Thu, January 23, 2025

by: Forbes

This Week In Credit Card News: Cardholders Stressed With Rising Balances And Delinquencies

A Record Number of Consumers Are Making Minimum Credit Card Payments as Delinquencies Also Rise

by: Reuters

Los Angeles artists, collectors reel from wildfires

The city's artists and art collectors are mourning what could amount to billions of dollars in irreplaceable art that went up in flames.

by: Reuters

India set to raise farm budget by over 15%, biggest increase in six years

India plans to increase spending for the agriculture sector by about 15% to around $20 billion in next month's budget, two government sources said, marking the biggest increase in six years, as it tries to boost rural incomes and curb inflation.

by: Tuko

Kenya's Debt Distress: Govt Warned to Reduce Borrowing, Cut Taxes to Salvage Falling Economy in 2025

President William Ruto's administration faces a high risk of debt distress in 2025, which could further sink Kenya's economy. Institute of Public Finance (IPF) Kenya Macro Fiscal Analytic Snapshot 2025, indicated that Kenya has breached all the International Monetary Fund (IMF) debt sustainability ratios.

by: Forbes

How Companies Can Incorporate AI Into Everyday Tasks

Large organizations need AI that can work across domains, handle tasks end-to-end and make smart decisions on its own.

by: businessday

Meet the top 10 tech founders accelerating Nigeria's digital space

Nigerian tech leaders are at the forefront of Africa's digital transformation, revolutionising mobile technology, e-commerce, and

by: Forbes

FinCrime In The Age Of AI

FinCrime stands out as one of the critical issues within the realm of artificial intelligence that demands attention in the years ahead.

by: Forbes

How Trump's First Round Of Executive Orders May Impact Jobs And Housing Costs

With President Donald Trump back in the White House, big economic shifts could be coming for housing and job markets across the country. From tariffs on building materials to deregulation in housing and a renewed push for domestic manufacturing,

by: Forbes

Why The "Bitcoin President" Is Really More Of An "Ethereum President"

Donald Trump's recent cryptocurrency moves reveal a more substantial alignment with Ethereum's ecosystem than Bitcoin, challenging the "Bitcoin President" label and

by: MSN

Supported by the Luxembourg Government, the LHoFT and the ADB Announce the 2nd Edition of Catapult | SE Asia 2025

The Luxembourg House of Financial Technology (LHoFT) announces the second edition of Catapult: Inclusion Southeast Asia, an acceleration program dedicated to advancing financial inclusion across the ASEAN region.

by: MSN

Stevens Point Common Council clears path for Business 51 reconstruction to begin in 2026

The long planned and debated reconstruction of Business 51 will likely begin next spring but some early preparation work could be seen this year.

by: Reuters

Exclusive: The Trump connection - Why some bought World Liberty Financial tokens

On Sunday, just before Donald Trump's inauguration, crypto investor Mike Dudas bought more than $145,000 worth of tokens from World Liberty Financial, a fledgling crypto company partly owned by the U.

by: Reuters

Britain appoints Alok Sharma to chair Transition Finance Council

The UK government and City of London Corporation have chosen Alok Sharma to chair the Transition Finance Council, as Britain bids to become a global hub for financial products and services that facilitate an economy-wide transition to net zero.

by: Reuters

Boosting gas output while keeping prices low a tough task for Trump

It may take more than a Sharpie pen and White House cheerleading to change natural gas output levels in the United States.

by: MSN

These Are The Cheapest Grocery Stores In America Right Now

The inflation rate has its ups and downs, but one thing seems to always remain constant these days: high grocery prices. The cost of everything from produce to packaged goods to pantry essentials has been increasing for years.

by: Goodreturns

Budget 2025 Expectations: What's In Store For Taxpayers Under The New Tax Regime?

While the current regime offers concessional tax rates and restricts the ability to claim the majority of exemptions and deductions, the previous system gave taxpayers the opportunity to claim a variety of exemptions and deductions.

by: MSN

L&T Finance Ltd. Records Consol. PAT at Rs. 2,007 Cr for 9 Months Ended Dec. 31, 2024, A Growth of 14 percent Over 9 Months Ended Dec. 31, 2023

L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded a consolidated Profit After Tax (PAT) at Rs. 2,007 Crore for the nine months ended December 31,

by: cnbctv18

Why banks are nervous amid economic and regulatory shifts

The slowdown in deposit growth relative to credit expansion has become a focal point for both the Reserve Bank of India (RBI) and the government. Here's more

by: cnbctv18

Budget 2025 Expectation Highlights: India Inc outlines key expectations from FM Sitharaman

The Union Finance Minister Nirmala Sitharaman is set to present her eighth budget on February 1. With the economy grappling with slowing domestic growth and global uncertainties, the budget is likely to focus on tax simplification,

by: Reuters

Swedbank operating profit beats forecast, hikes dividend

Swedish banking group Swedbank reported fourth-quarter operating earnings above market expectations on Thursday on the back of robust interest income and credit quality and proposed a bigger-than-expected hike of its annual dividend.

by: Upstream

Halliburton financials hit by softer markets in Americas

by: AOL

PepsiCo CEO: Not worried about being targeted by Trump administration's food industry critics

PepsiCo CEO Ramon Laguarta states his case to those in the new Trump administration possibly eyeing the health of the food industry.

by: Reuters

Discover Financial fourth-quarter profit jumps on lower loan loss provisions

U.S. credit card issuer Discover Financial posted a more than threefold increase in fourth-quarter profit on Wednesday, helped by a drop in provisions for credit losses and a rise in interest income.

