Business

A two-year review into pension reform is being launched to stop middle-aged workers being left struggling to make ends meet when they retire. The 20 year decline of salary-linked pensions and low contributions have left many workers on course to be poorer than over-65s are now, according to the Institute …

A former Consumer Financial Protection Bureau (CFPB) employee reportedly forwarded the confidential records of over a quarter-million consumers to their personal email account. CFPB officials told lawmakers about the breach on March 21, but it was first reported by the Wall Street Journal on Wednesday. The CFPB called it a …

The sacked boss of the Confederation of British Industry said his reputation had been “totally destroyed” following misconduct allegations. Tony Danker, 51, said yesterday he had not only been “thrown under the bus” but that the CBI had “reversed the bus back over me”. In his first interview since his …

Blue Owl Capital co-founder discusses the dangers of refinancing commercial real estate and where to take risks. Home prices in March saw the biggest annual drop since 2012 as pending home sales continue to abate, according to a new report.  Last month, median U.S. home prices dropped – led by …

One teenager was able to reduce his £524 grocery bill to around the equivalent of £50 thanks to coupons. He appeared on TLC’s Extreme Couponing to break down his savings success. Joel, 16, from Burbank, California is an extreme couponer and regularly visits the supermarket to take advantage of big …

Check out what’s clicking on FoxBusiness.com Bernard Arnault has nabbed the title as the highest-net worth individual in the world, a feat that has unseated billionaires Elon Musk and Jeff Bezos from their prior spots and that was fueled by the performance of the French luxury goods giant he helms. …

Cash will become harder to use as the rise of plastic and phone apps continues, the Bank of England’s deputy governor has warned. Sir Jon Cunliffe believes the increase in contactless and online shopping means it is going to be increasingly difficult to spend physical money on the high street. …

Twitter CEO Elon Musk shared his business perspective on inflation and the emerging banking crisis on Tucker Carlson Tonight. Billionaire Elon Musk warned Tuesday that the inflationary pressures which have wreaked havoc on the U.S. economy over the last year will persist until economic productivity increases. Musk said in an …

Rules curtailing the use of forcibly installed energy prepayment meters have been slammed by charities and campaigners who want a total ban. Customers must now be given more chances to clear debts and forced meter fittings will be halted in homes with residents all aged over 85, watchdog Ofgem has …

Janney Montgomery Scott chief investment strategist Mark Luschini gives economic outlook on ‘Mornings with Maria.’  Bank of America CEO Brian Moynihan said Tuesday that he expects the U.S. economy to slide into a recession later this year that is relatively minor as consumers remain in solid shape. “Everything points to …