• Tue, January 21, 2025

by: cfodive

6 big AI agent rollouts that impact finance teams

by: BBC

Treasury steps in to protect car loan firms' payouts

The government has intervened to stop car loan firms from potential multi-billion pound compensation payments over concerns they could have a significant and potentially damaging impact on the motor finance market.

by: AOL

Cloudflare CEO on why Apple's Tim Cook, Meta's Mark Zuckerberg, and other tech leaders are bending to Trump

Cloudflare CEO Matthew Prince says the Trump administration should make cybersecurity defenses mission critical.

by: Reuters

US South hit by rare winter storm, deep freeze blankets much of country

A rare winter storm churned across the U.S. Gulf Coast on Tuesday, bringing heavy snow, ice and wind gusts to a region where flurries are unusual, while much of the United States remained in a deep freeze.

by: MoneyWeek

Wage growth in UK jumps ahead of inflation

Latest job market data from the ONS shows that wages grew faster than inflation from September to November, but also reveal a worrying rise in unemployment rates

by: Moneyweb

Reasons SMEs remain small - and how one company is solving this problem

"That suggests to us that SA companies are unable to compete internationally because the margins are too low, or they lack access to the finance or the overseas business networks," says Faadil Moti, CEO and co-founder of 80eight.

by: cnbctv18

Budget 2025 Highlights: Key recommendations for FM Sitharaman to boost financial inclusion and retail investment

As FM Nirmala Sitharaman's team preps to announce Budget 2025, industry bodies have been submitting their wishlist with capex and infrastructure spending, increased income tax exemption and boost to jobs featuring among the key demands.

by: MSN

Is JPMorgan Stock a Buy Post Q4 Earnings & Under Trump 2.0 Policies?

The largest American lender, JPMorgan JPM, announced fourth-quarter and full-year 2024 results on Jan. 15, before the opening bell. The company's quarterly top and bottom-line numbers easily outpaced the Zacks Consensus Estimate.

by: Forbes

Trump's Fossil Fuel Expansion Could Derail Clean Energy Momentum

Commodities tied to clean energy and electrification showed resilience in 2024, despite the global manufacturing slowdown and Trump's roll back of "green" agenda items.

by: MSN

Budget 2025: Higher 87A tax rebate, deduction on home loan, income tax slab and more, what experts demand from FM to boost consumption

Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM. A strong case for linking income tax slabs with inflation makes sense now.

by: Reuters

How a flood of finance for sustainable seafood could help save the ocean

Aquaculture is a leading contributor to the failing health of the ocean. Shrimp ponds in Lombok, Indonesia, have devastated climate-critical mangrove forests and contaminated the groundwater. Seaweed farms in Mindanao,

by: Forbes

At The Dawn Of A New Era, CFOs Are Optimistic

OneStream CFO talks AI in finance, no Trump tariffs on day one, holiday spending surges while consumer confidence drops.

by: Reuters

Economists ramp up projections for Brazil's interest rates to above 15%

Economists have launched a fresh wave of upward revisions to projections for Brazil's interest rate this year, citing deteriorating inflation expectations, a weaker currency and lingering concerns over the fiscal outlook of Latin America's largest economy.

by: MSN

Sagittarius Daily Horoscope Today (Nov 22- Dec 21), January 22, 2025: Profitability will increase!

Sagittarius Money Horoscope Today Strengthen career and business. Focus on financial gains. Stay ahead in commercial activities. Profitability will increase. Enhance your status and wealth. Sagittarius Career Horoscope Today Stay motivated by positive outcomes.

by: MSN

Singapore's private sector output growth slows in December

by: Reuters

Portugal to import more US, Nigerian LNG, aims to end Russian supply

Portugal plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia, Environment Minister Maria da Graca Carvalho said on Tuesday.

by: Reuters

UK to conduct zero based review on government spending, deputy finance minister says

Britain's deputy finance minister Darren Jones said on Tuesday the government would conduct the first zero based review of spending in 17 years.

by: MSN

2 Utility Stocks to Buy This January

Meta (Facebook), Microsoft, Nvidia, and Tesla - all have one aspect of technology in common. They all have a division of their business devoted to artificial intelligence (AI). Excitement and anticipation over the potential of AI to revolutionize many aspects of both business and personal

by: MSN

Treasury nominee Scott Bessent clears key Senate hurdle on way to likely confirmation

