Bloomberg Business

Traders Bet on 5% BOE Peak Rate as Inflation Fears Resurface

Traders ramped up bets on further interest-rate hikes from the Bank of England after UK inflation unexpectedly remained in double digits, a wake-up call for investors who thought the tightening cycle was close to over.

Rich GOP Donors Want a Trump Alternative. DeSantis Has Them Worried

Donald Trump’s surge in the polls after his indictment has sidelined some major Republican donors, who are losing confidence that Florida Governor Ron DeSantis or any other GOP hopeful will displace the former president as the party’s leader.

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