• Wed, March 26, 2025

by: Bloomberg

Porsche, VW's Billionaire Owners Weigh Defense Investment

The billionaire family controlling Porsche AG and Volkswagen AG is eyeing a major investment in the defense industry as its automakers struggle with rising trade tensions and muted demand.

by: Deadline

Hollywood's Theatrical Business At Risk Of Entering "Negative Feedback Loop", Wall Street Analyst Warns

Hollywood is at risk of entering a "negative feedback loop" with fewer wide movie releases and a shrinking theater footprint combining to squeeze box office revenue, a veteran media analyst says. In his annual assessment of the theatrical sector,

by: civicscience

Pulse of the U.S. Workforce Report: Employment Concerns, Manager Care, and Belief in Corporate Leadership

This is a tiny glimpse of the data available in The Pulse of the U.S. Workforce Report by idealis, powered by CivicScience data. Access the report. Uncertainty has become a defining force in today's business landscape,

by: jacobin

Medicare Would Be in Real Danger of Collapse Under Dr Oz

Presently tied up in Senate confirmation hearings, Mehmet Cengiz Oz, the Oprah Winfrey-certified wellness advocate known as "Dr Oz," might soon become director of the Centers for Medicare and Medicaid Services (CMS).

by: WBUR

How Trump plans to get government out of the mortgage business

Mortgage finance giants Fannie Mae and Freddie Mac have been under government conservatorship since 2008. President Trump wants to privatize them. But what could that mean for America's mortgage market?

by: TechCrunch

Has GetReal cracked the code on AI deepfakes? $18M and an impressive client list say yes

The proliferation of scarily realistic deepfakes is one of the more pernicious by-products of the rise of AI, and falling victim to scams based on these

by: Mint

What is a pre-qualified personal loan? Benefits, limitations, and how it works

Personal loans provide quick access to funds, with pre-qualification offering an initial assessment of a borrower's eligibility. This process involves a soft credit inquiry, allowing borrowers to learn about potential loan terms without impacting their credit score.

by: Audacy

West Herr WBEN Buffalo Business Report - Wednesday, March 26th, 2025

Level Financial Advisors purchases a California-based firm, the Botanical Gardens is opening a new Playspace, the WNY Safety Conference returns to Seneca One, and Trocaire names a program director for workforce development.

by: KUNC

Colorado restaurant workers, owners at odds over bill to cut wages

A watered-down version of a bill to cut tipped worker wages has restaurant owners angry and employees nervous.

by: CNET

Student Loan Forgiveness May Wither in the Courts, Says This Expert. What You Can Do Now

The path for current student loans is uncertain, but forgiveness options look even less likely for future borrowers.

by: Investopedia

These Food and Drink Stocks Could See Double-Digit Growth, Says Wells Fargo

Wells Fargo kicked off coverage of two quick-service food and drink chains, Dutch Bros and Wingstop, with "buy" ratings.

by: Entrepreneur

How to Delegate Effectively and Unlock Your Business's Full Potential

Many entrepreneurs resist delegation, fearing high costs, loss of control or time-consuming training. Learn how to overcome these common objections and embrace automation, outsourcing and hiring.

by: KWTX

'They can come and take them': Killeen business owners frustrated by city's new flag ordinance enforcement

Small business owners in Killeen are expressing frustration after the city ordered them to take down roadside flags they've relied on to attract customers.

by: CW33

NFM's Annual Women's Panel: Empowering Women in Business

A Panel of Empowering Voices on March 29, from 10:30 a.m. to 1 p.m., to celebrate Mrs. B's legacy and highlight female partnerships in stores and communities.

by: Blavity

Is Chipotle Closing And Going Bankrupt? Let's Fact Check The Viral Rumors

Rumors of Chipotle Mexican Grill filing for bankruptcy and closing restaurants this year have spread on social media, sparking concern among users about the popular fast-casual chain.

by: Forbes

Why The Business Case For DEI Still Matters

Karen Brown has been at the forefront of corporate DEI efforts for over two decades, and she's seen firsthand what works and what doesn't.

by: KVUE

Austin business owner claims Eanes ISD rejected 'historic' endowment offer amid budget deficit

As Eanes ISD grapples with its budget deficit, one business owner accuses the district of ignoring his multimillion-dollar endowment.

