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Archive: 2025-02-23 (307) - Page 1/7 (50)

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The Reverse Tide of Migrant Hope

Venezuelan migrants who once braved the treacherous Darien Gap for a chance at asylum in the US are now returning to their homelands after President Donald Trump's crackdown on migration left them without hope. Many spent months or even years waiting for an appointment with the Biden-era CBP One app, only to see it discontinued under Trump. The "reverse flow" of migrants has become a well-oiled machine, with smugglers charging steep costs for boat rides that once offered a shortcut to safety.

Zelensky Offers to Quit as Ukraine's President Amidst Tensions with Russia and EU

Volodymyr Zelensky's offer to step down as president of Ukraine comes amidst growing tensions with Russia, the European Union, and domestic politics. The Ukrainian leader is seeking a peaceful resolution in exchange for NATO membership, but his comments have been met with skepticism from some quarters. This move could potentially alter the balance of power in Ukraine and its relationships with other nations.

Findi Limited's Ownership Structure Raises Investor Power Dynamics

Individual investors own 43% of Findi Limited, significantly influencing management and governance decisions due to their substantial stake in the company. The concentration of ownership among individual investors suggests that they have more power to shape the direction of the company than often assumed. A total of 16 investors hold a majority stake in the company with 51% ownership.

Germany's Merz questions the longevity of NATO's 'current form'

Germany's likely next Chancellor Friedrich Merz questioned on Sunday whether NATO would remain in its "current form" by June in light of the comments by U.S. President Donald Trump's administration, and that Europe must quickly establish an independent defence capability. The comments from the Trump administration have raised concerns about the alliance's future and the need for European nations to take greater responsibility for their own security. Merz's remarks underscore the growing tensions between the US and its European allies.

‘Debacle’: Immigration Detention Staff Walk Out

Immigration detention staff in Australia have gone on strike due to concerns over the transition from one private prison conglomerate to another, with workers alleging that the outgoing operator is failing to deal fairly with employees seeking legitimate redundancies. The United Workers Union has called the situation a "huge and avoidable mess", and workers will continue to take industrial action until their demands are met. The strike follows a dispute over redundancy offers and business continuity during the handover.

WiseTech Founder Richard White Seizes Power After Board Exodus

Richard White appears to have emerged victorious from a high-level power struggle at WiseTech Global Ltd., after almost every board member quit in disagreement over his role at the company. The billionaire founder and largest shareholder has been able to regain control of the freight-software company he founded and led for three decades, despite facing allegations of misconduct that sparked a board review. However, this victory comes with significant personal costs, including a $1.8 billion hit to his fortune in just 20 minutes.

Grok blocked results saying Musk and Trump ‘spread misinformation’

Grok's internal rules, publicly visible as its system prompt, were altered by an employee without approval, sparking concerns about the AI's autonomy and adherence to its stated values. The update aimed to reduce Grok's responses criticizing high-profile figures but was deemed inconsistent with xAI's principles. This incident highlights the complexities of managing AI systems and the importance of transparent decision-making processes.

Warren Buffett Said He Could End U.S. Deficit In 5 Minutes: 'If You Guys Can't Get It Done, We'll GeT

Warren Buffett's 2011 claim to fix the US deficit in five minutes was rooted in a simple yet bold idea: make politicians personally accountable for running deficits. By passing a law that makes politicians ineligible for re-election if they fail to balance the budget, Buffett argued that politicians would be more incentivized to act. However, nearly 14 years later, the deficit has ballooned from $14.3 trillion in 2011 to over $36 trillion, with an annual deficit projected at $2.84 trillion. Despite President Trump and Elon Musk's efforts to trim federal spending, the goal of reducing the deficit remains elusive.

Trump Administration's Cuts to USAID Pose Global Aid Crisis Threats

The Trump administration has placed most USAID employees on leave, with 2,000 more employees being laid off in a "reduction in force" effort, sparking concerns about the future of global aid. The move comes weeks after President Donald Trump attempted to eliminate thousands of USAID employees, but was halted by a federal judge. USAID employs around 10,000 people, two-thirds of whom work overseas, and its cuts have already disrupted humanitarian programs worldwide.

Olam Group Sells Stake in Agri-Business Unit to Saudi Fund

Olam Group Ltd. sold a stake in its agribusiness unit to a state-owned Saudi Arabian investment firm in a deal valuing the business at $4 billion, marking a significant shift in the company's strategic direction and positioning itself for long-term growth in the Persian Gulf region. The transaction will enable Olam Agri, the Singaporean trader's main unit, to capitalize on growing demand for commodities in the Middle East. This move also underscores the increasing influence of Saudi Arabia's sovereign wealth fund in the global commodity trade.

