If you’re an energy customer, you may be sitting on a hidden savings pot you didn’t know you had. Except, it’s not earning you interest, and you didn’t open it. It’s the pile of credit that could be building up with your energy supplier. According to Uswitch, UK energy companies …
Read More »Treasury Chief Scott Bessent says ‘remains to be seen’ if Trump tax bill adds to national debt
Treasury Secretary Scott Bessent testified at a House Ways & Means Committee hearing on Wednesday. Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump’s “one big, beautiful bill” may add to the $36 trillion national debt. Bessent appeared before the House Ways & Means Committee …
Read More »Rachel Reeves told she’s forgotten 2 big groups in winter fuel U-turn | Personal Finance | Finance
A charity has called for “further action” after the Chancellor reinstated the winter fuel payment for more than nine million pensioners. In a partial £1.25billion U-turn, Ms Reeves announced plans to widen the eligibility criteria for the benefit this winter, allowing all state pensioners with an income of £35,000 or …
Read More »May CPI: Inflation ticked slightly higher on an annual basis last month
KraneShares Chief Investment Officer Brendan Ahern discusses Chinese stocks, inflation rates and more on ‘The Claman Countdown.’ Inflation increased slightly in May and remained above the Federal Reserve’s target rate ahead of the central bank’s next meeting this month. The Bureau of Labor Statistics on Wednesday said that the consumer …
Read More »Rachel Reeves just blew £600billion – this autumn YOU get the bill | Personal Finance | Finance
Labour Chancellors are particularly good at it. Today’s Spending Review was Reeves’s first big opportunity to cut loose. Spending public money is always more fun than the hard work of saving it, as she’s already discovered to her cost. Axing the winter fuel payment and trimming disability benefits sparked uproar …
Read More »US, China have agreed on ‘framework to implement’ trade deal, Lutnick announces
FOX Business White House correspondent Edward Lawrence asks Commerce Secretary Howard Lutnick and U.S. trade representative Jamieson Greer about China trade deal. The U.S. and China have reached a “framework” to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. Trump …
Read More »Hidden tech means priciest car repairs are under the bonnet | Personal Finance | Finance
A surge in high-tech features in today’s cars means it’s not battered bumpers or dented doors racking up repair bills – but the wiring. According to new data from AA Accident Assist, the most frequently repaired part of a crash-damaged car is not visible from the outside at all. Rather …
Read More »Goldman Sachs: Higher SALT cap won’t keep wealthy in NY, California
The Heritage Foundation chief economist EJ Antoni weighs in on soaring Treasury yields and discusses what lawmakers should prioritize in President Donald Trump’s “big, beautiful bill” on “The Bottom Line.” A new analysis by Goldman Sachs finds that while lawmakers in Congress are weighing a higher cap on the state and …
Read More »Barclays and HSBC customers could be around £288 worse off | Personal Finance | Finance
Home buyers face fresh mortgage misery as Barclays becomes the latest high street bank to hike rates – adding an average of 0.2% across its fixed-rate range. The rise, which mirrors increases brought in by HSBC, will heap further pressure on already-stretched household budgets. It comes just hours after NatWest …
Read More »DOGE hails millions in savings from canceled contracts
Rep. Pat Fallon, R-Texas, discusses DOGE cuts and Bill Gates’ reported feud with Elon Musk on ‘The Bottom Line.’ The Department of Government Efficiency announced in a Monday post on X that agencies had recently nixed “111 wasteful contracts,” resulting in millions of dollars in savings. “Great work by agencies …
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