Fed Chair Janet Yellen announcing the rate hike The Federal Reserve increased its federal funds rate last week by a quarter point, boosting it to the target range of .5-.75. The federal funds rate is the United States' most significant interest rate. When the federal funds rate increases, borrowing money becomes more expensive.
Josh Friedman reports from Dresden, Germany, the site of the 2016 Bilderberg conference. Who is in attendance? What is going on? Longtime Bilderberg correspondents Dan Dicks and Luke Rudkowski add their input: So does Charlie Skelton, who has been covering Bilderberg for The Guardian since 2009:
Josh Friedman kicks off a trip around Germany in Frankfurt, the city of the euro. As the refugee crisis has taken center stage in Europe, many people have forgotten that all is not well with the currency that is supposed to be ensuring stability across the continent.
Greek banks are preparing a contingency plan in which they would confiscate at least 30 percent of deposits above €8,000, Financial Times reports. The process of distressed banks raiding deposits is called a "bail-in." In 2013, a bail-in took place in Cyprus, during which funds were seized from uninsured deposits of more than €100,000. If a
The European Central Bank, also known as the ECB was struck by protests today. The whole affair involved the arrest of nearly 400 anti capitalists with one agenda. They seek to try to make Mario Draghi and their colleagues go back on opening the new ECB headquarters in Frankfurt. Once again the Occupy Movement shows its
China's monthly trade surplus reached a record high of $60.6 billion in February, the BBC reports. A country's trade surplus is the difference in price between its exports and imports. Find out WTF China is here