Treasury Secretary designee Scott Bessent's nomination advanced past a key Senate committee Tuesday, teeing up his likely confirmation with a full floor vote in the coming days. The Senate Finance Committee,

by: MSN

The Gold Rush Reloaded: Trends and Insights with Clive Thompson

Clive Thompson, a veteran of the wealth management industry, recently shared his insights on the gold market in an interview with Natural Resource Stocks.

by: MSN

Willis' greater economic powers could come at a cost

The PM has made the finance minister a 'super minister' by adding the rebranded economic portfolio to her plate. What will that look like? The post Willis' greater economic powers could come at a cost appeared first on Newsroom.

by: MSN

Insiders question Zuckerberg's Trump-era Meta-morphosis: 'He's a chameleon'

It hasn't been lost on Meta (META) employees that their chief executive, Mark Zuckerberg, is going through a true metamorphosis. In recent weeks, employees say they've grown increasingly concerned and unhappy over their founder's public embrace of President Donald Trump,

by: MSN

FCA faces growing calls for overhaul amid criticism

by: MSN

Florida ranked #1 state for launching your new business

With around 1 in 5 new businesses failing within the first year and inflation making things even more difficult, the personal finance website WalletHub today released its report on the Best & Worst States to Start a Business in 2025.

by: MSN

Biggest Money Doubling Down On Gold | Andy Schectman & Mario Innecco

Liberty and Finance hosted Andy Schectman and Mario Innecco to discuss the current state of the global financial system. Key concerns included rising interest rates, strains on the insurance industry

by: MSN

Davos Bankers Feel Trump Tailwind That Leaves Europe Chasing US

At the World Economic Forum in Davos, a fresh division in global banking is emerging: firms that get to enjoy the sound of rules being torn up in Washington, and those that get to worry they'll be left behind.

by: MSN

The Sudden Shift in Big Banks' Stance on Fighting Climate Change

Near the end of 2024, the world's hottest year on record, major U.S. banks and asset managers withdrew from initiatives under which they had committed to adhere to lending and business practices that would help achieve net zero greenhouse gas emissions by 2050.
  • Wed, January 22, 2025

by: Firstpost

Budget 2025: PLI schemes, duty overhaul and business reforms take centre stage

Boosting manufacturing, rationalising duties and enabling ease of business mark are likely to be the focus of Budget 2025

by: Outlookindia

Exclusive Interview With Himalay Goel: Driving Innovation In Fintech And Investment Banking

Himalay Goel's journey serves as a testament to the power of adaptability, innovation, and leadership in a rapidly changing financial landscape.

by: Crikey

Qantas, startups, 'soft corruption': Joe Aston on going it alone

Joe Aston becomes one of the first big-name journalists in Australian media to attempt a US-style independent venture, with help from some old friends.

by: Mint

Ally Offloads Credit-Card Business, $2.3 Billion Loan Portfolio

Ally Financial Inc. reached a deal to offload its credit-card unit to CardWorks Inc., bowing out of a business it entered just over three years ago.

by: Mint

Union Budget 2025 Expectations Live Updates: Finance Minister Nirmala Sitharaman's 8th speech highly anticipated

Industry watchers are awaiting a host of measures from Finance Minister Nirmala Sitharaman — from income tax slabs, GST rationalisation, infrastructure allocation, and regulatory updates, to address economic distress and consumer sentiment.

by: Forbes

The Cost Of Confidence: How Overconfidence Could Destroy Your Business

The gap between confidence and overconfidence is invisible. Crossing it can cost you everything. The best leaders know the balance—confidence paired with humility, boldness grounded in caution and vision sharpened by self-awareness.

by: Reuters

UK finance minister wants lower taxes, less regulation

British finance minister Rachel Reeves said the country's finances were now in order following her October budget, and her future instincts were for lower taxes and less regulation.

by: MSN

Asset tokenization can unlock financial inclusion for LATAM's unbanked

Asset tokenization may transform Latin America's financial systems and the broader economy, according to a report published by Mastercard and Ava Labs. On Jan. 21, payment services giant Mastercard issued a white paper co-authored by Ava Labs,

by: MSN

Skeptical of Russia's data, some Western officials judge its economy by looking at Moscow from space

Russia claims its withstanding the impact of sanctions. Sweden's finance minister said satellite images show a different story.

