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Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live
Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...World - The Guardian - October 21 -
VW fined by UK regulator for treatment of customers in financial trouble
Carmaker’s lending arm hit with £5.4mn penalty and agrees to pay £21.5mn to 110,000 borrowersBusiness - Financial Times - October 21 -
Israel says more strikes are coming against a Hezbollah-run financial institution
Israel says it is planning to carry out more strikes in Lebanon against a Hezbollah-run financial institution that it targeted the night beforeWorld - ABC News - October 21 -
KKM Financial's Essential 40 stock fund is now an ETF
Many asset managers have been converting their mutual funds to ETFs in recent years, due in part to a 2019 SEC rule change.Business - CNBC - October 21 -
What is the Hezbollah-linked financial institution Israel is targeting in Lebanon?
The Israeli military has carried out a wave of airstrikes targeting branches of a financial institution affiliated with Lebanon’s Hezbollah, saying the quasi-banking system is being used to fund ...World - ABC News - October 21 -
Russia halting strikes on energy targets could lead to peace talks, says Zelenskyy
Ukrainian president floats mutual cessation of aerial attacks on power grids as first step towards ending warBusiness - Financial Times - October 22 -
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) unveiled rules Tuesday intended to increase competition that would require financial institutions, credit card issuers and other financial providers ...Politics - The Hill - October 22 -
Financial cooperation and BRICS expansion are on the table as Putin hosts Global South leaders
Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to ...World - ABC News - October 23 -
Special needs support in England is financially ‘unsustainable’, report finds
Urgent reform is needed after demand for extra educational support doubles in a decade, warns watchdogBusiness - Financial Times - October 23 -
Biden tries again at student loan cancellation, for those in financial hardship
The Biden administration is moving ahead with a new path to student loan cancellation for Americans who face steep medical bills, child care costs and other types of financial hardship that prevent ...Top stories - ABC News - 6 days ago -
Biden unveils new student debt plan for people with financial hardships
President Joe Biden's plans to forgive student debt have hit legal roadblocks. Now a new plan would look to help people experiencing financial hardships.Top stories - CBS News - 6 days ago -
France’s Financial Morass Produces a Harsh Critique From Moody’s
The financial ratings agency, citing a “fiscal deterioration” with rising borrowing and a political logjam, downgraded its outlook for French debt.Business - The New York Times - 6 days ago -
‘There is no money’: Cuba fears total collapse amid grid failure and financial crisis
Repeated blackouts leave residents concerned about food, water supply and Cuba’s future. Maria Elena Cárdenas is 76 and lives in a municipal shelter on Amargura Street in Havana’s colonial old ...World - The Guardian - 5 days ago -
Gen Z is thriving financially in these US cities, new report says
A new report has found that nearly a third of Gen Z — also known as Zoomers — already feel financially secure thanks to having both a job and a side hustle, particularly in certain cities around ...Politics - The Hill - 5 days ago -
Hank Azaria of ‘The Simpsons’ on the key to getting your parents to help you financially
The actor, who has voiced many a memorable character on the long-running animated series, is now heading up a Bruce Springsteen tribute band.Business - MarketWatch - 3 days ago -
Spirit Plans Layoffs and Plane Sales Amid Financial Turbulence
The company disclosed its plans for $80 million worth of cost-cutting moves, but has shared few details.Business - Inc. - 3 days ago -
Inflation is down — but the middle class is still feeling financial pressure. Here's why
Economists say there's a strong role for policy in affecting the prices of essential goods for American families.Business - CNBC - 2 days ago -
GB News fined £100,000 in first financial sanction by Ofcom
Media watchdog found show featuring Rishi Sunak breached impartiality rulesBusiness - Financial Times - 16 hours ago -
How Much You Should Support Your Adult Children Financially, According to a Harvard Happiness Researcher
Want your kids to be happy, self-sufficient adults? Then follow this rule of thumb on when to support them financially.Business - Inc. - October 16 -
Why It Matters That JD Vance's Financial Adviser Posted About Drug Use on Reddit for Years
Aaron Kofsky isn’t just a random staffer; he is JD Vance’s financial policy adviser during an election cycle that cares about crypto.Tech - Wired - October 17 -
Op-ed: The financial toxicity of cancer is growing. Here's what can be done to reduce it
For the first time in history, more than two million Americans will receive a new cancer diagnosis in 2024, and that is creating significant financial hardship.Business - CNBC - October 18 -
As nervous investors worry about the presidential election, public debt is a top concern financial advisors say
The impacts of outstanding U.S. debt could have long-lasting implications beyond the November election, according to new research.Business - CNBC - October 18 -
Israel says it will target Hezbollah's financial arm and announces imminent strikes in Beirut and elsewhere
Israel says it will target Hezbollah's financial arm and announces imminent strikes in Beirut and elsewhereWorld - ABC News - October 20 -
US rolls out ‘open banking’ rules to make sharing financial data easier
Agency finalises regulations aimed at increasing competition and helping consumers link bank accounts to appsBusiness - Financial Times - October 22 -
Starbucks’ latest financials sink shares, as CEO says it’s ‘harder to be a customer than it should be’
Shares of Starbucks fell on Tuesday after the coffee chain offered fresh signs of its struggle to bring back consumers, saying its turnaround efforts “will take time” as its new chief executive ...Business - MarketWatch - October 23 -
More students are eligible for college aid, but fewer high schoolers enroll — 'there's still work to do,' official says
Although more students are eligible for federal aid this year, rising college costs and ballooning student debt balances are still major concerns.Business - CNBC - October 23
