Getty Images Homebase has collapsed into administration, putting 2,000 jobs at risk. Its owner Hilco had been looking to sell the struggling retailer, but has not managed to find an outright buyer. Homeware chain The Range is buying up to 75 stores and the brand, safeguarding about 1,600 jobs. But this leaves 49 stores without…
CHARLOTTE, N.C. — An insurance magnate who was once a big political donor in North Carolina is in federal custody after pleading guilty in connection to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders and others through a myriad of companies from which he skimmed funds for personal benefit. Greg E….
Getty Images Regulators want to give more time to car dealers potentially facing a deluge of claims for mis-sold finance agreements. A decision by judges at the Court of Appeal has blown open an ongoing saga into hidden commission payments, with buyers possibly in line for payouts totalling billions of pounds. Now the Financial Conduct…
Getty Images Inflation in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, driven by higher housing and food costs, the Labor Department said. That marked a slight uptick from 2.4% the month before. The latest figures added to speculation…
US inflation accelerated in October from the pace it set a month earlier — raising doubts whether the Federal Reserve will continue to cut interest rates before the end of the year. The Consumer Price Index rose 2.6% versus a year ago last month — above the 2.4% increase seen in September, but falling in…
ROME — Italian President Sergio Mattarella sharply rebuked Elon Musk on Wednesday for weighing in on Italian court rulings that have stymied the government’s plans to process some asylum-seekers in Albania. Musk, who is expected to have a top advisory role in Donald Trump’s new administration, wrote Tuesday on X that “these judges need to…
People wait in a line to enter “The Lab,” a “Stranger Things” Netflix series experience in Madrid on June 2, 2022. Beata Zawrzel/ | Nurphoto | Getty Images Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday that more than 50% of…
Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone. Gilaxia | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,…
General Motors is recalling nearly 462,000 pickup trucks and SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash DETROIT — General Motors is recalling nearly 462,000 pickup trucks and big SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash….
The holidays are coming and so are the car deals. As the year draws to a close, many manufacturers will have end-of-year or holiday sales designed to bring shoppers into showrooms and move metal. In addition to checking out these promoted sales, it can also be helpful to know which outgoing model-year vehicles automakers and…
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