Financial News

09
Oct
Interest Rate Hike from the Fed Expected in December

With an improving economy and hopeful trends in inflation, the Federal Reserve could raise interest rates again in December according to Philadelphia Federal Reserve President Patrick Harker according to MarketWatch. These comments have been echoed by a few members of the Federal Open Markets Committee (FOMC) who predict the increase to come during the 12-13 December

Posted in: Financial News,
06
Oct
Aviva Buys Majority Stake in Robo-Advisor Startup

On Thursday, Aviva announced that it bought a majority stake in the British investment start-up Wealthify. Aviva plans to offer Wealthify’s “robo” investment services covering alongside their other products and services through the MyAviva app. The transaction is still subject to regulatory approval from the U.K.’s Financial Conduct Authority (FCA) watchd

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