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GoTyme to roll out investments, additional credit services by Q4

Gokongwei-backed digital lender GoTyme Bank Corp. is set to expand its product offerings to include more credit and investment services by the end of the year, during which it also seeks to capture the Vietnamese market. According to GoTyme president and chief executive officer Nathaniel Clarke, the bank is looking to offer investment products such as cryptocurrency trading upon approval of the Bangko Sentral ng Pilipinas (BSP). “We’re just...

2024-04-28T09:04:53Z

SES, Intelsat Revive Deal Talks to Form Satellite Giant

SES SA and Intelsat SA have revived discussions on a potential merger to create a satellite giant after a previous attempt faltered last year, according to people familiar with the matter.

2024-04-29T14:20:48Z

Pump price rollback set Tuesday

Motorists will get a slight reprieve starting Tuesday, as firms announced another round of rollbacks to mark the second straight week of cuts for diesel and kerosene, and the first for gasoline after six straight weeks of increases. In separate advisories Monday, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will lower prices per liter of gasoline by P0.25, diesel by P0.45, and kerosene by P0.90. Cleanfuel will implement...

2024-04-29T04:08:04Z

Social Security Benefits Could Be Changed for Thousands of Children

Under current rules in California, not all foster children are receiving their Social Security benefits.

2024-04-29T09:05:15Z

Brazil Posts Surprise Budget Deficit in March as Spending Rises

Brazil posted a primary fiscal deficit of 1.5 billion reais ($293 million) in March, surprising analysts who forecast a surplus for the month and ramping up pressure on the government’s efforts to shore up public accounts.

2024-04-29T15:45:33Z

Where Are America’s Most Vulnerable Bridges?

Hundreds of aging “fracture critical” bridges across the US are in poor condition, according to federal data. But weighing their needs and safety risks is a challenge.

2024-04-29T14:40:47Z

Pinoy consumer spending not yet back to pre-pandemic level, study says

There are no longer restrictions on various business and transportation but the spending habits of Filipinos have not returned to pre-COVID level according to data from Moody's analytics, EJ Gomez reported on "Saksi." According to Moody's analytics, inflation has an effect on efforts to recover from COVID-19 pandemic in the Asia Pacific region. There are no restrictions on businesses and transportation but there is still no "big shift" or major...

2024-04-25T20:09:43Z

EU says Apple iPad operating system to face stricter rules

The EU on Monday said Apple's operating system for iPads must comply with tougher new rules that Brussels is imposing to rein in the world's biggest digital companies. The commission, the EU's powerful competition regulator, said it named the iPadOS system because it locked users into the iPad operating system.

2024-04-29T12:20:14Z

Tesla wins key China security clearance during Musk visit

Tesla received a key security clearance from China during owner Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday. In a note on Monday, Wedbush Securities analysts said the "long term valuation story at Tesla hinges on FSD and autonomous".

2024-04-29T07:38:48Z

Stock market today: Wall Street drifts ahead of a week full of earnings reports and a Fed meeting

NEW YORK (AP) — U.S. stocks are drifting Monday as Wall Street readies for a week packed with potentially market-moving reports. The S&P 500 was up 0.3% in midday trading, coming off its best week since November. The Dow Jones Industrial Average was up 75 points, or 0.2%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.3% higher. This week will see about a third of all the companies in the S&P 500 reporting how much profit they made...

2024-04-29T03:01:58Z

Truth Social Stock Warning Issued by Analyst

The share value of the company which runs the former president's social media platform has declined.

2024-04-29T14:06:03Z

Florida Bill Could Give Insurance Tax Relief

A newly introduced bill is trying to provide relief for Florida homeowners struck by rising flood insurance premiums.

2024-04-29T12:35:53Z

China's EV giant BYD misses Q1 revenue estimates

Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday, as an aggressive domestic price war and Western regulatory pressure weighed on the company's growth. Its profit in the first quarter was 4.57 billion yuan, up 10.62 percent from a year ago, BYD said on Monday.

2024-04-29T13:19:39Z

Japan’s yen plunges to lowest level against the dollar since 1990

Japanese currency sinks to 160.17 per dollar, the lowest since April 1990.

