• Sun, March 16, 2025

by: Econostrum

Popular Drugstore Chain to Close 270 Locations as Retail Struggles Continue

The retail industry has faced relentless challenges over the past few years, and even major drugstore chains are not immune to the shifting landscape. As reported byThe Street, CVS has announced plans to close 270 underperforming stores this year as part of a larger strategic realignment.

by: GhanaWeb

LIVESTREAMING: Day 2 of Parliament's 2025 post-budget workshop

The Parliament of Ghana is currently holding the 2025 Post-Budget Workshop for Members of Parliament. The exercise brings together Honorable Members of Parliament to delve into the intricacies of the national budget,

by: KARK

How to shop amid tariff uncertainty

Here's how to adjust your shopping habits in an era of tariffs: "You need a budget more than ever," says Andrea Woroch, a money saving expert who shares budgeting tips on her website, andreaworoch.com. A budget, she says, gives you more control over how you're spending to help counteract the uncertainty over the impact of tariffs.

by: CNBC

Treasury Secretary Bessent says White House is heading off a 'guaranteed' financial crisis

Bessent believes market pullbacks are benign, and Trump's pro-business policies will boost the economy in the long run.

by: GOBankingRates

10 Things You Should Never Buy With a Credit Card

Building credit and racking up credit card rewards can be great for your finances, but putting certain items on your credit card can lead to big fees and higher interest rates which cancel out

by: MiBolsilloColombia

Savings with annual payments: how to reduce expenses on memberships and insurance

Discover how switching to annual payments can significantly reduce your expenses on memberships and insurance. Learn effective negotiation tactics and strategies to manage your cash flow while enjoying substantial savings.

by: Vanguard

UBA, ICAN partner to drive innovation in finance, accounting

United Bank for Africa, UBA Plc, weekend, hosted the 60th president of the Institute of Chartered Accountants of Nigeria, ICAN, Chief Davidson C. S. Alaribe, in a meeting to foster collaboration and innovation between both institutions.

by: techUK

techUK Scale-Up Action Plan

techUK stands behind the Government's mission to grow the economy across all regions of the UK. To support delivery on this, our Scale-Up Action Plan brings together key recommendations to better support scale-ups and SMEs looking to scale to reach the later scale-up stage, expanding to new markets and generating greater economic spillovers.

by: BBC

Lyse Doucet: Symbols and substance in Canadian leader's first foreign visits

Carney says he "looks forward" to speaking with President Trump. But the fact it will be a call, not a visit, is a measure of this moment. Traditionally, the first foreign visit of a Canadian leader is to the US - its closest neighbour and most trusted partner.

by: Mint

Investing in China: The how and why of it

Even as Indian stock markets go through a rough patch, Chinese equities have rebounded after lagging for around a decade. Global investors are looking to ride this rally.

by: Insider

Elon Musk's DOGE is overhauling the federal government, cutting spending, and drawing backlash. Here's what to know.

DOGE is Elon Musk's ambitious effort to reform the federal government. Here's how the Department of Government Efficiency is upending Washington, DC.

by: Reuters

Volkswagen, FAW venture to launch 11 new models tailored for China from 2026

The joint venture of Volkswagen and FAW Group (SASACJ.UL) said on Monday it will launch 11 new Volkswagen and Jetta branded models tailored for the China market from 2026.

by: Wamda

Beyond the hype, what actually happened in Web Summit Qatar: Pt.1

An overview of key trends, investment climate, and real opportunities for regional startups from the floor of Web Summit Qatar 2025.

by: MyChesCo

FTC Secures $337.3 Million for Consumers Cheated by Unlawful Practices in 2024!

The Federal Trade Commission (FTC) has released its 2024 Annual Report on Refunds to Consumers, showcasing $337.3 million refunded to individuals affected by a range of unlawful

by: Moneycontrol

Stock Market LIVE Updates: GIFT Nifty suggests a firm opening; US, Asian markets gain

US stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump's escalating trade war fueled recession fears and doused risk appetite.

by: CNN

With the CFPB weakened, could risky lending make a comeback?

