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Category: Economy

Rachel Reeves to stage ANOTHER tax raid on landlor...

The changes will reduce returns for landlords who have already been pounded by higher taxes and increased regulation since 2016 - ...

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How Medicare's lower prices for 15 medications cou...

The Trump administration tapped a Biden-era rule to negotiate lower prices on 15 widely used medications for seniors.

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How to protect yourself from Rachel Reeves and her...

A dog's dinner of a Budget on so many levels after weeks of twisting and turning by the Chancellor as she sought to fill a black h...

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Green levies on energy bills scrapped in the Budge...

Households could save up to £150 on their energy bills over the course of the year, under plans announced by the Chancellor in the...

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What Reeves' devastating pensions raid means for y...

The Chancellor has launched a stealth attack on 'salary sacrifice' company pensions, with a new £2,000 cap on the pension contribu...

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Cash Isa allowance slashed to £12,000 for under 65...

The Chancellor has decided to cut the cash Isa allowance as part of a plan to divert billions of pounds sitting in savings account...

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Campbell Soup exec made offensive remarks about cu...

Food maker puts executive on leave after he allegedly mocked customers and made offensive remarks about the company's workers.

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Fed governor says current economy is 'calling for ...

Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushi...

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Britain faces five years of stagnating living stan...

Britain faces five years of stagnating living standards as inflation and higher taxes bite, Budget forecasts reveal.

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Budget 2025 as it happened: The key points from Ra...

Chancellor Rachel Reeves has stood up to deliver her long awaited Autumn Budget for 2025. These are the main points at-a-glance.

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Pay-per-mile tax for electric cars from 2028 CONFI...

Electric vehicles will be subject to a mileage-based charge from April 2028 in a move that's been slammed by the motoring industry...

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Budget crushes salary sacrifice in a blow to pensi...

Salary sacrifice schemes allow workers to take a supposed 'pay cut', with the money paid into their pension or put towards some ot...

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Fuel duty frozen and 5p cut extended as Chancellor...

Fuel duty will remain frozen for a 15th consecutive year and the 'temporary' 5p cut to the tax on petrol and diesel will be extend...

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Americans face power shutoffs and mounting debt as...

Past-due balances are becoming a reality for many U.S. households as they struggle to keep up with costlier utility bills.

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The U.S. urgently needs air traffic controllers. H...

Aviation experts worry that the recent government shutdown could make it hard for the U.S. to recruit a new generation of air traf...

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U.S. cities will see big tourism boost from World ...

After a lackluster year for tourism, the U.S. is likely to see a jump in international visitors for the 2026 World Cup, economists...

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Tips to stretch your dollar this holiday season

CBS News MoneyWatch correspondent Kelly O'Grady breaks down new data on the economy and how it impacts consumers searching for hol...

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Cash Isa limit set to be slashed to £12,000 - here...

Savers will have the rug pulled out from under them at the Budget with Rachel Reeves set to cut the cash Isa allowance to almost h...

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What will happen to my pension if salary sacrifice...

I am concerned about reports of changes to salary sacrifice. Would I have to pay 8% National Insurance on any contribution above £...

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EasyJet boss warns Reeves against passenger tax hi...

Easyjet chief executive Kenton Jarvis said he hopes the Chancellor freezes air passenger duty and warned that the opposite would ...

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How to turn £100 into £225 using your work pension...

Usually with this kind of quick money-making scheme, I'd tell you to run a mile. But in this case, there's an exception.

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Budget 2025: EVERY tax that could be hiked, from i...

Our guide to everything that could be announced by Chancellor Rachel Reeves in the Budget on 26 November.

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Rad e-bike batteries pose a fire risk and shouldn'...

Rad Power Bikes contends that its batteries are safe and that the commission's demand would force it to close.

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Stock market edges higher amid tech gains and hope...

Investors are now forecasting that the Federal Reserve will cut interest rates at its next meeting, scheduled for Dec. 10.

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Trump proposal to exclude nursing as a professiona...

