Financial experts are warning that Hunt is working at cross purposes, and risks luring millions into a hidden pensions trap. Many over-55s who took early retirement after the pandemic need to get back to work and earn some money as the cost-of-living crisis bites. Almost 50,000 have returned in the …
Read More »Biden to propose major tax hikes as part of administration’s plan to cut deficit: report
North Dakota Republican Gov. Doug Burgum discusses his goal of a 1.5% flat tax, plus a measure to end income tax altogether by 2028 on ‘The Big Money Show.’ President Biden is reportedly planning to unveil a series of major tax hikes on billionaires, investors, and those making above $400,000 …
Read More »Bank of England is urged to hold its nerve on interest rates | City & Business | Finance
Further interest rate rises risk “deepening the pain” for households and scarring the economy, a Bank of England policy maker has warned. Dr Swati Dhingra claims the full effect of the Bank’s 10 consecutive interest hikes to combat inflation has not yet fed through to the economy. In a speech …
Read More »Tom Love, the Founder of Love’s Travel Stops and Country Stores, dies at the age of 85 in Oklahoma
Check out what’s clicking on FoxBusiness.com Love’s Travel Stops and Country Stores says the founder of the truck stop chain known for its red and yellow heart logo, “Clean Places, Friendly Faces” motto and in-store showers has died. The company announced on its website that Tom Love died Tuesday in …
Read More »Inheritance tax warning as HMRC cracks down on payment errors | Personal Finance | Finance
HMRC issued requests for £326million in payment shortages in 2021/2022, an increase of more than a quarter compared to the previous year. Heather Pollard, head of underwriting at Tower Street Finance, spoke about why people could be underpaying on their IHT bill and how to avoid this. She offered five …
Read More »Adidas to slash dividend after Kanye West split
Check out what’s clicking on FoxBusiness.com Adidas is suffering some fallout from the company’s decision to split with rapper and fashion designer Kanye West. Adidas cut ties with West, known as Ye, in October following antisemitic comments by the rapper and workplace complaints against him. The sporstwear maker will slash …
Read More »Martin Lewis shares key tips to get energy bills ‘way cheaper’ | Personal Finance | Finance
Rising energy bills have become an increasingly significant cause of concern since prices started to rise in April 2022. However, some customers on prepayment meters have been experiencing particularly high charges, so finance journalist Martin Lewis, joined by Grant Shapps, the secretary of state for energy security and net zero, …
Read More »Florida Space Coast to witness first 3D printed rocket attempt to reach orbit
Check out what’s clicking on FoxBusiness.com The Florida Space Coast will bear witness to a rocket launch like no other on Wednesday afternoon, as the very first 3D-printed rocket lifts off from the Cape Canaveral Space Force Station. Long Beach, California-based Relativity Space, which was founded in 2015, plans to …
Read More »Martin Lewis issues urgent ISA warning as tax deadline looms – top ISAs today | Personal Finance | Finance
As living costs rise and disposable income dwindles, Britons have been searching for savings accounts that offer the best rates of return on their investments. But with the end of the tax year fast approaching, financial journalist Martin Lewis urged viewers of ITV’s The Money Show who are “bigger savers” to …
Read More »Trucking company warns new EPA standards will kill mom-and-pop businesses
Andrew John of John N. John Trucking Company unpacks the implications of new EPA standards for truckers on ‘Varney & Co.’ Smaller trucking businesses are feeling financial pressure after the Environmental Protection Agency (EPA) released new standards for semi-trucks to lower air pollution. Andrew John of the John N John …
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