Rate Rises

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Mortgage application demand stalls as interest rates rise

CNBC 03 Mar 2021

Mortgage interest rates last week rose at the fastest pace in over a year, throwing cold water on already cooling demand. CNBC's Diana Olick reports ... .

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Local power rates rise for EUB, AUB customers in March

The Daily Post-Athenian 03 Mar 2021

The power rate for March 2021 has risen just a bit compared to February for customers of both the Etowah Utilities Board (EUB) and Athens Utilities Board (AUB) ... For AUB and its customers, March’s residential rate comes in at $0.08574, just a shade above the current February rate of $0.08530.

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Housing boom 'past its peak': Why major bank now predicts prices will fall

NewstalkZB 03 Mar 2021

House prices are still rising but the market is "past its peak" and mortgage interest rates will rise, Westpac chief economist Dominick Stephens said today ... That's because mortgage rates will rise and the shortage of housing is being rapidly reduced," says Stephens, who was today ...

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Not a second Covid wave, but a spike: Maharashtra task force

Hindustan Times 03 Mar 2021

In February, the test positivity rate — the total number of cases testing positive for Covid-19 against the total tests done — was 7.8%, despite the 40% rise in cases from January, data revealed ... Had there been a second wave, the positivity rate should have also surged ... 459,794, the positivity rate didn’t show a spike.

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Budget 2021: Tax on company profits to rise to 25%

BBC News 03 Mar 2021

The rate of corporation tax, paid on company profits, is to rise to 25% from 19%, starting in 2023 ... Paul Johnson, director of the Institute for Studies, said the rise in the headline rate was at the top end of expectations, calling it "risky".

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Stocks drift lower on Wall Street; yields continue to ease

The Galveston Daily News 03 Mar 2021

For weeks, investors have been focused on the bond market, where a swift recent rise in interest rates is threatening one of the main reasons for the stock market’s run to records through the pandemic ... rates will head higher ... It’s a reprieve following weeks of relentless rising.

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Universities could face threat of strikes over rise in pension contributions

Belfast Telegraph 03 Mar 2021

In its middle scenario, the USS has said that the overall pension contribution rate would need to rise to 49.6% of payroll ... Even in the most favourable scenario considered by the USS – which would require further financial commitments from employers – the contribution rate would need to rise to 42.1% of payroll, the report suggests.

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Should a rising 10-year yield scare you out of stocks?

Yahoo Daily News 03 Mar 2021

The S&P 500 has posted an average price return of 14.2% during periods of rising interest rates compared to a mere 6.4% average gain in periods of falling rates, Belski's research dating back to 1990 shows ... 15, as investors model in lower returns for hot tech stocks amid the rise in rates ... why rising rates won't slow housing boom.

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Budget: At a glance

The Business Desk 03 Mar 2021

After July, businesses will be asked for a 10% contribution, rising to 20% in August and September. The National Living Wage will rise to £8.91 from April ... Business Rates .. The business rates holiday will be extended until the end of June ... Threshold for paying the basic rate will rise to £12,570 next year.

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Budget 2021: Million more set to pay income tax by 2026

BBC News 03 Mar 2021

It means getting a pay rise could pull people into a higher rate of tax ... The starting point for paying the higher 40% rate is £50,001 ... The Conservative manifesto pledged that the main rates of income tax, national insurance and VAT would not rise, and this does not break that pledge.

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Give and take - the UK budget

RTE 03 Mar 2021

For the past decade it has been British government policy to cut the corporate tax rate, a policy started by David Cameron's Chancellor of the Exchequer George Osborne – who professed an admiration of the Irish business tax rate (as did, arch Brexiter John Redwood in a newspaper article at the weekend arguing against any tax rise).

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Budget 2021: Seven things we've learned from Rishi Sunak's speech

ITV 03 Mar 2021

Unemployment expected to rise. Mr Sunak was sombre when he revealed that official forecasts estimate that unemployment in the UK is expected to rise further. At the end of last year, the unemployment rate in the UK had risen to 5.1%, with the number of people on company payrolls down 882,000 between February and November 2020.

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Study shows a sharp rise in detection rate of broad absorption line variations

Phys Dot Org 03 Mar 2021

Researchers from the University of Science and Technology of China (USTC) of the Chinese Academy of Sciences (CAS) for the first time detected a 'sharp rise' signature in the detection rate of broad absorption line (BAL) variations, which in turn deduced ionized gas density.