Fri, February 21, 2025

by: CNN

Target is getting hit from all sides on DEI

The lawsuit suit shows that Target is essentially getting squeezed from both sides on DEI. Target did not respond to CNN's request for comment on the suit. There's a long backstory to the suit, which alleges that Target's DEI initiatives led to its 2023 Pride Month merchandise that drew the ire of conservative media figures.

by: manilatimes

BIR, Customs collections higher in January - Recto

REVENUE collections improved last month, a Cabinet official said, with the Bureau of International Revenue (BIR) and Bureau of Customs (BOC) both posting year-on-year gains.

by: Fortune

What if AI creates more jobs than it destroys?

First, some of the company's most successful AI applications favor more employment, Mockenbrock said, as they allow for better and faster "resolutions" and a higher emotional connection between caller and agent.

by: Investopedia

MercadoLibre Stock Sets All-Time High as Q4 Earnings Blow Past Estimates

MercadoLibre shares surged on Friday after the Latin American e-commerce giant's fourth-quarter earnings came in well above expectations.

by: AOL

What type of business savings account is right for you?

As a business owner, your company's financial health depends on smart money management. Whether you're building an emergency fund or setting aside cash for new equipment, choosing the right savings vehicle is crucial for your business's growth and stability.

by: Kiplinger

UnitedHealth Stock Drags on the Dow After DOJ Probe News

UnitedHealth Group stock is sinking Friday after media reports indicated the Justice Department is investigating the health insurer. Here's what to know.

by: Kiplinger

Block Stock Falls After Revenue, Earnings Miss Expectations

Block stock is down Friday after the payments company missed expectations for its fourth quarter. Here's what you need to know.

by: Reuters

Exclusive: Abrdn to launch China asset management venture with Citic unit, sources say

Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China, two people with knowledge of the matter said, as the British firm looks to bolster its presence in the world's second-largest economy.

by: Forbes

Section 382 Limitations For Tech Companies Dealing With R&D Capitalization Requirements

I've discussed the changes to IRC Section 174 at length in previous articles, warning about the TCJA's change to research and experimental costs under 174, as well as the IRS finally providing some guidance on how to calculate the capitalization.

by: Reuters

Block shares drop as spending slowdown puts BNPL expansion in focus

Payments firm Block's shares fell 8% in premarket trading on Friday as a slowdown in spending growth fueled investor concerns, turning the spotlight to its bet on buy-now, pay-later lending to drive profits in 2025.

by: Forbes

Progress Over Perfection: Empowering Finance Teams With Digital Fluency

A lot of the conversation centered around adapting leadership capabilities for the digital era and responsibly championing AI integration, exciting but somewhat overwhelming responsibilities. Alas, as the saying goes,

by: Forbes

She Earns More: Redefining Power And Partnership In Modern Families

When women lead financially, they pave the way for healthier, more balanced relationships—but this requires intention and communication.

by: AOL

Should you sign a loan or pay a fee to get your tax refund early? Here's what you need to know

The average tax refund amount was just over $3,100 last year. For many Americans, that money can bring wonders: it could pay several months' rent, be a downpayment for a car, or allow you to buy several shares of tech stock.

by: Bloomberg

Trump's Tariff Wars Leave US Small Business With Nowhere to Hide

American companies of all sizes are on edge over President Donald Trump's tariffs, but it's arguably small business that is most exposed.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry,

by: Fortune

Starbucks hoped mobile orders and the drive-through would save its business. New CEO Brian Niccol says that was a mistake.

Starbucks new CEO Brian Niccol says "I think we got confused that mobile ordering could solve the entire business".

by: Zawya

Microsoft AI Tour showcases groundbreaking AI innovations driving transformation and growth across Oman

The Microsoft AI Tour in Oman underscored the company's unwavering commitment to fostering a thriving digital ecosystem

by: MSN

India's F&B on Ventilator: Archit Singhal's Eye-Opening Book Calls for Urgent Industry Reforms

India's food and beverage (F&B) industry, a key employer of unorganized labor, is facing an urgent crisis. In his latest book, India's F&B on Ventilator, Archit Singhal delivers a powerful analysis of the industry's sluggish growth,

by: MSN

French business activity contracts much more than expected in February, PMI shows

