• Mon, March 10, 2025

by: Mint

Why do banks keep offering you credit cards? Here's the real reason

The Indian credit card market is booming, with banks leveraging technology to attract users. In this kind of environment consumers must consult financial advisers. While credit cards offer rewards and benefits,

by: Adweek

Flau'jae Johnson and Experian Double Team Consumer Debt in March Madness Ads

Flau'jae Johnson has been an LSU Tiger, an NCAA Champion, a rapper, a business major, and a prolific endorser-but being financially stable has become a similarly important part of her identity. As March Madness tips off,

by: Bloomberg

Crypto slump deepens as macro headwinds offset Trump push

Cryptocurrency prices extended their slide on Monday (Mar 10) as escalating tariff war tensions and diminishing prospects of further Federal Reserve rate cuts offset a wave of pro-crypto announcements from President Donald Trump last week.

by: TheWrap

Murdoch's Next Move: How Rupert Could Box Out His Children and Keep Control of the Fox Empire

Rupert Murdoch is appealing the Nevada ruling that doomed his secret plan to amend a family trust, but the 93-year-old still has some options to consolidate control should he ultimately lose, according to experts in family trusts and estate planning,

by: Bernews

BELCO Opens Scholarship Program Applications

BELCO is is now accepting applications for its 2025 scholarship program, offering over $100,000 in educational funding to Bermudian students pursuing careers in engineering, STEM, business, and sustainability A spokesperson said,

by: BBC

Mark Carney wins race to become Canada's PM and vows to stand up to Trump

Bank of England governor, who will succeed Justin Trudeau, says he will keep tariffs until "Americans show us respect".

by: AOL

Rocket to buy Redfin, consolidating home listings and mortgage lending in one shop

An acquisition announced Monday would combine Rocket, a major mortgage provider, with Redfin's online home listings business and brokerage of more than 2,200 agents.

by: Forbes

AI For Business: When To Use It And When To Skip It

When Ethical and Sustainability Concerns Arise: AI can perpetuate biases in training data and requires substantial computing power, increasing its carbon footprint. Businesses should evaluate whether the AI solution aligns with their ethical and sustainability goals before deployment.

by: GhanaWeb

High Court overturns Bank of Ghana's revocation of Ideal Finance's licence

The High Court (Human Rights Division) has overturned the Bank of Ghana's (BoG) decision to revoke the operating licence of defunct Ideal Finance Limited.

by: Cryptopolitan

Europe faces stark choices over Russian $300 billion asset seizure

by: Time

Trump Speaks Out on Recession Fears, Tariffs, and Zelensky

In a new TV interview, Trump discussed the key topics taking center stage since his return to the White House.

by: Bankrate

How to roll over your 401(k) into a gold or silver IRA

Here's how to roll over your 401(k) into a gold or silver IRA without penalty. Why would you need a gold or silver IRA? If you want to own physical gold or silver in a retiremen

by: Entrepreneur

Expert Strategies to Add to Your Small Business's Playbook This Tax Season

Leaders at nationwide payroll company Gusto explain how small business owners can leverage tax credits, use smart payroll tools and be proactive about compliance changes to avoid penalties and maximize savings.

by: Insider

The tech-heavy Nasdaq's $1 trillion sell-off, in charts

The 4% drop in the Nasdaq on Monday marked its worst day in years as Trump refused to rule out recession.

by: Variety

JBX Market Head on How Joburg Event Can Boost Africa as 'Global Force' in Film and TV Production

The third edition of JBX, or Joburg Xchange, an industry confab running from March 12 - 14 parallel to the Joburg Film Festival, looks to spotlight Africa's role in shaping the future of film, television and digital storytelling.

by: Reuters

Goldman Sachs managing director Scott Rubner leaves firm, source says

Scott Rubner, a managing director in the derivatives sales and macro execution team at Goldman Sachs , has left the investment bank, a source familiar with the matter told Reuters on Monday.

by: CNN

Dow falls by almost 900 points in market rout after Trump says he won't rule out a recession

