• Mon, March 17, 2025

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: 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: 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: BusinessTech

South Africa has no more money

The Centre for Development and Enterprise's executive director, Ann Bernstein, warned that South Africa has run out of money.

by: SiliconANGLE

Shadow AI: Companies struggle to control unsanctioned use of new tools

The multinational retail chain where Katie Smith worked in data analytics and finance for six years was so concerned ... chief information security officer at Stratascale, the business name of SHI International Corp. Organizations are pursuing a variety ...

by: Kiplinger

CoreWeave IPO: Should You Buy CRWV Stock?

The CoreWeave IPO will mark the biggest public offering of the year, with the AI cloud company expected to start trading on the Nasdaq in late March.

by: Investopedia

What Negative Return on Equity (ROE) Means to Investors

In the ROE formula, the numerator is net income or the bottom-line profits reported on a firm's income statement. The denominator is equity, or, more specifically, shareholders' equity. When net income is negative, ROE will also be negative.

by: MARCA

What to do if you receive a text message from the IRS about the $1,400 stimulus payment? It could be a scam

by: LAist

Checking in on Medi-Cal as state approves $3 billion loan and concerns of federal cuts loom

Today on AirTalk, California approved a $3 billion loan for Medi-Cal amidst looming federal cuts. Want to get paid to be politically engaged and hold your public officials accountable? A local initiative called "LA Documenters" will train and pay you to take notes at public meetings.

by: Narcity

CBSA is looking to hire for these jobs across Canada and you can make over $100,000

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: Dawn

No proposal to revise govt pay scales under consideration, clarifies finance ministry

Ministry statement says media reports claiming salaries would remain unchanged in next fiscal year "not based on reality".

by: SmartAsset

Ask an Advisor: I Need $3500 Per Month to Cover My Expenses. Should I Take Social Security or Tap My 401(k)?

I'm retired and receive a pension but I still need to supplement my monthly income. My choices are to claim Social Security or start withdrawing money from my 401(k). I'm 64 and have $200,000 in a 401(k).

by: Vanguard

Strategic cost management in a shifting global economic landscape

Balancing efficiency and innovation in uncertain times By Dayo Odunfa Introduction In today's complex and unpredictable economic environment, CFOs and senior finance leaders face unprecedented challenges.

by: CNET

Tariffs Explained: What They Mean for You and Your Everyday Costs

The rollout of President Donald Trump's tariffs was messy, uncertain and caused widespread market volatility, and eventually that noise is coming for your bottom line.

by: Forbes

Balancing AI Costs And Performance: Strategies For Running LLMs In Financial Services

By implementing strategies such as fine-tuning smaller models and real-time AI cost monitoring, financial institutions can maximize AI ROI without sacrificing performance

by: cnbctv18

Finance Ministry reveals director vacancies at public sector banks: Full list here

As of now, the position of Chairman of the State Bank of India and all the positions of Managing Director and Chief Executive Officer in nationalised banks are filled. It also made clear that there was no proposal under consideration to amalgamate the other public sector banks with SBI.

by: KHON2

Forever 21 files for bankruptcy and will close all US locations

Forever 21 has filed for bankruptcy for the second time in nearly six years and will begin winding down its U.S. operations, with all locations already beginning going-out-of-business sales.

by: Entrepreneur

Lack of Accountability Is the Silent Productivity Killer. Here's How to Stop It From Derailing Your Business.

Lack of accountability crushes productivity. You can put all the right systems, processes and KPIs in place, but if people aren't accountable for their assignments and objectives, none of this will matter.

by: Bloomberg

Trump's Crypto Project Has Raised $550 Million in Token Sales

World Liberty Financial, the crypto project promoted by President Donald Trump, has completed its second set of token sales and raised a total of $550 million in gross proceeds, according to a press release.

by: Reuters

Canada reviews fighter deal, says it relies on US too much for security

Canada is looking for possible alternatives to its deal to buy U.S. fighter jets in part because it relies too much on the United States for security, Prime Minister Mark Carney said on Monday.

by: Moneycontrol

Trade Spotlight: How should you trade Coal India, Kotak Mahindra Bank, Varun Beverages, Shriram Finance, JSW Steel, and others on March 18?