Big bank follows competitor with $110,000 home loan change: ‘Secret weapon’

NAB has joined in Westpac in announcing customers can open up to 10 offset accounts linked to their mortgage, allowing them to save money and pay off their loan quicker. The two major banks said the move will take savings "to the next level" for homeowners. Offset accounts are everyday bank accounts linked to a home loan, which can help individuals save interest and potentially pay off their loan quicker.

Perpetual to Pursue Wealth Management Sale, Rejects KKR Deal

Perpetual Ltd. is pursuing the sale of its wealth management business after rejecting the latest offer from KKR & Co., as the Australian financial services firm attempts to lure new offers and deliver long-term value to shareholders. The company has ended talks with KKR, citing an unexpected tax ruling that scuppered a deal last year. Perpetual will maintain its push to separate its businesses into standalone and more autonomous units.

GOLD RUSH: Orezone Gold Raises $35 MILLION IN BOUGHT DEAL OFFERING

Orezone Gold Corporation has announced a C$35 million bought deal offering, where Canaccord Genuity Corp. will purchase 42,683,000 common shares at a price of C$0.82 per share. The company plans to use the proceeds for accelerating its Stage II hard rock expansion and exploration at its Bomboré Gold Mine. Orezone aims to leverage this financing to drive growth and expand its operations.

iPhone 17 Pro Max Design Leak Sparks Debate Over Redesign and Future Features

The recent leak of renders and videos showcasing the iPhone 17 Pro Max design has sparked debate among tech enthusiasts, with some expressing admiration for the proposed camera bump design, while others are skeptical about the potential redesign. The leak suggests that Apple will ditch the titanium frame for a smaller, more compact model variant, which may impact the overall aesthetic of the device. Additionally, rumors hint at improved video quality and a focus on vloggers and creative professionals.

Amazon vs. Coupang: Battle for E-commerce Supremacy

Amazon stands out as the global leader in e-commerce and cloud computing, with a long history of innovation and fantastic growth rewarded shareholders handsomely. The company's fourth-quarter earnings report showed net sales up 10% year over year, while earnings per share (EPS) increased by 86%. Amazon's leadership in artificial intelligence (AI) is also critical to its success, capturing themes in both consumer spending and technology.

Warren Buffett's Warning to Wall Street

The billionaire has been a net seller of stocks quarter after quarter and recently closed positions in two ETFs tracking the S&P 500, suggesting he may be reevaluating his investment strategy amid record valuations and market momentum. Despite this, some investors remain uncertain about Buffett's intentions and whether he is truly fleeing stocks. Buffett's team has been reducing his positions in certain stocks, including Apple and Bank of America, and Berkshire Hathaway's cash level has reached a record high.

SUSTAINABLE FINANCE TARGET RAISED TO 700 BILLION EUROS

BBVA has increased its target for lending to businesses the Spanish bank considers sustainable to 700 billion euros ($732.7 billion) over the next five years, it said on Monday. The lender, which last year established a new global finance unit focused on clean technologies and innovation, had set a previous target of 300 billion euros for the period 2018-2025. Growing public pressure for action to limit climate change has spurred countries and companies to promise emissions reductions.

China’s Local Government Bond Rush Worsens Liquidity Strain

China’s local governments are rushing to issue bonds to refinance hidden debt, further tightening liquidity in the financial system. Most Read from BloombergTrump Targets $128 Billion The refinancing push comes after China approved a plan in late 2024 to allow regional authorities to swap six trillion yuan worth of hidden debt — mostly held by local government financing vehicles — over a three-year period. This would help regional authorities reduce interest payments.The unusually big offering has exacerbated a cash squeeze this year, as banks rush to absorb the securities.

Ukraine's Lasting Support from US Slipping Away

Ukraine's full-scale war with Russia marks its third year on Monday, leaving Kyiv uncertain about its ability to rely on its ally. The U.S. has made clear it will not send troops as a security guarantee, placing the burden on European powers. Ukraine's exhausted troops face a numerically superior foe.

Trump Eliminating 2,000 USAID Positions in US

The Trump administration has announced that it will eliminate approximately 2,000 positions at the United States Agency for International Development (USAID) in the US, placing all but a handful of personnel on paid leave. The move is part of a broader effort to cut funding for foreign aid programs, with the White House citing a need to prioritize domestic priorities. Critics argue that the reduction will undermine the agency's critical role in providing humanitarian assistance and promoting US influence abroad.

