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Category: Economy

JPMorgan lifts interest income forecast after prof...

JPMorgan Chase CEO Jamie Dimon says the U.S. economy remains resilient despite geopolitical uncertainty as the bank beats quarterl...

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ETF leader board dominated by nimble funds

The top annual ETF performers share a common trait, the firm behind them and investors who are ready to trade no matter which dire...

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GM takes $1.6B financial hit as EV tax credit chan...

GM announced a $1.6 billion third-quarter charge as it revamps its electric vehicle strategy following the end of federal EV tax c...

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ETF race hits $1T at record speed

Money is flowing into ETFs so fast this year that the industry hit $1 trillion in October, months ahead of last year's pace, as go...

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Cash Isa allowance could be HALVED to just £10,000...

The Chancellor wants to encourage savers to divert billions of pounds of cash savings into the stock market and boost Britain's fl...

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Housebuilders are selling brand new homes at a dis...

Britain's housebuilders are struggling, new figures have revealed, opening up potential bargains for some buyers.

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Vet sector shake-up set to bring down pet medicine...

UK veterinary practices will be forced to be more transparent on pricing from next year as part of a suite of proposals designed t...

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Lender offers a FREE £11,400 heat pump with your m...

Those buying a home or remortgaging with the bank could get the device, costing around £11,400, installed for free.

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Trump announces extra 100% tariff on Chinese goods...

President Trump said Friday he will impose an additional 100% tariff on imports from China starting next month — marking a signifi...

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The similarities between today's market and Wall S...

DealBook founder and Squawk Box co-host Andrew Ross Sorkin takes a look at the crash of 1929 in his new book. He tells 60 Minutes ...

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German recession fears as industrial output flound...

The German economy could be on track to shrink for a second quarter after struggles in the country's all-important automotive sect...

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Average worker would need to save 52 years of earn...

It is a marked deterioration from 2006 to 2008, when it took just 38 years of wages to be wealthy.

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First-time buyers battle rising house prices with ...

House prices for those buying their first property have outpaced the rest of the market because it is now easier to get a larger m...

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Half want to abolish inheritance tax, even though ...

It comes as pensions are set to be included in inheritance tax calculations from 2027 under Labour plans, with further changes pos...

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Best Lifetime Isa providers: How Lisas work and to...

You can save up to £4,000 a year in a Lifetime Isa and get a 25% top up on contributions. Here's how Lifetime Isas work, what type...

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The smart way to pick an agent and a mortgage

CBS News business analyst Jill Schlesinger joins MoneyWatch on "CBS Mornings Plus" with a step-by-step plan to choose an agent, ge...

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IRS releases income tax brackets and standard dedu...

The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.

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Meme stock mania 2.0

Move over GameStop and AMC, Roundhill Investments launched the Meme ETF targeting a host of new names including Opendoor Technolog...

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Fastest depreciating cars revealed: One Chinese EV...

Daily Mail and This is Money can tell you which specific models - most of them still in showrooms today - are holding their value ...

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Could we REALLY scrap stamp duty? What ditching th...

We explain how much stamp duty people pay, how much it adds to the Treasury coffers and what could replace it if it is axed.

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I couldn't have bought my first home without disco...

The stamp duty break which ended this year gave us a vital leg-up - without it, our tax bill would have tripled and we'd still not...

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National Express owner's shares accelerate after £...

Mobico shares jumped after the National Express owner revealed an eight-year deal with Saudi Arabi to provide transport services f...

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Moving home set to become quicker and cheaper: Her...

Homebuying may be about to become quicker, cheaper and easier thanks to government plans to revolutionise the process.

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For older Americans, the cost of poverty is 9 year...

Low-income older Americans on average die nearly a decade earlier than wealthier people, a new analysis finds.

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Excitement — and concerns — over OpenAI's Sora 2 a...

Sora 2 and Meta's "Vibes" feature lets users' imagination run wild in creating online video. That could get messy, tech experts sa...

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Flights delayed at some airports amid air traffic ...

