• Wed, January 15, 2025

by: SHINE

Shanghai economy surpasses US$695.6 billion in 2024

Shanghai's economy exceeded 5 trillion yuan (US$695.6 billion) in 2024, mayor of the east China metropolis, Gong Zheng, said Wednesday.

by: ProPublica

Tribal Lenders Say They Can Charge Over 600% Interest. These States Stopped Them.

Online lenders tied to Native American tribes argue that they aren't subject to state lending laws, but they backed away from operating in six states where attorneys have acted forcefully to protect consumers.

by: WSPA

Upstate finance professional breaks down biggest tax changes for 2025

Major changes affecting everyone from small business owners to hobbyists are expected for the 2025 tax season. The IRS is tightening its belt when it comes to

by: AOL

Bitcoin and stocks have been moving in sync: Morning Brief

It's been just over a year since the SEC legalized bitcoin spot ETFs. And in that time one thing has become fairly obvious: "Digital gold" may not be the best description.

by: bnnbloomberg

Trudeau and the premiers meet to discuss a response to Trump's threatened tariffs

Canada's premiers are set to meet with Prime Minister Justin Trudeau and members of his cabinet today to talk about U.S. president-elect Donald Trump's vow to impose steep tariffs.

by: Euronews

Kazakhstan's digital economy: Fintech growth, cashless payments, and cybercrime prevention

West Connect, we loot at Kazakhstan's fintech growth, its shift toward cashless payments, and efforts to combat cybercrime through international collaboration.

by: Stockhouse

MineHub's 2024 Annual Update and Strategic Outlook for 2025

Vancouver, British Columbia-- (Newsfile Corp. - January 15, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (" MineHub " or the " Company "), a leading provider of digital supply chain solutions for the commodity markets, is pleased to provide its annual corporate update to shareholders.

by: Kiplinger

Citigroup Stock Jumps on Earnings, $20 Billion Stock Buyback News

Citigroup stock is soaring Wednesday after the big bank topped earnings expectations and unveiled a massive stock buyback program. Here's why that's important.

by: NDTV

Union Budget 2025: Expectations Of Indian Startups From FM Nirmala Sitharaman

Here is what the Indian startup community anticipates from the upcoming budget, set to be presented by FM Nirmala Sitharaman.

by: Newsroom

Taxing charities' business income would have 'devastating' impact on communities

According to IRD, in order to successfully register with Charities Services a company's purpose must be fully charitable, defined as relieving poverty, advancing education or religion, or anything else that benefits the community. None of the charity's income can be used or made available to any of its members, trustees or associates.

by: Investopedia

Wondering if a College Degree Pays Off? See How It Affects Lifetime Income

Getting a college degree can increase your chances of having a higher lifetime income. Learn how a college degree can help you reach your financial goals.

by: Forbes

The Future Of Finance: 2025 Is Calling

Get ready for a year of bold innovation, green initiatives and game-changing customer solutions that will redefine how we bank, invest and grow wealth.

by: MSN

Capricorn Daily Horoscope Today (Dec 22-Jan 19), January 16, 2025: Joy and happiness will prevail!

Capricorn Money Horoscope Today You will focus on maintaining commercial organization. Avoid risky situations in business, and maintain balance in transactions. Capricorn Career Horoscope Today Move forward with harmony and be patient with your career and business.

by: Reuters

JPMorgan earns biggest-ever annual profit as investment bankers ride rebound

JPMorgan Chase's annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter, it reported on Wednesday.

by: Forbes

Strategic Networking For CFOs In Transition

Networking will lead to opportunities more quickly when a CFO launches a thorough and targeted networking campaign, identifying a company's size and ownership structure.

by: Forbes

Unleashing Your Financial Superpowers With AI

True entrepreneurial success lies in knowing your numbers and your worth. Here's how to leverage AI to get a better pulse on both so you can stay ahead of the game.

by: Reuters

BNY quarterly profit beats estimates on higher fee income boost; shares jump

BNY beat profit estimates for the fourth quarter on Wednesday as it earned higher investment services fees from its clients, sending its shares up 4.1% to $79.06 in premarket trading.

by: MSN

Bill Ackman Backs Former Hedge Funder Whitney Tilson For NYC Mayor: 'Can Help Save Us' (UPDATED)

