• Mon, January 27, 2025

by: legit

Billionaire financier Bessent confirmed as Trump's treasury chief

Billionaire hedge fund manager Scott Bessent won Senate approval Monday to become US Treasury secretary, placing him at the forefront of implementing Donald Trump's economic agenda -- which is already triggering global jitters.

by: Reuters

Britain's Starmer to announce growth-boosting pension reform plans

British Prime Minister Keir Starmer and finance minister Rachel Reeves will meet business leaders on Tuesday to announce pension sector reforms that they hope will boost economic growth and investment.

by: AOL

Small business needs 'never change,' regardless of who occupies the White House: Former Biden adviser

Though many are preparing for a bleak four years, former director of public affairs and senior adviser for the Biden administration Jonathan Lovitz isn't worried about small entrepreneurs.

by: Couriermail

'Ripped off': Aussie business owner fumes over 'dupe' product and claims she's been 'copied'

An Aussie business owner was scrolling through TikTok when her heart sank because customers were tagging her and claiming Kmart had "ripped off" her product.

by: Forbes

Biden's Policy Lead On Crypto Responds To Trump's New Executive Order

One of the former key White House Advisors under former President Biden shared some reactions to Trump's new executive order on digital assets released last Thursday.

by: MSN

WSJ Crossword January 28 2025 Answers (1/28/25)

Our WSJ Crossword January 28, 2025 answers guide should help you finish today's crossword if you've found yourself stuck on a crossword clue. The Wall Street Journal Crossword is a well-known and respected puzzle that appeals to solvers looking for a challenging and thought-provoking experience.

by: MSN

Govt looks for new Sebi chief, Puri Buch's term ends in February

The finance ministry has initiated the search for a new Sebi chairman as Madhabi Puri Buch's term ends in February. Eligible candidates must be above 50 years old with 25 years of experience in relevant fields.

by: MSN

Inside Nancy Pelosi's huge net worth as ex-Speaker dumps Nvidia stock for DeepSeek AI

Nancy Pelosi has earned millions of dollars from investing in profitable tech stocks in recent years. The 84-year-old Democrat, who is recovering from emergency hip surgery after a fall, made history in 2007 as the first woman to be elected Speaker of the House of Representatives,

by: MSN

What to know about Scott Bessent, Trump's new Treasury secretary

From his years working for George Soros to his role as a key economic advisor to Trump, Bessent has extensive if contradictory Wall Street experience.

by: MSN

Cape Town's continued global recognition unlocks opportunities for local business growth

With Cape Town's recent recognition as the "Best City in the World" for 2025 by Time Out, a global authority on city culture, travel, and experiences, the city has once again cemented its status as a world-class destination.

by: MSN

Vermont leaders push back against U.S. - Canada tariffs

Vermont's congressional delegation is working to protect local industries from potential financial strain as concerns about proposed tariffs between the United States and Canada continue to grow. Senator Peter Welch took the lead in bringing together business leaders in St.
  • Tue, January 28, 2025

by: Firstpost

Reconciling growth and sustainability: What Union Budget 2025 must deliver

Thus, it is important to bring issues of sustainability to the centre along with a push for higher growth. As we see, the good thing is that such a balancing act is definitely possible. What is needed is a bit of imagination and a bit of determination. Let us wait and see if the budget delivers on that front.

by: cnbctv18

What is a private credit transaction? Know types and eligibility criteria

Private credit transactions can involve a variety of debt instruments and are generally considered riskier than traditional loans due to their more tailored and less regulated nature. Although they frequently provide lenders with higher returns,

by: Kiplinger

How Much Fun Is Too Much Fun When You're in the Office?

Having a work-should-be-fun atmosphere sounds great — until someone gets smacked in the head by a basketball. What should companies consider about workplace safety?

by: rnz

Christopher Luxon hints National will campaign on asset sales in the 2026 election

The prime minister has ruled out selling off state houses, but said he is open to having a wider conversation with voters, while Labour says it's a "typical right-wing government playbook" move.

by: Indiatimes

Budget 2025 Expectations Live Updates: FM Sitharaman to bring income tax cheer for salaried taxpayers? GDP growth, record capex in focus

Finance Minister Nirmala Sitharaman's Union Budget 2025 speech on February 1, 2025 is being looked at to provi

by: MoneyWeek

What the government's defined benefit pension scheme raid means for you

The government wants to let companies use extra final salary scheme funds to boost the economy but there are risks involved. What does it mean for you if you have a defined benefit pension?

by: AgWeb

How To Budget For Your Farm's Transition

Until your needs for the next chapter of transition or retirement are put on paper, there is likely fear about the unknown. Thankfully, it's easy to navigate with these steps.

by: Oneindia

Digital Economy Focus: How Will Budget 2025 Shape India's Tech and Startup Ecosystem?

