Business

23andMe has filed for bankruptcy, says customer data is safe
Business

23andMe has filed for bankruptcy, says customer data is safe

‘Barron’s Roundtable’ panelists discuss the latest headlines around 23andMe and share top stock picks. Genetic testing company 23andMe filed for Chapter 11 bankruptcy protection to help the $50 million company sell itself, the company announced Sunday. 23andMe's saliva-based kits have been helping customers learn about their ancestry since 2006, and the company said it will continue operating while the bankruptcy court facilitates the sale process.News of the move raised concerns about how the personal data of millions of 23andMe customers will be handled.  California Attorney General Rob Bonta issued a "consumer alert" regarding the "trove of sensitive consumer data 23andMe has amassed," reminding Californians that they have the right to direct the company to delete their genetic ...
UK has highest property taxes of developed nations – and going up | Personal Finance | Finance
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UK has highest property taxes of developed nations – and going up | Personal Finance | Finance

The UK now has the highest property taxes of any developed nation, according to a new analysis, with households and businesses bracing for increased bills starting next week.In the 2023/24 tax year, the UK's property tax burden - encompassing council tax, business rates, and stamp duty - was 3.7% of its gross domestic product (GDP). This rate is the highest among advanced economies, surpassing other nations like Luxembourg, France, and Canada, which all had property tax burdens ranging between 3.4% and 3.5%, according to research by tax and software firm Ryan, using data from the Organisation for Economic Cooperation and Development (OECD). Korea placed fifth at 3.3%.Israel, which had previously held the top spot for property taxes, dropped to sixth place with a ratio of 3.2%. The UK’s ...
Twitter bird sign from former San Francisco HQ sells for nearly $35K at auction
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Twitter bird sign from former San Francisco HQ sells for nearly $35K at auction

Check out what's clicking on FoxBusiness.com. Twitter's bird logo sign, which was removed from the company's former San Francisco headquarters when Elon Musk rebranded it to X, was auctioned off for nearly $35,000. RR Auction said the sign of the iconic bird logo sold for $34,375 after bidding ended last week, coming short of its estimated worth of $40,000. The name of the buyer was not disclosed by the auction house, which deals in "rare and collectible items."The sign weighed approximately 560 pounds and measured about 12 feet by 9 feet. ELON MUSK SOUNDS OFF ABOUT TESLA DRIVERS REPORTEDLY GIVEN LOW UBER RATINGS AMID NATIONWIDE PROTESTS Twitter's bird logo, which was removed from the company's former San Francisco headquarters following Elon Musk's purchase and rebrand of the...
Leeds Building society increases rate on popular Cash ISA to 4.41% | Personal Finance | Finance
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Leeds Building society increases rate on popular Cash ISA to 4.41% | Personal Finance | Finance

Leeds Building Society has announced an interest rate increase on its Online Access Cash ISA to 4.41%. The change comes as the mutual released new data showing 58% of people have never switched ISAs, with 35% of those stating they don't know how. However, this could mean they’ve been missing out on higher returns.Catherine Wray, senior manager for savings at Leeds Building Society, said: “Cash ISAs are as popular as ever with our members. In 2024, we saw a huge increase in demand for cash ISAs, and new ISA account openings were four times higher than in 2020. As we approach the tax year end, it’s an important time for savers to look at their accounts and ensure their money is working as hard as possible for them.”Savers can launch the account online with a minimum deposit of £1,000. Int...
BBC TV licence fee could be scrapped for pensioners under new plan | Personal Finance | Finance
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BBC TV licence fee could be scrapped for pensioners under new plan | Personal Finance | Finance

An online petition calling for the abolition of the BBC TV licence fee for everyone over the State Pension age has garnered almost 43,000 signatures, despite a response from the UK Government at the end of January.From April 1, households will see a rise in the TV licence fee from £169.50 to £174.50, alongside hikes in energy bills, Council Tax, broadband and mobile phone packages, and streaming entertainment services.Michael Thompson, the creator of the petition, contends that given the escalating costs of food and utilities, there is a "desperate need to provide all pensioners with at least this concession" of not having to pay for the TV licence.In its written reply on the petitions-parliament website, the Department for Culture, Media and Sport (DCMS) neither outrightly dismissed th...
10 ways to make the most out of retirement | UK | News
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10 ways to make the most out of retirement | UK | News

