Back-to-school a key time of year for parents to do financial homework – survey

Back-to-school a key time of year for parents to do financial homework – survey - Aviva looked at key events and milestones that can trigger people to take a fresh look at their finances.

State pension tax looms for 1 million retirees as time running out to pick a solution

An estimated one million pensioners whose sole income comes from the state pension are heading towards an unprecedented tax bill from April 2027, with "time running out" for the Labour Government to resolve the situation. The tax-free personal allowance has been stuck at £12,570 since the 2021/22 tax year and is now set to remain at that level unti...

US Treasury chief Bessent backs using US financial power as foreign policy tool

By Kanishka Singh WASHINGTON, Sept 8 (Reuters) - U.S. Treasury Secretary Scott Bessent advocated on Tuesday for Washington's use of financial power as a foreign policy tool with the goal of advancing the interests of American allies, including in financial and political situations abroad. "I believe that I can use the balance sheet of the U.S. for foreign policy. So, we have a foreign policy

ECB lifts borrowing costs amid energy shock, opens door for more hikes

The European Central Bank raised interest rates Thursday for the second time this year as renewed Middle East fighting fans fears of higher inflation, and opened the door for further hikes. Fears of higher inflation are being fanned by rising global energy prices.

The art of the deal: Decisiveness can be better than capital

After 30 years as an investment banker, Mervyn Metcalf knows that capital isn't always the most important part of a deal.

Mom saved $16,500 by stuffing $1 bills into a water jug, but investing could have grown it much more

Leslie DeVries has spent about 10 years dropping spare $1 bills into a five-gallon water jug at the back of her wardrobe. The habit has built a cash pile of roughly $16,500 (about £12,200), earmarked for the family holiday she is planning. Left in the jug, that money earned nothing. Had she funnelled the same singles into a low-cost stock index fun...

The evergreen investment strategy of the Cardiff Capital Region is bearing fruit

The commonest failure in strategy is starting with goals. A target is not a plan; it is a wish with a number attached

The triple lock is both affordable and well secured for future years, says former MP John Redwood

I have some rare good news on government finances. The triple lock on the state pension is both affordable and well secured for future years.

NASDAQ to invest $100 million in Kraken parent to deepen tokenization push

Sept 10 (Reuters) - Nasdaq said on Thursday its venture arm agreed to invest $100 million in Payward, parent company of cryptocurrency exchange ​Kraken, deepening a partnership aimed at developing infrastructure for trading tokenized equities. Established exchange operators are developing tokenized securities and related infrastructure to capture growing investor interest in blockchain-based

Bank increases interest on savings account to 5.03% and earns 'excellent' rating

Moneyfactscompare.co.uk puts out its "Pick of the Week", highlighting the latest products or rate changes to hit the market.

Money Saving Club's tips and discounts help you save money as the new school year begins

The Money Saving Club newsletter puts the latest and best money-saving tips, deals and advice in one place, straight to your inbox - perfect for anyone who wants to cut costs and save money

US inflation holds at 3.4% as monthly price rises hit fastest pace since May

US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike. View on euronews

A global war for funding is raging between states and AI giants, and debt is at an all-time high

The highest paying jobs in the world, ranked

In the world today, some jobs have absolutely incredible salaries. Determined by supply and demand as well as the level of expertise, industry trends, geographical location, and company size, these jobs are sure to impress. In this list, you'll find the top-paying jobs as well as information about each. If you're looking to make a career move, be sure to pay attention and take notes! Curious to see which career is paying the highest? Click through now to find out.

How immigrant families can build real wealth

The Fung Bros share strategies and perspectives on how immigrant families can create lasting financial security.

Keep your savings safe and secret 💰

Keep your savings safe and secret 💰!!

Healey in line for £5.6bn boost from stock market rally

John Healey is in line for a £5.6bn boost thanks to a bigger-than-expected rise in London’s stock market. The FTSE All-Share has risen by 8.3pc this year, outpacing forecasts from the Office for Budget Responsibility (OBR). The rise means the Exchequer’s revenues from stamp duty on shares and capital gains tax are expected to be above forecasts, he...

