Sat, December 7, 2024

by: AOL

Waymo's robotaxis a threat to Uber's business? Not so fast, analyst says

by: The New York Times

Backers of Most U.S. Mortgages Have Done Little About Climate Risks

Fannie Mae and Freddie Mac know increasing floods and wildfires are a problem. Dealing with them, however, would require trade-offs.

by: Business Standard

Annapurna Finance raises $109.5 mn via multilateral ECB transactions

Micro and SME lender Annapurna Finance has raised USD 109.5 million (around Rs 927 crore) through a multilateral syndicated social loan facility under the external commercial borrowing framework, a statement said on Saturday.

by: NBC News

Wealthy Americans are still ducking the IRS crackdown on non-filers

A quirk in federal tax law may be incentivizing wealthy people who want to avoid paying taxes to simply not file their returns.
Fri, December 6, 2024

by: Fox Business

The U.S. added 227,000 jobs in November, setting in motion potential Fed rate cuts in December

The job market remains stable but isn't growing substantially. This may lead to more interest rate cuts when the Fed meets in December.

by: Miami Herald

Here's a plan to fix the housing crisis, starting with boosting home inventory

by: Slate

The Real Reason UnitedHealthcare's Stock Prices Spiked After Its CEO's Murder

UnitedHealthcare is not alone in this position. A group of academics found in 2016 that it's not uncommon for stocks to go up after the sudden death of a CEO. Sometimes the market expresses its lack of faith in a dead CEO by boosting the stock after their passing.

by: Kiplinger

Lululemon Jumps to the Top of the S&P 500 After Earnings. Here's Why

Lululemon had a rough start to 2024, but shares bottomed over the summer and have been trending higher since. And Wall Street thinks brighter days are in store for the consumer discretionary stock. According to S&P Global Market Intelligence, the consensus recommendation among the 36 covering analysts it tracks is a Buy.

by: WTOP News

MGM National Harbor had a slower November than last year

by: AOL

Exclusive: Prima, Mexico-based manufacturing and supply chain integrator, reveals it has raised $42.5 million

Prima raised $23 million in new Series A backing earlier this year, a few months before Donald Trump's election victory.

by: Seeking Alpha

Gibson Energy: A 6.4% Dividend Yield While Investing In Growth

Discover why Gibson Energy is a strong investment option with its generous dividend, low payout ratio, and improved financial health.

by: bnnbloomberg

A Sociologist Shines a Light on Traders, Flash Boys and Online Adtech

by: Tuko

Kenya to Borrow KSh 500b Diaspora Loan to Upgrade JKIA, Finance Other Projects

by: Upstream

Chevron's 2025 capex reduction could be a precursor to other supermajor rein-ins next year

by: ZDNet

My 4 favorite open-source apps for personal finance - that run on Linux, MacOS, and Windows

Want to manage your finances in a dedicated money app? These open-source options are some of the most popular - and for good reason.

by: Firstpost

Is Muhammad Yunus preparing Bangladesh for crisis or elections?

by: Crain's Cleveland Business

New Cleveland Fed president is optimistic about the region despite financial challenges

Hammack takes on this new role following a long tenure with Goldman Sachs Group Inc., where she began working in 1993 as capital markets analyst. Her last role there was cohead of the firm's global financing group.

by: Insider Monkey

Tourlite Capital Management's Q3 2024 Investor Letter

Tourlite Capital Management, an investment management firm, released its third quarter 2024 investor letter. Tourlite Fund, LP Founder Class returned 4.5% for Q3 2024 and 13.8% year-t0-date while the S&P 500 Index returned 5.9% and 9.3%, respectively. In addition, please check the fund's top five holdings to know its best picks in 2024.

by: Food Manufacture

Futureproofing farming: Finance expert shares inheritance tax insight and planning tips

