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Category: Economy

Bank of America profit drops on lower interest inc...

Bank of America earned $6.9 billion, or 83 cents per share, in the quarter ended June 30, compared with $7.4 billion, or 88 cents ...

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Morgan Stanley's profit jumps as investment bankin...

Morgan Stanley's net income rose to $3.1 billion, or $1.82 per share, in the three months ended June 30. That compares with $2.2 b...

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Top 10 urban property hotspots: Bradford and Black...

Bradford is the top urban property hotspot for the second consecutive quarter, exclusive data from OnTheMarket reveals.

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Last chance to get a 5.1% easy-access savings deal...

Tomorrow is the last chance for savers to get Chase Bank's easy-access deal paying 5.1%.

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A city killed by Net Zero? House prices have colla...

Starmer's planned raid on oil and gas will cost thousands of jobs, threaten the transition to green energy - and could make the No...

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BUSINESS LIVE: Ofwat enforcement against four firm...

Among the companies with reports and trading updates today are Ocado, B&M European Value Retail, Brickability, Sosandar and Home R...

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'University is my biggest regret': I earn £70,000 ...

I pay off £4,000 per year towards my student loan, and that just covers the interest. A decade after graduating, I still owe £46,0...

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JetBlue passenger sues airline for $1.5 million, a...

Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.

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Here's how much the winners of Wimbledon get in pr...

The total tournament purse is at a record high. Here's how much the winners will take home.

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Social Security recipients could see smallest COLA...

Social Security adjusts its benefits each year to account for inflation. But as prices are cooling, seniors are likely to see a sm...

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Kroger, Albertsons identify nearly 600 locations t...

Kroger and Albertsons, who are looking to merge, have identified the 579 locations across the country that they intend to offload ...

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Billionaire investor Bill Ackman starts fundraisin...

Billionaire hedge fund manager Bill Ackman launched fundraising for a new U.S.-listed fund that could bring in upwards of $20 bill...

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U.S. House expected to uphold Biden veto preservin...

The U.S. House is set to take a vote that would not override President Biden's veto of a resolution that overturned an accounting ...

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Stolen crypto via hacking increased 110% in first ...

The first half of 2024 saw hackers targeting cryptocurrency abscond with $1.38 billion, TRM Labs recently found.  That total marke...

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Texas grocery store gets state's first ammunition ...

A Texas grocery store joined a growing list of locations where ammunition vending machines are being installed by American Rounds,...

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Can Freetrade's new flexible stocks and shares Isa...

FreeTrade launched the flexible feature to allow investors to withdraw and replace money without impacting their annual Isa allowa...

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SMALL CAP MOVERS: Faron Pharma boosted by US FDA g...

Faron Pharmaceuticals was one of the week's significant gainers, with its stock rising by 35 per cent.

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Dacia Spring EV review: We test drive the UK's CHE...

The all-new Dacia Spring is the cheapest EV in the UK by almost £10k. We test drove it to find out if this budget EV really can pu...

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Lotus debuts its one-off £2million hypercar at Goo...

The one-off Lotus hypercar crashed a few yards into its 'dynamic debut' at Goodwood Festival of Speed's hill climb on Thursday.

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Dyson to cut 1,000 jobs in the U.K.

Maker of high-end home appliances faces mounting global competition, CEO says in announcing layoffs.

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FTC says drug middlemen are squeezing Main Street ...

Agency slams pharmacy benefit managers for hiking costs, including overcharging patients for cancer drugs.

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Delta partners with startup Riyadh Air as it plans...

Delta Air Lines has struck a deal with a start-up airline to operate flights between the United States and Saudi Arabia.

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Fifth Third Bank illegally seized people's cars af...

The Ohio-based bank has been fined $20 million for forcing some customers to buy duplicative auto insurance.

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Amazon offering a $20 credit before Prime Day. Her...

Amazon is offering a $20 credit ahead of its Prime Day, a two-day shopping event on July 16-17. Here's what to know.

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JPMorgan Warns Customers: Prepare to Pay for Check...

Head of Chase says bank customers stand to lose out if Washington enacts new rules and it means your plain vanilla checking accoun...

