• Thu, January 23, 2025

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: Upstream

Halliburton financials hit by softer markets in Americas

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: 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: 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: 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

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

Japan cautious on economy as Trump's policies take centre stage

Japan's government on Thursday maintained a cautious outlook for the economy in part as policymakers kept a wary eye on U.S. President Donald Trump's policies and their potential impact on global growth.

by: MSN

PepsiCo's SWOT analysis: stock faces challenges, but analysts remain bullish

PepsiCo, Inc. (NASDAQ:PEP), a global leader in the food and beverage industry with a market capitalization of $206.5 billion, finds itself navigating a complex market landscape as it enters 2025. The company,

by: Reuters

JPMorgan CEO Dimon's 2024 pay rises after record profit

JPMorgan Chase said on Thursday that long-serving CEO Jamie Dimon's 2024 pay package climbed about 8.3% to $39 million after the bank posted a record profit amid a revival in dealmaking and fundraising activities.

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: 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: MSN

Is Cosan S.A. (CSAN) the Worst Performing Energy Stock in 2024?

We recently compiled a list of the 10 Worst Performing Energy Stocks in 2024. In this article, we are going to take a look at where Cosan S.A. (NYSE:CSAN) stands against other worst performing energy stocks in 2024.

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: 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: MSN

Trump's 80% stake in his memecoin is a 'huge red flag' for investors because a rug pull could bolster the president's riches but torpedo his reputation

Trump could multiply his estimated wealth if his family's conglomerate suddenly sells its substantial ownership in the token, finance professor Leonard Kostovetsky says.

by: MSN

Fire in Jersey City destroys at least one business and apartments

It appears a couple of businesses, including a restaurant and a real estate company, as well as several apartments may have been affected if not destroyed.

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: 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: 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: MSN

BI Davos Diary: After a whirlwind of parties featuring the rich and powerful, things start to wind down

It's the last full day of the World Economic Forum in Davos, where the rich and powerful are discussing the economy, tech, and business in 2025.

by: MSN

Trump's 80% memecoin stake is a 'huge red flag' for investors because a rug pull would rocket the president's net worth but also embarrass him

Trump could multiply his estimated wealth if his family's conglomerate suddenly sells its substantial ownership in the token, finance professor Leonard Kostovetsky says.

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

Progress Software Corporation (NASDAQ:PRGS) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript January 21, 2025 Progress Software Corporation beats earnings expectations. Reported EPS is $1.33, expectations were $1.21. Operator: Good day, and welcome to the Progress Software Corporation Q4 2024 Earnings Call.

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: MSN

BI Davos Diary: Even a night of parties can't stop the conversations about AI

It's the last full day of the World Economic Forum in Davos, where the rich and powerful are discussing the economy, tech, and business in 2025.

by: MSN

Budget 2025: Industry players expect host of measures to propel growth

Finance Minister Nirmala Sitharaman is set to present the first full Budget of the Modi 3.0 government, with industry leaders calling for measures such as raising income tax limits, boosting job creation and ease of doing business,

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

Peoples Bancorp Inc. (NASDAQ:PEBO) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript January 21, 2025 Peoples Bancorp Inc. beats earnings expectations. Reported EPS is $0.82, expectations were $0.75. Operator: Good morning, and welcome to Peoples Bancorp Inc.

by: MSN

Tesla's Brand Value Nosedives As Musk's Politics And Aging Lineup Hit Reputation

After years at the forefront of the electric vehicle revolution, raising its reputation among consumers and boosting its profits in the process, Tesla is now on a downward spiral. The company saw its deliveries drop for the first time in a decade last year,

by: MSN

Trump's 80% stake in his own memecoin is a 'huge red flag' for investors because a rug pull could torpedo the president's reputation

Trump could multiply his estimated wealth if his family's conglomerate suddenly sells its substantial ownership in the token, finance professor Leonard Kostovetsky says.