This story has been updated to reflect that Bill Ackman's social media post in support of Whitney Tilson's candidacy for New York City mayor did not make a formal endorsement. Former hedge fund manager Whitney Tilson is running for mayor of New York City and he picked up a supporter in the form of Bill Ackman,

by: MSN

D-Wave System's CEO explains quantum computing, error correction, and how customers are using the tech today

Dr. Alan Baratz sits down with TheStreet to explain why Nvidia's CEO is "dead wrong" about quantum computing's future.

by: Reuters

Profits at Wall Street banks jump with trading strength, dealmaking rebound

Profits at some of the biggest U.S. lenders rose in the fourth quarter as dealmaking picked up and trading was boosted by strong equity markets, sparking a rally in banking stocks on Wednesday.

by: Reuters

Goldman Sachs CEO says Apple card partnership may end before 2030

Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.

by: MSN

Ride the Bull Run: 4 Top Coins to Buy and Hold for the Future

As January 2025 kicks off, the cryptocurrency market is alive with innovation and opportunity. Monero is gaining traction as a leader in privacy-focused transactions, and AAVE is solidifying its position in the DeFi ecosystem.

by: MSN

Goldman Sachs profit hits over 3-year high as investment banking, trading fuel bumper quarter

By Saeed Azhar, Manya Saini and Noor Zainab Hussain NEW YORK (Reuters) -Goldman Sachs beat Wall Street estimates and earned its biggest quarterly profit in more than three years as its investment bankers brought in more deal fees,

by: Reuters

Novo Banco owners to receive $1.34 bln when bank makes first dividend payment

U.S. private equity fund Lone Star and Portuguese authorities are set to share 1.3 billion euros ($1.34 billion) when Novo Banco makes its first dividend payout in the coming months.

by: Reuters

Generali aims to ink initial asset management deal with Natixis by Jan. 20, sources say

Italy's top insurer Generali aims to reach a preliminary accord with Natixis Investment Managers to combine their asset management operations in order to submit the deal to its board on Jan. 20, two people close to the matter said.

by: MSN

Yum! Brands appoints Scott Mezvinsky as KFC Division CEO

Scott is one of Yum! Brands' most respected leaders, with more than 20 years of experience with the company in areas including operations, s

by: MSN

Economists explore ways to mitigate recession-induced job loss impacts

Getting laid off and being unemployed for a long stretch ranks right up there with divorce or a death in the family as one of life's most stressful events.

by: Reuters

Shell-CNOOC joint venture to expand south China petrochemical complex

A joint venture of Shell and CNOOC plans to expand its petrochemical facility in south China's Guangdong province in a project targeted for completion in 2028, it said on Wednesday.

by: Reuters

Goldman Sachs profit surges as investment banking, trading fuel bumper quarter

Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.

by: MSN

How A U.S. TikTok Ban Could Impact the Beauty Business

If the U.S. TikTok ban goes into effect on Jan. 19, beauty brands and content creators may flock to Meta- and Google-owned apps, but Instagram is already beauty's top social media platform. India banned TikTok in 2020 and serves as a possible comparison for what could happen in the U.

by: MSN

U.S. Bank CD Rates: Pros, Cons, and Current Rates

Explore U.S. Bank CD rates today. U.S. Bank has standard CDs, CD specials, step-up CDs, and trade-up CDs. See if a U.S. Bank CD is right for you.

by: Reuters

JPMorgan posts record annual profit as dealmakers, traders ride market rebound

JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter.

by: Reuters

BNY fourth-quarter profit rises on boost from higher fee income

BNY reported a 27% jump in its fourth-quarter profit on Wednesday as it earned higher investment services fees from its clients.

by: MSN

Calavo Growers' Q4 Earnings Miss Estimates, Sales Jump 20% Y/Y

Calavo Growers, Inc. CVGW reported fourth-quarter fiscal 2024 results, with the top line surpassing the Zacks Consensus Estimate but the bottom line falling short of the same. Both metrics increased year over year.

by: MSN

Economy May Grow 20% With More Female Staff, World Bank Says

Cherie Blair, the human rights lawyer and wife of former UK Prime Minister Tony Blair, will issue a rallying cry for women to have a louder voice in politics after female representation barely advanced in last year's international elections and as female public figures globally faced increased threats of violence.

by: Reuters

Developer GuocoLand secures green loans totalling $908 million

Real estate group GuocoLand has secured two green loans amounting to a total of S$1.24 billion ($907.8 million) from Singaporean lenders DBS and Oversea-Chinese Banking Corp , it said in a statement on Wednesday.