India's startup ecosystem, brimming with innovation, faces both incredible growth and formidable challenges. While over 140,000 ventures thrive across sectors like robotics, healthcare, and clean energy,

by: MyJoyOnline

Dr. Sharif Khalid appointed Presidential Adviser at the Office of the Vice-President

The newly appointed Economic Policy Adviser to the Office of the Vice-President, Dr. Sharif Mahmud Khalid, has expressed his gratitude to President John Dramani Mahama and Prof. Jane Naana Opoku-Agyemang, for the opportunity to serve in the administration.

by: Forbes

Art Industry Trends And Expectations For 2025

After participating in most relevant art conferences and industry discussions last year, such as Art and Business, Art and Tech and Art and Finance—organized by the biggest players in the art industry like Delloite, ArtNova and Christie's—and as someone who built a digital art marketplace, I want to share what 2025 brings to the art industry.

by: AOL

Is Hims & Hers Health Stock a Buy?

For its most recently reported quarter (Q3 of 2024), Hims & Hers generated $401.6 million in revenue. That resulted in a free cash flow of $79.4 million, representing year-over-year revenue growth of 77% and free cash flow growth of 311.4%.

by: cnbctv18

Budget 2025 expectations LIVE updates: Bank of Baroda Economist expects focus on deficit, capex & MSMEs

With the Union Budget around the corner, the travel and hospitality sectors are eager to see if their longstanding demands will finally be addressed, paving the way for sustained growth and development.

by: AOL

1 Hard Truth Investors in eVTOL Stocks Joby and Archer Aviation Can't Ignore

EVTOL operators like Joby and Archer believe their primary advantage over traditional ride-sharing options like Uber and Lyft is speed. For example, these air taxis can replace car trips in traffic that might take 60-90 minutes with a 10-20 minute flight.

by: Forbes

Balancing Control And Flexibility: Getting Data Governance Right

How can organizations ensure robust data governance and security while providing various departments with self-service data access?

by: Forbes

Tips For Managing The Relationship Between Investors And Entrepreneurs

Both investors and entrepreneurs bring unique skills and experience to the table. Entrepreneurs often have industry-specific expertise that surpasses ours, while we provide broader perspectives from working with multiple companies. Mutual appreciation for these different strengths leads to better outcomes.

by: Forbes

Revolutionizing Business With AI And Automation: Key To Future Success

Businesses will maintain an edge in the digital market if they see AI and automation as opportunities for improvement rather than dangers to established practices.

by: Reuters

US grid investments take off as power demand hikes

Utilities, power grids and private companies are investing in transmission to meet soaring demand from AI and clean power plants.

by: Forbes

The Importance Of Emotional Intelligence In Leadership

EQ-oriented leaders focus on supporting their team and approach leading with selflessness and humility, prioritizing the success of others over personal recognition.

by: Reuters

India's SBI Card misses Q3 profit expectations on higher write-offs

India's SBI Cards and Payment Services reported third-quarter profit below expectations on Tuesday, weighed down by higher write-offs.

by: Reuters

US oilfield firms face pricing squeeze as fracking demand slumps

Top U.S. oilfield services firms are facing weaker pricing and revenue this year as oil producers become increasingly efficient and keep a cap on spending, according to oilfield executives and analysts.

by: Reuters

JPMorgan picks Reed to run government and healthcare businesses

JPMorgan Chase named Curtis Reed on Tuesday as chief of the largest U.S. lender's government banking and healthcare, higher education and not-for-profit banking businesses.

by: Reuters

British insurer Phoenix's Standard Life CEO to retire in 2025

British insurer Phoenix Group said on Tuesday that Andy Curran, the CEO of Standard Life, its pension & savings and retirement solutions business, will retire in the summer of 2025.

