New Zealand Cuts Benchmark Interest Rate to New Low of 1.5%

New Zealand Cuts Benchmark Interest Rate to New Low of 1.5%

By NICK PERRY, Associated Press. WELLINGTON, New Zealand (AP) — Citing lower global growth, New Zealand’s Reserve Bank on Wednesday cut the nation’s benchmark interest rate by a quarter point to an all-time low of 1.5%. The cut brings New …
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PRECIOUS-Gold firms as Sino-US trade concerns dampen risk appetite

May 8 (Reuters) – Gold prices firmed on Wednesday as renewed concerns on U.S.-China trade dispute upset risk appetite, boosting demand for safe-haven assets. FUNDAMENTALS. * Spot gold was up 0.1 percent at $1,285.76 per ounce as of 0109 GMT.
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Pushpay chief executive delivers profit announcement and resignation

The chief executive of Pushpay, a mobile app for managing church tithing, has unexpectedly stepped down from his position. Chris Heaslip announced his resignation on Wednesday as the company declared its annual results. Pushpay increased revenue by …
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Volatility Pricing Goes a Little Haywire

Unusual moves in measures of expected equity volatility raise some concerns about the record level of bets on continued calm in U.S. markets. But fear not: a return of February 2018’s “Volmageddon,” when several short-volatility funds blew up, is unlikely.
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Kraft ls Offering to Pay for Babysitters This Mother's Day to Give Moms the Night Off

Kraft wants to give moms more than cheesy boxed dinners for Mother’s Day this year. The brand is offering to pay up to $100 toward babysitting costs on Mother’s Day and has $50,000 to give away. Moms can take advantage by uploading the receipt or …
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