by: Reuters

Exclusive-Italy pursues payment from Meta, X and LinkedIn in landmark tax case

Italy has handed tax demands to Meta, X and LinkedIn in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday.

by: UPI

Britain makes billions in extra welfare cuts amid slower economic growth

The British finance minister announced Wednesday billions in welfare budget cuts to fill a shortfall with stalled growth and higher borrowing costs since the government's first spending plan.

by: Insider

Trump announced new auto tariffs after a rough day in the market for Tesla

Shares of mega-cap tech leaders tumbled Wednesday afternoon after a surprise announcement of auto tariffs from the White House.

by: Fortune

Whitney Wolfe Herd is back as Bumble's CEO, says she experienced complete 'ego death,' and is turning the dating app into the 'Love Company'

Bumble's recently-returned founder envisions a "self-love" app that teaches you to love yourself before loving someone else.

by: WKYC

Here's how to avoid risky investment scams, with tips from Better Business Bureau Cleveland: VERIFY Fast Facts

Scam Tracker Risk Report is out for 2024, and the results show the riskiest scams reported by consumers are investment scams. The thing these scams have in common is they prey on the desire to make money fast,

by: Invezz

CFO optimism dips in Q1 as tariff risks and uncertainty overshadow Trump boost: Fed survey

Optimism among chief financial officers (CFOs) has declined in the first quarter of the year as rising tariff risks and economic uncertainty cast a shadow over business expectations. A new survey conducted by two Federal Reserve banks and Duke University found that optimism,

by: WKYC

Better Business Bureau Scam Tracker Risk Report for 2024 shows investment related scams at riskiest reported: VERIFY Fast Facts

Scam Tracker Risk Report is out for 2024, and the results show the riskiest scams reported by consumers are investment scams. The thing these scams have in common is they prey on the desire to make money fast,

by: UPI

Senate Democrats call on Trump to revoke nominee for Social Security chief

Senate Democrats on Wednesday called for the president's pick for Social Security chief to have his nomination rescinded amid what lawmakers and experts say will be deep cuts to the program via DOGE.

by: Insider

Another big bank has slashed its stock-market outlook amid soaring economic uncertainty

The US economy could be heading for a sharp slowdown "very very soon," an analyst said on Wednesday. Price targets for the S&P 500 have been edging lower.

by: Reuters

Jefferies profit misses estimates as bond trading, equity underwriting weaken

Jefferies' first-quarter profit missed Wall Street estimates on Wednesday as bond trading weakened and stock market deals were stalled due to uncertainty sparked by shifting U.S. trade policy and geopolitical turmoil.

by: TechCrunch

19 founders and VCs working with Elon Musk's DOGE

Silicon Valley used to take a backseat to Washington, D.C. But now, the people disrupting technology have taken the wheel at the highest echelons of

by: Forbes

18 Must-Read Books For Finance Professionals In 2025

"The E-Myth Revisited" by Michael Gerber is the best book for someone who has just started a company or has been in business & is still doing everything in the business.

by: Fortune

Experts warn Americans' pessimism about business conditions has driven confidence to a level that typically indicates an impending recession

Consumer confidence fell for the fourth consecutive month, and consumers' outlook on business conditions and their own income fell to the lowest level in 12 years. The Conference Board says confidence has fallen "well below the

by: Entrepreneur

How to Build a Resilient Business and Navigate Uncertainty With a Structured Risk Management System

Here, I am going to explain risk management according to the guidelines of ISO 31000. The consequences of risks often extend beyond you as an entrepreneur and may trigger catastro

by: TechCrunch

Has GetReal cracked the code on AI deepfakes? $18M and an impressive client list says yes

The proliferation of scarily realistic deepfakes is one of the more pernicious byproducts of the rise of AI, and falling victim to scams based on these

by: Insider

A couple started renovating RVs as a side hustle. They bought and resold 17 in 5 years and now fix up apartments, too.

