening announced all deposits at Silicon Valley Bank will be protected - even those exceeding the $250,000 guarantee.
'The banking system remains resilient': Treasury Secretary Yellen says she has 'full confidence' in US banking, at talks with regulators over SVB failure
10/03/23 20:53The Treasury secretary expressed 'full confidence' in the U.S. banking system after the failure of Silicon Valley Bank, in the largest such event since 2008.
Americans racked up a record $180 BILLION in new credit card debt in 2022 - and Fed's next rate hike is expected to add $3.4B in interest payments over the next year
09/03/23 20:45Americans racked up a record $180.3 billion in additional credit card debt last year, as rampant inflation and dwindling savings rates forced many families to tap lines of credit, a new study finds.
Brits face MORE mortgage pain this month: Markets price in Bank of England interest rate hike from 4% to 4.25% in a fortnight after US Federal Reserve warned inflation is still not under control
08/03/23 10:16Markets have priced in another 0.25 percentage point hike by the Bank of England when the decision is announced on March 23.
Dow Jones plummets 570 points and drops into the red for 2023 after Federal Reserve revealed it could raise interest rates HIGHER and faster than expected to stave off rampant inflation
07/03/23 18:15Wall Street's major stock indexes were falling on Tuesday, after the Federal Reserve warned it could speed up its interest rate hikes if inflation continues to run rampant.
Federal Reserve could raise interest rates HIGHER and faster than expected to combat inflation and Biden's fiscal policy is NOT to blame for surge in prices, chair Jerome Powell tells Senators
07/03/23 15:35The Federal Reserve could press on with rate hikes if inflation does not begin to fall faster and the economy doesn't cool off, chair Jerome Powell told Senators on the Banking Committee on Tuesday.
Not very reserved! Fed Governor Christopher Wallace is forced to cancel online conference after attendee bombarded group with PORN
03/03/23 14:42Federal Reserve Governor Christopher Waller was forced to cancel a Zoom videoconference on Thursday after it was 'hijacked' by a participant who displayed pornographic images.
US housing market faces 20% correction amid further rate hikes and overinflated housing market, Dallas Fed warns
02/03/23 05:18The Dallas Federal Reserve credited a 19.5 percent correction due to the ongoing house-price-to-rent ratio and affordability crisis.
Billionaire investment guru Warren Buffett issues stark inflation warning: 'Fiscal deficits have consequences' - after rate rose to 5.4% and Wall Street saw its worst week of 2023
26/02/23 02:56In his annual letter to Berkshire Hathaway shareholders, billionaire investor Warren Buffett warned about inflation and tough economic times to come, as inflation rates remain persistently high.
Fed's preferred inflation measure RISES to 5.4% in biggest monthly jump since June - sending Wall Street to its worst weekly loss so far this year
25/02/23 04:29The personal consumption expenditures price index rose at a 5.4% annual rate in January, up from 5.3% rate seen the prior month, the Commerce Department said on Friday.
US stocks enter 'death zone': Morgan Stanley issues dire warning to investors who 'followed prices to dizzying heights' amid fears S&P 500 could plummet 26% within months
22/02/23 15:12US stocks have risen to unsustainably high levels and are facing near-certain losses once investors realize that the Federal Reserve will likely not pivot later this year.
Goldman Sachs and Bank of America predict three more Fed rate hikes this year - hitting a peak 5.5% in June - as inflation remains persistent and hot job market pushes wages up
17/02/23 18:08Markets had been predicting two more quarter-point rate hikes, in March and May, but the latest forecasts suggest the Fed could implement a third increase at its June meeting, before leveling.
Inflation slows again to 6.4% from 6.5% a month earlier: Food and energy prices remain stubbornly high as experts say Fed 'still has more to do'
14/02/23 13:57January marked the seven straight month of declining annual inflation from this summer's peak of more than 9%, according to the Labor Department's report on the consumer price index on Tuesday.
Britain is set to host one of the Davis Cup finals groups this September but is unlikely to bid for the finals of the Billie Jean King Cup again
05/02/23 22:31Glasgow hosted both events last year but the Lawn Tennis Association incurred a large financial hit, with the Billie Jean King Cup said to have made a loss running into six figures.
Biden takes NO blame for historic inflation - because it was 'already here when I got here, man': President claims he inherited 'difficult' economy from Trump and turned it around in victory lap speech over the 517,000 jobs added in January
03/02/23 13:46January´s job growth, which far exceeded December´s 269,000 gain, could raise doubts about whether inflation pressures will ease further in the months ahead.
Can a $1 TRILLION platinum coin solve the U.S. debt crisis: The Treasury Secretary has dismissed it as a 'gimmick' - but could it be the only way to get the U.S. out of a $31 trillion hole?
