business news

As more people go cashless, here’s how much money to keep in your wallet

Cold, hard cash could be going by the wayside for many Americans when it comes to routine transactions like paying for groceries or gas. Even so, it’s still important to keep some cash in your wallet, experts say. The cashless economy trend is not necessarily new, but it is gaining momentum, according to new research …

As more people go cashless, here’s how much money to keep in your wallet Read More »

Millions of Brits set to pay more in stealthy taxes despite cuts, study finds

British Prime Minster Liz Truss’ government has committed to freezing the threshold on the tax-free personal allowance until 2025-26, essentially pushing more workers into a higher tax bracket over time. Jacob King | Pa Images | Getty Images LONDON – Millions of UK workers are set to pay more in “stealthy” taxes over the coming …

Millions of Brits set to pay more in stealthy taxes despite cuts, study finds Read More »

Britain’s shadow banking system is raising serious concerns after bond market storm

Analysts are concerned about a knock-on effect to the UK’s shadow banking sector in the event of a sudden rise in interest rates. Photo by Richard Baker | In Pictures | Getty Images LONDON – After last week’s chaos in British bond markets following the government’s Sep. 23 “mini-budget,” analysts are sounding the alarm on …

Britain’s shadow banking system is raising serious concerns after bond market storm Read More »

Key Democrat outlines 5 priorities for $ 80 billion in IRS funding

Senate Finance Committee Chairman Ron Wyden, D-Ore., Questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., Has outlined five priorities for the nearly $ 80 billion in IRS funding enacted in August through the Inflation Reduction Act. Wyden shared expectations …

Key Democrat outlines 5 priorities for $ 80 billion in IRS funding Read More »

CNBC ranks the top-rated financial advisory firms of 2022

Finding the right financial advisor to help with your financial needs and goals can be a very complicated process. There are so many things to consider. Every financial advisor has their own area of ‚Äč‚Äčexpertise. The services provided by financial advisors will vary based on the type of advisor but, overall, a financial advisor will …

CNBC ranks the top-rated financial advisory firms of 2022 Read More »

Mortgage mayhem sparks fears of a housing market crash in Britain

UK mortgage rates have skyrocketed since Finance Minister Kwasi Kwarteng’s mini-budget on Sept. 23, prompting banks to pull mortgage products threatening a deepen an expected housing market downturn. Dan Kitwood | Getty Images LONDON – There are growing fears of a housing market crash in the UK, after a swathe of tax cuts announced by …

Mortgage mayhem sparks fears of a housing market crash in Britain Read More »

European markets climb as global markets rally; Stoxx 600 up 1.6%

Stocks on the move: Greggs, Accelleron up 5% Shares of British bakery chain Greggs gained 5.6% in early trade after reporting a rise in quarterly sales despite the deepening cost of living crisis and plummeting consumer confidence in the UK Accelleron shares added 5% as investors picked up the stock at a discount following the …

European markets climb as global markets rally; Stoxx 600 up 1.6% Read More »