Tue, December 3, 2024

by: Bill Williamson

HELB, National Treasury Advertise Top Managerial Job Openings for Kenyans, Monthly Salary

The Higher Education Loans Board (HELB) and the National Treasury invited applicants for the position of Chief Executive Officer and Director General, respectively.

by: Bill Williamson

Average Net Worth by Age: How Do You Measure Up?

Have you surpassed the average net worth of your peers? Get tips from financial advisers on how to grow you wealth over time.

by: Bill Williamson

Pat Gelsinger and Carlos Tavares had the same big problem: Morning Brief

So far, 2024 is pacing to have a record number of CEOs out of a job. This week, two big ones — from Intel and Stellantis — illustrated a key point: It's hard to keep your job when your stock is down big.

by: Bill Williamson

Palestinians File German Complaint on Media Giant Axel Springer's Business in Israeli Settlements

German media giant Axel Springer is facing regulatory complaint by Palestinians about its business in Israeli settlements in the West Bank.

by: Bill Williamson

30 Under 30 Finance 2025: From Fintech's Top Founders To Wall Street's Best Dealmakers

These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.

by: Bill Williamson

Qatar-Kazakhstan investment projects exceed $20bln

by: Bill Williamson

Google Worried Israeli Contract Could Enable Human Rights Violations

The tech giant, which has defended the deal to employees who oppose supplying Israel's military with technology, feared the project might damage its reputation.

by: Bill Williamson

EPFO claim rejected or 'returned': Know why and how to fix errors

Correct deficiencies: For returned claims, EPFO will indicate the errors or missing information. These could include incorrect details, missing documents, or discrepancies in personal information. Make necessary corrections by updating your details, documents, or any required information through the EPFO portal.

by: Bill Williamson

GDP declines by 0.3% in third quarter

South Africa's economy has unexpectedly shrunk by 0.3 percent in the third quarter. Agriculture, forestry and fishing industries decreased by 28.8 percent. The transport, storage and communication industry also decreased by 1.

by: Bill Williamson

Will Luxury & Sin Goods See A Tax Hike In December, 35% GST On Tobacco, Aerated Drinks?

The Group of Ministers (GoM) on Rate Rationalisation, has proposed a "different tax treatment" for sin goods such as cigarettes, tobacco, and pan masala, according to finance ministry sources. Sources Say GoM proposes a hike in GST on aerated drinks,

by: Bill Williamson

Be the Future: Malaysia's First Philosophy, Politics & Economics Degree

As the world becomes increasingly interconnected, future leaders must tackle complex challenges in geopolitics, economics, and ethics with a multidisciplinary mindset.

by: Bill Williamson

Stellantis considers Picat and Filosa for CEO, says source

The board of Stellantis is considering its head of North American operations, Antonio Filosa, and procurement chief Maxime Picat as internal candidates for the CEO position, a source close to the matter said on Monday.

by: Bill Williamson

Jack Nathan Health Closes Sale of Canadian Business and Positions for Global Growth

by: Bill Williamson

France faces 'moment of truth' with government on brink of collapse

PRIME Minister Michel Barnier warned that France has reached its "moment of truth," as far-right leader Marine Le Pen is set to join a left-wing coalition to topple his government as soon as this week.

by: Bill Williamson

Lighthouse Canton Releases Venture Debt Report, Highlighting Growth of Non-Dilutive Financing for Startups in India

Lighthouse Canton has released an in-depth report titled "Silent Bloom: Venture Debt's Growing Influence." on India's startup ecosystem and its venture debt funding landscape. The global investment institution's report highlights the growing importance of venture debt as a financing tool in India's startup ecosystem.

by: Bill Williamson

REITs in India: 24% returns and 60% of office space ready for investment

Embassy REIT, Mindspace REIT, Brookfield India REIT, and Nexus Select Trust REIT generated returns of 24%, 18%, 6%, and 39% respectively since their inception

by: Bill Williamson

Upper Crust owner SSP posts 23% rise in annual profit

by: Bill Williamson

Egypt's non-banking finance hit $13bln in 9 months: FRA

by: Bill Williamson

Indonesia offers six oil and gas blocks in second 2024 auction

by: Bill Williamson

Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says

The "Magnificent Seven" stocks are a buy during corrections as most of them will keep generating money, according to a New York University professor known for his expertise on valuations.

