Business

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A deal to end the shutdown is set for its final stop on Capitol Hill later Wednesday when the House of Representatives will gather for the first time in 54 days to try to send the bill to President Trump's desk. The measure is widely expected to pass in the vote (and Trump has signaled his intent to sign it). But the question is timing, as lawmakers brave shutdown-induced travel delays to make their way to Washington. Also, final wrangling over details could push the climactic vote into late Wednesday night or early Thursday morning. For now, the formal schedule has the House of Representatives convening at 12 p.m. ET on Wednesday, before proceeding to a final vote tentatively penciled in for around 7 p.m. ET. Trump voiced his backing for the measure on Monday, making it likely th...

While many business functions have been quick to adopt AI, finance and accounting have been slower to do so.  Often, this reluctance is due to the fact that generic AI tools may not support compliance requirements. Generic AI models that promise the world are a non-starter in accounting.  Finance and accounting professionals need to be able to trust AI’s outputs, which means they need transparent AI models that allow them to share full audit trails with auditors and regulators. To move forward, CFOs need finance-specific AI that provides an unbreakable chain of thought and a clear audit trail. Despite these reservations, the office of the CFO is increasingly under pressure to start using AI or at least exploring how it could support the department. “Everyone’s being asked to do...

Company Logo Malaysian Embedded Finance Market Malaysian Embedded Finance Market Dublin, Nov. 12, 2025 (GLOBE NEWSWIRE) -- The "Malaysia Embedded Finance Market Size & Forecast by Value and Volume Across 100+ KPIs by Business Models, Distribution Models, End-Use Sectors, and Key Verticals (Payments, Lending, Insurance, Banking, Wealth) - Databook Q4 2025 Update" has been added to ResearchAndMarkets.com's offering. The embedded finance market in Malaysia is set to grow significantly, with an expected annual increase of 23% to reach US$6.55 billion by 2025. Demonstrating robust growth, the market achieved a compound annual growth rate (CAGR) of 33.4% between 2021-2025, and forecasts suggest a continued CAGR of 16.3% from 2026 to 2030. By 2030, the market is antici...

Sign up for Chalkbeat New York’s free daily newsletter to get essential news about NYC’s public schools delivered to your inbox.Fifteen New York City public schools will offer information about banking services on site next year through a pilot program designed to expand financial literacy and access, city officials announced Wednesday.The program is part of Mayor Eric Adams’ “financial literacy for youth” initiative, which the mayor revealed in January and is now beginning to take shape.“If you don’t teach people how to use their money, they will lose their money,” Adams said in a statement. The program will “bring banking services directly to students and give them hands-on experience opening up a safe, affordable bank account, learning about financial products, and starting careers in b...

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Oil prices fell on Wednesday as the Organization of Petroleum Exporting Countries (OPEC) left its global oil demand forecast unchanged from October in its monthly report and the International Energy Agency (IEA) said it no longer expects oil and gas demand to peak by 2030, instead rising through 2050. The cartel continues to see oil demand increasing by 1.3 million barrels per day in 2025 and by 1.38 million barrels per day in 2026. Futures on West Texas Intermediate crude (CL=F), the US benchmark, fell 1.3% to trade around $60 a barrel, while Brent crude (BZ=F), the global benchmark, traded at $64. In a report on Wednesday, the IEA said that global oil and gas demand is likely to continue to grow through 2050. The agency sees oil demand rising to 105 million b/d in 2035 and 113 million b...

A company linked to crypto tycoon Justin Sun is locked in a feud with a commodity trade finance fund over the soured investment of almost half a billion dollars in stablecoin reserves.   Techteryx, which operates the stablecoin TrueUSD, invested US$456mn of the cryptocurrency’s reserves in the Aria Commodity Finance Fund (ACFF) between 2020 and 2022, court judgments show.  In a series of legal battles, the crypto company claims it has been unable to redeem almost all of its investment, alleging that ACFF is “not a genuine fund” and was “perpetrating a fraud”.  Techteryx alleges that, instead of following its stated investment strategy of primarily investing the reserves in trade finance securities, the fund loaned the bulk of the money to related parties within the Aria group.  ...

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On Holding (ONON) stock soared in early trading on Wednesday after the company's third quarter results topped forecasts and it raised its full-year outlook, with CEO Martin Hoffmann saying sales momentum is strong heading into the crucial holiday quarter. "We had an amazing ... strong quarter, significantly above expectations ... [which] gives us the confidence into Q4," Hoffmann told Yahoo Finance. "We already see the results ... in the first days of November, [...] the momentum is very strong." For fiscal year 2025, On expects net sales to be up at least 34% year over year compared to a previous forecast for a jump of at least 31%. At its Investor Day in 2023, the company forecast net sales to be greater than $4.44 billion US dollars by 2026, which implied a 26% annual growth rate...