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Finance

Why Trump’s reciprocal tariffs may actually be a positive sign for Wall Street.

Wall Street brushed aside President Donald Trump’s latest tariff threats as stocks rallied despite his plans to target key industrial metals and impose retaliatory duties. On Monday, Trump is expected to announce 25% tariffs on steel and aluminum with so-called […]

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February 10, 2025
The Philadelphia Eagles’ billionaire owner invested $185 million 30 years ago. Now the team is worth 35 times what he paid for it.

As the Philadelphia Eagles seek to dethrone the back-to-back NFL champion Kansas City Chiefs in Sunday’s Super Bowl, the appearance is a testament to Eagles’ billionaire owner Jeffery Lurie. After a 14-3 regular season, the Eagles are riding a three-game […]

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February 9, 2025
‘Made in China 2025’ puts US at risk of ‘losing next industrial revolution’, panel told.

Beijing’s progress in implementing its “Made in China 2025” (MIC2025) strategy for industrial modernisation over the past decade is raising fresh alarms in Washington, with a congressional panel using it on Thursday to warn that the US is at risk […]

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February 9, 2025
Tesla car sales in China fall 11.5% as competition intensifies.

Sales of Tesla’s cars to China fell in January, as competition from domestic rivals continued to heat up. Tesla sold 63,238 units of its electric cars in January, down 11.5% from the 71,447 cars sold in the same month last year. […]

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February 7, 2025
Santander shares jump 8% after lender announces record quarterly profit, 10-billion-euro buyback

Shares of Banco Santander jumped after Spain’s largest lender reported record profit in the fourth quarter and announced plans for 10 billion euros ($10.4 billion) in share buybacks from 2025 and 2026 earnings and anticipated excess capital. The bank’s net profit picked […]

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February 7, 2025
Saudi bank lending hits record $788bn as corporate loans surge.

Saudi Arabia’s bank loans surged to SR2.96 trillion ($788 billion) in December, marking a 14.39 percent year-on-year increase, according to official data. Figures from the Saudi Central Bank, also known as SAMA, revealed that corporate loans were the main driver, […]

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February 7, 2025
Saudi Arabia explores partnership opportunities with India’s Tata Group.

Saudi Arabia is exploring collaboration opportunities with India’s largest business conglomerate Tata Group in multiple sectors, including military, aviation, and electronics. During the meeting, the Saudi minister outlined the economic diversification goals of the Vision 2030 program and highlighted investment […]

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February 7, 2025
Bank of England gives hawkish warning as it cuts rates to 4.5%

The Bank of England’s Monetary Policy Committee voted to cut interest rates to a 19-month low but struck a hawkish tone by signaling that only two more reductions are needed to bring inflation back to the 2% target. In a […]

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February 6, 2025
Salesforce announces its first COFO—a powerful new exec role that combines CFO and COO

As the role of CFOs continues to evolve, some companies are thinking of new ways to amplify their strategic mindsets. There has been a trend in finance chiefs taking on the additional role of chief operating officer, but Salesforce has taken […]

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February 6, 2025
DTCC Launches Tokenization Suite to Accelerate Adoption

The Depository Trust & Clearing Corporation (DTCC), the US post-trade market infrastructure has launched ComposerX, a complete, end-to-end suite for managing digital assets through their full lifecycle. Nadine Chakar, global head of DTCC Digital Asset, told Markets Media in an email […]

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February 6, 2025
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