Category: News
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Farmers are still reeling months after Hurricane Helene ravaged crops across the South
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Breadcrumb links PMN BMN Business Article writer: Associated Press Ross Bynum Posted on December 21, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content LYONS, Ga. (AP) — Twisted equipment and downed tree limbs…
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JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
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A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, alleging that the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. In the federal civil complaintThe Consumer Financial Protection Bureau…
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UK car production slumps to lowest November level since 1980
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UK car production fell sharply in November, falling by around a third compared to the same month last year and reaching its lowest November production since 1980. According to new figures from the Society of Motor Manufacturers and Traders (SMMT), just 64,216 cars rolled off production lines – 27,711 fewer…
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NextGen Digital Provides Business Progress Updates and Announces Strategic Expansion
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Dec 20, 2024 • 8 minute…
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Treasuries Gain as Key Fed Inflation Figures Trail Estimates
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(Bloomberg) — U.S. Treasuries rose off their highs late Friday after a batch of closely watched inflation data came in below expectations, prompting traders to raise expectations of interest rate cuts by the Federal Reserve next year. Most read from Bloomberg The policy-sensitive two-year Treasury yield was at 4.31% late…
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AI could be set to revolutionise UK’s careers advice sector
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At a time when much of the conversation around AI focuses on potential job losses, one sector stands poised to harness this technology for good: career advice. Far from making counselors obsolete, AI can help them provide more personalized, timely and cost-effective support, ensuring more unemployed young people and adults…
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Purpose Investments Inc. Announces 2024 Final Annual Income and Capital Gains Distributions For Purpose Mutual Fund Trusts with December 15, 2024 Tax Year-End
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on December 20, 2024 • 5 minute…
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Trump transfers his stake in Trump Media to revocable trust
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(Reuters) – US President-elect Donald Trump has transferred the stake he owns in Trump Media and Technology Company to a revocable trust. Trump transferred 114.75 million shares, or 53% of the outstanding shares of Trump Media & Technology, to the revocable trust of which he is the sole beneficiary, according…
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Mandelson chosen by Starmer as UK ambassador to US
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Sir Keir Starmer is set to appoint Lord Mandelson as the UK’s new ambassador to the US, the first political appointment to the position in nearly half a century. The Prime Minister believes that Mandelson’s background in trade and extensive network of contacts will strengthen Britain’s position in what is…
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President-elect Trump transfers close to $4 billion worth of his Trump Media shares to a trust
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Shares of Trump Media and Technology Group fell in midday trading on Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing. Trump transferred all of his roughly 115 million shares — worth about $4 billion on paper — in the…
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Budget ‘weighing on growth’, warns Bank of England
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The UK economy is unlikely to see any growth in the wake of the Chancellor’s Budget, as businesses respond to record tax measures by raising prices and cutting employment levels, the Bank of England has warned. Policymakers now expect the economy to remain flat in the final quarter of 2024,…
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FT Portfolios Canada Co. Announces Distribution For Its Exchange Traded Funds
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on December 20, 2024 • 2 min…
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Fed’s Goolsbee says policy uncertainty led to his shift on rate-cut path
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(Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Friday that he now expects a shallower path for interest rate cuts in 2025 than previously, but added that he still believes the U.S. central bank’s key interest rate will fall “by as much as… Hakim” next year. “Policy uncertainty…
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buy american oil or face heavy tariffs, eu told
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Donald Trump has threatened European Union member states with punitive tariffs if they fail to buy more US oil and gas, reviving the prospect of a renewed trans-Atlantic trade war. On Friday, the president-elect announced on social media: “I told the European Union that they must offset their massive deficit…
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How innovation died at Intel as it faces an uncertain future as America’s only leading-edge chip manufacturer
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Shares of the once iconic chipmaker plummeted 60% in 2024. The company posted the biggest loss in its 56-year history in its latest quarterly earnings report. Its market cap has dropped 80% since 2000 — when it was one of the most valuable companies in the world. But company insiders…
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Car finance complaints widened to cover leasing deals, giving lenders more time to respond
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Lenders in the auto finance market have been given extra time to address a looming increase in complaints, as the city regulator moves to expand the scope of claims to include leasing agreements. The Financial Conduct Authority (FCA) has set a new deadline of 4 December 2025 for lenders to…
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Fennec Pharmaceuticals Announces Pedmarqsi® Positive Recommendation by NICE for the Prevention of Cisplatin-Induced Hearing Loss in England and Wales
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Dec 20, 2024 • 8 minute…
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Oil falls on demand growth concerns, robust dollar
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Written by Ghislaine Lehr SINGAPORE (Reuters) – Oil prices fell on Friday on concerns about demand growth in 2025, especially in China, the largest importer of crude, putting global oil standards on track to end the week down about three percent. Brent crude futures fell 33 cents, or 0.45 percent,…
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The End of Remote Work?
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Are we nearing the end of remote work? The debate over returning to the office continues to dominate headlines as companies evaluate productivity, collaboration and employee satisfaction. As 2025 approaches, many are wondering: Is remote work a passing trend in the pandemic era, or is it here to stay? Recent…
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UK CEOs Pick AI, Housing and Space Mines as Some of 2025’s Biggest Themes
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Breadcrumb links BMN Business It’s been a busy 2024: Donald Trump was elected again, interest rates fell and geopolitical tensions intensified. As the new year approaches, Bloomberg News spoke to dozens of British CEOs about what to look out for in 2025. With insights from bosses from a range of…