Business

Check out what’s clicking on FoxBusiness.com A glitch within the Bank of Ireland’s IT BIRG.I online app allowed customers with no funds in their account to withdraw cash.  The glitch allowed customers with no money to transfer the equivalent of up to $1,090.20 into a Revolut digital account that could …

Workers may be delighted by the latest figures from the Office for National Statistics which shows year-on-year wage growth of 8.2% including bonuses and 7.8% excluding them. However, neither the Bank of England nor financial markets seem quite so pleased, as the result could be interest rates going higher than …

Rep. Roger Williams, R-Texas, discusses the U.S. economy, COVID fraud and the border crisis on ‘Mornings with Maria.’ Global wealth fell last year for the first time since the financial crisis of 2008, according to an annual report released Tuesday. The Global Wealth Report issued jointly by Credit Suisse and …

Britain is far from immune to the “contagion” currently threatening to destroy China’s £2.4trillion banking system, Sir John Harvey-Jones has warned. The former ICI chairman and star of the BBC show Troubleshooter issued his stark warning with Country Garden, the Chinese real estate giant, in serious danger of going bust. …

ERShares CEO Joel Shulman looks ahead to the July retail sales report and remains bullish on tech stocks. Americans picked up their retail spending in July even as inflation accelerated for the first time in more than a year. Retail sales, a measure of how much consumers spent on a …

As ever, the BoE is behind the curve. In 2021, just as it became clear that inflation was about to take off, its dozy governor Andrew Bailey dismissed the threat as “transitory”. The Bank’s rate-setting monetary policy committee (MPC) was slow to react as a result, worsening the cost-of-living crisis. …

FOX Business host Elizabeth MacDonald reveals how viewers can help those in need on “The Evening Edit.” Jefferies Financial Group has pledged to help Hawaiian wildfire humanitarian assistance by making charitable donations. The financial services company announced its plans to do so Monday, saying the funds it plans to donate …

State pensioners are set for another large payment increase next year but this may not keep up with soaring prices, an expert has said. Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said pensioners could get a seven percent increase next year in line with the average earnings element …

Rep. Brian Fitzpatrick, R-Pa., and former investment banker Carol Roth discuss how Americans are being destroyed by inflation and the “negligent” monetary policies on “The Evening Edit.” As part of the Inflation Reduction Act, Medicare will directly set the prices of covered prescription drugs for the first time in history. Some …

With millions of low fixed-rate mortgage deals expected to come to an end this year, Britons are being urged to plan ahead to secure the “cheapest deals possible”.  While lenders have been cutting interest rates recently despite another Bank of England Base Rate rise to 5.25 percent, deals still remain …