• Thu, March 20, 2025

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: 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: 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: 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

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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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.
  • 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: 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: 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

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: 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.

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,
The article from MSN Money discusses the concept of "phantom wealth," which refers to assets that appear valuable on paper but might not hold real economic value or liquidity. This includes things like overvalued stocks, speculative investments, or even cryptocurrencies that can plummet in value unexpectedly. The piece explains that phantom wealth can create a false sense of security for investors, leading to potential financial instability when these assets fail to deliver expected returns or become difficult to sell. It advises individuals to recognize such assets in their portfolio, diversify investments to mitigate risks, and consider more tangible or stable investments like real estate or established companies with solid fundamentals. The article also suggests consulting with financial advisors to reassess one's investment strategy, ensuring that one's financial planning is not overly reliant on assets that might not have intrinsic or lasting value.

Read the Full Lifehacker Article at:
https://www.msn.com/en-us/money/other/what-is-phantom-wealth-and-what-to-do-if-you-have-it/ar-AA1BkhLv

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