Business

Borrowers with credit scores boosted by pandemic-era stimulus savings are missing payments at a faster rate than usual, a recent TransUnion report said. (iStock) Subprime borrowers that saw their credit scores boosted by pandemic-era stimulus savings are reverting to bad payment behaviors, a recent report said. A combination of federal …

This will be brilliant news more than 12 million retirees who depend on the state pension for some or even all of their retirement income. Yet it could also hand more ammunition to long-term clinics of the triple lock mechanism, who claim it is unaffordable. The triple lock, introduced by …

FOX Business’ Madison Alworth explains how the Federal Reserve influences the Mega Millions jackpot on ‘Cavuto: Coast to Coast.’ A Mega Millions ticket sold in Florida claimed matched all six numbers for the game’s largest-ever jackpot following Tuesday night’s drawing. The lucky winner has the option of receiving the massive …

People worried about their finances are falling victim to fraudsters making fake offers of loans. The Financial Conduct Authority found that 24 percent of people in a survey last month turned to credit or loans to help fund their summer spending. Loan fee fraud, where someone pays a fee for …

Redfin CEO Glenn Kelman says it’s hard to fault the Fed for ‘overdoing’ rate hikes when there are other ‘persistent’ sources of inflation. Analysts at the Telsey Advisory Group downgraded Lowe’s and Home Depot stock on Tuesday amid a housing market weakened by falling home sales and mortgage increases. The …

The Government has confirmed the second cost of living payment will be paid in the autumn. Eligible benefit claimants will receive a one-off payment of £300 during the autumn period. As the cost of living crisis continues, and inflation remains high, any extra cash will be vital for people on …

The Cow Guy Group founder Scott Shellady analyzes the ‘nervous’ stock market and BNP Paribas USA Vice Chairman Jean-Yves Fillion reacts to Fitch stripping the U.S. of its AAA rating on ‘The Claman Countdown.’ Recently Fitch’s, a service that rates the quality of bonds, downgraded U.S. Treasuries from AAA to …

The full new state pension is worth £10,600; however, experts calculate a rise by almost £1,000 a year from next April. As inflation figure sits at 7.9 percent, those receiving state pension may see a significant boost next year. The state pension triple lock means that pensions rise each year by two percent, the …

Mattel CEO Ynon Kreiz discusses the toymaker’s sales after the ‘Barbie’ movie release on ‘The Claman Countdown.’ This “Barbie” has earned a billion dollars at the box office. In its third week, the Margot Robbie-starring film earned $53 million, maintaining its No. 1 spot, and with an international gross of …

The sixth wettest July on record dampened shop sales, data has revealed. Takings grew just 1.5% last month, according to trade body the British Retail Consortium and KPMG. That was down from a 2.3% increase a year ago and below the 3.5% average over the past three months. Downpours deterred …