Currency markets

Bank of England surprises with 50 basis point rate hike to tackle persistent inflation

LONDON — The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its…

Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it

As luxury stocks make waves overseas, State Street Global Advisors believes investors should consider European ETFs if they want to…

‘Easy money is behind us, the hard money is now,’ Stifel’s chief strategist warns

Stock pickers may have a clear edge over passive investors. According to Stifel’s Barry Bannister, the market is on a…

Veteran investor David Roche says a credit crunch is coming for ‘small-town America’

The banking turmoil of March, which saw the collapse of several regional U.S. lenders, will lead to a credit crunch…

Here’s why travel to Europe is no longer a ‘screaming, bargain-basement’ deal

Travel to many European nations looked like a bargain heading into summer and fall last year thanks to a favorable…

Bitcoin climbs above $28,000 as investors shrug off regulatory crackdowns

Bitcoin climbed sharply Wednesday as investors shrugged off initial fears surrounding U.S. regulators’ crackdowns on industry giants and became willing…

Bank of England hikes interest rates by 25 basis points after inflation surprises

LONDON — The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent…