Your Money News - LeadStory

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Polish cost of living crisis hits real estate market

A two-person flat to rent in Warsaw costs around 3,300zł (or €735.31) today. Currently, the minimum wage is 3,490zł gross (€777.68).

EuroNews

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'How can people afford this?' Anger in Austria over price hikes

The Austria government is under pressure to act as rising prices continue to erode living standards.

EuroNews

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Report: More Aussies facing cashflow crisis

Half of Australia's population is living paycheque to paycheque, to get by each month. Alarming new research by Finder suggests a growing number of Australian workers are struggling to make ends meet.

Ticker News

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Euro Zone inflation rises to 7%

Inflation in European countries using the euro currency inches higher to 7% in April as the squeeze on households extends.

EuroNews

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When should adult kids pay their way?

Cell phone bills, credit card debt, car insurance and student loans. Young adults are finding themselves in a financial bind paying off debt with wages that don't keep up with inflation. And many parents are sacrificing their own finance...

Bloomberg

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CPI increases keep Fed rate hike in play

Excluding food and energy, the consumer price index rose 0.4% last month after a 0.5% increase in February, according to data out from the Bureau of Labor Statistics. Mike McKee takes a look at the numbers on "Bloomberg Surveillance."

Bloomberg

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Why car insurance premiums are on the rise

Your car insurance premiums are only travelling one direction this year: Up. Bloomberg Opinion's Chris Bryant explains why.

Bloomberg

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$100K income = $36K in NYC after tax

A new study shows that a six-figure salary won't get you as far as you might expect in many of America's biggest cities.

Bloomberg

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Poor Lebanese suffer as currency devalued by 98%

Inflation and a devalued local currency that has lost 90% of its value, means many Lebanese cannot afford basic meals during this Muslim fasting month of Ramadan. The World Bank ranks Lebanon third in the world for food price inflation.

Al Jazeera

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What does 'cash is king' really mean?

Higher interest rates have made holding cash more attractive. But as the global bank turmoil shows, cash management is critical. Scarlet Fu explains what that means.

Bloomberg

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U.S interest rates hiked again

The United States Federal Reserve has announced its latest interest rate hike, a move aimed at lowering inflation by making borrowing more expensive for consumers. The increase of a quarter of a percentage point on Wednesday sets the US ...

Al Jazeera

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Report shows more Americans can't afford their bills

According to the Census Bureau's Household Pulse survey, 36 percent of consumers say they have had trouble paying their bills in just the past week. Two key reasons include inflation and the loss of Federal aid given during the pandemic....

Fox News

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Another U.S bank on verge of collapse

The nation's biggest banks are close to agreeing upon a plan to deposit about $30 billion with First Republic Bank to stabilize the California lender. JPMorgan, Citigroup and Bank of America are among the banks in the discussions.

Bloomberg

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Depositors worry over banking collapse

How you can keep their money safe when banks collapse like the Silicon Valley Bank in the U.S.

EuroNews

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How safe is Europes money after SVB bank crisis?

How you can keep their money safe when banks collapse like the Silicon Valley Bank in the US? Many consumers in UK and the EU are concerned about whether or not the bank run will reach across the pond from the U.S.

EuroNews

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UK to 'avoid recession,' Government says

The UK's finance minister will unveil his spring budget on Wednesday, which many hope will ease the serious cost of living crisis that has thrown many families into financial turmoil despite being fully employed.

Al Jazeera

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Americans Need to Be Richer Than Ever to Buy Their First Home

The long-held American promise that homeownership was within reach for anyone, is crumbling under the weight of the most unaffordable housing market on record. Low inventory, inflated home values and sky-rocketing borrowing costs have co...

Bloomberg

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Consumer prices rose more than expected in February

The CPI, excluding food and energy, increased 0.5% last month and 5.5% from a year earlier, according to Bureau of Labor Statistics data.

Bloomberg

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Why you shouldn't exchange currency at the airport

With just one of these money-saving tips you could afford an extra holiday this year.

EuroNews

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Australia to remove British monarch from banknotes

Australia will remove the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday. The decision to leave her successor Ki...

France 24

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Mass protests grip France

Hundreds of thousands of people across France took part in protests against government plans that would raise the retirement age to 64 and revise pension eligibility rules.

CBC News

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Feds launch FTX taskforce to recover user funds

U.S authorities have launched a taskforce to help recover the assets of the failed cryptocurrency exchange FTX, with customers owed millions.

Cheddar News

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Germany energy crisis: Prices soar in cold winter months

Germany has been reliant on Russian gas to meet its heating needs. But as the war in Ukraine rages on, energy prices have soared. Germany has had to rethink options for staying warm this winter.

Al Jazeera

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Bitcoin drops 70% in 2023

CoinShares Head of Strategy Meltem Demirors joins Caroline Hyde and Ed Ludlow to discuss Standard Chartered's research saying a further Bitcoin plunge of about 70% to $5,000 next year is among the possible "surprise" scenarios.

Bloomberg

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UK announces austerity budget, admits recession

UK finance minister Jeremy Hunt has officially declared that his nation is in a recession. He expects the economy to shrink even further in the next fiscal year. The incumbent chancellor has laid out his plans for tackling rising inflati...

Al Jazeera

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UK unveils austerity budget despite recession

Britain on Thursday unveiled an austerity budget with £55 billion ($65 billion) of tax hikes and spending cuts despite confirming its economy was in recession. Finance minister Jeremy Hunt confirmed the painful measures were needed to br...

France 24

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More crypto firms caught up in FTX collapse

Digital-asset brokerage Genesis and crypto exchange Gemini become the latest pain points Wednesday in the fallout from the collapse of Sam Bankman-Fried's sprawling crypto empire. Sonali Basak reports on Bloomberg Television.

Bloomberg

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Inflation shows signs of easing in the U.S.

Wholesale prices fell for the fourth month in a row, a sign that inflation is easing for Americans.

Fox News

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Consumer Price Index beats expectations

Thursdays CPI report shows inflation fell to a better-than-expected 7.7% in October. But the White House is cautious to celebrate too much.

Newsy

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NAB CEO sees "more pain" for households

National Australia Bank Chief Executive Officer Ross McEwan is expecting further interest rate increases next year as consumers face price rises on "everything they touch." McEwan says while there's currently no impact on loan arrears fr...

Bloomberg