• Thu, February 13, 2025

by: decrypt

Riot Taps Advisors to Explore AI Partnerships as Bitcoin Miners Eye New Revenue Streams

With declining Bitcoin mining revenue and rising difficulty, companies like Riot are seeking new revenue streams.

by: Indiatimes

Top 20 richest families in Asia 2025: Mukesh Ambani leads; followed by key Indian and Asian business empires

Mukesh Ambani, CEO of Reliance Industries, leads Bloomberg's list of the Top 20 Richest Families in Asia 2025, showcasing dominance in diverse industr

by: SiliconANGLE

SAP announces Databricks partnership to power AI with Business Data Cloud

The company also announced a partnership with enterprise data processing and AI company Databricks Inc. The collaboration natively embeds Databrick's technology for data engineering, machine learning and AI workloads into SAP's cloud solution.

by: Impacts

What Does a Finance Broker Do? An Expert Guide for 2025

Finance brokers handle an impressive 55.7% of all residential mortgage business in Australia, and with good reason too. More people are turning to these financial intermediaries as they learn about what finance brokers can do for their lending needs.

by: ProPublica

How a Risky State Investment in Seafood Cost Alaskans Millions and Left a Fishing Town in Crisis

Leaders of the Alaska Permanent Fund, which pays residents dividends and finances public services, wanted to invest in Alaska firms. There were warning signs ahead of the bet on Peter Pan Seafood, which is expected to cost Alaskans over $29 million.

by: TheStreet

Black History Month Roundtable: Financial Equity & Racial Equity

The wealth gap has been increasing since 1992. By 2022, Black households held only $15 of wealth for every $100 held by white households.

by: LancasterOnline

Lampeter-Strasburg School District will see $1.2M surplus this year

When: Lampeter-Strasburg school board finance committee meeting, Feb. 10. What happened: Administrators are predicting the district will have a $1.2-million surplus for the 2024-25 school year, Amanda Allison, assistant business manager, told the board.

by: Investopedia

The IRS Is Watching: 5 Red Flags That Could Trigger an Audit

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the chances that your return will be audited.

by: Investopedia

What Is Personal Finance, and Why Is It Important?

It's also about understanding that the principles that contribute to success in business and your career work just as well in personal money management. Three key skills are finance ...

by: Forbes

Crypto, Interest Rates And AI: How To Navigate 2025 Macro Economics

How to think about Crypto, interest rates, and AI-driven labor market shifts that are set to shape global business, investment, and policymaking.

by: Reuters

Exclusive: Blackstone seeks $800 million loan to finance New York office purchase, sources say

Blackstone plans to take out a loan of about $800 million to finance the purchase of a stake in a 50-story office building in New York City, according to two sources familiar with the matter.

by: Forbes

Margins Critical To Food-And-Beverage Startups

And survivors don't have much room for error since after-tax operating margins among food processors run about 10%, according to a study by the NYU Stern School of Business. That ranks food manufacturing 63 among the 95 industries tracked by the NYU researchers.

by: Reuters

Walmart in Mexico posts 1.4% bump in fourth-quarter profit

Walmart's Mexico and Central America unit reported a 1.4% bump in its fourth-quarter net profit on Thursday, coming in at 15.2 billion pesos.

by: Forbes

Don't Mistake Activity For Progress: Lessons For Startups And Beyond

In the end, the genius behind "Don't mistake activity for progress" is a reminder to focus on what truly matters. Whether it's building a startup, leading a team or chasing personal goals, the principle remains the same: Be deliberate, prioritize outcomes, and celebrate meaningful progress.

by: Reuters

BAT hopeful Trump administration can take on illicit vapes, CEO says

British American Tobacco is optimistic U.S. President Donald Trump's new administration can tackle a vast market for illegal vapes in the United States, Chief Executive Tadeu Marocco said on Thursday.

by: Forbes

Is 2025 The Year Banking Solves The Customer Experience Conundrum?