by: Bill Williamson

Commonwealth bank announces major changes to everyday accounts and additional cash withdrawal fees

Commonwealth bank customers will now be subject to a $3 fee when withdrawing their cash with major new changes approaching in the new year. Customers of Commonwealth Bank Australia will now be subject to a $3 fee when simply withdrawing cash.

by: Bill Williamson

Will RBI announce a rate cut? MPC meet date, time, and what to expect

The December MPC will convene from 4 to 6 December, with the decisions announced live by Governor Shaktikanta Das at 10 AM on December 6. The announcement can be streamed live on the RBI's YouTube, Facebook, and X platforms. Updates will also be available on the Business Standard website and social media platforms.

by: Bill Williamson

Prosus invests $100 million in Vastu Housing Finance, acquires minority stake

by: Bill Williamson

Exclusive: Netflix star Ryan Serhant raises $45 million to disrupt the real estate brokerage business

The reality TV personality is starting his next act as a tech entrepreneur with backing from Camber Creek and Left Lane Capital.
Mon, December 2, 2024

by: Bill Williamson

B2B supply chain financing platform Mintifi raises $80 million from Prosus

The investment firm acquired a 10.65 per cent effective interest in the Mumbai-based fintech with the latest round of fund infusion

by: Bill Williamson

Why Keir Starmer's botched honeymoon with business is firmly in the bin

The Labour Party attempted to woo Britain's businesses, but they were having absolutely none of it and now we know precisely why.

by: Bill Williamson

Trump's second coming: What it means for the global economy and India's next move

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge? - Issue Date: Dec 08,

by: Bill Williamson

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

Intel CEO CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus named as interim Co-CEOs. Gelsinger, whose career has spanned more than 40 years, also stepped down from

by: Bill Williamson

Truth about viral prediction that work as we know it will be 'extinct' within a decade

A series of posts on social media purporting to contain stark predictions from a tech guru about the future of work, including that the 9-to-5 model will be dead in a decade, have gone viral.

by: Bill Williamson

Govt to proceed with plan to set up revenue body, Hashim signals

Hashim Djojohadikusumo, Prabowo's top adviser and biological brother, said on Sunday that the Third Deputy Finance Minister Anggito Abimanyu is set to take helm of the planned body once it is established.

by: Bill Williamson

Hero Future Energies to invest $1.3bn in India's Karnataka

Hero Future Energies has signed a memorandum of understanding (MoU) with the government of the Indian state of Karnataka.

by: Bill Williamson

Business cycle funds: Ideal for seasoned investors with macro-driven goals

Business cycle funds aim to optimise returns by aligning their portfolios with different phases of the economic cycle

by: Bill Williamson

Taurus Daily Horoscope Today (April 20- May 20), December 2, 2024: Keep a broad perspective!

Taurus Money Horoscope Today There will be growth in various business matters. Follow rules and regulations, as income sources are likely to expand. Taurus Career Horoscope Today Work performance will improve,

by: Bill Williamson

Why ATM solutions company CMS Info Systems is looking for a queen

Once upon a time, the parent of CMS Info Systems provided traffic management services. Today, the lion's share of its revenue comes from cash management, a business that is under pressure from the rise in digital transactions.

by: Bill Williamson

India removes windfall profit tax on domestically-produced crude oil and fuel exports

by: Bill Williamson

Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge

Ripple Labs' XRP Token has come up trumps post-election to become one of the world's biggest cryptocurrencies. The currency leapfrogged Solana's SOL and is now fourth behind only Tether's USDT, Ether token and of course Bitcoin.

