Category: Economy

Starting to get my state pension means I have to p...

DO NEWSFEED Aug 12, 2024 0 84

I retired early several years ago, drawing my private pension that is lower than the annual tax threshold on its own, but that wil...

Economy

BUSINESS LIVE: Bharti to buy major BT stake; FTSE ...

DO NEWSFEED Aug 12, 2024 0 69

Among the companies with reports and trading updates today are BT and Heathrow Airport.

Economy

5 key lessons for investors after this week's wild...

DO NEWSFEED Aug 11, 2024 0 81

Unsettled by this week's roller coaster in financial markets? Here's advice from top investment experts.

Economy

Wendy's pilots Spanish-language AI at drive-thrus ...

DO NEWSFEED Aug 11, 2024 0 98

Wendy's brings bilingual capabilities to dozens of restaurants to better serve Spanish-speaking customers in Florida and Ohio.

Economy

Trump Media says its second-quarter revenue plunge...

DO NEWSFEED Aug 11, 2024 0 102

Trump Media, the owner of Truth Social, has a market value of more than $5 billion despite shrinking sales and losses.

Economy

Susan Wojcicki, former YouTube CEO, dies at 56 aft...

DO NEWSFEED Aug 11, 2024 0 73

Susan Wojcicki served as CEO of YouTube for nine years before stepping down in February 2023.

Economy

How to file a claim to get $2,500 from a Cash App ...

DO NEWSFEED Aug 11, 2024 0 87

Customers of mobile payment service Cash App whose data or accounts were hacked can file a claim.

Economy

Disney's theme park business under pressure

DO NEWSFEED Aug 9, 2024 0 82

Disney’s Experience segment showed some softness in the third quarter, the entertainment giant announced on Wednesday as it releas...

Economy

US stocks close lower, comeback rally stalls as in...

DO NEWSFEED Aug 9, 2024 0 75

Stocks reversed earlier gains and closed lower on Wednesday, a day after Wall Street snapped its three-day losing streak.

Economy

Dow jumps 683 points, S&P and Nasdaq roar higher a...

DO NEWSFEED Aug 9, 2024 0 84

A fresh read on the job market showed that the U.S. employment situation remains solid, giving investors the greenlight to shake o...

Economy

New Boeing CEO focused on restoring trust: 'We cle...

DO NEWSFEED Aug 9, 2024 0 75

Boeing's new chief executive, Kelly Ortberg, addressed employees in a message Thursday as he took the helm, telling them that "we ...

Economy

Delta hit with class-action lawsuit over refunds f...

DO NEWSFEED Aug 9, 2024 0 89

Delta Air Lines is being sued by a group of passengers who claim the carrier has not fully reimbursed them after canceling their f...

Economy

The new '74' number plates BANNED because they're ...

DO NEWSFEED Aug 7, 2024 0 83

The latest list of banned number plates deemed too rude for the road has been released by the DVLA - with everything from ULEZ to ...

Economy

Revealed: All the savings rates that have been red...

DO NEWSFEED Aug 7, 2024 0 85

Rate cuts are usually bad news for savers, as banks reduce the interest paid on their savings accounts. We look at some of the rat...

Economy

Britain will have a shortfall of 3,000 qualified e...

DO NEWSFEED Aug 7, 2024 0 81

A major skills gap is being predicted for a workforce of mechanics trained to service and maintain the nation's EVs - with some pa...

Economy

Buca di Beppo goes bankrupt. Here are the restaura...

DO NEWSFEED Aug 7, 2024 0 97

Some of Buca di Beppo's nearly 20 shuttered locations are in states including Arizona, Michigan and Pennsylvania.

Economy

What the Federal Reserve is likely to do after sto...

DO NEWSFEED Aug 7, 2024 0 102

A stock market rout and slower economic growth could soon lead to lower borrowing costs. Here's what experts think the Fed will do...

Economy

Bloomberg makes $600 million contribution to 4 Bla...

DO NEWSFEED Aug 7, 2024 0 87

"This gift will empower new generations of Black doctors to create a healthier and more equitable future for our country," former ...

Economy

U.S. consumers rack up record $1.14 trillion in cr...

DO NEWSFEED Aug 7, 2024 0 78

Consumers tacked on an additional $27 billion in credit card spending in the second quarter, the Federal Reserve Bank of New York ...

Economy

Rocket fuel chemical is widespread in food, Consum...

DO NEWSFEED Aug 7, 2024 0 81

Perchlorate is found in a wide variety of foods, especially products popular with babies and kids, advocacy group says.