Nursing advocates say a proposed rule could worsen a shortage of professionals in the field and lead to worse health outcomes.

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Campbell Soup executive made offensive customer re...

The complaint alleges that a Campbell executive made offensive remarks about company workers and mocked customers.

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How to turn £100 into £225 using your work pension...

Usually with this kind of quick money-making scheme, I'd tell you to run a mile. But in this case, there's an exception.

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A quarter forced to borrow from friends and family...

Millions are being forced to borrow from friends and family or to take out credit in order to cover unexpected bills,

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Save our family firms: Rachel Reeves blasted over ...

Farmers and family business owners have joined forces in a last-ditch bid to overturn an inheritance tax raid that threatens to de...

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Slash spending or risk bond market mayhem: Reeves ...

Fears are mounting Chancellor will rely on an array of tax rises rather than controls on public expenditure to make her numbers ad...

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Want to make people invest? Improve tax breaks for...

Major companies including Vodafone and Diageo have called for Rachel Reeves to make it easier for staff to own shares in their emp...

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It's Thanksgiving week. These are expected to be t...

It is a busy week for millions of Americans who are traveling for Thanksgiving.

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Kohl's names new CEO as it seeks to move past lead...

Kohl's has promoted Michael Bender as its permanent CEO, nearly seven months after serving in the interim for that top role.

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One market shift from ‘underwater’: Credit expert ...

A 50-year mortgage rate is "risky" business, according to credit repair expert Micah Smith, who warns the idea could put Americans...

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Investors bet big on booming drone economy

A new drone ETF offers investors access to a booming unmanned aerial vehicle industry. The REX fund targets companies earning reve...

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Investec launch new best buy one-year fix ahead of...

Investec has boosted the rate on its one-year fixed savings account, giving those happy to lock their money away the certainty of ...

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Cash Isa limit could be cut in the Budget... but 7...

A quarter of people say they think investing is too risky, with a further 15% not knowing how to start and 12% saying they don't h...

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SMALL CAP IDEA: When will defence minnows get thei...

The war in Ukraine, instability in the Middle East and the growing threat from China have put the UK and its western allies back o...

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Rise of first-time boomers! Spike in over 60s fina...

Santander said that the oldest first-time buyer it gave a mortgage to in the past year was aged 70.

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Feeding the soul: Teaching the food truck business

A retired Air Force brigadier general sought a new mission: to create the first certified mobile food-truck apprentice program in ...

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Gap Inc.​​ CEO on strategies to reinvigorate brand...

Consumers are expected to spend more than $1 trillion this year on holiday shopping, according to the National Retail Federation. ...

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Play yards sold on Amazon recalled due to life-thr...

Baby play yards sold on Amazon by Anna Queen are being recalled due to the "risk of serious injury or death from suffocation and e...

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CBS News poll finds most would oppose U.S. militar...

Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.

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Chinese robot walks 66 miles in 3 days, straight i...

A Chinese company says its AgiBot A2 robot walked from Suzhou to Shanghai, "all while adhering to traffic regulations."

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The Chinese 'Temu Range Rover' taking over the sch...

The Jaecoo 7 is being dubbed the 'Temu Range Rover' online. And the cheap Chinese luxury SUV has become a UK best seller.

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SMALL CAP MOVERS: Ee bah gum lad, it's Yorkshire A...

Serial entrepreneur David Richards is ushering his latest venture onto the markets by a slightly roundabout route and it will trad...

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Energy price cap to rise AGAIN in January - here a...

The energy price cap will increase by 28p a month in January, but higher policy costs are expected to push up bills again next yea...

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Best Black Friday TV and broadband deals that coul...

We've picked out top TV and broadband deals currently available below, including specific Black Friday offers.

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Sanctions have choked Russia's oil industry, a key...

A Treasury Department analysis indicates that new U.S. sanctions on Russian oil producers have sent prices there tumbling, choking...

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Criminals are primed to target holiday shoppers. W...

Criminals are targeting shoppers with fake websites, bogus charities and other fraudulent pitches, according to insights from Visa...