Austrian central bank says economic outlook improving, to be felt next year

VIENNA, Sept 11 (Reuters) - Austria's central bank has trimmed its economic growth forecast for the country in 2026 due to a weaker-than-expected first six months of the year, but raised it for next year as the outlook is improving, it said on Friday. In an update to its last economic forecasts published in June, the Austrian National Bank (OeNB) said it now expects gross domestic product to grow

Stocks climb but US data boosts predictions of Fed interest rate hike

Stocks climb but US data boosts predictions of Fed interest rate hike - In London, the FTSE 100 index ended up 41.52 points, 0.4%, at 10,650.44.

Surprise growth in UK economy during July – here’s why

Surprise growth in UK economy during July – here’s why -

English test: Money idioms!💰

Could you get £370 in free cash from Nationwide’s free FlexDirect account?

Those switching to Nationwide’s FlexDirect account could get up to £370 for free in their first year with the account. Should you switch?

How I manage my money: NHS nurse on £85k/year saving £750/month to pension

Trump promises $500 'Obamacare rebate' for nearly 1 million Americans weeks before midterms

President Donald Trump has announced plans to send a one-time $500 Obamacare rebate to nearly 1 million Americans, but an expert's warning about potentially higher premiums has turned the payment into a wider healthcare controversy. The Trump administration says eligible Affordable Care Act enrollees were overcharged through exchange user fees duri...

Fed chief under pressure to defy Trump with interest rate hike as soaring oil price stokes inflation

The head of the Federal Reserve is on collision course with Donald Trump after US inflation figures piled pressure on the central bank to defy the President and hike interest rates.

Oil back at $100 signals growing market war worries

There is mounting concern over the impact of intensifying hostilities in the Middle East on the global economy, as oil prices top $100 a barrel again.

How to know if you are 401(k) rich or poor

How to know if you are 401(k) rich or poor - Making 401(k) withdrawals is allowed by the IRS but dipping into retirement savings for emergencies is a bad sign

Interest rates predicted to rise four times by July

The Bank of England will be forced to raise interest rates four times over the course of the next year in the face of soaring energy prices and a resilient economy. Money market traders are betting that policymakers will push up rates from 3.75pc today to 4.75pc by July next year after official figures showed Britain’s economy grew by 0.4pc in July...

Russian central bank holds key rate steady ahead of election

By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Sept 11 (Reuters) - Russia's central bank held its benchmark interest rate at 14% on Friday, one week before a parliamentary election the Kremlin will watch closely as a gauge of public anxiety and fatigue after 4-1/2 years of war in Ukraine. The $2.6 trillion economy slowed sharply last year and is expected to grow just above zero in 2026, weighed

Oracle's quarterly revenue beats estimates as AI boom drives cloud demand

Sept 10 (Reuters) - Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen more than 20% this year, rose nearly 6% in extended trading. The upbeat report indicates that Oracle's heavy investment in

How to check if your HMRC pension refund letter is genuine – or a scam

How to check if your HMRC pension refund letter is genuine – or a scam - Thousands of lower earners who saved into workplace pensions could be eligible for about £70

Russia keeps key interest rate unchanged

The Bank of Russia retained its interest rate after series of rate reductions, as Ukraine drone attacks on oil refineries pushed up inflationary pressures. The Board of Directors decided to hold the key rate at 14.00%, as widely expected. The bank started its massive monetary policy easing in June 2025, when the interest rate was 21.00%. The board ...

How to master personal finance basics - from budgeting to planning

How to master the basics of personal finance - from budgeting to planning your future - It’s far easier to take control of your money than we’ve been led to believe – you just need a plan and some time

Which type of savings account is best for me?

Which type of savings account is best for me? - Fixed-term, easy access, ISAs and regular savers - they can all have a place in your plan

Money, money, money: which ABBA star is richest today?

We take a look at the fortunes of Agnetha Fältskog, Anni-Frid Lyngstad, Björn Ulvaeus, and Benny Andersson and discover which member of ABBA is the richest in 2025. .

Savings boost as rates hit highest level in two years - check which deals are leading the market

Savers hunting for better returns on their cash have fresh reason to act. Average fixed Isa rates have surged to levels not seen since 2024, according to data from financial information website Moneyfacts. At the start of September, the average one-year fixed Isa rate stood at 4.26 per cent. That represents the highest point since September 2024, w...

