• Wed, February 19, 2025

by: sanews

Budget speech postponed

In an unprecedented moment for the South African Parliament and the country, National Assembly Speaker Thoko Didiza announced this afternoon, that the tabling of the Budget Speech for 2025/26 has been postponed to a later date.

by: News24

LIVE | Budget postponed to 12 March following Cabinet clash over VAT hike to 17%

The government is scrambling for extra revenue to keep a lid on South Africa's growing debt burden while continuing to fund the machinery of state amid rising healthcare and social services costs and a public sector wage hike.

by: LionhearTV

Igloo kicks off 2025 with multi-market partnership wins and Chief Distribution Officer appointment

Leading regional insurtech Igloo enters 2025 with a strong push, launching new partnerships, introducing new products with existing partners across the region, and appointing a Chief Distribution Officer to grow its embedded insurance and sales intermediaries business lines.

by: CNBC

Here's what happens if Fannie Mae and Freddie Mac go private

The U.S. government may soon return Fannie Mae and Freddie Mac to private markets less than two decades after turmoil nearly toppled the mortgage industry.

by: Bloomberg

South Africa Budget Under Added Scrutiny Given Trump Aid Tensions

South Africa's finance minister is under pressure to chart an economic course that navigates the hazards unleashed by Donald Trump's trade war.

by: legit

How 28 states received $68 million from FG to implement business reforms, details emerge

As part of plans to improve the ease of doing business in the country, the Federal Government of Nigeria has given 28 states a total of $68 million.

by: Fortune

Not just Alibaba's Jack Ma: Who's who at the summit seen as a 'symbolic' end to China's crackdown on tech

Huawei's Ren Zhengfei, BYD's Wang Chuanfu, and Xiaomi's Lei Jun were among the leading tech executives that met Xi Jinping on Monday.

by: MiBolsilloColombia

How to create a payment plan if you requested a loan to open your business

Navigating the complexities of business loan repayment requires a strategic approach. Understanding the nuances between personal and commercial loans, accurately projecting financials, and prioritizing payments are crucial steps.

by: ConsumerAffairs

What is a certified public accountant (CPA)?

You may wonder if you need a certified public accountant (CPA), especially if you're running a business or have complex finances. While not all accountants are CPAs, a CPA is an accountant who has passed a rigorous testing process to demonstrate additional expertise in accounting, auditing and tax laws.

by: fingerlakes1

Schuyler County launches Schuypreneur Boot Camp to support local entrepreneurs

by: Week99er

Top 4 Best Cryptos for Beginners - Easy-to-Invest Coins with High Growth Potential!

The cryptocurrency market is constantly evolving, and February 2025 presents an exciting window of opportunity for investors, especially beginners looking to get in on the action. With the explosive growth of decentralized finance (DeFi) and the increasing adoption of blockchain technology,

by: Politico

Ballard links with Italian firm

Ballard Partners announced today its strategic partnership with MAIM Group, a prominent Italian media relations and public affairs firm.

by: Reuters

Hong Kong expands virtual asset push with new licensing, trading options

Hong Kong is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia's digital assets hub and attract capital.

by: AOL

Here's the Average Salary for a Business Professional in Florida

Living in Florida comes with lots of perks, including wonderful weather, rich culture and plenty of activities to keep you occupied. Making a living in Florida as a business professional also

by: Forbes

Why Financial Services Can And Must Prepare For AI

In financial services, the ability to move quickly, adapt and then adopt transformative technologies such as generative AI (GenAI) can be difficult without alignment.

by: ConsumerAffairs

What is a mortgage banker?

A mortgage banker is an individual or financial institution that directly originates and funds mortgage loans, guiding borrowers through the process of securing a home loan. The mortgage banker either works for a bank or some other financial company and makes money through the fees they charge to set up the mortgage.

by: Fortune

Tax season 2025 scorecard: Americans are waiting longer to file and are receiving bigger refunds

The IRS's update on the progress of tax season this year so far shows that average tax refund amounts are up 18.6% versus the same time last year, total filings down slightly to date.

by: AOL

Automated invoice processing: A guide to simplifying AP

Ramp explains how with the right automation tools, businesses can streamline accounts payable processes, from invoice capture to payment processing.

by: Kiplinger

7 of Warren Buffett's Biggest Misses

Warren Buffett's investing wins are highly regarded across Wall Street, but no one can bat a thousand. Here are some of Buffett's biggest misses.

