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Liz Truss, the head of the Conservative leadership, has rejected “handouts” as the best way to help households overcome the worst income squeeze in 60 years, promising instead tax cuts and sweeping economic reform. Truss, in an interview with the Financial Times, challenged the Treasury’s “abacus economics”, insisting he would go ahead with the tax cuts despite claims they will fuel inflation, which is already forecast to exceed 13%. The Foreign Secretary did not rule out breaking up the Treasury and pointed to the Bank of England’s use of quantitative easing and its impact on inflation, saying it was time…

Investments managed by HBOS, Fidelity and Jupiter have been rated as the worst performing in the UK, with billions of pounds being wiped out in their so-called dog funds. According to a half-yearly list compiled by online investment platform Bestinvest, three products offered by Lloyds Banking Group brands HBOS and Scottish Widows account for 62% of the £10.7bn in underperforming funds. The Halifax UK Growth, Scottish Widows UK Growth and Halifax UK Equity Income funds, all sub-advised by Schroders, were singled out as the top three underperformers, overseeing more than £6.7 billion between them. Bestinvest said it had been more…

The Indiana General Assembly on Friday overwhelmingly approved a deal that provides boosts to social services and inflation relief, with the bill easily clearing both chambers. Senate Bill 2 now goes to Governor Eric Holcomb. It uses more than $1 billion in reserve accounts to send $200 checks to millions of eligible Hoosiers, including hundreds of thousands of Hoosiers who use Social Security or disability benefits. The bill passed the House by a vote of 93-6 and the Senate passed it by a vote of 37-9. It also repeals the diaper tax, increases the adoption tax credit and allocates about…

SAN RAMON, Calif., Aug. 05, 2022 (GLOBE NEWSWIRE) — CMG Financial Chief Compliance Officer Tara Pettersen was honored by HousingWire as one of its 2022 Women of Influence. This annual award recognizes women of the housing sector who are making notable contributions to their companies and the sector in general. Tara was honored for her inspirational leadership, caring mentorship and ability to transform her department to better protect the company and its consumers from risk or loss. Since joining CMG in 2014, Tara has made a distinct impact both professionally and personally. He initially joined CMG to manage licenses but…

NEW YORK–(BUSINESS WIRE)–August 5, 2022– Daniel Pinto, chairman and chief operating officer of JPMorgan Chase & Co., will present at the Barclays Global Financial Services Conference on Tuesday, September 13, 2022 at 10:30 a.m. (Eastern). The conference will be held at the New York Hilton Midtown in New York City. A live audio webcast will be available on the day of the conference www.jpmorganchase.com under Investor Relations, Events and Presentations. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services company headquartered in the United States of America (“US”), with operations worldwide. JPMorgan Chase had $3.8 trillion in assets…

Confetti falls as Lyft CEO Logan Green (C) and Chairman John Zimmer (C LEFT) ring the Nasdaq opening bell to celebrate the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. Shares of the travel app company were initially priced at $72. Mario Tama/Getty Images Check out the companies making headlines in Friday’s midday trading. Warner Bros. Discovery: Shares of the media company fell 16.5% after Warner Brothers posted its first earnings report since its merger. Warner Bros. Discovery also said it plans to combine its HBO Max and Discovery+ streaming services. Lyft: Lyft soared 16.6%…

Stocks were broadly higher last month thanks to better-than-expected quarterly results, but CNBC Pro found some companies that absolutely won the earnings season. These stocks led the rally during earnings season, and are expected to build on that momentum from here. What else? Analysts adore them, even as Wall Street in general continues to struggle with recession and inflation. Stocks that appeared on our screen are up at least 10% since the start of earnings season. Expectations for earnings per share growth rose and are now forecast to rise more than 10% for these names. They are also expected to…