Enjoy living the life you want to in retirement (Image: Getty Images)All of the following businesses have paid to feature in this article.For many people, retirement can be their golden years - a time to finally kick back, relax and enjoy the fruits of all their hard work.Whether you're dreaming of travelling the world, picking up new hobbies, or simply enjoying the peace of life without work, there's a lot you can do now to make your retirement as fulfilling and rewarding as you've always imagined.From financial planning to lifestyle adjustments, here are some tips and ideas to help you make the most of this new chapter in life.Make use of money built up in your homeAdvisers at Crabtree Later Life Mortgages can help (Image: Shutterstock)If you require funds and are a homeowner aged 55 ...
Segway issues wide-ranging recall involving 220,000 units, cites injuries
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Segway issues wide-ranging recall involving 220,000 units, cites injuries

Check out what's clicking on FoxBusiness.com. Nearly a quarter million Segway scooters are being recalled due to safety hazards, according to officials. The recall was announced by the U.S. Consumer Product Safety Commission (CPSC) on Thursday. The recall pertains to all 220,000 units of the Segway Ninebot Max G30P and Max G30LP KickScooters.According to the CPSC, the recall was issued due to the models' folding mechanism, which may be faulty. "The folding mechanism can fail and cause the handlebars or stem to fold while the scooter is in use, posing a fall hazard to consumers," the notice said. OYSTER CRACKER RECALL: FDA ESCALATES RECALL TO CLASS II AMID POTENTIAL PRESENCE OF 'FOREIGN MATERIAL'  The Segway Max G30LP KickScooter, pictured here, is one of two scooter models that...
Coffee consumers may see rising prices for their morning kick
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Coffee consumers may see rising prices for their morning kick

U.S. Secretary of Agriculture Brooke Rollins on the impact President Trump's tariffs could have on farmers, retaliatory tariffs from China, Chinese-owned farmland and the price of eggs. Americans can expect the price of their daily cup of java to stretch their wallet a bit more than usual as a litany of factors impacting the global supply chain result in rising prices.  In February, wholesale arabica coffee prices shattered its previous record at $4.30 a pound – double the price from last year – according to futures contracts traded in New York. Now, coffee roasters who took their chances in the futures markets are feeling the burn, and could pass the price off to customers. Traditionally, companies invest in the futures market in hopes of securing a lower cost, but coffee prices j...
Copper demand continues to rise as prices boom
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Copper demand continues to rise as prices boom

Clayton Walker, chief operating officer for Rio Tinto’s copper product group, on the need for more copper mines and production in the U.S. Herriman, UTAH – The demand for copper in the U.S. is set to double in the next 10 years – but the nation lacks the production to meet that demand unless steps are taken to ease restrictions on new mines.  President Donald Trump hopes to change this after signing an executive order on Thursday to increase American mineral production."The United States possesses vast mineral resources that can create jobs, fuel prosperity, and significantly reduce our reliance on foreign nations," the order reads. "The United States was once the world’s largest producer of lucrative minerals, but overbearing Federal regulation has eroded our Nation’s mineral prod...
Fury as benefit claimants given free electric car chargers worth ‘up to £800’ | Personal Finance | Finance
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Fury as benefit claimants given free electric car chargers worth ‘up to £800’ | Personal Finance | Finance

A scheme which provides cars to disabled people is being used to prop up sales of electric vehicles (EVs) and is ripping off the taxpayer, according to Reform MP and deputy leader Richard Tice. It was reported in The Telegraph that Motability has installed more than 66,000 charging points free of charge at the homes of disabled people, who exchange their benefits to lease its vehicles.Now Mr Tice said had expressed his fury at the scheme which he said started off as "well-intentioned" but has now morphed into something else. He said “The whole Motability scheme was well-intentioned and had the right ambitions when it started out but it has now basically been hijacked and is being used and abused by a whole load of freeloaders."Motability, has been helping disabled people access cars for...