• Thu, March 20, 2025

by: jacobin

Bernie Is Right: 60% of Americans Live Paycheck to Paycheck

Bernie Sanders says it over and over again: 60% of Americans live paycheck to paycheck. But Matt Darling of the Niskanen Center swears it's not true and Dylan Matthews of Vox calls it a damned lie. Even Matt Yglesias is apparently on the case,

by: Investopedia

S&P 500 Gains and Losses Today: Accenture, Gartner Stocks Pressured by Government Spending Cuts

The S&P 500 slipped 0.2% on Thursday, March 20, 2025, reversing a portion of the previous day's uptick as investors further digested the Fed's latest rate announcement.

by: MSNBC

Trump's FTC firings make clear where his real loyalties lie

The FTC has five members, three from the president's political party and two from the opposition. It's not as though the two jettisoned commissioners controlled the FTC — they represented the minority Democratic Party.

by: MoneyWeek

Find tomorrow's Asian giants while they are still smaller companies

Surya Pertiwi (Jakarta: SPTO) is the leading distributor and manufacturer of sanitary ware in Indonesia, with more than 3,000 dealers in its network. It is the exclusive distributor in Indonesia for the Japanese brand TOTO. The company has a 65%-70% domestic market share in sanitary ware and a 40%-50% share in sanitary fittings.

by: Fortune

A mother suing Google and a chatbot site over her son's suicide found AI versions of her late son on the site

A mother who is suing both Google and Character.ai over her 14-year-old son's death has discovered AI chatbots based on her late son are being hosted on the platform.

by: Week99er

Industry Leaders: Top 10 Entrepreneurs Making an Impact in 2025

Innovation, resilience, and vision define the entrepreneurs shaping the business world today. These trailblazers are not only driving growth in their industries but also redefining what it means to be a leader in an ever-changing global market.

by: Insider

Stock of the Day: Temu parent PDD falls 5% as revenue misses estimates and growth slows

The parent company behind Temu disappointed investors with revenue that missed estimates, as consumer activity in China remains sluggish.

by: WSAW

Owners & employees react to Great Dane Pub and Brewing closing in Wausau

The Great Dane Pub and Brewing Company has confirmed the Wausau location will close. Eliot Butler, President and co-founder issued a statement Thursday. It reads: It's with a heavy heart that The Great Dane Pub & Brewing Company will be ending operations at our Wausau location.

by: Reuters

US slaps Iran-related sanctions on oil tankers, China 'teapot' refinery

The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.

by: Forbes

Encore Careers In Retirement: A Path To Purpose And Fulfillment

Retirement may be the perfect time to try an encore career and see how something entirely new fits ... [+] your lifestyle. getty. In his book "Drive," Daniel Pink introduces a

by: CNBC

Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence

In a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in the fiscal fourth quarter, which is set to end in May, to be at the "low end"

by: TipRanks

Tianjin Lisheng Pharmaceutical Reports 2024 Financial Results and Dividend Proposal

Tianjin Development Holdings ( ($HK:0882) ) has shared an update. Tianjin Development Holdings Limited announced the audited financial results for

by: CNBC

Trump signs order to increase critical mineral production in the U.S.

President Trump signed an executive order to increase production of critical minerals, including uranium, copper, potash, gold and possibly coal. The order directs federal agencies to expedite the review of mineral projects and prioritize mineral production over other projects on federal lands.

by: Reuters

China's restaurants race to the bottom in deflation-hit economy

In a dilapidated warehouse on the outskirts of the Chinese capital, businessman An Dawei inspected rows of giant fridges, industrial hobs and commercial bread ovens waiting to be resold to dining establishments.

by: Forbes

Trump's Presidency And Student Loans: Today's Education Department Announcement Explained

A Trump executive order is attempting to dismantle the Education Department and rolling back some student loan forgiveness.

by: Fortune

Mistral AI CEO denies IPO plans, touts renewed focus on open source to best deeper-pocketed competitors

Mistral AI CEO Arthur Mensch shuts down IPO rumors, reaffirming the startup's commitment to open-source AI as it scales up to compete with China's DeepSeek and global AI giants

by: CNBC

Abu Dhabi's ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers

The UAE has worked to strengthen ties with the U.S. on AI, and is seeking greater access to American technology in order to build its own infrastructure.

by: Reuters

Ireland faces disproportionate hit from tit-for-tat Trump tariffs, study says

Ireland's domestic economy could be up to 1.8% smaller than it otherwise would be by 2032 if permanent 'tit-for-tat' tariffs are introduced between the United States and European Union, a study co-authored by the finance ministry showed on Friday.