US stocks plunged, bitcoin stumbled and Wall Street's fear gauge hit its highest level this year as concerns about President Donald Trump's economic policy led to a widespread market selloff on Monday.

by: Invezz

'Trumpcession': The real reasons behind Trump's trade war and what comes next

President Donald Trump launched the largest trade war in modern US history, imposing tariffs of 25% on Mexican and Canadian imports and doubling duties on Chinese goods to 20%. While some of the tariffs on Canada andMexico have been eased,

by: TechCrunch

Rocket Companies to acquire Redfin for $1.75B

Redfin is being acquired in an all-stock transaction that values the real estate listing platform at $1.75 billion.

by: Insider

Tech-heavy Nasdaq suffers worst day since 2022 in $1 trillion wipeout

The 4% drop in the Nasdaq on Monday marked its worst day in years as Trump refused to rule out recession.

by: Reuters

Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slump

Elon Musk is running his businesses "with great difficulty" while working with the Trump administration, the Tesla CEO said on Monday in an interview with Fox Business. His remarks followed Tesla losing $130 billion in stock market value in a broad selloff on Wall Street that left the electric car maker's shares at their lowest since October.

by: Time

Why Canada Is Giving Mark Carney a Shot

The former central banker will become the next PM, and many Canadians see him as the best hope in the Trump era.

by: Forbes

How Businesses Can Join Their Banks In The Fight Against Fraud

Here's how businesses can graduate from education and awareness to meaningful action that protects their money—and empowers their banks.

by: Cryptopolitan

Investor Interest In Dogecoin (DOGE) and Cardano (ADA) On The Decline But This Token Is Seeing It Skyrocket

The crypto market shows contradictory values between investors. Investors across the market are moving away from Dogecoin (DOGE) and Cardano (ADA) toward crypto projects that provide practical applications and predictable business expansion.

by: Bloomberg

Banks Race to Catch Up With EU Defense Goals in Major Reset

It's a frequent refrain from European defense startups working on everything from new drone technologies to advanced surveillance equipment. Their experience shows that the ways

by: AOL

From half-pipes to high finance: Here are 3 top-notch money tricks investors can take from Tony Hawk's unexpected success and smart investments

When you think of Tony Hawk, chances are you picture him pulling off a 900 or flying high in a skatepark. And while Hawk managed to conquer the skateboarding world thanks to his legendary skills, he managed to hone some pretty serious financial tricks too.

by: Forbes

AI In Wine And Whiskey Investing: Smart Tool Or Sour Strategy?

Thanks to the recent AI boom, many investors are exploring how to use AI technology to navigate these lucrative yet complex markets.

by: Reuters

US rescinds Biden memos prioritizing climate in infrastructure projects

U.S. Transportation Secretary Sean Duffy rescinded two memos on Monday issued during the Biden Administration that encouraged states to address how climate change and equity impacts infrastructure projects.

by: Insider

Elon Musk said he's running his businesses with 'great difficulty' as Tesla stock falls 15%

Elon Musk said in an interview that running his businesses while working with the White House has not been easy. Tesla stock declined 15% on Monday.

by: Fortune

Here's why the CEOs of major retailers like Walmart, Gap and Target are sounding so calm about Trump's tariff standoff

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: Insider

With the stock cut in half, Tesla investors want their CEO back

"It's become clear he's now spending more time on DOGE than anything else," said one analyst of Elon Musk.

by: Reuters

Lloyd's of London expects $2.3 billion in net losses from Los Angeles wildfires

Lloyd's of London said on Monday it expected $2.3 billion in net losses caused by the recent Los Angeles wildfires, as the insurance marketplace reported a dip in underwriting profit for last year.

by: Fortune

Former Twitch's CEO words of warning to Gen Z interns: Prestigious jobs on paper are 'mostly a trap' and money is a 'constraint'

Emmett Shear warns interns that joining the workforce is full of traps.

by: Forbes

Who Is Mark Carney? Former Goldman Sachs Banker And Trump Critic Is Canada's New Prime Minister.