03/02/23 00:56Could the Treasury end the debt crisis by minting a $1 trillion platinum coin and depositing it at the Federal Reserve, giving the government pots of cash to pay its bills?
US unemployment claims hit nine-month low after falling for the fourth time in five weeks - ticking down by 3,000 to 183,000
02/02/23 18:22The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the jobs market remains resilient despite a looming recession.
Fed raises interest rates by quarter percentage point and signals ANOTHER hike in March in bid to cut inflation
01/02/23 19:05The Federal Reserve has raised its target interest rate by a quarter of a percentage point, slowing down from the rapid hikes implemented last year to curb a surge in inflation.
U.S. economy grew by 2.9 percent in 4Q of 2022 YET fears of a recession this year remain high
26/01/23 14:06The US economy grew at an annualized rate of 2.9 per cent in the fourth quarter, beating expectations but dipping from 3.2 per cent growth in the third quarter.
REVEALED: The four cities where house prices will fall the MOST since 2008 crash - San Jose, Austin, Phoenix and San Diego could see valuations plunge 25% as property across rest of US dips, Goldman Sachs warns
25/01/23 01:05The Fed's ongoing inflation battle, which sent mortgages spiraling from 3% to 7% in 2022, has throttled the housing market and sparked the biggest price correction since the 2008 crash.
Jerome Powell warns Federal Reserve should NOT tackle climate change and social issues as he slaps down woke colleagues
11/01/23 01:08Federal Reserve Chair Jerome Powell cautioned that institutions like the Fed must 'resist the temptation' to try and tackle social issues such as climate change in a speech in Sweden.
Dow Jones slumps on first trading day of the year, after Wall Street finished 2022 with its worst losses since 2008
03/01/23 14:38Wall Street's main indexes slumped on the first trading day of the new year, after closing out 2022 with their worst performance in 14 years.
Two-thirds of economists at biggest banks predict a recession in 2023: Warning signs include dwindling pandemic savings, decline in housing market and tightening lending rules
02/01/23 20:11The Wall Street Journal survey of 23 primary dealers, the large financial firms that do business directly with the Federal Reserve, found a majority expect a recession in the coming year.
The five least affordable housing markets in the U.S. revealed - and New York is NOT #1: Families would have to spend 85.67 percent of their paycheck on their mortgage
30/12/22 08:20Miami came in as number one on the list of least affordable housing markets in the U.S., followed by New York and Los Angeles, while the most affordable is Wichita, Kansas.
Inflation cools amid hopes worst of torrid price spikes are in rear-view mirror - but fight not over with Fed still expected to raise interest rates
23/12/22 16:51A key indicator of US inflation has edged down in welcome news to households grappling with soaring costs.
'Average' American won't take a new job for less than $74k as salary expectations - particularly among younger workers - hit record high, fed survey finds
21/12/22 22:49The average American said they would need a salary offer of $73,667 to accept a new job, according to a new poll conducted in November.
'It's the perfect storm': Vehicle repossessions rocket as the average monthly payment for a new car jumps 26% in three years and prolonged inflation put pressure on household budgets
19/12/22 15:51A growing number of Americans are falling behind on their car payments as the lowest-income residents struggle to meet their monthly debts.
What the Fed's rate hike means for you: Higher borrowing costs could raise credit card and loan payments, but experts say mortgage rates may have already peaked
14/12/22 21:55The Federal Reserve's latest interest rate hike could mean higher borrowing costs for some consumers, but when it comes to mortgage rates, this time might be different.
Fed slows its interest rate hikes with smaller half-point raise after signs of cooling inflation - but new 4.5% funds rate is still the highest in 15 years
14/12/22 19:09The Federal Reserve has slowed the pace of its interest rate hikes in its latest decision on Wednesday, issuing a smaller increase in its final decision of the year.
BREAKING NEWS: Federal Reserve increases interest rates by HALF a point: Central Bank confirms smaller hike with inflation, but Fed chair warns 'we have more work to do'
14/12/22 19:01The Federal Reserve rose its benchmark interest rate by half a percentage point on Wednesday, one day after inflation figures showed prices up 7.1 percent year-over-year.
Romeo Beckham commands attention in an £800 purple printed co-ord as he joins stylish girlfriend Mia Regan at mum Victoria's swanky beauty event
14/12/22 17:13The evening celebrated the former Spice Girl's fashion brand and was attended by models and influencers the 21-year old footballer's model girlfriend Mia Regan.