by: MSN

The government is on a charm offensive in Davos, but businesses are sceptical

UK business confidence is set to decline compared to 2024, with more than half of all UK executives expecting business risks to increase in the year ahead, says Heather Blundell Chancellor Rachel Reeves has attended the World Economic Forum's annual meeting in Davos this week with a clear mission - to convince global CEOs and

by: MSN

Why Checking Your Loan Amount With A Gold Loan Calculator Is A Must

Gold loans have become a popular financial solution for those seeking quick and reliable funding options. With minimal documentation, competitive interest rates, and swift disbursal, they offer convenience in times of financial need.

by: MSN

Alphabet Inc. (GOOGL): Revolutionizing AI-Powered Media with Gemini and AP Collaboration

We recently published a list of 10 AI News Making Waves on Wall Street. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other AI news making waves on Wall Street.
Wed, January 22, 2025

by: Kiplinger

Four Ways to Invest in Quantum Computing

Quantum computing offers mind-boggling problem-solving potential. Here are four ways to buy quantum computing stocks.

by: Reuters

Volkswagen seeks new era in Germany with old methods

For all its talk of radical change, Volkswagen's cost-cutting deal in Germany relies heavily on the automaker's tradition of cooperation between managers and workers, according to details disclosed by company sources.

by: AOL

The abrupt closing of activist short-seller Hindenburg highlights 'wear and tear' of betting against stocks

The disbanding of activist short seller Hindenburg Research last week made it clear: The business of uncovering fraud in public companies has become one of the riskiest, burdensome, and often loathed corners of Wall Street.

by: AOL

Salesforce CEO Marc Benioff's war of words with Microsoft rages on at Davos

DAVOS, SWITZERLAND — The weather may have been teeth-chattering along the promenade in Davos, but that didn't stop Salesforce ( CRM) co-founder and CEO Marc Benioff from firing off a few new choice words on AI rival Microsoft ( MSFT ).

by: AOL

C3 AI Teams Up With McKinsey For AI-Driven Business Transformations: Details

C3 AI, Inc. (NYSE:AI) shares are trading higher on Wednesday. The company disclosed a strategic alliance with McKinsey & Company at Davos to accelerate Enterprise AI transformations. The partnership combines McKinsey's AI expertise through QuantumBlack with C3 AI's advanced Enterprise AI software to drive operational improvements and offer new growth opportunities for clients across industries.

by: Reuters

Commerzbank says UniCredit's approach is hostile and unilateral

Commerzbank on Wednesday defined UniCredit's approach for a potential tie-up as "hostile", and said there had been no discussion of it with the Italian bank in the past two years, despite UniCredit CEO Andrea Orcel saying there had.

by: Forbes

Unlocking Impact: A Strategic Guide To Blended Finance

There is real momentum in the blended finance movement because it can deploy more capital into financing opportunities outside of traditional investments.

by: Forbes

20 Go-To Resources For Small Business Finances

Reviewing your forecasts weekly and monthly, respectively, helps you to course correct or make agile, data-driven decisions to reach your long-term goals.

by: Reuters

US clean power groups turn to longer deals to finance growth

A buoyant tax credit market, long-term partnerships and financial hedges are allowing U.S. clean power developers to mitigate the impact of high interest rates.

by: AOL

Walgreens replaced its refrigerator doors with digitized ad-laden glass. It might become a $200 million debacle

Cooler Screens shut down access to hundreds of the digitized fridge doors, which Walgreens claims affected sales.

by: Kiplinger

Why GE Vernova Stock Is Higher After Its Earnings Miss

GE Vernova stock is trading up on Wednesday even after the power company came up short of estimates for its fourth quarter. Here's what investors need to know.

by: Forbes

Retailers Flooded By Returns Need A Three-Pronged Fix

Returns may reach nearly 17% of the retail market in 2024, requiring retailers to reduce the hassle for consumers and their operational challenges handling the volume.

by: Reuters

BlackRock and Weinstein's Saba reach settlement in battle over closed-end funds

BlackRock and Saba Capital Management announced a standstill in a long-raging battle over the future of closed-end funds with the asset manager buying back shares in two portfolios and the hedge fund dropping demands for deep management changes.

by: MSN

Florida Ranks As Best State To Launch A Business In 2025

As inflation poses increasing challenges for entrepreneurs, Florida has been named the best state to start a business in 2025.

by: MSN

Charleston and 4 Southern Cities That Could See a Boom Under Trump's Policies

People have been moving to the southern U.S. for decades due to the better weather, lower cost of living and lower taxes. Trump's second presidency can serve as another catalyst for southern

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: 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: 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: 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.

Will shoppers pay the price? Retail CEOs weigh impact of Trump tariffs on consumers

Retail CEOs are entering the second Trump administration with a more seasoned approach to potential tariffs, having spent the last few years diversifying their supply chains and refining strategies to mitigate rising costs.

The article from MSN discusses the potential impact of former President Donald Trump's proposed tariffs on consumer goods if he were to win the 2024 election. Retail CEOs are expressing concerns over how these tariffs, which include a 10% across-the-board tariff on imports and a 60% tariff on Chinese goods, could affect shoppers. The tariffs aim to reduce reliance on Chinese manufacturing and boost domestic production, but they could lead to higher prices for consumers. Retail leaders like those from Best Buy and Dollar Tree have voiced worries about the inflationary effects, with Best Buy's CEO Corie Barry noting that while some costs could be absorbed, significant increases would likely be passed onto consumers. Dollar Tree's CEO Rick Dreiling highlighted the challenge of maintaining low prices amidst rising costs. The article also mentions that these tariffs could lead to a broader economic impact, potentially affecting consumer spending power and retail strategies, with some companies already beginning to adjust their sourcing and pricing strategies in anticipation.

Read the Full MSN Article at:
https://www.msn.com/en-us/money/economy/will-shoppers-pay-the-price-retail-ceos-weigh-impact-of-trump-tariffs-on-consumers/ar-AA1xG9mJ