• Wed, March 12, 2025

by: Newsday

Is a recession coming in 2025? Long Island economists weigh in.

Online search engines have seen an uptick in people asking questions about the country's economic fate, including "is a recession coming in 2025," "how to prepare for a recession," and "what is a recession.

by: BusinessTech

The big winners and losers in South Africa's 2025 budget

The Treasury committed R5 billion to the military to fund a peacekeeping mission in eastern Congo, where Rwanda-backed rebels have wreaked havoc. Many South African troops have died in the central African nation, and regional groups haven't managed to broker a ceasefire so far.

by: MarketWatch

I invested $4,000 in 2020 when the market crashed. It's now worth $55,000 with 65% in Nvidia. Am I now in trouble?

I had $3,000 when the stock market crashed in 2020. I immediately invested that in stocks, letting myself become homeless (sleeping in the local park by a gym where I could shower

by: IOL

South Africa Wine condemns unfair excise tax decision

Finance Minister Enoch Godongwana said in the 2025 Budget that government will impose more taxation on tobacco and alcohol products in the coming year.

by: WTOL

Financial stress rises as tax season approaches; experts warn of common mistakes and scams

With the April 15 tax deadline just a month away, stress is mounting for millions of Americans. Experts with the IRS said tax season often worsens existing money worries, leading to last-minute filings and potential mistakes.

by: Forbes

18 Ways To Navigate Financial Challenges And Protect Your Organization

Leaders experiencing financial losses should take a hard look at their fixed and variable costs. By cutting unnecessary fixed expenses and bo

by: CNET

Own a Home? Here's How the Mortgage Interest Deduction Will Lower Our Tax Bill

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

by: Yahoo

Fat Tomato Grill owner passing the torch: 'It's been a hell of a run'

Greg Flagg and his wife, Karen Henderson Flagg, will succeed Charlie Caramihalis as the new owners of Fat Tomato Grill in York on March 22, 2025.

by: Fortune

Companies that want to hire workers with AI skills need to focus on this 3-part strategy

Workers with AI skills are in high demand and companies are struggling to source talent.

by: Reuters

US keeps Iran gas waiver but ends power exemption, says Iraqi PM adviser

The Iraqi prime minister's foreign affairs adviser, Farhad Alaaeldin, told a local Iraqi TV channel on Wednesday that the waiver guaranteed by the United States on importing Iranian gas has not been revoked and is still in effect.

by: Week99er

Top Cryptos to Invest in Today: Qubetics Presale Explodes, SEI's $120M Exit, and Ethereum's ETF Outflows

Qubetics, SEI, and Ethereum are making headlines. Find out why Qubetics is one of the top cryptos to invest in today, and how SEI and Ethereum are developing.

by: KFVS12

Heartland business owners in the steel industry address the impact of tariffs

Heartland business owners brace for price hikes as President Donald Trump increases tariffs on steel and aluminum--while other countries retaliate.

by: AOL

Tesla US registrations dip 11% in January, the latest sign of demand weakness and consumer backlash

S&P Global Mobility reports registrations for Tesla vehicles in the US dipped to 43,411 in January, an 11% dip compared to a year ago. Though Tesla retained the top spot in terms of US market share at 42.5%, it represented a whopping drop of 12 percentage points from a year ago. Automotive News first published the S&P data.

by: CNN

US inflation cooled in February, but Trump's tariff plans and trade war loom

Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.

by: FXStreet

Crypto Today: BTC, Pi Network and HBAR rally as US CPI triggers $40B buying spree

The combination of $117 million in stablecoin inflows, $370 million pouring into memecoins amid a 7.4% sector-wide surge, and the latest US CPI data showing cooling inflation all point to a recovery phase that could be sustained in the near term.

by: WHAS11

'He was constantly giving' | Louisville remembers Junior Bridgeman's life and legacy

Junior Bridgeman, a Louisville legend and former NBA star, died from a medical emergency at the Galt House on March 11.

by: Insider

Billionaire Leon Black gave even more money to Jeffrey Epstein than we knew, Senate investigators say

The Apollo Global Management cofounder said he paid Jeffrey Epstein for tax advice. A US Senator investigating the financial transfers is skeptical.