Biden hopes inflation is back to normal by the 'end of next year': President says prices will not go up any further and brags his 'economic plan is working' after latest CPI figures
13/12/22 16:07President Joe Biden said Tuesday that he hoped inflation would be under control by the end of next year, but told reporters he couldn't make any guarantees.
Inflation slows again to 7.1% in fifth-straight month of decline as falling energy prices offset rising groceries and rent: Fed is now expected to issue smaller rate hike tomorrow
13/12/22 13:40The Commerce Department's Tuesday report on the consumer price index showed inflation still remains uncomfortably high, but has fallen well below its June peak of 9.1%.
American households lost about $6.8 TRILLION in wealth in the first nine months of 2022 as the stock market shed more than 25% of its value
12/12/22 20:19American households lost more than $6.8 billion in aggregate net worth in the first nine months of 2022, due largely to steep declines in the stock market, according to new Federal Reserve data.
JPMorgan CEO Jamie Dimon says inflation could tip the US economy into a recession next year - and while consumers have $1.5M in excess savings from stimulus programs, they're spending 10% more than in 2021 as a result
07/12/22 03:10Jamie Dimon continued to sound the alarm about the immediate forecast for the US economy as he warned that inflation may soon wipe out consumer wealth and send the country into a recession.
U.S. adds 263,000 jobs in November - beating economist expectations of 200,000 - and unemployment stays at 3.7% despite Federal Reserve rate hikes and recession fears - but will it last?
02/12/22 13:36The report is good news for President Biden with the economy still battling inflation and amid mounting recession fears.
BREAKING NEWS: Federal Reserve chair says central bank will SLOW interest rises to half a percent in December in a bid to get back to the 2% inflation target
30/11/22 18:49Powell indicated Wednesday that the central bank is on track to pare back its rate hike to only half a percent in December, after four straight jumbo 0.75 percent hikes.
Home prices could fall 20% in a 'pessimistic scenario' as mortgage rates rise but 'a severe bust isn't inevitable' says Dallas Fed economist
17/11/22 16:06Enrique Martínez-García, a senior research economist at the Dallas Fed, published his analysis on Tuesday, examining how to 'thread the needle' in deflating the housing bubble.
Fed tells employers to STOP giving pay rises in order to bring inflation down: Warns wages are rising faster than they have in decades - and there are now almost two jobs for every person looking for work
17/11/22 04:49Christopher Waller, one of six members of the Fed's board of governors, on Wednesday told a gathering in Arizona that he hoped wage rises would slow down, to reduce inflation.
Fed official says he's 'comfortable' with smaller interest rate hikes - but warns he won't be 'head-faked' by signs inflation is slowing and notes 'one report does not make a trend'
16/11/22 22:14A Federal Reserve policymaker who was an early and outspoken 'hawk' on inflation has softened his outlook, saying he is now 'more comfortable' with smaller interest rate increases going forward.
Glimmer of hope for homebuyers as mortgage rates drop to 6.9% in the biggest one-week decline since July - sending purchase applications up 4%
16/11/22 15:37The average contract rate on 30-year fixed mortgages dropped to 6.9 percent last week, from 7.14 percent the prior week, the Mortgage Bankers Association said on Wednesday.
US household debt jumps to $16.5 TRILLION - an increase of 8.3% in the fastest rise since 2008 - as inflation pushes Americans to tap lines of credit to afford rising prices
15/11/22 20:18Total household borrowing reached $16.51 trillion in the third quarter, a $351 billion increase from the prior quarter and 8.3 percent jump from a year ago, the fastest annual increase in 14 years.
Is inflation FINALLY slowing? Wholesale prices rise less than expected in another sign inflation is easing: Dow jumps 375 points on hopes Fed will slow interest rate hikes
15/11/22 15:07The producer price index for final demand, which measures inflation before it reaches consumers, rose 8 percent in October from a year ago in the fourth straight month of decline.
Dow surges 1,200 points and Wall Street posts its best day in two years as cooling inflation gives investors hope the Fed will slow its rate hikes
10/11/22 20:32Wall Street surged on Thursday and pointed toward its best session in two years after a new report showed US inflation is cooling faster than expected.
Through the roof! Rate on 30-year fixed mortgage increases to 7.14% - the highest since 2001 - as boom towns like Miami and Phoenix see 50% drop in housing demand
09/11/22 18:51US mortgage rates ticked back up to 7.14 percent this week after a minor dip at the end of October. The rate is now close to the highest it's been since 2001.
Green shoots of recovery in housing market? As mortgage rates dipped below 7%, pending sales RISE, homebuyer demand increases slightly and mortgage applications level off - but third fewer homes were sold in October
06/11/22 17:16A new report suggests several elements of the homebuying market stabilized during the final week of October, though home sales remained down year-over-year.
