• Wed, January 15, 2025

by: Forbes

Why Digitization Will Transform The Small Business Economy Under Trump

President-elect Donald Trump at the Palm Beach Convention Center on November 06, 2024. (Photo by ... [+] Chip Somodevilla/) . Whenever a new president is i

by: Reuters

Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks

Citigroup swung to a profit in the fourth quarter, fueled by strength in trading and a recovery in dealmaking that drove up investment banking fees.

by: YourTango

People Who Master These 10 Challenges Almost Always End Up In Jobs They Love

Success factors in your next career phase are determined by your commitment to focus on communicating, networking, lifelong learning, and flexibility. Reimagine your career paths to be broader than just one field or role. Rather than being fixed and predictable from present circumstances and experience, be open to possibilities.

by: MSN

West Hartford shares economic development over the past year

West Hartford town officials shared an update on new businesses and housing projects during the annual economic development luncheon on Wednesday. The presentation was given to West Hartford Chamber of Commerce members at the Pond House Cafe.

by: Reuters

Wells Fargo raises interest income forecast as strong dealmaking drives profit beat

Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said on Wednesday.

by: MSN

Stocks to Watch: Adani Green, HDFC AMC, Hindustan Zinc, Adani Energy, and IRFC

Here's a quick look at stocks likely to be in focus in today's trade. HDFC AMC: HDFC Asset Management Company's (AMC's) net profit surged 31.4 percent to 641.4 crore in the thir
  • Thu, January 16, 2025

by: cnbctv18

Budget 2025 Expectations LIVE Updates: Key expectations ahead of Finance Minister Nirmala Sitharaman's February 1 presentation

Finance Minister Nirmala Sitharaman will present the Budget for the financial year 2025-26 on February 1. On the day of NDA 3.0's Budget announcement, BSE and NSE will also remain open for trading to ensure live trading coincides with the Budget announcement.

by: sinchew

HKPC "ForeSight 2025" Explores Economic Future and Champions Sustainable Development in Hong Kong

Experts explore new economic opportunities presented by New Productive Forces, with a focus on comprehensive support for businesses HONG KONG SAR - Media OutReach Newswire - 16 January 2025 - As 2025 unfolds,

by: NDTV

The Difference Between Interim Budget And Full Budget

Lok Sabha elections, Finance Minister Nirmala Sitharaman announced an interim budget in February to manage the government's immediate financial needs.

by: TechRadar

Identifying the evolving security threats to AI models

The new threats facing AI models and users. As the use of AI expands, so does the complexity of the threats it faces. Some of the most pressing threats involve trust in digital co

by: timesnownews

UPI Goes Global: NIPL and Magnati Bring QR-Based Payments to UAE Merchants

NPCI International Payments Limited (NIPL) has partnered with UAE-based Magnati to expand UPI-based QR merchant payments in the Middle East. This collaboration aims to enhance payment options for over 12 million Indian travelers annually,

by: CNET

ExpressVPN Identity Defender Review: Great VPN, Basic ID Theft Protection

While ExpressVPN is primarily a virtual private network, the platform offers some identity theft protection features.

by: Kiplinger

Could ESG Funds be Removed from Your 401(k) Plan?

American Airlines case did not involve ESG funds or ESG products. Rather, the lawsuit took aim at the airline for using an invest

by: Kiplinger

The Fine Print: What Trump Isn't Telling You About His Tax Plans

Knowing the impacts of various tax proposals can empower you to make informed financial decisions as we move through 2025.

by: AOL

Massive new Trump tariffs are looming. Here's how these import 'taxes' work and who pays for them

New tariffs are likely coming in Trump's second term. While companies owe these import taxes, consumers usually foot the bill.

by: Forbes

Investing In Women: A Strategic Imperative For Diverse And Profitable Venture Capital

Diversity in venture capital (VC) has emerged as a pressing issue, with the industry facing a stark underrepresentation of women and other diverse demographics among both investors and entrepreneurs. This lack of representation is not merely a matter of equity; it significantly impacts innovation and overall performance within the sector.

