Business

Pensioners must now pay £2,700 more in tax to maintain their lifestyles than four years ago. In 2020-21, a pensioner would have paid £5,058 in income tax to live a “comfortable” retirement, whereas this rose to £7,787 in 2023-24, as per The Telegraph. This is due to higher living costs …

Check out what’s clicking on FoxBusiness.com. Australia rejected China’s offer to work together to combat President Donald Trump’s tariffs.  “We’re not about to make common cause with China,” Australian Deputy Prime Minister Richard Marles told Sky News on Wednesday. “We are not going to be holding hands with China in …

An update has been issued to Cash ISA holders, pension savers and those with savings accounts following the change of tax year this week. The tax year changes every year on April 6. It means that for various savings, tax, pensions and other rules and limits, the new financial year …

Boyden Gray PLLC partner Michael Buschbacher discusses concerns of an electric vehicle mandate on ‘The Bottom Line.’ General Motors is temporarily laying off 200 workers at the company’s all-electric plant in Detroit as it adjusts to market demands, a company source told FOX Business.  The Factory Zero assembly plant will …

A hike in the state pension age means thousands of Brits nearing retirement are not sure what agethey will be when they get their state pension. The Institute for Fiscal Studies (IFS) estimated that around 130,000 people in their early 60s had no idea when they could start claiming the …

Constellation Research founder Ray Wang explains how the fight between Elon Musk and OpenAI’s Sam Altman began on ‘Making Money.’ OpenAI escalated its legal battle with Elon Musk by countersuing the Tesla and xAI CEO, claiming in a lawsuit he “has tried every tool available to harm” their company.  The …

Barclays is cutting some mortgage rates below 4% starting Friday as fixed-rate offers fall more widely across the market. From tomorrow, the bank will offer a two-year fixed-rate mortgage at 3.99%, down from 4.11%. This deal is available to homebuyers with a 40% deposit and a fee of £899. A …

Dominari Securities CEO Kyle Wool reacts to a recent report that OpenAI expects their 2025 revenue to triple to $12.7 billion.  President Donald Trump said he has attracted over $7 trillion in private investment since being elected, from companies like Apple, Eli Lilly, and Stargate, as well as countries such …

Today, the FTSE is plunging again. So are stock markets around the world. Right now, everybody is a loser. Except for one asset class. It’s the world’s oldest store value, with a history dating back 4,000 years. That asset class is gold, and it’s shining right now. The gold price …

White House senior trade counselor Peter Navarro joins Making Money to explain President Donald Trumps methodical tariff strategy. President Donald Trump on Wednesday announced a 90-day pause on his “reciprocal” tariffs taking effect to allow negotiations to proceed with trading partners that hadn’t yet retaliated, which one of his main advisors …