The benchmark indices bounced back with half a percent gains on March 17, making a good start to the week after the correction in the previous week. However, the market breadth remained in favour of the bears,

by: Bizcommunity

Mining services company secures dynamic capital funding from Edge Growth

Modwal Trading, a full-service mining, construction, transportation and logistics company based in the Northwest, has been selected for funding from small business development specialist Edge Growth.The team at Modwal TradingThis interest-bearing loan amounting to R1,

by: Variety

Netflix Shares Rise on Bullish Analyst Upgrade Citing Potential for Future U.S. Price Hikes, Outlook for Strong Ad Growth

Netflix got a vote of confidence from MoffettNathanson analysts, which upgraded estimates on potential U.S. price hikes and ad growth.

by: Insider

Robinhood is getting into prediction-betting markets just in time for March Madness

The investing app will offer a predictions market hub. Early offerings include bets on March Madness and the direction of interest rates.

by: Quartz

Forever 21, Hooters, and 7 other restaurant and retail chains going bankrupt right now

Coresight Research, a retail and technology data platform, predicts an escalation this year, with around 15,000 stores expected to shutdown. Among the notable closures are some major names like Hooters and Big Lots (BIG).

by: KHON2

Affordable housing bills still alive at Hawaii legislature

Scott Settle, managing principal at Settle Meyer joins producer/host Coralie Chun Matayoshi to discuss bills still alive in the legislature after first crossover, including subsidy reforms to make

by: AOL

What are the safest ways to send money internationally?

Wire transfers are the traditional go-to for international money transfers. They move funds directly from one bank account to another, usually via the SWIFT network, which is trusted worldwide. Banks also use strong security measures because they prioritize safety in money transfers, so you're typically in good hands.

by: Reuters

Moody's places IndusInd Bank's credit assessment on review for downgrade

Moody's Ratings said on Monday it has placed IndusInd Bank's baseline credit assessment (BCA) under review for downgrade due to concerns over "inadequate internal controls" after the lender found discrepancies in its derivative accounts.

by: Bloomberg

Hong Kong Billionaire Developer Lee Shau-Kee Dies at 97

Kee, the Hong Kong billionaire known as "Asia's Warren Buffett" and whose business empire included real estate, utilities and public infrastructure, has died. He was 97.

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: 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: Reuters

UK finance minister Reeves to unveil action plan to cut over-regulation

British finance minister Rachel Reeves will meet financial, environmental and health regulators on Monday to unveil an "action plan" to cut red tape by reducing the number of bodies overseeing sectors seen as crucial to boosting economic growth.

by: AOL

Elon Musk and Sam Altman finally agree on something: When their courtroom showdown should start

Elon Musk and Sam Altman have suggested to a judge that a trial to settle their differences over the future of ChatGPT creator OpenAI should begin in December.

by: Insider

An AI imaging firm says Johnson & Johnson stole its tech. Testimony began Monday.

First witness testifies in NYC trial over a small AI company's claim that Johnson & Johnson stole its surgical robotics tech.

by: Insider

3 things to do now if recession jitters have you questioning your retirement plans

Recession fears have some worried, but financial advisors and economists said older Americans shouldn't make major changes to retirement accounts.

by: Reuters

ESG Watch: New SEC rules under Trump turn up the heat for sustainable investors

The targets of President Donald Trump's attacks are many and various, but one area to which he has been consistently hostile is ESG, the environmental, social and governance risks that have become increasingly important to investors in recent years.

by: Reuters

Explainer: What's next for South Africa's budget and planned VAT hike?

South Africa's lawmakers will scrutinise the 2025 budget in the coming weeks, with amendments not ruled out as political parties weigh up a contentious plan to raise value-added tax.

by: Insider

FreeTaxUSA Review 2025

Read our in-depth FreeTaxUSA review to discover its features, pricing, ease of use, and customer support. Find out if FreeTaxUSA is the right tax software for your needs in 2025.

by: Reuters

Policy Watch: Tough road ahead for nature, despite 'historic' conservation pact

There were tears of joy in Rome last month as negotiators reconvened to pick up where COP16 biodiversity talks left off last November. In what was described as a win for multilateralism, they agreed a strategy to mobilise $200 billion annual funding for developing nations by 2030 and beyond,

by: Reuters

Israeli war spending in Gaza, Lebanon tops $30 billion in 2024 -Finance Ministry

Israel spent 112 billion shekels ($31 billion) on its military conflicts in Gaza and Lebanon in 2024, the Finance Ministry said in a report on Monday.

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.

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.
The article from Reuters discusses the performance and governance issues at Tesla under Elon Musk's leadership, focusing on the role of Robyn Denholm, who was handpicked by Musk to chair Tesla's board. Despite Tesla's stock plummeting by 32% in 2024, Denholm has seen her compensation increase significantly, with her pay package now valued at $280 million, largely due to stock options. The piece highlights the lack of independence in Tesla's board, with Denholm's close ties to Musk raising questions about oversight and accountability. It also notes that while Tesla faces numerous challenges including production delays, quality issues, and regulatory scrutiny, Denholm has not been proactive in addressing these concerns, instead focusing on her financial gains from her position. The article suggests that this situation exemplifies broader governance problems at Tesla, where the board's alignment with Musk's interests might be at the expense of shareholder value and corporate governance standards.

Read the Full Reuters Article at:
https://www.reuters.com/investigations/tesla-tanks-musks-hand-picked-board-chair-is-doing-just-fine-2025-03-17/

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