Business

'The Big Money Show' co-host Brian Brenberg weighs in on the change in costs since January 2021 and on the release of the April CPI. Home, energy, car and childcare costs have all increased since President Biden took office and there is no end in sight as inflation remains stubbornly high. The latest consumer price index (CPI) report showed inflation eased slightly in April, rising only 0.3% when economists had expected a 0.4% increase. President Biden welcomed news that core inflation "fell to its lowest level in three years," but acknowledged "we have a lot more to do." "Prices are still too high — so my agenda will give families breathing room by building two million new homes to lower housing costs, taking on Big Pharma to lower prescription drug prices, and calling on grocery ...

The Department for Work and Pensions (DWP) has made a grovelling apology after it demanded a dementia-stricken pensioner aged 93 to refund over £7,000. Its remorse came after the elderly lady failed to disclose a change in her circumstances five years back.In a shocking twist, the authorities ordered the unnamed lady, who suffers from advanced stages of Parkinson's Disease and dementia, to repay an astonishing amount she obtained from the severe disability premium of Pension Credit between 2019 and 2022.The drama unfolded as her daughter, Rose Chitseko commenced claiming Carer's Allowance in 2019 when the old woman became incapacitated to take care of herself, the Mirror reports.Bearing in mind the stipulated terms, this denoted that Rose's mother was then no longer fit to claim the dis...

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The latest private student loan interest rates from the Credible marketplace, updated weekly. (iStock) During the week of May 6, 2024, average private student loan rates increased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and decreased for 5-year variable-rate loans. 10-year fixed rate: 8.14%, up from 7.32% the week before, +0.825-year variable rate: 8.54%, down from 9.60% the week before, -1.06Through Credible, you...

While leader Keir Starmer and shadow chancellor Rachel Reeves are reluctant to release too much detail in case it scares the voters, we do know one thing. They are hellbent on reversing a recent pensions tax break introduced by chancellor Jeremy Hunt.In his Budget in March 2023, Hunt announced that he would scrap the pensions lifetime allowance (LTA) from April this year.It was a sensible move, one that the Daily Express had been demanding for years.The lifetime allowance slaps a brutal 55 percent charge on anybody who works hard and saves a decent-sized sum for their retirement.This brutal levy kicks in at a totally arbitrary level of £1,073,100. It used to be much higher but was repeatedly cut by chancellors desperate to raise cash from hard-working voters.As most pension savers will ...

University of North Carolina Chapel Hill Board of Trustee Marty Kotis reacts to the college’s controversial decision to reallocate DEI funding for campus police.  An Ohio bar's new policy banning customers under 30 years old on weekends has sparked a heated debate on the business's social media account. "Starting this weekend! 30 & up on Friday and Saturday nights. Cover charge starts at 10PM, and the doors close at 1:15 A.M. No exceptions!" Donerick’s Pub in Groveport announced May 1 on its Facebook page. The business owner did not explain what the reason for the change was. However, in replies under the post, the bar said the new policy was to enforce safety after experiencing a surge in customers on weekends. "Keeping our customers safe is our top priority!" it added. PENNSY...

Public Ventures president and chief market strategist Lou Basenese argues AI will be the backbone of everything digitally motivated on ‘The Big Money Show.’ The emergence of artificial intelligence (AI) is hitting the global labor force "like a tsunami" according to International Monetary Fund Managing Director Kristalina Georgieva. AI is likely to impact 60% of jobs in advanced economies and 40% of jobs around the world, Georgieva said in remarks Monday at an event in Zurich that was organized by the Swiss Institute of International Studies. "We have very little time to get people ready for it, businesses ready for it," Georgieva said. "It could bring tremendous increase in productivity if we manage it well, but it can also lead to more misinformation and, of course, more inequali...

Check out what's clicking on FoxBusiness.com The NFL has not been shy in its pursuit of making its games as widely available as possible. On Wednesday, the league took another step toward its goal by striking a three-year deal with streaming giant Netflix. The NFL's 2024 Christmas Day doubleheader will be available exclusively to Netflix subscribers at no extra cost. The Pittsburgh Steelers will host the reigning two-time Kansas City Chiefs in one of the two holiday games, according to Bleacher Report.The Christmas Day matchups will be officially announced when the NFL releases its full schedule on Wednesday evening. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM The NFL and Netflix logos. (Getty Images)Netflix also earned the rights to stream at least one holiday game...

Bonne nouvelle pour les emprunteurs : ils sont à nouveau en position de force pour négocier les modalités de leur crédit immobilier. Les banques sont toutes de retour sur ce créneau, mais elles ne sont pas débordées par le nombre de demandes, qui reste faible dans un marché immobilier au ralenti. Attention, cela ne signifie pas qu’elles sont prêtes à faire des concessions sur leurs exigences. Au contraire, la notion de risque demeure fondamentale, le scénario catastrophe pour une banque étant celui d’un acheteur ne parvenant pas à rembourser ses mensualités. « Les meilleurs dossiers peuvent faire valoir leurs arguments et obtiennent, dans certains établissements, des décotes allant jusqu’à 0,50 point par rapport au barème affiché », note Cécile Roquelaure...

Former FCC Chairman Ajit Pai explains how the TikTok bill is likely to transpire and how a change of political party control could influence the regulatory environment. Billionaire Frank McCourt is organizing a consortium of investors to purchase TikTok from its China-based parent company, ByteDance, as the social media platform faces a potential ban in the U.S. due to national security concerns if it isn't divested. McCourt, executive chairman of McCourt Global and founder of Project Liberty, announced that Project Liberty is organizing a "people's bid" to buy TikTok that would aim to put people and data empowerment at the forefront of the video app's design and purpose. Project Liberty is working on the bid with Guggenheim Securities and law firm Kirkland & Ellis, as well as ...

Maryland Motor Truck Association President and CEO Louis Campion on the recovery and impact to the trucking industry from the Francis Scott Key Bridge collapse. Royal Caribbean International plans to resume cruises out of Baltimore, Maryland, later this month, now that the channel in and out of the busy port was reopened on Tuesday to a depth of up to 45 feet. The news comes nearly two months after the container ship Dali crashed into a support of the Francis Scott Key Bridge on March 26, sending the structure smashing into the Patapsco River below, and on top of the vessel.On Monday, crews used explosives to break apart the largest remaining piece of the bridge resting on top of the Dali, causing the mangled metal to fall into the water. Crews were expected to assess the remaining...