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Restored VW "Magic bus" that survived California w...

A vintage blue VW "Magic bus" that became an unlikely symbol of resilience when it survived a major California wildfire has made i...

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President Trump exempts more Brazilian products fr...

President Trump is expanding the list of foods imported from Brazil that will not be subject to levies.

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Despite complaints of gaps in Medicare Advantage n...

Government documents show that federal regulators rarely warn plans that their networks of health providers are so skimpy they vio...

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Verizon CEO Dan Schulman says the company is cutti...

Verizon must "evolve as a company" by slashing costs and restructuring, the wireless telecom's chief executive told employees.

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Employers added 119,000 jobs in September, latest ...

The September jobs report, which was delayed due to the government shutdown, comes amid a slowdown in hiring across the U.S.

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U.S. added 119,000 jobs in September, showing a pi...

The first jobs report since the shutdown ended shows U.S. employers added 119,000 jobs in September, exceeding economists' expecta...

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Nvidia CEO predicts 'crazy good' fourth quarter af...

Nvidia CEO Jensen Huang calls Q4 guidance "crazy good" as chipmaker rides AI boom wave. Stock jumps 5% after beating earnings expe...

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Government drafts in the MILITARY to clear the nat...

Defence driving examiners next year will be deployed to test centres in England with the longest waiting times to conduct an addit...

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Don't break the family businesses that built Brita...

The Government's first Budget since returning to office did two things: it raised taxes by over £40billion and penalised Britain's...

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Save our family firms: Reeves under fire over inhe...

Family businesses have launched a last-ditch plea for the Chancellor to abandon a hugely damaging inheritance tax raid that threat...

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Zopa Bank enters investing market with ready-made ...

App-based bank Zopa has launched a new investing product targeted at first-time investors.

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A HUGE retirement saving crisis looms if state pen...

Former minister Steve Webb found out Government estimates for how much people would 'under-save' if the guarantee was axed - and s...

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Summers resigns from OpenAI board, other roles aft...

Former Treasury Secretary Larry Summers said Wednesday that he is resigning from the board of OpenAI after last week's release of ...

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Ford recalls nearly 230,000 U.S. vehicles over dis...

The recall affects 2025-2026 Bronco and Bronco Sport vehicles.

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Mulberry sales bounce back as boss says turnaround...

Boss Andrea Baldo has been focusing on British customers. The group said it was seeing business improve thanks to concessions in J...

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Child care costs more than the rent in dozens of U...

In some metro areas, child care expenses amount to more than double what families spend on rent, LendingTree found.

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Honda recalls nearly 257,000 cars over software fl...

Software error in some Honda Accord Hybrid vehicles can cause drivers to lose power, increasing the risk of a crash, NHTSA said.

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DoorDash to start delivering products bought at Fa...

Partnership lets consumers shop at 7,000 Family Dollar stores using the DoorDash app.

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Larry Summers resigns from OpenAI board after Epst...

Former Treasury Secretary Larry Summers said Wednesday that he is resigning from the board of OpenAI after last week's release of ...

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Google shares hit record after Buffett's Berkshire...

Google stock hits all-time high as Berkshire Hathaway reveals $4 billion investment, marking Warren Buffett's rare tech bet and en...

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Bonds are heading for the best year since 2020

U.S. bonds are outperforming after years of volatility, with 10-year Treasury yields falling as inflation pressures moderate even ...

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Moron premium back after Reeves's income tax U-tur...

Increased scepticism about the Chancellor's ability to balance the books means investors are effectively demanding bigger returns ...

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Hospitality industry warns of further job cuts and...

Hospitality has been hit hard since the Chancellor raised NI contributions paid by business and hiked the minimum wage in the Budg...

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House price growth slows as Budget jitters bite bu...

House prices are falling, according to the latest official figures from the Office for National Statistics.

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Severn Trent boss exits after 11 years and £3.3mil...

Chief executive of Severn Trent Liv Garfield is stepping down after a 11-year career with the water group as it embarks on its lar...

