• Thu, December 5, 2024

by: Express & Star

MPs call for tougher approach towards foreign governments holding UK citizens

MPs have called on UK ministers to toughen their approach towards foreign governments which detain British nationals overseas amid efforts to free a British-Egyptian citizen held in Egypt. Foreign Office minister Hamish Falconer claimed positive links between London and Cairo could help Egypt improve its human rights record.

by: Crain's Chicago Business

CME to offer one-ounce gold futures as retail trade surges

There has been a larger trend among retail investors to seek smaller-sized gold products as a way to diversify their portfolios as spot gold hit repeated record highs this year.

by: Upstream

Shell and Equinor to combine UK assets

by: Seattle Times

West Seattle light rail plans give business owners sticker shock

West Seattle merchants say they can't get reestablished for the meager payments Sound Transit plans to dole out.

by: Inland Valley Daily Bulletin

How Trump's tariffs could affect the U.S. trade deficit and employment

President-elect Donald Trump has announced that soon after his inauguration, he will place heavy tariffs on imports of the three most important trading partners to the U.S., Canada and Mexico at 25% each, and China 10%. The president can impose these policies without the consent from Congress using the International Emergency Economic Power Act.

by: KCUR 89.3 FM

Kansas City mayor accused of skirting city gift ban by using nonprofit to pay for travel

The nonprofit was used by Mayor Quinton Lucas' predecessor primarily to bring speakers to Kansas City to talk about economic development. Lucas and his former chief of staff use it for Chiefs tickets,

by: Parkersburg News and Sentinel

Proposed weekend special session raises questions

As workers were picking up the pieces of the Capitol Christmas Tree Thursday morning after it was toppled by high winds, lawmakers and legislative staff were trying to determine how to conduct a proposed last-minute special session as new lawmakers prepare to take their seats.

by: Reuters

Ulta Beauty raises annual profit forecast, shares rise

Cosmetics retailer Ulta Beauty raised its annual profit forecast on Thursday, signaling a bounce back in demand for perfumes and makeup during the holiday shopping season and sending its shares up more than 11.

by: AOL

For Dell, 3 factors explain why transparency is key to its sustainability efforts

Our strategy, in a nutshell, is integrate sustainability everywhere," says chief sustainability officer Cassandra Garber.

by: Shropshire Star

Deal completed for 'well-established' Shrewsbury firm

The sale of Shrewsbury-based Wildes Plant Hire & AT Wilde & Son has been confirmed. Accountants Azets advised on the sale of the business to Zofre Investments Limited. The acquisition will see the company continue under the existing trading names, with Peter Venn at the helm but both David and Peter Wilde still involved in the business.

by: USA Today

Trump nominates finance CEO Frank Bisignano to lead Social Security Administration

WASHINGTON - President-elect Donald Trump said he's nominating financial services CEO Frank Bisignano to serve as commissioner of the Social Security Administration.

by: The Star

China-M'sia economic ties continue advancing

by: The Banker

The Banker's Bank of the Year Awards 2024

With challenging economic conditions and rising geopolitical risk, strong and safe banking markets are all the more important

by: deseret

Bitcoin just broke the $100k mark for the first time. Here's why it matters

Bitcoin broke the $100,000 line late Wednesday and was trading at around $101,400 at midday Thursday but had dropped back to just under $99,000 per token on Thursday afternoon, according to tracking by CoinGecko. At that time, the global cryptocurrency market capitalization came in just shy of $3.8 trillion.

by: Victoria News

$100K boost 'eliminates barriers' for Indigenous students at Royal Roads

Aspiring Indigenous students wanting to make waves in the world of finance, business and leadership have been given a $100,000 boost from CIBC to help access relevant programs at Royal Roads University. The CIBC Entrance Award will provide qualifying Indigenous students with support in the range of $2,000 to $10,000 towards tuition and fees.