by: Kiplinger

Taiwan Semiconductor Earnings Fuel a Rally in Chip Stocks

Taiwan Semiconductor stock is higher Thursday after the chip manufacturer beat expectations for its fourth quarter and issued a strong outlook. Here's what you need to know.

by: Reuters

US CDC recommends faster testing for bird flu in hospitalized patients

People hospitalized for flu should be tested for bird flu within 24 hours, the U.S. Centers for Disease Control and Prevention said on Thursday, in an expansion of the agency's efforts to tackle increasing infections in humans.

by: Kiplinger

Seven Tips to Land Your First Client as a Financial Adviser or Entrepreneur

Whether someone is a financial adviser, planner or financial business owner, being new to the industry comes with its own set of challenges — especially when it comes to finding that first client. While you may have the right credentials and the passion for helping others with their money,

by: Forbes

Made In America: 5 Strategies To Respond To Potential Tariffs

The easiest path—to continue with current offshore manufacturing and importing as is—will also be the costliest. President-elect Donald Trump made tariffs a cornerstone of his campaign. He has since doubled down, promising a 25% tariff on goods from Canada and Mexico, and a 10% raise (perhaps above the previously pledged 60%) on imports from China.

by: Kiplinger

Asset Protection for Affluent Retirees in 2025

Putting together a team of advisers to assist with insurance, taxes and other financial issues can help with security, growth and peace of mind.

by: Forbes

Five Web3 Trends To Watch In 2025: AI, DePINs, RWAs And Beyond

The Web3 ecosystem could be positioned for unprecedented growth in 2025, but success will require strategic planning, bold execution and relentless user focus.

by: Reuters

Car plants in Europe, North America face closures in 2025, Gartner says in report

Several European and North American car factories are at risk of being closed or sold this year as automobile brands struggle with overcapacity and price competition, research and advisory firm Gartner said in a report on Thursday.

by: Kiplinger

A Strategic Way to Address the Tax-Deferred Disconnect

What you don't know could cost you a small fortune. Here's how to make the most of a tax-deferred retirement account and possibly save your heirs a bunch on taxes.

by: Reuters

Citigroup cuts more jobs to meet expense goals, Bloomberg News reports

Citigroup is cutting more jobs this week to meet CEO Jane Fraser's expense goals, Bloomberg News reported on Thursday, citing people familiar with the matter.

by: MSN

American Express To Pay $230M For Misleading Small Business Customers

American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products.

by: Reuters

US consumer finance watchdog fines payments firm Block over Cash App operations

The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty citing fraud and weak security protocols on its mobile payment service Cash App.

by: Reuters

Morgan Stanley's profit more than doubles on boost from dealmaking, stock sales

Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record.

by: MSN

Scaramucci, Ackman Donate to Whitney Tilson's NYC Mayoral Run

Anthony Scaramucci, Bill Ackman and many others in the finance industry have helped Whitney Tilson build his treasure chest to run for mayor of New York City.

by: MSN

Pisces Daily Horoscope Today (Feb 19-Mar 20), January 17, 2025: Stay humble!

Pisces Money Horoscope Today Activity in commercial work will increase, and you will focus on your career and business goals. You will maintain patience in financial transactions and avoid being cheated.

by: Reuters

PNC Financial's profit rises on interest income growth, lower rainy-day funds

PNC Financial on Thursday reported a higher fourth-quarter profit as it earned more in interest payments and set aside less capital to cover potential loan defaults.

by: Reuters

EV maker Polestar's full-year car sales miss forecast

Polestar said on Thursday it sold fewer-than-expected cars and the Swedish EV maker's CEO added that it will take longer for the company to be profitable.

by: MSN

UK economy rebounds but headwinds remain for govt

Britain's economic growth rebounded less than expected in November, official data showed Thursday, dealing a fresh blow to a Labour government that is battling headwinds. Following the growth data, yields on UK government bonds steadied after having cooled significantly Wednesday.

by: MSN

UnitedHealth CEO Andrew Witty remembers Brian Thompson's impact on the business

NASA satellites captured a "phantom island" before it vanished as suddenly as it appeared.