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Tesla investors turn stock around; Robotaxi buzz h...

Tesla investors got a tailwind this past week as the stock turned positive for the year and posted a monster monthly gain as deliv...

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Paramount agrees to merger with Skydance

Paramount Global and Skydance Media have reached a deal to merge the two massive media companies together, according to a joint st...

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Tesla investors call for judge to reject 'outlandi...

Tesla shareholders are urging a Delaware judge to reject the $7 billion legal fee request made by attorneys who challenged CEO Elo...

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Labour must act fast to fire up Rolls-Royce nuclea...

The engineering giant is considered to be a front-runner of the six groups in the race to build Britain's first mini nuclear plant...

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Mortgage misery led voters to turn against Tories

A results breakdown shows the Conservatives haemorrhaging support to Labour and the Liberal Democrats in seats with the most mortg...

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BUSINESS LIVE: Britvic agrees £3.3bn takeover; Mar...

Among the companies with reports and trading updates today are Britvic, Marston's, Ocado, ITM Power, Unite Group, Plus500 and Ferr...

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City falls behind in league table of global floats

If it fails to do so, it could endanger Labour's growth agenda for the whole of the UK, experts say.

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Britain is an oasis of calm to bond markets, compa...

Rachel Reeves' determination that all manifesto pledges have to be 'funded and costed' is no accident.

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Ailing Spirit Airlines drops some junk fees in hop...

Budget carrier Spirit is eliminating some fees amid growing pushback against hidden airline industry charges.

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FTC blocks Tempur Sealy's $4 billion purchase of M...

Federal regulators say Tempur Sealy's acquisition of Mattress Firm would raise prices for "millions of consumers."

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FDA announces death in probe of recalled microdosi...

Diamond Shruumz-brand cones, chocolate bars and gummies sold nationwide now linked to 48 illnesses in 24 states.

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Pew study: U.S. divided on whether the American Dr...

About half of Americans believe anyone can achieve success in the United States through hard work and determination.

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How to protect your home from a hurricane

With meteorologists predicting an above normal hurricane season, here's what residential construction experts say you can do to ha...

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New cars fitted with automatic speed limiters from...

As of 7 July 2024, new vehicles will need to have Intelligent Speed Assistance systems fitted as standard as part of an EU safety ...

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When will interest rates fall? Forecasts for a bas...

The Bank of England is likely to make its first base rate cut in August, according to the latest forecasts.

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​The 'kill switch' that would cripple the global e...

Taiwan dominates production of the computer chips powering the AI revolution. But what would happen to YOUR investments and pensio...

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What next for mortgage rates?

Mortgage rates have virtually stood still over the past month, with rates staying more or less the same since the start of June. 

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Can YOU pass a financial literacy test that nearly...

A mass test of 3,000 adults weighted to be nationally representative found 20% got no answers right, and 24% managed just one corr...

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White House proposes rule to protect workers from ...

Measure would protect an estimated 36 million and represent first major federal safety standard of its kind.

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Car dealerships still struggling 2 weeks after CDK...

One New Jersey car dealer said he has no choice but to remain patient until systems are fully restored.

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Federal judge blocks Mississippi law requiring age...

Tech industry group that includes Google and Meta, sued Mississippi, arguing law would unconstitutionally limit access to online s...

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Japanese airlines outline what could get you kicke...

Two Japanese airlines have laid out behaviors that constitute harassment and could prevent customers from flying.

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July 4th gas prices expected to hit lowest level i...

Gas prices are even lower in some states, like Washington. Here are ways for drivers to save on gas.

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Redbox DVD kiosk owner Chicken Soup For The Soul f...

Chicken Soup for the Soul Entertainment has filed for Chapter 11 bankruptcy in Delaware, with nearly $1 billion in debt, two years...

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A Trump win would make emerging countries feel the...

Mobius Capital Partners founder Mark Mobius weighs in on recent political developments around the world, telling "The Claman Count...

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Heavy turbulence leaves 30 injured on flight that ...

An Air Europa flight was diverted to Brazil while on its way to Uruguay, after experiencing heavy turbulence, which injured severa...

