• Wed, March 19, 2025

by: SHINE

Shanghai tech firms ride AI wave to revenue growth, global expansion

FinVolution's international business contributed 21.4 percent of its total revenue in the quarter. Powered by AI, it acquired 2.2 million new borrowers outside of China, with a 61 percent year-on-year increase.

by: briefly

List of all colleges in Cape Town in 2025: Choose the best college

This list of all colleges in Cape Town will help you if you are looking for the best colleges to pursue your desired course. Choose your perfect fit.

by: MoneyWeek

Are you paying too much for your stocks and shares ISA?

Analysis by new ISA market entrant Lightyear claims stocks and shares ISA holders are paying more than £800 million extra in "unnecessary account fees," when only holding stocks and ETFs, which can eat into their returns.

by: Cryptopolitan

EOS Network is rebranding to Vaulta, token swap planned for May 2025

by: Moneycontrol

India's energy efficiency improved faster between 2000 and 2023, than BRICS and global average: RBI study

Although energy efficiency lagged developed markets, like the US and Germany, which witnessed an over 2 percent rise during this period, India was far ahead of its BRICS peers (1.62 percent)

by: IOL

Public comment invited on R100bn draft Transformation Fund for black-owned businesses

Minister Parks Tau has unveiled the R100 billion Draft Transformation Fund aimed at empowering black-owned businesses, now open for public comment until May 7

by: CNBC

Federal Reserve holds interest rates steady: What that means for mortgages, credit cards and more

The Federal Reserve held interest rates steady at the end of its two-day meeting on March 19. Although the central bank is on the sidelines, for now, some consumer loan rates are starting to ease, giving households a little breathing room.

by: Bloomberg

Elon Musk's X Raises Almost $1 Billion in New Equity Funding

Elon Musk's social network X has raised close to $1 billion in new equity from investors in a deal that values the company at roughly $32 billion, according to people with knowledge of the matter — a valuation in line with when Musk took it private in 2022.

by: WYTV

'An amazing culture': Business wins distinguished award

A locally owned and operated home improvement franchise is being recognized once again for its sales, service and volume.

by: MarketWatch

Discount retailer Ollie's adds Big Lots stores, and a jewelry seller retreats from malls

Retailers have responded to a long period of inflation with a renewed emphasis on value over less essential products.

by: GOBankingRates

Credit Counseling Explained: How It Works and When To Use It

What is credit counseling? Learn how it provides guidance on debt repayment, budgeting and financial planning. See if it's the right choice for you.

by: Fortune

Trump's tariffs and policies are putting America's economy at risk: Consumer Technology Association CEO

Higher tariffs are already creating "cost shocks" for businesses, which for many will be passed on to consumers.

by: Kiplinger

The SSA Is Changing How You Apply for Benefits and Update Your Direct Deposit Information: Here's What You Need to Know

The SSA is transitioning to stronger identity verification procedures for both new benefit claims and direct deposit changes.

by: Newsweek

Bridging Eastern and Western Values To Evolve Web3

Web3 doesn't belong to any one country or region. To succeed, it must adopt the best practices and mindsets from around the world. Different approaches don't need to be in conflict. In fact, their integration can drive the next wave of innovation.

by: AOL

Nvidia's Huang isn't shying away from DeepSeek, says AI needs 100x more computing power

CEO Jensen Huang isn't sounding the alarm over the introduction of AI models like China's inexpensively trained DeepSeek R1. Instead, the chip executive said the world needs far more computing power to handle so-called reasoning and agentic AI applications than previously anticipated.

by: CNET

Fed Pauses Interest Rate Cuts. Where Do Mortgage Rates Go From Here?