by: CNBC

5 tax scams in 2025 and how to avoid them

These scams usually come via email with catchy subject lines like "Unclaimed Refund" or "Tax Refund Payment," often with a fake version of the IRS logo. Typically, you're asked to click a link and provide your Social Security number, birthday, address and driver's license to "claim" your refund.

by: Reuters

Australia's ANZ says impaired assets rose in the first quarter

ANZ Group , Australia's fourth-biggest lender, said on Thursday that a rise in mortgage restructuring contributed to a jump in asset impairments to their highest levels since 2021 in the first quarter.

by: Kiplinger

Why Toll Brothers Stock Is Falling After Earnings

Toll Brothers stock is lower Wednesday after the homebuilder missed expectations for its first quarter. Here's what you need to know.

by: Forbes

Web3: The Next Digital Frontier

With a predicted market value of $5.5 billion by 2030, Web3 represents a decentralized, transparent and user-empowered digital ecosystem poised to revolutionize industries, economies and the way we engage with technology.

by: ConsumerAffairs

What is tax avoidance vs. tax evasion?

The main difference between tax avoidance and tax evasion is that tax evasion is illegal, while tax avoidance is perfectly legal.

by: AOL

Gas prices are headed higher, and a 'ripple effect' could make it worse in certain regions

According to one forecast, prices at the pump could jump by as much as $0.60 a gallon between now and mid-April.

by: Reuters

Lender Banco do Brasil sees 2025 adjusted profit between $6.5 billion and $7.2 billion

Brazilian state-run lender Banco do Brasil expects its adjusted net profit this year to be between 37 billion reais ($6.5 billion) and 41 billion reais ($7.2 billion), it said on Wednesday, while analysts in a LSEG poll estimated 39.

by: Reuters

South African budget delay over VAT hike shows cracks in coalition

Mtambo CAPE TOWN (Reuters) - South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition disagreed over raising value-added tax, an unprecedented delay that caused the rand and government bonds to fall.

by: MSN

'We shall rebuild' | Grand Rapids business stays open despite massive fire

Elon Musk described the federal workforce as an "unelected bureaucracy" during the interview on Fox News Channel. Welcome to WatchMojo, and today we're counting down our picks for actors who walked away with a movie despite not playing the most important character.

by: AOL

Bausch and Lomb's dealmaking CEO Brent Saunders: No deal for company is imminent

After completing $300 billion in healthcare deals over several decades, there is one deal Bausch and Lomb ( BLCO) chairman and CEO Brent Saunders won't be making in 2025. The one for his contact lens maker with a history dating back to the 1800s.

by: Kiplinger

Legislation Cracking Down on IRS Tax Refund Mail Theft Advances

A string of bipartisan measures targeting taxpayer refunds, rights, and protections move forward on Capitol Hill.

by: Forbes

Financial Technology Trends And Vertical AI Technology

By infusing domain-specific knowledge into a standard AI framework, we can create responses that are finely tuned to specific industries or processes. This refined AI approach is referred to as "vertical AI," which provides a concentrated understanding of the complexities inherent in financial operations, resulting in more informed decision-making.

by: Forbes

AI Bridges The Trust Gap: How Explainable AI Aligns Modelers And Business Leaders

• Collaboration is deepened. Regular cross-functional dialogue creates a feedback loop that continuously refines both AI models and business strategies. • Innovation is fostered. With clear insights into model behavior, AI becomes a collaborative partner in driving growth and innovation.

by: Reuters

Will Western companies return to Russia as Trump warms up to Putin?

As Moscow and Washington discuss how to end the war in Ukraine, one of the many questions on investors' minds is whether the corporate exodus from Russia in opposition to the February 2022 invasion of its neighbour may be reversed.

by: MSN

Where does the CFO path lead? New data shows 34% became president or CEO in 2024, up from 20% the prior year

The modern CFO role continues to expand, making them desired candidates for broader positions. And companies around the world are tapping into their talents. Russell Reynolds Associates, a leadership advisory firm,

by: MSN

Budget speech cancellation will delay policies, impact markets

Parties under South Africa's government of national unity (GNU) disagreed on the looming tax increases, with the DA saying it was opposed to an increase in Value Added Tax.

