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Bank of England Signals Rate Cuts as Inflation Eases

After a long stretch of high inflation, the Bank of England finally has its 2 percent inflation target firmly within its sights.The central bank said on Thursday that it expected inflation to reach its target in two years, and then go even lower, a forecast that comes as policymakers inch toward cutting interest rates.The majority of the bank’s…
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Worsening Weather Is Igniting a $25 Billion Market

(Bloomberg) -- Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had no clue about financial contracts based on things like sunshine, rainfall and wind.Most Read from…
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