Wed, March 5, 2025

by: MSN

Kenya's private sector growth holds steady in February, outlook dim

Kenya's private sector held steady in February, expanding at a similar pace to the previous month, a survey showed on Wednesday. The Stanbic Bank Kenya Purchasing Managers' Index (PMI) rose to 50.6 in February from 50.

by: IPPMEDIA

Banks, finance, investments counters spur DSE indices movement on month's opening

by: Reuters

UK aims to speed up defence contracts, finance minister says

British finance minister Rachel Reeves said she would speed up defence procurement, after the UK announced an increase in military spending last week in response to U.S. President Donald Trump's call for Europe to do more to protect itself.

by: richest

Elon Musk fails in bid to block OpenAI becoming a for-profit business

A US judge has denied Elon Musk's request to prevent OpenAI from becoming a for-profit business amid his feud with Sam Altman.

by: Mint

How Sebi's serial crackdown crimped F&O volumes and crashed broking-firm stocks

A series of new regulations introduced since July 2024 have shrunk the Indian derivatives market, causing the stocks of companies such as Motilal Oswal, IIFL Capital, and Angel One to plummet up to 60%.

by: Investopedia

Kash Patel Net Worth: Here's How Trump's FBI Director Made His Money

Newly appointed FBI director Kash Patel has built his wealth from his consulting business, book royalties, speaking engagements, and more. Here's how Patel made his millions.

by: Tuko

How to Determine Financial Stability of SACCOs in Kenya: Factors to Consider Before Joining

When considering joining a SACCO in Kenya, assess its financial stability to ensure your investment is secure. Key factors to evaluate include its capital base.

by: MSN

Ocular Therapeutix, Inc. (NASDAQ:OCUL) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript March 3, 2025 Ocular Therapeutix, Inc. misses on earnings expectations. Reported EPS is $-0.29 EPS, expectations were $-0.24. Operator: Good morning, and welcome to the Ocular Therapeutix Fourth Quarter 2024 Earnings Conference Call.

by: CNN

Fact-checking Trump's address to Congress

President Donald Trump made numerous false claims in his Tuesday speech to a joint session of Congress. The falsehoods spanned a variety of topics, including the Department of Government Efficiency, inflation and immigration.

by: ThePrint

Stock market opens in green despite Trump's reciprocal tariffs announcement from April 2

Indian stock markets opened in the green on Wednesday, despite US President announcing reciprocal tariffs from April 2 on Tuesday (Local Time). Companies across Japan to Mexico braced for higher prices,
Tue, March 4, 2025

by: BBC

Zelensky ready to work under Trump's 'strong leadership' after 'regrettable' showdown

The Ukrainian president says last week's fiery Oval Office meeting "did not go the way it was supposed to", adding Kyiv is ready to sign a minerals deal.

by: Moneyweb

Budget 2025: 'There's no agreement yet' - Steenhuisen

With a week to go before Finance Minister Enoch Godongwana finally tables a reworked 2025 National Budget next Wednesday, Democratic Alliance (DA) leader John Steenhuisen has insisted there is no agreement yet on the budget between the main government of national unity (GNU) partners.

by: Fortune

Elon Musk is 'the investor of our age' and won't be distracted by DOGE, Tesla bull Cathie Wood says

Ark Invest's flagship product has lagged well behind the S&P 500 in recent years, and shares of the EV maker have plunged 28% this year.

by: CNN

Lutnick: US could announce trade deal Wednesday with Mexico and Canada after imposing tariffs

US Commerce Secretary Howard Lutnick said that President Donald Trump could announce a trade deal with Mexico and Canada as soon as tomorrow, just one day after the US imposed punishing tariffs on the two nations and sparked retaliatory levies.

by: Variety

Behind the 'Sickening' Collapse of Technicolor and Why Its Failure Is Sending Shockwaves Through the VFX Industry

Behind the "sickening" collapse of Technicolor and why its failure is sending shockwaves through the VFX industry

by: Fortune

Target CEO joins swarm of Fortune 500 executives warning of bigger bills as Trump's tariff fallout hits the grocery aisle

Target shoppers can expect to see price increases on produce "over the next couple of days," boss Brian Cornell said on Tuesday.

by: Newspoint

Retirement: Have you reached 45 years of age and still not done any retirement planning? Try this method..

