A Union flag flutters from a pole atop the Bank of England, in the City of London on August 7, 2025. Niklas Halle’n | Afp | Getty ImagesTraders see a growing likelihood the Bank of England will keep interest rates on hold for the rest of the year, after inflation came in at a higher-than-expected 3.8% for July.Money markets were on Wednesday putting a 57% probability on the Bank Rate remaining at the current 4% at the BOE’s final meeting of 2025 in December, according to LSEG data.Expectations earlier in the summer leaned toward at least one more quarter-point cut in…
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A possible improvement in earnings performance could send shares of Nu Holdings higher over the coming months, according to Citi. The firm double upgraded the Brazil-based financial firm to buy from sell and doubled its price target to $18 from $9, which implies more than 37% upside from Tuesday’s close. “Despite concerns on the macroeconomic environment (which we think is performing better than expected), we see the recent quarters as a testament to the bank’s ability to not only navigate well but also accelerate in key portfolios while maintaining good asset quality,” analyst Gustavo Schroden wrote. “We see the earnings…
A student studies in the Perry-Castaneda Library at the University of Texas at Austin, Feb. 22, 2024.Brandon Bell | Getty ImagesAs back-to-school season gets underway, parents have many more ways they can spend funds in 529 college savings plans this year, due to President Donald Trump’s “big beautiful bill.”Yet a new survey shows only a fraction are utilizing these accounts.About 69% of parents stash money for their children’s education-related expenses in traditional checking or savings accounts, according to a Vanguard survey of 1,005 parents with children ages 17 and under living at home. Only 10% of parents leverage 529 savings plans…
Hertz sells hundreds of thousands of vehicles per year, in addition to running its signature car rental business.Courtesy of HertzHertz on Wednesday announced it will start selling pre-owned vehicles on Amazon Autos, a move meant to bolster the car rental company’s retail operations as it looks to bring in more profits.Shares of Hertz soared in premarket trading Wednesday.Under the partnership, customers can browse from thousands of used Hertz vehicles on Amazon Autos, e-sign the paperwork, complete their purchase online and pick up their vehicle at Hertz locations.Customers who live within 75 miles of the four initial cities — Dallas, Houston,…
An exterior view of a Lowe’s home improvement store in Selinsgrove.Paul Weaver | Lightrocket | Getty ImagesLowe’s beat Wall Street’s earning expectations on Wednesday as demand for home projects picked up during the quarter.The retailer also announced its latest effort to attract more business from home professionals. It said on Wednesday that it has struck a deal to acquire Foundation Building Materials, a distributor of drywall, insulation and other interior building products for large residential and commercial professionals, for about $8.8 billion.Lowe’s revised its full-year outlook to reflect the acquisition of Artisan Design Group, a home professional-focused company that it acquired…
An improved macroeconomic outlook could boost Upstart Holdings shares, JPMorgan said on Wednesday. The firm upgraded the online lender to overweight from neutral but cut its price target on the name to $88 from $93. That updated target still implies nearly 43% upside from Tuesday’s close. “We lean positive on the more seasoned fintech lenders, given a favorable macro backdrop (e.g., stable credit and potential rate cuts), and we believe Upstart offers the best risk/reward among personal loan originators (e.g., Neutral-rated SoFi and LendingClub),” analyst Reginald Smith wrote in a note to clients. UPST 1M mountain UPST, 1-month The move…
An aerial view of a housing development on August 08, 2025 in Las Vegas, Nevada. Justin Sullivan | Getty ImagesAfter a significant surge in refinance demand the previous week, brought on by a drop in mortgage rates, both refinance and homebuyer mortgage application volume stalled last week. Mortgage rates inched only very slightly higher, but it was enough to drop total application volume 1.4% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.68% from 6.67%, with points…
An Alaska Airlines Boeing 737 MAX 9 departs Los Angeles International Airport en route to Puerto Vallarta on Sept. 19, 2024.Kevin Carter | Getty ImagesAlaska Airlines is getting into the industry’s race for high-end credit cards and creating a combined frequent flyer program, called Atmos, with Hawaiian Airlines, which it acquired last year.The $395-a-year Atmos Rewards Summit Visa Infinite card, co-branded with Bank of America, is the carrier’s first premium credit card and includes perks like airport lounge passes, instant $50 vouchers for delays and discounted global companion fares.Under the new Atmos program, travelers will have a choice in how…
Visitors attend UGM 2025.Courtesy of EpicSpace travelers, robots and, of course, artificial intelligence.They were all on display on Tuesday at Epic Systems’ annual Users Group Meeting, held at the health software giant’s 1,670-acre campus in Verona, Wisconsin.Judy Faulkner, Epic’s 82-year-old CEO, dressed for the occasion in a purple wig with neon green shoes and an iridescent vest, reminiscent of the fictional character Buzz Lightyear from the “Toy Story” franchise.At the science fiction-themed event, Faulkner told the crowd that Epic has roughly 200 different AI features in development that aim to assist patients, clinicians and insurers.”We are combining the intelligence and…
The U.K.’s annual inflation rate hit a hotter-than-expected 3.8%in July, according to data released by the Office for National Statistics (ONS) on Wednesday.Economists polled by Reuters had anticipated inflation would reach 3.7% in the twelve months to July, after it picked up to 3.6% in June, exceeding forecasts.July core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, rose by an annual 3.8%, up from 3.7% in the twelve months to June.The rise in inflation pushed the consumer price index to its highest annual rate since the beginning of last year, Grant Fitzner, chief economist at the ONS,…
