Breaking down the latest Wall Street news, including the Bank of England's rate cut, US economic data, M&A activity, IPOs, and debt news. August 2, 2024.

The Bank of England cut its key interest rate Thursday, a response to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats. The BOE cut rates ...

The financial services sector is leading the way when it comes to using AI across operations – and it’s not afraid to talk ...

Wall Street moved higher on Thursday, looking to build on Wednesday's gains thanks to reassuring signals from Federal Reserve chair Jerome Powell after the central bank held interest rates steady. The ...

If the Bank of England raised interest rates, he surmised, ... The Wall Street Journal reported in 2013. With Mr. Bessent at the helm, ...

The Bank of England is considering ways to dilute the initial impact of new trading book capital rules so the UK can move ...

The Bank of England paused rate cuts at 4.25%, reflecting caution amid weakening UK growth and labor market data. Check out ...

Why it matters: It is the most significant rule revamp yet for Wall Street in the Trump era, one that loosens requirements ...

With the US markets on pause for the holiday and no major economic data scheduled, attention remains fixed on the Middle East ...

London's FTSE 100 dipped slightly following the Bank of England's interest rate cut, while US markets surged on news of a UK-US trade deal. Trade policy dominated market attention on both sides of ...

On the winning side of Wall Street was Bank of America, which climbed 4.1% after the Charlotte, North Carolina-based bank reported stronger profit for the latest quarter than analysts expected.