• Thu, March 13, 2025

by: Barchart

Stocks Slip Before the Open as U.S. Shutdown Fears Grow, PPI Data in Focus

S&P 500 E-Mini futures (ESH25) are down -0.21%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.36% this morning as concerns about whether Washington lawmakers will avert a government shutdown this weekend contributed to uncertainty regarding the U.

by: MarketWatch

Mallinckrodt and Endo plan merger as they look to recover from opioid litigation

The new entity will be listed on the New York Stock Exchange and is expected to generate pro forma revenue of $3.6 billion in 2025 and at least $150 million of annual operating synergies by year three.

by: Week99er

Best Altcoin to Buy in March 2025? Qubetics Sell 499M Tokens, SEI's $557M Revenue, and Mantra's $6B Market Cap!

Discover why Qubetics, SEI, and Mantra are the best altcoin to buy in March 2025. Learn about their unique use cases and how they stand out.

by: Fortune

Roomba creator iRobot was once courted by Amazon for a vacuum revolution. Now, it might go out of business

iRobot became synonymous with home robots when it introduced the Roomba vacuum over 20 years ago, eventually selling 50 million models and becoming an acquisition target for Amazon. But the company gave investors a stark warning Wednesday, saying it may go out of business as sales and headcount plummet.

by: eNCA

Budget 2025 | The good, the bad and the unexpected

Value-added tax has increase by 0,5 percentage points this year. Another 0,5 next year, will push VAT up to 16 percent by April 2026.

by: Astrofame

Taurus: Your daily horoscope - March 13

Your first obligation is to yourself.📖 Repeating numbers aren't random. Discover their message with a reading + in-depth guide. Your love horoscope New information regarding opportunities for career,

by: Due

Volatile Markets and Cautionary Economic Indicators

by: Axios

Exclusive: GSR Ventures splits its U.S. and China arms

GSR Ventures tells Axios that it has formally separated its U.S. business from its China business, and renamed the U.S. effort as Informed Ventures. Why it matters: GSR was one of several VC firms rebuked last year by Congress for its cross-border investing activities,

by: Africanews

U.S. Gold Card: What it means for African investors Business Africa

US fast-track citizenship initiative offers wealthy investors tax perks, raising questions about its impact on global migration and investment while SMEs in Kenya account for 75% of the workforce, with digital solutions driving efficiency and fostering collaborations with larger businesses.

by: Bloomberg

Trump Crypto Venture Has Talked to Binance About Doing Business

World Liberty Financial Inc., one of the Trump family's crypto ventures, has discussed doing business with the world's largest digital-asset exchange, Binance Holdings Ltd., whose founder pleaded guilty to failing to take required measures to prevent terrorists,

by: Euronews

Generali, Deutsche Bank and Deliveroo: The company news moving the markets

Strong results from Italy's Generali Group and British Deliveroo, as well as the declining profit of Hugo Boss, were shaping the European market landscape on Thursday. View on euronews

by: BusinessTech

South Africa doesn't have a budget

Business leaders have warned that South Africa cannot get complacent thinking that the tabled budget on Wednesday (12 March) is a done deal, saying that it has not been passed, and great uncertainty lies ahead.

by: Observer

Blockchain's Billion-Dollar Blunder: How Finance's Tech Revolution Became an Awkward Evolution

Blockchain was supposed to rewrite finance's playbook, but costly smart contracts, endless integration struggles, and security fiascos have turned the tech's promised revolution into a lesson on

by: Forbes

Elon Musk Hit With First Formal Conflict Of Interest Complaint Over FAA-Starlink Deal

Musk has long faced concerns about his Trump administration work posing a conflict of interest with his private companies.

by: stacker

What are business expense cards and how do they work?

PeopleImages.com - Yuri A // Shutterstock What are business expense cards and how do they work? M anaging business expenses used to mean shuffling paper receipts, chasing down emp

by: WKYT

Lexington welder discusses impact tariffs could have on business

Now that the trump administration's 25% tariffs on all steel and aluminum imports have gone into effect, we talked to a central Kentucky welder who uses steel and aluminum materials for a living.

by: CNN

Trump imposes sweeping 25% steel and aluminum tariffs. Canada and Europe swiftly retaliate

President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.

by: Insider

FourLeaf Federal Credit Union Review 2025

Our FourLeaf Federal Credit Union explains the online credit unions bank accounts, and compares it to other online financial institutions.

by: CNA

CNA Explains: What happens if a Singapore-licensed investment platform goes under?

