Author: Arabian Media staff
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has announced that Japan’s Nippon Steel will form a “partnership” with US Steel, marking a significant development in a long-running and politically fraught saga.“This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the US Economy,” Trump wrote in a social media post on Friday. He added that the “bulk” of that additional investment will be made in the next 14 months.One…
Advisers should put no price targets on an investment a client owns and give no forecasts of anticipated performance. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Africa has proposed new legislation to meet Elon Musk’s conditions for offering his Starlink satellite internet service in his birth country after the billionaire refused to comply with Black empowerment laws he called “openly racist”.Days after a bruising meeting between South African President Cyril Ramaphosa and his US counterpart Donald Trump in the Oval Office, Pretoria moved to loosen affirmative action laws requiring foreign investors in telecoms to sell 30 per cent of equity in their local entity to historically disadvantaged…
Since the early 1990s, modern payday lending has been a source of short-term financing for individuals who need funds fast. However, it’s also a controversial practice that’s undergone many state and federal reforms to protect consumers against predatory lenders. With a potential recession looming, will an economic downturn—and the resulting financial strain on consumers—lead to an increased reliance on payday lending? While it’s certainly possible, there isn’t sufficient historical data to definitively answer this question. Key Takeaways Payday loans are small, high-interest loans that typically must be repaid by the borrower’s next payday.Historical data shows some evidence of a rise…
For the first time in a generation, its monopoly is under threat. After two years of false starts, the company is trying to regain the initiative Source link
If you’re getting ready to list your home, you want to know you’ll get multiple offers and sign a contract as soon as possible. To interest potential buyers, spend some time sprucing up your home’s curb appeal. We’ll show you which areas of your home to focus on and what improvements buyers are looking for. Key Takeaways Maintaining the home by mowing and landscaping can show potential buyers that the house has been cared for.Clean the exterior of the home and repaint to freshen it up, if necessary.Updating fencing, house numbers, and lighting to modernize the look of your home…
Shares in companies tied to nuclear power jumped Friday, helped by President Donald Trump’s rollout of four executive orders that aim to provide a boost to the sector, but there were concerns about whether there could be much of a near-term impact. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump has directed the government to fast-track construction of nuclear reactors and reform the “risk averse” culture of regulation in a bid to quadruple the US’s atomic energy capacity by 2050.The president on Friday signed four executive orders that instructed the Department of Energy to facilitate the start of construction for 10 large reactors by 2030 and help finance power upgrades to existing reactors.In a factsheet accompanying the executive order, the White House said the Nuclear Regulatory Commission had…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Builder.ai’s founder Sachin Dev Duggal has sounded out investors on a potential deal to buy the failed UK software company out of insolvency.The Microsoft-backed artificial intelligence start-up, which was once valued at over $1bn, told employees earlier this week that it would commence insolvency proceedings owing to “historic challenges and past decisions”.Duggal, who stepped down as chief executive earlier this year but retained his board position and title of “chief wizard”, has approached multiple investors about potentially buying back the company he…
What Is the Glass-Steagall Act? The Glass-Steagall Act of 1933 forced commercial banks to refrain from investment banking activities to protect depositors from potential losses through stock speculation. Glass-Steagall aimed to prevent a repeat of the 1929 stock market crash and the wave of commercial bank failures. Signed into law by President Franklin Delano Roosevelt on June 16, 1933, the Act was part of the New Deal and became a permanent measure in 1945. Glass-Steagall was repealed in 1999, although some provisions remain, including the Federal Deposit Insurance Corporation (FDIC), which guarantees individual deposits. Key Takeaways The Glass-Steagall Act was passed in…