VBR Mar 2025 180.000 call (VBR250321C00180000) Stock Forum & Discussion - Yahoo Finance

Hedge funds are placing large bets against Vodafone Group, betting that the telecom company will decline in value. Investors have expressed concerns about the impact of 5G competition on Vodafone's revenue and profits. The uncertainty surrounding the future of the company is driving traders to seek short-term gains.

American Airlines Flight Diverted Due to Security Concern Lands Safely in Rome

The American Airlines flight from New York to New Delhi landed safely in Rome on Sunday after being diverted due to a security concern that later proved non-credible. The airline confirmed that the plane was inspected by law enforcement and cleared to re-depart, with the crew staying overnight in Rome before continuing to Delhi as soon as possible tomorrow. Passengers reported feeling calm at first but experiencing stress when fighter jets escorted their plane back to Rome.

BJ Freeman's Departure from Arizona State Sparks Concerns

BJ Freeman, Arizona State's leading scorer, is no longer with the team due to conduct detrimental to the team, a decision that follows a tumultuous stretch marked by ejections and suspensions. The 6-foot-6 senior averaged 13.7 points over 25 games before his dismissal. The Sun Devils' six-game losing streak has raised questions about the team's stability under Freeman's leadership.

WHITEHAVEN COAL FIRST HALF 2025 EARNINGS: REVENUES BEAT EXPECTATIONS, EPS LAGS

Whitehaven Coal's revenue exceeded analyst estimates by 1.4% in the first half of 2025, driven by significant growth in its core business, but the company's earnings per share (EPS) missed expectations by 65%. The decline in profit margin and net income is attributed to increased costs associated with production and exploration activities. The company's shares have rallied 1.4% from a week ago.

Conservative Opposition Wins German Election, Far Right Sees Strongest Postwar Result

The conservative opposition leader Friedrich Merz won a lackluster victory in a national election Sunday, while Alternative for Germany doubled its support in the strongest showing for a far-right party since World War II. Chancellor Olaf Scholz conceded defeat for his center-left Social Democrats after what he called “a bitter election result.” Projections showed that ARD and ZDF public television placed Merz’s Union bloc at 28.5% of the vote, while the anti-immigration Alternative for Germany (AfD) secured about 20.5%, roughly double its previous result from 2021.

UK-INDIA TRADE TALKS RESTARTED IN NEW DELHI

Britain's Business and Trade Secretary Jonathan Reynolds and India's Commerce Minister Piyush Goyal are set to meet in New Delhi on Monday to restart talks on a UK-India trade deal, with the British government seeking to secure a lucrative agreement with the world's fifth-largest economy. The trade relationship between the two nations is worth £41 billion ($51.8 billion), and securing a deal is seen as a top priority for Britain. A successful agreement could boost British exports and create jobs in the wake of Brexit.

Google’s New AI Video Model Veo 2 Will Cost 50 Cents Per Second

Veo 2, Google's latest video-generating AI model, is set to be priced at 50 cents per second of video, with a minimum usage threshold of one hour. This pricing strategy raises questions about the economic viability of AI-generated content and its potential impact on traditional media companies. The cost of Veo 2 is comparable to that of other AI models, such as OpenAI's Sora, but may be more challenging for businesses to adopt.

Google's AI Video Model Veo 2 to Cost $50 Per Second

Veo 2, Google's latest video-generating AI model, will charge customers 50 cents per second of video, amounting to $30 per minute or $1,800 per hour. This pricing poses a stark contrast to blockbuster movies like "Avengers: Endgame," which had production budgets ranging from hundreds of millions to billions of dollars. The high cost may limit the widespread adoption of Veo 2 in various industries.

DIVIDEND STOCKS BRING WEALTH TO EARLY RETIREE WITH $20,000 MONTHLY INCOME

Dividend stocks have played a crucial role in overall market returns in the past, accounting for about 47% of the total return of the S&P 500 from March 1994 through March 2024. An early retiree has reported collecting approximately $20,000 a month in dividend income, with a goal to reach $30,000 a month after taxes. Despite having a portfolio worth just shy of $600,000 and experiencing a total gain of about $25,000 over the last year, the investor acknowledges the risks involved.

WHITE HOUSE BACKS ISRAEL'S DECISION TO DELAY RELEASING PALESTINIAN PRISONERS

The White House has expressed support for Israel's decision to delay releasing 600 Palestinian prisoners, citing the "barbaric treatment" of Israeli hostages by Hamas. This move is seen as a response to the kidnappings and brutalization of Israeli civilians by Hamas. The prisoner release was scheduled to take place on February 16, but was postponed indefinitely due to concerns over the group's actions.

