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Business

Mortgage warning as repayments could surge by £1,800 this year in hell for homeowners | Personal Finance | Finance

The Resolution Foundation warned 1.5million mortgage holders face an average rise in annual bills of £1,800 in the coming 12 months. Although the future is looking brighter with falling inflation, interest rate cuts and changes to tax, only the richest will benefit from the differences. The Foundation claimed the changes …

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Reckitt recalls certain powdered infant formula over bacteria contamination

Check out what’s clicking on FoxBusiness.com Reckitt Benckiser Group’s Mead Johnson Nutrition (MJN) issued a voluntary recall for certain infant formula products distributed in the U.S. due to concerns that it could be contaminated with potentially dangerous bacteria, according to federal health officials.  The company recalled 675,030 cans of Nutramigen …

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Bitcoin hits $100,000 and UK shares boom in 2024 – but there’s bad news for savers | Personal Finance | Finance

Wall Street, savings rates, the gold price and bond yields all rose in 2024, while cryptocurrency Bitcoin flew to the moon. Some individual stocks did brilliantly, with US chip maker Nvidia skyrocketing 238 percent. UK-listed aircraft engine maker Rolls-Royce almost matched that by growing a blockbuster 225 percent, making it …

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Consulting firm McKinsey to pay $78M in U.S. opioid settlement with health insurers, company benefit plans

Check out what’s clicking on FoxBusiness.com Consulting firm McKinsey & Co. has agreed to pay $78 million to settle claims by U.S. health insurers and benefit plans that its work with drug companies helped fuel an epidemic of opioid addiction. The settlement, disclosed in documents filed on Friday in federal …

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