by: Reuters

Morning Bid: Inflation relief and bumper bank earnings

Global unemployment remained steady last year at an historical low of 5%, where it is set to stay in 2025, the International Labour Organization said in a report on Thursday.

by: Reuters

Bank of America profit rises on investment banking boost

Bank of America reported higher profit on Thursday as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter.

by: MSN

Warren demands clarity for big business exemptions to Trump's tariffs

One economic unknown is whether President-elect Trump's tariffs will cover all imported goods, as previously threatened. But Sen. Elizabeth Warren (D-Mass.) wants to know the opposite: which companies will get exemptions and how that will be determined,

by: MSN

From Loss to Recovery: Small business owner fights back after $50,000 bank imposter scam

From Loss to Recovery: Small business owner fights back after $50,000 bank imposter scam

by: Reuters

M&T Bank fourth-quarter profit jumps 41% on higher fee income

M&T Bank on Thursday reported a 41% rise in fourth-quarter profit, as it earned more in fees from institutional services and the wealth management business after markets soared on interest rate cuts and U.

by: MSN

Polestar Automotive expects positive adjusted EBITDA in 2025

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) swung lower in early trading after the electric vehicle maker reported Q3 results and updated on its profitability expectations. Revenue fell 10% in Q3 on a restated basis and adjusted EBITDA was -$181 million.

by: Reuters

Bank CEOs expect Trump bump to business as profits surge

Wall Street CEOs voiced confidence on Wednesday that the incoming U.S. administration would be business-friendly and good for banks as they reported a profits surge after dealmaking and trading picked up.

by: Reuters

Indian central bank's daily liquidity infusion to aid money markets, traders say

Reserve Bank of India's plan to infuse liquidity into the banking system daily via variable rate repo (VRR) auctions will lead to a drop in overnight interbank and money market rates, as well as near-end overnight index swaps,

by: MSN

Dimon Sees Red Flags for Markets in a Healthy Economy. Here's Why and 5 Other Things to Know Today.

Signs point to a Fed pause on rate cutting, TSMC profit jumps amid strong AI chip demand, and more news to start your day.

by: MSN

Lenders expect mortgage demand to shrink in early 2025, Bank of England finds

Lenders expect mortgage demand to shrink in early 2025, Bank of England finds - The latest survey findings point to the financial strain on households against a backdrop of continued inflationary pressures,

by: MSN

Team SA ready to showcase nation's potential at WEF in Davos

South African government and business leaders prepare to present a unified message at the World Economic Forum in Davos, highlighting economic progress and successful public-private partnerships. Finance Minister Godongwana leads delegation with optimistic outlook despite recent challenges.

by: MSN

US Firm Behind Adani Scandal Investigation Announces Closure

A US-based financial research firm, Hindenburg Research, which exposed questionable business practices within the Adani Group has announced its closure. In a surprising turn of events, Nathan (Nate) Anderson,

by: MSN

THIS man married an actress who made her debut with Shah Rukh Khan and has net worth Rs 110 crore, she is...

This LA-based finance analyst got married to a popular Bollywood actress. She made her debut with Shah Rukh Khan. Can you guess who the couple is?

by: MSN

Why is Apple replacing Goldman Sachs as its credit card partner?

Apple's ongoing search for a new credit card partner has drawn significant attention in financial circles, not just for its implications for the tech giant, but also for what it reveals about shifting priorities within Wall Street.

Wells Fargo raises interest income forecast as strong dealmaking drives profit beat

Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said on Wednesday.
Wells Fargo reported a significant increase in its fourth-quarter profit, driven by a robust performance in its investment banking division. The bank's earnings for the quarter ending December 31, 2024, showed a notable rise in net income, attributed to higher interest rates and a surge in deal-making activities. Investment banking fees soared due to increased mergers and acquisitions, equity and debt underwriting, and advisory services. Additionally, Wells Fargo benefited from a reduction in expenses related to legal and regulatory issues, which had previously weighed on its financials. Despite these gains, the bank continues to navigate through regulatory challenges and focuses on improving its operational efficiency and customer service.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/wells-fargo-earnings-climb-investment-banking-shines-2025-01-15/

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