by: Reuters

MPS shares slide further as Mediobanca board meets to discuss bid

Shares in Monte dei Paschi fell further on Tuesday as the board of Mediobanca gathered to discuss a surprise bid by the smaller rival, the latest move in a series of takeover tussles rattling Italian banking.

by: Reuters

Euro zone banks tighten companies' access to credit, ECB survey shows

Euro zone banks tightened firms' access to credit last quarter and expect further tightening in the first three months of 2025, a European Central Bank survey showed on Tuesday, reinforcing the case for more interest rate cuts as the economy slows.

by: Reuters

Bank of England appoints Andrea Enria to Prudential Regulation Committee

The Bank of England on Tuesday appointed one of its senior advisers, Andrea Enria, to the Prudential Regulation Committee.

by: Reuters

Exclusive: HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows

HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up of its investment banking operations, a memo showed on Tuesday.

by: Reuters

European banks may find it tough to repeat strong end-of-year performance

European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust margins from lending and bumper investment banking revenues.

by: MSN

Trump's threat of Taiwan chip tariffs could give Nvidia a fresh headache after DeepSeek

President Donald Trump has threatened to introduce tariffs on Taiwan-made chips, which could hit Nvidia, one of TSMC's biggest customers.

by: MSN

UK's University of Surrey to set up offshore campus in Gujarat's GIFT City

The University of Surrey will open a campus in Gujarat's GIFT City in partnership with GUS Global Services. This move enhances access to British education in India, emphasizing business, finance, and computer science.

by: MSN

The Trouble With Tariffs: What You Think About Prices Matters to the Fed

A trade war that raises prices would be much more complicated for the central bank than it was during Trump's first term.

by: MSN

Bizloan Sets Ambitious Growth Plans After Securing INR 35 Cr in Series A Funding

The round was led by the Michael & Susan Dell Foundation and BLinC Invest, with Resurgent India serving as an advisor.

by: MSN

Foreigners return to the market, paying record prices as golden visas end

Over the past year, more foreigners have bought properties in Spain, often breaking records. According to notaries, citizens from countries like the USA, Portugal, Italy, Morocco and Ukraine have bought more properties than ever in Spain,

by: MSN

Aries Daily Horoscope Today (Mar 21 - April 19), January 28, 2025: Take logical risks!

Aries Money Horoscope Today There will be positivity and excellence in your career and business. Focus on smart working and prioritise your career and business. There will be an increase in wealth. Aries Career Horoscope Today You will receive everyone's support and move towards success.

by: MSN

Russia Moves to Seize Western Assets in Retaliation for Frozen Funds

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: MSN

EXCLUSIVE: Circ Launches 'Fiber Club' With Bestseller, Eileen Fisher and Everlane

Textile-to-textile recycler Circ is launching a new collective of brands and suppliers to scale and speed up the adoption of recycled materials. It's called Fiber Club, and brings together the brands Bestseller,

by: MSN

Market slump may offer buying opportunities in quality stocks: Deven Choksey

Some of the auto ancillary companies which are though you may not want to call them as a completely largecap, but in the high range of midcaps they are relatively a better placed.

by: MSN

IIFL Finance shares plunged 9% today; here's why

IIFL Finance shares fell 8.72 per cent to hit a low of Rs 325.95 on BSE. The stock is down 21 per cent in 2025 so far and 45 per cent in the past one year.

Billionaire financier Bessent confirmed as Trump's treasury chief

Billionaire hedge fund manager Scott Bessent won Senate approval Monday to become US Treasury secretary, placing him at the forefront of implementing Donald Trump's economic agenda -- which is already triggering global jitters.
The article from Legit.ng discusses the confirmation of billionaire financier Scott Bessent as the Treasury Secretary under President Donald Trump. Bessent, known for his significant contributions to the financial sector, was confirmed by the Senate in a vote that highlighted his extensive experience in economics and finance. His appointment was seen as a move to strengthen economic policies and foster growth, reflecting Trump's strategy to leverage private sector expertise in government roles. Bessent's background includes managing large investment portfolios and advising on economic policy, which positions him well to address key issues like tax reform, trade negotiations, and economic recovery post various global economic challenges. His confirmation was met with both support and criticism, with some praising his financial acumen while others expressed concerns over potential conflicts of interest due to his deep ties with Wall Street.

Read the Full legit Article at:
https://www.legit.ng/business-economy/economy/1637713-billionaire-financier-bessent-confirmed-trumps-treasury-chief/

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