• Thu, March 20, 2025

by: Cryptopolitan

China's central bank holds rates steady amid US tariffs and yuan weakness

by: Barchart

Stocks Plunge Before the Open After Fed-Fueled Rally, U.S. Economic Data and Earnings in Focus

S&P 500 E-Mini futures (ESH25) are down -0.73%, andMarch Nasdaq 100 E-Mini futures (NQH25) are down -0.93% this morning, tracking losses in European equities after ECB President Christine Lagarde stated that U.

by: Stockhouse

ETFbook joins Fineqia's exchange-traded notes business

Fineqia International (CSE:FNQ), a digital asset and technology investor, announces that its Fineqia AG subsidiary has onboarded ETFbook to serve as portfolio composition file calculation agent for its exchange-traded notes business ・ETFbook specializes in organizing global ETF data and counts a diversity of institutions including exchanges,

by: GOBankingRates

Here's How Mark Cuban Spent His First $1 Billion and What You Can Learn From It

Mark Cuban marked his entry to the wealthy billionaires' club by going on a major spending spree. He achieved this elite status in 1999, when he -- and business partner Todd Wagner -- sold

by: MarketWatch

My parents own a home that's jumped 600% in value and is worth $500K. I want them to sell it to me for cheaper and avoid tax issues. Who can help?

Have an issue with your financial adviser or looking for a new one? Email questions or concerns to picks@marketwatch.com.

by: Firstpost

Are NBFCs supporting rural women in diversifying their businesses?

After years of financial exclusion, NBFCs are playing a crucial role in bridging the gap. By providing access to capital and digital tools, they are enabling rural women to grow their businesses and secure their futures. With this support, women are not just sustaining their businesses but driving real change in rural India.

by: Truthout

Trump and DOGE's Attacks on CFPB Will Help Financial Industry Prey on Consumers

The Consumer Financial Protection Bureau is meant to protect us from predatory finance. That's why Trump wants it gone.

by: SaltWire

Cape Breton duo named to 25 Most Powerful Women in Business list

Two Cape Breton women have been named to the list of Atlantic Canada's 25 Most Powerful Women in Business by Atlantic Business Magazine . Audrey (Heidi) Marshall and Shannon Lynch Colbourne were recognized in the fifth annual list.

by: Bloomberg

Bloomberg's 2025 March Madness Brackets for a Cause

Bloomberg has assembled a group of business titans to fill out NCAA March Madness brackets and put up money for charity. Who will win this year?

by: GhanaWeb

CEO Anyanah Benjamin to Share Business Insights at Future Forward Forum 2025

The highly anticipated Future Forward Forum 2025, organized by the Azubam Empowerment Foundation, is set to bring together distinguished leaders in entrepreneurship, leadership, and technology.

by: Lifehacker

What Is 'Phantom Wealth' (and What to Do If You Have It)

If you've ever felt a disconnect between how much money you have and how financially secure you feel, you might be suffering a sort of phantom wealth. Here's why you might be feeling financially vulnerable,

by: cnbctv18

Citi CEO Jane Fraser meets FM Sitharaman, discusses digital push in India

Citi Group CEO Jane Fraser on Thursday met Finance Minister Nirmala Sitharaman. During her meeting, Jane highlighted Citi's growth in India and sought to further deepen the bank's engagement in the country.

by: CelebrityAccess

The CMA Announces Multiple Senior Hires And Promotions

The Country Music Association announced a round of new hires and promotions across multiple aspects of the organization's operations. Senior staff promotions at the CMA include Ben Balch, formerly Sen

by: OurQuadCities

Schlueter's Auto Service earns Business of the Year Award in West Burlington

The City of West Burlington has announced that Schlueter's Auto Service is the recipient of the 2024 Business of the Year Award, celebrating its outstanding contributions to the community and dedication to excellence in automotive care,

by: WKRG

Dollar General going-out-of-business sale leads to chaos, temporary closure

A Dollar General in Prichard was having a going-out-of-business sale when chaos broke out, according to the Prichard Police Department. PPD Chief Walter Knight said the North Wilson Avenue store was having a 50% off sale when the store owner called police for crowd control.

by: Mint

PayU buys 43.5% stake in payment technology firm Mindgate Solutions for undisclosed sum

Mindgate provides end-to-end real-time payment infrastructure and expertise for several leading banks in India, processing over 8 billion transactions a month.

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: Moneycontrol

Stocks to Watch Today: Manappuram Finance, Hero MotoCorp, Hindalco, Glenmark, TCS, Lloyds Metals, CDSL, RailTel in focus on 21 March

Stocks like Lloyds Metals and Energy, Ashoka Buildcon, CG Power and Industrial Solutions, Unichem Laboratories, Happiest Minds Technologies, Piramal Pharma, Power Finance Corporation, Asian Paints, Container Corporation of India,

by: GlobalData

UK asset finance new business grew by 2% in January 2025: FLA

Total asset finance new business (primarily leasing and hire purchase) grew in January 2025 by 2% compared with the same month in 2024, according to figures released by the Finance & Leasing Association (FLA).

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: Variety

Apple Is Losing Over $1 Billion per Year on Streaming Service, Has 45 Million Apple TV+ Subscribers (Report)

Apple TV+ is reportedly losing more than $1 billion per year as the company is spending $4.5 billion on content annually.

by: Week99er

The Future of Business: Top 10 Entrepreneurs to Watch in 2025

As the business landscape continues to evolve, a select group of entrepreneurs is leading the charge with bold ideas, disruptive innovations, and an unrelenting drive for success. These visionaries are not only shaping their respective industries but also redefining what it means to be a leader in the modern world.

