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News From the Control Tower - 10/18/2022 Thumbnail

News From the Control Tower - 10/18/2022

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       Bank of England Ultimatum Puts New Pressure on U.K. Markets

Central bank vows to end bond buying Friday, causing borrowing costs to surge briefly.

2.       Alaska snow crab season canceled as officials investigate disappearance of an estimated 1 billion crabs

In a major blow to America's seafood industry, the Alaska Department of Fish and Game has, for the first time in state history, canceled the winter snow crab season in the Bering Sea due to their falling numbers.

3.       LGBT Couples From China Say ‘I Do’ in Utah Over Zoom

State’s virtual weddings become a welcome solution for couples around the world; a post-midnight ceremony in Hangzhou.

4.       Senior KFC Executives Opt for Retirement as Interest Rates Hit Pension Payouts

Rising rates threaten to dent lump-sum payouts for corporate pensions.

5.       Series I bond interest expected to fall to roughly 6.48% in November. But that’s still a ‘really good rate,’ experts say

While it’s down from the current 9.62% rate through Oct. 31, it’s still higher than other savings options.

Bonus: Want Your Jack-o’-lantern to Last Longer? Stop Cutting a Hole in the Top!

“Even with everything that you do to try and preserve them, sometimes they still rot in three days. But you can always carve more pumpkins.”