The Fed's pause could keep mortgage interest rates — which are sensitive to fiscal policy and economic growth — higher for longer. If you're in the market for a new home, average mortgage rates are projected to stay above 6% for a while.

by: Investopedia

S&P 500 Gains and Losses Today: Boeing Surges on Several Positive Signals

The S&P 500 added 1.1% on Wednesday, March 19, 2025, as the Fed held interest rates steady, reaffirming plans for future cuts but expressing caution on inflation and growth.

by: WJCL

Secretary Raffensperger says Pooler's growth comes from small businesses

Raffensperger added that small businesses have a positive impact on the way the city of Pooler is run. "Everything that really happens good in your

by: Reuters

Pottery Barn owner Williams-Sonoma warns of 2025 margin impact from tariffs, shares fall

Pottery Barn parent Williams-Sonoma warned on Wednesday the Trump administration's tariffs on China, Canada and Mexico as well as on steel and aluminum would weigh on its fiscal 2025 margin, sending its shares down 5.

by: Insider

SoftBank is buying Ampere Computing for $6.5 billion

SoftBank said it was buying Ampere Computing, a Silicon Valley chip design startup, for $6.5 billion in cash.

by: Zawya

Gulf Bank appoints Bader Al-Ali as General Manager of Consumer Banking and Faisal Al-Gharabally as General Manager of International Banking

This step aligns with the Bank's ongoing efforts to empower national talent and promote them to leadership positions

by: Insider

Why one analyst and Nvidia skeptic says the chipmaker might not grow at all next year

If Nvidia's largest customers start to pull away next year, the stock could plunge as much as 48% in the most bearish scenario, one analyst says.

by: Reuters

Vitol snaps up West Africa assets from Eni, strengthening upstream presence

Vitol will buy stakes in West African oil and gas assets from Italy's Eni , bolstering the global commodity trading house's position in the upstream sector, as it seeks to reinvest the huge profits it has been generating since 2022.

by: AOL

Fed sees two rate cuts in 2025, projects higher inflation and lower economic growth

The Federal Reserve maintained its previously expected pace of rate cuts, but signaled higher inflation and a slowdown in economic growth for 2025.

by: Cryptopolitan

Gibraltar-based bank introduces Bitcoin-backed loans, offering up to $1M in crypto credit

by: GOBankingRates

3 Boring But Lucrative Side Businesses for Retirees

Retirement: a period of relaxation, enjoyment and rest. It should be a time to enjoy life to the fullest and not a time to worry about your finances. Today, more Americans are retiring than

by: Reuters

Factbox-How hard have US agencies been hit by Trump and Musk's layoffs?

U.S. President Donald Trump and billionaire Elon Musk are undertaking a sweeping campaign to slash the size of the 2.3-million-strong civilian federal workforce, firing or offering buyouts so far to more than 100,

by: AOL

March Madness predictions: Cinderellas, upsets, Final Four picks and more for the NCAA men's and women's tournaments

The Madness is here. What can we expect? Our experts weigh in with their Cinderella picks, Final Four teams, title winners and more.

by: Insider

The relationship between Ben & Jerry's and its parent company just got stickier

In a new filing, Ben & Jerry's accused its parent company Unilever of ousting its chief executive and silencing its mission.

by: Insider

7 reasons one analyst says it's time to buy Tesla after its stock crash

Cantor analysts said their bullishness on Tesla crystallized after they visited the company's Gigafactory and AI data centers in Austin, Texas.

by: Reuters

Tencent joins China's AI spending race with 2025 capex boost

Chinese technology giant Tencent said on Wednesday it would boost capital expenditure in 2025, as it strengthens artificial intelligence development and infrastructure.

by: Reuters

Private credit-focused asset manager Liquidity gets up to $450 million in financing

Liquidity, an asset manager focused on private credit investments, said on Wednesday it had secured up to $450 million in a financing deal led by KeyBank .

by: Insider

IMG Travel Insurance Review 2025

IMG offers a vast array of travel insurance plans for all types of trips. Read our IMG travel insurance review to see if it's right for you in 2025.

by: Insider

2 reasons why Nvidia's Jensen Huang isn't worried

Nvidia CEO Jensen Huang pointed to powerful new chips and the company's role in a fast-growing area of AI as reasons for demand remaining high.

by: Reuters

Deutsche Bank plans 'significant' branch reduction and 2,000 fewer staff in 2025

Deutsche Bank will reduce branches by a "signficant" number this year and trim headcount of the retail bank by around 2,000 people in 2025, Chief Executive Officer Christian Sewing said on Wednesday.

by: Insider

Elon Musk's stake in Tesla is becoming a smaller and smaller slice of his fortune

The value gap between Elon Musk's holdings in SpaceX and Tesla stands at $43 billion following the slide in the EV maker's stock this year.

by: Insider

I'm a federal worker who commutes 15 hours a week after RTO. It's affected my marriage and social life.