by: Bill Williamson

Swiss corruption case involving Trafigura and former executive opens

Trafigura and three other defendants including a former board member go on trial over the alleged payment of bribes to an Angolan oil official for oil deals in a landmark case that opens on Monday.

by: Bill Williamson

Sebi issues attachment order for Anil Ambani's Reliance Big Entertainment

In its order, Sebi directed the attachment of all accounts, lockers, and proceeds due, along with freezing any debits from the accounts

by: Bill Williamson

Stock market today: Dow, S&P 500 hold near record highs to kick off final month of banner 2024

S&P 500 futures ( ES=F) slipped 0.1%, coming off a record close, while Dow Jones Industrial Average futures ( YM=F) were little changed on the heels of the index's own all-time high. Contracts on the tech-heavy Nasdaq 100 ( NQ=F) were also down 0.1%.

by: Bill Williamson

The good and the bad for South Africa heading into 2025

Momentum Investments unpacks how recent developments have created a more favourable environment for South Africa, but major risks remain.

by: Bill Williamson

Costco's Buffalo plan: cost, timeline and more

Costco wants "the site fully built out before they start building construction," Matt Oates, Benderson director of engineering, said in the May 16 email.

by: Bill Williamson

Avoid bad financial decisions: Spend wisely this festive season

by: Bill Williamson

Money blog: The one supplement experts agree is worth every penny

A reader's dispute with Karpet Kingdom, a look at whether vitamin D pills are worth it, and a story about Lifetime ISA rules leaving some Britons out of pocket are among the posts in today's Money blog - Sky News' hub for personal finance and consumer news.

by: Bill Williamson

Comment: Women are custodians of nature - and key to improving the integrity of carbon markets

As the world grapples with the urgent need to combat climate change, we find ourselves at a crucial juncture in the evolution of carbon markets.

by: Bill Williamson

Top Dividend Stocks To Watch In December 2024

by: Bill Williamson

Explainer: What's next in France's political and budget crises?

France's minority government is in a precarious position, with the far-right National Rally party promising to force the collapse of Prime Minister Michel Barnier's cabinet unless it yields to its demands on next year's budget.

by: Bill Williamson

The Closing: Dayssi Kanavos

Flag Luxury hotel developer and hospitality expert answers questions about getting into real estate, working with family and building in Miami

by: Bill Williamson

I'm in my 50s and am planning for early retirement abroad - how do I reduce my taxes on the $9 million in my retirement accounts?

F.I.R.E. strategy followers without a tax plan can face early withdrawal penalties, and tax issues that can be exacerbated if they become expats.

Stock market today: S&P 500, Nasdaq close at record highs as tech surges to kick off December

The S&P 500 and Dow are entering December on a high note, having ended November with their best monthly gains in a year. The rally got a boost last month thanks to optimism around President-elect Donald Trump's victory. Year to date, the benchmark S&P is up over 25%, while the Dow has gained nearly 20%. The tech-heavy Nasdaq has gained nearly 30%.

The article from Yahoo Finance discusses the stock market's performance on the first trading day of December, where both the S&P 500 and Nasdaq closed at record highs, driven by a surge in technology stocks. The market was buoyed by optimism around potential Federal Reserve interest rate cuts in 2024, following comments from Fed Governor Christopher Waller suggesting that if inflation continues to decrease, rate cuts could be on the horizon. This news particularly uplifted tech giants like Apple, Microsoft, and Amazon, with their stocks seeing significant gains. Additionally, the article mentions that the Dow Jones Industrial Average also saw a slight increase, although it did not reach a new record. The positive market sentiment was further supported by a drop in Treasury yields, with the 10-year Treasury yield falling to its lowest since July, reflecting expectations of a less hawkish monetary policy. However, the article also notes that despite the market's enthusiasm, there are concerns about overvaluation in some sectors and the sustainability of the current rally.

Read the Full YAHOO!Finance Article at:
https://finance.yahoo.com/news/live/stock-market-today-sp-500-nasdaq-close-at-record-highs-as-tech-surges-to-kick-off-december-210024834.html