by: Business Insider

Warren Buffett: how the frugal billionaire spends his fortune, from McDonald's breakfasts to the occasional splurge

Discover how Warren Buffett amassed his $146 billion net worth, which is up by $26 billion this year, and how he spends his fortune.

by: MSN

Trump's Cabinet And Key Jobs: David Sacks Selected As 'A.I. & Crypto Czar,' Bank Executive Frank Bisignano To Lead Social Security Administration

President-elect Donald Trump tapped entrepreneur David Sacks as his artificial intelligence and cryptocurrency czar, after picking banking and financial services executive Frank Bisignano to lead the Social Security Administration as part of a string of appointments announced this week.

by: Forbes

Changes In The Wealth Advisory Industry Heading Into 2025 And Beyond

Whether you're looking for a new wealth advisor or thinking about taking a more hands-on approach. Here are two ways the wealth advisory industry is evolving in 2025.

by: inforum

Which ND legislators will lead in the 2025 lawmaking season?

The list of lawmakers who will serve on committees during the 2025 Legislature was finalized Wednesday, Dec. 4, on the last day of the organization session. But how is that decided?

by: Computer Weekly

What to expect from OpenUK's State of Open Con 2025

by: Goodreturns

Year Ender 2024: Here's List of Top 10 Richest Persons In The America

Discover the top 10 richest people in America in 2023, showcasing their fortunes and contributions across technology, finance, and entrepreneurship.

by: The New York Times

Trump Transition Live Updates: Hegseth Promises to Stay in the Fight for Defense Secretary

Pete Hegseth, President-elect Donald J. Trump's embattled choice for secretary of defense, defiantly vowed on Thursday to earn the votes necessary for confirmation, seeking to allay Republican concerns over his fitness for the job and persuade Mr. Trump to stick with him.

by: MSN

Lululemon Stock Gains on Signs of Improvement in Q3

Shares were up 10.5 percent in after-hours trading as the active brand appeared to find more of its footing in the U.S.

by: AOL

Managers are getting less training, and it's hurting companies

WorkTango used Bureau of Labor Statistics data to analyze the dip in on-the-job management training over the past five years compared to jobs overall.

by: Reuters

McKinsey Africa to pay $122 million in South Africa bribery scheme, US Justice Dept says

by: Reuters

Citi M&A veteran Cary Kochman to retire, sources say

Cary Kochman, one of Citigroup's top dealmakers, is retiring after spending nearly 14 years at the helm of the Wall Street bank's mergers and acquisitions group, people familiar with the matter told Reuters on Thursday.

by: MSN

The Creative Link Between Bipolar Disorder and Entrepreneurship

The personality traits of entrepreneurs and those with bipolar frequently overlap. Here's how to embrace the strengths of both. Entrepreneurs are always "on," which is why they need to have lots of energy,

by: AOL

Bath & Body Works CEO: We've been onshoring to mitigate tariff risks, continue to see choiceful consumers

by: MSN

Best Altcoins with 100x Potential: Qubetics Hits 4.4M, Bitcoin Cash's Surge, and Solana's Remarkable Year

In the cryptocurrency world, finding the best altcoins with 100x potential feels like searching for gold in a mine. Righ

by: MSN

Trump claims credit for bitcoin's surge as pro-crypto administration takes shape with SEC pick

President-elect Donald Trump is wasting no time asserting his claims to bitcoin's price rise — and the wealth it is creating for owners of the digital asset.

by: MSN

NJ companies stockpiling imports to avoid Trump's promised China tariffs

Some North Jersey firms are already stockpiling raw materials such as steel and copper to avoid the spike in costs from Trump's promised new tariffs.

by: MSN

Trump's SEC pick and Bitcoin's $100K milestone are two big wins for the crypto community

Trump nominated Paul Atkins, who has been a member of the Token Alliance since 2017, to SEC chair. Bitcoin surpassed $100,000 for the first time.

