Business

Business

Mortgages: ‘Unpleasant shock’ for homeowners as 1.4 million to pay extra £250 a month | Personal Finance | Finance

Britain is experiencing consecutive increases in interest rates which are placing serious financial pressure on households. While savers are benefiting from these rate hikes, homeowners are seeing their mortgage payments shoot up. Recent data from the Office for National Statistics (ONS) has revealed that 1.4 million households are facing the …

Read More »

Wealthy American wallets to take momentous hit from US recession

Forbes Media CEO Steve Forbes weighs in on the potential ‘rich-cession’ coming this year. Millionaire and Forbes Media’s CEO warned that wealthy wallets may already be taking “big hits” from an inevitable economic recession coming this year. “The big hits are going to come in 2023,” Steve Forbes told FOX …

Read More »

California facing $24B budget shortfall amid economic uncertainty

Lipow Oil Associates President Andy Lipow calls for a ‘balanced approach’ to the ‘expensive’ renewable energy push. California’s government is facing an estimated budget deficit of $24 billion this year, a stark reversal from the record-setting surpluses that the state saw in recent years which comes amid ongoing inflation and …

Read More »