Economy

US stocks bounce back after global market sell-off

DO NEWSFEED Aug 7, 2024 0 69

Stocks bounced back on Tuesday morning following a prior session that saw the Dow Jones Industrial Average fall more than 1,000 po...

Economy

Elon Musk's X files antitrust lawsuit against worl...

DO NEWSFEED Aug 7, 2024 0 79

X CEO Linda Yaccarino announced Tuesday the company has filed a lawsuit against GARM, World Federation of Advertisers (WFA), and G...

Economy

Google antitrust ruling may pose $20 billion risk ...

DO NEWSFEED Aug 7, 2024 0 72

A federal court's ruling that Google violated antitrust law and illegally maintained a monopoly could put exclusivity payments to ...

Economy

Market watcher Adam Kobeissi: Volatility 'definite...

DO NEWSFEED Aug 7, 2024 0 86

Adam Kobeissi, editor-in-chief of The Kobeissi Letter, spells out what caused Monday's sell-off, why an emergency rate cut by the ...

Economy

Riot damage: Would your home or car insurance pay ...

DO NEWSFEED Aug 7, 2024 0 76

Many shops, mosques and immigration centres have been targeted during recent rioting, but some cars and private homes have been da...

Economy

Mortgage cuts continue as HSBC and Barclays reduce...

DO NEWSFEED Aug 7, 2024 0 85

HSBC became the third lender to reintroduce a sub-4 per cent five-year fixed deal, following mortgage rate cuts by Nationwide and ...

Economy

Ibstock slashes divi as construction slowdown hits...

DO NEWSFEED Aug 7, 2024 0 74

The building products maker intends to pay investors a 1.5 pence per share interim dividend, a 56 per cent drop on the equivalent ...

Economy

BUSINESS LIVE: Thames Water set for Ofwat monitor;...

DO NEWSFEED Aug 7, 2024 0 71

Among the companies with reports and trading updates today are Thames Water, WPP, Quilter, Legal & General, Hiscox and Glencore.

Economy

Trump wants to cut Social Security taxes. How woul...

DO NEWSFEED Aug 4, 2024 0 86

Former President Donald Trump's pledge to cut taxes that seniors pay on their Social Security income would ultimately hurt the pro...

Economy

Tesla lawyers ask judge to undo ruling against gin...

DO NEWSFEED Aug 4, 2024 0 78

Shareholders' vote in June makes clear they are adamant that Musk is entitled to an 11-figure pay package, defense attorneys argue...

Economy

Mortgage rates tumble to lowest since April 2023 a...

DO NEWSFEED Aug 4, 2024 0 84

Homebuyers are getting some relief from high borrowing costs as mortgage rates sink on expectations the Federal Reserve will cut r...

Economy

Berkshire Hathaway slashes Apple stake by almost 5...

DO NEWSFEED Aug 4, 2024 0 80

Buffett once called the company's stake in the iPhone maker a pillar of Berkshire's business that he intended to hold indefinitely...

Economy

Chevron relocating headquarters from California to...

DO NEWSFEED Aug 4, 2024 0 83

Energy giant Chevron on Friday announced its planned corporate relocation to Houston from San Ramon, the California city where it ...

Economy

Dow, S&P 500, Nasdaq have worst session since 2022

DO NEWSFEED Aug 4, 2024 0 84

U.S. stocks tumbled as recession fears spooked investors following a series of weak economic reports this week, including the July...

Economy

Stocks sink, recession fears rise and Boeing has a...

DO NEWSFEED Aug 4, 2024 0 112

Wall Street wrapped a wild week that saw big swings for U.S. stocks as investors went from celebrating Fed Chair Jerome Powell to ...

Economy

Protect your wealth and pension from Labour's tax ...

DO NEWSFEED Aug 4, 2024 0 89

Rachel Reeves laid the groundwork for an attack on people's personal wealth - an assault she had defiantly refused to confirm whil...

Economy

Have I lost the £7,000 I invested in John Burford'...

DO NEWSFEED Aug 4, 2024 0 84

I invested £7,000 and John Burford promised to buy and sell shares using his trading system, collecting a bonus for any increase i...

Economy

Reeves will regret her winter fuel payment raid on...

DO NEWSFEED Aug 4, 2024 0 84

My mailbox has been overwhelmed by readers spitting blood over Reeves' move. They feel that pensioners have been unfairly picked o...

Economy

The property investment trust going cheap and pack...

DO NEWSFEED Aug 4, 2024 0 82

The Reit run by property veteran Richard Shepherd-Cross is resolutely focused on delivering attractive annual income to shareholde...

