Business

Check out what's clicking on FoxBusiness.com. A recall is underway in the U.S. for tens of thousands of electric-corded chainsaws and pole saws that could present a "laceration hazard" to users. The recall, issued Thursday by Positec Tool Corporation, was prompted by the risk that the main switch on roughly 49,000 Hyper Tough 9 Amp Electric Corded 14-inch Chainsaws, Worx 8 amp 14-inch Electric Chainsaws, Worx 8 Amp Electric Pole Saws and Portland 9 Amp 14-inch Chainsaws could fail. Positec announced the recall on June 3. (Consumer Product Safety Commission) "The main switch on the recalled chainsaws and pole saws can fail, allowing the saws to continue to run even after the switch is released, posing a laceration hazard," a recall notice published by the Consumer Product Safety...

Santander is set to close nine branches next week as more customers make fewer in-person visits. The shuttered branches form part of the banking giant’s larger list of at least 95 locations to close in 2025.A statement on Santander’s website reads: “We last did a major review of our branches in 2021. Since then, many of our customers are choosing to use Mobile, Online and Telephone Banking more, and branches less.” As a result, the bank said changes will be made to some branches, including reduced opening hours, converting some to ‘counter-free’ and closing others. A total of 38 branches will close in the month of July, with more to come in August.Here is the full list of Santander branch locations to close next week:Caernarfon – 1 Bridge Street, Caernarfon, Gwynedd, LL55 1AB – July 7, ...

Martin Lewis has issued a Cash ISA update and it’s not great news for people who want to keep making tax-free savings without investing.The Money Saving Expert founder has taken to his latest episode of The Martin Lewis Podcast on BBC Sounds, Spotify and Apple Music to issue a rundown of what is expected to happen to Cash ISA limits when Chancellor Rachel Reeves makes a big speech on July 15.Right now, there is a £20,000 annual ISA limit which allows savers to put that amount into a mixture of Cash or Stocks and Shares ISAs without paying tax on the interest, in any combination. So you could have all £20,000 in a Cash ISA or have £10,000 in Cash ISAs and £10,000 in Stocks and Shares ISAs.The money man outlined that he expects that the £20,000 ISA limit will stay, but that the government...

New data from the Department for Work and Pensions (DWP) reveals that as of the end of April, approximately 420,000 people in receipt of Personal Independence Payment (PIP) were having their claims reviewed.This includes 380,000 award reviews and 40,000 changes in circumstances. Currently, over 3.7 million people across England and Wales are claiming PIP.However, many who are not receiving the maximum PIP may be unaware that if their condition has worsened and they require more assistance with daily living tasks or mobility needs, they could potentially increase their monthly payments.PIP is intended to assist those with a disability, long-term illness, or physical or mental health condition with additional daily living or mobility expenses. A successful claim for PIP can result in week...

As July 9 draws closer, the end of the 90-day pause on higher US tariffs threatens to unleash new waves of market volatility and uncertainty. After a dramatic selloff triggered by the Liberation Day tariff announcement in April, global markets staged a remarkable recovery. However, with trade talks still far from settled, investors face a crossroads - and the next move is critical.Dan Coatsworth, investment analyst at AJ Bell, warned: “There is the potential for a market wobble if we don’t get substantial progress with trade talks over the next few days. Only a handful of countries have struck framework deals so far, suggesting there isn’t enough time for everyone to reach an agreement before the July 9 deadline.” The Liberation Day tariff announcement sparked an 11% plunge in the FTSE ...

The verdict was read in the criminal retrial of Karen Read. Karen Read still has a lawsuit from the O’Keefe family pending against her and, according to legal experts, it could have significant financial implications depending on how it plays out. Family members of Read’s former boyfriend, Boston Police Officer John O’Keefe, filed a lawsuit against Read and two bars in August. During the retrial of the criminal case against her, the judge put the civil case on hold. Karen Read and her father, William Read, right, greet her supporters as they enter the courthouse prior to her acquittal on many of the charges against her June 18.  (Stuart Cahill/Boston Herald via Getty Images / Getty Images) The lengthy criminal retrial ended last month with Read found not guilty of second-degree...

As the Universal Credit and Personal Independence Payment Bill saw some pivotal last-minute changes this week, the Department for Work and Pensions (DWP) has assured that additional benefits, discounts, and supports will remain unaffected by the upcoming changes slated for November 2026. This includes key services like the Blue Badge scheme, concessionary travel, and Carer's Allowance, which largely depend on PIP eligibility.The Bill proposed a change to PIP criteria that risked disqualifying thousands, consequently disqualifying them from these 'passported benefits' too. However, Work and Pensions Secretary Liz Kendall has confirmed they will not be affected.Labour MP for Gravesham, Dr Lauren Sullivan, raised concerns in the Daily Record: “PIP is, of course, a passport to freedom for m...

'Making Money' host Charles Payne breaks down the better-than-expected May jobs report. The typical nine-to-five job isn’t cutting it for many Americans as the cost of living continues to rise. Even those with full-time careers in fields, such as real estate and tech, are turning to side hustles to cover bills and make ends meet."We’re seeing a surge in people turning to side hustles as a way to build financial stability in these uncertain economic times," Kira Caban, flexible work expert and head of communications for Instawork, told FOX Business.  At Instawork, which connects businesses with temporary and full-time workers, Caban said the younger generation is driving this trend.  ONLINE SIDE HUSTLES THAT WILL SCORE YOU SOME EXTRA CASH PRETTY EASILY, QUICKLYTwo years ago, about 2...

The tax office is urging anyone earning extra income from a side hustle, such as online selling, content creation, dog walking, or property rental, to check if they need to register for Self Assessment and, if so, to file their tax return as soon as possible.The call comes as HM Revenue and Customs (HMRC) seeks to help taxpayers avoid the last-minute rush ahead of the January 2026 deadline for the 2024 to 2025 tax year. The tax body highlights that anyone earning more than £1,000 from side jobs in a single tax year - including income from crypto assets - may need to register for Self Assessment and complete a tax return. Myrtle Lloyd, HMRC’s director general for customer services, said: “Whether you are selling handmade crafts online, creating digital content, or renting out property, u...

Some fireworks companies warn tariffs could slow business ahead of America's 250th birthday in 2026. The American Pyrotechnics Association warned of a supply shortage among newly released products. America’s biggest holiday of the summer has finally arrived – and as citizens get ready to celebrate across the country, one recent report is ranking the best and worst places to do just that. In an effort to help Americans find the best and most affordable places to go all out for the star-spangled occasion, WalletHub compared the 100 largest U.S. cities based on how well they balance fun and cost when discovering the top and bottom destinations this July 4th, 2025."The 4th of July is one of the most beloved holidays in America, allowing many of us to not only celebrate our independenc...