Category: News
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Vanguard reaches deal with US bank regulator over control of bank stakes
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(Reuters) – The U.S. Federal Deposit Insurance Corporation has reached an agreement with Vanguard that will strengthen the rules under which the investment management giant can acquire large stakes in large U.S. financial institutions, according to an agreement published by the watchdog on Friday. The agreement gives the FDIC greater…
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Could Nigel Farage really be the UK’s next Prime Minister, I mean really?
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Could Nigel Farage be the next UK Prime Minister? It’s a question that just five years ago would have seemed like wondering whether we’d see Piers Morgan running the Department of Arts. And yet, here we are, as Farage’s UK Reform Party is reportedly amassing a slew of new members…
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Bank of America Corporation (BAC) Stock Forecasts
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summary We’re approaching the start of 2025, with two strong years for the US stock market about to appear in the books. But could 2025 include some mean reversion outside the 50 states? To account for this, we’ll start by focusing on the Emerging Markets ETF (EEM) and the iShares…
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Over 4,000 Brits tucked into their tax return on Christmas Day
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New figures from HMRC have revealed that more than 40,000 individuals found time between a turkey dinner and lodging their 2023-24 self-assessment tax return over the festive period. While many were eating leftover Christmas food or gathering around the television, 4,400 people submitted their returns online on Christmas Day itself.…
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Maryland sues maker of Gore-Tex over pollution from toxic ‘forever chemicals’
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Breadcrumb links PMN BMN Business Article writer: Associated Press Leah knife Posted on December 27, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Maryland Attorney General Anthony Brown speaks during a news conference…
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Stocks drop in thin year-end trade amid tax selling, profit taking
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(Reuters) – Technology and growth stocks pushed Wall Street’s main indexes lower on Friday, ending an upbeat holiday-shortened week driven by expectations of a traditionally strong period for markets. The Dow Jones Industrial Average fell 0.82%, the S&P 500 fell 1.24%, and the Nasdaq Composite briefly fell more than 2%…
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Steel industry urges government to choose British in offshore wind expansion
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The UK steel industry is urging the government to commit to buying British steel as part of the country’s planned offshore wind boom. Wind power now accounts for almost a third of UK electricity generation, yet less than 2% of steel used in offshore wind projects over the past five…
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European Gas Faces a Raft of Challenges With Transit Deal Ending
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Breadcrumb links BMN Business Europe is on the verge of losing a significant portion of its gas supplies, with a key transit agreement between Moscow and Kiev expiring on December 31. Unless an alternative arrangement is reached in the final days of the year, stopping Russian flows through Ukraine will…
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Investors Shift Focus to India, Japan as China Slows: Report
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Investors shift focus to India and Japan as China slows worldwide Emerging markets China is witnessing a radical shift in investment flows, with both institutions and individual investors adjusting their allocations away from China and towards markets such as India and Japan, according to a recent report by Franklin Templeton.…
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Labour backs £15m rescue fund to tackle food waste and feed those in need
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Labor ministers have thrown their support behind a £15 million government plan to rescue surplus food from UK farms – often thrown away or fed to animals – and distribute it to homeless shelters, food banks and charities, especially over the festive period. The fund, originally promised by Michael Gove…
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First Supertanker to Be Scrapped in Two Years Is a Dark Ship
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Breadcrumb links BMN Business The Amor, a Cameroon-flagged ship known to transport Iranian oil, has become the first supertanker to be registered for demolition in more than two years, a sign that increasing scrutiny of ships transporting sanctioned crude oil is increasing pressure on operators. Article writer: Bloomberg News Will…
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Ark’s Cathie Wood calls for tax clarity as she rides ‘Trump bump’
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Written by Susan McGee (Reuters) – Cathie Wood, an American technology investor, told Reuters that she is calling on the incoming Donald Trump administration to promote economic growth and political certainty by postponing the promised corporate and individual tax cuts to January 1, 2025. After lagging in recent years, Wood’s…
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Why AI will never replace the human traits that make for effective mentoring
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In a world that is gradually becoming digital, it is important to have a clear understanding of how industries can work collaboratively with the likes of AI to ensure they are not left behind. Gaining this understanding early will help avoid causing panic and allow companies to use technology development…
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Thai Government Suffers Setback in Bid to Sway Central Bank
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Breadcrumb links BMN Business The Thai government’s campaign to pressure the Bank of Thailand to cut interest rates has suffered a major setback, with the State Council Office effectively ruling that the official nominee for bank president, former Finance Minister Kitirat Na Ranong, is unsuitable. Article writer: Bloomberg News Pathum…
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Bitcoin Rally Fizzles as Token’s Record-Breaking Year Winds Down
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(Bloomberg) — Bitcoin’s rally is fading in the final days of a record year for the digital asset, as investors take stock of the remaining momentum from President-elect Donald Trump’s embrace of the cryptocurrency sector. Most read from Bloomberg The largest token was trading at $96,200 as of 6 a.m.…
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Global Compliance Challenges Solved The Role of LMS in Cross-Border Training
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In today’s globalized business landscape, compliance is a critical concern. Multinational corporations must navigate a complex web of regulations across different jurisdictions. This is where corporate compliance training comes into play. It equips employees with the knowledge they need to adhere to these regulations, mitigating risks and avoiding penalties. However,…
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The Surprising Thing That the 5 Best Stocks of the Past Decade All Have in Common
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Do you think that about half of the stocks in… Standard & Poor’s 500 Better than average performance in any given year. One would expect a balanced distribution between outperformers and underperformers in the market. The truth is that the exact ratio moves up and down in real time. Overall,…
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Strategic Opportunity or High-Stakes Gamble? New Research Reveals the Truth
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Golden Investments, a UK-based research organization specializing in gold and its modern investment alternatives, has published its latest research report entitled “Risk in Gold and its Modern Alternatives: Investment or Speculation?” The pioneering study he wrote golden Investments examines the intersection between traditional gold investments and innovative financial instruments such…
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Microsoft Corporation (MSFT) Stock Forecasts
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summary The stock market has come back to life after some scary moments last week. In the past three days, the S&P 500 (SPX) has risen nearly 3%, while the Nasdaq and Nasdaq 100 (QQQ) have recovered more than 3%. The SPX is up 3.6% from its intraday lows last…