Banks can combine their natural advantages—core banking products and long-established brands—with cutting-edge customer experience.

by: Reuters

USAID environmental funding worth $70 mln frozen in Colombia, minister says

Funding worth $70 million for environment and conservation projects from the U.S. Agency for International Development (USAID) have been frozen in Colombia after President Donald Trump moved to gut the organization,

by: MSN

Coinbase Stock Jumps on Earnings. People Are Interested in Crypto Again.

Donald Trump's return to the White House helped the company to blow past analysts' expectations in the fourth quarter.

by: MSN

Cancer Daily Horoscope Today (June 21 - July 22) February 14, 2025: Influence will rise!

Cancer Money Horoscope Today Banking activities will be a priority. You will advance family businesses. Business growth will continue. Enthusiasm for financial matters will remain high. Careers and business will flourish.

by: Forbes

Forecasting Accuracy: Overcoming A Major Sales Industry Hurdle

As businesses navigate increasingly complex economic pressures, the demand for more reliable and sophisticated sales forecasting methods has only grown in importance.

by: Reuters

Nutella maker Ferrero reports 8.9% increase in revenues

Ferrero, the maker of the Nutella hazelnut spread, reported on Thursday an 8.9% increase in turnover in the financial year ending on August 31, to 18.4 billion euros ($19.2 billion), despite volatile commodity prices and inflationary pressures.

by: Reuters

Robinhood shares surge as crypto market frenzy fuels record results

Robinhood shares surged nearly 16% in premarket trading on Thursday, after the trading platform reported record fourth-quarter revenue and profit on the back of a resurgence in retail trading due to renewed interest in crypto and equity markets.

by: Forbes

Virpy Richter: The Gift Of Diverse Perspectives At The Awin Group

Virpy Richter has served Awin as its CFO. With ShareASale and Commission Factory, Awin's global affiliate platform is powered by 17 offices worldwide, over 1,400 emp

by: MSN

Trump-linked World Liberty Financial announces new strategic token reserve

The platform is hoping the strategic token reserve will form a "robust financial backbone" for the Trump family crypto venture.

by: MSN

Digital Lending and Entrepreneurship: The Future of Startup Financing

Technological advances have revolutionized every industry - especially the banking world. With the rise of Fintech, more and more businesses are able to leverage significant borrowing opportunities, thanks to the ease and convenience of digital lending.

by: Reuters

Unilever to list ice cream business in Amsterdam, London, New York

Unilever said on Thursday it would demerge its ice cream business and list it in Amsterdam, London and New York, as part of its chief executive's plans to trim costs and simplify the group after years of underperformance.

by: Reuters

Unilever to list ice cream business in Amsterdam, London and New York

Unilever said on Thursday its ice cream business will be separated by way of demerger, through listing of the business in Amsterdam, London and New York.

by: MSN

California is at the center of the country's egg mess. Here's why and what's coming

The price of a dozen eggs has nearly doubled since last year and hit a record high in January. An outbreak of avian influenza in primarily to blame, experts said.

by: MSN

Sony Raises Earnings Guidance on Strength in Game, Music Businesses

The Japanese entertainment and electronics company raised its annual earnings projections after its third-quarter net profit rose on strength in its game and music businesses.

by: Reuters

BNP Paribas and BPCE join forces in payment processing

BNP Paribas PA and BPCE said on Thursday they have finalized an agreement to create Estreem, a new French leader in payment processing, with the ambition to become one of the top three European players in the sector.

by: Reuters

Robinhood beats profit estimates as post-election trading frenzy lifts volumes

Trading platform Robinhood reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump's presidential election victory.

by: MSN

Top 10 Attorneys of 2025 - Leading Legal Experts

The legal field is shaped by those who go beyond the courtroom to set new standards of excellence, advocacy, and influence. The Top 10 Attorneys of 2025 showcases the most distinguished legal minds making an impact in their respective fields.

by: Reuters

Commerzbank to cut 3,900 jobs, mainly in Germany, as it fends off UniCredit

Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.

by: MSN

Note to the White House: The U.S. Trade Deficit Is Homegrown

If President Trump were truly interested in eliminating the trade deficit, he could easily do so by balancing the federal government's budget.

