Business

Rules are changing next year (Image: MarioGuti via Getty Images)Thousands of savers were "within touching distance" of becoming ISA millionaires in 2023, according to a money app, with many likely to have now crossed this threshold to join more than 5,000 million-pound ISA holders.Plum secured the data through a freedom of information request (FOI) to HM Revenue and Customs. HMRC has said approximately 5,070 people had ISA accounts worth £1 million-plus by April 2023.In response to a subsequent FOI request from Plum, HMRC said 1,240 ISA holders had accounts worth £950,000 to £999,999 in the year 2022-23 and 1,530 had accounts worth £900,000 to £949,999. Some 4,700 ISA holders had accounts valued at £800,000 to £899,999.Plum said the delay in the data and stock market performance in rece...

More than 2.7m Premium Bond prizes have not been claimed (Image: NS&I)NS&I savers have been urged to check their Premium Bonds numbers to make sure they aren’t missing out on winnings worth thousands of pounds. As of March, more than 2.7million Premium Bonds prizes worth more than £116million are left to be claimed, National Savings and Investments (NS&I) has said.This includes 10 prizes worth £100,000, 23 prizes worth £50,000, 59 prizes worth £25,000, and 94 prizes of £10,000. NS&I said: "You never need to worry about an unclaimed prize. We’ll hold on to it until you get in touch with us. And there’s no time limit to make your claim. Just log in to view your prize history, or use our prize checker to see if you have any prizes you don't know about yet." Read more: Pre...

Look after your pennies first, then the pounds will look after themselves (Image: Jenner Images via Getty Images)With household bills rising, expenses mounting, and every penny being squeezed further, countless British families are searching for simple ways to cut costs. The persistent cost-of-living crisis has made budgeting a daily challenge, but are there any strategies that actually work?Enter Mel Robbins. The New York Times bestselling author may have uncovered exactly the solution needed - a method she claims is surprisingly simple, yet could completely revolutionise your approach to saving. In a viral TikTok from The Mel Robbins Podcast, she revealed all. "We often act as if money won't run out, or that emergencies are someone else's problem," states Robbins, speaking with guest ...

La légère hausse des taux de janvier est-elle déjà derrière nous ? Après une stabilisation en février, les taux des crédits immobiliers s’affichent en baisse en ce début de mois de mars. C’est ce qui ressort des barèmes bancaires reçus par les courtiers comme Vousfinancer, qui confirme une diminution chez la majorité des établissements, de l’ordre de 0,10 à 0,40 point. Les taux moyens s’affichent ainsi à 3,15 % sur quinze ans, 3,35 % sur vingt ans et 3,55 % sur vingt-cinq ans. Alors que la légère inflexion de début d’année semblait marquer l’ajustement des banques à la remontée de l’OAT (obligation assimilable du Trésor) dix ans, qui sert à la fixation des taux de crédits immobiliers, les barèmes de mars semblent témoigner de la véritable stratégie des établissemen...

Morgan Stanley Private Wealth Management’s Chris Toomey shares his thoughts on the future of investment in artificial intelligence and compares the market now to the end of the 20th Century on ‘Barron’s Roundtable.’ Morgan Stanley, one of the world’s largest investment banks, is cutting 3% of its workforce, roughly 2,500 employees, across all business divisions. The job cuts impacted Morgan Stanley’s three major divisions — investment banking and trading, wealth management and investment management — but not its financial advisors, FOX Business confirmed.The cuts were based on business priorities, location strategy and individual performance, and the bank plans on adding resources in other areas. The layoffs were first reported by The Wall Street Journal. JACK DORSEY CUTS NEARLY HA...

Partnership for New York City president and CEO Steve Fulop discusses the city’s budget shortfall and Mayor Zohran Mamdani’s proposed property tax hike on ‘The Claman Countdown.’ The longtime Manhattan residence of the late Ivana Trump has finally traded hands, but at a price that reflects a sobering reality for New York City’s luxury real estate market. Property records show the opulent Upper East Side townhouse sold on Feb. 27 for $14 million, the Wall Street Journal reported. It’s a $12.5 million price cut from the original $26.5 million asking price set shortly after the businesswoman's death in 2022.The $14 million sale comes after three price cuts over the past three years. Even with the massive discount, the estate saw a $2.5 million return from what Ivana originally paid in...

O'Leary Ventures Chairman Kevin O'Leary explains why city-run grocery stores are a 'bad idea,' shares concerns over Zohran Mamdani's promises and discusses why he backs Bitzero. American shoppers are being urged to check their freezers after nearly 37 million pounds of frozen food products were recalled over concerns they may be contaminated with glass. Ajinomoto Foods North America has expanded last month’s recall to include an additional 33,617,045 pounds of frozen ready-to-eat and not-ready-to-eat chicken and pork fried rice, ramen and shumai dumpling products, according to a notice issued Tuesday by the Department of Agriculture’s Food Safety and Inspection Service (FSIS).The Oregon-based company initially announced it was recalling 3,370,530 pounds of frozen chicken fried rice...

Millions of Universal Credit claimants will face a delay in receiving higher payments - despite rates increasing in April.The Universal Credit standard allowance - the sum you're entitled to before any deductions or additional elements are factored in - will increase above inflation from April 13.For a single claimant aged over 25, their monthly standard allowance will increase from £400.14 to £424.90. However, as Universal Credit is paid in arrears, claimants won't see the pay rise reflected until June.The enhanced rates will only apply to Universal Credit assessment periods that commenced on or after April 13. Universal Credit payments are issued a week following the final date of each assessment period - meaning the new rates won't come into effect until June payments.Your assessment...

Stockbrokers.com director of investor research Jessica Inskip discusses investor overthinking, Apple's ChatGPT moment and CME's prediction market play on 'Making Money.'  Apple is expanding its product lineup with a lower-priced iPhone. The California-based tech giant on Monday introduced the iPhone 17e, a more affordable addition to its iPhone 17 family, starting at $599. The device is available in black, white and soft pink.The iPhone 17e starts with 256GB of storage, doubling the base capacity of the previous generation at the same starting price. APPLE IMPLEMENTING AGE VERIFICATION TOOL TO ENSURE USERS ARE 18 AND UP FOR SOME APPS A view of the new Apple iPhone 17e, which starts at $599. (Apple Inc.)The device runs on Apple's newest A19 chip and features the company’s new C...

Millions of motorists are being warned they could face problems if they fail to update key paperwork.The Driver and Vehicle Licensing Agency (DVLA) has issued a reminder that drivers must change their address details across multiple documents – not just their driving licence.The alert highlights four separate records that may need amending to avoid administrative headaches. With millions of home moves taking place each year, motorists are being urged to double-check their paperwork to avoid delays, missed notices or potential penalties.In a post on X, the agency said: "Moved home? You must update your:Driving licenceVehicle log book (V5C)Direct Debit for vehicle taxPrivate number plate documents”Driving licenceDrivers must update both provisional and full licences when they move home. A...