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OPEC+ agreed to extend existing oil production cuts of more than 3 million barrels per day through the end of 2025, as well as ongoing cuts of over 2 million barrels per day through September 2024. The cuts could raise global oil prices by prolonging supply restrictions at a time when demand concerns remain. Higher prices could negatively impact the US economy ahead of the 2024 elections. The Biden administration may be concerned about a potential spike in energy costs impacting voters. It has taken some actions to increase fuel supply and tamp down prices.
⏲ 0:38 👁 13.5M
Soundtek
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Soundtek
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The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
⏲ 0:45 👁 13.1M
Asif Akbar
⏲ 5 minutes 34 seconds 👁 4.2M
Asif Akbar
⏲ 5 minutes 5 seconds 👁 14.5K
Escape to luxury at this beachfront villa in Lian, Batangas. Tana Beach Villas is less than three hours away from Metro Manila, which makes it the perfect weekend getaway. It promises exclusivity as the resort only has nine villas with rates ranging from P20,000 to P23,000. #EsquirePH #TanaBeachVillas #TravelPH
⏲ 1:32 👁 10.8M
Anaa's Rhythm
⏲ 17 minutes 59 seconds 👁 2.6M
Stories With Khaled
⏲ 5 minutes 9 seconds 👁 59.1K
A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.
⏲ 1:27 👁 18.3M
Abdur Rahman Official
⏲ 4 minutes 57 seconds 👁 2.8K
মৃত্তিকার মায়া
⏲ 23 minutes 7 seconds 👁 1.9K
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