Explainer - What comes next in Italy's banking deal frenzy

By Valentina Za and Gianluca Semeraro MILAN, Sept 10 (Reuters) - The latest twist in Italy's banking takeover saga has pitted market leader Intesa Sanpaolo against the biggest winner of the shakeup so far, Monte dei Paschi di Siena (MPS). With a less concentrated banking sector than France or Spain, Italy has seen a wave of bids and counterbids since late 2024 as lenders jockey for position amid

Bonds, stocks selloff pauses as oil falls; pivotal CPI report due

By Samuel Indyk and Stella Qiu LONDON, Sept 11 (Reuters) - A selloff in global bond and equity markets paused on Friday as oil prices retreated from a four-month high, though the recent surge in energy costs continued to fuel inflation worries and expectations that central banks may need to tighten policy. Brent crude hit a four-month high of $109.97 a barrel on Friday after a 6% jump the day

North Korea spends war windfall on arms, infrastructure

The Ukraine war and Pyongyang's alliance with Moscow have delivered an economic boost to North Korea, allowing the regime to pursue a range of long-desired projects.

The key financial decisions to make from your 50s onwards

From pensions and mortgages to investments and care costs, here’s what you need to consider.

Friday briefing: Would a wealth tax save our public services or be billionaire repellent?

Morning pals, and let’s join in a heartfelt ευχαριστώ (thank you) to hedge fund billionaire Chris Rokos for the estimated £330m he paid to the UK Treasury last year, and sadly won’t be contributing in future as he’s relocating to Greece. The publicity shy tycoon (and former Tory donor) has not made explicit his reasons for leaving the UK: so one can only speculate Rokos may be drawn by the noted health benefits of the Mediterranean diet, or the...

OpenAI is launching special ChatGPT tools for bankers and financial services workers

OpenAI realizes there's money in going after specific sectors, and its latest offering is geared up for finance workers.

How cash-in-hand businesses can get stuck in the informal economy

Around 10% of the UK economy operates off the books. That means billions of pounds worth of cash-in-hand payments that never get taxed. But all of that cash isn’t necessarily being handled by career criminals. Much of it is being earned by the hard work of painters and decorators, hairdressers or landscape gardeners. Many of these workers will have...

The Trump dividend: What $5,000 would cost and what it could cover

What would Trump’s proposed $5,000 dividend buy — and could the US afford its estimated $1.2 trillion cost? View on euronews

California loses $4 billion a year to interest - one American state found another way

California reportedly pays about $4 billion in interest each year as cities and the state rely on private banks to finance housing, bridges and infrastructure. North Dakota created a publicly owned bank in 1919 after local farmers faced pressure from out-of-state lenders, and it has since returned hundreds of millions of dollars to the state’s general fund. Supporters argue that public banking could keep tax revenue inside local communities, lower financing costs and provide emergency loans without waiting for federal aid.

If compound interest is so powerful, why aren’t we all millionaires? “The reality is more complicated”

Compound interest is often sold as a simple route to wealth: save consistently, invest the money and eventually exponential growth will make you rich. But this video argues that real economic life gets in the way, from years spent studying and retiring to rising housing, food and energy costs that leave many workers with little or nothing to invest. More importantly, compound returns work very differently for people who already own enormous amounts of wealth, allowing them to increasingly outbid ordinary families for houses, land and other assets. The promise sounds irresistible, but there is one uncomfortable question at its heart — “If it’s so easy to become a millionaire, why is such a small minority of people actually millionaires?”

World's richest club takes on Italy's wealthiest: Real beat Inter 7.7 billion to 2.1

Business valuations for Real Madrid and Inter highlight Serie A's lag behind Europe's elite, yet both clubs are profitable.

Tax on second incomes: Everything you need to know

Tax on second incomes: Everything you need to know from thresholds to which earnings count - Whether you’re making extra cash delivering takeaways, taxi-driving, creating content or anything else, you need to know the rules which apply

61% of Americans fear they'll never save enough for retirement despite working for decades

The bargain used to be straightforward. Work for decades, pay into a pension or a 401(k), and retire with enough to live on. A clear majority of Americans no longer trust that their side of the deal will pay off. More than six in ten (61%) say they are worried they will not reach financial security in retirement, according to 'Retirement Insecurity...

Five money moves you might be tempted to make before the budget – but shouldn’t