by: CNET

Southwest Airlines Just Axed This Travel Perk, but There Are Still Ways to Get It for Free

It's the end of a (free) era: Southwest Airlines will begin charging for checked bags at the end of May.

by: CNBC

Southwest is adding baggage fees and credit card perks

If you don't have Southwest elite status, the cheapest option for getting a free checked bag will be the Southwest Rapid Rewards® Plus Credit Card. It has a $69 annual fee, which may be as much as the baggage fees for a round-trip flight.

by: Fortune

Technologist at 107-year-old company warns about overspending on AI: 'People can get carried away'

Sastry Durvasula talks about helping bring a legacy company into the digital age by deploying AI.

by: BusinessTech

Medical aid tax credits, fuel levies and VAT - what to expect in South Africa's new budget

Economists at Nedbank lay out what they expect from Finance Minister Enoch Godongwana's second attempt to balance South Africa's books.

by: AOL

Treasury Secretary Scott Bessent to CEOs: It's common sense to cut taxes

With markets reeling because of volatile tariff headlines from the Trump administration, one of the president's top Cabinet members is reportedly aiming to get CEOs and investors to focus on something more bottom-line friendly. The prospect of permanent Trump tax cuts.

by: Reuters

Bank climate coalition seeks to overhaul rules, chair says

The world's leading climate coalition for the banking sector is canvassing members over changes to its rules, its chair told Reuters, following the withdrawal of some of the biggest banks and as the real economy falls short of more ambitious climate action.

by: Forbes

What The Digital Divide Can Teach Us About The AI/ML Revolution

Businesses that adapted to digital transformation surged ahead, while those that didn't struggled to stay relevant. Today, we're facing a new divide—one that's moving even faster. Artificial intelligence and machine learning are revolutionizing industries,

by: GOBankingRates

Here's How Inflation Impacts Your Bank Account (And How To Take Advantage)

Inflation isn't just a buzzword -- it has real effects on your finances, from the interest rates on loans to the value of your savings. Find Out: If You're Thinking About Getting a CD, Suze

by: IOL

Trade experts map SA's future as US relations cool

Experts urge South Africa to diversify its trade relationships and adapt to changing US policies following the cancellation of the Just Energy Transition Partnership.

by: CNET

PSA: Procrastinating Your Taxes Can Make Filing More Expensive. Here's Why

Waiting until the IRS deadline to file taxes can be costly, especially for freelancers and filers looking to itemize expenses.

by: GOBankingRates

Bread Savings CD Rates and Terms for 2025

Bread Savings is an online-only bank that offers high-interest CDs and a savings account. Here are the Bread Savings CD rates in 2025.

by: Forbes

Silicon Valley Unicorns: Market Trends And A Reality Check At The Start Of 2025

This year is shaping up to be the year when applied AI solutions demonstrate their long-term commercial value at scale.

by: CNBC

8-year-old's coffee business brought in $150,000 in 2024 and just got him a deal on 'Shark Tank'

Ethan Sanborn and his dad pitched their company Kiid Coffee on ABC's "Shark Tank" and got interest from multiple investors, including Mark Cuban.

by: Fortune

CEOs are turning to AI for business advice and they trust it even more than their friends and peers

Executives aren't just using AI to crunch numbers, they're looking for the robots to make decisions for them.

by: AOL

Intel stock climbs following report that TSMC has pitched Nvidia, AMD on venture to run Intel's foundry business

Shares of Intel rose on Wednesday following a Reuters report that TSMC has pitched Nvidia, AMD, and Broadcom on a plan to run Intel's chip manufacturing business.

by: Reuters

Italy signals light touch when reviewing UniCredit's bid for BPM

Italy intends to use its right to intervene on UniCredit's bid for Banco BPM in a reasonable manner, Economy Minister Giancarlo Giorgetti said on Wednesday, appearing to rule out a hardline approach to the deal.

by: Insider

What is Tax Liability? Understanding Your Financial Obligations

Understand what tax liability is, how it's calculated, and its impact on your finances. Learn about different types of tax liabilities and how to manage them effectively in 2025.

by: AOL

It's not that Trump doesn't care about markets. He just cares about tariffs more.

