• Sat, December 14, 2024

by: Fortune

Trump eyes privatizing US Postal Service, Washington Post says

USPS lost $9.5 billion in the financial year ended Sept. 30, amid a decline in mail volume and slower-than-anticipated parcel shipping.

by: Bloomberg L.P.

What If Trump Makes Prices Go Down Everywhere but the US?

Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets,

by: Arabian Business

Saudi Arabia's PIF acquires 15% share in Heathrow Airport

Saudi Arabia's Public Investment Fund (PIF) has announced it has completed the acquisition of a stake of approximately 15 per cent in FGP TopCo, the holding company of Heathrow Airport Holdings Ltd ., from Ferrovial SE and certain other FGP TopCo shareholders.

by: The Daily Telegraph

London Stock Exchange is 'deeply uncompetitive', warns former chief

Britain's stock market has become "deeply uncompetitive" and risks driving more companies to the US, the former head of the exchange has warned. Xavier Rolet, who ran the London Stock Exchange Group from 2009 until 2017, said there is a "real ...

by: Forbes

Fed Dollar 'Crisis' Warning Spurs Sudden $100,000 Bitcoin Price Surge

The influential billionaire investor Ray Dalio warned of a looming "debt crisis" which he expects will trigger a decline of U.S. dollar

by: Wall Street Journal

The Week CEOs Bent the Knee to Trump

When Donald Trump arrived at the New York Stock Exchange this week for a postelection victory lap, dozens of influential executives lined up to catch a glimpse of the man who holds the future of their businesses in his hands.

by: Couriermail

CCTV shows moment Woolworths worker is fly-kicked as warning is issued ahead of Christmas

Skyrocketing rates of assault against retail employees, particularly in the big supermarkets, has led the NSW government introduce tougher new penalties in anticipation of the chaotic Christmas and boxing day shopping seasons. The clips reveal a range of ...

by: Independent Online

Trustworthy: essential trust management steps for South Africans in 2025

Discover the critical steps South African trustees must take to ensure compliance with updated trust regulations and avoid penalties in 2025.

by: AOL

Sixers injury woes worsen with Rookie of the Year candidate Jared McCain out indefinitely

Rookie guard Jared McCain, a top candidate for Rookie of the Year honors, sustained a lateral meniscus tear in his left knee on Friday and will require surgery that knocks him out indefinitely, the Sixers announced.

by: business-live

Subsea firms call on Government to build confidence through industrial strategy

Industry body the Global Underwater Hub has voiced concerns that export opportunities could ultimately lead to domestic firms leaving the UK

by: Yahoo Finance

History Says the S&P 500 Will Surge in 2025. 2 Top Stocks to Buy Before It Does.

But things may turn even better in 2025. According to Charles Schwab, based on 14 interest rate cycles since 1929, the S&P 500 index has posted positive returns 12 months from the first rate cut in the cycle 86% of the time.

by: Benzinga.com

TikTok Ban Signed Into Law: What It Means For America's $15 Billion Small Business Economy

TikTok will be banned in the United States on Jan. 19, 2025, after a federal appeals court rejected its bid to overturn the ban that President Biden signed in April. The law states that if TikTok's parent company, ByteDance, doesn't divest its ownership to non-Chinese companies, the app will be banned in the U.S.

by: The Motley Fool

Palantir Stock Is Joining the Nasdaq-100 Index, and Super Micro Computer Is Being Booted: What Investors Should Know

A Nasdaq-100 index membership means mutual funds, exchange-traded funds (ETFs), and other financial products based on this index will have to buy shares of Palantir. This increased demand should exert at least some upward pressure on the stock price.

by: MSN

Mumbai: FIR Filed Against 5 Directors Of RMB Event Management Firm For ?3.5 Crore Fraud

The Marine Drive police have registered an FIR against five directors of RMB Event Management Pvt Ltd for allegedly cheating a finance company. The accused allegedly defrauded Bakliwal Finance Services (India) Ltd of Rs3.

by: Goodreturns

1:2 Split: Tata's Auto Stock Just Rs 95 Away From 52-Week Low, Prices Hike Update; Buy For Rs 900-1100 TP

Tata Motors has announced a price hike for its commercial vehicles from January 2025. Additionally, the biggest development is Tata Motors demerger ratio of 1:2. That being said, is there a buying opportunity in this Tata stock?

by: MSN

The Hunt for the Assad Dynasty's Missing Billions Begins

The family stashed away its wealth over half a century of despotic rule. Human-rights lawyers are leading efforts to find the assets—and recover them for the Syrian people.

by: The Motley Fool

3 Facts About Costco You Must Know Before Buying the Stock

Customers find tremendous value in being a Costco member, as evidenced by the program's pricing power. Before the leadership team raised annual dues in September, Costco increased membership costs in 2017 and 2011. Despite higher fees for shoppers, the company's membership count keeps expanding, now at 76.2 million households.