2024-04-29T04:49:30Z

China Southern Joins Deal Frenzy for C919 Jet to Rival Duopoly

China Southern Airlines Co. said it will buy 100 Comac C919 jets, bolstering the streak of recent orders for the local planemaker vying for a role alongside incumbents Boeing Co. and Airbus SE.

2024-04-29T12:45:22Z

Norfolk Activist Wins Glass Lewis Support for CEO Ouster

The activist investor battling to replace Norfolk Southern Corp.’s leadership won the backing of Glass Lewis & Co., raising pressure on the railroad in the final days before a crucial shareholder vote.

2024-04-29T12:09:54Z

A second new nuclear reactor is completed Georgia. The carbon-free power comes at a high price

ATLANTA (AP) — The second of two new nuclear reactors in Georgia has entered commercial operation, capping a project that cost billions more and took years longer than originally projected. Georgia Power Co. and fellow owners announced the milestone Monday for Plant Vogtle's Unit 4, which joins an earlier new reactor southeast of Augusta in splitting atoms to make carbon-free electricity. Unit 3 began commercial operation last summer, joining...

2024-04-29T15:53:23Z

Yen Sparks Intervention Suspicion After U-Turn From 1990 Lows

The yen surged after touching its weakest level against the dollar in 34 years, amid speculation the Japanese government intervened to support its beleaguered currency for the first time since 2022.

2024-04-29T02:33:17Z

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla

WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to “prior restraint” on his speech in violation of the First Amendment. The...

2024-04-29T14:23:43Z

SNAP Benefits See Major Online Change Amid 'Modernization'

SNAP recipients will be able to shop from two online-only retailers, Thrive and DashMart, as the program tries to expand food access.

2024-04-29T09:05:13Z

Migration of Citi business weighs on UnionBank Q1 net income

Aboitiz-led Union Bank of the Philippines saw a decline in its first-quarter bottom line, as the lender saw higher operating costs to support the migration of the Citi Consumer business into its systems. In a regulatory filing to the local bourse on Monday, UnionBank reported a P2-billion net income in the first three months of the year, lower than the P3.4 billion reported in the comparable period of 2023. This comes as the bank saw a 10%...

2024-04-29T05:08:14Z

Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier

It's not easy to break into the U.S. airline industry, which is dominated by four big carriers and a sprinkling of other niche players, but that didn't scare away Andrew Levy. Neither did a pandemic that briefly caused air travel to plummet more than 90%. In April 2021, while COVID-19 still raged and billions of dollars from taxpayers were propping up big airlines, Levy launched Avelo Airlines with flights between Burbank, California, and Las...

2024-04-29T11:32:06Z

Tax Rebate of $9,000 Available to Millions of Americans

Electric vehicle buyers can soon have the price of their new vehicle slashed considerably.

2024-04-29T14:06:02Z

Marcos highlights role of new irrigation system in Cotabato, Maguindanao's food security

President Ferdinand ''Bongbong'' Marcos Jr. on Monday highlighted the role of an irrigation system in ensuring food security in the southern portion of the Philippines. This as Marcos led the inauguration of the Malitubog-Maridagao Irrigation Project Stage II (MMIP-II) in the municipality of Pikit, Cotabato. ''With this irrigation project, the land will become a fertile field of grain. It will bring many bountiful harvests, nourish many families...

2024-04-29T08:08:42Z

Yen rebounds after hitting 34-year low past 160 per dollar

The yen surged after diving to a new 34-year low past 160 per dollar on Monday as a forecast-beating US inflation reading dented expectations for Federal Reserve interest rate cuts this year. That, along with push-back by US Federal Reserve decision-makers warning against cutting too soon, has led investors to revise their outlook for how many reductions there would be this year.

2024-04-29T03:33:03Z

Gasoline, diesel, kerosene price rollback seen next week

A rollback on the prices of gasoline, diesel, and kerosene is expected next week, the Department of Energy-Oil Industry Management Bureau (DOE-OIMB) said Friday. According to DOE-OIMB Director III Rodela Romero, the following are the estimated ranges of rollback on April 30, based on the 4-day trading: Gasoline - P0.20 to P0.45 Diesel - P0.40 to P0.60 Kerosene - P0.70 to P0.90 Final adjustments would be determined after the Mean of Platts...