Britain faces worst squeeze on real incomes since WW2: Experts warn average household will be £800 worse off in the next 12 months and annual mortgage repayments could soar by £3,900 over the next two years
04/11/22 07:38The Bank of England also warned of soaring unemployment as it predicted that gross domestic product (GDP) could shrink for every quarter for two years.
ALEX BRUMMER: The biggest danger to prosperity is piling on yet more hardship for families
03/11/22 23:57ALEX BRUMMER: After a year of timidly performing its core task of battling inflation, the Old Lady of Threadneedle Street has taken its most dramatic action in 33 years.Britain braces for TWO years of pain: BofE warns 'longest recession in a century' will last until mid-2024 as it raises interest rates to 3% - the largest rise in decades - and Chancellor admits it is 'very tough' news for families with mortgages
03/11/22 12:00The Bank of England hiked the rate by 0.75 percentage points to 3 per cent at lunchtime, potentially adding hundreds of pounds to unfixed monthly mortgage payments.
Bloodbath on the share market as the ASX plunges 2% after US Fed hikes rates by 0.75%
02/11/22 23:14The Australian share market's benchmark S&P/ASX200 has lost more than $55billion - falling by more than two per cent - after the US Federal Reserve's 0.75 percentage point rate hike.
This is what the Fed's interest rate hike means for you: Average mortgage payments will spike by more than $200 and buying a car or carrying a credit card balance will also hit you in the pocket - but savings accounts could offer returns of 2.4%
02/11/22 18:10The rate hike is expected to cause interest rates on mortgages, credit cards and all types of loans to go up, causing monthly bill payments to soar and hurting American's ability to repay their debts.
Fed raises interest rates by 0.75 percentage points for the fourth time in a row to 4 percent - hiking the cost of living for average American family: Central bank warns it may not slow down and will 'stay the course until the job is done'
02/11/22 13:33The Federal Reserve increased interest rates by another 0.75 percentage point to hit 4 percent on Wednesday as the central bank tries to quell rampant inflation, which remains high at 8.2 percent.
Fed's preferred inflation measure remains unchanged at 6.2% as the central bank prepares to issue another jumbo rate hike next week
28/10/22 13:32A key measure of inflation in the US remained stubbornly high last month, in another sign that high prices are becoming deeply entrenched ahead of the Federal Reserve's policy meeting next week.
Stop raising interest rates before we are in a recession, Democratic Senator tells Federal Reserve: Colorado's John Hickenlooper calls for a pause from 'hammering' the economy
27/10/22 18:47Hickenlooper warned the Federal Reserve to slow down its interest rate hikes amid stubbornly high inflation figures to stave off a looming recession.
Goldman Sachs and JPMorgan CEOs predict the US could be on the cusp of a recession and 'aggressive' Fed could continue to raise interest rates until they reach 4.75%
27/10/22 02:39David Solomon of Goldman Sachs and Jamie Dimon of JPMorgan Chase were part of a 10-person panel in Saudi Arabia on Tuesday, and issued bleak warnings about the economy.
Mortgage rates top 7% to hit their highest since 2001 - sending applications for home loans plunging to their lowest level in 25 years
26/10/22 14:23The average contract rate on a 30-year fixed-rate mortgage rose to 7.16 percent for the week ending October 21, up from 6.94 percent the prior week, the MBA said on Wednesday.
The housing crisis continues: Cost of a long-term mortgage now tops 6.94% - the highest rate since 2002 - and it's leading to steep decline in home sales, experts say
20/10/22 22:50The average 30-year rate mortgage went up this week to 6.94% from 6.92% last week - this time last year the rate was 3.09%. Sales of previously occupied homes also fell in September.
Americans expect costs to RISE even more next year in sign that consumers are losing confidence that the Fed can tame soaring inflation, new survey shows
14/10/22 19:50Consumer expectations for inflation rose this month for the first time since March, in a troubling sign that Americans are losing faith in the Federal Reserve's ability to control soaring prices.
Fed says unemployment may have to rise to tame soaring inflation as it issues warning that 'taking too little action' would be worse than another aggressive interest rate rise
12/10/22 19:11The minutes of the Sept. 20-21 meeting showed many Fed officials 'emphasized the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action.'
Mortgage rates rocket to 16 year-high of 6.81% - the eighth consecutive increase in a row - sending annual home sales slumping 39% as Fed stokes interest rates to target inflation
12/10/22 15:24The average interest rate on US home loans has hit its highest level since 2006, as the Federal Reserve's rate hikes to fight inflation continue to raise borrowing costs for homebuyers.