by: Yahoo Finance

Many student loan borrowers are in for a big, bad surprise in 2025

The relatively high rate of default on student loans has long been a source of frustration for education policymakers. In 2019, about 10% of debtors had fallen into default within three years of starting repayment — down from years past but still vastly higher than the delinquency rates on mortgage or auto loans.

by: The Motley Fool

Missed Out on Palantir? 1 No-Brainer Artificial Intelligence (AI) Stock to Buy Before It Soars in 2025

Palantir Technologies ( PLTR 3.92%) has been one of the hottest stocks on the market in 2024, logging amazing gains of 319% as of this writing. The company's artificial intelligence (AI) software platform has been in terrific demand from customers and governments looking to integrate generative AI into their data analysis.

by: MSN

New 'KI' Salon opens in Fresno

A new Salon has opened its doors in Fresno with a ribbon-cutting ceremony held on Saturday.'KI' Salon is owned by Marisol Ramirez and her husband professional b

by: Yahoo Finance

Unleash your financial potential with a plan

Wherever you are on your investing journey, Yahoo Finance has a plan designed to help you reach your goals. When you start your plan, you invest in yourself by unlocking enhanced financial news ...

by: The Motley Fool

Could Buying SoFi Stock Today Set You Up for Life?

If you invest enough money in SoFi stock, it could be a strong element of a well-diversified portfolio and help set you up for life. I don't recommend putting all your eggs in one basket, but I do recommend buying SoFi stock and holding it for many years.

by: Yahoo Finance

Stock market today: Wall Street ends mixed after a bumpy week

Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The benchmark index posted a loss for the week, its first after three straight weekly gains.

by: MSN

Nissan reshuffles leadership as business continues to struggle

Nissan's leadership shakeup seeks to address falling profits, debt, and an outdated product lineup, but analysts warn deeper changes are needed.

by: MSN

Prairie Business searching for Top 25 Women in Business nominations

Every year, Prairie Business accepts nominees for their Top 25 Women in Business contest — where winners are honored for their work ethic and devotion to improving the lives of others. Now, residents of North Dakota and beyond are being asked to nominate the most impactful women in their lives for

by: MSN

Clovis is getting another Starbucks, nearby businesses excited

Construction is underway for a new Starbucks drive-thru at the Crossroads Shopping Center in Clovis, which is expected to bring increased traffic and exposure to the small businesses in the lot.

by: MSN

Esther Perel says you should talk about money with your partner. Here's why.

Psychotherapist and podcaster Esther Perel says money shouldn't be a taboo topic, and providing in a relationship extends beyond earning an income.

by: MSN

Is Sirius XM Stock a Buy, Sell, or Hold in 2025?

With its stock price down more than 50% on the year, Sirius XM's (NASDAQ: SIRI) management has turned its focus to next year and what efforts it will need to make to turn its fortunes around. It did take some steps this year though in that regard,

by: MSN

Western Digital executive departure may be viewed negatively, says Citi

Citi analyst Asiya Merchant says the departure of Robert Soderbery, Western Digital's (WDC) GM of the Flash Business, may come as a surprise to

by: MSN

Private business profits from land deal with Glasgow, records show

A recent land transaction between a private business and the city of Glasgow resulted in a profit for the business, which sold a portion of the land for more than it initially paid, WBKO Investigates has learned.

by: MSN

'We're a business for the community': Big Frog Custom T-Shirts opens first Stockton store

Big Frog Custom T-Shirts & More recently opened its first Stockton store. Here's what to know about the Miracle Mile's business.

by: MSN

Prediction: This Under-The-Radar Opportunity Will Be the Most Important Part of Palantir's Business in 2025

The launch of the Palantir Artificial Intelligence Platform (AIP) in 2023 has fueled new opportunities for the company, but one area seems to be flying under the radar.

by: MSN

Mary Barra Says GM Is "Goal-Aligned" With Trump Despite Looming Tariff Nightmare

GM's CEO admitted proposed tariffs on cars imported from Mexico and Canada would have a big impact, but said president and automaker shared some ambitions

by: MSN

The rise and fall and rise again of Bitcoin

Now his re-election has sent the volatile price of Bitcoin sky-high. These days, he's known as 37244-510. Not quite as catchy as SBF, the three-letter acronym mentioned in hushed tones back when he was revered as the richest man in the crypto sphere.

by: MSN

Hawaii to be hit with higher prices as businesses brace for tariffs, experts say

The incoming Trump administration will implement sweeping policy changes, including tariffs and federal spending cuts.

