• Thu, March 13, 2025

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: 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: 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: 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: RochesterFirst

Business owner and manager share thoughts on east end restrictions, six months later

Going on six months now since the restrictions have been put in place at the City's East End Entertainment district. News 8's Adelisa Badzic spoke to a business owner and a manager Thursday - who are both split on the city's decision.

by: Reuters

AIA declares $1.6 billion buyback, annual new business value rises 18%

Kong based insurer AIA on Friday declared a $1.6 billion buyback plan, citing a refurbished capital management policy, and posted an 18% rise in annual value of new business on strong performance at core markets.

by: TipRanks

ARMOUR Residential REIT Updates Financial Position and Dividend

ARMOUR Residential REIT ( ($ARR) ) has shared an announcement. On March 13, 2025, ARMOUR Residential REIT, Inc. released a presentation detailing

by: GOBankingRates

The Best Time of Year To Buy a House

Real estate agents and mortgage lenders alike often have strong opinions about when the best time to buy a home is. The housing market, though volatile at times, can have a certain predictability

by: Moneyweb

How Eskom and National Treasury saved taxpayers more than R20bn

Considering the pressure on the budget, the need to limit government borrowings, and the fact that Eskom has a big upcoming payment of R39 billion for debt maturing on 2 April 2026 and another of R10 billion in 2027/28, Eskom and National Treasury agreed that government would rather settle these two amounts and finalise the debt relief programme.

by: WFAA

Fort Worth family business faces rising costs due to steel tariffs

Justin Haas, owner of J Haas Welding and Fabrication, manages rising steel costs by stocking up and maintaining transparency with clients about tariff impacts.

by: AOL

Tech leaders at Anthropic, IBM, and Meta warn that AI is coming for software developer jobs

Tech leaders are sounding the alarm that within months, AI will be doing all new coding and programming—but there's conflict when it comes to timing and impact. Anthropic CEO Dario Amodei had a bold prediction this week that could kill thousands of jobs in software development,

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: 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: 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: 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: 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: 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: 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.
  • Fri, March 14, 2025

by: BusinessGhana

Govt to overhaul VAT System by end of year - Finance Minister

The government aims to implement the VAT reforms by the end of the year, ensuring a more efficient tax system that aligns with international best practices.

by: Variety

VFX and Animation Studio Cinesite Raises $215 Million On the Heels of Technicolor Collapse

The Cinesite group, a global visual effects and animation studio collectives, has raised $215 million through a series of transactions "to support its continued operations, technological innovation and strategic expansion" during a turbulent time for the VFX industry that in recent weeks saw the collapse of VFX giant MPC and its parent company Technicolor.

by: IOL

Standard Bank aims to lead Africa's energy, infrastructure development

Standard Bank Group's CEO Sim Tshabalala outlines how the bank wants to be part of the mobilisation of finance for energy and infrastructure projects in Africa, highlighting the bank's role in sustain

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.
iRobot, the company behind the Roomba vacuum, is facing significant financial challenges that could potentially lead to its closure. Once a target for acquisition by Amazon, which aimed to integrate iRobot's technology into its ecosystem for a broader smart home revolution, the deal fell through due to regulatory concerns over market dominance. Now, iRobot is grappling with declining sales, increased competition, and the need for substantial cost-cutting measures, including layoffs. The company's stock has plummeted, and it has been forced to seek financing to stay afloat, highlighting a stark contrast to its once-promising future in the tech and home automation industry.

Read the Full Fortune Article at:
https://www.msn.com/en-us/money/companies/roomba-creator-irobot-was-once-courted-by-amazon-for-a-vacuum-revolution-now-it-might-go-out-of-business/ar-AA1APO54

Like: 👍