by: Reuters

BRICS, planes and beef in spotlight as Brazil's Lula visits Vietnam, sources say

Brazil's President Luiz Inacio Lula da Silva will visit Vietnam next week, bringing with him a business delegation including executives from planemaker Embraer and food giant JBS that are both in talks for possible deals in the Southeast Asian country,

by: Reuters

Brazil sees prolonged US tariff talks, minister says, linking ethanol and sugar

Brazilian Finance Minister Fernando Haddad said on Thursday his government expects lengthy tariff negotiations with the United States, and suggested they would include trade discussions involving sugar and ethanol.
  • Fri, March 21, 2025

by: Tuko

Time for Govt to Introduce Credit/debit Cards, Curb Excess Travel and Other Expenditures

Kenya loses millions of shillings through exaggerated claims, double payments, and outright ghost expenditures linked to per diems and travel allowances.

by: CoinTelegraph

Eric Trump joins Metaplanet's strategic board of advisers

Bitcoin-stacking firm Metaplanet has appointed US President Donald Trump's son Eric to its newly established strategic board of advisers to further Metaplanet's mission to become a "global leader in the Bitcoin economy.

by: Kiplinger

Is Your Cryptocurrency Safe? How to Shield Digital Assets

Creditors, hackers and frivolous lawsuit filers could be coming for your cryptocurrencies. These essential estate planning and asset protection strategies could help.

by: WTOP

Fuddruckers makes its Chinatown return thanks to a local entrepreneur

Fuddruckers, the burger chain that almost went out of business during the pandemic, made its return to D.C.'s Chinatown this week.

by: MoneyWeek

How to protect your pension from the chancellor's inheritance tax changes

Pension savings will form part of inheritance tax calculations from 2027 and many retirees are already taking steps to avoid charges now

by: Mint

Is pre-closing your personal loan a smart move? Pros and cons explained

Pre-closing a personal loan can save interest and improve credit scores, but it may involve pre-closure charges, liquidity issues, and opportunity costs. New RBI guidelines on floating-rate loan prepayment charges may offer relief going ahead.

by: Cryptopolitan

Maker RWA, BlackRock BUIDL, Ethena USDtb, and Ondo Finance TVL surpasses $4 billion

by: Fortune

DOGE's plans for social security are back door way to cut payments, experts and former official warn: 'This is the most serious threat I've ever seen to it'

Elon Musk's government efficiency team, DOGE, is taking aim at Social Security, claiming fraud while pushing controversial changes.

by: Fortune

Elaine Chao on the Trump Administration: 'What you all want is certainty and you're not going to get it'

Good morning. Get used to tariff chaos—and don't expect any resolution soon. At Fortune 's CEO Initiative dinner in New York this week, the general consensus among the leaders on stage and filling the room was that this trade war could last well beyond 2025. Here were some other topline takeaways from three speakers in attendance.

by: Forbes

10 Reasons Business Credit Should Be A Priority For Small And Medium-Sized Businesses In 2025

He specializes in helping SMEs access credit and capital. Over the years, I've had the privilege of working with countless small and medium-sized business owners, and one thing that always surprises me is how many of them underestimate the power of building strong business credit.

by: Moneycontrol

Manappuram Finance shares jump 3% as Bain Capital set to buy 18% stake for Rs 4,385 crore

The deal will be executed through a preferential allotment of equity shares (9.29 crore equity shares at Rs 236 per share) and warrants, after completion of which, Bain Capital will be classified as a joint promoter of the company.

by: AOL

Wendy's CEO on thick-cut bacon, egg prices, and AI-powered drive-throughs for 2025

Just past his one-year mark as Wendy's ( WEN) CEO, Kirk Tanner is leaning on more than square burgers to add some sizzle to the 55-year-old restaurant chain's stock price.

by: cnbctv18

Manappuram Finance shares hit a record high after Bain Capital deal; Analysts see further upside

It must be noted that shares of Manappuram Finance are in the Futures and Options (F&O) ban, which means no new positions can be created in the stock in today's trading session.

by: Insider

Tesla 'armageddon,' a 'legion' of Optimus robots, and no mention of DOGE: 5 takeaways from Elon Musk's surprise all-hands

"So what I am saying is, 'Hang on to your stock,'" Musk told employees in the Texas Gigafactory.

