Money

Expectations of excellent news on the near horizon are buoying markets today. Over the past month, both the [h3] S&P 500 [/h3] and the NASDAQ are up 11% to brand-new record highs. Financiers are delighted at the prospect of a COVID vaccine coming prior to the winter is out. And …

The Eat Out to Help Out scheme was vastly popular with millions of households making the most of discounted breakfast, lunch and dinner throughout August. Chancellor Rishi Sunak introduced the scheme as a way of enticing consumers back out after months of staying in due to lockdown. It gave diners …

A Metro Bank customer lost £26,000 after a fraudster took advantage of compromised card details to scam him twice in what the bank described as a sophisticated social engineering scam. The man from Bedford, who did not wish to be named, said he was left checking his online banking ‘every …

Coronavirus has rocked the lives of nearly every person on the planet, but for some, the change it has wrought has been more positive than they could have anticipated.  Ray Young, 50 and from Derbyshire, was made redundant from his job as an engineer in April as a result of …

The head of Germany’s central bank has warned that the economy risks becoming overly reliant on the massive fiscal and monetary support provided since the coronavirus pandemic struck and called for it to be scaled back soon. Jens Weidmann, president of the Bundesbank, also criticised the EU’s plan to issue …

The head of Germany’s central bank has warned that the economy risks becoming overly reliant on the massive fiscal and monetary support provided since the coronavirus pandemic struck and called for it to be scaled back soon. Jens Weidmann, president of the Bundesbank, also criticised the EU’s plan to issue …

Image copyright Getty Images Cheap steroids can save the lives of patients who are critically ill with Covid-19, studies show. The findings confirm the results of an earlier trial, which has already led to steroids being used widely for Covid patients in intensive care. The new results, published in JAMA, …

Royal Bank of Scotland is offering £100 to customers who open a bank account. The bribe comes just weeks after the bank was voted one of the worst current account providers.  Out of 19 banks, RBS ranked 18th for overall service and bottom for its branches in the Competition and …

Savers are being urged to grab a fixed-rate deal before they disappear. One-year fixed savings rates have crept up above 1 per cent in recent weeks, with new banks leap-frogging each other to sit at the top of the best buy tables. Competition has improved slightly because savers know they …

Starved savers struggling to find a decent return may be better off using their cash to reduce their mortgage bills instead. Savings rates have hit a record low after halving during lockdown, with all the big banks now paying out just 0.01 per cent on easy-access accounts. Anyone seeking a …