by: MSN

Opportunities and Challenges When You Inherit an IRA

New SECURE 2.0 Act rules have kicked in to reshape distribution and taxes for inherited IRAs and retirement plans. Read on for strategies to help beneficiaries.

by: MSN

Trump inheriting fiscal gauntlet

President Trump wasted no time in getting to work on his first day in office with a range of executive orders but the fiscal house he's inheriting may prove more challenging to fix.

by: MSN

Budget 2025 Expectations: Will FM Nirmala Sitharaman Ease Capital Gains Tax? Here's What We Know

With Union Budget 2025 approaching, taxpayers eagerly await potential relief measures. While no changes to the current capital gains tax framework are expected, Finance Minister Nirmala Sitharaman's 2024 Budget had hiked short-term and long-term capital gains taxes to 20% and 12.

by: MSN

UK replaces competition watchdog's chair with ex-Amazon boss after anti-growth criticism

The British competition regulator tapped a top former Amazon executive as its new chair after accusations from Prime Minister Keir Starmer of stifling growth.

by: MSN

Trump's tariffs on Mexico, Canada: Companies that have raised alarms

On his first day back in office, President Donald Trump reiterated plans to impose levies on products from Mexico and Canada despite concerns from the retail industry.

by: MSN

Save more than $1,000 a year by switching to the envelope budget

Payment processing fees are just one more burden for retailers and consumers. It's time to make cash king again.

by: MSN

Pisces Daily Horoscope Today (Feb 19-Mar 20), January 22, 2025: Focus on improving health!

Pisces Money Horoscope Today Exercise caution in financial matters. Adopt a smart delay strategy in career and business. Profit margins will remain moderate. Pisces Career Horoscope Today Focus on learning and training.

by: MSN

PNC CD Rates: Pros, Cons, and Current Rates

Explore PNC CD rates. Our guide explains PNC CD options, CD security, and current rates. We can help you decide if a PNC CD fits your financial goals.

by: MSN

Taurus Daily Horoscope Today (April 20- May 20), January 22, 2025: Make thoughtful decisions!

Taurus Money Horoscope Today Business outcomes will improve. Business activities will remain steady. Aim to capitalise on opportunities. Taurus Career Horoscope Today Choose goals wisely without taking risks.

by: MSN

UK ousted antitrust chair over lack of focus on growth, Reeves says

Britain forced out the chair of its antitrust regulator because he was not focused enough on the government's drive to boost economic growth, finance minister Rachel Reeves said on Wednesday. Marcus Bokkerink was replaced late on Tuesday by the former Amazon executive Doug Carr on an interim basis,

by: MSN

Jio Financial Services shares in focus after Rs 117 crore infusion in mutual fund business

Both JFSL and BlackRock have subscribed to 5.85 crore equity shares, each priced at Rs 10, in Jio BlackRock Asset Management Private Limited, a 50:50 joint venture between the two companies. This investment amounts to Rs 117 crore,

by: MSN

Going beyond sustainability reporting: the time for climate action is now

South African businesses face mounting pressure to move beyond mere sustainability reporting to tangible climate action. With a R45 trillion global investment need and growing international scrutiny,

The Sudden Shift in Big Banks' Stance on Fighting Climate Change

Near the end of 2024, the world's hottest year on record, major U.S. banks and asset managers withdrew from initiatives under which they had committed to adhere to lending and business practices that would help achieve net zero greenhouse gas emissions by 2050.
The article from MSN discusses a notable shift in the stance of major banks regarding their involvement in climate change initiatives. Previously, big banks were increasingly aligning with environmental, social, and governance (ESG) criteria, committing to reduce their carbon footprint and support green initiatives. However, recent developments show a reversal in this trend. Banks like JPMorgan Chase, Bank of America, and Citigroup have either scaled back or completely withdrawn from climate-focused alliances like the Glasgow Financial Alliance for Net Zero (GFANZ). This retreat is attributed to several factors including political pressure from Republican lawmakers who have criticized these commitments as potentially violating antitrust laws, and a broader backlash against ESG investing. Additionally, there's a growing concern about the financial implications of these commitments, with banks facing potential losses from fossil fuel divestment and regulatory scrutiny. This shift indicates a complex balancing act for banks between environmental responsibility and economic profitability, highlighting the challenges in aligning financial strategies with climate goals.

Read the Full MSN Article at:
https://www.msn.com/en-us/money/other/the-sudden-shift-in-big-banks-stance-on-fighting-climate-change/ar-AA1xB9Xx

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