Thu.Dec 26, 2024

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Richard Parsons, Serial Fixer of Media and Finance Giants, Dies at 76

The New York Times: Banking

Mr. Parsonss lengthy rsum is a catalog of corporate emergencies at Time Warner, Citigroup and the Los Angeles Clippers.

Media 145
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Morgan Stanley unveils favorite telecom and networking equipment stocks for 2025

CNBC: Investing

The Wall Street investment bank expects its top pick to rally more than 30%.

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China’s BYD offers year-end discounts of up to 11.5%

Global Banking & Finance

BEIJING (Reuters) – Chinese electric vehicle giant BYD is offering discounts until Jan. 26 on two of its hybrid and EV models, according to its website. Both Song Pro DM-i and Qin Plus EV are now priced from 99,800 yuan ($13,673), down 11.5% and 9.1% respectively from their previous sticker prices. ($1 = 7.

IT 52
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An options strategy to generate income on this ‘Dog of the S&P 500’ – and perhaps buy it cheap

CNBC: Investing

This real estate investment trust has had a tough 2024, and its a prime candidate for a cash-covered put strategy.

S&P 94
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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China’s Nov industrial profits narrow decline but 2024 likely worst year in decades

Global Banking & Finance

BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption.

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Yen hovers near 5-month low as BOJ’s cautious stance weighs

Global Banking & Finance

By Kevin Buckland TOKYO (Reuters) – The yen hovered near a five-month low to the dollar on Friday as the U.S. Federal Reserve’s hawkish messaging contrasted with the Bank of Japan’s cautious approach to further policy tightening. The yen traded at 157.725 per dollar as of 0030 GMT, edging up 0.

Bank 52
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Apple is soaring to record highs. Here’s where JPMorgan thinks it’s headed in 2025

CNBC: Investing

It's been a huge year for Apple, and the stock may be poised to go even higher in 2025, according to JPMorgan.

Stock 89
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Gazprom’s gas output to rise to around 416 bcm in 2024

Global Banking & Finance

MOSCOW (Reuters) – Alexei Miller, the head of Russia’s Gazprom, said on Thursday the group’s natural gas production is set to rise this year by 61 billion cubic metres (bcm) to around 416 bcm.

Finance 52
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How to invest $50,000 in 2025 for the biggest returns with only modest risk

CNBC: Investing

Investors looking to get the biggest returns without taking outsized risks have a few options for next year, according to pros on Wall Street.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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India’s former PM Manmohan Singh dies aged 92

Global Banking & Finance

NEW DELHI (Reuters) – Manmohan Singh, the former Indian prime minister who governed the South Asian country for two terms and liberalised its economy in an earlier stint as finance minister, has died, local media reported on Thursday. He was 92.

Media 52
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These will be the worst-performing Dow stocks in 2025, according to analysts

CNBC: Investing

Several blue-chip stocks are projected by Wall Street analysts to fall in 2025.

Stock 61
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Oil prices ease as markets weigh China stimulus hopes

Global Banking & Finance

By Nicole Jao NEW YORK (Reuters) -Oil edged lower on Thursday in light holiday trade as the dollar’s strength offset hopes for additional fiscal stimulus in China, the world’s biggest oil importer. Brent crude futures settled down 32 cents, or 0.43%, at $73.26 a barrel. U.S. West Texas Intermediate crude closed at $69.62, down 0.

Trading 52
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These stocks will be the biggest Dow winners of 2025, according to analysts

CNBC: Investing

Some favorites of the Dow Jones Industrial Average, including Nvidia and Merck, could surge next year.

Stock 44
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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Finland boards oil tanker suspected of causing internet, power cable outages

Global Banking & Finance

By Essi Lehto and Andrius Sytas HELSINKI (Reuters) -Finnish authorities on Thursday seized a ship carrying Russian oil in the Baltic Sea on suspicion it caused the outage of an undersea power cable connecting Finland and Estonia a day earlier, and that it also damaged or broke four internet lines.

IT 52
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Virtú Investments Acquires Elevate Apartments in Bellingham, Washington

Global Newswire by Notified: M&A

Virtú Investments acquires Elevate Apartments in Bellingham, Washington.

