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ISA savers have been urged to use up their allowances (Image: Getty)Savers have been urged to take action now ahead of a crucial cut-off point. A savings expert has also warned that people often misunderstand the rules around savings and could needlessly be paying tax as a result.The end of the tax year on April 5 marks the final date when you can use your ISA allowance for the current year. This allows you to deposit up to £20,000 a year into these tax-free accounts.You can use the allowance as you decide divided between stocks and shares ISAs and cash ISAs, although these rules are changing soon. From April 2027, you will only be able to use up to £12,000 of the allowance as you choose, while the remaining £8,000 will have to be used for investment-based accounts.Savers aged 65 and ov...

Barrons Roundtable panelists analyze the state of the U.S. economy following Operation Epic Fury. The federal budget deficit topped $1 trillion in the first five months of fiscal year 2026, as the U.S. government is on pace to record another massive deficit. The nonpartisan Congressional Budget Office (CBO) reported that the federal budget deficit was just over $1 trillion through five months of fiscal year 2026, with the size of the deficit down $142 billion or 14% when compared with the same period in fiscal year 2025.CBO noted that federal spending was just over $3.1 trillion in the first five months of fiscal year 2026, up $64 billion, or 2%, from the same period a year ago. Federal tax revenue collected jumped $206 billion, or 11%, when compared with last year and totaled near...

Former JP Morgan Chase chief economist Anthony Chan breaks down the run up in oil prices on 'Varney & Co.' Federal Reserve policymakers are monitoring the conflict with Iran for its potential impact on inflation and consumer prices, as energy prices have jumped since the outbreak of hostilities. Oil prices briefly surged over $100 a barrel amid fears of supply disruptions caused by the conflict with Iran, which threatens to stem the flow of oil from the Persian Gulf through the Strait of Hormuz. Gasoline prices at the pump have also risen for consumers since the outset of the conflict, which could push inflation data higher and complicate potential interest rate cuts by Federal Reserve policymakers. New York Fed President John Williams said last week that while there is uncerta...

For those wondering about the state of play for oil prices, gasoline, and stocks, here’s what President Trump said this afternoon: "I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force." And that America is "very far" ahead of his initial four-week to five-week estimated time frame. Soon after the President’s statement, oil fell to $85 a barrel after topping $100 a barrel earlier in the day and stocks ended up rising more than 200 points.And I have faith in him and his initial judgements, which have been superb. And I also have faith in the American people to stand behind Mr. Trump’s epic fury in order to change the course of history, and completely shift the international landscape and change the world’s balance of power in fa...

The founder of Octopus Energy has urged Brits to do one thing now amid the "second gas crisis in four years". Greg Jackson said the simple task will save you money, and it takes less than a minute to do.It comes as the price of oil and gas has skyrocketed, following conflict in the Middle East, triggered by the US and Israel's "massive" and ongoing attacks on Iran on February 28. Today the price of oil soared above $100 a barrel for the first time since 2022, while UK natural gas futures surged above 145 pence per therm, the highest since January 2023, according to Trading Economics.On Monday, Sir Keir Starmer warned that the longer the conflict with Iran goes on, "the more likely the impact on our economy".Sky News asked Mr Jackson for any advice consumers could implement now as we hea...

Check out what's clicking on FoxBusiness.com. Ford is recalling nearly 1.74 million vehicles in the U.S. due to software problems that can affect rearview camera displays, according to notices published this week by the National Highway Traffic Safety Administration (NHTSA). One recall covers 849,310 2021–2026 Ford Broncos and 2021–2024 Ford Edges, which may experience overheating in its Accessory Protocol Interface Module (APIM). The issue can cause the rearview camera image not to appear when the vehicle is in reverse."A rear-view camera that does not display an image while in reverse gear can reduce the driver's view of what is behind the vehicle, increasing the risk of a crash," the NHTSA alert warned. A separate recall impacts 889,950 vehicles, including 2020-2022 Ford Escapes...

A ‘Barron’s Roundtable’ panel analyzes the Iran conflict, its impact on crude prices and shipping through the Strait of Hormuz. The ongoing conflict in the Middle East has sent oil prices soaring and has prompted G7 leaders to consider the potential release of emergency oil reserves to provide relief to consumers facing higher gasoline prices. Gas prices have risen in response to the rapid increase in oil prices, with the national average price of gas rising from $3 a gallon last week to $3.48 a gallon on Monday, according to AAA data. Oil futures have surged over 48% in the last month after trading in the range of $60-70 a barrel during February to over $95 on Monday, when futures prices were briefly above $115 before declining.French finance minister Roland Lescure on Monday told...

GE Aerospace CEO and Chairman Larry Culp joins 'Mornings with Maria' to discuss the company's investment in U.S. manufacturing to accelerate engine deliveries and strengthen defense production. GE Aerospace is pouring $1 billion into its U.S. manufacturing footprint as the company races to meet what CEO Larry Culp calls "tremendous demand," with nearly $200 billion in backlog and engine orders accelerating across commercial aviation and defense. "People are flying, airlines [are] looking to expand and modernize, as is the U.S. Military and our allies around the world and, given the install base that we have, both in commercial and on the military side of things, we could not be busier," Culp said in a FOX Business exclusive, adding, "but happily so."Culp joined "Mornings with Maria...

Altimeter Capital founder, Chairman and CEO Brad Gerstner discusses the benefits of Trump Accounts for kids on Mornings with Maria. The IRS and Treasury Department on Friday put forward new proposed rules and processes that cover the implementation of Trump Accounts for parents and guardians who want to use the savings accounts for their children. Trump Accounts were created under the One Big Beautiful Bill Act that was enacted last year and is expected to open for contributions after July 4, 2026. Ahead of the official launch of the accounts – which may be opened for children born between Jan. 1, 2025, and Dec. 31, 2028, as well as those born before 2025 who are under the age of 18 – the IRS and Treasury Department have to finalize regulations for the accounts.The newly proposed r...

The new rates have come into action at Nationwide now, the high street chain has announced (Image: Getty Images)Nationwide Building Society has revealed a significant update for account holders from this morning. Customers with ISA and savings accounts have been informed of adjustments to the interest rates.The revised rates have taken effect immediately, the high street provider has confirmed. Richard Stocker, Head of Savings, said: "We're pleased to be increasing rates across our ISAs and our instant access savings product, giving members even more long‐term value and meaningful benefits. Combined with our Branch Promise, we're proud to be bringing even more value to the high street, further demonstrating our commitment to offering positive, competitive rates for our members."The Soc...