Business

ISA savers have been urged to check if they could get a better rate as many people are losing out in real terms. With inflation at 3.8% in the latest figures, if your ISA or savings account is not paying interest in line with this figure, the value of your savings is dropping in real terms.The team of specialists at investment app Kaldi have urged savers to look at one alternative account offering much better returns.Mark Burges Watson, co-founder of Kaldi, said: “With inflation running at 3.8%, many instant access Cash ISAs are already failing to keep pace. That means millions of savers are already effectively losing money in real terms."Now is therefore the perfect opportunity to consider investing, and for those worried about risk and still looking for a fund that offer instant acces...

Former Kansas City Federal Reserve President and CEO Thomas Hoenig joins Mornings with Maria to discuss Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. The Federal Reserve's preferred inflation gauge showed that inflationary pressures remained elevated in July, as the central bank mulls an interest rate cut at its meeting next month. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.2% from a month ago in July and remained at 2.6% on a year-over-year basis, in line with the expectations of economists polled by LSEG.Core PCE, which excludes volatile food and energy prices, was up 0.3% on a monthly basis and 2.9% from a year ago, both in line with economists' estimates. Federal Reserve policym...

Questions about the future of articial intelligence investment continued this week despite the world's most valuable company Nvidia posting $46.7billion (£34.6bn) in revenue. The tech giant fell 0.8% after reporting quarterly earnings and revenue which still beat Wall Street analysts’ forecasts. The company reported that sales of its AI chipsets rose at a slower pace than analysts expected.Investors consider Nvidia a barometer for the strength of the boom in artificial intelligence because the company makes most of the chips which power the technology. Its heavy weighting also gives Nvidia outsized influence as a bellwether for the wider market.Despite the excitement about the tech over the past couple of years, a recent study by the Massachusetts Institute of Technology (MIT) found 95%...

Article III Project founder and president Mike Davis discusses President Donald Trump's firing of Federal Reserve Governor Lisa Cook over mortgage fraud allegations on 'Kudlow.' President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook — a move without precedent in American history — sets the stage for a high-stakes legal battle likely bound for the U.S. Supreme Court. Tensions reached a new fever pitch Thursday morning after Cook sued the Trump administration over its attempt to remove her, an effort she argued is an "unprecedented and illegal" pretext by which Trump is looking to wrest control of the independent Federal Reserve, and install someone who would "fill and forward" his own economic agenda. The case was assigned to U.S. District Judge Jia Cobb, who wa...

Next year, the state pension age will begin to rise from 66 to 67 in a phased manner. According to current plans, the new state pension age of 67 will apply to everyone by 2028.Those born between 6 April 1960 and 6 March 1961 will be directly affected by this transition. This includes the vast majority of people currently aged between 64 and 65.Anyone born before 6 April 1960 will have a state pension age of 66, while anyone born after 6 March 1961 will have a state pension age of 67. The exact date of birth will determine when those born in between these dates will receive their state pension.Under the existing plans, each month after 6 April 1960 that a person is born will add an additional month they must wait for their state pension.So, those born two months after April in 1960 will...

Check out what's clicking on FoxBusiness.com. About 780,000 pressure washers sold at major home improvement retailers nationwide are being recalled after users reported dozens of explosions, according to regulators.  TTI Outdoor Power Equipment’s Ryobi Electric Pressure Washer’s capacitor can overheat and eventually burst, "causing parts to be forcefully ejected, posing a risk of serious injury from impact to the user or bystanders," according to the Consumer Product Safety Commission (CPSC). About 764,000 were sold in the U.S. with about 16,000 sold in Canada. NEARLY 3M ELECTRIC MOTORS FOR ATTIC FANS RECALLED OVER FIRE HAZARD CONCERNS The company has already received 135 reports of capacitors overheating. Of them, there were 41 reported explosions, resulting in 32 injuries, includ...

British expats living in France claim they have been hit with five-figure tax bills on their public sector pensions despite longstanding laws which should shield them from French taxes. Those who say they are affected are retired public servants in receipt of UK Government pensions, including teachers and police officers.These pensions should only be taxable in Britain and shouldn't be subject to French income tax and social charges under the UK-France Double Taxation Convention (DTC), which came into effect in 2010. A tax credit cancels out any liability in France, where they still have to be declared, according to the news outlet, The Connexion.British retirees who receive a state pension can apply to the NHS for an S1 form. This entitles them to state healthcare in France, which is p...

Cracker Barrel CEO Julie Felss Masino was spotted in Tennessee but declined to answer FOX News Digital's questions about the company’s short-lived logo change. (Credit: Fox News Digital / Zak Bennett) Cracker Barrel CEO Julie Felss Masino was spotted throughout the day on Thursday in Tennessee, marking the first time the executive has been pictured in public since the restaurant chain’s controversial logo change sparked widespread backlash. The Cracker Barrel chief executive was seen leaving her home in the affluent, suburban Nashville neighborhood of Green Hills on Thursday morning. Green Hills is located a little more than 30 miles west of Cracker Barrel's headquarters in Lebanon, Tennessee. Photos show Masino driving a gray Mercedes-Benz – trailed by a security guard in a separa...

The Department for Work and Pensions (DWP) has revealed the number of face-to-face Personal Independence Payment (PIP) consultations being audio recorded by third-party assessment providers, including Capita, Serco, Maximus and Ingeus, in response to a recent freedom of information (FOI) request.PIP is currently worth up to £737 a month for those who qualify for both the enhanced daily living and mobility components. PIP is money for people who have difficulty with daily living or getting around because of a long-term health condition or disability. It is not means-tested. This means it does not matter how much money you earn or have saved , reports the Daily Record.Certain benefits require you to undergo a health assessment. These include:PIP - England and Wales (if the assessor needs ...

Show directors with Universal Orlando Resort told FOX Business how they got into the business of building haunted houses — and what it takes to create Halloween-themed events. Universal Orlando is kicking off its spooky season nine weeks ahead of Halloween. Halloween Horror Nights 34 launches August 29 and runs through November 2, offering guests 48 select nights to experience the terror of 10 haunted houses, four scare zones, live shows and more.Some of the most-anticipated haunted houses are "Five Nights at Freddy's," "Fallout," "Jason Universe" and "WWE Presents: The Horrors of The Wyatt Sicks." "The journey begins beneath the surface in Vault 33, where guests follow vault-dweller Lucy MacLean as she escapes a bloody massacre, only to discover an evil hidden secret," Universal O...