Wholesale inflation remains painfully high at 8.5% as rising costs squeeze businesses: Grain prices jump 30% while vegetables soar 40%
12/10/22 13:13The producer price index, which measures inflation before it reaches consumers, jumped 0.4 percent from August to September, driven largely by rising food and energy prices.
JPMorgan CEO Jamie Dimon warns the US is just MONTHS away from a recession as the Fed battles to fight rising inflation - and is more likely to keep raising borrowing costs
10/10/22 22:26JPMorgan Chase CEO Jamie Dimon predicted that the US will fall into a recession in the coming months as the Federal Reserve tries to combat rampant inflation by bumping interest rates.
US added 263,000 jobs in September: Employment growth slows for the second month in a row while unemployment rate drops to 3.5%
07/10/22 12:37The September jobs report came in better than expected, showing a cooling off in hiring but still a solid number of jobs.
US mortgage rates rise for the SEVENTH week to 6.75% - the highest in 16 years - resulting in slump of more than 14% in applications to buy or refinance homes
05/10/22 14:21Mortgage rates hit 6.75 percent last week, the highest level since 2006. The mortgage rate spikes have resulted in applications to buy or refinance homes to drop by 14 percent last week.
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Millie Mackintosh marks 'new chapter' with very lavish £4,200 painting after her split from husband Hugo Taylor
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Huge Luther spoiler as murdered character returns from the dead and makes epic return to franchise after seven years in new Netflix film The Fallen sun
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Coronation Street and Emmerdale CANCELLED tonight in ITV schedule shake-up set to leave fans livid - with soaps booted to rogue weekend slot
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Suzanne Shaw, 44, and Darren Day, 57, are grandparents! Hear'Say singer's son Corey, 21, welcomes his first child as formerly feuding exes reunite
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The best anti-ageing hack? This clever LED eye mask promises to tackle crow's feet while you relax - and it's on sale
SHOPPING
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Neighbours accuse David and Victoria Beckham of trying to install 'Blackpool-style' LED illuminations at £12million Cotswolds home
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Dame Shirley Bassey, 89, reveals she's having surgery that will prevent her from using her hand as she apologises to fans for no longer being able to sign autographs
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Roxy Horner's hen do revealed as fiancé Jack Whitehall's mum Hilary hints at secret details behind the Easter Weekend getaway
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EXCLUSIVEBritney Spears has been sober since DUI arrest 3 weeks ago as she attends AA meetings regularly
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How much would YOU spend on skincare? Inside Rodial's 'Millionaire' beauty edit - and it's jam-packed with bestselling buys
SHOPPING
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Aaron Taylor-Johnson throws 'major curve ball' in James Bond odds as he surges back into the running to play 007 after months of a 'two horse race'
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James Van Der Beek's widow shares heartbreaking photo of actor with daughter Emilia taken just weeks before his death in honor of her 10th birthday
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Will Best breaks down in tears on most emotional Celebrity Catchphrase ever - as host Stephen Mulhern scrambles to console him and 'there's not a dry eye in the house'
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Claire Foy becomes the latest star to sign up for CBeebies Bedtime Stories as she follows in the footsteps of Harry Styles and Nick Jonas
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Ryan Gosling ACCEPTS Deidre Hall's invitation to appear on Days of Our Lives: 'It's a very enthusiastic yes!'
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Venezuela Fury's VERY lavish hen do: Groom-to-be, 17, gatecrashes event for a dance as Tyson's daughter, 16, shows off outfit change, glambot station and fro-yo stand at her bash
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Pregnant Molly-Mae Hague continues her home renovations as she rips out the guest bedroom and bathroom at her £5million Victorian mansion
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Miley Cyrus says goodbye to Hannah Montana in emotional music video for new single
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EXCLUSIVERisky Business! Tom Cruise's $9.58M Scientology penthouse slapped with $770,000 in liens for unpaid work, years after its $3M makeover
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Want your knitwear to last longer? How one small change in your at-home routine can dramatically extend the life of your clothes
SHOPPING
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Plastic surgeon shares Dakota Johnson's possible cosmetic enhancements after old photos of actress, 36, resurface
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Justin Baldoni moves forward in suing ex-publicist in new legal battle ahead of Blake Lively trial
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Reese Witherspoon shares enthusiastic update on third Legally Blonde film
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Thomas Skinner is a long way from Strictly as he rages about Brits 'having no money' in fiery Question Time rant - before Fiona Bruce brutally swipes 'you're part of the problem!'
