May 8, 2025

business

Investment

$100B US investment hinges on federal support

Nichola Groom  |  Reuters April 29 — Manufacturers and developers of U.S. energy storage projects said their industry will invest $100 billion this decade to create a wholly domestic battery supply chain, but warned the goal was contingent on support from Washington. The American Clean Power Association, a trade group that represents energy storage companies, said

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Finance

Finance Minister meets IFC Managing Director to deepen cooperation in key sectors

The Minister for Finance, Dr Cassiel Ato Forson, has held a high-level meeting with the Managing Director of the In­ternational Finance Corporation (IFC), Mr Makhtar Diop, as part of ongoing efforts to strengthen Ghana’s partnership with the global development finance institution. During the meeting held at the just ended World Bank/IMF Spring Meetings in

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Crypto

MoonPay to put down roots in NYC with new US headquarters — leading to predicted crypto real estate boom

Crypto continues to stake its claim in the financial capital of the world.  MoonPay, the global leader in crypto payments, is opening a new 5,000-plus square-foot U.S. headquarters in SoHo, NYNext can exclusively report. With the move, the company becomes the latest digital currency firm to expand its presence in NYC.  MoonPay’s new headquarters is a

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Investors

Big Tech carries Wall Street to close of its roller-coaster week

By STAN CHOE, AP Business Writer NEW YORK (AP) — Big Tech stocks carried Wall Street Friday to the close of a winning, roller-coaster week, one that saw markets swing from fear to relief and back to caution because of President Donald Trump’s trade war. The S&P 500 rose 0.7% to add some more to a big three-day rally,

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Investment

Bally’s Casino Nixes Controversial Minority Investment Offer

CHICAGO — Bally’s Casino has scrapped its investment offering targeted at women and other minorities after facing significant legal challenges and a lack of guidance on the program from the Securities and Exchange Commission. The company announced this week that it has submitted a new investment offering to the SEC that instead gives preference to

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Banking

Banking sector expands 15.8% in 2024

Listen to article KARACHI: The State Bank of Pakistan’s 2024 Financial Stability Review signals improving macroeconomic conditions, with easing inflation, stable exchange rates, and a rebound in private sector credit. The banking sector showed strong performance, though concerns remain over rising borrowings, stressed microfinance banks, and global protectionist risks. The review highlights that macroeconomic conditions improved considerably

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Mortgage

High rates for home loans are holding back the housing market

Fast-growing fruit trees for your backyard harvest Here are five fast-growing fruit trees you can plant in your backyard for a quicker harvest. unbranded – Lifestyle Rates for home loans remained high as consumer and investor confidence takes a hit amid the White House’s tariff roll-out. In the week ending April 24, 30-year fixed-rate mortgages

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Loans

SBA chief wants bigger loans for small manufacturers

The Trump administration is eyeing an expansion of federal loan programs for manufacturers as part of its “Made in America” initiative. Kelly Loeffler, head of the U.S. Small Business Administration, said in Hauppauge on Thursday that her agency wants to make bigger loans to factories. “We are certainly looking at expanding the loan size, expanding the

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Investment

Swiss pharmaceuticals company Roche announces $50 billion investment in US over next 5 years

GENEVA (AP) — Swiss pharmaceuticals powerhouse Roche announced Monday it plans to invest $50 billion in the United States over the next five years, creating 12,000 jobs. The Basel-based company, whose array of products includes cancer medicines and multiple sclerosis treatment Ocrevus, said the investment would go toward high-tech research and development sites and new

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Banking

Lisa Berger and Ilaria Rawlins Open a New Type of Bank

The founders of women-owned Fortuna Bank aim to help local business owners grow and thrive. Lisa Berger and Ilaria Rawlins had experienced plenty of success in their careers, but a novel idea to start a women-owned bank was an opportunity they couldn’t turn down. Berger and Rawlins met in 2006, when Berger—at the time a

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