Harvard economist Jason Furman shares his economic outlook for 2023, focusing on recession fears, the Federal Reserve’s agenda and geopolitical factors. A number of business taxes are rising just as the U.S. economy faces the increased risk of a recession, threatening to prolong financial pain for many companies and consumers. …
Read More »Lloyds Bank issues warning after ‘alarming’ scam loses woman hundreds of pounds | Personal Finance | Finance
However, it appears to suggest fraudsters may be pursuing a higher volume of lower value scams in the current economic environment. Liz Ziegler, fraud prevention director at Lloyds Bank, said: “Fraudsters will ruthlessly adapt to any changes in consumer behaviour and, with the increased cost of living putting more pressure …
Read More »Yellen rejects minting $1T platinum coin to avoid US debt ceiling as a ‘gimmick’
Fisher Investments founder and chairman Ken Fisher discusses Congress’ handling of the debt ceiling and recession fears. Treasury Secretary Janet Yellen dismissed the idea of minting a $1 trillion platinum coin to keep the U.S. from defaulting on the national debt as a “gimmick” that the Federal Reserve is unlikely …
Read More »State pension: France protests Macron’s age increase but UK’s to be raised even more | Personal Finance | Finance
Tom Selby, the head of retirement policy at AJ Bell, explained: “No country has experienced quite as much controversy over state pension reform as France, with the Government previously reluctant to push through change for fear of sparking mass protests. “Indeed, pensions were part of the reason we saw the …
Read More »Major plane shortage fuels turbulent skies
FOX Business’ Jeff Flock reports from Newark Liberty International Airport, where flights are being impacted by a plane shortage. Adding to a myriad of industry issues, experts warn that airline travelers may soon face more turbulence thanks to a nationwide plane shortage. Due to a combination of manufacturer supply chain …
Read More »Mortgage payments could drop by 25% as interest rates fall in ‘positive’ for homeowners | Personal Finance | Finance
Monthly mortgage payments may drop by 25 percent within the next 12 months, according to research carried out by Quilter. This comes after the latest Government house price index data showed that the average UK property cost £294,910 in November 2022. Interest rates have risen dramatically within the last year …
Read More »Goldman Sachs announces reduction in asset management investments
Goldman Sachs head of personal finance management Joe Duran provides his 2023 market outlook and discusses the firm’s ‘tough decision’ to cut 3,200 jobs on ‘Varney & Co. Goldman Sachs Group Inc’s asset management section will make significant cuts to the $59 billion of alternative investments that impacted its earnings. …
Read More »British Gas to EON Next: Britons could save money on energy bills by cutting usage | Personal Finance | Finance
A DFS Service Requirement has been published for tomorrow, Monday January 23, 2023 between 17:00 and 18:00. Unlike demonstration tests, it means everyone signed up to the scheme could save money if they reduce power usage during that time. If a person’s energy supplier offers the service and they have …
Read More »States look to secure electrical grid after substation attacks
Check out what’s clicking on FoxBusiness.com Policymakers in several states are looking to shore up the security of the electrical grid after a series of attacks at substations in recent months exposed vulnerabilities and knocked out power for thousands. Over the last year, at least four states have reported deliberate …
Read More »Pensioners could save up to £282 through free NHS dental treatment – can you claim? | Personal Finance | Finance
Some pensioners may not have to pay for NHS dental treatment at all and can save themselves up to £282. To be eligible, they need to receive certain benefits. Individuals are entitled to free NHS dental treatment if they or their spouse (including civil partner) receive: Pension Credit – Guarantee …
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