Fri, March 14, 2025

by: MarketWatch

Banks are feeling the strain as lower-income consumers struggle with inflation and tariff chaos

JPMorgan Chase banking analyst Vivek Juneja said Friday that banks could feel the crunch from U.S. consumers — especially lower-income consumers — as the first quarter of 2025 wraps up in the next couple of weeks, while overall credit strength remains robust for the sector.

by: Investopedia

Why Filing Your Taxes Early Could Save You Stress and Money

Filing your taxes early can get you your refund faster. You'll have more time to plan how you'll pay your taxes if you prepare your return before the deadline.

by: Stocktwits

Crown Castle Stock Gains Premarket After $8.5B Deal To Sell Small Cells And Fiber Solutions: Retail's Divided

Crown Castle (CCI) stock rose 3% in pre-market trade on Friday after the cell tower operator said it would sell its small cells and fiber solutions businesses for a total of $8.5 billion. The communications-focused real estate investment trust (REIT) said it would sell its small cells business to private equity firm EQT AB and its fiber solutions

by: Invezz

4 reasons Alibaba stock price is surging this year and what next

Alibaba stock price has bounced back this year, soaring to its highest level since November 2021. BABA rose to a high of $140 in New York, and is beating other technology companies like Amazon and Alphabet.

by: Fortune

Publicis New York CEO Carla Serrano and the downside of Trump's war against all

I was talking yesterday with Carla Serrano. Along with being CEO of Publicis New York and chief strategy officer of Publicis Groupe, she is a fellow Canadian and we were commiserating about the impact of the ongoing tariff war on a personal level.

by: Forbes

AI's Expanding Role In Retail And E-Commerce: Balancing Efficiency With Human Touch

Artificial intelligence (AI) is reshaping the way businesses operate in the retail and e-commerce spaces. From streamlining supply chains to enhancing customer interactions, AI is becoming a powerful tool—but like any major transformation, it comes with both opportunities and challenges.

by: CNN

Fear and resignation after 'world's most powerful company' pays Trump a $100 billion 'protection fee'

It was a surprise ceremony at the White House presided over by President Donald Trump to unveil a $100 billion investment from what he called the world's most powerful company, Taiwan Semiconductor Manufacturing Company (TSMC).

by: Insider

Life after RTO: 11 Amazon employees reflect on the highs and lows of returning to the office full time

Amazon's 5-day return-to-office mandate took effect earlier this year. Some workers applaud the RTO policy, while others say it's ruined their jobs.

by: Newsweek

Companies and Communities Feel Effects of $20B Climate Funding Freeze

"Many of them are going to go out of business," a clean-energy entrepreneur said of the companies that had been counting on the Greenhouse Gas Reduction Fund.

by: GOBankingRates

Best 3-Month CD Rates and Offers for 2025

CD is a good option if you're looking for a guaranteed rate with no risk. Find out which banks currently offer some of the best 3-month CD rates.

by: BusinessTech

South Africa bans cannibas and hemp products, and Eskom maintenance lie

Here are five other news stories making waves in South Africa today:

by: Cryptopolitan

Crypto Analysts Believe This New Crypto Could Become Bigger Than Solana, XRP and BNB

A new crypto project is turning heads as analysts believe it could outgrow industry giants like Solana, XRP and BNB. While these established tokens dominate DeFi, trading and payments, this emerging contender is tackling real-world financial challenges in a way no other has.

by: Mint

Bajaj Finserv Loan: Find the latest updates on gold loan

Access gold loan starting from Rs. 5,000 to Rs. 2 crore and benefit from quick disbursal, free insurance of gold, competitive interest rates, and more.

by: Reuters

Singapore's DBS raises $2 billion through US dollar bonds, term sheet shows

DBS Group , Southeast Asia's biggest bank, has raised $2 billion through a multi-tranche U.S. dollar senior bond issuance for general business purposes and to finance treasury activities, according to a term sheet seen by Reuters on Friday.

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

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.
Thu, March 13, 2025

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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: Kiplinger

Don't Make These Five Mistakes on Your Tax Return

Here are some common tax errors you should avoid on your current tax return. Taxpayers not eligible for an SSN must have an IRS individual taxpayer identification number (ITIN). ITINs are 9-digit numbers issued by the IRS to taxpayers that don't have a SSN for U.S. federal tax purposes.

by: Zawya

RemotePass and Wafeq partner to automate payroll and accounting for UAE & KSA businesses

RemotePass, a UAE-based global payroll platform, and Wafeq, a UAE-based accounting software provider, have partnered to fully automate payroll accounting for businesses in the UAE and KSA. This integration seamlessly syncs payroll and financial data from RemotePass to Wafeq's accounting system in real-time,

by: Reuters

Deutsche Bank sees 2025 revenue gains at all four main businesses

Deutsche Bank on Thursday forecast increased revenue in 2025 at its investment bank and three other main business units.

by: Investopedia

S&P 500 Gains and Losses Today: Tech Stocks Bounce Back After Soft Inflation Data

The S&P 500 added 0.5% on Wednesday, March 12, after a key inflation report showed consumer prices increased at a slower-than-expected pace last month.

by: BusinessTech

SARS boost to hunt more taxpayers, and Post Office plan to block couriers

SARS taxpayer hunt boost: Following SARS commissioner Edward Kieswetter's argument that he needs more funding to collect more tax, the National Treasury has increased the size of the revenue service budget by R4 billion, bringing the total over the next three years to R7.5 billion. [ Business Day]

by: Moneycontrol

India's biggest lender SBI to set up AI, fintech project finance unit

SBI plans to complete the project within a year and will hire 'specialized professionals' to staff it, said Ashwini Kumar Tewari, a managing director at the bank.

by: KKTV

Small business advocate worried as SBA office set to relocate from Denver

Small Business Administration officials announced relocations for regional offices in multiple cities, including Denver.

by: Insider

Elon Musk must turn over records and answer questions on what he's doing at DOGE, judge orders

A federal judge ordered Elon Musk and the Department of Government Efficiency, or DOGE, to hand over documents and answer questions about their plans to trim federal agencies. US District Judge Tanya Chutkan said in her order on Wednesday that Musk and DOGE have to comply with the discovery request in three weeks.

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.

The article from MSN discusses the concerns of U.S. importers and retailers of European Union (EU) wines due to potential new tariffs. The U.S. is considering imposing retaliatory tariffs on EU products, including wines, in response to a long-standing dispute over aircraft subsidies involving Airbus and Boeing. These tariffs could significantly increase the cost of EU wines, potentially leading to business closures and layoffs within the U.S. wine industry. Industry representatives have warned that such measures would not only affect their businesses but could also disrupt the supply chain, increase prices for consumers, and reduce the variety of wines available in the U.S. market. They are urging the U.S. government to reconsider these tariffs to avoid economic harm to both American businesses and consumers.

Read the Full Reuters Article at:
https://www.msn.com/en-ca/money/topstories/us-importers-and-retailers-of-eu-wine-warn-of-closures-layoffs-from-tariffs/ar-AA1ARPfy