2024-04-26T01:10:35Z

The Corporate Transparency Act Means Jail Time for Small Business Owners | Opinion

The criminal penalties imposed by the law open the door for abuse by the IRS and politically motivated prosecutors with an axe to grind.

2024-04-29T12:20:43Z

Instant payment startup to provide below P1 transaction fees

Talino Venture Studios and Chemonics International have invested up to $5 million in the instant payment system Higala, which seeks to connect initially with Philippine rural and thrift banks and lower transaction fees to below P1, before moving on to the big banks. Launched officially on Thursday, April 25, Higala — which means “good friend” or “trusted friend” in the Bisaya language — seeks to tap local financial institutions that are...

2024-04-26T08:11:50Z

Meralco eyes P40-billion core net income in 2024

The Manila Electric Company Inc. (Meralco) is optimistic about reaching a core net income of at least P40 billion in 2024, as it believes it can sustain the growth it recorded in its bottom line in the first quarter of the year. At a briefing in Pasig City, Meralco chairman and chief executive officer Manuel V. Pangilinan said the company is optimistic to sustain growth in the remaining months of the year, with its business units expected to...

2024-04-29T12:09:25Z

Do I Need A CPA? Yes, Here’s Why

Vault’s Viewpoint What Is a CPA? A certified public accountant (CPA) is an individual who has met the state licensing requirements for public accountancy, across required areas of education, experience and testing. Typically, the person must have completed an accounting degree and acquired the minimum required hours in public accounting. Then, the candidate must pass […] The post Do I Need A CPA? Yes, Here’s Why first appeared on Newsweek Vault.

2024-04-29T14:27:42Z

College Tuition Map Shows Rising Fees in 5 States

University fees have increased by more than 28 percent over eight years in one U.S. state

2024-04-29T16:06:28Z

Ford’s BlueCruise Probed by Regulators After Fatal Crashes

US auto safety regulators are investigating Ford Motor Co.’s BlueCruise driver-assistance feature after a pair of fatal crashes involving the technology.

2024-04-29T14:40:55Z

Tesla Soars on Tentative Approval for Driving System in China

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market.

2024-04-29T04:18:35Z

Deforestation in Indonesia spiked last year, but resources analyst sees better overall trend

JAKARTA, Indonesia (AP) — From trees felled in protected national parks to massive swaths of jungle razed for palm oil and paper plantations, Indonesia had a 27% uptick in primary forest loss in 2023 from the previous year, according to a World Resources Institute analysis of deforestation data. But the loss is still seen as historically low compared to the 2010s, it said. “Deforestation has been declining from six or so years ago, when there...

2024-04-29T02:46:02Z

Blackstone strikes chord with $1.6 bn bid for UK music firm

Struggling UK music rights owner Hipgnosis Songs Fund agreed Monday to an improved $1.6-billion takeover from US private equity firm Blackstone, which trumped a rival bid from Concord. "Blackstone appears to have emerged supreme in the bidding war for the Hipgnosis Songs Fund," commented Susannah Streeter, head of money and markets at Hargreaves Lansdown.

2024-04-29T08:16:32Z

Philips settles US sleep machine cases for $1.1 billion

Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal to settle US lawsuits over faulty sleep machines that have dogged the company. Philips said in a statement Monday that it had reached an agreement with the plaintiffs "to resolve the personal injury litigation and the medical monitoring class action to end the uncertainty associated with litigation in the US." It added that it did not "admit any fault or liability,...

2024-04-29T15:55:09Z

In-Demand Workers Are Staying Put as US Labor Market Cools

The dynamism that gives the US labor market its edge is slowing down.

2024-04-29T14:10:26Z

Maharlika, BCDA ink MOU for possible investment opportunities

The Bases Conversion and Development Authority (BCDA) and the Maharlika Investment Corp. (MIC) on Monday inked a memorandum of understanding for the two agencies to explore potential collaboration opportunities. Under the deal, the BCDA and the MIC would look into sharing knowledge that would lead to the establishment of a feasibility study report which will include potential developments within BCDA properties such as the Clark Freeport Zone...