by: Reuters

Pershing Square proposes $900 million deal to increase Howard Hughes stake

Billionaire investor Bill Ackman's Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings for $900 million as it revised its proposal to the real estate developer.

by: Reuters

Goldman Sachs names insiders Connolly and Voris joint heads of Americas ECM unit, memo says

Goldman Sachs has appointed insiders William Connolly and Michael Voris as co-heads of Equity Capital Markets (ECM) in the Americas, according to a memo seen by Reuters on Wednesday.

by: MSN

Why the budget speech was postponed according to the Democratic Alliance

The Minister of Finance Enoch Godongwana announced that the first Government of National Unity's budget speech was postponed to 12 March. SA weighed in.

by: MSN

6 Trends To Watch As Fintech Shapes SMB Finances In The GCC

The pace of technological innovation continues to accelerate. For small- and medium-sized businesses (SMBs) in the region, the fintech landscape is evolving rapidly, presenting transformative opportun

by: Reuters

HSBC delays net-zero emissions target by 20 years

HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the economy, the bank said on Wednesday, compounding fears from campaigners that the world's biggest lenders are rowing back on climate pledges.

by: Reuters

Etsy misses holiday-quarter sales estimates, shares fall

Etsy missed Wall Street estimates for holiday-quarter revenue and gross merchandise sales, hurt by weak spending on gifts and handcrafted goods, sending shares of the online marketplace down 8% in premarket trading on Wednesday.

by: MSN

Tony Robbins' top 9 tips for investing success

Below are some of Robbins' most valuable tips for navigating the financial waters, including what to look for when hiring a financial advisor. 9 tips from Tony Robbins on buildi

by: MSN

Timeline: Trump's first 30 days bring remarkable change for crypto

It has been one month since US President Donald Trump was sworn into office and began making sweeping and controversial changes, many of which directly affect the cryptocurrency industry. Just 30 days into his presidency,

by: MSN

More than 170 countries to participate in AIM Congress 2025 in Abu Dhabi next April

More than 170 countries have confirmed their participation in the AIM Congress 2025 International Exhibition, taking place as part of the congress's fourteenth edition at the Abu Dhabi National Exhibition Centre from 7th to 9th April.

by: MSN

Budget 2025 | Urgent calls for support measures for SMEs from Godongwana

Ahead of the 2025 Budget Speech, an expert urges Finance Minister Enoch Godongwana to implement measures to support South Africa's SMEs.

by: MSN

S&P Futures Muted After Fresh Tariff Threats, FOMC Minutes and U.S. Housing Data Awaited

S&P 500 E-Mini futures (ESH25) are trending down -0.07% this morning as investors digested U.S. President Donald Trump's latest tariff threats. President Trump said on Tuesday that he would likely impose tariffs of approximately 25% on automobile,

by: MSN

Centage announces Paul Lynch as new CEO to lead next phase of growth

Centage, a leader in modern FP&A software, has announced the appointment of Paul Lynch as its new Chief Executive Officer. Lynch brings extensive experience in scaling B2B SaaS businesses and a clear vision for Centage's role in transforming financial planning and analysis for mid-market companies.

by: MSN

Experts examine AI's impact on Thailand's financial services sector

Etsy misses holiday-quarter sales estimates, shares fall

Etsy missed Wall Street estimates for holiday-quarter revenue and gross merchandise sales, hurt by weak spending on gifts and handcrafted goods, sending shares of the online marketplace down 8% in premarket trading on Wednesday.
Etsy Inc. reported lower-than-expected sales for the holiday quarter, with gross merchandise sales (GMS) reaching $4 billion, marking a 0.7% decrease from the previous year and falling short of the $4.12 billion that analysts had forecasted. Despite this, Etsy's revenue increased by 4.3% to $842.3 million, surpassing the expected $827.3 million, thanks to higher fees and increased advertising income. However, the company's net income dropped significantly to $83.3 million, or 62 cents per share, from $161.6 million, or $1.17 per share, the year before. Etsy also provided a cautious outlook for the first quarter, expecting GMS to be flat or slightly down year-over-year, and projected a revenue increase of 1% to 3%. This news led to a 10% drop in Etsy's shares during after-hours trading.

Read the Full Reuters Article at:
https://www.reuters.com/business/retail-consumer/etsy-misses-holiday-quarter-sales-estimates-shares-fall-2025-02-19/

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