• Thu, January 16, 2025

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: AOL

Bankruptcy Filings Jumped in 2024: Are You at Risk of Filing?

Many Americans are struggling financially, despite what their social media highlights show. According to the most recent federal statistics, bankruptcy filing surged by a total of 16.2%

by: Forbes

This Week In Credit Card News: Medical Credit Cards Are Being Pushed On Patients

Medical credit cards are increasingly pushed on patients across America as the costs of health, dental, and veterinary procedures rise. CareCredit had 12 million cardholders and 270,000 participating providers in 2024,

by: Reuters

World Bank warns that US tariffs could reduce global growth outlook

The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America's trading partners retaliate with tariffs of their own.

by: unite

The Rise of Agentic AI: A Look Back at 2024 and Predictions for 2025

by: MSN

David Staples: Numerous reasons we can't trust Mark Carney to put Canada first

If you're looking for a leader who will put Canada first, Mark Carney is not your guy. I say this even as Carney is many things that Justin Trudeau is not — brainy, experienced in business, and from Western Canada.

by: Reuters

Former Bank of Canada governor Carney enters race to replace Trudeau

Former Bank of Canada governor Mark Carney announced on Thursday that he was running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party, saying he wanted to focus on the struggling economy.

by: Forbes

Fifth Third Bank's CIO On AI, Cloud And Customer-Centric Innovation

As the CIO of Fifth Third Bancorp, Jude Schramm has been instrumental in steering the Cincinnati-based national banking institution through a major digital journey.

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: MSN

How California's catastrophic wildfires are inflaming the state's insurance crisis

The wildfires scorching Southern California are turning entire neighborhoods into ash, decimating expensive properties and exacerbating an insurance crisis that predates the infernal blazes. Costs are quickly mounting as the Los Angeles area's disaster continues to unfold,

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

Wall St subdued after strong session; focus on earnings

Wall Street's main indexes took a pause on Thursday following strong gains in the previous session, helped by a batch of bumper earnings from major banks, while investors assessed data to gauge the outlook for interest rate cuts this year.

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: MSN

Bipartisan group of senators tells Biden admin to halt 'secret negotiations' with foreign trade partners

The Biden administration is being accused of working to circumvent Congress in its efforts to push an eleventh-hour change to some of the United States' free trade agreements.

by: MSN

Former Bank of England governor running to replace Trudeau as Canada's PM

Former Bank of England governor Mark Carney has announced he is running to replace Justin Trudeau as leader of the Liberal Party and prime minister of Canada.

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: 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: 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

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: MSN

Billionaire Mark Cuban Proposes TikTok Alternative - Could It Help You Replace Lost Income?

A TikTok ban could shake up the U.S. economy. Mark Cuban's alternative aims to save creators, small businesses, and advertisers alike.

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: MSN

8 Surprising Things NFL Stylist Tom Marchitelli Learned from Dressing Travis Kelce, Gronk and More (Exclusive)

Marchitelli has designed and styled suits for the biggest names in sports with a client roster of 500-plus athletes across the NFL, MLB and NBA

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: 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

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: 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: 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,
  • Fri, January 17, 2025

by: sinchew

Global finance leaders set tone for 2025 at the Asian Financial Forum

HONG KONG SAR - Media OutReach Newswire - 16 January 2025 - The 18th Asian Financial Forum (AFF) concluded successfully on January 14 after a two-day run at the Hong Kong Convention and Exhibition Centre,

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.
The article from Reuters, published on January 15, 2025, discusses the financial performance of major Wall Street banks in the fourth quarter of 2024. Profits at these banks surged due to a combination of robust trading revenues and a rebound in dealmaking activities. Notably, banks like JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo reported significant earnings growth. The increase was driven by a strong performance in fixed-income trading, equities, and investment banking, which saw a resurgence in mergers and acquisitions as well as initial public offerings. Despite economic uncertainties, the banks managed to navigate through challenges like higher interest rates and regulatory pressures, with some also benefiting from reduced provisions for credit losses. However, the article also hints at potential future headwinds, including geopolitical risks and the ongoing need for banks to adapt to digital transformation and regulatory changes.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/wrapup-profits-wall-street-banks-jump-with-trading-strength-dealmaking-rebound-2025-01-15/

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