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Category: Economy

Michael and Susan Dell to give 25 million U.S. kid...

Michael and Susan Dell said they will spend $6.25 billion to fund Invest America accounts for U.S. children.

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Should you open a Trump account for your child? He...

Trump accounts offer a new tax-preferred way for families to save money for their kids. Here are the pros and cons.

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Made in Chelsea star Jamie Laing's Candy Kittens f...

Graze has been snapped up by Candy Kittens, which was founded by Jamie Laing (pictured with wife Sophie Habboo), an heir to the Mc...

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Economy to slow next year as Reeves tax hikes batt...

The Paris-based body forecast that growth of 1.4 per cent this year would fall to an even more sluggish 1.2 per cent in 2026.

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Reeves blamed as private sector shrinks at fastest...

Rachel Reeves has been blamed for leaving firms in 'limbo' amid intense pre-Budget speculation as private sector activity slumped ...

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House prices rise in November despite Budget uncer...

It follows on from last week's Budget in which Rachel Reeves announced tax hikes on landlords and owners of expensive homes.

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Millions of Britons say they want to invest, but d...

Investment giant Blackrock says millions of British savers who have the money to invest are being stifled by a 'knowledge gap'.

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Boost for banks as BoE eases financial crisis era ...

Britain's banks have been given a boost after he Bank of England eased post financial crisis restraints - giving them 'greater con...

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Council crackdown on drivers abusing EV charging b...

EV ownership is rising, but so too are the number of fines drivers are receiving for wrongly parking in an EV bay or overstaying t...

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Yankee Candle maker Newell Brands to close stores ...

Newell Brands shares have sunk nearly 62% this year as the consumer products giant grapples with slowing growth.

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Gas prices dip below $3 per gallon, the lowest sin...

The average price across the U.S. now stands at $2.95 per gallon, down 8.5 cents from a week ago, according to GasBuddy.

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Coffee tariffs lifted, but some Portland cafés sti...

Relief will take time, because coffee roasters and cafés typically order beans months in advance.

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TSA will start charging travelers without a Real I...

Flyers without Real IDs, passports or other accepted forms of identification will need to pay a $45 fee starting Feb. 1.

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Goldman Sachs to buy ETF sponsor Innovator in $2B ...

Goldman Sachs announced it will buy Innovator Capital Management in a $2 billion cash-and-stock deal. Global assets in actively ma...

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Cash Isas surge in October as savers rush to stick...

Savers rushed to get money into cash Isas ahead of speculation that the cash Isa allowance would be cut.

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Harbour Energy slashes ANOTHER 100 jobs as windfal...

Oil and gas firm Harbour Energy is cutting another 100 North Sea jobs in the North Sea after the Chancellor refused to axe the win...

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Car sharing firm Zipcar to close operations in the...

Zipcar has announced plans to close its operations in the UK by the end of the year, it said today.

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Pay-per-mile tax on EVs will trigger petrol car ra...

Robert Forrester, boss at Vertu Motors, says the Chancellor's EV tax raid will be a hammer blow to demand and force brands to rest...

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Around 150k customers moved to Octopus Money as it...

With the acquisition, Octopus Money has taken on around 150,000 customers from Virgin Money.

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U.S. consumers spent a record $11.8 billion online...

Shoppers turned out in big numbers for Black Friday despite wider economic uncertainty.

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U.S. airlines report short-term disruptions amid A...

Airbus recommended an emergency software update to the A320 family of aircraft.

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Americans expected to spend over a trillion dollar...

Americans spent a record $12 billion online on Black Friday this year, according to Adobe Analytics. Ali Bauman reports on how ris...

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Rubens painting lost for over 4 centuries sells fo...

A long-lost painting by 17th-century Flemish master Peter Paul Rubens sold at auction for well beyond its asking price.

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Shoppers spend billions on Black Friday

Adobe Analytics, which tracks online shopping, says U.S. consumers spent $11.8 billion on Black Friday, nearly a 10% jump from las...

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Tenants warned rents will be hiked after Budget ta...

Tenants will foot the bill for painful tax hikes Rachel Reeves imposed on landlords in the Budget, property insiders warn.

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Britain's biggest stealth tax to cost families £34...

Rachel Reeves this week extended the freeze on income tax thresholds for another three years to help fund extra spending on benefi...

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Savers to be blocked from transferring to cash Isa...

Transfers will now be blocked and harsh restrictions on other ways of bypassing the rules will be introduced.

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Stocks, bonds and sterling rally after the Budget ...

Rachel Reeves appears to have passed an initial market credibility test after UK assets rallied for the week following an Autumn B...

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Young workers 'will be the ones to suffer' as cost...

Young workers 'will be the ones to suffer' as the cost of employing them rises by more than £4,000 under Labour, according to new ...

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Shopping on Black Friday? Here's how to avoid onli...

Fake QR codes, phony social media posts and phishing emails are among the tools scammers use to trick online shoppers.

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Save our family firms: Reeves warned inheritance t...

In the Budget this week, the Chancellor stuck to her plan to hit family businesses and farms worth more than £1million with death ...

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Scam hunter Nick Stapleton reveals the terrifying ...

Fraudsters are gearing up for a scam bonanza in the month leading up to Christmas as shoppers eye up bargains to nab at a discount...

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Asda boss says he will 'restore confidence' as IT ...

Chairman Allan Leighton said the group's turnaround had been pushed back by six months after the rollout of its 'Project Future' u...

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Tenants can expect higher monthly rents thanks to ...

Tenants will foot the bill for painful tax hikes Rachel Reeves imposed on landlords in the Budget, property insiders warn.

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I'm buying a £2m house: What do I need to know abo...

We can afford the £2,500 per year levy, but would obviously rather avoid it - and are worried it would put off buyers if we sold t...

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Five major flaws of the pay-per-mile tax on EVs: M...

Having scrutinised the consultation document on eVED, we've identified five huge problems the Government faces when it intends to ...

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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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Lifetime Isa rates hiked as high as 4.69%: With th...

As part of the Budget, the Government has confirmed that changes to the lifetime Isa are on the horizon. At the same time, two lif...

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Truth about Temu: The 'bargains' that are CHEAPER ...

From 'lightning deals' to 'super deals' and 'bulk saver hubs', shoppers who visit the websites of Chinese retail giants AliExpress...

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Budget blow to salary sacrifice schemes will add m...

Experts say the move could dent savers' retirement pots and lead companies to cut back on contributions.

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The expert guide to protecting your pension, retir...

Simon Lambert will be answering all of YOUR questions at 4pm on Thursday after Rachel Reeves announced the autumn budget.

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Why tariffs might make real Christmas trees more a...

The price of imported plastic Christmas trees is up, the majority of which are made in Asia and subject to tariffs introduced by P...

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How to find the best Black Friday deals on electro...

These are the best days to shop for appliances, toys, clothing and more throughout the holiday season, according to retail experts...

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What's open and closed on Thanksgiving? Here's wha...

Shoppers will need to plan ahead as some grocery stores and retailers will be closed on Thanksgiving or have reduced hours.

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Rachel Reeves hikes savings interest tax with addi...

The rates of tax savers pay on their savings interest will be hiked from April 2027 in a shock move by the Chancellor

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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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