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Why this century-old balm is still one of the most talked-about products in beauty - from editors to Victoria Beckham
SHOPPING
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Bikini-clad Maya Jama shares Instagram upload of her crazy life but shocks fans with disgusting peeling feet snap
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More Mormon Wives drama as Jessi Draper sends castmate Miranda Hope flowers after KISSING her ex-husband
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Troubled Peaky Blinders star Paul Anderson reveals next acting role in rare post after missing out on starring in iconic series' Netflix movie
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Anne Hathaway, 43, reveals her anxiety over body dysmorphia as she shares very candid story
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The body oil beauty fans are calling 'confidence in a bottle' - it leaves legs hydrated, smooth and youthful
SHOPPING
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I work in TV and there's a reason you should NEVER trust the BBC's editing of The Traitors - so many fans were tripped up but I saw straight through it
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Alice Evans confesses she is in a 'dark hole' as she thanks fans for 'overwhelming' support following the death of her dad and brother
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Patsy Kensit says she's been 'really been hurt by people' and makes rare comment about her cancelled marriage to Liam Gallagher
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Hannah Waddingham wows in a sequin dress after unveiling new boyfriend as she joins Amanda Holden and her daughter Lexi, 20, at Battersea Dogs and Cats Home's gala
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Dani Dyer is left horrified as dad Danny makes VERY X-rated sex joke about her mother Joanne Mas
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Taylor Swift and Miley Cyrus fail to pose together at iHeart Awards making fans wonder if there is 'bad blood'
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EXCLUSIVEShe worked with Pamela Anderson and danced topless in Patrick Swayze's movie Road House, who is she?
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Forget crash diets: This popular wellness app supports healthier habits - without calorie counting
SHOPPING
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Strictly's Luba Mushtuk breaks her silence on show 'axe' as she becomes latest victim in bloodbath of top talent
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Zendaya wears wedding band and gets windswept as she and Robert Pattinson promote The Drama in Rome
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Kristin Cavallari cozies up to ex former frenemy Lauren Conrad at Laguna Beach reunion premiere
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Downcast Jacqueline Jossa wears a pair of dark sunglasses as she is spotted for first time since split after it was revealed estranged husband Dan Osbourne left over her behaviour
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Good Morning Britain viewers rage 'get some decent presenters!' as they call out Ranvir Singh and Kate Garraway for 'ruinous' habits
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My baby was taken from me when I gave birth aged 16 - the shame and trauma was so appalling I completely disassociated from my life
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Braless Lauren Goodger pulls out all the stops in racy leopard print top as she dresses up for night two of her family holiday with ex Charles Drury
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Rebecca Adlington hits back at mum guilt shamer who claims 'kids should always come first' after Olympic swimmer treated herself to a manicure
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Olivia Attwood is all smiles as she gets up to mischief filming Celebrity Sabotage - after branding her engagement to Bradley Dack 'vomit-inducing'
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Nicola Peltz shares pictures of her love nest with Brooklyn as he lounges on their bed - while the rest of his family publicly support Cruz's gigs
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Jack P Shepherd's pregnant wife Hanni shares first pictures of her growing baby bump and reveals just how far along she is
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Eva Longoria packs on the PDA with husband José Bastón during a romantic lunch date in Marbella ahead of their 10th wedding anniversary
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John Boyega shares 'unheard testimony' about murder of 10-year-old childhood friend Damilola Taylor in heartbreaking new BBC true crime documentary
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Zendaya drops the biggest hint yet she's wed Tom Holland as she reveals the secret to a 'perfect marriage'
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Nicole Scherzinger gives Pussycat Doll tour a shameless plug on stage as she stuns in leather strapless dress at iHeartRadio music awards
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Ex-wife of Bargain Hunt's James Lewis is revealed after presenter, 53, found love with a man 18 years his junior
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Khloe Kardashian shows off her sleek new look in ab-flashing workout gear as mysterious 'scar' vanishes amid surgery rumours for Fabletics shoot
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James Bond contenders Aaron Taylor-Johnson and Theo James recreate Daniel Craig's 007 overlooking the London skyline at Fuze photocall
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Davina McCall, 58, and Jamie Theakston, 55, discuss their changed feelings towards death after cancer battles as presenter reveals she finds it 'liberating' to no longer be afraid of dying
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Zendaya slips into one of Cate Blanchett's favourite gowns for her 'something borrowed' look as she continues bridal method dressing on The Drama promo tour
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JK Rowling gives her verdict on Harry Potter TV series after first trailer - but fans remain firmly divided
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David Beckham's glam sister Joanne shows off her incredible glow-up while supporting nephew Cruz wearing a merch T-shirt at his penultimate UK gig
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Zara Tindall is all smiles as she gets back in the saddle for Barbury Horse Trials
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Princess Charlotte 'could attend prestigious Wellington College where fees start from £15,000 per term'
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Gladiators in show first as Bradley Walsh, 65, takes on challenges HIMSELF in ITV finale - leaving co-stars stunned
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Olivia Attwood returns to work with a smile while ex Bradley Dack hits the golf course as pair are seen for the first time since she branded their engagement 'vomit inducting'
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Is Kanye West being uncancelled? Rapper flashes a smile as he steps out after finally releasing much delayed album Bully
