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Biden issues his first veto on retirement investment resolution

CNN

President Joe Biden issued the first veto of his presidency Monday on a resolution to overturn a retirement investment rule that allows managers of retirement funds to consider the impact of climate change and other environmental, social and governance factors when picking investments.

Starbucks CEO Howard Schultz has stepped down earlier than expected

Quartz

Starbucks leadership is getting an earlier-than-expected shake-up. Laxman Narasimhan, who was tapped in October to succeed Howard Schultz,...

Redemption delay fears send yields on European banks' CoCo bonds spiking

Yahoo Finance

Turmoil in the banking sector has sent yields on the riskiest bonds issued by European lenders including UniCredit, Santander and BBVA...

Tk 7.46t budget likely for next fiscal year

The Financial Express

A yet bigger budget worth Tk 7.46 trillion may be in the making for Bangladesh for the forthcoming fiscal year (FY), sources said, although the current one is trimmed for revenue-expenditure mismatch. According to the sources, Finance Minister AHM Mustafa Kamal may set sights high also on gross do

    • CNN
    • 2023-03-20T14:48:56.000Z

    Amazon to lay off 9,000 more workers

    Amazon is cutting 9,000 more jobs, CEO Andy Jassy announced Monday in a

    • The Economic Times
    • 2023-03-20T14:00:05.782Z

    A four-member GST appellate tribunal likely in each state to streamline dispute resolution

    A four-member appellate tribunal is likely to be set up in each state in order to streamline and expedite the dispute resolution process with regard to Goods and Services Tax (GST), reported PTI citing official. Each state appellate tribunal would have two technical members (one officer each from the centre and states) and two judicial members.

    • ETEnergyworld.com
    • 2023-03-20T13:50:06.702Z

    Analysis: Can Colombia's green energy plan succeed without fossil fuel cash?

    Colombia: "The Petro government has a good chance to create an energy transition policy so that change can happen and be consolidated in the next 15 to 20 years," said Giovanni Pabon, energy director at Transforma, a think-tank on climate action.

    • CNN
    • 2023-03-20T13:33:28.000Z

    What are AT1 bonds and why are Credit Suisse's now worthless?

    Investors in a riskier type of Credit Suisse's bonds had their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS.

    • Wall Street Journal
    • 2023-03-20T13:30:06.252Z

    Credit Suisse’s Death Gives Birth to New Type of Bank Crisis

    Solid ratios were no defense against a rapid loss of confidence at the Swiss lender, and the way it is being unwound sparks fresh banking sector fears.

    • CNN
    • 2023-03-20T13:14:29.000Z

    Starbucks' new CEO steps in two weeks early

    Starbucks' new CEO Laxman Narasimhan has taken over the reins from interim

    • CNN
    • 2023-03-20T13:06:32.000Z

    'The climate time-bomb is ticking': The world is running out of time to avoid catastrophe, new UN report warns

    The world is rapidly approaching catastrophic levels of heating with international climate goals set to slip out of reach unless radical action is taken immediately, according to a new report from the Intergovernmental Panel on Climate Change on Monday.

    • ABC11 Raleigh-Durham
    • 2023-03-20T21:44:24.000Z

    UBS to acquire smaller rival Credit Suisse; what does that mean for bank's RTP operations?

    At Credit Suisse's Research Triangle Park campus, it still remains to be seen what the weekend news will mean for employees.

    • CoinDesk
    • 2023-03-20T21:00:45.801Z

    Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator

    Core Scientific had stopped paying Priority Power Management in May 2022.

    • Wccftech
    • 2023-03-20T20:43:20.000Z

    NASA Astronaut Felt A Worrying 'Glitch In The Matrix' While Returning To Earth On SpaceX Ship

    Astronauts from NASA's SpaceX Crew-5 mission shared their experiences of spending more than five months in space before they returned to Earth earlier this month. SpaceX's Crew Dragon took to the skies in October last year and came back during the second week of March. On board were two NASA astronauts, Nicole Mann and Josh […]

    • The Root
    • 2023-03-20T19:52:05.983Z

    The Worst Business Advice Shark Tank's Daymond John Has Received

    Shark Tank investor and FUBU CEO Daymond John shares the worst business advice he's received and worst mistake he's made.

    • The Root
    • 2023-03-20T19:50:00.799Z

    The Difference Between A Good Business Pitch & A Great Pitch

    Shark Tank investor and FUBU CEO, Daymond John, reveals how to convince him to invest in your business venture.

    • CNBC
    • 2023-03-20T19:18:51.000Z

    What happens during a ‘credit crunch’ — and how you can prepare for one

    Banks will likely tighten lending after the collapse of Silicon Valley Bank and Signature Bank, experts said. It may be harder or more costly to get a loan.

    • Entrepreneur
    • 2023-03-20T19:00:00.000Z

    10 Important Tax Numbers Every Business Owner Should Know to Save Big on Their Taxes This Year

    Boring? Not when you consider the money you could be saving.

    • CNBC
    • 2023-03-20T18:45:58.000Z

    After an 8.7% Social Security cost-of-living adjustment for 2023, next year's increase may not be as large

    Older generations are spending more, thanks to a record high Social Security cost-of-living adjustment for 2023. But benefits may not increase as much in 2024.

    • Fortune
    • 2023-03-20T18:35:00.000Z

    Why I pulled my startup’s money from SVB the day before the collapse–and what lessons banks and entrepreneurs should learn

    SVB believed in big ideas and were willing to place bets on founders of early-stage businesses. 'We are now left with a big void in the startup ecosystem.'

    • CNBC
    • 2023-03-20T18:32:28.000Z

    Key banking crisis lesson: 'The first line of defense should always be cash,' advisor says

    The collapse of Silicon Valley Bank and the banking crisis provide "a great case study" for clients, advisor says. Here's what investors need to know.

    • TheHill
    • 2023-03-20T18:30:00.000Z

    Main Street banks shouldn’t pay for Silicon Valley speculation

    Washington should ensure any response to the closures at SVB and Signature Bank does not affect the community banks that continue to do right by their customers and hometowns.

    • Entrepreneur
    • 2023-03-20T18:16:29.000Z

    Get Your Shopping Done With These 2 Grocery Stocks

    Following the recent bank failures, the Fed stands at policy crossroads, weighing strong economic data against jittery capital markets. Amid an inflationary environment, grocery stocks tend to fare better than

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