Following recent backlash from many UK farmers against changes to inheritance tax, Sam Cawley, investment director and chartered financial planner from law firm Nelsons, explores what this will mean and some key considerations to help prepare for change and mitigate impact.

by: cnbctv18

20th edition of CNBC-TV18 India Business Leader Awards to honour trailblazers leading India's growth story

The CNBC-TV18 India Business Leader Awards (IBLA), presented by Standard Chartered Bank, return for its 20th edition on December 7, 2024, in Mumbai. With the theme 'Leadership in Action' taking centre stage,

by: businessday

BOI, African Guarantee Fund sign $50m deal to scale up MSME financing

The Bank of Industry (BOI) and African Guarantee Fund (AGF) have signed a $50 million Loan Portfolio Guarantee framework that will

by: KOLR10 & Ozarks Local News

Japan's Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

The world through steel," underlining why Japan's top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel. "We can't expect

by: Cyprus Mail

RIF launches new scheme for innovative Cypriot companies

The Research and Innovation Foundation (RIF) on Friday announced the launch of 'Boost,' a new blended finance scheme. The new scheme is designed to support certified innovative companies in Cyprus by providing grants of up to €300,

by: businesslive.co.za

Nedbank scoops two prestigious global awards

The financial services provider has been named Best Bank for Transaction Banking in Southern Africa and Best Retail Bank in SA

by: abp LIVE

How Bajaj Finance is Making Digital Payments Simpler and Safer

Bajaj Finance has a long-standing reputation in the financial world for its forward-thinking approach, and digital payments are no exception.

by: Zawya

SACE and African Development Bank Group to work together under the "Mattei Plan"

by: Business Standard

Year-end portfolio review, Vatsalya scheme: Top personal finance stories

This week report about how to check and balance your financial investments and how a government scheme for children's retirement scheme works

by: Business Today

RBI MPC Meet: Is the central bank hinting at higher prices in near future? Here's what experts feel

The RBI marginally increased its inflation forecast for the fiscal year to 4.8% on Friday. This adjustment came after leaving the previous forecast unchanged at 4.5% in October.

by: businesstech.co.za

Eskom to sell R5.7 billion business

Eskom, on the other hand, needs to raise revenue, with the sale of its home loan business a condition of the government's R254 billion bailout package for the state-owned entity. Eskom has recently proposed a revenue and price increase of 66% over the next three years, which equates to:

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: 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: 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: moneycontrol.com

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

by: Asian Development Bank

The Story of a Women-led Business Employing Women

by: Reuters

Investment banks eye 2025 income boom as Trump drives deal rebound

by: Business Line

Fusion Finance plans ?800 crore rights issue to boost capital

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.

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: 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: 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".
Thu, December 5, 2024

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: 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: The Star

China-M'sia economic ties continue advancing

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: 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: 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: AOL

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

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,

New currency for South Africa, Russia and China bites the dust

Following threats from Donald Trump of retaliation, South Africa and now India have quickly moved to dismiss the very notion of a new BRICS currency.

The article from BusinessTech discusses the failure of a proposed new currency initiative involving South Africa, Russia, and China. The idea was floated during the 15th BRICS summit in Johannesburg, where the concept of a common currency for the BRICS countries (Brazil, Russia, India, China, and South Africa) was considered as a means to reduce reliance on the US dollar. However, the proposal has encountered significant hurdles, including geopolitical tensions, economic disparities among the member countries, and the complexities of aligning monetary policies. The article highlights skepticism from financial experts about the feasibility of such a currency, pointing out the lack of economic integration and trust necessary for a shared currency. Furthermore, the ongoing war in Ukraine has complicated Russia's international financial relations, making the prospect of a new currency even more challenging. The initiative has essentially "bitten the dust," with no concrete steps forward being taken, leaving the idea in the realm of speculation rather than practical implementation.

Read the Full businesstech.co.za Article at:
https://businesstech.co.za/news/government/803267/new-currency-for-south-africa-russia-and-china-bites-the-dust/