by: MSN

Is your 401(k) portfolio too conservative? 3 ways to tell

A 401(k) retirement plan remains one of the most popular ways to invest for your golden years, and Americans have put away trillions of dollars in them. Despite this popularity, many workers don't know how to best use the plans,

by: Reuters

Commerzbank to cut 3,900 jobs, mainly in Germany

Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.

by: MSN

Bain Fights Legal Battle Over Decade-Long South African Ban

Bain & Co. is fighting a legal battle against South African finance and tax authorities in a bid to overturn a decade-long ban on doing business with the state after becoming embroiled in a corruption scandal.

by: MSN

Expert offers surprising take on Trump's crypto push

Frank Speiser, CEO, Metafide, joined TheStreet to discuss how this might impact the broader crypto market. Related: Veteran trader warns against MicroStrategy's Bitcoin play CONWAY GITTENS: So part of this new era under Trump,

by: MSN

Unilever picks Amsterdam over London for primary ice cream listing

Ben & Jerry's maker Unilever will spin out its ice cream business and has chosen Amsterdam for its primary listing, it said on Thursday, in a blow to British finance minister Rachel Reeves' efforts to attract IPOs to London.

by: MSN

Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check details

During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate provisions. Read below to know more about the Income Tax Bill 2025.

by: MSN

English cricket gets 'seminal moment' as $650M raised by investors including Brady, Boehly and IPL

English cricket has generated around $650 million from the sale of stakes in franchises in The Hundred to big-business investors from India and the United States, including consortiums involving NFL great Tom Brady and Los Angeles Dodgers part-owner Todd Boehly.

by: MSN

OP Jindal Global University Launches Online BBA Program With a Focus on Accessibility and Excellence

O.P. Jindal Global University (JGU), recognized as an Institution of Eminence by the Government of India, and ranked as India's Number 1 Private University by the prestigious QS World University Rankings 2023,

by: MSN

NJ electricity bills leaping by as much as 20%; see what you'll pay and why

You're going to feel a proverbial electric shock when you crack open your electric bill this summer, judging by the results of the state's annual wholesale electricity auction. Monthly electric bills will see increases that range from 17.

by: MSN

?1.95 to ?215: Multibagger penny stock turns ?1 lakh into ?1.10 crore in four years

Dhruva Capital Services share price declined over 5 per cent on Thursday, February 13, hitting intraday low to ₹214.70 per share, against previous close at ₹225.95 on Wednesday.

by: MSN

Barclays shares sink 5% as fourth-quarter profit hike and 2025 guidance fail to impress

British bank Barclays posted a rise in full-year pre-tax profit that came in just ahead of analyst expectations, while also launching a £1 billion share buyback.

by: MSN

Prime Minister Narendra Modi on US visit, likely to meet Elon Musk

Prime Minister Narendra Modi visits the US for talks with President Donald Trump at the White House. Key topics include trade, strategic defense, and global security. Modi will hold bilateral discussions,

by: MSN

Economists predict 2% GDP growth for South Africa in 2025 amid agricultural recovery

Despite experiencing drought conditions for much of 2024, we expect a rebound in agriculture thanks to improved rainfall patterns across many regions," he said.

by: MSN

Chinese businesses rush to try DeepSeek AI at 'unprecedented' scale

Eight automakers including BYD, at least nine financial securities companies, three state-owned telecommunications operators and smartphone brand Honor are among the many that have rushed to integrate with DeepSeek in the last week.

Commerzbank to cut 3,900 jobs, mainly in Germany

Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders.
Commerzbank, Germany's second-largest lender, announced plans to cut around 3,900 jobs, primarily in Germany, by 2025 as part of a cost-cutting initiative. This decision comes in response to a challenging economic environment and aims to reduce costs by 1.2 billion euros by 2027. The bank, which has been undergoing a restructuring process since 2016, also plans to reduce its branch network by about 30% by 2026. These measures are part of a broader strategy to improve profitability and adapt to digitalization trends in banking. The job cuts will affect various sectors within the bank, with a significant impact on its domestic operations.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/commerzbank-cut-3900-jobs-mainly-germany-2025-02-13/

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