In finance
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Biden-Harris administration announces rule to protect retirement savers’ interests by updating investment advice fiduciary definition
WASHINGTON – The Biden-Harris administration announced today that the U.S. Department of Labor has finalized its Retirement Security Rule to...
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Labor Department issues rule to crack down on bad retirement savings advice
The Biden administration issued a final "fiduciary" rule that aims to rein in conflicts of interest that officials say erode Americans' savings.
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General Motors stock is rising on strong earnings and sales
Shares of General Motors increased by nearly 5% Tuesday morning following the announcement of better-than-expected first-quarter earnings. The automotive company also raised its full-year predictions and reported a reduction in the cost of batteries for its electric vehicles. The company announced that its earnings per share for the first quarter increased by 18.5% to $2.62, while its revenue grew nearly 8% to $43.01 billion. Analysts had predicted earnings of $2.13 per share with sales...
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Hibbett Sports to be acquired by British sports fashion company in $1.1 billion deal
The Birmingham-based sports apparel and equipment retailer’s outstanding shares sold to JD Sports for $87.50 per share in cash.
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Sasol Slumps After Flagging Disruptions at South African Sites
Sasol Ltd. shares fell the most in more than three months after the synthetic fuel and chemical maker reported issues throughout its South African operations.
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Retail Core Banking Systems Market is Set To Fly High in Years to Come
According to HTF Market Intelligence, the Global Retail Core Banking Systems market to witness a CAGR of 14.80% during forecast period of 2024-2030.
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Anglo American Cuts Diamond Output Goal Amid Slow Recovery
Anglo American Plc has cut its diamond production target for the year as the industry continues to struggle with too much inventory after a disastrous 2023.
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India’s Economic Activity Continues to Expand, Flash PMIs Show
India’s economic activity continued to expand in April, driven by strength in both the services and manufacturing sectors, according to a flash survey by HSBC Holdings Plc.
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Saudi Development Fund agrees $50m loan deal with SVG
The Saudi Fund for Development (SFD), signed a $50 million loan agreement with St. Vincent and the Grenadines on Friday, April 19, 2024, to assist communities affected by natural disasters, Saudi Press Agency reported. The deal was signed by SFD CEO Sultan Abdulrahman Al-Marshad and Minister of Finance of St. Vincent and the Grenadines (SVG), Camillo Gonsalves, during the 2024 spring meetings of the World Bank and the International Monetary
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Surgeon Feels Broke With $665K Salary: Finds Out He's Losing Thousands To His Financial Advisor
Susan, a stay-at-home mom, and Jeff, a surgeon, have worked hard for decades and are now worth over a million dollars. They have been married for 19 years and have two kids. As responsible parents, they signed up for long-term insurance policies, ensured their children had what they needed, and even partnered with a financial advisor when things got complex.Now, they are $914,000 deep in debt despite an annual income of $665,000. In a podcast with millionaire author and the host of Netflix's...
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Grace Lopez Johnson: Why do young people care about the environment?
Everyone has their passions, and young adults are in a uniquely motivated position to pursue them as they enter a new season of their lives.
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Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC – Finance Bitcoin News
Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of […]