Even if your age is around 45, you can easily accumulate a fund of crores by the age of 60. However, for this, you may need to work a little harder and be economical. Here know the way by which you can accumulate more than Rs 1.

by: MarketWatch

This bank is offering a $10K sign-up bonus - and 9 more of the biggest bank bonuses in March 2025

Learn more Sign-up bonuses for bank accounts can be quite alluring — after all, most of us would love free money in exchange for a simple deposit. But that doesn't mean all sign-up bonuses are created equal.

by: timesnownews

University of East Anglia Launches BSc in International Finance

The University of East Anglia, UK, has introduced a one-year BSc (Hons) International Finance program for international students, starting September 2025. The course emphasizes global finance skills,

by: Indiatimes

Breaking News Live Updates: Trump's new tariffs on Mexico and Canada take effect; China retaliates with higher taxes

Sri Lanka should avoid tax exemptions and focus on passing a national budget that is in line with parameters set by the International Monetary Fund to continue with a $2.9 billion program from the international lender, an IMF official said on Tuesday.

by: Wired

People Are Paying Millions to Dine With Donald Trump at Mar-a-Lago

Business leaders are paying as much as $5,000,000 to meet one-on-one with the president at his Florida compound, sources tell WIRED, while others are paying $1,000,000 apiece to dine with him in a group setting.

by: manilatimes

Accelerate AI-Native, Amplify Success: Huawei Cloud Unveiled New Cloud Services and Solutions at MWC 2025

The Huawei Cloud Summit, with the theme 'Accelerate Intelligence, Amplify Success', concluded in Barcelona on March 2nd. Huawei Cloud unveiled a series of cutting-edge services and solutions, driving intelligent transformation across diverse industries.

by: Forbes

How Trump's Tariffs Are Ushering In A New World Order

Wide response to new import duties, Treasury modifies reporting under CTA, unexpected critics for Trump's crypto reserve.

by: AOL

Why Mexico Trump tariffs could hammer this beer giant

It could be a dry summer for the bottom line of beer giant Constellation Brands ( STZ) thanks to President Donald Trump. Trump went through with his long-threatened tariffs on Mexico and Canada on Tuesday. Starting just after midnight, imports from Canada and Mexico will now be taxed at 25%.

by: CNET

Tariffs Explained: What They Mean for You as Canada-Mexico Duties Start Tomorrow

Tariffs have become President Donald Trump's favored economic move, and they're set to go into effect against Canada and Mexico tomorrow.

by: AOL

18 Things Boomers Need to Stop Saying to Millennials About Money

Times have changed enough that the financial advice that worked for baby boomers can be impossible to follow — and bad — for millennials and Gen Z.

by: Kiplinger

Digital Tools for Underbanked Populations

New technologies have the power to break down old barriers and provide all-around access to financial services.

by: Invezz

Ripple (XRP) and Mutuum Finance (MUTM): which will see the most return on an investment of $700?

Ripple (XRP) and Mutuum Finance (MUTM) present two very different investment options, but potential returns paint one clear picture. At $2.27 per token, XRP makes an investment of $700 a staggering $1,

by: SlashGear

10 Of The Best Apps For Tracking Your Vehicle's Mileage

Easily track your vehicle's mileage and save on taxes or expenses with these top 10 apps, perfect for business owners and personal use alike.

by: UPI

How Trump's second term might affect the market -- and your finances

Financial forecasting is notoriously tricky. It's not easy to separate meaningful data from mere "noise." But it's still worth asking: Are American investors ready for a new period of economic and financial turbulence?

by: Forbes

SMB Optimism Is Great, But Networks And Interactions Are More Critical For Success

SMB owners who operate with a linear vision often find themselves missing out on opportunities to network or leverage resources around them.

by: richest

Here are the official petrol and diesel prices for March 2025

The Department of Petroleum and Mineral Resources has published the official fuel price adjustments for March 2025.

by: eVnExpress

Who is Peter Lim, billionaire and owner of Spanish football club Valencia?

Peter Lim, a Singaporean who came from nothing to becoming a billionaire, recently made headlines after reports that he was putting the famous Spanish football club Valencia CF on sale.

by: dw

What would it cost Europe to defend itself without the US?

