Thousands of HSBC customers in Britain on Friday reported they were unable to access some mobile and online banking services, the latest in a long-running series of such problems for British banks.
The White House is stalling action on requests by Farm Belt states to allow regional sales of gasoline blended with higher volumes of ethanol after oil industry warnings that the move could cause regional supply disruptions and price spikes, according to two sources familiar with the matter.
German Finance Minister Christian Lindner signalled the government would need to make savings worth a double digit billion euros to help solve a budget crisis, though data on Friday showed growth shrinking in Europe’s largest economy.
Chinese car sales in Russia appear to have peaked as domestic production recovers after the exodus of Western automakers, data shared with Reuters showed, but recent growth in the market may stall as high import costs and interest rates begin to bite.
No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who admitted on Friday that her son lost “almost all” of his investments in crypto assets, despite copious warnings.
U.S. stock index futures were largely muted on Friday in a shortened trading session for Thanksgiving, although Wall Street looked on course to extend its weekly winning run on optimism that U.S. interest rates have peaked.
The battleground for retailers this U.S. holiday season is over merchandise priced at $35 and less, setting the stage for the cheapest holiday shopping period in years for TVs, dresses, toys, and sporting goods, according to retail executives, federal pricing data and an exclusive analysis of early Black Friday discounts.
The Bank of Canada’s warning that borrowing costs are likely to stay higher-for-longer has prompted anxious mortgage owners to turn to fixed-rate loans in the hope they will bring more stability to their finances after a choppy few years.