French business activity slumped much more than expected in February, according to a survey published on Friday, as new business and backlogs in the dominant services sector sharply declined. The HCOB France flash purchasing managers index (PMI) for services,

by: cnbctv18

Unsecured loans and digital risks: RBI and bank officials flag challenges

Regulatory oversight, declining CASA ratios, and third-party dependencies are putting pressure on banks to rethink their strategies.

by: Reuters

UK runs record January budget surplus but misses forecasts

Britain's government ran a record budget surplus of 15.4 billion pounds ($19.5 billion) last month, official figures showed on Friday, but in a setback for finance minister Rachel Reeves it was well below economists' and officials' expectations.

by: Bloomberg

Bessent Plans First Call With China Counterpart on Friday

Treasury Secretary Scott Bessent said he will hold his first introductory call with his Chinese counterpart on Friday, and reiterated longstanding US calls for its biggest geostrategic rival to rebalance its economy toward domestic consumption.

by: Forbes

The Future Of Wall Street And Enterprise: Fintech 50 2025

These growing startups are making the most of the AI revolution to save time and spot fraud for financial institutions, investors and founders.

by: Outlookindia

For Banking Technologist Girish Wali, The Real-World Implementation Of AI Is A Necessity For The Present And Future

AI is now mainstream, shaping industries and daily life. Girish Wali, a CitiBank AI expert, pioneers AI-driven banking solutions, cybersecurity, and automation.

by: MSN

Can You Cash a Check at an ATM?

In the realm of banking conveniences, ATMs have long been a cornerstone. Most people depend on them for withdrawals but can you cash a check at an ATM? Here's what you need to know. Can You Cash

by: Yahoo

'Unrestrained': Trump pushes business interests in 2nd term

Reports show that the first lady signed a multi-million agreement with Amazon after a dinner with Jeff Bezos. The 11th Hour looks at the ways Trump's family members appear to have used their connection to the president to boost their bottom line.

by: MSN

Cut deficit, create bold budget moves - Paul Chan's mission impossible?

Hong Kong's government has been urged to push development forward by Beijing, but what does that entail in an era of belt-tightening? Hong Kong's finance chief is expected to deliver his budget speech on February 26 and is under mounting pressure to balance the books.

by: Reuters

StanChart reports 18% rise in annual profit, roughly in line with estimates

Standard Chartered reported on Friday its annual profit rose 18%, roughly in line with analysts' estimates, on strong performance of its wealth and markets business.
Thu, February 20, 2025

by: Yahoo

Beshear: Weather death toll rises to 15, search-and-rescue phase ending

As the director of "Green Lantern," Martin Campbell was far from the first, and certainly not the last filmmaker to deliver a stinker of a DC superhero film. But 14 years after its release, Campbell is unafraid to be honest about its shortcomings — especially the ones he takes personal responsibility for. Speaking to Variety …

by: 7NEWS

INSIDE MEDIA: Neighbours axed again and exposing the secret MAFS contract contestants have to sign

In our column that takes you inside the world of media, we reveal why Neighbours was cancelled a second time | What do Married At First Sight contestants REALLY sign up for to appear on the hit series?

by: CNBC

CNBC Daily Open: Alibaba surges and Amazon beats Walmart

Alibaba posted a 239% year-over-year jump in net profit in the final quarter of 2024, and Amazon's quarterly revenue surpassed Walmart's for the first time.

by: Forbes

Former Indy 500 Winner Tony Kanaan Named Arrow McLaren Team Principal

Arrow McLaren elevated 2013 Indianapolis 500 winning driver Tony Kanaan to the role of Team Principal and Kevin Thimjon as President of the IndyCar team on February 25.

by: cfodive

GM tariff playbook includes international inventory cuts, CFO says

by: Wired

DOGE Puts $1 Spending Limit on Government Employee Credit Cards

The restrictions are already in place at the General Services Administration along with several other agencies. Soon they'll roll out to most of the federal government, sources say.

by: Oregonian

Oregon will issue loans to help build middle-income homes

State lawmakers approved $75 million to test a "Moderate Income Revolving Loan program" meant to help get new housing projects over the line.