by: MSN

Time is Running Out to File Your BOI Form

The deadline for filing the Beneficial Ownership Requirement form is quickly approaching for small business owners. Courtney Kincaid, the President and CEO of the Indiana CPA Society, says the deadline to file for many businesses is December 31.

by: MSN

Costco flags an unexpected shift in customer behavior

Costco (COST) appears to go viral on social media every week. Whether it's because of its popular food court items, eye-catching deals, or "apocalypse" emergency food buckets, the increased social momentum surrounding Costco is translating into a boost in profits and sales.
  • Sun, December 15, 2024

by: Business Times

South Korea's acting president moves to reassure allies, calm markets after impeachment

SOUTH Korea's acting president, Han Duck-soo, moved on Sunday (Dec 15) to reassure the country's allies and calm financial markets a day after President Yoon Suk-yeol was impeached and suspended from his duties over a martial law attempt.

by: The Daily Telegraph

Rayner sets businesses and unions on collision course over sick pay reforms

Angela Rayner's plan to reform sick pay will add billions to the cost of doing business, bosses have warned...

by: Business Insider

Mark Cuban says AI won't have much of an impact on jobs that require you to think

Mark Cuban told Business Insider that AI's impact on a company's workforce will be determined by how well the firm can implement the technology.

by: Business Times

South Korea's central bank vows to stabilise markets amid political turmoil

SOUTH Korea's central bank vowed to stabilise financial markets and highlighted the importance of "uninterrupted implementation" of key fiscal and economic measures, in its first statement since lawmakers voted to impeach President Yoon Suk-yeol.

by: Arabian Business

Riyadh Metro to open Red and Green lines from Sunday, December 15

The Royal Commission for Riyadh City (RCRC) announced the roll-out of two additional lines (Red: King Abdullah Road, and Green: King Abdulaziz Road) of the Riyadh Metro on December 15, 2024. Passengers have access to stations on the two lines from 6am to midnight. Thus, five out of the six metro lines are now operational.

by: Business Standard

Wayanad landslide: Union govt 'adding chilli' to wounds, says Kerala FM

Kerala Finance Minister K N Balagopal on Sunday criticised the union government for demanding payment for disaster relief and rescue operations conducted by the Indian Air Force (IAF) during Wayanad landslides.

by: Yahoo Finance

Former Hockey Player Patrick Dovigi Makes A Quick $6 Million In 6 Months With Speedy Aspen Flip

Many former athletes go broke when they retire, but some, like Patrick Dovigi, become successful business owners and make a fortune in real estate as a side hustle. The former 90s NHL goalkeeper just pocketed a cool $6 million in six months with a

by: moneycontrol.com

Quick ways to secure instant personal loan approval

By maintaining a good credit score, preparing documents in advance, and choosing the right lender, you can significantly boost your chances of approval.

by: MSN

I left the US and moved to the 'Silicon Valley' of India to launch my startup. It's the most fun country I've lived in.

Spencer Schneier moved to Bengaluru, India, from Seattle and launched a company. He said access to amazing talent was a major perk.

by: MSN

Oil Fracking Could Help Save The Environment

Fracking, one of the major sources of oil in the US, is a dirty business. Fracking fluids create contaminants. The fracking process releases methane. The equipment used makes soot. Fragments from the process can harm birds.

by: MSN

Activists keep pressure on big banks despite $10b cut in fossil fuel lending

An analysis of banks' environmental, social and governance strategies comes as a deadline looms for businesses to provide climate transition plans to one bank or risk losing finance.

Trump eyes privatizing US Postal Service, Washington Post says

USPS lost $9.5 billion in the financial year ended Sept. 30, amid a decline in mail volume and slower-than-anticipated parcel shipping.
The article from Fortune discusses Donald Trump's proposal to privatize the United States Postal Service (USPS). Trump has suggested that the USPS, which has been facing financial difficulties, could be more efficiently run by private companies. The USPS has been dealing with declining mail volumes, increased competition from private carriers like FedEx and UPS, and significant financial losses, with a reported net loss of $6.5 billion in the fiscal year ending September 30, 2023. Howard Lutnick, CEO of Cantor Fitzgerald, has been mentioned as a potential figure to lead this privatization effort, given his experience in financial services and his interest in logistics. Critics argue that privatization could lead to higher costs for consumers, reduced service in rural areas, and potential job losses, while proponents believe it could introduce innovation, efficiency, and possibly save the USPS from further financial deterioration. The debate includes considerations of how privatization might affect the universal service obligation, which mandates the USPS to deliver to every address in the U.S. at a uniform price.

Read the Full Fortune Article at:
https://fortune.com/2024/12/14/trump-privatize-us-postal-service-mail-volume-delivery-losses-howard-lutnick/

Like: 👍

Similar Business and Finance Publications