A federal worker explained how Trump's RTO mandate has affected their life, including more time commuting and changes to how weekends are spent.
  • Thu, March 20, 2025

by: FXStreet

EOS rebrands to Vaulta: Here is what investors should know

EOS (EOS) announces its rebranding to Vaulta and its pivot toward Web3 banking. The change will introduce a banking advisory group composed of financial and blockchain experts. The planned token swap allows EOS holders to exchange their tokens at a 1:1 ratio and is expected to occur by May 2025, pending community approval.

by: CoinTelegraph

Pakistan eyes crypto legal framework to spur foreign investors

Pakistan plans pro-crypto regulations to lure global investors and position itself as a leader in blockchain-powered finance.

by: CNN

Fed leaves rates unchanged. But here are changes you can make to earn more on savings or pay less on debt

The Federal Reserve on Wednesday decided yet again to stand pat on interest rates. Despite the Fed's inaction, there are still opportunities to maximize the interest you earn on your savings or reduce what you pay on your debts.

by: CNET

Tariffs Explained: What They Mean for You Amid Rising Cost Fears

The rollout of President Donald Trump's tariffs was messy, uncertain and caused widespread market volatility, and a lot of folks are now getting anxious about big purchases.

by: Deadline

Media Stocks, Broader Markets Rebound As Fed Forecasts Two Interest Rate Cuts In 2025

Shares rose across the board, extending gains later in the session after the Federal Reserve weighed in at the close of its two-day March meeting and the news wasn't terrible.

by: WKYC

Cuyahoga County Executive Chris Ronayne calls Cleveland Browns' Brook Park domed stadium proposal 'a risky bet'

During his press conference, Cuyahoga County Executive Chris Ronayne referred to the Browns' $3.4B stadium plan in Brook Park as 'a risk the county shouldn't take.'

by: GlobalData

Saudi Arabia grants exploration licences to local and international mining companies

Saudi Arabia awarded exploration licenses for 4,788km2 within the mineral-rich regions of Jabal Sayid and Al-Hajjar to several companies.

by: Forbes

Reconsidering The MBA: Is It Still Worth It?

The skills taught in traditional business programs are increasingly seen as outdated, and employers are shifting their focus to creativity, adaptability and real-world experience.

by: Insider

Wait a minute. Has Elon Musk really turned Twitter around, after all?

Elon Musk scared away many advertisers after he bought Twitter in 2022, and the company's value plummeted. Now it has reportedly recovered.

by: Reuters

Nvidia, Musk's xAI to join Microsoft, BlackRock and MGX to develop AI infrastructure

Nvidia and Elon Musk's xAI have joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand AI infrastructure in the U.S., the companies said on Wednesday, as a global race to dominate the nascent technology intensifies.

by: Reuters

In the Market: How Trump is driving Asia to diversify away from US

President Donald Trump's tariffs and other policies have some financiers and officials in Asia predicting the remaking of the post-World War II economic order, leading to an urgent quest to diversify away from America.

Shanghai tech firms ride AI wave to revenue growth, global expansion

FinVolution's international business contributed 21.4 percent of its total revenue in the quarter. Powered by AI, it acquired 2.2 million new borrowers outside of China, with a 61 percent year-on-year increase.
The article from Shine.cn discusses the increasing trend of Chinese companies investing in and developing large language models (LLMs) similar to ChatGPT. It highlights that over 130 LLMs have been released in China, with companies like Baidu, Alibaba, and Tencent leading the charge. These models are being integrated into various applications, from search engines to enterprise solutions, aiming to enhance AI capabilities in understanding and generating human-like text. The article also touches on the regulatory environment, noting that while there are concerns about data security and misinformation, the Chinese government has been supportive of AI development, with new guidelines expected to encourage innovation while managing risks. This surge in AI development is seen as part of China's broader strategy to become a global leader in AI technology.

Read the Full SHINE Article at:
https://www.shine.cn/biz/tech/2503194547/

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