Mon, March 17, 2025

by: CNN

Forever 21 is going out of business in the United States

A Forever 21 store in New York seen in February 2025. - Yuki Iwamura/Bloomberg/. Forever 21 isn't even cool enough to exist anymore. The retailer's US operating co

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: Astrofame

Sagittarius: Your finance horoscope - March 17

Now Available as a Free Gift to You

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: 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

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: 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: 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.

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: 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: 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.
Sun, March 16, 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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

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: 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: 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: Forbes

The Power Of Progress: A Simple Exercise To Maintain Financial Momentum In Uncertain Times

Regardless of the markets' machinations, we can absolutely continue to make progress in our financial plan beyond our portfolio. This exercise from Daniel Pink shows how.

by: BusinessTech

How much the rand should be worth

Efficient Group chief economist Dawie Roodt revealed the rand's fair value compared to where it is trading now.

by: Bloomberg

ECB's Villeroy Says US Crypto Support Sows Seeds of Future Shock

European Central Bank Governing Council member Francois Villeroy de Galhau said the US risks bringing about the next financial emergency through its support of cryptocurrencies and non-bank finance.

by: Insider

From college to dating, no one in history has been rejected more than Gen Z

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

by: 7NEWS

Watch ausbiz live stream: The latest Australian business and finance news

Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups. ausbiz is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets ...

by: Moneycontrol

Uber in early talks to acquire EV ride-hailing firm BluSmart

Ride-hailing giant Uber is in the early stages of talks to acquire BluSmart, an electric vehicle-based cab service company, as its parent company, Gensol Engineering, is looking to exit the capital-intensive business,

by: GhanaWeb

SIGA Director-General to ensure CEOs comply with Assets Declaration Law - President

President John Dramani Mahama has directed the Director-General of the State Interests and Governance Authority (SIGA) to ensure that all Chief Executive Officers (CEOs) of State-Owned Enterprises (SOEs) comply with the Assets Declaration Law.

by: Investopedia

How Worried Should You Actually Be About a Recession?

Recession fears reignited this week as a stock market sell-off put the S&P 500 into a technical correction. However, many economists and analysts feel that a full blown recession is still unlikely.

by: Invezz

Analyst says Cardano (ADA) price will see 500% rally to $4 and Mutuum Finance (MUTM) will move 22,220% to $5

Cardano (ADA) has entered a critical phase as analysts project a potential 500% surge to $4, fueled by bullish technical patterns and heightened whale activity. Meanwhile, Mutuum Finance (MUTM), a decentralized lending platform,
Sat, March 15, 2025

by: Forbes

Meet America's Only BJCP Grand Master And Master Cicerone

There are two beer credentials that are the most widely recognized: the Beer Judge Certification Program (BJCP) and the Certified Cicerone Program.

by: MLive

See photos and video from JD Vance's visit to Bay County manufacturer

Vice President JD Vance made his first stop back in Michigan after President Donald Trump's campaign took office in January. Vance, who was accompanied by Second Lady Usha Vance, delivered a 25-minute speech to employees at Vantage Plastics,

by: Fortune

U.S. crypto czar's $200 million portfolio held Bitcoin, Coinbase, and Robinhood

The AI and crypto czar divested a substantial portfolio of crypto holdings before he entered the White House, according to a memo.

by: Euronews

Why is the global rubber market likely to see shortages in 2025?

Euronews Business looks at the factors impacting the rubber market this year, while also exploring how sustainable farming practices like agroforestry may impact the rubber industry.

by: TechRadar

Quickbooks vs Xero: which is the best for your business?

QuickBooks and Xero - and both platforms provide a wide range of tools designed to simplify financial operations but are tailored to different business needs and preferences. This article compares QuickBooks and Xero,

by: Moneyweb

Three strategies for a 'scare' market

The Finance Ghost is a chartered accountant and ex-investment banker who is deeply passionate about markets and business in general and about helping people understand them. He combines his entrepreneurial and corporate experience by writing extensively for South African publications and producing various podcasts.

by: Week99er

Remittix's Crypto Presale Breaks $13.8 Million, Ready to Propel the Bull Run with XRP and Cardano

The XRP price predictions have taken center stage as Ripple's native token continues to gain momentum amidst a broader cryptocurrency market rally. The price increase observed with XRP is as a result of positive expectations from Ripple's SEC conflict together with the expanding cross-border payment functions of the network.

by: abc27

What's a card skimmer and how is it stealing people's SNAP benefits

People are continuing to see answers after some Pennsylvanians say their SNAP benefit funds were stolen. The main culprit? A device known as a card skimmer is thought to be behind the fraud. One of the major problems with the situation right now,

by: Reuters

Berkshire Hathaway director Olson to step down, Buffett opposes shareholder proposals

Berkshire Hathaway said on Friday longtime Director Ronald Olson will be leaving its board because of a policy change requiring directors, except for Warren Buffett, to step down after turning 80. In a proxy statement for its May 3 annual meeting in Omaha,

by: Tuko

Kenya's Smallholder Farmers Receive Boost after Avenews Launched KSh 2.5b Financing Programme

The company which started in 2017 has been transforming the agricultural supply chain in Kenya through tailored and innovative financing products.

by: BBC

Jersey finance head wins Woman of the Year award

A finance professional from Jersey has won a Woman of the Year award at a business awards ceremony in London. Kay McCarthy, head of the The International Stock Exchange's (TISE) Jersey office, won a silver award at this year's Citywealth Powerwomen Awards.

by: Insider

A veteran Tesla engineering manager has joined DOGE, and he's set to attend a NASA layoffs meeting

Alexander Simonpour is at least the fourth Tesla employee to be connected with the White House's headcount-slashing initiative.

by: MarketWatch

If I have a Social Security problem, am I out of luck now that staff and services are being cut?

Dear Fix My Portfolio, I n my Social Security record, I'm missing two years of income because my employer never paid into the system. I have zero income for those years. How do

by: CNBC

Trump's Canadian tariffs are having a chilling effect on Vermont's small business owners

The Green Mountain State's small businesses are getting caught in the tariff crossfire between the United States and Canada.

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.

The article from CNN, published on March 16, 2025, discusses the Consumer Financial Protection Bureau's (CFPB) new regulations aimed at preventing another housing crisis similar to the one in 2008. The CFPB has introduced stricter guidelines for subprime mortgages, focusing on ensuring that borrowers can afford their loans and that lenders adhere to more rigorous underwriting standards. These measures include capping debt-to-income ratios, requiring more comprehensive credit checks, and mandating clearer disclosure of loan terms to borrowers. The initiative comes in response to rising concerns about the potential for another housing bubble, driven by recent increases in subprime lending. The CFPB's actions are intended to protect consumers from predatory lending practices and to stabilize the housing market by reducing the risk of widespread defaults.

Read the Full CNN Article at:
https://www.cnn.com/2025/03/16/economy/cfpb-subprime-mortgage-housing-crisis/index.html