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EXPLAINED: 34 | Vintage Vibes

Major lenders cut mortgage rates in ‘welcome boost’ for market

HSBC UK and Barclays are among the lenders to have tweaked their deals this week.

The Independent UK

More than 6,000 UK bank branches now gone in nine years of ‘disastrous’ closures

Thirty-three constituencies, including two in London, will not have a single bank branch by the end of the year, says Which?

The Guardian - UK

New hope for home owners as two major mortgage lenders cut their rates

HSBC and Barclays fire the starting gun on what some advisers predict will be a new mortgage price war

Evening Standard

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Taylor Swift Tour Hands UK Economy GBP1 Bn Boost: Study

Taylor Swift's worldwide Eras Tour will boost the UK economy by almost GBP1 billion ($1.3 billion) as fans splash the cash to see the US music star, Barclays bank estimated Wednesday.

International Business Times

More than 100 acts quit Great Escape music festival in solidarity with Palestine

Brighton event’s opening showcase scrapped after performers join Massive Attack and Brian Eno in boycott of sponsor Barclays

The Guardian - UK

“Our music is for sale but our humanity and morality is not.” Massive Attack voice their support for artists boycotting music festivals in protest against “corporate support for genocide in Palestine”

Massive Attack stand behind artists pulling out of festivals sponsored by companies funding the Israeli military, after Nick Cave tells a conflicted musician: "Play"

Louder

Banks have given almost $7tn to fossil fuel firms since Paris deal, report reveals

Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe

The Guardian - UK

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‘Our universities are complicit in Gaza — that must stop’: inside London's student protest camps

Following last month’s crackdowns on pro-Palestine student protests in America, a new wave of student campus occupations are springing up across the UK. We met activists at UCL, SOAS and Goldsmiths

Evening Standard

Leasehold scandal: One in ten London leaseholders considering selling their homes over escalating costs

The number of London leaseholders looking to sell up is three times the national average

Evening Standard

Wet weather woes cause damp start to spring for retailers and restaurants

Consumer caution over high interest rates and energy bills adds to bleak start to the year for sector

The Guardian - UK

Is Super Micro Computer Stock Headed for $1,000?

After the stock's volatile performance so far this year, what's next for Super Micro Computer stock? Here's a deep dive into the factors driving its performance amid rising demand for AI chips and servers. With a focus on whether the stock could reach $1,000, the article assesses the company's growth…

Barchart

Barclays branch in Moorgate vandalised in suspected Gaza protest

High Street bank has been repeatedly targeted by activists over Israel-Gaza conflict

Evening Standard

Nationwide stops lending on some flood-risk properties

Banks may follow suit after UK weather-related claims on home insurance reach new high

The Guardian - UK

Barclays accused of greenwashing over financing for Italian oil company

Exclusive: Environmental groups say bank is misleading public over ‘sustainable’ financing for Eni as company vastly expands fossil fuel production

The Guardian - UK

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The Guardian - UK

Barclaycard change could mean much higher interest for some customers

Credit card holders who make minimum repayments warned they could be in debt for years longer

The Guardian - UK

Barclays profits tumble 12% as UK interest rates hit mortgage demand

Pre-tax profits drop to £2.3bn between January and March, down from £2.6bn last year

The Guardian - UK

Leading UK lenders raise fixed-rate mortgage deals amid ‘market uncertainty’

Borrowers urged not to panic as banks including Barclays, NatWest and HSBC readjust cost of loans

Capital & Main

Regional U.S. Banks Sharply Expand Lending to Oil and Gas Projects

How a semantic twist gave a major bank a loophole to keep financing fracking.

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The Guardian - UK

Even a ‘rate shock’ for British mortgage borrowers may not help the banks

The prospect of home loan rates staying high for longer is not the tonic for lenders’ financial results it once was

Evening Standard

Barclays ups mortgage interest rates after this week's inflation disappointment

The 3.2% inflation figure led City traders to bet that rates may not be cut until the Autumn

Barchart

Technology Stocks Power the Broader Market Higher

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.65%. Stock indexes Thursday finished mostly higher, with the Nasdaq 100 posting a 1-week high....

Barchart

Stock Indexes Rise in Afternoon Trade

The S&P 500 Index ($SPX ) (SPY ) is up +0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.26%. Stock indexes are higher even as bond yields continue to climb. Earlier this morning the...

Barchart

Stocks Mixed as Bond Yields Climb

The S&P 500 Index ($SPX ) (SPY ) is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.74%. Stock indexes today are mixed as bond yields continue to climb. The 10-year T-note yield...

Barchart

Stocks See Continued Pressure as Bond Yields Climb

The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.34%. Stock indexes today are mixed. Stocks relinquished early gains and are mixed as...

Barchart

Stocks Slightly Higher as US Mar PPI Climbs Less Than Expected

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.36%. Stock indexes this morning recovered from overnight losses and are mixed. Stocks are...

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