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Arnold Schwarzenegger hits the gym with Joseph Baena as he shows shirtless love child how to make his muscles pop ahead of bodybuilding competition
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Medical drama with 97% Rotten Tomatoes score lauded as 'one of the best shows EVER' is finally streaming in the UK - and is perfect for a weekend binge-watch
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Cruz Beckham's biggest fans: Singer is supported by girlfriend Jackie Apostel and merch-wielding nan Sandra at his penultimate UK gig
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Ryan Thomas' daughter Scarlett films drunken Waterloo Road scenes - collapsing in the street for chaotic BBC storyline
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Ben Affleck is swarmed by fans after taking his child Fin to watch pal Daniel Radcliffe perform on Broadway
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When one stunt double isn't enough! Scarlett Johansson is joined by TWO lookalikes while filming dramatic scenes for The Exorcist reboot in New York
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Taylor Swift and fiancé Travis Kelce make their awards show debut at the 2026 iHeartRadio Music Awards months before wedding
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Richard Osman announces huge changes to House Of Games ahead of Michael Sheen taking over as BBC forced into major rebrand
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Netflix fans go wild for teen drama dubbed 'the Australian Sex Education' and 'better than Euphoria' as 'captivating' new season drops
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EXCLUSIVEVenezuela Fury, 16, stuns in a metallic gold dress and wedding tiara as she kicks off hen do celebrations with Paris
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James Bond front-runners Aaron Taylor-Johnson and Theo James do their 007 hopes no harm at the UK premiere of Fuze
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EXCLUSIVEShocking truth about Jacqueline Jossa and Dan Osborne's split: Why HE left HER, the behaviour that made him walk... and the new 'blazing row' over 'betrayal'
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Crime series dubbed 'the best murder mystery on TV' is BACK - as fans binge-watch every episode and beg show bosses for more seasons
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Olivia Dean joins Leigh-Anne Pinnock, Indiyah Pollack and Tallia Storm at the MOBO Awards as singer is named Best Female Act
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Claudia Winkleman's new BBC chat show may be flopping, but her outfits are still a hit - here's where to shop them
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Stephen Graham dedicates his MOBO Award to his beloved stepfather as he makes rare public appearance with his family
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Taylor Swift has legs for days in mint green as she joins Miley Cyrus and Nicole Scherzinger at the 2026 iHeartRadio Music Awards
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Taylor Swift makes touching dedication to fiancé Travis Kelce as she wins astonishing SEVEN trophies at 2026 iHeartRadio Music Awards
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Tori Spelling, 52, puts on a busty display in racy corset gown at 2026 iHeartRadio Music Awards in Los Angeles
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David and Victoria Beckham in hot water with neighbours AGAIN for plans at their £12M Cotswolds home
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Travis Kelce caught singing Taylor Swift hit as NFL legend joins his fiancee at iHeartRadio Music Awards
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Myleene Klass showcases her jaw-dropping figure in a red bikini as she poses for snaps in Cape Town
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Michael Sheen 'signs up to Celebrity Traitors' as host Claudia Winkleman confirms series two line-up is secured
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Reason behind Kim Kardashian's Tokyo trip with F1 megastar Lewis Hamilton and kids revealed
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Miley Cyrus gets emotional about her Hannah Montana fame as she is honored as innovator at 2026 iHeartRadio Music Awards in LA
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Love Story fact vs fiction: How accurate is the depiction of John F. Kennedy Jr. and Carolyn Bessette's romance
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Britney Spears alleges former bodyguard hacked her iCloud account amid DUI fallout
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Teddi Mellencamp tears up while presenting dad John with honor at 2026 iHeartRadio Music Awards amid cancer battle
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'I hope and pray you have found peace': Emily Atack reveals the devastating loss of her ex Charlie Edwards as she pays a heartbreaking tribute
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The truth behind Love Island winners Samie and Ciaran's split: MOLLY CLAYTON exposes the flirty comments and messy love triangle
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TV presenter Alison Law says her 'Mounjaro journey took a toll on my health' as she reveals how she dropped to a size 8 on weight-loss jab
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Sophie Habboo shows off her toned figure in a black lace dress as she joins husband Jamie Laing at their Raising Chelsea series premiere
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Zendaya ditches her bra in a daringly low-cut gown as she joins co-star Robert Pattinson at the Rome premiere of new movie The Drama
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Kim Kardashian spotted on romantic Tokyo getaway with Lewis Hamilton amid blossoming relationship
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Leigh-Anne Pinnock wows in a racy black dress as she joins husband Andre Gray at MOBO Awards
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EXCLUSIVEPierce Brosnan and Keely Shaye Smith's nepo baby sends message to next Bond and dishes on 'incredible' dad
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Eurovision star Loreen reveals huge career change after becoming the first woman to win the song contest twice
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Megan Barton-Hanson bares her cleavage in a pink floral dress as she joins stylish Helen Flanagan at Celebrity Ex On The Beach launch
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Lauren Goodger clarifies her relationship status with ex Charles Drury as she slips into skimpy blue minidress to jet off on holiday
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EDEN CONFIDENTIAL: Getty curse strikes again in Tholstrup plane crash
Few could resist an invitation from the Gettys
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Karren Brady, 56, showcases her looks in glamorous Instagram snaps after displaying unfiltered complexion on The Apprentice
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Katie Price shares video to try to 'debunk' claims about her 'conman' husband Lee Andrews
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EXCLUSIVEScreen legend who is one half of oldest living married couple in Hollywood makes rare outing at 96... can you guess who?