Asian Equities to Fall After Wall Street Slump: Markets Wrap

Stocks in Asia were primed to fall after Wall Street notched up its worst session of the year on lacklustre US economic data, with the euro strengthening following an election in Germany. The drop in equity futures echoed the downbeat mood in New York trading on Friday. US consumers' long-term inflation expectations rose to their highest level in almost three decades, sparking concerns about interest rate hikes.

"Stepmother's Intentions Cloud Inheritance Rights"

The complexity of inheritance laws and trusts surrounding stepfamily arrangements often lead to confusion and disputes among beneficiaries. As my father passed away, his stepmother remarried and now intends to leave our family assets to her new husband and nieces/nephews. However, the irrevocable marital trust established by my father may provide a safeguard for my brother and me as beneficiaries.

iPhone 17 CAD Renderings Show Unusual Design of All Four Apple Smartphones for 2025

The recent CAD renderings of the iPhone 17 series have generated significant attention and controversy among tech enthusiasts. The designs appear to feature a more compact iPhone 17 Pro, which could signal a shift in Apple's design strategy. However, the overall aesthetic is met with skepticism by many users, who question the wisdom behind such drastic changes. The renderings also suggest that Apple may be adopting a two-tone color scheme for its high-end devices.

ARGENTINA PRAYS FOR NATIVE SON FRANCIS, THE FIRST LATIN AMERICAN POPE IN HISTORY

Catholics from across Argentina have flocked to churches to pray for the recovery of native son Pope Francis, the first Latin American pope in history. The Vatican reported that the pope was conscious but still receiving "high flows" of supplemental oxygen after going through a respiratory crisis and blood transfusions. His precarious health has pushed people of faith from across the world to pray for his speedy recovery.

Assassin’s Creed Shadows Leaked Ahead of Launch

Physical copies of Assassin's Creed Shadows seem to have been leaked weeks before its scheduled March 20 launch, with players posting gameplay online for everyone to see. The leak first surfaced on social media platform X/Twitter, where a user shared a PlayStation 5 physical copy of Assassin's Creed Shadows alongside a download-in-progress screen. Several users have posted images and gameplay footage online, confirming that some players have already gained access to the game weeks before launch.

Morning Bid: US growth fears compound tariff nerves

Asian stocks are set to open on the defensive on Monday, taking the baton from a bruised Wall Street on Friday as worries over the U.S. economy and new tariff threats form President Donald Trump cast a cloud over world markets. Investors will digest Germany's election, which saw a victory for opposition conservatives and the far-right Alternative for Germany's best ever showing. The market tone on Monday will be one of nervousness and uncertainty, as investors seek the safety of bonds, gold and the U.S dollar.

Zelenskyy Discloses Rare Minerals Deal Progress with U.S.

Ukraine's President Volodymyr Zelenskyy says he may be forced to sign an economic agreement with the United States that would ensure continued aid for Ukraine. A contentious Trump administration proposal has been taken off the table, indicating a more equitable deal is in the works. The Ukrainian leader had earlier declined a U.S. draft agreement on exploitation of his country's valuable minerals due to lack of security guarantees and a $500 billion price tag.

Breakingviews - Merz’s Victory Opens New Era of German Uncertainty

Friedrich Merz will be the next chancellor of Germany, but his conservative alliance received only 29% of the vote, leaving him with little chance to form a government without the social democrats. The European Union's powerhouse will remain without a proper government in a heated geopolitical context, just as its economy is entering its third year of crisis. Merz has long pushed for continued support for Ukraine and increased defense budgets, but his plans may be complicated by the rise of insurgent parties.

US Growth Fears Compound Tariff Nerves

Asian stocks are set to open on the defensive on Monday, taking the baton from a bruised Wall Street on Friday as worries over the U.S. economy and new tariff threats form President Donald Trump cast a cloud over world markets. The local calendar is light, with New Zealand retail sales and inflation from Singapore the main data points, and Reserve Bank of New Zealand Deputy Governor Christian Hawkesby scheduled to speak in Wellington. Investors will digest Germany's election, which saw a victory for opposition conservatives and the far-right Alternative for Germany's best ever showing.

Warren Buffett's Daily Routine: A Catalyst for Success

Finding a simple yet focused daily routine that informs long-term success is just as effective as making one big investment decision. Warren Buffett's daily habits are a reflection of his disciplined approach to investing, highlighting the importance of researching investments and understanding your circle of competence. By focusing on what matters most – saving 25 cents a day – Buffett demonstrates how seemingly small financial decisions can have massive consequences.

