Business

Keir Starmer finally unites UK – Labour are finished for generations | Personal Finance | Finance
Business

Keir Starmer finally unites UK – Labour are finished for generations | Personal Finance | Finance

In his first speech after the election, Sir Keir Starmer said Labour would unite the nation around the “common good” and build a new Britain based on “dignity and respect”, where everyone feels valued. High-minded stuff. Unfortunately for him, that isn’t what the country is uniting around. Starmer has brought us together in a far earthier way.This new unity can be found wherever Britons gather in numbers, and lift their voices in song to Sir Keir. During the world darts championships London’s Alexandra Palace, every voice rises as one. But it’s not confined to Ally Pally. The same tune can be heard at football matches, nightclubs, music festivals and concerts. It crosses the political divide.The chant is now so stirring that even the left-wing Guardian newspaper is celebrating its power...
Supreme Court unlikely to back President Donald Trump tariffs, traders bet
Business

Supreme Court unlikely to back President Donald Trump tariffs, traders bet

Former Deputy Assistant Attorney General John Yoo analyzes the Supreme Court's delay on President Donald Trump's tariffs and discusses the complexities of a potential refund process on ‘Kudlow.’ Traders on prediction platforms Kalshi and Polymarket are betting that the nation’s highest court is unlikely to rule in favor of President Donald Trump's tariffs. Traders on Kalshi now give a nearly 32% chance that the Supreme Court will side with Trump’s tariff plan, down 14 points after oral arguments in November signaled potential skepticism from the justices.The trading volume, or the total dollar amount wagered on this market, is a little more than $3 million. TRUMP DEFENDS TARIFFS, SAYS US HAS BEEN ‘THE KING OF BEING SCREWED’ BY TRADE IMBALANCE Online prediction market Kalshi tr...
Lloyds Bank giving out £250 to customers before February 3 | Personal Finance | Finance
Business

Lloyds Bank giving out £250 to customers before February 3 | Personal Finance | Finance

Lloyds Bank is giving out a free £250 cash payment to customers who make a simple switch before February 3.The freebie comes as part of a New Year switching deal which rewards both new and existing customers who switch from another bank to a new Club Lloyds account between now and Tuesday, February 3, 2026. Customers must make the switch to a Club Lloyds account, which includes Club Lloyds Platinum and Club Lloyds Silver, using the Current Account Switch Service before the offer ends early next month.The switch can be started via the Lloyds app or online and the £250 reward will be paid within 30 days of the switch completing.Club Lloyds comes with access to exclusive offers on other products, including the Club Lloyds Monthly Saver paying 6.25% gross/AER interest, where customers can s...
Governor Gavin Newsom warns proposed wealth tax damages California economy
Business

Governor Gavin Newsom warns proposed wealth tax damages California economy

‘The Big Money Show’ panel reacts to billionaires fleeing California as Gov. Gavin Newsom’s proposed wealth tax sparks backlash and red state migration. California Gov. Gavin Newsom acknowledged that the state’s proposed wealth tax is "bad economics." Newsom said he feels vindicated in opposing the proposed wealth tax after reports showed some of California’s wealthiest residents moving money and businesses out of the state, warning the measure would damage the economy and drive away investment."This is my fear," Newsom said in a Politico interview on Monday. "It’s just what I warned against. It’s happening." "The evidence is in. The impacts are very real — not just substantive economic impacts in terms of the revenue, but start-ups, the indirect impacts of … people questioning lon...
DWP urged to change State Pension inheritance rules | Personal Finance | Finance
Business

DWP urged to change State Pension inheritance rules | Personal Finance | Finance

A new online petition is calling on the UK Government to reform existing inheritance regulations surrounding State Pension entitlements. Currently, the system permits only spouses and civil partners to inherit State Pension payments following a loved one's death.Petition organiser Adrienne Allen-Laing is campaigning for people to have the option to "nominate a beneficiary such as their child, long-term cohabiting partner, or carer" or receive a "lump sum" payment instead.The campaign, titled 'Allow State Pension to be passed to children, long-term partners, and dependents', has been published on the UK Government's Petitions Parliament platform. Should it reach 10,000 signatures, the Government would be obliged to provide a written response.According to the petition: "We ask the Governm...
Mike Tannenbaum’s The 33rd Team secures Series B funding from investors
Business