Airports in several U.S. states are seeing flight delays as the government shutdown enters a second week.

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Vertu Motors warns of £5.5m profit hit amid Jaguar...

Luxury carmaker JLR paused production for five weeks following a crippling cyber-attack.

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Cost of Gordon Brown's gold sale 25 years ago spir...

The then-Labour Chancellor sold 395 tonnes of bullion between 1999 and 2002 for a paltry £2.6billion.

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Marston's investors toast refurbishment drive as p...

An upbeat update from pub group Marston's on Wednesday sent the London-listed firm's shares higher.

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Tesla unveils 'Standard' Model Y and Model 3 that ...

It comes following years of promises from Elon Musk to debut a cheaper car to appeal to more cost-conscious customers.

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Cut business costs in Budget or cut growth, accoun...

A survey of Association of Chartered Certified Accountants members found that 94% lacked confidence in the economy.

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This is how long it takes for Britons to pay off t...

The average household with more than one debt owes £7,296 on average, excluding mortgages.

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Challenger bank Shawbrook hands a much-needed boos...

The specialist small business lender's initial public offering - delayed earlier this year by market turmoil - could see it valued...

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The average Briton retires five years later than t...

Workers want to be able to retire at age 62 on average, but instead they think they will only be able to retire when they are 67.

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Shawbrook Challenger bank announces £2bn London IP...

The specialist small business lender's initial public offering - delayed earlier this year by market turmoil - could see it valued...

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Air traffic controllers told to keep working durin...

National Air Traffic Controllers Association tells its members that failing to report to work could cost them their job.

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Taylor Swift's "Life of a Showgirl" movie grosses ...

The limited-time film debuted on Oct. 3, the same day Swift's album "The Life of a Showgirl" was released, and grossed $34 million...

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Social Security chief Frank Bisignano also named C...

Treasury Secretary Scott Bessent said Bisignano will continue to lead the Social Security Administration while also taking on the ...

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Reborn Chi-Chi's opens in St. Louis Park

Chi-Chi's, the Minnesota-born Mexican restaurant chain that served up its last chips and salsa about 20 years ago, made its return...

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Trump administration mulling $10 billion aid packa...

Soybean farmers have been hit particularly hard, as China boycotts American soybeans.

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Tesla teases Tuesday announcement with social medi...

Tesla posted teaser videos on social media suggesting a major announcement on Oct. 7, with analysts speculating about the launch o...

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Jaguar Land Rover set to restart production five w...

Manufacturing processes will resume today at JLR's engine factory in Wolverhampton, it has been reported. It comes more than a mon...

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Bari Weiss named editor-in-chief of CBS News as Pa...

Paramount, a Skydance Corporation, has announced the acquisition of The Free Press. Its co-founder and CEO, Bari Weiss, will join ...

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Treasury Dept may issue $1 Trump coin for 250th an...

Treasury Department said a design isn't final after the U.S. Treasurer posted an image of a commemorative coin with President Trum...

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Gen Z's favourite saving and budgeting tricks: Wou...

Savers trying to kickstart good financial habits are gamifying saving by taking part in 'no buy' months, paying themselves first a...

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'Gold-plated FOMO' sends bullion racing towards re...

The price of gold is closing in on $4,000 an ounce for the first time as investors fearful of missing out on the rally pile into t...

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Jaguar Land Rover set to restart production five w...

Manufacturing processes will resume today at JLR's engine factory in Wolverhampton, it has been reported. It comes more than a mon...

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Who gets back pay and who doesn't after a governme...

Furloughed federal workers are entitled to back pay by law, but contractors are not. Here's who gets paid and who doesn't.

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A look at the booming business of Taylor Swift and...

Taylor Swift's new album "The Life of a Showgirl" is big business. It's also breaking her own records, including several on Spotif...

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Rite Aid closes all stores nationwide

Rite Aid customers will need to find a new pharmacy after the company announced Friday that it has officially closed all of its st...

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Rite Aid closing all locations after decades in bu...

