Yesterday, borrowing costs, the amount the government pays in interest on debt, hit their highest level in nearly 30 years. The high costs threatens to eat into the small amount of money set aside by Rachel Reeves in her Spring Statement last month. Government gilts rose to 5.65% on Wednesday, …
Read More »State Farm requests emergency rate hike that could raise Californians’ premiums by 38%
Josh Altman told Fox Business he predicts displaced Palisades residents will move to nearby cities, Orange County, Arizona and Las Vegas. Months after wildfires devastated Los Angeles, insurance giant State Farm submitted a request to hike rates for all of its California customers. If approved by insurance regulators, there would …
Read More »NatWest issues ‘act now’ warning over £150 payments | Personal Finance | Finance
NatWest has urged savers to take action now to secure an £150 payment from the bank. You can currently get the bonus payment when switching from another provider to NatWest to open a Reward account, using the Current Account Switch Service. Existing customers with NatWest can get the payment, as …
Read More »Bessent singles out Beijing amid tariff pause: ‘They are the problem for the rest of the world’
Treasury Secretary Scott Bessent said that customized tariffs were paused on Wednesday afternoon due to President Donald Trump wanting to be ‘personally involved’ in negotiations as dozens of nations contact the White House to strike deals. Treasury Secretary Scott Bessent said that China is at odds with the rest of …
Read More »One investment loves Donald Trump and it isn’t shares, cash or bonds | Personal Finance | Finance
Today, the FTSE is plunging again. So are stock markets around the world. Right now, everybody is a loser. Except for one asset class. It’s the world’s oldest store value, with a history dating back 4,000 years. That asset class is gold, and it’s shining right now. The gold price …
Read More »Acting IRS chief to quit following immigration deal with DHS: report
EB5investors.com & Uglobal.com CEO Ali Jahangiri discusses President Donald Trump’s new pathway to U.S. citizenship for immigrants on ‘Making Money.’ The acting commissioner of the Internal Revenue Service is planning to step down following a deal with the Department of Homeland Security to allow ICE to access taxpayer information to locate illegal immigrants …
Read More »State pension bonus blocked at last-minute in huge HMRC blunder | Personal Finance | Finance
Thousands of Brits were reportedly barred from topping up their state pensions ahead of a crucial deadline, putting them at risk of missing out on a boost to their retirement funds. The April 5 deadline marked the last chance for people aged between 40 and 73 to fill gaps in …
Read More »Trump administration slaps 104% tariff on China amid trade tensions
Leavitt told reporters that President Donald Trump believes China is lookin to make a deal with the U.S., but they “don’t know how to get that started.” The Trump administration is hitting China with harsher tariffs after the country failed to meet the president’s 12:00 p.m. deadline on Tuesday to …
Read More »One group can get free passport renewals ahead of price rise | Personal Finance | Finance
Holiday-goers are bracing for a significant hike in one particular fee in just a few days, although some will be able to sidestep it. From Thursday, April 10, passport prices are set to surge by 7%, pushing the standard fee for an online passport application from £88.50 to £94.50. Additionally, …
Read More »Republican Sen. Thom Tillis questions Trump trade representative at Finance hearing
Sen. Thom Tillis asks Jamieson Greer, “Whose throat do I get to choke,” if tariffs fail. A Republican lawmaker questioning President Donald Trump’s trade liaison during a Senate Finance Committee hearing on Tuesday bluntly asked who would be at fault if the White House’s sweeping tariff strategy fails the United …
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