by: Forbes

The Rise In Business Bankruptcies: Key Trends And Steps For Leaders

Incorporating strategic initiatives and strong financial planning is the best way to navigate a competitive market and protect your business in difficult times.

by: Moneycontrol

Neutral Manappuram Finance; target of Rs 240: Motilal Oswal

Motilal Oswal recommended Neutral rating on Manappuram Finance with a target price of Rs 240 in its research report dated March 21, 2025.

by: cnbctv18

Manappuram Finance shares gain after Bain Capital deal; Analysts see stock at ?270

It must be noted that shares of Manappuram Finance are in the Futures and Options (F&O) ban, which means no new positions can be created in the stock in today's trading session.

by: cnbctv18

Manappuram Finance shares have more upside in store? Analysts project after Bain Capital deal

It must be noted that shares of Manappuram Finance are in the Futures and Options (F&O) ban, which means no new positions can be created in the stock in today's trading session.

by: Moneycontrol

Gold price surges come and go, stick to a 10-15% allocation

It's important to maintain a consistent gold allocation and avoid getting carried away by high returns, which might tempt one to invest more than necessary

by: Insider

Crypto.com Review 2025

Dive into our Crypto.com 2025 review and explore Crypto Baskets, crypto options, and non-custodial wallet. Find out if Crypto.com is right for you.

by: Forbes

Cocoa: Rising Prices, Trade Opportunities And The Future Of Chocolate

For now, traders can ride the wave of cocoa's bull market, but the long-term implications for consumers and the industry are far less sweet.

by: Insider

Tesla 'armageddon,' a 'legion' of Optimus robots, and no mention of DOGE: 5 takeaways from Elon Musk's livestream

Elon Musk held an all-hands meeting with Tesla employees at the Texas Gigafactory on Thursday night. The meeting, which was held on short notice, was livestreamed on X. Tesla typically holds its all-hands meetings during regular work hours.

by: Insider

FedEx warns of 'continued weakness and uncertainty' in the US industrial economy

FedEx revised its outlook downward saying that soft demand from business customers is likely to hamper earnings this year.

by: Reuters

JPMorgan makes changes to its diversity programs, memo says

JPMorgan Chase Chief Operating Officer Jenn Piepszak said the bank was making some changes to its Diversity, Equity and Inclusion programs and the language it uses to describe them in an effort to keep up with the market and changes in regulations,

by: Reuters

China's Bank of Communications 2024 profit flat, warns of margin pressure

China's Bank of Communications Co Ltd (BoCom) , reported a 0.9% rise in 2024 net profit, while warning of margin pressure and bad debt.

by: Insider

I'm a mom who feeds my family of 3 with $200 monthly and food bank hauls. Here are my top 2 tips for saving money on groceries.

Danielle Howard, 32, tells BI how she saves money on groceries with a $200 monthly budget and trips to her local food bank.

by: Reuters

Take Five: Tantrums and TIARAs

The first three months of 2025 promised to be bumpy, but few expected the world to be on the verge of a full-on trade war and for investors to be fleeing Wall Street quite so fast after U.S. President Donald Trump's return to the White House.

by: Reuters

Bain Capital to buy stake worth $508 million in India's Manappuram Finance

India's Manappuram Finance said on Thursday Bain Capital would invest 43.85 billion rupees ($508 million) to acquire an 18% stake in the gold loan provider at a time record prices of the precious metal has made its mortgaging appealing.

Bernie Is Right: 60% of Americans Live Paycheck to Paycheck

Bernie Sanders says it over and over again: 60% of Americans live paycheck to paycheck. But Matt Darling of the Niskanen Center swears it's not true and Dylan Matthews of Vox calls it a damned lie. Even Matt Yglesias is apparently on the case,
The article from MSN discusses the financial struggles of many Americans, highlighting Senator Bernie Sanders' claim that 60% of Americans live paycheck to paycheck. It points out that despite the U.S. being one of the wealthiest nations, a significant portion of its population faces economic insecurity, with many unable to afford a $400 emergency expense. The piece references a 2022 LendingClub report which supports Sanders' assertion, showing that 64% of Americans were in this precarious financial situation. It also touches on the broader implications of this economic reality, including the lack of savings, reliance on credit, and the impact of inflation and rising costs of living. The article suggests that this widespread financial instability calls for policy changes to address income inequality and improve economic security for the average American.

Read the Full Jacobin Article at:
https://www.msn.com/en-us/money/government-support-and-welfare/bernie-is-right-60-of-americans-live-paycheck-to-paycheck/ar-AA1Bks3v