Rite Aid announced on its website that all locations will be closing.

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OpenAI becomes world's most valuable private compa...

OpenAI's new $500 billion valuation surpassed Elon Musk's SpaceX to become the world's most valuable private company following a m...

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Why are mortgage rates increasing despite a rate c...

Mortgage rates are climbing for the second week in a row, even after the Federal Reserve’s first rate cut in nearly a year — highl...

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Aston Martin DBX S review: This is a school-run su...

Powered by a 727 horse-power, 4.0-litre, V8 twin-turbo petrol engine linked to a 9-speed automatic gear-box, it can accelerate fro...

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Dacia reveals the Hipster! Striking new 'people's ...

Romanian budget car maker Dacia has revealed a supermini prototype car just big enough for four full-sized passengers. The Hipster...

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Europe's 'obsession' with Net Zero will kill AI bo...

Neugebauer said the high cost of electricity across the continent meant it would not be possible to build the amount of data centr...

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Europe's 'obsession' with Net Zero will kill AI bo...

Neugebauer said the high cost of electricity across the continent meant it would not be possible to build the amount of data centr...

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Dacia reveals the Hipster: New boxy 'people's car'...

Romanian budget car maker Dacia has revealed a supermini prototype car just big enough for four full-sized passengers. The Hipster...

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White House asks 9 universities to sign agreement ...

A White House compact asks universities to freeze their tuition for five years and ban the use of sex and gender as criteria used ...

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CBS News poll finds negativity on economy, job mar...

Prices are reported by Americans as still rising, and many think AI will lead to fewer jobs.

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How much could a government shutdown cost the econ...

A shutdown could cost the economy $7 billion each week, according to one analysis.

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As U.S. hiring slows, more Americans are job hunti...

The number of unemployed people looking for work more than six months has surged to its highest level since 2021.

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More Americans are living paycheck to paycheck, fo...

Roughly 42% of younger working adults — spanning Gen Z, millennials and Gen X — report having no money left over after covering th...

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Government shutdown begins but analysts say market...

Financial markets are expected to remain relatively unfazed by the government shutdown, with the S&P 500 historically posting posi...

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Berkshire Hathaway to buy Occidental Petroleum's c...

Warren Buffett's Berkshire Hathaway will acquire Occidental Petroleum's OxyChem chemicals arm for $9.7 billion. Berkshire is Occid...

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ETFs are flush with new money. Why billions more a...

Investors are plowing more money into exchange-traded funds putting the industry on pace to rake in trillions.

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Ovo Energy at risk as supplier falls short of regu...

The future of one of Britain's biggest energy suppliers could be at risk after bosses flagged a 'material uncertainty' over its a...

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Greggs hikes prices as soaring wages swell baker's...

The boss of Greggs has called on Rachel Reeves to deliver a 'balanced Budget' as she blamed high inflation for price rises this we...

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The 30 jobs employers are desperate to fill... and...

With the job market stalling, it's harder and harder to find work. Job-hunters are competing for fewer roles, with postings in som...

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The mystery new trend that sees airlines dramatica...

Holidaymakers are losing hundreds of pounds and having trips ruined because airlines are making major changes to flight times as l...

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Millions of households are failing to make essenti...

An estimated 2.2 million households are struggling to meet the cost of housing, bills, and loan and credit card payments, accordin...

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House sales sink at Taylor Wimpey as Budget fears ...

Housebuilder Taylor Wimpey has blamed the upcoming November Budget for a further deterioration in buyer demand in recent weeks.

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JPMorgan ditches Nutmeg to launch 'Personal Invest...

The platform will offer managed investments, pensions and Isas, as well as digital financial planning tools and dedicated relation...

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How could a government shutdown affect travel arou...

A prolonged government shutdown, as occurred in 2018, could lead to long lines at TSA checkpoints and economic losses, experts war...

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How could a government shutdown affect Social Secu...

The U.S. government shut down on Wednesday after Congress failed to approve funding for federal agencies. Here's how that could af...

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How will the government shutdown affect people app...

