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Monthly Archives: October 2022

Millions of Brits set to pay more in stealthy taxes despite cuts, study finds

British Prime Minster Liz Truss’ government has committed to freezing the threshold on the tax-free personal allowance until 2025-26, essentially pushing more workers into a higher tax bracket over time. Jacob King | Pa Images | Getty Images LONDON — Millions of U.K. workers are set to pay more in …

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How to invest heading into a recession, according to top-ranked advisors

Investors have recently witnessed some of the worst trading days since 2020. Stocks took a dive in September over fears the Federal Reserve’s aggressive rate hike cycle will cause the economy to stall, but with more hikes to come, along with slowing growth, geopolitical unrest and persistent inflationary pressure, this …

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A college degree isn’t the only path to a successful career

At an individual level, sometimes a trade school makes the most sense for your or your children’s financial future. Tom Werner | Digitalvision | Getty Images While my parents never had the opportunity to attend college, they were indeed very successful. Their success afforded me the opportunity to pursue higher …

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Bank of England says pension funds were hours from disaster before it intervened

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Many LDIs are owned by final salary pension schemes, workplace pension plans popular in the U.K. …

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Inside a $150 million Hamptons summer home for sale

An oceanfront estate in Southampton, listed at $150 million, stands as the priciest home for sale in the Hamptons — and is struggling to move off the market. The compound, called La Dune, is likely to be used as a summer home and draws from a tiny pool of buyers, …

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Peloton, Shell, Compass and more

Check out the companies making headlines before the bell: Conagra (CAG) – The food producer’s stock added 2% in the premarket after it reported better-than-expected quarterly profit and sales. Conagra also reaffirmed its full-year guidance. Peloton (PTON) – Peloton slid 4.1% in premarket trading after announcing it would cut another …

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The European Political Community fosters hopes UK-EU ties can improve

French President Emmanuel Macron (L) shakes hands with British Prime Minister Liz Truss during a bilateral meeting on the sidelines of the 77th United Nations General Assembly at UN headquarters in New York City on September 20, 2022. Ludovic Marin | Afp | Getty Images Europe is launching a new …

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Rivian 2022 EV production targets will mean a sharp ramp-up

A Rivian R1T truck body lowered onto a chassis in the assembly line at the Rivian electric vehicle plant in Normal, Illinois. Georgia is giving the company $1.5 billion in subsidies to bring a new $5 billion EV plant to the southern state. Brian Cassella | Tribune News Service | …

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U.S. delivers angry rebuke of massive OPEC+ production cut

Energy analysts believe the deep production cuts could yet backfire for OPEC kingpin and U.S. ally Saudi Arabia. Mandel Ngan | Afp | Getty Images The White House angrily pushed back at OPEC+ after the oil producer group announced its largest supply cut since 2020, lashing out at what President …

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Apple’s iPhone 15 could have USB-C charging after EU law gets approval

Customers try out new iPhones at an Apple store as iPhone 14 series go on sale on September 16, 2022 in Shanghai, China. VCG | Visual China Group | Getty Images Apple’s next iPhone is likely to be equipped with USB-C charging, analysts said, after a European law on common …

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