A millennial couple started buying, renovating, and reselling motorhomes, making dated spaces luxurious. Now they're transforming small apartments.

by: Reuters

Nigel Farage and NatWest settle 'debanking' dispute

Eurosceptic UK politician Nigel Farage and NatWest Group have settled their dispute over the bank's handling of a decision to close Farage's accounts, the two parties said in a joint statement on Wednesday.

by: Fortune

Experts say Americans are so pessimistic about business conditions their confidence has fallen 'well below the threshold that usually signals a recession ahead'

The Trump administration and its policies had a significant impact on what is affecting consumers' views of the economy.
  • Thu, March 27, 2025

by: BusinessLIVE

THE FINANCE GHOST: Dashing hopes for a Nike profit sprint

After a tough year, the sports giant struggles to regain momentum amid digital strategy shifts and declining sales

by: GOBankingRates

Webster Bank Promotions: Best Offers and Bonuses

Webster regularly offers cash bonuses when you sign up for an account. Find out how to cash in on Webster Bank promotions.

by: Insider

A 23andMe cofounder says the company 'lost its way' under the last leaders

Me cofounder Linda Avey is mourning what the biotech company could have become. The company filed for Chapter 11 bankruptcy protection on Sunday.

by: Investopedia

Tesla Stock Tumbles After Best Stretch Since November Election

Tesla shares fell more than 5% on Wednesday, ending the EV maker's blistering rebound out of a prolonged slump.

by: Moneycontrol

Midcap and smallcap volatility may persist, but stay the course with your SIPs

The midcap and smallcap segments remain vulnerable to liquidity shocks, and in case of sharp corrections, they are typically the first to fall and the last to recover.

by: Moneycontrol

Pension Loan Explained: How it works, interest rates, eligibility and other key factors

A pension loan offers retirees easy access to funds with minimal paperwork and lower interest rates, using their pension as proof of income. It's a practical option for covering expenses like medical bills or home repairs without the hassle of traditional loans.

by: Reuters

Santander and BBVA seek favourable capital treatment from ECB, Cinco Dias reports

Spanish lenders Santander and BBVA are negotiating with the European Central Bank (ECB) to get a more favourable capital treatment for their holdings in insurance businesses, Spanish newspaper Cinco Dias reported on Thursday.

by: Moneycontrol

Growth-friendly RBI governor Malhotra raises rate cut hopes

India's new central bank governor has marked his first 100 days in office with a growth-friendly approach to monetary policy, suggesting he'll be willing to cut interest rates further and keep liquidity flush as the economy braces for trade turmoil.

by: Reuters

Wall St tumbles on tariff worries; Nvidia and Tesla drop

Wall Street stocks tumbled on Wednesday, dragged down by losses in Nvidia and Tesla as investors awaited information about forthcoming U.S. tariffs expected to be enacted next week. In the latest development,

by: Reuters

Is Britain on the cusp of another multibillion-pound consumer finance scandal?

The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain's financial industry billions of pounds in fresh legal costs and potential customer compensation.

by: Reuters

Explainer: Is Britain on the cusp of another multibillion-pound consumer finance scandal?

The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain's financial industry billions of pounds in fresh legal costs and potential customer compensation.

by: Reuters

China tells state firms to halt deals with Li Ka-shing and his family, Bloomberg News reports

China has instructed state-owned firms to pause new deals with businesses linked to Hong Kong billionaire Li Ka-shing and his family after his plan to sell two ports in Panama to a BlackRock-led consortium,

by: Reuters

Microsoft pulls back from more data center leases in US and Europe, analysts say

Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months due to an oversupply relative to its current demand forecast, TD Cowen analysts said on Wednesday.

Porsche, VW's Billionaire Owners Weigh Defense Investment

The billionaire family controlling Porsche AG and Volkswagen AG is eyeing a major investment in the defense industry as its automakers struggle with rising trade tensions and muted demand.
The billionaire owners of Porsche and Volkswagen, the Porsche and Piëch families, are considering investing in defense companies, marking a potential shift from their traditional focus on automotive industries. This interest stems from the ongoing war in Ukraine and increasing global security concerns, prompting a reevaluation of investment strategies. The families, who control a significant portion of Volkswagen through their stakes in Porsche SE, have been in discussions with defense firms, although no specific investments have been confirmed. This move could diversify their portfolio and align with broader European efforts to bolster defense capabilities amid rising geopolitical tensions. However, any investment would need to navigate the complex landscape of public perception, ethical considerations, and regulatory scrutiny given the sensitive nature of the defense sector.

Read the Full Bloomberg Article at:
https://www.msn.com/en-us/money/other/porsche-vw-s-billionaire-owners-weigh-defense-investment/ar-AA1BHVMR

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