The Daily Editor

The Bank of England is expected to raise interest rates on Thursday after a closely watched survey showed growth across the UK’s services sector leapt last month to an eight-month high, bolstered by spending on artificial intelligence.

S&P Global’s survey of the services sector in October showed businesses regained much of the momentum they lost after the start of the Iran war,

 » Read more about: UK interest rates increase expected after services sector activity accelerates  »

The Federal Reserve held interest rates steady last week, so why aren’t credit card, auto loan, and mortgage rates coming down? On this episode of Everyday Economics, Center Square publisher Chris Krug and chief economist Dr. Orphe Divounguy explain why the Fed can make money expensive but can’t create workers, oil, or cheaper imports.

 » Read more about: The Fed Held Rates, So Why Is Borrowing Still So Expensive?  »

A quiet rule change in 2027 could leave some near-retirement workers one credit short of qualifying for their own Social Security check, and the gap has nothing to do with how many hours they worked.

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 » Read more about: Social Security’s Retirement Qualification Bar Is Rising in 2027 — and Some Workers Could Fall Short of Benefits  »

 » Read more about: Is Eli Lilly Stock Increasing Your Market Risk?  »

 » Read more about: Amazon Leads Cloud Hyperscaler Stocks Higher. What 'Blue Tsunami' Means For Big Tech.  »

I continue to engage in short-term swing trading where I purchase Japanese stocks during my lunch break on weekdays and, in principle, sell them during my lunch break on the next business day. I use ChatGPT for stock selection and trading decisions, and I am verifying with my own money whether it is actually possible to make a profit by trading Japanese stocks using AI.

 » Read more about: Challenging Japanese Stock Swing Trading with ChatGPT #46  »

It is the central bank that determines interest rates

In the United States, the Federal Reserve (FRB) determines the policy rate, while in Japan, the Bank of Japan does so. The policy rate is the benchmark for interest rates when banks lend to and borrow from each other. When this moves,

 » Read more about: Interest Rates Are at the Center of Everything  »

After decades of working, you’re finally allowed to tap into Social Security when you hit age 62.

That extra income may be tempting, especially as we wrestle with high costs for gas, groceries, utilities, housing and more. But for many near-retirees and retirees, it makes sense to wait to receive your benefits.

 » Read more about: The Social Security Review Every Near-Retiree Should Do  »

The blue-chip Dow Jones Industrial Average—an index of 30 large publicly traded companies—surged about 1,000 points, or around 2 percent, before the opening bell on Nov. 4.

The broad-market S&P 500 also rose nearly 100 points, or 0.9 percent. Tech stocks were under pressure, with the Nasdaq Composite Index seesawing between positive and negative territory.

 » Read more about: Dow Jones Rises More Than 1,000 Points as Wall Street Digests Midterm Results  »

US Stock Market Live Updates: AMD leads chip stocks higher on growth forecast

AMD jumped 6.2% after forecasting faster-than-expected growth in 2027, supported by rising data centre sales and its growing challenge to Nvidia. Other chipmakers also traded higher,

 » Read more about: US Stock Market Live Updates: Dow Jones soars 1,000 points at open as Democrats win Congress; data center stocks slide  »