Economy

Curb your enthusiasm on tax rises, Rachel Reeves -...

DO NEWSFEED Aug 4, 2024 0 81

The country's economic position is improving so swiftly that there will probably be no need to raise taxes at all in October.

Economy

United, Delta suspending flights to and from Tel A...

DO NEWSFEED Aug 1, 2024 0 113

United and Delta are pausing flights to and from Tel Aviv as concerns grow about a possible widening Middle East conflict.

Economy

Senate to vote on major tax bill to expand Child T...

DO NEWSFEED Aug 1, 2024 0 84

The legislation would bolster the Child Tax Credit, aiming to provide relief to lower-income families.

Economy

Disney, Fox and Warner Bros Discovery reveal price...

DO NEWSFEED Aug 1, 2024 0 82

Venu Sports will include games from the NFL to NASCAR, as well as college sports, golf, tennis and soccer.

Economy

Fed maintains benchmark interest rate despite infl...

DO NEWSFEED Aug 1, 2024 0 88

The Federal Reserve on Wednesday maintained its benchmark interest rate even as inflation has cooled. CBS News business analyst Ji...

Economy

U.S. proposes ban on airline fees for seating pare...

DO NEWSFEED Aug 1, 2024 0 78

Airlines would be required to put kids 13 and under next to an accompanying adult for free under a new proposed rule.

Economy

McDonald's sales decline for first time in years a...

DO NEWSFEED Jul 31, 2024 0 78

Persistent inflation has caused consumers to shift to affordable food options at home, leading chains like McDonald's and others t...

Economy

Tech company pulls Olympics advertising after open...

DO NEWSFEED Jul 31, 2024 0 72

The blasphemous art depicted during the 2024 Paris Olympic Games Opening Ceremony was enough to have one company pull all of its a...

Economy

Stocks rally on Fed hopes, Delta’s nightmare and P...

DO NEWSFEED Jul 31, 2024 0 73

Stocks are ripping higher as investors go all in on when the Fed may decide to cut interest rates. At the same time, the 2024 elec...

Economy

Would moving to flat rate pension tax relief be fa...

DO NEWSFEED Jul 31, 2024 0 83

It seems unfair to me that the well off can save into a pension fund and get 40 per cent tax relief, but the lower earners can onl...

Economy

This spiteful attack shows Labour sees pensioners ...

DO NEWSFEED Jul 31, 2024 0 79

Who would have thought that many hard-pressed pensioners would be picked on by Chancellor of the Exchequer Rachel Reeves.

Economy

How to protect your wealth from the Labour surpris...

DO NEWSFEED Jul 31, 2024 0 94

New reforms had promised that no one would ever have to fork out more than £86,000 towards their care over the course of their lif...

Economy

Could you really work four days a week for the sam...

DO NEWSFEED Jul 31, 2024 0 72

For some it sounds like a no-brainer. Others think it's too good to be true. To traditionalists who pride themselves on their work...

Economy

Supercar bunker for the mega rich: Step inside new...

DO NEWSFEED Jul 31, 2024 0 94

The site, which can hold up to 490 cars at a time, is fully kitted out with the most advanced storage tech and a team of heavies t...

Economy

Charles Barkley dunks on NBA's new broadcast deal:...

DO NEWSFEED Jul 29, 2024 0 87

"Inside the NBA" host Charles Barkley is decrying the NBA's new broadcast pact, saying Warner Bros. Discovery's TNT "never had a c...

Economy

In more than 200 U.S. cities, $1 million only gets...

DO NEWSFEED Jul 29, 2024 0 75

Half of all U.S. states have at least one city where a relatively modest residence costs $1 million, according to a new analysis.

Economy

DOJ says TikTok collected U.S. user views on sensi...

DO NEWSFEED Jul 29, 2024 0 80

TikTok employees used an internal system to gather sensitive data about U.S. users, federal officials said.

Economy

Boar's Head recalls liverwurst across the U.S. ove...

DO NEWSFEED Jul 29, 2024 0 87

Amid a widening listeria outbreak, Boar's Head is recalling all of its liverwurst products sold nationwide, as well as some deli m...

Economy

Apple reaches its first-ever union deal with worke...

DO NEWSFEED Jul 29, 2024 0 76

The three-year deal will increase pay by an average of 10% and offer other benefits to workers at a store in the Baltimore suburb ...

Economy

Can boneless wings include bones? High court weigh...

DO NEWSFEED Jul 26, 2024 0 88

An Ohio supreme court ruled 4-3 on Thursday that consumers ordering boneless wings should not expect the items to be free of bones...

