Author: TI Editor

(Bloomberg) — Two units of Robinhood Markets Inc. agreed to pay $26 million to settle Financial Industry Regulatory Authority allegations that it failed to respond to red flags about potential misconduct and didn’t verify the identities of thousands of customers. The fine from the broker-dealer industry regulator comes on the heels of a separate $45 million settlement by Robinhood Securities and Robinhood Financial in January with the US Securities and Exchange Commission, which accused the retail trading firm of failing to preserve records and not reporting suspicious activity on time, among other problems.  “Today’s action reminds Finra members that compliance…

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…

(Reuters) -Activist investor Mantle Ridge has built a stake worth more than $1 billion in consultancy firm Cognizant Technology, saying its shares are undervalued, the Wall Street Journal reported on Friday. Shares of the company, whose market capitalization stands at more than $41 billion, rose over 5% in extended trading. Mantle Ridge started buying up shares of the company in the second half of 2022, when the stock was trading in the high $50 to low $60 per-share range, the report added. The activist firm has been privately engaging with Cognizant about its progress on boosting the share price, the…

Supply Lines is a daily newsletter that tracks global trade. . The CEOs of the three largest American steelmakers are urging US President Donald Trump to resist giving any tariff exemptions on imports of the alloy. Nine US steel industry executives sent a letter to Trump on March 7, just days before the US is expected to implement a 25% tariff on all steel imports. The letter said prior exemptions given to nations allowed for increased import volumes that damped the original impact of Trump’s duties during his first administration. The CEOs, which include Nucor Corp.’s Leon Topalian, United States Steel…

Elon Musk is set to be questioned under oath about his 2022 acquisition of Twitter Inc. in an investor lawsuit alleging that his on-again off-again move to purchase the social media platform was a ruse to lower its stock price. After attorneys for the world’s richest person initially balked at making him appear in person for a deposition, Musk has agreed to meet with lawyers for the investors on April 3 in Washington, DC, according to a court filing submitted Friday by lawyers on both sides. While Musk has been busy lately as a key adviser to President Donald Trump…

(Bloomberg) — Software firm ServiceNow Inc is planning a major expansion in West Palm Beach and has explored relocating its headquarters there from Silicon Valley, according to two people familiar with the idea, boosting the South Florida city’s status as a nexus of money and power. On Thursday, the people told Bloomberg that ServiceNow was planning to move its headquarters to West Palm Beach, eventually creating thousands of jobs in the city. The people cautioned that the plans could still change. On Friday, a company spokesperson confirmed it was exploring an expansion while keeping its corporate base in Santa Clara.…

(Bloomberg) — The Trump administration is preparing to force more companies to stop working in Venezuela, increasing pressure on President Nicolas Maduro after ordering Chevron Corp. to end operations there, according to people familiar with the matter.  Officials have told companies including French oil producer Etablissements Maurel & Prom SA and an asphalt company run by Florida oil tycoon Harry Sargeant they’ll have 30 days to end operations in Venezuela once the US revokes their waivers to operate there without running afoul of sanctions, the people said. The US Treasury could initiate the process as soon as Friday, one person…

Mexican billionaire Carlos Slim has reportedly terminated his collaboration with Elon Musk’s satellite internet venture, Starlink, in a move that is set to reshape the telecommunications landscape in Latin America.The decision, first reported byMexico Daily Post, follows increasing tensions between the two business magnates, culminating in Slim’s strategic pivot towards independent infrastructure development.Slim’s telecom giant, América Móvil, has announced an ambitious investment of $22 billion over the next three years to enhance its own telecommunications infrastructure, the report added.According to the publication, this initiative aims to solidify its market dominance while reducing reliance on external satellite-based services like Starlink. Analysts…

In India, where good financial management is highly valued, still currently we have limited reach of financial literacy in the country. Investors lack basic understanding of asset classes and investment tools. Due to this it is often seen that: individuals enter unsustainable debt obligations. That is why it is important to be alert about these everyday traps if one wants a stable financial future.Over-dependence on credit cardsCredit cards are easy to use, but excessive dependence on them can soon become debt. Swiping for everyday transactions without a strategy and proper plan of repayment tends to result in accumulating high-interest debt.…

Modern digital times provide the simplest approach to handle personal loans online. Most lending institutions let their customers view loan information through internet portals or mobile applications enabling efficient payments together with budget tracking. This evaluates the benefits of online loan tracking functions while providing key management approaches for accurate payment control.Key tips for managing personal loans online1. Prioritise high interest rates debtAll your current debts should be listed with rates of interest as a basis for their organization. Most of the time credit card rates together with personal loan rates remain higher than standard loan types. By prioritizing debt…