by: Reuters

French central bank recommends cut in popular savings account interest rate

Bank of France Governor Francois Villeroy de Galhau recommended on Wednesday that the government lower the regulated interest rate on popular tax-free savings accounts, offering French banks relief from payouts that exceed those offered by European peers.

by: MSN

Financial Breakdown: An In-Depth Look at the Bengals' Cap Space, Cash Spend and Ability to Improve Roster

An In-Depth Look at the Bengals' Cap Space, Cash Spend and Ability to Improve Roster This Offseason. The Bengals need to make a plethora of moves on offense and defense this offseason. Do they have the resources and ability to do so?

by: MSN

7 Top Coins to Join in January 2025 for Massive Profits: Don't Miss Out on Qubetics ($TICS) and These Market Movers

The cryptocurrency market has kicked off January 2025 with a bang. Investors everywhere are eager to spot the next big opportunity, and with so many promising projects, it's easy to get overwhelmed. From innovative blockchain solutions to projects reshaping industries like finance,

by: Reuters

UK banks resist mortgage rate hikes amid money market turmoil

Britain's banks are accepting smaller profit margins and bigger risks on UK mortgage lending as stress in sterling money markets stretches into a second week, industry sources said, with appetite to lend greater than worries about higher funding costs.

by: MSN

EPRA Increases Fuel Prices, Details Kenya-UAE Trade Deal, Horticulture Exports Decline

The Energy and Petroleum Regulatory Authority (EPRA) announced revised fuel prices for the period between January 15 and February 14, 2025. In its January 14 report, EPRA announced an increase of Ksh0.

by: MSN

CINF Rises 30% in a Year: Time to Buy the Stock for Solid Returns?

Shares of Cincinnati Financial Corporation CINF have rallied 30% in the past year, outperforming the industry's 20.9% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector's return of 23.

by: MSN

The truth about crypto

From the start, the dream for crypto has always been "be your own bank." I'm being a little simplistic there, but bitcoin, ether, and their digital cousins were supposed to be a smarter flavor of money.

by: MSN

Applied Digital Corporation (NASDAQ:APLD) Q2 2025 Earnings Call Transcript

Q2 2025 Earnings Call Transcript January 14, 2025 Applied Digital Corporation misses on earnings expectations. Reported EPS is $-0.66 EPS, expectations were $-0.14. Operator: Good afternoon, and welcome to Applied Digital's Fiscal Second Quarter 2025 Conference Call.

by: MSN

JPMorgan Chase and Goldman Sachs Post Surging Profits

Big bank profits surged in the fourth quarter and Wall Street roared back to life, with net income rising 50% at JPMorgan Chase and more than doubling at Goldman Sachs.

by: MSN

Leo Daily Horoscope Today (July 23- Aug 22) January 15, 2025: Maintain alertness!

Leo Money Horoscope Today Career and business will remain steady. Pay attention to expenses and investments. Show interest in business activities and maintain a reserved demeanour. Leo Career Horoscope Today Focus on career-related plans and increase work preparedness.

by: MSN

JPMorgan notches another record year of profits

JPMorgan Chase (JPM) churned out more profits than it ever has before as it earned $14 billion in the final quarter of 2024. Its full-year profits rose to $58 billion, an all-time record for JPMorgan and the most ever in the history of American banking.

by: MSN

Generative AI, other Kenyan business trends to note in 2025 that shaped 2024

From government tax policies to market fluctuations and artificial intelligence (AI), most businesses in Kenya embraced the trends that have helped them stay afloat.

UK banks resist mortgage rate hikes amid money market turmoil

Britain's banks are accepting smaller profit margins and bigger risks on UK mortgage lending as stress in sterling money markets stretches into a second week, industry sources said, with appetite to lend greater than worries about higher funding costs.
The article from Reuters, published on January 15, 2025, discusses how UK banks are resisting the pressure to increase mortgage rates despite the ongoing turmoil in money markets. This resistance comes in the wake of economic instability, where money market rates have been fluctuating due to various global financial pressures. Banks are choosing to absorb some of these costs rather than pass them onto homeowners, aiming to maintain customer loyalty and support the housing market. This strategy is influenced by the anticipation of potential economic recovery and the banks' assessments of long-term profitability over short-term gains. However, this approach might not be sustainable if market conditions worsen, potentially leading to future rate adjustments.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/uk-banks-resist-mortgage-rate-hikes-amid-money-market-turmoil-2025-01-15/

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