Donald Trump's controversial initiative to end the war in Ukraine has reignited the longstanding issue of how Europe can fend for itself. And what would that mean for the continent economically and financially?

by: Kiplinger

Dividing an Estate? Five Ways to Create Transparency

Letting your children know your estate planning intentions while you're still around to explain your reasoning, and while you can still make adjustments, can head off discontent later.

by: Bizcommunity

Risky business: 5 strategies for SMEs to build resilience in 2025

Before the 2024 general elections many South African businesses were concerned about the impact of global conflict, rising inflation and the risks of ongoing power outages, and potential social unrest on their

by: Mint

How Shriram Finance streamlined its organization structure and outperformed the market

With a shift towards diversification, Shriram Finance is now the second-largest NBFC in India. What is fuelling the company's growth and helping it outpace the Nifty Financial Services index?

by: Investopedia

Best Bitcoin Wallet for March 2025

There are numerous choices for a Bitcoin wallet. Review and compare our choices for the Best Bitcoin Wallets to help secure and store your favorite cryptocurrency.

by: Zawya

Huawei Cloud unveiled new cloud services and solutions at MWC 2025

At MWC 2025, Huawei Cloud introduced an array of cloud services and solutions to the global market, aiming to expedite the evolution from cloud native to AI-native. CloudDC Solution provides one-stop data center-to-cloud services, boosting three major capabilities: deterministic operations, cloud DC, and full-stack AI.

by: MSN

Thousands of SPAZA shops closed after missed registration

15 478 non-compliant spaza shops face closure, and government reiterates there will be no exceptions/extensions

by: MSN

China retaliates with additional tariffs of up to 15% on some U.S. goods from March 10

China announced Tuesday it would impose additional tariffs of up to 15% on some U.S. goods from March 10 and restrict exports to 15 U.S. companies.

by: Reuters

UBS nominates Renata Jungo Brungger and Lila Tretikov to board of directors

UBS on Tuesday announced it has nominated Renata Jungo Brungger and Lila Tretikov for election to the board of directors at its annual general meeting in April.

by: BusinessGhana

Ghana's State-Owned Enterprises in crisis - Finance Minister warns

The Minister of Finance, Dr Cassiel Ato Forson, has raised concerns over the dire financial and operational challenges confronting

by: Reuters

Philippine, US defence pacts to stay intact, envoy to Washington says

Existing defence agreements between allies the Philippines and the United States will stay intact under U.S. President Donald Trump, Manila's ambassador to the United States said on Monday.

by: Governing

Texas Lawmakers Prepare $6 Billion Property Tax Cut

The House and Senate are pursuing separate approaches that would offer greater relief either to homeowners or commercial properties.
Mon, March 3, 2025

by: Tuko

KETRACO Announces 22 Job Vacancies for Senior, Graduate and Assistant Positions

The Kenya Electricity Transmission Company Limited (KETRACO) has announced 22 job vacancies in engineering, legal, finance, and supply chain management.

by: MSN

Augusta County Public Schools mourns the loss of key executive

Augusta County Public Schools is mourning the loss of Mark Lotts, the school division's executive director of finance and business, after his sudden death.

by: Reuters

Japan corporate capex drops for first time in 4 years amid tariff fears

Japanese corporate spending on plant and equipment dropped 0.2% year-on-year in the fourth quarter, Ministry of Finance data showed on Tuesday, marking the first quarterly fall in nearly four years amid growing uncertainties over the global economy.

What is a crypto strategic reserve and why would the U.S. need one?

A spike in cryptocurrency prices Monday morning after President Donald Trump's surprise Sunday announcement quickly fizzled by Monday afternoon.

The article from MSN Money discusses the concept of a "Crypto Strategic Reserve" (CSR) for the United States, inspired by the Strategic Petroleum Reserve (SPR). The idea, proposed by crypto advocates like Caitlin Long, suggests that the U.S. should hold a reserve of cryptocurrencies like Bitcoin to protect against financial instability, cyber threats, and to maintain economic sovereignty in an increasingly digital financial landscape. The rationale includes the potential for cryptocurrencies to serve as a hedge against inflation, a tool for financial inclusion, and a means to ensure national security in digital assets. The article outlines how such a reserve could help stabilize the crypto market, provide a buffer against market volatility, and offer a strategic asset in international trade and diplomacy. However, it also notes the challenges, including regulatory hurdles, the volatile nature of cryptocurrencies, and the need for a clear framework on how such a reserve would be managed, funded, and utilized.

Read the Full MSN Article at:
https://www.msn.com/en-us/money/general/what-is-a-crypto-strategic-reserve-and-why-would-the-u-s-need-one/ar-AA1Ab3J4