Canada's new leader previously denounced Trump's planned tariffs on the country, saying Canadians would "stand up to a bully."

by: Fortune

The California crisis in homeowners insurance has only one real solution

Real risks to homes remain deeply underpriced—as much as 10 to 20 times state estimates.

by: Reuters

IBM wins UK lawsuit against LzLabs over alleged theft of mainframe technology

IBM on Monday won a London lawsuit against U.S. tech entrepreneur and philanthropist John Moores' company LzLabs, which the IT giant accused of stealing trade secrets.

by: Insider

Tech-heavy Nasdaq suffers worst day since 2022 with $1 trillion wiped out

The 4% drop in the Nasdaq on Monday marked its worst day in years as Trump refused to rule out recession.

by: Forbes

Redefining The Customer Journey: A Value-Based Approach To Life And Health Insurance

Balancing salespersonship with an unwavering commitment to doing the right thing can transform the way we do business, leading to higher satisfaction and loyalty.

by: Reuters

Artisan Partners opposes Japan retailer Seven & i's CEO choice

Artisan Partners , a U.S.-based investor in Seven & i Holdings , on Sunday opposed the Japanese retailer's CEO succession plan and urged the company to reconsider a takeover offer, according to a letter to the board.

by: Insider

The surprising truth about low performers

Studies show that firing low performing employees doesn't "raise the bar" — it actually lowers performance

by: Fortune

Inflation sticker shock is making Gen Z ditch doom spending and revenge travel once and for all

Americans are cutting back on spending due to inflation, but experts say it could boost their money management.

by: Insider

Stock of the Day: Coinbase falls 10% on crypto-summit disappointment, S&P 500 snub

Trump's hotly anticipated crypto summit failed to lift prices, and the company was also left out of the benchmark S&P 500.

by: Fortune

'Corporate social responsibility' is a flawed concept. What we really need is 'corporate accountability'

Just as children outgrow their focused self-interest, corporate accountability means challenging companies to come of age.

by: Fortune

ServiceNow buys AI agent company Moveworks for $2.85 billion

ServiceNow, which provides businesses with outsourced IT and customer service support as well as other digital services, said it was buying the business process automation company Moveworks for $2.85 billion in cash and stock.

by: Insider

Stock of the Day: Coinbase falls 5% on crypto-summit disappointment, S&P 500 snub

Trump's hotly anticipated crypto summit failed to lift prices, and the company was also left out of the benchmark S&P 500.

by: Fortune

AI agents are carving out an important role in the workplace, says Workday's CFO

Tech company Workday's AI platform manages finances, HR, and now digital employees. I recently sat down with Zane Rowe, CFO of Workday, to talk about agentic AI, which refers to AI-powered agents that can independently perform tasks,

by: Insider

Canada's incoming prime minister is used to Trump's kind of trash talk

Mark Carney is expected to replace Canadian Prime Minister Justin Trudeau as Canada grapples with Trump's tariffs.

by: Fortune

Mark Carney: Financier, banker, and Canada's new premier

After winning the race to replace Justin Trudeau as Liberal leader yesterday, Mark Carney will become Canada's next prime minister. The length of his tenure will depend on whether he wins the next federal election,

Why do banks keep offering you credit cards? Here's the real reason

The Indian credit card market is booming, with banks leveraging technology to attract users. In this kind of environment consumers must consult financial advisers. While credit cards offer rewards and benefits,
The article from MSN Money explains why banks are keen on offering credit cards to consumers. It highlights that banks earn revenue through various fees associated with credit cards, such as annual fees, late payment fees, and over-limit fees. Additionally, banks make money from the interest on unpaid balances, which can be substantial given the high interest rates on credit cards. Another significant reason is the interchange fee, which is a charge paid by the merchant to the bank for each transaction made with the card. This fee incentivizes banks to encourage more card usage. Moreover, credit cards help banks in cross-selling other financial products like loans or insurance, enhancing customer retention and profitability. The article also notes that while credit cards offer benefits like rewards and convenience, the primary motivation for banks is the lucrative revenue stream they generate.

Read the Full Mint Article at:
https://www.msn.com/en-in/money/topstories/why-do-banks-keep-offering-you-credit-cards-heres-the-real-reason/ar-AA1ABzPV

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