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Added on the 17/06/2015 18:35:52 - Copyright : Reuters EN
Pay in Britain is growing more slowly than expected, suggesting the Bank of England will take longer to raise interest rates from their record lows. David Pollard reports.
The U.S. economy's readiness - or not - for an interest rate rise is likely to once again take the global economic spotlight in the coming week, just a month before the U.S. presidential election. And many will also be watching the British pound - which took a pasting last week. Ciara Lee reports.
In a bid to save their hard-earned money, millions of Americans have 'cut the cord' and switched to streaming services. But according to Business Insider, that might not be working out so well anymore. Hulu told its 36 million subscribers Monday that it's increasing the price for its live television bundle by $10 a month. Hulu + Live TV with ads will cost $64.99 per month--the same as YouTube TV. Hulu's service without ads will cost $70.99 a month starting December 18. The hike has generated backlash among customers, who expressed frustration that their decision to cut the cord was becoming more and more expensive.
Fed Governor Lael Brainard warned against removing support for U.S. economy. Bobbi Rebell reports.
Stocks rallied as investors viewed Friday's poor jobs report as reason for the Fed to put off rate hikes. Jeanne Yurman reports.
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