by: MSN

Essity lags Q4 forecasts as higher costs offset volume and price growth

by: MSN

Jamie Dimon is doubling down on JPMorgan's DEI work as a conservative group targets Wall Street: 'Bring them on'

Jamie Dimon is doubling down on JPMorgan's diversity, equity, and inclusion commitments amid pressure from an activist shareholder. In an interview with CNBC at the World Economic Forum in Davos, Switzerland,

by: MSN

Norway wealth fund CEO in Davos: US inflationary pressure a risk to markets

The chief executive of Norway's $1.8 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday that inflationary pressure in the United States was one of the biggest risks to financial markets this year.

by: MSN

Johnson & Johnson (NYSE:JNJ) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript January 22, 2025 Johnson & Johnson beats earnings expectations. Reported EPS is $2.04, expectations were $1.99. Operator: Good morning and welcome to Johnson & Johnson's Fourth Quarter 2024 Earnings Conference Call.

by: MSN

Is Alphabet Inc. (GOOGL) Among Billionaire Chris Hohn's Top Stock Picks?

We recently published a list of Billionaire Chris Hohn's Top 9 Stock Picks. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other Billionaire Chris Hohn's top stock picks.

by: MSN

Why Is Andreas Halvorsen Bullish On Amazon.com, Inc. (AMZN) Now?

We recently compiled a list of the Billionaire Andreas Halvorsen's Top 15 Long-Term Stock Picks. In this article, we are going to take a look at where Amazon.com, Inc. (NASDAQ:AMZN) stands against Andreas Halvorsen's other long-term stock picks.

by: MSN

Is S&P Global (SPGI) Among Billionaire Chris Hohn's Top Stock Picks?

We recently published a list of Billionaire Chris Hohn's Top 9 Stock Picks. In this article, we are going to take a look at where S&P Global Inc. (NYSE:SPGI) stands against other Billionaire Chris Hohn's top stock picks.

by: MSN

Decoding MapmyIndia and Qualcomm's deal, Airtel's complexity and TikTok unbanned

Indian mapping experts MapmyIndia and global chip making giants Qualcomm will be working together to make tech for cars, commercial vehicles and 2-wheelers. I have a feeling you'll be interfacing with the emerging technology solutions ,

by: MSN

Severe UK factory downturn eases marginally in January, CBI says

A sharp downturn in British factories eased only slightly in January and optimism among manufacturers sagged to its lowest level in over two years, an industry survey showed on Thursday. The Confederation of British Industry's monthly order book gauge improved in January to -34 from -40 in December,

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: 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: 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,
  • Fri, January 24, 2025

by: cnbctv18

Union Budget 2025 Highlights: Grant Thornton Bharat outlines key expectations for Indian aviation space

Highlights: Ashish Chhawchharia from Grant Thornton Bharat highlighted that the Indian aviation industry is focusing on sustainability and connectivity. He expects budget support for initiatives like the UDAN scheme,

by: MSN

4 Banking Services You Won't Be Able To Use in Less Than a Decade

As technology advances and society evolves, banking services are changing, too. From the decreased use of cash and checks to changing banking account password requirements, the industry is

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.
Discover Financial Services reported a significant increase in its fourth-quarter profit for 2024, with net income rising to $388 million, or $1.54 per share, from $245 million, or 92 cents per share, in the same quarter of the previous year. This 58% jump in profit was primarily driven by a reduction in loan loss provisions, which decreased to $1.38 billion from $1.90 billion. Despite this, the company faced challenges such as a 12% increase in operating expenses to $1.7 billion, largely due to higher employee compensation, marketing, and professional fees. Additionally, Discover's total revenue saw a slight decline of 1% to $4.19 billion, influenced by a drop in net interest income by 2% to $3.43 billion, although non-interest income rose by 11% to $761 million. The company also noted a slight increase in net charge-offs, with credit card charge-offs rising to 4.11% from 3.42% a year earlier.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/discover-financial-fourth-quarter-profit-jumps-lower-loan-loss-provisions-2025-01-22/

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