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Treasury Secy. Bessent: ‘America first does not mean America alone’
IE 11 is not supported. For an optimal experience visit our site on another browser.April 23, 202501:07Now PlayingTreasury Secy. Bessent: ‘America first does not mean America alone’01:07UP NEXTRubio announces massive overhaul of the State Department01:18Trump dials back tariff talk; Musk to focus on Tesla’s slumping sales03:16Trump ramps up attacks against Jerome Powell03:22Pricier building materials could…
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Time Finance delivers £500,000 lending package to Red Security
The asset-based lending solution will enable Red Security to enhance its Halo product line. Credit: Doidam 10 / Shutterstock. Time Finance has provided a £500,000 ($664,850) asset-based finance facility to Red Security for expansion and acquisition. The package, which includes a £425,000 disclosed invoice finance facility and a £75,000 refinanced asset finance facility, is…
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Bessent says IMF and World Bank ‘falling short’ as he calls for rebalancing of international financial system
Treasury Secretary Scott Bessent said Wednesday that the International Monetary Fund and the World Bank are “falling short” of their original missions and guilty of “mission creep” as he asked them to refocus efforts on helping the US restore balance to the international economic system. The US helped create both institutions near the end…
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Trump tariffs live updates: White House considers slashing China tariffs after Trump hints at deescalation
President Trump has given his administration and trade partners 90 days to work out trade deals before steeper reciprocal tariffs resume. It’s a short deadline that even Treasury Secretary Scott Bessent said the US is “not likely” to meet. As Apollo chief economist Torsten Sløk points out, trade negotiations are complex, and they tend…
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Tesla stock rises after Musk says time at DOGE will drop ‘significantly’
Tesla (TSLA) stock rose 3% in early trade Wednesday after CEO Elon Musk said he would spend more time at Tesla and less time in Washington, D.C., news that overshadowed a challenging quarter for the company that saw results come in far below Wall Street forecasts. “Starting early next month, in May, my time…
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Beyond Finance Honored with 2025 Customer Service Organization of the Year Award from Business Intelligence Group
Award-winning client experience: Beyond Finance graduates report an improvement in their financial habits, increasing from an average score of 5.8/10 to 8.0/10 CHICAGO, April 23, 2025 /PRNewswire/ — Beyond Finance, one of the nation’s largest debt consolidation organizations, has been named a winner of the 2025 Excellence in Customer Service Awards, presented by Business…
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Has the stock market fully priced in a recession?
Heightened stock market volatility at the hands of blistering tariff headlines continues to drive one important discussion among investors. Have markets fully priced in a US recession as tariffs impact the economy? New data from Deutsche Bank suggests markets have a way to go before fully baking a recession into stock valuations. Since the…
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Santander plans UK restructuring to ring-fence motor finance unit
Picture Credit: Shutterstock Banco Santander SA is preparing to restructure its UK operations by carving out its consumer finance unit, including the division affected by mounting motor finance litigation, according to Bloomberg News. Citing unnamed sources familiar with the matter, Bloomberg reported that the Spanish lender is seeking regulatory consent to move its consumer…
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Stock market today: Dow, S&P 500, Nasdaq soar as Trump softens stance on Powell, China tariffs
US economic activity continued to sink this month amid uncertainty around tariff policy. New data from S&P Global out Wednesday showed its flash composite PMI output index for April — which captures activity in the services and manufacturing sectors — fell to 51.2, the lowest in 16 months. Manufacturing activity rose to 50.7, up…
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Ford’s UK motor finance arm sets aside £61m
Picture Credit: Shutterstock Ford’s UK-based motor finance subsidiary, FCE Bank, has made a £61 million provision to cover possible compensation linked to the car loans mis-selling scandal. The charge, disclosed in the bank’s latest financial statements, positions Ford among several major lenders preparing for regulatory action and customer redress. The provision reflects the anticipated…