The Consumer Financial Protection Bureau, the banking watchdog created after the subprime mortgage meltdown and the 2008 global financial crisis, has been thrown into chaos as the Trump administration works to drastically remodel its operations.

by: Fortune

Rheinmetall's stock has soared over 1,000%, and the German defense giant sees growth 'that we have never experienced before'

In recent years, the European leader in munition production invested nearly €8 billion in new manufacturing facilities, acquisitions, and supply-chain security. In January, Rheinmetall announced it acquired a majority share in a Bavarian software developer that specializes in digitizing warfare.

by: Insider

'I thought I was going to be someone': how Gen Z became a generation of rejects

Whether it's LinkedIn or Tinder, Gen Zers are constantly being told "no." It's sending their anxiety and loneliness into overdrive.

by: Moneycontrol

Prevent social media harassment with these 10 social media tips shared by the government of India

In today's digital world, social media plays a crucial role in communication and networking. However, it also exposes users to potential risks, including harassment and cyber threats. Simply deleting accounts or cutting off online interactions may not be enough to ensure safety.

by: Reuters

National Australia Bank says Nathan Goonan resigns as group CFO

National Australia Bank on Monday said Nathan Goonan has resigned as group chief financial officer amid other senior executive changes.

by: CNBC

How to spot phony $1,400 IRS stimulus payment offers and protect your data

The Better Business Bureau warns about phishing attempts in which scammers use the promise of automatic payments for $1,400 stimulus checks as a lure to steal sensitive data. While the stimulus checks are legitimate — check your eligibility here — the IRS is not texting taxpayers about them.

by: Fortune

Families are being paid $5,000 to move to small towns in states like Indiana and escape a cost of living crisis in big cities

Many Americans are sick of where they live. Rising housing costs, struggling education and healthcare systems, and dreams of better infrastructure are driving families to reconsider where they call home—and it's music to the ears of small towns vying for a comeback.

by: Reuters

Turkish competition board opens probe of video service providers

The Turkish Competition Board said on Sunday it has opened an investigation into subscription-based, on-demand video service providers, including Netflix , Disney and Amazon .

by: Insider

Treasury Secretary Scott Bessent says he can't rule out the possibility of a recession

Treasury Secretary Scott Bessent said on Sunday there are 'no guarantees' there won't be a recession, but expressed confidence in the stock market.

by: Insider

The dot-com bubble popped 25 years ago. Here's what market pros say they learned.

"Just because asset prices go up doesn't mean it's a bubble," BMO's Brian Belski told Business Insider.
  • Mon, March 17, 2025

by: GhanaWeb

LIVESTREAMED: Day 2 of Parliament's 2025 post-budget workshop

The Parliament of Ghana is currently holding the 2025 Post-Budget Workshop for Members of Parliament. The exercise brings together Honorable Members of Parliament to delve into the intricacies of the national budget,

by: Moneyweb

eThekwini allocates R10bn to rebuild municipal infrastructure

Thekwini Municipality has earmarked approximately R10 billion to restore its water, electricity, and solid waste management infrastructure, aiming to enhance service delivery and ensure long-term sustainability.

by: ProPakistani

Govt May Present Next Year's Budget Earlier Than Usual

The federal government is likely to present the next fiscal year (FY26) budget in parliament in May 2025 and relevant departments including the Ministry

by: Astrofame

Sagittarius: Your finance horoscope - March 17

Now Available as a Free Gift to You

by: cnbctv18

NBFID secures ?20,000 crore equity support, ?5,000 crore grant from government

NBFID has established separate teams within its Credit Administration - Operations & Monitoring Department to oversee project loan disbursements and execution.

by: Forbes

Hong Kong Real Estate Billionaire Lee Shau Kee, Once Asia's Richest Person, Dies At 97

Lee Shau Kee was among the first generation of entrepreneurs in Hong Kong who started making a fortune from property development between the 60s and 70s.

by: BusinessTech

Parliament hacked, and Fitch ratings warning for South Africa

Parliament gets hacked: Parliament's digital team is investigating a hacking incident involving their YouTube and X accounts. On Saturday, a post falsely claiming the president endorsed a cryptocurrency token was uploaded to their X account, linking to their YouTube channel and using hashtags like Solana and crypto. [ EWN]

by: Moneycontrol

Laid-off employees of US-based edtech firm Focus Edumatics file complaint with Karnataka Labour Commissioner

On February 12, the company received a notice from the Karnataka labour department on the matter, a day after former employees filed the complaint.

by: Moneycontrol

Shriram Finance Consolidated December 2024 Net Sales at Rs 10,698.31 crore, up 15.03% Y-o-Y

Quarterly Net Profit at Rs. 3,246.85 crore in December 2024 up 73.98% from Rs. 1,866.24 crore in December 2023. EBITDA stands at Rs. 7,672.33 crore in December 2024 up 17% from Rs. 6,557.42 crore in December 2023.

by: BusinessTech

Parliament hacked, and Fitch ratings debt warning for South Africa

Parliament gets hacked: Parliament's digital team is investigating a hacking incident involving their YouTube and X accounts. On Saturday, a post falsely claiming the president endorsed a cryptocurrency token was uploaded to their X account, linking to their YouTube channel and using hashtags like Solana and crypto. [ EWN]

by: Forbes

Workforce Optimization: A Critical Path To EBITDA Growth

Simply put, workforce efficiency is one of the most significant levers for profitability, yet many companies fail to integrate it into their financial strategy.