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Car dealership losses from CDK software outage cou...

Cyber incidents at software provider CDK Global from mid-June have left car dealerships across the US with suspended operations, w...

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Tesla's 2nd quarter deliveries better than expecte...

Elon Musk's Tesla said it completed 443,956 vehicle deliveries during the quarter. That marked a nearly 4.8% decline year-over-yea...

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Best cash Isa rates 2024: Our pick of the five top...

We pick our five favourite cash Isas for savers. This is essential reading to help you choose a top savings account for your money...

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Cash Isas surge in popularity with £73.5bn poured ...

Savers have continued their dash for cash Isas with £4.2bn pouring into tax-free accounts in May, new Bank of England data shows.

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Vietnam is a growth hotspot and could reward brave...

It is a beneficiary of massive inward investment as big international companies shift their manufacturing bases southwards out of ...

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The best Wimbledon side hustles! TOBY WALNE meets ...

Wimbledon starts serving up Championship tennis today - offering an ideal opportunity for locals to earn some extra cash through s...

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FREDA LEWIS-STEMPEL did a 1,000 mile road trip in ...

Shel took a road trip from London to Scotland to see if you can beat range anxiety and only charge with renewable energy.

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RAY MASSEY: Don't be taken for a ride at the garag...

In the first three months of this year, the highest-ever number of complaints was submitted to The Motor Ombudsman's dispute resol...

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Tata threatens to shut Port Talbot steelworks over...

The conglomerate said it will close the final blast furnace at the site three months earlier than planned as union members prepare...

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Asda bosses insist they are building a 'bigger and...

Once Britain's second biggest supermarket, it has struggled since its private equity takeover three years ago and this month hit i...

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After Nvidia's rise, how you can back the AI revol...

It is possible to acquire a stake in Nvidia and the other Silicon Valley names through investment trusts whose shares are at a dis...

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First-class delivery... for Royal Mail chiefs: Top...

Five successive chief executives shared £15.2m between the delivery group's privatisation in 2013 and the end of its latest financ...

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FDA gives green light to menthol flavored e-cigare...

Parent groups and anti-tobacco advocates blast FDA move to authorize vaping brand Njoy to market its products to the public.

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Amazon to stop using plastic air pillows in packag...

Amazon said customers will notice that the air pillows are missing from the orders starting in July.

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Did you receive an unsolicited package? It might b...

Receiving a product in the mail you didn't order can indicate a scam, consumer advocates warn. Here's what to know.

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Auto dealership owner reeling after CDK Global sof...

The CDK Global auto dealer software outages have pushed many, like Celebrity Motor Cars owner Tom Maoli, to process sales and repa...

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Nvidia, Microsoft, Apple about to rock big tech ET...

A popular tech ETF that counts Microsoft, Apple and Nvidia as top holdings is about to rebalance. The move comes as Nvidia's share...

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Vitamix recalls 569,000 blender parts after dozens...

The nationwide recall includes Vitamix products that were previously repaired in a 2018 recall amid 27 reports of cut hands.

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567,000 chargers sold at Costco recalled after two...

Portable battery chargers recalled after 120 reports of the product overheating, safety watchdog warns.

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Super Bowl parade shooting survivors await donatio...

"We're really broke right now," said one survivor of the shooting during the Kansas City Chiefs Super Bowl celebration.

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Facial gum is all the rage on TikTok. So does it w...

Young men are chomping on "mastic" gum in hopes of getting a chiseled jawline. Here's what dentists have to say.

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580,000 JoyJolt glass coffee mugs recalled over bu...

JoyJolt brand coffee mugs can break when filled with hot liquids, leading to serious injuries, safety regulators warn.

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McDonald's $5 meal deal: Here's what you get

Under McDonald’s upcoming $5 meal deal, customers will get their pick of one of two sandwich options — a McDouble or a McChicken —...

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Auto dealers face software outage after provider h...

The incident marks the second time that CDK Global has disclosed an issue this week. The first, reported Wednesday, also prompted ...

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Ferrari has plans for an electric car. The cost? M...