Mike Tannenbaum’s The 33rd Team secures Series B funding from investors

Check out what's clicking on FoxBusiness.com. After calling it a career within team facilities, former New York Jets general manager Mike Tannenbaum still wanted to be involved in the game. Tannenbaum joined ESPN as a front office insider in 2019 after serving as the Miami Dolphins' executive vice president of football operations.That same year, he founded The 33rd Team, which brings in-depth analysis, expert insights and reaction to the latest news from around the league. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM New York Jets general manager Mike Tannenbaum at Jets Training Camp at SUNY Cortland on July 27, 2012, in Cortland, New York. (Jeff Zelevansky/Getty Images / Getty Images)Tannenbaum's venture has been utilized by NFL teams to find people to fill roles an...
Thousands of pensioners missing out on £4,300 boost from DWP | Personal Finance | Finance
Business

Thousands of pensioners missing out on £4,300 boost from DWP | Personal Finance | Finance

Pension Credit is a financial lifeline for people over the state pension age who are grappling with a low income. It also assists with housing costs and unlocks a plethora of freebies, discounts and benefits for eligible households that claim their entitlements.This pension supplement could potentially offer an average boost of around £4,300 in this financial year. However, according to official government figures, approximately 760,000 people who qualify for Pension Credit have yet to lodge their claim with the Department for Work and Pensions (DWP).Currently, about 1.4 million people across the UK are receiving this benefit, as per DWP data. The department has also recently confirmed that nearly 78% of all new claims are being processed within the target timeframe of 50 working days.A...
Trump de-banking executive order gives banks regulatory relief from policies
Business

Trump de-banking executive order gives banks regulatory relief from policies

Piper Sandler chief global economist Nancy Lazar discusses the economic outlook for 2026, the importance of patience and more on 'Making Money.' America’s biggest banks are feeling regulatory relief after President Donald Trump’s executive order to rein in de-banking has had months of impact on the U.S.'s financial systems.  The reputational risk standard that pushed regulators to essentially force banks to strip individuals of their accounts for political reasons has been dissolved and is allowing financial institutions more freedom to implement balanced and apolitical internal policies, sources on Wall Street tell FOX Business.Banks expect fewer account closures, and Suspicious Activity Reports (SARs) require less paperwork and encourage financial institutions to focus on high-ri...
Married pensioners could claim £4,300 income boost | Personal Finance | Finance
Business

Married pensioners could claim £4,300 income boost | Personal Finance | Finance

Married pensioners can claim £4,300 from the Department for Work and Pensions (Image: Getty)Up to 760,000 pensioners are missing out on a  State Pension supplement averaging £4,300. Pension Credit, a means-tested benefit, is currently being claimed by 1.4 million people, but thousands have not yet claimed the money. The pension supplement could provide an average boost of around £4,300 in this financial year. The Department for Work and Pensions (DWP) has been urging pensioners to verify their eligibility, with 78% of new Pension Credit applications processed within 50 working days. A couple's joint income could be increased to £346.60 and a single pensioner could see their weekly income increase to £227.10. READ MORE: DWP to send letters to all pensioners as State Pension rises READ ...
Trump signals ExxonMobil could be excluded from Venezuela oil operations
Business

Trump signals ExxonMobil could be excluded from Venezuela oil operations

FOX Business' Lauren Simonetti reports on the projected costs of U.S. oil companies to help rebuild Venezuela's oil industry on 'Varney & Co.' President Donald Trump signaled Sunday that ExxonMobil could be excluded from any future U.S. involvement in Venezuela’s oil sector, saying he was unhappy with the company’s response following a meeting at the White House last week. Trump told reporters aboard Air Force One that the oil giant was "playing too cute.""I didn't like Exxon's response. You know, we have so many that want it. I'd probably be inclined to keep Exxon out. I didn't like their response," he said. ExxonMobil CEO Darren Woods told the administration on Friday at a roundtable event with other industry executives that Venezuela is currently "uninvestable," citing weak ...