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FAA lifts emergency order that slashed flights at ...

The Federal Aviation Administration says it is lifting all restrictions on commercial flights that were imposed during the governm...

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New report shows share of first-time home buyers d...

The American dream feels increasing out of reach as home prices have skyrocketed for years. The latest report from the National As...

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Record 81.8 million Americans set to travel over T...

Roads are likely to be busy this year, with 90% of travelers planning to drive to their Thanksgiving destination, travel group say...

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How AI can help plan your Thanksgiving meal to sav...

Some foods in your Thanksgiving meal will cost more this year, including turkey, cranberries and green beans. Meanwhile, butter, b...

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Japan says jets scrambled as China flew drone near...

Tension between Japan and China has escalated over the new Japanese leader's suggestion Tokyo could intervene militarily if Beijin...

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Major crypto exchange picks Texas for new HQ, citi...

Texas attracted another major corporation as Coinbase reincorporated there, drawn by favorable tax rules, lighter regulations and ...

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Toyota opens massive North Carolina battery plant,...

Toyota launched a $13.9 billion battery plant in North Carolina, creating 5,100 jobs and committing an additional $10 billion to U...

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Disney losing $30M a week as YouTube TV blackout d...

Morgan Stanley estimates Disney loses $30 million weekly from YouTube TV blackout affecting ABC and ESPN channels, as the dispute ...

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Dow closes above 48,000 for first time, 17th recor...

Investors drove the Dow to back-to-back record gains, shrugging off concerns about an AI bubble and the lack of economic data tied...

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Bitcoin’s bear market week

Investors battered bitcoin this week, rotating out of riskier assets and sending the largest cryptocurrency by market value below ...

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Worried about choppy markets? It's time to diversi...

In this column, William Heathcoat Amory, managing partner at Kepler Partners explains the benefits of a properly diversified portf...

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TEMPLE BAR: The 158% return in five years on cheap...

Ian Lance and Nick Purves, part of global investment house Redwheel, claim that there are more stellar gains to come, albeit not o...

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Barclays makes big cuts to mortgage rates as lende...

The lender has cut rates on five-year fixes across all deposit sizes, as banks compete to gain new borrowers in a sluggish housing...

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Best fixed energy deals: Tariffs that beat the pri...

Fixed energy deals have been gradually returning to the market, so are there any that beat the current cap?

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Is the £50,000 Premium Bonds limit due an uplift t...

The maximum amount that can be held in Premium Bonds has been stuck at £50,000 since June 2015.

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Baby formula recall expands as at least 15 infants...

An outbreak of botulism tied to ByHeart baby formula has made at least 15 infants sick in 12 states, a California health official ...

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Warren Buffett's final letter to shareholders: Rea...

Warren Buffett's final letter to shareholders: Read in full

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Wessex Water faces £11m levy over sewage and waste...

Ofwat said Wessex Water and its investors should brace themselves to fund a total enforcement package of £11m.

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Collided with an animal on the road? Do you know w...

Hitting an animal on the road can be a frightening as well as upsetting ordeal. But do you know when animals you are legally oblig...

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Santander is giving new customers £200 for switchi...

Santander joins a troupe of banks currently offering an incentive for switching. These boosts can give your finances a welcome bum...

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Princes Group eyes takeover targets as London debu...

Tinned tuna giant Princes Group is looking at acquiring other businesses after the firm's listing on the London Stock Exchange las...

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Could the FTSE 100 hit 10,000 by Christmas.. or wi...

The FTSE 100 has hit a new record high, fuelling speculation that it will hit 10,000 by the end of the year or even sooner.

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What Trump's 50-year mortgage plan could mean for ...

Details are still sparse, but a 50-year loan could meaningfully reshape a housing market where 30 years is the norm.

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See what's opened and closed on Veterans Day 2025

Most stores will remain open on Veterans Day, but services like the USPS and many banks will close.

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When would federal workers be paid after the gover...

About 1.4 million employees missed their first full paychecks on Oct. 24 after receiving only partial pay on Oct. 10.

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