The DWP has issued a response to calls for the tax-free allowance for pensioners to be increased from the current £12,570 to £15,000. DUP MP Gavin Robinson asked in Parliament if the Chancellor would assess “the potential merits of increasing the tax-free threshold for pensioners to £15,000”. Financial Secretary to …
Read More »HSBC records pre-tax profit of £23bn due to high interest rates | City & Business | Finance
Banking giant HSBC has announced pre-tax profits rose by 78% – fuelled largely due to the high interest rates. Its pre-tax figures show profit rose to £23bn ($30.3) in 2023, up from £13.8bn ($17.5) in 2022. It comes as banks across the world rose interest rates to help curb rising …
Read More »Putin’s net worth ‘rivals Elon Musk,’ but ‘cobweb’ of bank accounts, assets hides his full value, expert says
Independent Russian outlet Dossier Centre has compiled a rendering of Russian President Vladimir Putin’s deluxe compound, complete with a bathhouse, a fishery and farm and private access to a waterfall and lake. (VIA: East2West) The mission to sanction Russian President Vladimir Putin continues to prove difficult as he keeps his …
Read More »Labor coalition accuses Starbucks of losing its way with labor issues
Check out what’s clicking on FoxBusiness.com A coalition of labor unions is claiming that Starbuck’s approach to dealing with its yearlong labor issues is “broken” and that the company has “lost its way.” The Strategic Organizing Center said in a statement Tuesday that the coffee giant’s “flawed human capital management strategy …
Read More »Some student loan borrowers are boycotting payments, but the risk is high: survey
Some student loan borrowers refuse to repay debt, hoping it will send a message to the government. (iStock) Millions of borrowers have missed student loan payments since the October restart and about 1 in 10 are refusing to pay in the hopes it will pressure the government to cancel their …
Read More »DC federal jury convicts 2 Chinese nationals of duping Apple out of over $3 million with fake iPhones
Circled Squared Investments founder Jeff Sica discusses whether Microsoft can take over Apple as the company with the biggest market cap on ‘Varney & Co.’ A Washington, D.C., federal jury convicted two Chinese nationals on Tuesday, for being part of a scheme in which they submitted over 5,000 fake iPhones …
Read More »Only 16% of Americans say Biden has helped the middle class
Working class voters John Cataneo, Phillip Downell and Andrew Craig join ‘America’s Newsroom’ to explain the real-world impact of inflation on everyday Americans Just a fraction of Americans believe the economic policies enacted by President Biden are helping middle-class families, according to a new poll. Findings published Tuesday by Monmouth …
Read More »Delta flight to view total solar eclipse sells out
Ed Bastian addresses the $1.4 billion profit sharing payoff to employees. People rushed to scoop up tickets for a Delta Air Lines flight designed for watching the upcoming total solar eclipse. Hopeful solar eclipse viewers have already bought up all the seats on the Delta Flight 1228 slated to run …
Read More »Wyze security camera breach exposed 13,000 users’ footage to other users
Cyber-attacks against Americans at all time high over past two years. Federal and state funding is trying to beef up cybersecurity of local governments as threats rise. Smart camera company Wyze said that a glitch with its network last week allowed some users to see footage from security cameras that …
Read More »Ford cuts prices of electric Mustang Mach-E by up to $8,100
FOX Business Jeff Flock reports from the Celebrity Ford of Toms River dealership, where electric F-150s arent driving off the lot fast enough. Ford Motor Co. on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 after sales fell sharply in January. The …
Read More »Pennsylvania thrift store finds rare 14-karat gold LEGO mask, expected to rake in thousands at auction
Check out what’s clicking on FoxBusiness.com Employees at a Dubois, Pennsylvania, Goodwill Industries warehouse came across a rare 14-karat gold LEGO mask, which has since been put up for auction and could fetch thousands. Goodwill Industries of North Central Pennsylvania posted on its Facebook page that the 14-karat gold LEGO …
Read More »‘Wolf of Wall Street’ says college a ‘complete waste of time’ for most students: ‘Avoid it like the plague’
‘The Wolf of Investing’ author Jordan Belfort on New York’s alleged politicization, the push for financial literacy in schools and importance of a college degree. Famed former Wall Street broker Jordan Belfort commented on the diminishing value of a college education, after a new report found some college students learned …
Read More »Applesauce recall: Attorneys generals beg FDA for toxic metal testing in baby food industry
Check out what’s clicking on FoxBusiness.com A group of attorneys general are pressuring the U.S. Food and Drug Administration (FDA) to strengthen protection of baby food within the industry from toxic metals as scrutiny of an applesauce recall intensifies. In a letter to the FDA, the group of 20 attorneys …
Read More »Larry Kudlow shreds ‘Soviet-style’ prosecution of Donald Trump
FOX Business host Larry Kudlow reacts to the $355 million fine against Trump civil fraud case on ‘Kudlow.’ As any common-sense person knows, the Letitia James-Arthur Engoron ruling against former President Trump was nothing more than political persecution. As Byron York wrote today, New York AG James has been campaigning …
Read More »GM pauses sales of new mid-size Colorado, Canyon trucks over software issue
Check out whats clicking on FoxBusiness.com General Motors said Tuesday it has temporarily paused sales of 2024 model year Chevrolet Colorado and GMC Canyon mid-size trucks to fix intermittent software quality issues. GM said that a fix has been identified and that its voluntary and temporary pause aims to fix …
Read More »Elizabeth Warren rallies donors as Marine veteran, crypto attorney John Deaton announces Senate challenge
Check out what’s clicking on FoxBusiness.com Massachusetts’ famously anti-crypto senator, Elizabeth Warren, is frantically rallying her donor base to help her fight off a GOP challenge to her Senate seat from a pro-crypto attorney seeking to unseat her in November, FOX Business has learned. According to an email to donors …
Read More »Raquel Welch’s iconic bikinis to hit auction after her death
Check out what’s clicking on FoxBusiness.com Some of Raquel Welch’s most iconic outfits will be up for auction over a year after her death. Fans will be able to bid on the actress’ famous faux fur bikini that she wore for her 1974 special, “Really Raquel.” The bikini is a …
Read More »Martin Lewis urges pensioners to check if they’re ‘missing out’ on thousands of pounds | Personal Finance | Finance
Martin Lewis has urged people to check if they or their loved ones are missing out on a “really important” DWP benefit, which could potentially provide them with thousands of pounds extra a year. The support, otherwise known as Attendance Allowance, is one of the Department for Work and Pensions’s …
Read More »Existing housing supply builds as homeowners with sub 6% mortgage rates return
Lowering mortgage rates is helping to build some much-needed housing supply. (iStock) Mortgage rates are set to drop at a faster rate than initially anticipated, which could help build some much-needed housing supply. However, some homeowners are already selling, according to a recent report. The share of mortgages with a …
Read More »Over half of workers told to come in the office are currently or plan to look for a new job this year: Report
‘The Five’ co-hosts react to rage over Larry David’s attack on Elmo and Minneapolis Mayor Jacob Frey taking a swipe at remote employees on The Fastest. Over half of employees who have been told by employers to work in the office are currently or planning on looking for a new …
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