Economy

Former Solicitor General Paul Clement joins Coinba...

DO NEWSFEED Jul 26, 2024 0 80

Paul Clement, who previously served as the former solicitor general under the Bush administration, will join the board at Coinbase...

Economy

Albertsons and Kroger agree to pause merger amid l...

DO NEWSFEED Jul 26, 2024 0 74

Kroger and Albertsons announced that the two companies agreed to temporarily pause their $25 billion merger as a lawsuit filed by ...

Economy

MARKET REPORT: Aston Martin in fast lane as superc...

DO NEWSFEED Jul 25, 2024 0 80

Aston Martin cruised ahead as the company cashed in on wealthy buyers snapping up supercars.

Economy

BUSINESS LIVE: Lloyds ups dividend; ITV lifted by ...

DO NEWSFEED Jul 25, 2024 0 85

Among the companies with reports and trading updates today are Lloyds, ITV, Unilever, Vodafone, British American Tobacco, BT and A...

Economy

Lloyds hikes dividend despite profit slump amid mo...

DO NEWSFEED Jul 25, 2024 0 89

The financial services firm intends to pay investors a 1.06 pence per share interim dividend, which is equivalent to £662million a...

Economy

Number of people who 'mainly' use cash RISES as Cr...

DO NEWSFEED Jul 25, 2024 0 78

There was an uptick in people using physical money in 2023 - though most prefer cards and digital payments and two thirds say they...

Economy

50 of the best funds and investment trusts: Our ex...

DO NEWSFEED Jul 25, 2024 0 119

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's select...

Economy

Here's how much you need to make to join the top 1...

DO NEWSFEED Jul 25, 2024 0 84

The threshold for joining the top 1% of earners has jumped in the last year, thanks partially to higher incomes for the wealthy.

Economy

Mattel introduces first blind Barbie, new Barbie w...

DO NEWSFEED Jul 25, 2024 0 84

As Disability Pride Month comes to a close, Mattel introduced two new Barbie dolls: a blind Barbie and a Black Barbie with Down sy...

Economy

Here's what to do if an airline cancels your fligh...

DO NEWSFEED Jul 25, 2024 0 82

Travelers have a number of rights when airlines scratch or delay their flights. Here's what you should know.

Economy

This retirement misstep could cost you $130,000 in...

DO NEWSFEED Jul 25, 2024 0 72

IRA rollovers are supposed to help workers prepare for retirement, but a quirk in the system could cost you.

Economy

McDonald's to extend $5 meal deal at most US resta...

DO NEWSFEED Jul 23, 2024 0 98

McDonald’s limited-time $5 meal deal will remain available longer than four weeks at many locations, as the move has helped drive ...

Economy

UPS misses quarterly estimates on high labor costs...

DO NEWSFEED Jul 23, 2024 0 84

UPS, FedEx and other home delivery providers have been slashing costs since the end of home-bound consumers' early pandemic e-comm...

Economy

Coca-Cola raises annual sales, profit forecasts on...

DO NEWSFEED Jul 23, 2024 0 91

Coca-Cola has been foraying into newer regions in Asia and Europe to keep its revenue growth intact and launching reformulated ver...

Economy

Tesla's Cybertruck making inroads on the road

DO NEWSFEED Jul 23, 2024 0 132

Tesla’s Cybertruck appears to be making some progress when it comes to sales. The electric vehicle maker is poised to release its ...

Economy

GM, Ford may see profit hit amid cooling EV demand...

DO NEWSFEED Jul 23, 2024 0 82

GM and Ford may post smaller quarterly profits this week after slowing consumer demand for EVs and a cyberattack on a critical sof...

Economy

Post Office in turmoil as top lawyer Ben Foat step...

DO NEWSFEED Jul 21, 2024 0 99

Ben Foat has taken a leave of absence on full pay from his role as the group's general counsel - the top in-house legal role at th...

Economy

ALEX BRUMMER: Rachel Reeves must deliver on her me...

DO NEWSFEED Jul 21, 2024 0 78

Painting the gloomiest picture of an inheritance allows an incoming government wiggle room and time.

Economy

What it really costs to move to Cyprus: You'll get...

DO NEWSFEED Jul 21, 2024 0 84

For many years, Sue and Allan Griffiths thought they might retire to Spain. Summer after summer they returned to the south-eastern...

Economy

Is being a Nimby really that bad? This is Money po...

DO NEWSFEED Jul 21, 2024 0 99

Does it matter if you're a 'super' nimby? And if you do want to fight back against developments in your area, what's the sensible ...

Economy

How YOU can profit from the Rachel Reeves planning...

