The country’s economy expanded by 0.3 percent in January, according to the Office for National Statistics (ONS). This is a significant rebound from a sharp fall in December 2022 but analysts are sounding the alarm that a recession is “likely” even with this growth in Gross Domestic Product (GDP). Thomas …
Read More »Silicon Valley Bank shut down by regulators
SlateStone Wealth chief market strategist Kenny Polcari analyzes the SVB meltdown, arguing banking stocks got ‘slaughtered,’ but contagion fears are ‘way overdone.’ The Federal Deposit Insurance Corporation (FDIC) says it has seized control of Silicon Valley Bank (SVB), confirming the lender was shut down by California regulators amid a run …
Read More »Interest rates: Bank increases savings rate to four percent for ‘best possible returns’ | Personal Finance | Finance
Gatehouse Bank has announced another increase in interest rates across a range of its savings products. The financial institution has confirmed this is to help savers get the “best possible returns” from their accounts. Notice Account rate increases Gatehouse Bank’s largest rise in interest rates applies to one of its …
Read More »Four-day workweek gaining steam, restaurant, manufacturing industries say it doesn’t work
FOX Business’ Lydia Hu discusses the growing push for a four-day workweek and what Americans think of the shortened shifts. There is a growing push to make Thursday the new Friday, but not everybody is on board. A 6-month pilot program in the U.S. and Ireland recently concluded and shows …
Read More »Premium Bonds: My small win made me think about interest rates and inflation | Personal Finance | Finance
Others will chose to type their Bond number into the prize checker on the NS&I website. I’m less of a fan, as truth be told, I would have to either remember the number or look out the paperwork from when I made my first purchase. But this can also be …
Read More »TikTok reportedly hires communication firm with connections to Biden
NetChoice VP and general counsel Carl Szabo discusses whether a TikTok ban violates the First Amendment after the FBI’s Christopher Wray warned against the social media platform’s influence on ‘Varney & Co.’ TikTok has hired a corporate and political consulting firm that worked for President Biden’s campaign in 2020, according …
Read More »Best ISAs of the week: Banks increase savings interest rates to 4.06 percent | Personal Finance | Finance
One of the savings accounts by a leading bank is offering customers a 4.06 percent interest rate. An ISA is a savings or investment account that allows savers to put away a certain amount a year tax-free. Currently, Shawbrook Bank is providing its customers with a 4.06 percent gross / …
Read More »Mortgage rates climb for fifth week on job growth and inflation
Quadratic Capital managing partner and CIO Nancy Davis provides insight on the housing market and the Fed’s balance sheet on ‘Making Money.’ The average rate on a 30-year fixed mortgage rose to 6.73% on Thursday from 6.65% last week, according to mortgage buyer Freddie Mac. A year ago, the average …
Read More »Pensions: New auto-enrolment plans could give workers £40K retirement boost | Personal Finance | Finance
News that younger workers will be included in pension auto-enrolment has been more welcomed than ever. Statistics show an increasing number of young adults opting to start work at 18 rather than heading to university. With minimum auto-enrolment age rules being lowered from 22 to 18, the additional four years …
Read More »Samuel Adams masters non-alcoholic beer with Just the Haze, remasters Boston Lager
The top five finalists talked to Fox News Digital at the first annual Crafting Dreams Beer Bash in New York City. Samuel Adams has mastered non-alcoholic beer — and now remastered its flagship Boston Lager. Samuel Adams introduced Just the Haze last year. It’s a big, juicy New England-style IPA …
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