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Bank of England shocks markets with jumbo interest-rate hike, escalating its fight against sticky inflation

UK policymakers surprised markets by lifting the benchmark interest rate to 5% in a bid to bring in…

George Glover   


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A prince sent his private Boeing 747 jumbo jet to Paris to pick up soccer star Neymar and fly him to Saudi Arabia

Neymar flew in the lap of luxury to Riyadh on Friday after signing with Saudi soccer club Al-Hilal.

Jyoti Mann   


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2 mins read

'Bond King' Jeffrey Gundlach warns of jumbo rate hikes because the US economy is too hot

Billionaire investor Jeffrey Gundlach said the Federal Reserve is "very likely" to hike interest ra…

Zahra Tayeb   


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3 mins read

Grace Dean   


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A VIP Boeing 747 Jumbo jet that spent just 42 hours in the air is being scrapped, report says

The Boeing 747-8 was intended for a Saudi prince, but he died before it was delivered and the plane…

Ryan Hogg   


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The Fed's latest jumbo hike will put 'lead into the heels' of the US housing market, Freddie Mac says

"The dynamics of a once-hot housing market have faded considerably," Freddie Mac said even as it re…

Zahra Tayeb   


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Billionaire Richard Branson calls the Boeing 747 a 'wonderful beast' after the last jumbo jet is delivered but says it was 'too expensive'

Richard Branson bid farewell to the Boeing 747, but said the daily fuel costs across the Atlantic b…

Kate Duffy   


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The Fed's jumbo-sized rate hikes will uncover more 'skeletons in the closet' for crypto after FTX's rescue, economist says

FTX shocked investors Tuesday when it announced it agreed to be taken over by rival crypto exchange…

George Glover   


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The European Central Bank just raised interest rates by 75 basis points for its second jumbo hike in a row

The eurozone's central bank on Thursday again raised interest rates by the biggest level in its his…

George Glover   


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The Fed is sticking to its interest rate goals — it's just getting off the 'hamster wheel' of jumbo hikes, says Guggenheim's Scott Minerd

The Guggenheim CIO also said the Fed's acknowledgement of lags in monetary policy opens the door to…

Zahra Tayeb   


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The Fed is sticking to its interest rate goals — it's just getting off the 'hamster wheel' of jumbo hikes, says Guggenheim's Scott Minerd

The Guggenheim CIO also said the Fed's acknowledgement of lags in monetary policy opens the door to…

Zahra Tayeb   


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The Fed's jumbo rate hike is a lock, but there's no consensus on what happens next. Here's what the top Wall Street banks expect.

After the Fed's November rate hike, Wall Street's biggest players have varying predictions for the …

Phil Rosen   


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3 mins read

Markets need to abandon hope of the 'Fed put' after the September jobs report - and another jumbo rate hike is all but certain in November

The Fed is focused on inflation that's sitting above 8% and not on aiding falling stock prices, the…

Carla Mozée   


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The Fed's jumbo rate hikes are spreading cracks through markets – so get ready for a pivot, Guggenheim's Scott Minerd says

Lower-than-expected jobs data could drive a stock market rally as investors bet on a less hawkish F…

George Glover   


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Larry Summers says the new inflation data won't derail the Fed from a jumbo interest rate hike in September

"I don't think that number is going to change where the Fed is in the near-term, which is headed fo…

Zahra Tayeb   


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US stocks mixed as Fed officials cool jumbo rate hike fears and investors mull big bank earnings

The Fed's Christopher Waller backed a 75-basis-point rate hike, soothing fears of an even larger in…

Max Adams   


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Hong Kong's iconic Jumbo Floating Restaurant is stuck upside down on a coral reef after capsizing earlier this summer

Jumbo Floating Restaurant, which closed in 2020 as the coronavirus reduced tourism in the area, cap…

Katherine Tangalakis-Lippert   


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'The Beast Must Die' star says 'nobody' saw the first season's twist ending coming: 'It was a complete mindf--k'

The AMC thriller's season finale aired Monday, and Cush Jumbo was just as shocked as audiences when…

Debanjali Bose   


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Dow falls 530 points, Nasdaq plunges nearly 3% as hot inflation report keeps Fed on track for more jumbo rate hikes

August's Consumer Price Index was hotter than expected Tuesday, and showed headline inflation rose …

Phil Rosen