A review of President Trump's recent commentary suggests he cares more about tariffs than markets — at least so far — during his second go-around in the White House.

by: Forbes

Banks In The USA Should Be Permitted To Own Cryptocurrency

Banks need to enter the market. Regulatory uncertainty, concerns over volatility, and the perceived risks associated with digital assets have kept banks on the sidelines.

by: Reuters

French defence build-up must not push finances off course, minister says

French government plans to increase defence spending must be designed in a way that does not push strained public finances off course, Finance Minister Eric Lombard said on Wednesday.

by: Insider

Tax Relief Services: Your Guide to Financial Stability

Discover top-rated tax relief services to help you resolve tax issues, reduce debt, and avoid penalties. Learn how professional tax resolution services can assist you in achieving financial stability in 2025.

by: Reuters

Brazil will not retaliate against US steel tariffs immediately, minister says

Brazil's Finance Minister Fernando Haddad said on Wednesday that the South American country would not immediately retaliate against tariffs imposed by the United States on steel and aluminum imports,

by: Forbes

The Lower Middle Market Advantage: How Smaller Deals Can Deliver Big Returns

But in the world of private equity and investment banking, the lower middle market, transactions typically valued between $10 million and $500 million, often deliver some of the most compelling opportunities for investors.

by: Insider

One man stood between Trump and a recession. Now he's gone.

Wall Street assumed that the stock market would act as a check on Donald Trump's worst economic impulses. That isn't panning out.

by: Insider

End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock

The Swedish company aimed to become Europe's main EV battery maker and take on Chinese rivals, but filed for Chapter 11 protection in November.

by: Reuters

Moody's sees improved outlook for banks in France, Germany and elsewhere

The credit ratings agency Moody's said on Wednesday that it deemed the outlook for banking sectors in France, Germany, Sweden, Belgium and the Netherlands as "stable", an improvement from an early "negative" outlook.

by: Insider

Marc Benioff, Ray Dalio, and the cofounder of Alibaba talk US and China AI

"China is behind, but not by a lot, in the best chips," said Ray Dalio at a Wednesday conference in Singapore.

by: Reuters

Bank of America cuts 150 junior jobs in investment banking, sources say

Bank of America's latest cull has eliminated 150 jobs of junior bankers at its investment bank, two sources familiar with the matter told Reuters on Tuesday.

by: Reuters

Puma sees quarterly sales drop on US, China performance

German sportswear Puma said on Tuesday it expects quarterly currency-adjusted sales growth to be in a low single-digit percentage, below the previous year's level, due to a soft performance in the U.S.

by: Reuters

Trump's steel, aluminum tariffs take effect as global trade war intensifies

President Donald Trump's increased tariffs on all U.S. steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade norms in favor of the U.S. that drew swift retaliation from Europe.

by: Reuters

UK payments regulator to be abolished and absorbed by financial watchdog

LONDON] Britain's payments regulator will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday, as it aims to cut red tape in favour of growth. Read more at The Business Times.

UK payments regulator to be abolished and absorbed by financial watchdog

LONDON] Britain's payments regulator will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday, as it aims to cut red tape in favour of growth. Read more at The Business Times.
The UK government has decided to abolish the Payment Systems Regulator (PSR) and integrate its functions into the Financial Conduct Authority (FCA) as part of a broader initiative to streamline financial regulation. This move aims to enhance efficiency and reduce costs by eliminating overlapping regulatory roles. The PSR, established in 2015 to oversee payment systems and ensure they serve the interests of users, will see its responsibilities, including the regulation of payment systems and the promotion of competition, absorbed by the FCA. This decision follows a review by the Department for Business and Trade, which concluded that merging the PSR with the FCA would not only simplify the regulatory landscape but also potentially save up to £4.7 million annually. The transition is expected to be completed by 2024, with the FCA taking over the PSR's staff and regulatory duties.

Read the Full Reuters Article at:
https://www.msn.com/en-us/money/financial-regulation/uk-payments-regulator-to-be-abolished-and-absorbed-by-financial-watchdog/ar-AA1AITDW

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