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New York to fine fossil fuel companies $75 billion under new climate law

Global Banking & Finance

By Jonathan Allen NEW YORK (Reuters) – New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday.

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Most investors think that President-elect Trump will boost markets and the economy, a CNBC survey found

CNBC: Investing

The quarterly CNBC Delivering Alpha Stock Survey polls top investors to get their perspectives on stocks, sectors and the economy.

Investors 130
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Asian stocks drift, yen at 5-month low in thin year-end trading

Global Banking & Finance

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks wobbled on Friday while the dollar was steady, keeping the yen rooted near five-month lows in thin year-end trading as investors looked ahead to 2025, when the Federal Reserve is expected to be measured in its interest rate cuts.

Trading 52
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Delaware ruling supports enforceability of forfeiture-for-competition provisions

JD Supra: Mergers

On December 18, 2024, the Delaware Supreme Court (the Court) held in LKQ Corp. v. Rutledge that forfeiture-for-competition provisions in employee equity award agreements are enforceable in certain contexts. This article summarizes the Courts ruling and what it means for employers looking to implement forfeiture or clawback provisions as a means of enforcing restrictive covenants in equity compensation arrangements under Delaware law.

Equities 172
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Oil prices set for weekly gain on China stimulus optimism

Global Banking & Finance

(Reuters) – Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world’s biggest oil importer. Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.

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SciSparc: AutoMax Announces $13 Million First Delivery of JAC Vehicles Following Regulatory Approval for Direct Importation

Global Newswire by Notified: M&A

TEL AVIV, Israel, Dec. 26, 2024 (GLOBE NEWSWIRE) -- SciSparc Ltd. (Nasdaq: SPRC) ("Company" or "SciSparc"), announced that AutoMax Motors Ltd., (AutoMax), a leading automotive importer and distributor in Israel with which the Company has entered into an agreement and plan of merger, received its first shipment of vehicles manufactured by Anhui Jianghuai Automobile Group Co., Ltd.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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South Korea’s Shinsegae to set up joint venture with Alibaba International

Global Banking & Finance

By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday. The joint venture will be formed partly by Shinsegae investing its 100% stake in South Korean e-commerce platform Gmarket, it said in a regulatory filing.

Retail 52
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Lantronix Closes Strategic Acquisition of DZS’s NetComm Enterprise IoT Portfolio

Global Newswire by Notified: M&A

IRVINE, Calif., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has finalized its acquisition of NetComm Wireless Pty Ltd (NetComm), a subsidiary of DZS Inc., for all of its enterprise Internet of Things (IoT) business assets for $6.5 million in cash, together with assumptions of certain liabilities.

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US stocks tread water in thin trade, benchmark US yield ekes out new high

Global Banking & Finance

By Stephen Culp and Alden Bentley NEW YORK (Reuters) -Wall Street indexes were mixed on Thursday and U.S. benchmark Treasury yields were hardly changed on the day after scaling the highest levels since May in light, post-Christmas trading. U.S.

Trading 52
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Payment Receipt Confirmation: Acknowledgment Receipts Template

Razorpay

As a business owner, you understand the importance of maintaining accurate financial records. One crucial aspect of this is providing your customers with a payment receipt confirmation after each transaction. A well-designed payment confirmation receipt not only serves as proof of purchase but also helps build trust and professionalism in your business dealings.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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Dollar stays resilient, Asia shares wobble

Global Banking & Finance

By Rae Wee SINGAPORE (Reuters) -Asia shares eased in holiday-thinned trade on Thursday, paring some of their gains from earlier in the week, while the dollar rose alongside U.S. Treasury yields. As the year-end approaches, trading volumes have begun thinning out and the main focus for investors remains that of the Federal Reserve’s rate outlook.

Shares 52
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What Is a Merchant Reference Number? A Complete Guide

Razorpay

What is a Merchant Reference Number (MRN)? A merchant reference number, also known as a transaction merchant reference number or merchant reference code, is a unique identifier assigned to each transaction processed by a merchant’s payment system. It plays a crucial role in tracking individual payments, ensuring proper reconciliation, and facilitating smooth transaction management.

Bank 40
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World Bank raises China’s GDP forecast for 2024, 2025

Global Banking & Finance

(Reuters) – The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year.

Bank 52