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Lionel Richie blasts stars tiring of fans when they get 'too famous' amid Chappell Roan's downfall: 'It doesn't work like that'
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Fired The Apprentice stars take parting shots at Lord Sugar in fallout from brutal double elimination after fan-favourite challenge
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Slash's ex-wife says Matthew Perry's 'Ketamine Queen' dealer 'is not a danger to society' in letter to judge urging lighter sentence
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Louis Theroux gives a positive health update on his alopecia and reveals his hair loss was at its worst while filming Netflix manosphere documentary
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Love Island: All Stars winner Ciaran Davies breaks his silence on his split from Samie Elishi as she 'grows close' to Tyrique Hyde
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iHeartRadio Music Awards 2026 WORST dressed: All the stars suffering fashion flops on the red carpet
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Taylor Lautner and wife Tay are expecting first baby as couple share sweet announcement
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Celebrity Traitors' Joe Marler left sobbing after suffering concussion so severe he forgot he had children
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Dan Osborne 'is panicking' after wife Jacqueline Jossa 'mentally checked out of the relationship'
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ITV drops first look at Graham Norton's new reality series that 'turns everyday life into a giant game show' with brutal twists
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Sarah Ferguson is stripped of her Freedom of the City of York title over her friendship with Jeffrey Epstein
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Charlie Sheen reunites with ex Denise Richards in rare snap with daughter Lola, 20... amid tension with Sami, 22
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Lisa Kudrow and Jamie Dornan floored as legendary Traitors star gatecrashes The Claudia Winkleman show
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Khloe Kardashian brings her children to Tokyo with sister Kim and her boyfriend Lewis Hamilton
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CHRISTOPHER STEVENS reviews last night's TV: Jo Nesbo's tortured Oslo detective was so much better in his novels
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American tennis star Danielle Collins nearly spills out of her bikini top as she poses in Miami - days after flirting row
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BRIAN VINER on The Magic Faraway Tree: Blyton's magical tale is a ripping treat for Easter
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EXCLUSIVEToxic behind-the-scenes truth of Savannah Guthrie's teary Today interview: Why star host has been left utterly 'devastated'
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Theo James makes a rare red carpet appearance with his wife Ruth Kearney at the London premiere of his new movie Fuze
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Romesh Ranganathan reveals his mum's BRUTAL response to his West End debut
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Sophie Habboo breaks down in tears as Jamie Laing reveals her traumatic birth complications led to an emergency C-section
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OPINIONYes, Kelly Osbourne is dangerously thin. But the online rumors are way off base... KENNEDY
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Jason Duggar condemns 'vile' brother Joseph after his accuser's shocking molestation claims are revealed
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Olivia Attwood brands her engagement 'vomit inducing' and says she if she was asked now she'd say no following bitter split from ex Bradley Dack
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EXCLUSIVESecurity guard at centre of Chappell Roan row was looking after Sabrina Carpenter when he confronted Jude Law's daughter
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Kylie Jenner lists Hidden Hills mansion for over $20million as her new mega compound is nearly complete
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Eamonn Holmes opens up about his 'terrible' health battles and admits he doesn't know if doctors will ever find a cure
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EXCLUSIVETruth about Nicole Kidman and 'infatuated' co-star Simon Baker's relationship'