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: 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: Investopedia

Why Nvidia Stock Is on Track to Have Its Worst Quarter Since 2022

Mounting economic concerns have threatened to derail the AI trade, putting Nvidia stock on track to have its worst quarter since 2022.

by: Moneycontrol

Bain Capital-Manappuram Finance deal likely to be announced soon

Bain to acquire approximately 22 percent stake from VP Nandakumar, Manappuram Finance's founder and MD & CEO and come up with an open offer to increase stake to 42 percent

by: Insider

5 things to know about Trump's tumultuous relationship with the Fed

Trump said rates should be lowered as tariffs "ease" their way into the economy. It's not the first time the president has called for the Fed to slash rates.

by: Moneycontrol

Bain Capital to invest Rs 4,385 crore in Manappuram Finance for 18% stake: Newsbreak confirmed

Manappuram Finance has announced a deal with Bain Capital Asia, as part of which the private equity player will invest Rs 4,385 crore into the NBFC, to acquire shares and warrants worth 18%, and will be classified as a promoter, the lender informed on March 20.

by: Forbes

Are Small Businesses About To Lose A Financial Lifeline?

Trump's executive order moves to scale back the CDFI Fund, a program that helps small businesses get financing. Supporters call it essential, critics say it's redundant.

by: Insider

Arielle Zuckerberg explains her 'rizz and tiz' theory about startup founders

Arielle Zuckerberg, a general partner at Long Journey Ventures and sister of Mark Zuckerberg, looks for what she calls "rizz and tiz" in founders.

by: Fortune

Exclusive: Walrus Foundation raises $140 million from Standard Crypto and a16z for a high speed storage network

The foundation supports the Walrus protocol, a decentralized network for storing files.

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: Insider

More and more people are dining alone. It's a bigger indicator of unhappiness than being unemployed.

World Happiness Report found that solo dining spiked during the pandemic and remains elevated, particularly for under-35s.

by: CNBC

The 10 most expensive places in the U.S. to start a new business, report finds

California and New York's high costs of living make them expensive for new business owners, according to a recent ranking from an online small business advisor.

by: Insider

Commerce Secretary Howard Lutnick hawks Tesla stock on TV: 'It'll never be this cheap again'

"It's unbelievable that this guy's stock is this cheap. It'll never be this cheap again," Lutnick said of Elon Musk's EV company, Tesla.

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.

by: Insider

My ex-husband was limiting my income potential. After we divorced, my business hit 7 figures in revenue.

Speech therapist Jessie Ginsburg's core values are freedom, flexibility, and passion. She realized her husband's were safety security, and comfort.

by: Reuters

Polish, British finance ministers discuss defence spending, FT says

Poland is discussing ways of working together with Britain and European nations to boost defence production while getting better value for taxpayers, Finance Minister Andrzej Domanski told the Financial Times in an interview on Thursday.

by: Reuters

Chinese textile maker Sunrise to build two plants in Morocco

Chinese textile company Sunrise Group will invest 2.3 billion dirhams ($240 million) to build two textile plants in Morocco, the Moroccan government said on Thursday after signing the deal.

by: Reuters

ARA gasoil stocks fall to 3-month low, Insights Global data shows

Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by over 4% on the week to their lowest since mid-December, data from Dutch consultancy Insights Global showed.

by: Reuters

NYSE-bound Klarna signs payments deal with DoorDash

Swedish payments firm Klarna, which is gearing up for a listing on the New York Stock Exchange, said on Thursday it has entered a payments partnership with online food and grocery delivery firm DoorDash .

by: Reuters

India's Bajaj Finance names Anup Kumar Saha as MD

Indian non-banking financial company Bajaj Finance on Thursday named Anup Kumar Saha as its managing director, replacing Rajeev Jain.

by: Reuters

Europe's defence push offers hope for France's struggling car suppliers

A bid by French munitions maker Europlasma for a former Renault foundry is being closely watched by struggling auto suppliers, eager to tap a surge in defence spending as demand from traditional car making shrinks.

by: Reuters

Temu-owner PDD Holdings' revenues hit by intense China competition and challenges abroad

PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending.

by: Reuters

Oppenheimer slashes 2025 US investment banking forecast on tariff worries

Oppenheimer said on Wednesday it no longer expects growth in U.S. investment banking revenue this year and slashed its earlier estimate of a 32% jump due to uncertainty stemming from tariffs.

China's central bank holds rates steady amid US tariffs and yuan weakness

China's central bank decided to keep key lending rates unchanged on Thursday, holding firm as the country deals with a weakened yuan, new US trade tariffs, and an economy that is still trying to stabilize.
The People's Bank of China (PBOC) decided to maintain its key policy rates, keeping the one-year medium-term lending facility (MLF) rate at 2.5% and the seven-day reverse repo rate at 1.8%. This decision comes amidst ongoing trade tensions with the U.S., which has imposed new tariffs on Chinese goods, and a weakening yuan, which recently hit a six-month low against the dollar. The PBOC's choice to hold rates steady reflects a cautious approach to managing economic stability, aiming to support the economy without exacerbating capital outflows or further weakening the currency. This move is also seen in the context of China's efforts to navigate through economic challenges like a property market slump, local government debt, and sluggish consumer spending, while trying to avoid a significant economic downturn.

Read the Full Cryptopolitan Article at:
https://www.msn.com/en-us/money/economy/china-s-central-bank-holds-rates-steady-amid-us-tariffs-and-yuan-weakness/ar-AA1Bi8a1