Some people taking out a home loan and purchasing flood insurance could face delays during the U.S. government shutdown.

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Could a government shutdown impact student loans? ...

A government shutdown began on Wednesday. Here's what to know about student loans, educational funding and the FAFSA.

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Boeing developing new single-aisle plane to replac...

Boeing is reportedly working on a new narrow-body aircraft to replace its best-selling 737 Max, which has faced a series of safety...

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Listeria outbreak from recalled prepared meals sol...

A listeria outbreak linked to recalled prepared meals from Trader Joe's and Walmart has caused four deaths and 19 hospitalizations...

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Pfizer to lower some drug prices as White House bu...

The president has also said the U.S. will begin imposing 100% tariffs on patented pharmaceutical products if manufactured outside ...

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Save £234 on your energy bill: Last chance to fix ...

The energy price cap is increasing on 1 October, but this fixed deal could save you money. If you're on a default tariff, it's wor...

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Traffic police numbers hit 10-year low as reliance...

While officer numbers are dwindling, dangerous driving convictions are on the rise.

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Toyota builds mini city of the future where 2,000 ...

A cluster of hydrogen-powered homes, which has been built on the grounds of a disused factory at the base of Mount Fuji, has welco...

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Pandora appoints its first female chief executive ...

The world's largest jeweller, Pandora, has hired its first female chief executive after its current boss announced plans to step d...

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Close Brothers takes another £33m hit related to m...

Close Brothers suffered a fresh prang from its motor finance arm as it took a £33m hit related to 'historical deficiencies' in the...

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Coffee chain grapples with tariffs as java prices ...

"The last thing we want to do is just keep raising prices on our guests," Gregory's Coffee founder Gregory Zamfotis said. That mig...

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ACA tax credits for 22 million are at the center o...

With time running out to avert a government shutdown, millions of Americans who get health insurance under the Affordable Care Act...

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What's behind the coffee price hike?

The price of a pound of coffee has surged 40% in the last year. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what t...

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McDonald's Monopoly Game sweepstakes returns after...

McDonald's is bringing back its Monopoly after nearly a decade, with prizes ranging from $1,000,000 in cash to a 2026 Jeep Grand C...

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Listeria outbreak from recalled frozen meals sold ...

A listeria outbreak linked to recalled frozen meals from Trader Joe's and Walmart has caused four deaths and 19 hospitalizations a...

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BP preps $5BN offshore oil project as it doubles d...

BP will move ahead with a $5billion offshore drilling project as the energy giant continues to re-embrace fossil fuels under chief...

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Data: Budget property tax fears 'paralyse' £500k-p...

Labour's languishing over the Autumn Budget is hitting the upper echelons of the property market hard, new data shows.

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A look at today's billionaires a century after Roc...

Newspapers announced John D. Rockefeller as the first U.S. billionaire 109 years ago. Today there are more than 900 American billi...

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Video game company behind "The Sims" to be acquire...

The California-based company said​ it entered into a definitive agreement to be acquired by consortium including PIF, Silver Lake ...

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How would a government shutdown affect Social Secu...

The U.S. government could shut down on Wednesday if Congress fails to approve funding for federal agencies. Here's how that could ...

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Prepare to pay more for furniture and home remodel...

While the tariffs will impact everyone to some degree, experts say more of the pain will be felt by lower-income consumers.

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State Fair corn dogs, Jimmy Dean sausage-on-a-stic...

About 58 million pounds of corn dogs and other sausage-on-a-stick products are being recalled across the U.S. because pieces of wo...

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Want one-off financial advice? Here's what to ask ...

Many people could benefit from one-time help over some aspect of their finances, and this need not tie you into a long-term relati...

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What you need to know before you buy a lab grown d...

Lab grown diamonds or 'man-made miracles' according to their glossy marketing, have exploded in popularity in recent years.

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Budget property tax fears 'paralyses' £500k-plus h...

Labour's languishing over the Autumn Budget is hitting the upper echelons of the property market hard, new data shows.

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