On online forums and social media, users highlighted that - unlike for bank deposits - money placed with such investment platforms is not covered by the Singapore Deposit Insurance Corporation's (SDIC) Deposit Insurance Scheme.

by: Moneycontrol

Top gainers and losers today: Stock that moved the most on March 13

Benchmark indices ended lower in a volatile session, with Nifty slipping below 22,400 despite positive cues from industrial production and retail inflation data, closing the week nearly a percent lower.

by: Audacy

Tax cuts, big housing investment, highlight Parker's new, $6.7 billion city budget proposal

Mayor Cherelle Parker's new $6.7 billion budget proposal features major cuts to some of the city's marquee taxes while also funding a massive expansion of housing investment citywide. City Council will now debate before a final approval vote in June.

by: CNBC

CNBC Daily Open: A muted inflation report for February supported markets even as the trade war heats up

Cooler-than-expected U.S. inflation soothed investors, but U.S. President Donald Trump's 25% tariffs on steel and aluminum imports have kicked off a tariff war.

by: Politico

Lobbyists lay out an ethics roadmap for using AI

The National Institute for Lobbying & Ethics has unveiled its first set of recommendations for the use of artificial intelligence in lobbying campaigns.

by: SmartAsset

New Jersey Corporate Tax: What It Is and How It Works

New Jersey applies a graduated corporation business tax (CBT) on corporations, with rates that vary based on income. Recent law changes have added extra fees for some corporations, affecting their total tax costs.

by: GOBankingRates

Why Money Expert Ramit Sethi Hired a Financial Advisor

Ramit Sethi, host of Netflix's "How To Get Rich," New York Times bestselling author and Host of the "I Will Teach You To Be Rich" podcast, is a trusted sage in the personal finance space and

by: Reuters

French antitrust clears Carrefour's acquisition of Delhaize's French business

French antitrust authority said on Thursday it had approved the acquisition by Carrefour of the French business of Belgian retailer Louis Delhaize on the condition that eight stores would be sold to competitors.

by: Insider

What Happens If I Don't File My Taxes? Understanding the Consequences

Learn what happens if you don't file your taxes in 2025. Discover the consequences, penalties, and how to address unfiled tax returns to avoid further issues.

by: Forbes

The Art Of Risk Management And Navigating Uncertainty

The ability to identify, evaluate and minimize risks is a vital skill that informs decisions on everything from financial investments to personal health and even corporate strategy. In the increasingly complex world, risk management is the ability to navigate the unknown.

by: Moneycontrol

NIFTY 50 Intraday: Shriram Finance and Tata Motors Among Top Losers; Bharat Elec and SBI Lead Gains

Among the top losers in the NIFTY 50, Shriram Finance led the decline, falling 2.8% to Rs 619.10. Tata Motors followed, decreasing by 1.82% to Rs 656.15. Hindalco also saw a decrease of 1.66%, reaching Rs 678.40. Wipro shares fell by 1.62% to Rs 264.20, and HDFC Life experienced a drop of 1.5%, settling at Rs 622.55.

by: Forbes

What Trump's Presidency Means For Medicare (And What You Can Do About It)

Medicare is always a hot topic, and every time there's a shift in the White House, people start speculating about how it will impact the healthcare landscape. When you bring up "Trump" and "Medicare" in the same sentence,

by: GOBankingRates

What Is a Credit Report and How Do You Read It?

What is a credit report? It's a detailed summary of your credit history, debts and payment habits. Find out how it impacts your finances.

by: Insider

How to Get a Personal Loan: Requirements and Considerations

Get a comprehensive overview of personal loan requirements. Understand the essentials to help you prepare for a successful loan application.

by: Reuters

Tesla working with Baidu to improve assisted driving system in China - sources

Tesla is working with Chinese tech giant Baidu to improve the performance of its advanced driving assistance (ADAS) system in China, two people with knowledge of the matter said, after a recent update drew customer criticism.

by: Insider

An early TikTok investor is $17 billion richer this year, making him the wealthiest man in finance after Warren Buffett

