News
Inflation soars due to Trump's war with Iran
1+ hour, 52+ min ago (253+ words) American consumers saw largest increase in inflation since May 2024 U. S. inflation has soared due to the Trump administration's ongoing war with Iran. The Consumer Price Index for March showed a 0. 9 percent jump from February, meaning prices are 3. 3 percent higher year-over-year. It's…...
FIRE saving plans don't work - so what are people doing instead to retire early?
2+ hour, 35+ min ago (730+ words) Inflation and a poor jobs market have shifted the goalposts - but you can still aim for a quicker retirement if you want to A movement known as FIRE - the dream of Financial Independence and Retiring Early - was all the rage…...
Majority of young adults "feel less financially secure than they had expected
21+ min ago (355+ words) The Independent Money channel is brought to you by Credit Karma. More than half of young adults say they feel less financially secure than they had expected to be by this point in their lives, a survey has found. Some…...
Mortgage lenders expect property market boost " but credit wobbles are emerging
19+ hour, 43+ min ago (512+ words) Loan default rates are rising, but the true impact on households is yet to come as consumers brace for price rises due to the Iran war, experts have warned. The latest Credit Conditions Survey from the Bank of England, which…...
Inflation may jump by most in nearly four years as gas prices spike in wake of Iran war
5+ hour, 31+ min ago (714+ words) Soaring gas prices are expected to produce a spike in inflation when the government reports consumer prices for March on Friday, likely unnerving the inflation fighters at the Federal Reserve and heightening the political challenges of rising costs for the…...
The new personal allowance change that could see taxpayers lose out
17+ hour, 36+ min ago (266+ words) Changes to the personal allowance system, announced in the last Labour Budget, will lead to an extra charge for some taxpayers from April 2027. - The new rules will primarily affect individuals with additional income from investments, property, or savings, pushing more…...
IMF chief warns that Iran war will slow global economic growth
22+ hour, 50+ min ago (342+ words) The Iran war is darkening the outlook for the world economy " whether or not a fragile ceasefire holds, the head of the International Monetary Fund warned Thursday. IMF Managing Director Kristalina Georgieva said the fund will downgrade its forecast for…...
Mortgage rates continue to rise amid the Iran war " here's the impact its making
21+ hour, 42+ min ago (373+ words) Homeowners looking to take out a new mortgage deal are facing a shrinking choice of products and higher rates. Jatin Patel, head of mortgages, savings and insurance at Barclays, provides some suggestions for mortgage holders to bear in mind. Source:…...
Your credit score could decide your mortgage. Here's what you should know
18+ hour, 8+ min ago (811+ words) The Independent Money channel is brought to you by Credit Karma. It's an expensive time to be a homebuyer - prices are near historic highs and mortgage rates have been above 6 percent for all but one week since September 2022. Prospective buyers…...
Key inflation gauge remains elevated in February before Iran war
21+ hour, 39+ min ago (202+ words) A key measure of inflation stayed high in February, before the war in Iran spiked gas prices, a sign that everyday costs were elevated even before the conflict began. An inflation gauge monitored by the Federal Reserve rose 0. 4% in February…...