DO NEWSFEED Jul 21, 2024 0 84

Here's what you need to know about the Labour's planning revolution - from the obstacles to the opportunities that could allow yo...

Economy

Here's who bought the "Apex" Stegosaurus for a rec...

DO NEWSFEED Jul 19, 2024 0 94

The buyer intends to keep the fossil in the U.S., and is exploring making it available for public display.

Economy

Plant-based drinks recalled in Canada amid listeri...

DO NEWSFEED Jul 19, 2024 0 85

Citing suspected links to a listeria outbreak, Canada's health agency has issued a recall notice for 18 plant-based drinks sold un...

Economy

John Deere backs off DEI policies, following Tract...

DO NEWSFEED Jul 19, 2024 0 80

John Deere & Co. says the farm equipment maker will no longer participate in "social or cultural awareness" events.

Economy

Bissell recalls more than 3.5 million steam cleane...

DO NEWSFEED Jul 19, 2024 0 76

Bissell says it has received more than 150 reports of burn injuries from recalled product. Here's how consumers can get a refund.

Economy

Social Security recipients must update their onlin...

DO NEWSFEED Jul 19, 2024 0 90

Social Security is counting on its Login.gov service to shrink lengthy wait times for people who need to call the agency.

Economy

Dow jumps 742 points, small caps celebrate USA tra...

DO NEWSFEED Jul 18, 2024 0 96

Investors are shifting their love from the tech-heavy Nasdaq Composite into small caps and the Dow 30 as the election picks up ste...

Economy

Starbucks, Mercedes team up in EV charging network...

DO NEWSFEED Jul 18, 2024 0 123

Mercedez-Benz High-Power Charging plans to install electric vehicle charging stations at 100 Starbucks locations in the U.S., star...

Economy

William Hill owner's shares plummet following prof...

DO NEWSFEED Jul 18, 2024 0 122

The firm's share price was 12.8 per cent down at 75.3p at 12:30pm after it told investors that first-half adjusted earnings before...

Economy

Half a MILLION caught in the 60% tax trap by earni...

DO NEWSFEED Jul 18, 2024 0 73

More people than ever are being stung by the 60 per cent tax trap , which affects those earning between £100,000 and £125,150 a ye...

Economy

BUSINESS LIVE: Wage growth eases; IDS boosted by e...

DO NEWSFEED Jul 18, 2024 0 78

Among the companies with reports and trading updates today are International Distribution Services, Frasers, AJ Bell, Dunelm, Evok...

Economy

How eye-watering £470 cost of attending festivals ...

DO NEWSFEED Jul 18, 2024 0 94

Some 50 festivals have been cancelled this year as their own costs are going up, and young people can't afford the price of ticket...

Economy

NatWest and TSB lower mortgage rates despite base ...

DO NEWSFEED Jul 18, 2024 0 88

Two more high street banks have announced they are cutting mortgage rates as home loan costs continue to drift downwards.

Economy

Hot dogs shipped to hotels, restaurants in two sta...

DO NEWSFEED Jul 18, 2024 0 88

Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.

Economy

Trader Joe's viral insulated mini totes are back i...

DO NEWSFEED Jul 18, 2024 0 90

The popular cooler bags are back in stock at Trader Joe's stores today. Some locations are setting purchasing limits.

Economy

Biden administration forgives another $1.2 billion...

DO NEWSFEED Jul 18, 2024 0 77

About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.

Economy

Stegosaurus sells for record $45 million at Sotheb...

DO NEWSFEED Jul 18, 2024 0 119

The dinosaur fossil of a Stegosaurus nicknamed Apex fetched 10 times its estimate at a Sotheby's auction on Wednesday.

Economy

What to know as Social Security recipients have to...

DO NEWSFEED Jul 18, 2024 0 85

CBS News business analyst Jill Schlesinger explains a change to online Social Security accounts that will impact millions of benef...

Economy

AutoNation says CDK outage will hurt its second-qu...

DO NEWSFEED Jul 16, 2024 0 70

AutoNation disclosed on Monday its bottom line for the second quarter will show a negative impact from CDK Global’s recent widespr...

Economy

Trump, JD Vance and stock market momentum: Here’s ...

DO NEWSFEED Jul 16, 2024 0 86

The U.S. stock market has been on a roll this year, despite no change in interest rates, but some suggest the momentum is being fu...

Economy

Internal Disney communications leaked online after...

DO NEWSFEED Jul 16, 2024 0 81

Data from Disney’s internal Slack workplace collaboration system have been leaked online, including discussions about ad campaigns...

Category: Economy

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