by: AOL

TKer: One of the most misunderstood moments in stock market cycles

Because the stock market is so heavily dependent on expectations for the future, we inevitably get moments when stock market behavior appears to conflict with information about the present.

by: Moneycontrol

Emerald Finance Consolidated December 2024 Net Sales at Rs 5.72 crore, up 67.52% Y-o-Y

Net Sales at Rs 5.72 crore in December 2024 up 67.52% from Rs. 3.42 crore in December 2023. Quarterly Net Profit at Rs. 2.48 crore in December 2024 up 105.38% from Rs. 1.21 crore in December 2023. EBITDA stands at Rs. 4.09 crore in December 2024 up 99.51% from Rs. 2.05 crore in December 2023.

by: Moneycontrol

Correction forced mid and smallcap funds to rejig top stock holdings in February

Mutual funds increased their stake in 453 stocks in the smallcap space in February, while decreasing holding in around 300 stocks. In the midcap universe, more than 90 stocks saw an increase in the stake held by MFs while nearly 60 saw funds trim their holdings.

by: AOL

Better Artificial Intelligence (AI) Stock: Palantir Technologies vs. Microsoft

These AI-powered enterprise software giants saw pullbacks in their stock prices, but only one is worth buying right now.

by: Reuters

Commodity-linked stocks lift FTSE 100, QinetiQ weighs on mid-cap index

UK's blue-chip FTSE 100 index edged up on Monday, helped by energy and metal miners, while investors geared up for a slew of central bank decisions this week, including from the Bank of England.

by: Reuters

UBS's auditor issues warning over bank's financial reporting controls for 2024

UBS's auditors have expressed an "adverse opinion" on the bank's internal controls over its financial reporting for 2024, after it failed to resolve issues related to misstatements inherited from Credit Suisse,

by: Reuters

Israel awards natural gas exploration licences to BP, Socar and NewMed

Israel awarded licences to BP , Azeri national oil firm Socar and local company NewMed Energy on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.

by: Reuters

Japan's Nomura ties up with regional bank Hyakujushi to boost wealth business

TOKYO] Nomura Holdings, Japan's largest securities firm, said on Monday (Mar 17) it has partnered with regional lender Hyakujushi Bank to boost its wealth management services. Read more at The Business Times.

by: Reuters

Defence firm QinetiQ warns of delays in UK, US contracts being awarded

British defence and security company QinetiQ on Monday warned of delays in short-term contracts being awarded in the U.S. and UK, where new policies are being implemented after recent changes in government.

by: Reuters

As Tesla tanks, Musk's hand-picked board chair is doing just fine

Elon Musk's EV company is struggling as he plunges into politics. Robyn Denholm, the Australian chair of Tesla, is thriving after cashing in half a billion dollars of the stock. Investors are clamoring for her to rein in the world's richest man - but some question whether she has the independence to do so.

by: Reuters

Kenya and IMF agree to start formal talks on new lending programme

Kenya and the International Monetary Fund will discuss a new lending programme for the East African nation, as both sides agreed to abandon a ninth review of the current $3.6 billion loan.

by: Reuters

Airbus and others call for sovereign infrastructure fund, buy European

Airbus , Dassault Systemes and more than 90 smaller European technology companies and lobby groups have urged European Commission President Ursula von der Leyen to create a sovereign infrastructure fund to ramp up public investments in cutting-edge technologies.

Popular Drugstore Chain to Close 270 Locations as Retail Struggles Continue

The retail industry has faced relentless challenges over the past few years, and even major drugstore chains are not immune to the shifting landscape. As reported byThe Street, CVS has announced plans to close 270 underperforming stores this year as part of a larger strategic realignment.
The article from MSN discusses the ongoing struggles within the retail sector, focusing on the decision by Rite Aid, a popular drugstore chain, to close 270 of its locations. This move is part of a broader trend where retail companies are grappling with financial difficulties due to shifts in consumer behavior, increased competition from online platforms, and economic pressures. The closures are aimed at reducing costs and restructuring the business to adapt to the changing retail landscape. The article highlights how these closures reflect the broader challenges faced by brick-and-mortar stores, including declining foot traffic, the rise of e-commerce, and the need for retailers to innovate or face further downsizing.

Read the Full Econostrum Article at:
https://www.msn.com/en-us/money/companies/popular-drugstore-chain-to-close-270-locations-nretail-struggles-continue/ar-AA1AZyse

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