Ferrari's foray into the EV space comes as other automakers are slashing prices on the cars amid faltering demand.

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CDK cyberattack shuts down auto dealerships across...

A cyberattack has disrupted the transaction systems for 15,000 car dealerships across the U.S.

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Trump's 10% tariff proposal is actually a $1,700 t...

Former President Donald Trump is floating a 10% across-the-board tariff on all U.S. imports. But economists warn consumers would p...

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Supreme Court upholds Trump-era tax, skirting disr...

The court ruled 7-2 that the so-called mandatory repatriation tax is constitutional under Article I and the 16th Amendment.

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Ozempic is fueling demand for smaller clothing siz...

Longtime customers of a men's shirt company are now buying clothes two sizes smaller, its owner said.

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Johnson & Johnson faces new class action lawsuit o...

Johnson & Johnson faces a new lawsuit seeking damages and medical monitoring for women who developed or might develop cancer, alle...

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An ETF to play gold, silver, copper and everything...

Precious metals are leading big gains for commodities this year, and some think the runway for both hard and soft assets could be ...

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Rite Aid to close over two dozen stores amid bankr...

Rite Aid on Monday filed a “notice of additional closing stores" identifying 27 locations in Michigan and Ohio that it has added t...

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Boeing crash victims' families ask DOJ to fine com...

The families of victims killed in two separate Boeing 737 MAX plane crashes wrote a letter to the Justice Department asking the go...

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FDA issues warning to Dollar Tree over its failure...

The FDA sent a letter to Dollar Tree, Inc. in response to the company's failure to promptly remove a recalled product from WanaBan...

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Gen Xers are nearing retirement. About half say th...

Older Gen Xers are turning 59 ½ this month, when they can withdraw retirement assets without a penalty. But many don't have enough...

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US charges executives at ADHD startup in $100 mill...

The U.S. Department of Justice has charged the top doctor and the founder of telehealth startup Done Global for allegedly running ...

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Boeing investigating quality issue on undelivered ...

Boeing tells FOX Business it is investigating whether fasteners on some of its undelivered 787 Dreamliner planes were incorrectly ...

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Elon Musk’s payday, Apple AI, Fed’s rate cut pivot...

The tech-heavy Nasdaq kept climbing this week on the heels of the AI boom after Apple upped its game and even after the Federal Re...

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Trump proposal to exempt tips from taxes could cos...

The nonpartisan Committee for a Responsible Federal Budget projects how much the plan would add to the federal deficit.

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Brewery defends Milwaukee with "(not so) Horrible ...

"You hear something, you believe something," said brewery owner of people's possible misperceptions about Milwaukee.

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Nationwide to drop about 100,000 pet insurance pol...

The country's biggest provider of pet insurance cites rising cost of veterinary care in pulling product in some states.

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Southwest Airlines CEO says no plans to step down ...

Southwest Airlines CEO Bob Jordan said on Wednesday he has no intention of stepping down despite pressure from activist Elliott In...

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Apple tops Microsoft, regains title of world's mos...

Apple's market value topped Microsoft's for the first time in five months, allowing the tech giant to reclaim the title of world's...

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Musk says shareholders are backing his $56 billion...

Tesla CEO Elon Musk announced that shareholders are voting to approve his $56 billion pay package and the company's reincorporatio...

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Elon Musk's $56B Tesla pay package in the balance ...

Tesla CEO Elon Musk's $56 billion pay package is in the balance as shareholders will decide whether it will be reinstated after a ...

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Keith Gill, GameStop's "Roaring Kitty," plans YouT...

GameStop's stock price surged more than 40% after Keith Gill indicated he would appear on YouTube for the first time in three year...

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Car ownership is getting more costly even as price...

A typical car buyer will pay $10,688 extra in interest payments over the course of a new car loan, one expert said.

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Good Earth recalls 1.2 million lights after multip...

One person died and another was treated for smoke inhalation in one of seven fires caused by product overheating.

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Feds set to release key jobs report. Here's what t...

U.S. unemployment rate forecast to stay below 4% for a 28th straight month — that would be the longest stretch in more than 70 yea...

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