Susquehanna's Jeff Yass now ranks 23rd on the Bloomberg rich list with a $63 billion fortune, reflecting his early bet on TikTok-owner ByteDance.

by: Reuters

US importers and retailers of EU wine warn of closures, layoffs from tariffs

U.S. importers, distributors and retailers selling French champagne and Italian wines told Reuters that U.S. President Donald Trump's threatened 200% tariff on European alcoholic drinks would hit them hard.

by: GOBankingRates

Chime vs. Varo: Comparing Features, Fees and Benefits

Here's a breakdown of Chime vs. Varo, two incredibly popular options for today's modern-day digital banking needs. Read on for more details:

by: Reuters

Goldman Sachs CEO expects IPOs to increase this year - Fox Business

NEW YORK (Reuters) -Goldman Sachs CEO David Solomon told Fox Business on Wednesday he expects initial public offerings (IPOs) to increase this year. "IPOs have been muted over the last couple of years,

by: Reuters

India central bank chief urges common pool of climate-focused projects to enhance financing

Indian banks and non-bank finance companies (NBFCs) should consider setting up a common pool of bankable projects for climate-related financing, the country's central bank chief Sanjay Malhotra said on Thursday.

by: Reuters

Exclusive: T. Rowe Price's head of governance Donna Anderson to retire at year-end

Donna Anderson, who heads corporate governance at T. Rowe Price and has been a powerful voice on a range of hot-button topics in the investment world, intends to retire at the end of this year, the asset manager told Reuters.

by: Reuters

Britain's poorest households worse off than those in Slovenia, think tank says

Britain's poorest households are worse off than those in Slovenia and Malta after nearly two decades of stagnation in UK living standards, a think tank said, underscoring finance minister Rachel Reeves' challenge in this month's budget update.

by: Reuters

Too early to discuss unblocking foreign funds in Russia, finance ministry says

Moscow is unwilling for now to discuss the unblocking of foreigners' funds in Russia while its own sovereign and private assets remain frozen overseas, Deputy Finance Minister Ivan Chebeskov said on Thursday.

by: Reuters

Dollar General forecasts tepid 2025 due to strained consumer spending

Dollar General on Thursday forecast annual sales and profit targets below estimates, joining a growing list of retailers that have signalled a grim year as still-high inflation and economic uncertainty dent consumer spending.

by: Reuters

Wall St set for lower open after Trump's new tariff salvo; spotlight on inflation data

Wall Street's main indexes were on track to open lower on Thursday after President Donald Trump upped his tariff rhetoric against the European Union, while investors found some reprieve from signs of cooling inflation.

by: Reuters

US Senator Warren demands Medicare nominee Dr. Oz sever industry ties

President Donald Trump's nominee to lead the agency overseeing Medicare should divest financial ties to healthcare and pharmaceutical companies that could benefit from his policy decisions, Democratic U.

by: Reuters

Canada's CIBC names capital markets head Harry Culham as next CEO, Dodig to retire

Canadian lender CIBC on Thursday named capital markets head Harry Culham as its next CEO, replacing Victor Dodig who will retire in October after over a decade at the top.

by: Reuters

Thai business group urges PM to negotiate with U.S. amid tariff fears

A Thai business group on Thursday urged Prime Minister Paetongtarn Shinawatra to negotiate with the United States and consider lowering import taxes on U.S. goods, as the government met with the private sector to discuss U.

by: Reuters

Drugmakers Mallinckrodt and Endo to merge in nearly $7 billion deal

Mallinckrodt and Endo , drugmakers with a shared history of facing U.S. opioid litigation, have agreed to merge in a deal valued at nearly $7 billion.

by: Reuters

Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls

Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.

Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls

Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.
Citigroup Inc. is planning to significantly reduce its reliance on external IT contractors by hiring more full-time staff, aiming to enhance control over its technology operations. This strategic shift, announced on March 13, 2025, is part of a broader initiative to improve efficiency and manage costs more effectively. The bank has been under scrutiny for its technology management, especially after a series of operational issues and regulatory fines. By transitioning to in-house staff, Citigroup seeks to streamline its IT processes, reduce expenses associated with contractor fees, and ensure better alignment with the company's long-term goals. This move also reflects a broader industry trend towards reducing external dependencies in critical operational areas.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/citigroup-plans-slash-it-contractors-hire-staff-improve-controls-2025-03-13/

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