Cash is far from king for teenagers. And as society moves away from paper and coins, banks and tech companies are ramping up the competition to get children aged between 13 and 17 to manage their spending online. Last week saw the launch of an account aimed at teenagers from gohenry, a pre-paid card provider that lets kids manage their […] Scam artists taking advantage of student loan crisis Ramsey Solutions financial expert Chris Hogan on scammers taking advantage of the student debt crisis and a new study revealing that 68 percent of credit card users are focusing on maximizing credit card rewards rather than paying off their debt. The Federal Trade Commission said scammers amassed $117 million through fake Facebook, Instagram and […] Coca-Cola gets into hard seltzer business Coca-Cola is launching a hard seltzer brand. FOX Business’ Lauren Simonetti with more. Coca-Cola is planning to kill off 200 drink brands, which account for about half of its portfolio, as it works to return to pre-coronavirus levels of growth. Continue Reading Below In a bid to better weather the pandemic, the company plans to shift focus onto […] A report released by the Labor Department on Thursday showed a decrease in first-time claims for U.S. unemployment benefits in the week ended October 17th. The Labor Department said initial jobless claims fell to 787,000, a decrease of 55,000 from the previous week’s revised level of 842,000. Economists had expected jobless claims to drop to 860,000 from the 898,000 originally […] California wildfires have been ‘devastating’ to local businesses: Winery owner Hall, Walt and Baca Wines owner Kathryn Hall on launching a fundraiser for wildfire relief aid. The growing risk of devastating wildfires in California has resulted in insurance companies dropping tens of thousands of homeowners in the most vulnerable communities, according to date in a new state report. Continue Reading Below The […] The UK government has decided to cut its planned spending review to one year from three years as the focus has shifted entirely to Covid-19 responses and supporting jobs. “The Chancellor and the Prime Minister have decided to conduct a one-year Spending Review, setting department’s resource and capital budgets for 2021-22, and Devolved Administration’s block grants for the same period,” […] Retirement planning amid coronavirus crisis Barron’s senior writer Reshma Kapadia and Barron’s Roundtable discuss how coronavirus upended some people’s retirement plans and what can be done to make up for that lost capital. Social Security benefits are an important source of retirement income, but you may not get to keep all the money you receive from this entitlement program. In […] ‘Lenders raising capital to ensure credit for businesses upon revival of economy’ India’s economy is ‘almost at the doorstep of revival’, Reserve Bank of India Governor Shaktikanta Das asserted on Wednesday, adding that banks and non-banking financial companies (NBFCs) had raised, or were in the process of raising, capital to ensure adequate credit availability for businesses once the revival took […] China's economy is back-ish and the world can exhale. Without this rebound, the nascent global recovery would be on even thinner ice. The expansion reported is close to the numbers China chalked up before COVID-19 tore through national and global commerce. Gross domestic product rose 4.9 per cent in the third quarter from a year earlier. While that's less than […] The digital bank Monzo has launched a premium account, complete with a metal payment card, as it tries to convince more customers to pay for its services. Customers can pay £180 a year, or £15 a month for a minimum of six months, for the privilege of Monzo Premium. Its key features include travel and phone insurance, £600 of fee-free […]
Would you trust your teenager with an online bank account?
Social media scammers net $117M targeting shoppers, romance seekers: FTC
Coca-Cola saying goodbye to half its drink brands
U.S. Weekly Jobless Claims Drop To 787,000, Coming In Well Below Estimates
California wildfires result in insurance companies dropping homeowners at faster rate
UK To Conduct Spending Review For 1 Year
More than 36 million Americans risk double taxation on Social Security benefits
Economy almost at doorstep of revival: Das
China’s revival is propping up the global economy
Monzo launches £180-a-year premium account despite downturn