2024-04-29T12:09:26Z

Peso sinks to fresh 17-month low: P57.78:$1

The Philippine peso depreciated against the US dollar on Thursday to carve a fresh 17-month low, as the greenback was buoyed by economic data and the surprise policy adjustment in Indonesia. The local currency lost 23 centavos to close at P57.78:$1 from Wednesday’s finish of P57.55:$1. The latest showing is the weakest in 17 months since November 10, 2022’s P58.19:$1, surpassing the previous high recorded last Friday, April 19, 2024. Security...

2024-04-25T11:08:09Z

Americans to Get Additional Social Security Payment in May

The payment date change applies to those claiming SSI benefits as well as some retirees.

2024-04-29T10:35:23Z

Hedge Funds Step Up Purchases of Tech Stocks, Goldman Sachs Says

The risk-on momentum in technology stocks last week wasn’t lost on hedge funds, who scooped up the sector’s companies at the fastest clip in more than a year.

2024-04-29T14:10:14Z

Stocks Trade for 390 Minutes a Day. Increasingly, Only 10 Matter

The regular market for US equities runs for 390 minutes on a standard trading day. But at the rate things are going, eventually the last 10 might be the only ones that matter.

2024-04-29T12:20:20Z

Group opposes gov't decision to import fish

A fisherfolk group on Saturday expressed opposition to the government's decision to allow the importation of 25,000 metric tons of frozen fish for wet markets. In an interview on Super Radyo dzBB, Pambansang Lakas ng Kilusang Mamalakaya ng Pilipinas (PAMALAKAYA) said the importation would have a negative impact on local fisherfolk. "Yung apektado ng importation kami eh, yung mga maliliit na mangingisda. Kasi di hamak na mas mura naman talaga...

2024-04-27T05:00:25Z

California is joining with a New Jersey company to buy a generic opioid overdose reversal drug

SACRAMENTO, Calif. (AP) — California is partnering with a New Jersey-based pharmaceutical company to purchase a generic version of Narcan, the drug that can save someone's life during an opioid overdose, under a deal announced Monday by Democratic Gov. Gavin Newsom. Amneal Pharmaceuticals will sell naloxone to California for $24 per pack, or about 40% cheaper than the market rate. California will give away the packs for free to first responders,...

2024-04-29T14:03:08Z

Student Loan Cancellation Deadline Looms

Tuesday marks the last day for federal borrowers to have their loans consolidated and apply for a potential cancellation of their debt.

2024-04-29T12:50:59Z

Bitcoin Falls to One-Week Low as the 2024 Crypto Revival Stalls

Bitcoin and the wider crypto market retreated on Monday, with some speculators on edge ahead of a Federal Reserve meeting this week that may point to higher-for-longer interest rates.

2024-04-29T10:24:35Z

Best Content Management Software (CMS) Systems of May 2024

Vault’s Viewpoint: Compare the Best Content Management Software (CMS) Systems of 2024 Price Templates Drag and Drop Interface Storage WordPress.com From $9+ per month 12,000+ ✔ 6-50 GB* Wix Premium Plans From $17+ per month 800+ ✔ 2GB-Unlimited* Drupal Free 3,000+ themes ✔ Variable Joomla Free Several themes are automatically included; thousands more through third […] The post Best Content Management Software (CMS) Systems of May 2024 first...

2024-04-29T14:27:57Z

Stock Market Today: U.S. Futures Up After Friday Tech Rally

Futures are up ahead of another bumper week for quarterly earnings reports.

2024-04-29T10:20:22Z

PH stands firm in forging FTA with US

NEW YORK CITY —The Philippine government is not backing down from its objective to forge a free trade agreement (FTA) with the United States, according to a top Trade official. In a meeting with Filipino journalist-participants of the Friends, Partners, Allies Program here, Trade Undersecretary and Board of Investments managing head Ceferino Rodolfo admitted that the current “political dynamics” in the US —in time for the November presidential...

2024-04-27T08:00:51Z

US stocks rise on tech outlook as yen rebounds

The yen rebounded Monday from a 34-year low against the dollar after what some traders speculate could have been the first intervention by Japanese authorities to support the weakening currency since late 2022. "It's unclear whether the BoJ (Bank of Japan) has intervened directly or not, but the dollar is down this morning, while there has been little movement in crosses outside of those including either US dollars or Japanese yen."

2024-04-29T03:18:00Z