Financial news

• Tesla earns $690m less than expected in third quarter

  18-10-2023 23:35
  
  Revenue falls short of predictions as Elon Musk seeks to ‘temper expectations’ of Cybertruck, company’s super-vehicle in prototypeTesla shares slid nearly 5% in after-hours trading Wednesday after several misses of Wall Street expectations in its third quarter earnings of 2023.Revenue for the third quarter was $23.4bn compared with analyst predictions of $24.09bn, with total gross profit declining 22% year-over-year. Earnings per share were $0.66 compared with a predicted $0.74
  
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• Netflix says password crackdown working as it adds 8.8 million new users

  18-10-2023 23:02
  
  Streaming company announces plans to increase prices as profits rise, even as Hollywood strikes threaten to affect programmingNetflix announced its global crackdown on password sharing was working and unveiled plans to increase prices as it announced its latest quarterly results on Wednesday.The streaming media company added 8.8 million new subscribers over the last three months, far better than expected and up from 2.4 million in the same quarter last year. The increase came even as a strike by
  
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• Pay is finally rising faster than prices. But this won’t save the Tories | Larry Elliott

  18-10-2023 18:11
  
  The government hopes voters can be persuaded to ignore what has happened to living standards. History suggests otherwiseIt’s been a while, but for the first time in two years pay is rising faster than prices. After being squeezed hard by the highest inflation in 40 years, living standards are increasing once more. For Rishi Sunak and Jeremy Hunt, this is welcome. It has been a tough year for the prime minister and the chancellor since the end of Liz Truss’s ill-starred premiership, b
  
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• State pensioners need extra £2,600 a year just to get by as cost of living ramps up

  18-10-2023 16:51 via express.co.uk
  
  State pensioners could get an 8.5 percent increase next April but the payments are not enough to cover basic living costs.
  
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• Britons warned of 'biggest tax mistakes' when it comes to running a side-hustle

  18-10-2023 16:09 via express.co.uk
  
  Experts are warning of the coming tax crackdown on millions of workers who earn extra money from a side hustle.
  
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• Job seekers have just two weeks to apply for a role - in order to start in the new year

  18-10-2023 15:18 via express.co.uk
  
  Over a fifth are keen to start 2024 with a new job - but they don't have long left to get applications in to make this goal a reality.
  
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• Mapped: Wetherspoon beer prices compared - see if your local is one of cheapest

  18-10-2023 15:13 via express.co.uk
  
  Drinkers can get a pint for under £3 at many Wetherspoons pubs while the most expensive sells for over £6.
  
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• Tax threshold freeze costs retired households £347 more a year

  18-10-2023 15:00 via express.co.uk
  
  The average bill for direct taxes has hit £5,308 a year for retired households, marking a seven percent increase compared to last year.
  
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• Interest rate hike would be a mistake despite stagnant inflation, warns top economist

  18-10-2023 14:32 via express.co.uk
  
  Treasury minister Andrew Griffith has said the Government is "on track" to halve inflation by the end of the year.
  
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• Savers should act 'swiftly' as providers pull high fixed rate deals - top accounts today

  18-10-2023 12:44 via express.co.uk
  
  There is currently not one standard savings account that can outpace the UK's inflation rate of 6.7 percent, Moneyfacts experts have said.
  
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• Rishi Sunak warned heat pump rollout delay will 'cost households thousands’

  18-10-2023 12:42 via express.co.uk
  
  Government delays to net zero targets will hold back the development of the heat pump industry, costing households thousands, research suggests.
  
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• Barratt warns of ‘uncertain’ year as buyers struggle with mortgages

  18-10-2023 11:46
  
  UK housebuilder’s sales also dented by absence of government’s help-to-buy schemeBusiness live – latest updatesBritain’s biggest housebuilder has warned of a tough market, with would-be buyers still struggling to secure an affordable mortgage.With people taking longer to reserve a new home, Barratt Developments’ forward sales fell to 9,221 in the three months to 8 October from 13,314 a year earlier. Forward sales are agreements between a builder and a buyer to compl
  
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• Money Saving Expert says PPI payouts could return - even if you've already claimed

  18-10-2023 11:29 via express.co.uk
  
  People may be able to claim more PPI back even if they've already been paid, the Money Saving Experts have said.
  
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• Martin Lewis issues home insurance alert on exact day you should renew policy

  18-10-2023 11:20 via express.co.uk
  
  Martin Lewis has shared that the price of one's home insurance all comes down to actuarial risk.
  
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• Sticky UK inflation puts Rishi Sunak’s target in jeopardy

  18-10-2023 10:04
  
  Ministers face anxious wait and consumers more pain on prices as September rate stays steadyUK inflation holds steady at 6.7% amid rising fuel pricesWhich goods and services have changed most in price?The latest inflation figures will be a huge disappointment to Rishi Sunak, as they will be to millions of households across the UK who long for the cost of living crisis to end.Economists expected a small fall in September from August’s 6.7% inflation rate, but instead it remained stubbornly
  
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• Treasury refuses to say if benefits will increase as inflation continues to pick pockets

  18-10-2023 09:00 via express.co.uk
  
  As inflation remains at 6.7 percent, officials have refused to comment on whether the Government would hike benefits in line with the September measure of inflation.
  
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• UK inflation unexpectedly holds steady at 6.7% amid rising fuel prices

  18-10-2023 08:47
  
  Rate is unchanged in September, raising questions over next Bank of England decision on interest ratesAnalysis: Sticky inflation puts Sunak’s target in jeopardyWhich goods and services have changed most in price?UK inflation unexpectedly held steady in September at 6.7% as soaring fuel costs offset the first monthly fall in food prices for two years to maintain pressure on households amid the cost of living crisis.The Office for National Statistics said the annual inflation rate as measure
  
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• Ulez made me try to scrap my car, but TfL is stalling me

  18-10-2023 08:00
  
  I’m on my fifth scrappage application because it keeps finding fault with my documentsI live in the newly expanded ultra-low emission zone and, since I own a 19-year-old car that is not compliant, I applied for a grant to replace it under Transport for London’s scrappage scheme. I am now on my fifth application in four weeks! The reasons for refusal range from vague to ridiculous. The first rejection letter claimed my V5C document was incomplete. When I rang for clarification, it tur
  
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