by: MSN

California's Employment Safety Net Is Still Broken

Out-of-work Californians fight new fraud battles, the system bleeds money, and a $1 billion technology overhaul marches on.

by: MSN

39-year-old makes about $18,000 a month in passive income without a college degree: 'The right time to start is always now'

After dropping out of college in 2007, Amy Landino started a side hustle creating videos and doing social media. Ultimately she was able to quit her day job.
  • Fri, December 6, 2024

by: BBC

New photos released as NYPD hunt insurance boss killer

The NYPD says the fatal shooting of UnitedHealthcare CEO Brian Thompson in Manhattan was "a premediated, targeted attack".

by: Daily Monitor

Standard Chartered Bank is not exiting the Ugandan market

As a bank that has been in existence for over 170 years in the world's most dynamic markets and 112 years in Uganda, Standard Chartered has remained open for business, driving financial inclusion and growth in Uganda and beyond by leading in the digitisation and innovation space.

by: The New York Times

Trump Names Top Silicon Valley Conservative to Oversee Crypto and A.I.

David Sacks, a venture capitalist who hosts a hit podcast, has generally called for a looser hand in regulating both emerging technologies.

by: Asian Development Bank

The Story of a Women-led Business Employing Women

by: RTE Online

Winners of Business & Finance awards announced

President of Global Affairs at Meta and former Deputy Prime Minister of the UK, Nick Clegg, was honoured at the 50th Annual Business & Finance Awards in Dublin.

by: moneycontrol.com

Flying in fog season: Essential tips to avoid delays and cancellations

by: Yahoo Finance

The Kroger Co (KR) Q3 2024 Earnings Call Highlights: Strong Digital Growth and Strategic ...

The Kroger Co (KR) reports robust digital sales and strategic advancements, despite facing macroeconomic pressures and reduced fuel profitability.

by: Business Times

Temasek unveils S$10 billion private credit entity

SINGAPORE'S state investment company Temasek said on Friday (Dec 6) that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion, consisting of direct investments and credit funds.

by: Business Line

Fusion Finance plans ?800 crore rights issue to boost capital

by: Reuters

Singapore's Temasek unveils $7.5 billion private credit entity

Singapore's state investment company Temasek said on Friday that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion ($7.5 billion), consisting of direct investments and credit funds.

by: Reuters

Volkwagen's German plants must get more efficient, CFO says

Volkswagen's finance chief said on Thursday its labour force would need to shrink if its German factories did not become more efficient and that the group's dividends would fall in line with earnings.

by: Reuters

Investment banks eye 2025 income boom as Trump drives deal rebound

by: MSN

3 ways to earn an extra $500 for the holidays

by: MSN

Midcap and largecap IT stocks poised for 20% growth in next one year: Chakri Lokapriya

If you look at within financial services, let us take for instance, the power financiers, REC Power Finance. Now, these are relatively more secular in terms of their loan growth rates because infrastructure power where they lend to will be rather secure.

Citi M&A veteran Cary Kochman to retire, sources say

Cary Kochman, one of Citigroup's top dealmakers, is retiring after spending nearly 14 years at the helm of the Wall Street bank's mergers and acquisitions group, people familiar with the matter told Reuters on Thursday.
Cary Kochman, a prominent figure in Citigroup's mergers and acquisitions (M&A) division, is set to retire after a distinguished 40-year career, according to sources cited by Reuters on December 5, 2024. Kochman, who has been with Citi since 1984, has played a pivotal role in some of the bank's most significant deals, including the $130 billion merger of Dow Chemical and DuPont in 2015. His retirement comes at a time when Citigroup is undergoing a major restructuring under CEO Jane Fraser, aiming to streamline operations and focus on core businesses. Kochman's departure is part of a broader shift in leadership within the bank's investment banking sector, with his responsibilities expected to be redistributed among existing team members.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/citi-ma-veteran-cary-kochman-retire-sources-say-2024-12-05/

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