Asia’s Business Leaders Are Worried About Asia's Future

Asia’s business leaders are preoccupied with issues that will shape the region’s future. Aging populations, a growing reliance on south-south trade, and the emergence of power-hungry AI are among the top concerns. As the 21st century belongs to Asia, those who fail to adapt may be left behind.

Hyundai’s New Tesla Charging Port Falls Short | TechCrunch

The 2025 Hyundai Ioniq 5 lacks compatibility with Tesla Superchargers due to its North American Charging Standard port, which is not as widely adopted by other automakers. This incompatibility creates a gap in the charging infrastructure and can limit the car's usefulness for drivers who rely heavily on Tesla's network. However, Hyundai offers alternatives such as CCS charging stations and an adapter that comes with the purchase of the vehicle.

Dominic Ambriano Joins Cabot Properties as Head of Asset Management Australia

Cabot Properties, a leading global investor, developer, and operator of logistics properties throughout the United States, Europe, and Asia Pacific, has announced that Dominic Ambriano has joined the firm as Director, Head of Asset Management in Australia. Based in Sydney, Ambriano will oversee asset management operations across the firm's expanding Australian portfolio, working to maximize value and furthering Cabot's vertically integrated investment and development strategy in the region. The move is expected to bolster Cabot's presence in one of the APAC region's key logistics markets with Ambriano's expertise in portfolio management, leasing, capital management, development, and ESG.

Key Charts to Watch in Global Commodity Markets This Week

Global commodity markets will be closely watched this week for clues on future price movements. Gold is flowing into the US as market participants seek to capture arbitrage opportunities, while the price of liquefied natural gas in Europe shows signs of easing. Oil traders will be meeting in London for International Energy Week amidst a subdued market backdrop.

Nvidia's RTX 50-Series GPUs Bring Higher Performance, but with New Challenges

The new Nvidia GeForce RTX 5070 Ti and RTX 5080 graphics cards offer improved performance over their predecessors, but also come with several challenges, including manufacturing defects, limited inventory, and the loss of support for PhysX technology. The company's flagship RTX 5090 card has been criticized for its high price and limited availability, while Nvidia has implemented a "priority access" program to help fans purchase these cards. Despite these issues, the RTX 5070 Ti is a capable option for those looking to upgrade to 4K gaming.

AVALANCHES IN WESTERN US CLAIM MORE LIVES IN RECENT WEEKS INCLUDING A WEEKEND DEATH IN COLORADO

One person has been killed in a weekend avalanche in Colorado, adding to the growing death toll from avalanches in the western U.S. this season. The avalanche occurred on Saturday in central Colorado's "The Fingers" area above Berthoud Pass, where several other skiers were caught but managed to escape uninjured. As the snow season enters its final stretch, concerns about safety and preparedness are growing among outdoor enthusiasts.

Ovechkin's Hat Trick puts Him 13 Away from Breaking Gretzky's Career Goals Record

Alex Ovechkin fired a perfect wrist shot past Calvin Pickard for his first goal of the game, scored from his office on the power play for his second and sailed a shot into an empty net from his own zone to complete the hat trick. Scoring three goals in the Washington Capitals’ 7-3 rout of the Edmonton Oilers put Ovechkin 13 away from breaking Wayne Gretzky’s NHL career record of 894, which had seemed unapproachable earlier in the season. Even after missing 16 games due to a broken leg, the 39-year-old is on pace to pass Gretzky this spring.

Silicon Valley Loses Its Way to Corporate Self-Interest

Palantir co-founder and CEO Alexander Karp's new book declares that Silicon Valley has lost its way, shifting its focus from building technologies that address pressing challenges to narrow consumer products. The valley's early success was built on a close alliance between technology companies and the U.S. government, but this partnership has splintered, with the industry now prioritizing its own interests over public good. Karp argues that Silicon Valley must rebuild its relationship with government and redirect its efforts towards constructing technologies that address collective challenges.

Silicon Valley Has Lost Its Way: Karp's Critique

Palantir co-founder and CEO Alexander Karp's new book is a provocative declaration that Silicon Valley has lost its way. The data analytics company's work for U.S. military and intelligence, combined with its own success story, led to a close alliance between technology companies and the government. However, this alliance has splintered, with the private sector focusing on narrow consumer products rather than projects addressing greater security and welfare.

Manchester City Struggle Against Liverpool in Premier League

Pep Guardiola's Manchester City side suffered a 2-0 defeat by Liverpool, with the former Barcelona coach expressing confidence in his team's future despite this setback. Guardiola saw the potential for a bright future in his players, many of whom are young and have been with the club for relatively short periods. However, the team's average age was notable at 25 years and 68 days, highlighting the need for experienced players to complement their youth.