by: GOBankingRates

10 Industries With Remote Jobs That Pay $100K or More in 2025

Americans have fallen in love with remote work. In fact, FlexJobs found that 87% of job seekers cite remote work as a priority, compared with 76% who cite salary. Read Next: 6 Part-Time Jobs To Boost Your Retirement Savings in 2025 Find Out: 4 Unusual Ways To Make Extra Money That Actually Work Not every remote job pays well,

by: MSN

Kontoor Brands to acquire outdoor brand Helly Hansen for $1.27bn

Kontoor Brands president, CEO and chairman Scott Baxter stated: "We are thrilled to welcome the Helly Hansen team into Kontoor Brands and to build a future together that creates s

by: MSN

Platte City business owner shares concerns on new plans for HWY 92

In an interview from 2019, the music legend opens up to the camera in a revealing documentary. Rick Damigella reports. Rep. Jasmine Crockett said Wednesday that voters would be "better off" with former President Joe Biden, "sleepy Joe," and said Democrats needed to "do better at education."

by: Forbes

How Different Tax Laws Affect IP Asset Valuation And Management

Understanding how tax policies affect IP can help your company optimize its strategies and enhance the value of its IP portfolios.

by: ABC

Tesla's law firm helps draft legislation that some experts say could restore Musk's $55B pay package

A law firm representing Elon Musk and Tesla helped draft a bill some experts say could, if passed, possibly restore Musk's lost multibillion-dollar compensation package.

by: Reuters

Australia's ANZ's impaired assets rise in the first quarter, shares fall

ANZ Group , Australia's fourth-biggest lender, said on Thursday that asset impairments jumped to their highest levels since 2021 in the first quarter, driven primarily by mortgages, sending its shares down 3%.

by: Reuters

Canada's Cenovus Energy quarterly profit falls on weak oil prices

Canadian oil and gas producer Cenovus Energy posted a fall in fourth-quarter profit on Thursday, as lower commodity prices and weak refining margins offset higher production.

by: Fortune

Companies that ax their DEI programs now could destroy their reputation for years to come, according to a new study

If brands turn their backs on previously made dedications, they could face reputational risk that tends to "stick" with them long after the political climate changes, says Rebecca Ponce de Leon, assistant professor of management at Columbia Business School and one of the researchers of the study.

by: Reuters

Norinchukin sees $12.6 billion loss in 2024 financial year, CEO resigns

Japan's Norinchukin Bank expects to record a loss of approximately 1.9 trillion yen ($12.66 billion) in the year to March 2025 and its CEO, Kazuto Oku, will step down to take responsibility, it said on Thursday.

by: Forbes

Trump's Sons Invest In AI Data Centers After He Touts Billions In Industry Expansion

Donald Trump Jr. and Eric Trump's venture aligns with their father's AI policy push, positioning them to potentially profit from government-backed industry growth.

by: Fortune

CEOs unhappy with Trump on Ukraine

President Trump spoke here yesterday in a far-ranging speech where he called Ukrainian President Volodymyr Zelenskyy a "modestly successful comedian," expressed frustration with Boeing, proposed paying Americans a "DOGE dividend,

by: Fortune

Sin City showdown: Capital One's Las Vegas airport lounge ups the ante

Capital One is opening its newest lounge in Las Vegas on Friday, Feb. 21, marking another milestone in the bank's expansion into premium travel perks. The new lounge, located in Concourse D of Harry Reid International Airport (LAS),

by: MSN

Henry's Ham is closing its stand in York's Central Market after 80 years in business

Henry's Ham, known for its inexpensive subs and sandwiches at Central Market York for 80 years, announced it will close this week, according to a post on Facebook. "After over 80 years in the market,

by: MSN

Senegal's Debt and Deficit: A Harsh Economic Reality [Business Africa]

This week on Business Africa: budgetary crisis in Senegal, industrialization under Traoré in Burkina Faso, and untapped mining potential in Nigeria. Three major challenges for the West African economy.

StanChart reports 18% rise in annual profit, roughly in line with estimates

Standard Chartered reported on Friday its annual profit rose 18%, roughly in line with analysts' estimates, on strong performance of its wealth and markets business.

Standard Chartered reported an 18% rise in its annual pretax profit for 2025, reaching $5.09 billion, which was slightly below the $5.18 billion average estimate from analysts. The bank's performance was driven by higher interest rates and a significant increase in income from its wealth management and retail banking sectors. Despite global economic challenges, the bank managed to navigate through geopolitical tensions and economic volatility, although it faced a $1.0 billion hit from its exposure to China's real estate sector. Additionally, Standard Chartered announced a new $1 billion share buyback program and increased its final dividend by 50% to 21 cents per share, reflecting confidence in its financial stability and future earnings potential.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/stanchart-reports-18-rise-annual-profit-roughly-line-with-estimates-2025-02-21/